The largest digital currency tumbled below $60,000 again yesterday, for the second time in two days. Sentiment surrounding crypto is deteriorating, and analysts believe a retest of the $54,000 level is a possibility in the coming days. Could that then be the new floor where Wall Street firms step back in? Below Strategy, the largest […]
Bitcoin dove under the psychologically important price point of $60,000 yesterday while investor nervousness increases. Front-page news in both the Wall Street Journal and the Financial Times reminded readers that many companies that have invested heavily in AI are still seeing no ROI (return on investment) from it. Gold very notably dropped below $4,000 per […]
The expected stock market crash of (ironically) rocket company SpaceX was, of course, inevitable. After a climb of some 40% in the first few days following the IPO, investors who got in very early started taking their profits, and the stock dropped by about 16% in one swoop on Monday. There was not much improvement […]
This past Sunday, the meteorological summer kicked off, so it is probably a good idea to compare what Bitcoin did during the summer months of previous bear markets (those of 2022 and 2018), so that we know what to expect. 4 months In both 2018 and 2022, during the previous ‘crypto winters’, Bitcoin went through […]
While AI stocks have siphoned a significant amount of money away from the crypto market this year, the two worlds (AI and crypto) cannot do without each other. It is quite logical that AI assistants will soon increasingly use crypto to process payments, given that traditional financial fiat systems are not set up for this, […]
Besides the geopolitical tensions between Iran and the United States, rising interest rates (in both the United States and Europe), and increasing inflation due to energy prices, there is another data point pointing to a possible stock market crash (which would, of course, also cause a crypto crash). Technically speaking, Microsoft’s weekly chart looks very […]
The US markets were closed yesterday for Juneteenth, while the biggest geopolitical news also came from that direction (US Vice President JD Vance did not travel to Switzerland negotiate with Iran). Bitcoin and the European and Asian markets are therefore awaiting direction from the Americans on Monday. In the meantime, investors must hope that Bitcoin […]
While the largest digital currency had been on an impressive bounce during the past week, this came to an abrupt end on Wednesday evening at the first Federal Reserve meeting chaired by its new chairman, Kevin Warsh. He hinted that the majority of the US central bank is considering a new interest rate hike. That […]
Apart from the stock of electronic car manufacturer Rivian (which has since crashed), few stocks rose as fast and are as volatile as SpaceX has been during the first week of trading. After a launch at a price of $150, SpaceX already surpassed Amazon’s market value yesterday and was trading above $200. As various American […]
After the strong pullback of late May and early June (which dropped the price of Bitcoin from $75,000 to $59,000), Bitcoin has recorded a fairly decisive bounce. After four days of positivity, Bitcoin briefly touched $67,000 on Tuesday. The altcoins are following suit, and the growth of Hyperliquid is (yet again) particularly striking. Hype It […]
