Hedge funds bolstered their bitcoin portfolios amid market turmoil on Monday. FalconX Research Boss Says Investors Are Betting Bitcoin Will Become Digital Gold As traders predict the price of Bitcoin will reach $100,000 by the end of the year, they have boosted the cryptocurrencies. Institutional investors scooped up bitcoin in droves during Monday's market turmoil, … Read more
The yen carry trade, the catalyst for the recent market turmoil, has not abated, JP Morgan said. All eyes turned to the Fed and the US election. Crypto Liquidity Protocol Orderly and Volmex Labs Focus on What's Next Since their dramatic fall on Monday, Bitcoin and Ether have rallied 21% and 19%, respectively. In the … Read more
Political memecoins are going down. The focus shifted to what would please the audience – beautiful, often humorous, images of animals. Memecoins, modeled after US election candidates that once traded with market values of hundreds of millions of dollars, are now failing to attract attention. Tokens bearing the names of Donald Trump, Joe Biden and … Read more
Donald Trump Jr. teases a family crypto project that is 'much bigger' than another memecoin. He dismissed rumors of a Trump family memecoin. He hinted at a much larger crypto project aimed at disrupting traditional banking. The Trump dynasty is diving deep into crypto. Donald Trump Jr. has hinted that the former president's family is … Read more
Bitcoin is still reeling from Monday's price collapse, but experts see positive signs for the market. August has historically been Bitcoin's worst-performing month. Bitcoin suffered its biggest price correction of the year, falling 30% on Monday amid a broader drawdown in global markets. Geopolitical tensions in the Middle East and fears over economic policy changes … Read more
Bitcoin miners are turning some of their computing power over to AI. Skeptics argue that this is a mistake because AI and Bitcoin mining are very different businesses. Bitcoin miners must commit to mining Bitcoin. According to Elliott Chun, a partner at crypto finance strategy firm Architect Partners, Bitcoin miners have argued against efforts to … Read more