Wall Street rotated out of semiconductors into the broader equity market this week, the equal-weight S&P 500 hit an all-time high, and not a dollar of it found its way into crypto. Dogecoin fell 9.6%. HYPE lost 9.9%. Bitcoin dropped 5.3% to $60,345 after testing $58,800 on Friday before recovering…
Ripple CEO Brad Garlinghouse went on CNBC Friday to separate two things the market has been treating as one: Bitcoin the asset, which he says he remains bullish on, and Michael Saylor's preferred stock accumulation model, which he says has hurt the broader crypto market. "Financial engineering does…
ARK Invest founder Cathie Wood said on X that capital outflows from relatively unstable countries worldwide could provide new upward momentum for Bitcoin and other digital assets.According to Odaily, Wood said artificial intelligence is leading a technological revolution and is drawing significant…
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.08T, up by 1.53% over the last 24 hours.Bitcoin (BTC) traded between $58,500 and $60,583 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $60,415, up by 1.77%.Most major cryptocurrencies by m…
Layoffs in the crypto sector have continued during the Bitcoin bear market, while industry mergers and acquisitions have hit a new high, including a $9.37 billion purchase by traditional financial institutions for crypto infrastructure and compliance licenses.According to PANews, the deal activity…
Brad Garlinghouse, CEO of Ripple, labeled Michael Saylor’s leveraged Bitcoin model a “damning indictment”, pointing to MicroStrategy’s preferred stock, which is trading well below its $100 par value.Garlinghouse reiterated his long-term bullishness on Bitcoin BITSTAMP:BTCUSD, but drew a clear line…
Ripple CEO Brad Garlinghouse has openly challenged Strategy Chairman Michael Saylor’s Bitcoin buying model, stating that financial engineering cannot replace real-world utility.His comments come while Strategy continues to accumulate more bitcoin, even when Bitcoin continues to fall close to $58,00…
Bitcoin’s latest pullback was not driven by a single headline. Instead, traders were hit by a cluster of pressure points at the same time: weakness in global technology stocks, another heavy day of spot Bitcoin ETF redemptions, a sharp leverage flush, and a large monthly options expiry that kept th…
Ripple CEO Brad Garlinghouse said in a CNBC interview on Friday that Strategy’s approach to financing Bitcoin purchases relies on financial engineering that he believes cannot create long-term value.According to Odaily, Garlinghouse said the long-term value of digital assets should ultimately be dr…
Jeremy Grantham, the GMO co-founder known for calling past market bubbles, warned that an AI bubble has pushed US stocks to their most expensive levels in American history and could set up a decline of as much as 70%.The veteran strategist made the remarks on CNBC, and his core advice was blunt. He…
Strategy briefly lost the premium that investors assigned to its bitcoin holdings on Friday, with its enterprise mNAV, a metric comparing the company's overall market value with the value of its BTC, slipping below parity.It happened as Strategy's common shares (MSTR) fell to a recent low of $82.16…