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.”
Tag: bitcoin
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LAST WEEK: A STUMBLE, THEN A BOUNCE TO A NEW RECORD
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.
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CRYPTO MARKET HAS LOST $1.2 TRILLION IN SIX WEEKS
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.
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TRUMP’S FAMILY SEES NEW CRYPTO WINDFALL AFTER BITCOIN-MINING COMPANY’S LISTING
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.
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TRUMP’S SONS LOOK TO ASIA FOR ACQUISITIONS IN EFFORT TO DEVELOP BITCOIN RESERVE
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.
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WHY IS ETHEREUM THE “NEW” OLD CRYPTO WUNDERKIND?
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?
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U.S. STOCK MARKETS: TOO MUCH OF A GOOD THING?
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.
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BITCOIN GOES FULL MAGA, AND SOME ADVOCATES AREN’T THRILLED
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.
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TRUMP’S SONS TALK AT BITCOIN CONFERENCE, TAKE AIM AT TRADITIONAL BANKS
Eric Trump and Donald Trump Jr., were two of the marquee guests at last week’s bitcoin conference in Las Vegas and spoke about the promise of cryptocurrencies—just as their family has taken a major stake in the industry that has raised ethical concerns.
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TRUMP’S MEDIA COMPANY ANNOUNCES PLAN TO RAISE $2.5B TO BUY CRYPTO
Trump Media & Technology Group announced last week that it struck a deal to raise $2.5 billion in capital to buy cryptocurrencies as U.S. President Donald Trump and his family continue to increase their exposure to bitcoin and other digital currencies.