The average price of US gasoline fell below $4 per gallon on Thursday. gallon for the first time in months after Iran and the United States signed a tentative agreement to halt hostilities for 60 days and reopen the Strait of Hormuz. The national average for a gallon of regular gasoline fell a fraction of […]
The average US gasoline price falls below $4 for the first time in months Read More »
The move marks a remarkable reversal from the start of the year, when the curve steepened, a sign that markets were pricing in rate cuts, which were then cited as a tailwind for risk assets, including cryptocurrencies. That tailwind now appears to be subsiding. Here’s why the curve matters Bonds act as one of the
The slide also lands on a sensitive instrument. STRC’s dividend prompted Strategy to sell bitcoin for the first time since it began accumulating bitcoin in 2022. The company disclosed on June 1 that it had sold 32 coins for about $2.5 million in late May to fund STRC distributions, a move that rattled a market
Strategy’s STRC preferred stock falls to record low $89 Read More »
US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign that the recovery has lost its institutional bid. Bitcoin funds lost $82 million and ether funds $29 million, SoSoValue data shows. Bitcoin outflows were wide this time around, with even BlackRock’s IBIT shedding $31 million and ARKB down $44 million,
Bitcoin and ether ETFs lost a combined $111 million as interest rate cut hopes died Read More »
XRP’s push toward $1.25 ran into the same problem that has limited every rally since the spring sell-off: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn’t completely undo last
XRP falls 4% below $1.20 after breakout rally stalls near key resistance Read More »
It was the first decision under new chairman Kevin Warsh, who said there had been a rigorous debate before the vote and promised the central bank would deliver price stability. A more hawkish Fed means tighter financial conditions, which tends to drain the liquidity that fuels risk assets like crypto. Stocks took the week’s news
Majors slide on hawkish Fed even as Trump signs Iran deal Read More »
Any recovery in the crypto market is likely to take longer than traders expect because Wall Street investors and advisory firms are now focusing on real-world applications such as tokenization and artificial intelligence rather than direct digital assets, according to Matt Hougan, the chief investment officer of asset-management firm Bitwise. “We’ve lost investor attention to
Many experts share Bilotta’s AI agent view, including Charles Hoskinson, founder and CEO of Cardano’s Input Output, who said that by 2035 they will become more relevant than humans. The macro figures support his position. Data from the US International Trade Administration via Trade.gov shows that business-to-business (B2B) e-commerce across the wider Asia-Pacific region is
From the moment Kevin M. Warsh took the podium for his first news conference as chairman of the Federal Reserve on Wednesday, he sounded less like the head of the central bank and more like a politician. Fresh from presiding over his inaugural policy meeting as head of the world’s most powerful central bank, Mr.
Warsh makes his case with jargon and a penchant for detail Read More »
The entire bitcoin market is worth about $1.2 trillion as of Wednesday. SpaceX, at $2.5 trillion, is worth nearly twice as much, drawing from the same risk budget that flows into crypto — the point ARK made earlier this week when it funded its SpaceX purchases by selling other holdings. The caution is that expectations
Elon Musk’s SpaceX is now worth nearly double bitcoin at $2.6 trillion Read More »
