Bitcoin’s Price Drops Below $60K for the First Time Since October 2024
The cryptocurrency market continues to suffer. Over the past 24 hours, Bitcoin’s price has fallen by a considerable 5.5%. More notably, it dipped below the coveted $60,000 level for the first time since October 2024. Source: TradingView As CryptoPotato reported earlier, the move reflects a broader market downturn where altcoins are...
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Bitcoin Just Dropped Below $73K
Bitcoin just fell below $73K live, hitting $72.7K as Ivan explains the pattern. This is a textbook downtrend: lower high after lower high after lower high. Ivan flagged the bear market signal back on October 8th. If you want calm, data-based crypto analysis, this channel is for it. [Full...
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House Committee unveils crypto tax plan that could reshape DeFi
The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. According…...
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‘Saylor Better Lawyer Up Fast,’ Peter Schiff Says: Retirees ‘May Have to Come Out of Retirement’
Peter Schiff fired at Strategy Inc. (NASDAQ:MSTR) on Friday, warning that retirees who put savings into STRC (NASDAQ:STRC) have already lost over 7% as the preferred stock trades at $92.62, well below its $100 par value target. STRC Broke Its 10-Month Rising Trendline As Bitcoin Bleeds “Saylor better lawyer...
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Arizona Public Service proposes 45% rate hike for data centers, 15% for households
The proposed rate hikes could deter data center investments in Arizona, impacting the state’s tech growth and economic landscape. The post Arizona Public Service proposes 45% rate hike for data centers, 15% for households appeared first on Crypto Briefing....
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May jobs report crushes expectations with 172,000 new positions, complicating Fed rate cut hopes
The unexpected job growth complicates monetary policy, potentially delaying rate cuts and impacting investment strategies across sectors. The post May jobs report crushes expectations with 172,000 new positions, complicating Fed rate cut hopes appeared first on Crypto Briefing....
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Meta is building data centers in tents to slash costs and accelerate AI infrastructure
Meta’s tent-based data centers highlight a shift towards rapid, cost-effective AI infrastructure, but raise concerns about reliability and resilience. The post Meta is building data centers in tents to slash costs and accelerate AI infrastructure appeared first on Crypto Briefing....
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Hot jobs data strengthens the dollar and crushes crypto’s rate-cut hopes
The robust jobs data diminishes rate-cut prospects, strengthening the dollar and pressuring crypto, highlighting economic resilience. The post Hot jobs data strengthens the dollar and crushes crypto’s rate-cut hopes appeared first on Crypto Briefing....
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Anthropic urges top AI labs to slow development over self-improvement risks
Anthropic calls for a coordinated pause in frontier AI development as it warns recursive self improvement could outpace oversight. The post Anthropic urges top AI labs to slow development over self-improvement risks appeared first on Crypto Briefing....
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Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets....
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