Financial markets are reacting sharply to the escalation in the Middle East. UK gas surges 23.5%, Brent crude climbs 9%, gold adds 2.5% and silver rises 2.1%. Equity markets are broadly lower, with the Dow down 1%, the Nasdaq off 0.9% and the S&P 500 slipping 0.4%. The biggest surprise, however, is Bitcoin: the price […]
Bitcoin is trading at $66,409, up 4.57% over the past 24 hours, but the broader weekly loss of 2.32% shows that uncertainty has not disappeared. Analyst Michaël van de Poppe points to the 21 day moving average as a crucial level for a potential relief rally. Meanwhile, crypto platform Hyperliquid is emerging as an unexpected […]
The crypto market plunges after the United States and Israel launch a large-scale military attack on Iran. Bitcoin falls 6.36% to $63,645 and the total market capitalization loses more than 5% in a single day. Within 24 hours, $517.82 million in positions is liquidated, impacting 153,329 traders. The Fear & Greed Index sits at 11, […]
Bitcoin rebounds strongly and climbs back above $68,000 after a reversal from recent lows. The entire crypto market turns green, with Ethereum standing out at +8.58%. Analyst Michaël van de Poppe expects a rally toward $75,000 in early March. Meanwhile, gold continues to break records, fueled by a US budget deficit of $1.9 trillion and […]
Bitcoin is dropping ever deeper into the danger zone, and the chance of a February closing below $60,000 is increasing. Meanwhile, we’re hearing rumors that Meta (formerly Facebook) is considering launching its own stablecoin again. This is noteworthy, as Facebook (which has 2 billion users) has tried this before, only to be rebuffed by the […]
Nik Pash, a coder working for OpenAI, wanted to test just how good AI had become last week. He thus created an AI bot and instructed it to start trading with $50,000 worth of crypto. Once the final profit was $1,000,000, the AI bot would be allowed to stop. After a user on X requested money, […]
Unless we see a rapid bull run of more than 15% in the last week of this month, Bitcoin is bound to close February negatively. That would thus be the fifth consecutive month of declining prices. The last time we saw such a move, it was practically the end of the decline. Will that be […]
You probably saw it on some social media channel this week. In Ichikawa, Japan, a baby macaque was abandoned by its mother earlier this month. Because the zoo staff didn’t want the young monkey to die of loneliness, they gave it a plush toy monkey from Ikea so it could cling to its fur. The […]
A growing number of companies that purchased billions of dollars’ worth of Bitcoin in recent years are facing growing investor complaints. After Strategy in the United States saw tons of investor critique, it’s now Metaplanet’s turn in Japan. In early 2024, the company copied Strategy’s playbook and began buying Bitcoin (and borrowed money to do […]
The Austrian financial regulator FMA is immediately prohibiting KuCoin EU Exchange GmbH from onboarding new customers. The reason: the company no longer has the required officers for anti money laundering and counter terrorism financing in place. It is a painful setback for the crypto exchange, which only recently obtained a MiCAR license through Austria to […]
