Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.
Closely-watched crypto trader Arthur Hayes has warned of a looming "financial crisis" that he expects to unleash fresh Federal Reserve stimulus
Since President Trump won the U.S. election, bitcoin has jumped from $66,000 to new all-time highs of $109,000. During the rally BTC corrected as much as 15% twice, in addition to multiple double-digit drawdowns. Therefore, bitcoin's 10% drop seems in line with previous drawdowns.
Bitcoin's perpetual futures funding rates, periodic payments made between long and short positions in perpetual futures contracts, have flipped negative, according to data source Velo Data. It's a sign of more bearish sentiment in the market - traders are chasing short positions in anticipation of lower prices.
A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge
Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping up to 4% on Jan. 27, reflecting tumbling stocks futures. In so doing, Bitcoin gave up the $100,000 mark once more, reaching ten-day lows.
Hopes that bitcoin can be a useful hedge from market turmoil are once again being dashed. The crypto currency is diving 4% to relinquish the $100K level as the sector is caught up in the broader market's risk off mood.
Poland now ranks fifth globally in crypto ATMs, surpassing El Salvador, with 219 active machines after a four-month installation spree.
Dow, S&P 500 and Nasdaq futures are also dropping Thursday as tech stocks fall amid fears over China's DeepSeek AI.
Bitcoin was leading a fall in cryptocurrencies as investors turn cautious amid uncertainty over U.S. President Donald Trump's policies and ahead of a busy week on the economic calendar. Trump on Sunday threatened a 25% tariff on goods imported from Colombia.
Rosseti Group aims to boost Bitcoin mining operations using underutilized power centers to increase tariff revenue and economic growth.
Bitcoin hit a new high as President Donald Trump made big moves after his inauguration—like freeing Silk Road founder Ross Ulbricht.