The US job market is cooling rapidly, a timely blow that could force the Federal Reserve to loosen its purse strings and potentially put a floor under the price of bitcoin BTC$65,751.64. Planned layoffs, the job cuts that companies have announced but not yet carried out, rose 205% to 108,435 in January, according to data […]
US layoffs rise to 17-year high at UPS, Amazon cuts Read More »
Quantum computing is moving from theory to long-term strategic considerations, and Strategy ( MSTR ) made it clear that it intends to be proactive rather than reactive during the company’s Q4 earnings call Thursday. Strategy, the largest corporate holder of bitcoin, plans to initiate a bitcoin security program to coordinate with the global cyber, crypto
Strategy to Initiate a BTC Security Program Addressing Quantum Uncertainty Read More »
Blockchains should focus on their original purpose: finance, Solana Foundation President Lily Liu wrote on X-Thursday, rejecting years of narratives that tried to frame the technology as a generalized replacement for the modern Internet. “Blockchains have always been and will always be technology for finance,” Liu wrote, describing financialization and open capital markets as the
Solana Foundation’s Lily Liu calls for a focus on funding as crypto prices fall Read More »
Sovcombank, the ninth-largest Russian bank by assets, said it became the first financial institution in the country to offer bitcoin-backed loans to individuals and companies that legally own digital assets. The move follows a pilot program by state-owned Sberbank, which in late December deployed the first such product to mining company Intelion Data. While crypto-secured
Sovcombank launches bitcoin-backed loans for Russian miners and companies Read More »
Bybit and Block Scholes report finds derivatives markets signaling cautious stability despite Bitcoin at 15-month low
Bitcoin bounced back strongly in Asia on Friday after a new wave of selling briefly pushed the token towards $60,000, extending a brutal slide that has now sent the world’s biggest cryptocurrency more than 50% below its October peak. BTC fell as much as 4.8% to around $60,033 during the late US hours before falling
Bitcoin rises to $65,000 after $700 million in early Friday liquidation Read More »
Jefferies says the recent crypto selloff shows little sign of an imminent bottom, even as bitcoin and ether hover near levels that have historically drawn dive buyers. In a research note this week, the bank described the downturn as a liquidity-driven correction rather than a collapse in blockchain activity, pointing instead to continued network usage
Jefferies sees few signs of a BTC bottom, but is bullish on tokens with fundamentals Read More »
Bitcoin’s plunge to nearly $60,000 on Thursday, down nearly 30% over 7 days, has led traders on X to begin floating theories that the sell-off was not purely macro or risk-off, but various reasons contributed to the asset’s worst one-day performance since the 2022 FTX crash. Flood, a prominent crypto trader, called it in an
Has a Hidden Hedge Fund Exploded Behind Bitcoin’s Crash to $60,000? Read More »
Sentiment in the crypto market sank to its gloomiest level since the FTX collapse after bitcoin’s sharp decline this week dragged prices across the board and forced a wave of deleveraging. The widely followed Crypto Fear and Greed Index fell to 9 on Friday, a reading categorized as “extreme fear” and one that has historically
Crypto sentiment gauge hits FTX-era lows as ‘extreme fear’ hits 9 Read More »
Talk about crazy trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, ticked as IBIT, hit a wild record with over 284 million shares traded, as of Nasdaq data. That’s a whopping $10 billion plus in face value. To put that into perspective, it smashed the old record of 169.21 million shares from November 21st by
BlackRock’s bitcoin ETF (IBIT) hits $10 billion volume record, suggesting capitulation Read More »
