Cameron Winklevoss says the AI Trade cycle has ended, suggesting investors may rotate capital toward Bitcoin and Zcash as technology valuations face pressure. Asian stock markets suffered heavy losses, with the Kospi falling 10.84% after semiconductor concerns and China's AI advances affected investor sentiment.
Michael Saylor says Bitcoin can grow 100-fold and become the foundation of global capital, but warns changes to consensus rules could threaten scarcity, security, and the network's long-term value. Bitcoin's Success Brings a New Fight Over Its Rules Strategy Inc.
Traders are divided on whether the Fed will hike rates, but analysts said crypto may be less exposed than AI-driven tech stocks.
Bitcoin fell below $64,000 on Tuesday as traders reduced risk before the Federal Reserve's interest-rate decision, while ETF outflows and leveraged liquidations added to selling pressure. Bitcoin price falls below rising trendline According to data from crypto.
Saylor's stance underscores the tension between Bitcoin's immutability and innovation, impacting its future governance and investor confidence. Strategy's Michael Saylor calls Bitcoin code a constitution, warns against changes.
Bitcoin experienced a sharp sell-off on Tuesday, briefly dropping to an intraday low of $62,684 before partially recovering to trade around $63,600. Bitcoin Pulls Back Ahead of Pivotal Macro Week A day after near-flat price action, bitcoin tumbled Tuesday, briefly slipping below $63,000 as it braced for the summer's most event-heavy week.
The Strategy chairman's latest thread extends his war far beyond BIP-110: now covenants, larger blocks, and any base-layer change are all the same "constitutional offense."
Bitcoin price falls to $63,000, but whale accumulation, ETF inflows, and lower exchange supply keep the market setup constructive.
Hyperscale Data's Bitcoin strategy highlights a trend of tech firms leveraging cryptocurrency for financial flexibility and strategic growth. Hyperscale Data buys additional 18.59 Bitcoin, totaling 1,106.04 BTC.
In my analysis last week, I warned that Bitcoin's bullish move would only be valid if the price managed to consolidate above the daily resistance and confirm a breakout above the 200-week EMA. I also warned investors not to rely too heavily on the ETF inflows, as although purchases continued on a daily basis, their volume was gradually decreasing.
Tokyo-listed Metaplanet Inc., one of the world's largest public corporate holders of Bitcoin, is progressing efforts to develop credit instruments supported by its cryptocurrency reserves.
Apple's tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fake crypto wallet, adding to a growing list of malicious wallet apps that have reached users despite the company's screening process.