Bitcoin Briefly Regains $64,000
Bitcoin briefly regained the $64,000 level. As of 3:43 a.m. on June 5, Bitcoin traded at $64,056.40 on Binance's Tether market, down 3.09% from 24 hours earlier.
14 days ago
JH Kim
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Citi Says Bitcoin Spot ETF Outflows May Keep Crypto Sentiment Weak
Citi said flows in and out of spot Bitcoin exchange-traded funds are a key driver of Bitcoin prices, and that investor sentiment in the cryptocurrency market may remain subdued for the time being. CNBC reported on June 4 that Citi analyst Alex Saunde
14 days agoBitcoin Briefly Drops Below $63,000
Bitcoin briefly dropped below $63,000. As of 2:46 a.m. on June 5, the cryptocurrency was trading at $62,996.64 on Binance's Tether (USDT) market, down 4.62% from a day earlier.
14 days agoFed’s Daly Says Similarities to 1990s Don’t Mean Same Economic Outcome
Mary Daly, president of the Federal Reserve Bank of San Francisco, said the US economy may share some similarities with the 1990s, but that does not mean it will produce the same outcome. Markets are closely watching the Federal Reserve’s path for in
14 days agoIsrael Says Hezbollah Fired Rockets at Troops Operating in Southern Lebanon
The Israeli military said Hezbollah fired several rockets at its troops operating in southern Lebanon, prompting market attention to the risk of renewed tensions between Israel and the militant group. Walter Bloomberg reported on June 4 that the Isra
14 days agoUS Stocks Turn Mixed; Nasdaq Falls 0.15%
The three major US stock indexes were mixed. As of 1:41 a.m. on June 5, the Nasdaq Composite was down 0.15% from the previous close at 26,813.50. The Dow Jones Industrial Average was up 1.84% at 51,617.31, while the S&P 500 rose 0.36% to 7,580.92.
14 days agoBarstool Sports Founder Portnoy Says He Won’t Sell Bitcoin, XRP Despite Multi-Million-Dollar Losses
Dave Portnoy, founder of online sports media company Barstool Sports, said he has no plans to sell his Bitcoin and XRP holdings despite paper losses running into the millions of dollars. In a post on X on June 4, Portnoy said he holds sizable amounts
14 days agoRepublican Lawmakers, Led by Lummis, Urge End to Basel’s 1,250% Risk Weight for Digital Assets
Republican lawmakers led by US Senator Cynthia Lummis urged financial regulators to scrap the Basel framework’s 1,250% risk weight for digital assets. The move comes as markets watch whether banks will expand their involvement in crypto-related busin
14 days agoGoldman Sachs Sees US Stock Gains Cooling, Keeps Buy-the-Dip Call
Goldman Sachs said gains in US stocks may moderate after a recent strong rally. Still, it maintained its 12-month overweight call on equities and recommended buying on market pullbacks. Walter Bloomberg reported on June 4 that Goldman Sachs strategis
14 days agoBessent Says Iran Conflict 'Has Been Halted' as Markets Watch Talks
US Treasury Secretary Scott Bessent said the conflict with Iran "has been halted," as markets watch for signs of progress in talks between Washington and Tehran. Walter Bloomberg reported on June 4 that Bessent, commenting on the situation involving
14 days agoIMF Says US Inflation Risks Are Rising, Urges Fed Caution
The International Monetary Fund said inflation risks in the US are rising again and urged the Federal Reserve to proceed cautiously with monetary policy. In financial markets, expectations for interest-rate cuts may recede somewhat. Walter Bloomberg
14 days agoGoldman Sachs Sees SpaceX AI Revenue Reaching $322 Billion by 2030
Goldman Sachs projects SpaceX’s artificial intelligence business will expand about 100-fold by 2030, a forecast that market observers say underpins the company’s massive valuation. Walter Bloomberg reported on June 4 that Goldman Sachs expects SpaceX
14 days agoBitcoin Briefly Drops Below $65,000
Bitcoin briefly fell below the $65,000 level. As of 6 a.m. on June 4, it was trading at $64,987.97 on Binance's Tether market, down 3.88% from a day earlier.
15 days agoTrump Says Iran Is Close to Signing Deal, Would Renounce Nuclear Weapons
President Donald Trump said negotiations between the U.S. and Iran are in their final stages, raising market focus on the prospects for a nuclear deal between the two countries. Walter Bloomberg reported on June 3 that Trump said Iran was close to si
15 days agoPiCKU.S. Stocks Close Lower; Nasdaq Falls 0.89%
The three major U.S. stock indexes closed lower on June 4. The Nasdaq Composite fell 0.89% from the previous session to 26,853.98. The Dow Jones Industrial Average dropped 1.21% to 50,688.43, while the S&P 500 declined 0.71% to 7,555.82.
15 days agoIran Defense Ministry Says It Will Use All Forces to Strengthen Defense
Iran's Defense Ministry said it will use all available forces to strengthen the country's defense capabilities, as markets monitor the risk of rising military tensions between the U.S. and Iran. Walter Bloomberg reported on June 3 that the ministry s
15 days agoCharles Schwab Says Bitcoin Weakness Stems From Fading Momentum, Not Saylor Selling
Charles Schwab said Bitcoin’s recent weakness is being driven by fading market momentum rather than selling by Michael Saylor. Investors are increasingly watching shifts in capital flows across the crypto market. CoinDesk reported on June 3 that Char
15 days agoFed Beige Book Says US Economy, Prices Rose as Energy Inflation Spread
The Federal Reserve said the US economy continued to grow at a modest pace in recent weeks, while price pressures also increased. Markets are focused on whether higher energy prices tied to the Middle East conflict could help reignite inflation. The
15 days agoRaoul Pal Says Bitcoin Has Outperformed Nasdaq 100 Since 2022 Liquidity Low
Raoul Pal, founder of Real Vision, pushed back against claims that cryptocurrencies have underperformed technology stocks, arguing that Bitcoin has delivered stronger returns than the Nasdaq 100. The debate over fund flows into digital assets has int
15 days agoRubio Says Greenland Is ‘For Now’ Part of Denmark
U.S. Secretary of State Marco Rubio said Greenland is, "for now," part of Denmark when asked about the territory’s status. Investors are watching U.S. Arctic strategy and diplomatic moves involving Greenland. Walter Bloomberg reported on June 3 that
15 days agoUS Stocks Turn Lower; Nasdaq Falls 0.84%
The three major US stock indexes were trading lower. As of 2:54 a.m. on June 4, the Nasdaq Composite was down 0.84% at 26,865.71. The Dow Jones Industrial Average fell 0.83% to 50,882.45, while the S&P 500 declined 0.55% to 7,568.18.
15 days agoBessent Says Treasury Is Pursuing Strategic Bitcoin Reserve, Sees CLARITY Act Passing This Summer
Treasury Secretary Scott Bessent said the US is pursuing a strategic Bitcoin reserve and expressed hope that the CLARITY Act will pass this summer. The comments are drawing attention to the direction of US digital-asset policy. The Block reported on
15 days agoPiCKStrategy Preferred STRC Falls Below Par, Deepening Concern Over Bitcoin Buying Strategy
Strategy’s perpetual preferred stock, STRC, has fallen below par, adding to concerns about the company’s Bitcoin-buying strategy, Decrypt reported. Investors are focused on whether Strategy can sustain its leverage-driven BTC accumulation model. Decr
15 days agoSolayer Launches On-Chain Perpetual Futures Platform
Solayer, a Solana Virtual Machine-based Layer 1 blockchain behind the LAYER token, has launched an on-chain perpetual futures trading platform, a move that could intensify competition in the on-chain derivatives market. Crypto news outlet The Block r
15 days agoBitcoin Briefly Drops Below $66,000
Bitcoin briefly fell below the $66,000 level. The cryptocurrency was trading at $65,872.50 on Binance's Tether market as of 1:10 a.m. on June 4, down 2.45% from a day earlier.
15 days agoEU to Fully Enforce MiCA From July 1, Ban Unlicensed Crypto Firms
The European Union’s Markets in Crypto-Assets regulation, or MiCA, will take full effect on July 1, with unlicensed crypto firms set to be barred from operating. The move is drawing attention to the possibility that some companies that fail to secure
15 days agoxAI Pauses Hiring for Grok Training Specialists
Elon Musk's artificial intelligence company xAI has temporarily paused hiring specialists responsible for training its Grok chatbot, in a move that has drawn attention to shifts in the company's staffing strategy. Walter Bloomberg reported on June 3
15 days agoBitwise Says Bitcoin Fair Value Could Reach $224,000 as Sovereign Default Hedge
Bitcoin’s theoretical fair value could reach $224,000 if it gains acceptance as a hedge against sovereign bond default risk, according to a new analysis. The view reflects a broader market argument that Bitcoin’s role could expand beyond digital gold
15 days agoBessent Says Inflation Will Be a Short-Term Blip
US Treasury Secretary Scott Bessent said recent inflation pressures are likely to be temporary, as markets assess the outlook for prices and monetary policy. Walter Bloomberg reported on June 3 that Bessent said inflation would be a "short-term blip.
15 days agoU.S. Stocks Close Higher; Nasdaq Adds 0.03%
The three major U.S. stock indexes ended higher on June 3. The Nasdaq Composite rose 0.03% from the previous session to close at 27,093.90. The Dow Jones Industrial Average gained 0.45% to end at 51,308.46, while the S&P 500 advanced 0.13% to 7,609.9
16 days ago