Bitcoin saw a key rejection at local highs before reversing lower, moving with stocks for a second day as US-Iran war downside took its toll.
Moonshot's Kimi K3 took the top spot in frontend coding away from Claude and OpenAI, and it's free. Semiconductor stocks fell, and crypto fell with them.
Bitcoin fell below $63,000 on Friday as a global chip-sector selloff erased gains from this week's softer inflation data. Nasdaq 100 futures dropped 1.91%, S&P 500 futures slipped 0.96%, Japan's Nikkei fell 4% and gold climbed above $4,000.
While geopolitical tensions are pressuring bitcoin BTC$63,283.79 and the broader crypto market, a compelling data point has surfaced, highlighting the side effects of this year's AI frenzy.
Real estate mogul Grant Cardone said Cardone Capital added another 10.5 BTC from July property cash flow, bringing his total keep somewhere around 2,700 BTC.
Some two-thirds of the coins moving onto exchanges are long-term holders taking losses, as a macro risk-off drags on Bitcoin's price.
Nasdaq 100 futures fell roughly 2% as semiconductor stocks sold off on AI valuation doubts. Bitcoin dropped in tandem, highlighting persistent crypto-tech NASDAQ futures tumble as chip rout deepens, dragging Bitcoin along for the ride.
BTC's capped in a tight range amid Strait of Hormuz drama, but liquidations are piling up at a sensitive level.
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 it reached on this week's soft inflation print.
Bitcoin Japan has unveiled a comprehensive financing strategy targeting approximately 9.66 billion yen, equivalent to roughly $59.5 million in fresh capital. This fundraising round earmarks 662 million yen specifically for the company's inaugural Bitcoin treasury acquisition following its strategic corporate transformation.
Crypto fell as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though a technical measure hints at oversold conditions heading into the weekend.
Bitcoin Japan Corporation plans to raise $60M through bonds, allocating $4.08M for Bitcoin treasury purchases as Japan's corporate BTC trend accelerates. Bitcoin Japan Corporation raises $60M, allocates $4M for BTC purchase.