As we had forecast, one of our Top Trends for 2026 is a Dot-com Bust 2.0, and now that reality is hitting The Street. Yesterday, U.S. equities plunged as the Wall Street gambling gang could no longer ignore the reality of how artificial intelligence will overtake human intelligence in many business sectors.
U.S. equity markets posted their worst week since last November, despite an encouraging inflation report and an economy that grew more jobs than many had expected.
Bitcoin, the world’s most popular cryptocurrency, came out limping after last week’s tech selloff, falling below $67,000, as industry insiders acknowledge that “sentiment has deteriorated sharply.”
Stock prices sank on Tuesday, Wednesday, and Thursday last week as investors showed new concerns about whether massive investments in artificial intelligence (AI) will ever return a profit.
From 7 October through 18 November, investors yanked $1.2 trillion out of the crypto market as their concerns rose over the short-term future of risky assets.
President Donald Trump billed himself as the country’s first pro-crypto leader, and his sons are reaping the benefits—this time with a bitcoin mining company that was just listed on the Nasdaq Stock Market last week that saw its shares pop by about 17 percent—after jumping by as high as 110 percent on the day.
U.S. President Donald Trump’s little boys, Don Jr. and Eric, are moving fast to cash in on their father’s influence in cryptos and have been trying to come up with a few acquisitions in Asia so they can create a BTC reserve like Michael Saylor’s Strategy.
Since early 2023, Bitcoin has obviously led the way in terms of recovery from a particularly bleak “crypto winter” period. But is the recent renewed interest and price appreciation of Ethereum just a regular sign of a bull run “altcoin season”, or is something more happening?
U.S. equity markets have climbed from record high to record high this year, with the Standard & Poor’s 500 index setting nine new records this month and the NASDAQ 13.
U.S. President Donald Trump’s rise as a major bitcoin and crypto enthusiast has been widely celebrated by the industry since the world’s most powerful person is in its corner, but there are some crypto enthusiasts worried that Trump’s vocal embrace will end up hurting crypto.