Bitcoin News

Bitcoin News

Markets

Bitcoin hits Power Law level low that historically precedes a rebound

The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.

Power Law (Checkonchain)

Finance

Franklin Templeton says Wall Street fears blockchain because it threatens its profits

Jenny Johnson, Franklin Templeton's CEO, said blockchain and crypto threaten a huge number of business models that exist today in traditional finance.

Adam Back and Jenny Johnson (Olivier Acuna/CoinDesk)

Markets

Prediction market traders bet bitcoin's selloff has further to run

Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.

A bear cools itself, lying on its back in shallow water. (Unsplash, mana5280)

Markets

Bitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crash

The jump signals return of fear after two months of calm market sentiment.

Fear. (Jacqueline Gozzard/Unsplash)

Markets

Bitcoin's slide to $66,000 is accelerating a shift into digital dollars

The crypto market is seeing a capital flight into dollar-linked stablecoins even as stocks and the Dollar Index remain calm.

(CoinDesk archives)

Tech

Bitcoin’s hash rate dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder

Ala Shaabana explains how using Bitcoin network’s coordinate-and-reward playbook can bust open corporate monopolies on AI.

Bittensor co-founder Ala Shaabana (Olivier Acuna/CoinDesk)

Markets

Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says

The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too high.

Ship on turbulent waters. (Pixabay)

Finance

Bitcoin faces an 'identity crisis' and DeFi devs need to stop acting like tech bros

Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.

Ben Nadareski (Olivier Acuna/CoinDesk)

Markets

Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.

Tom Lee and Michael Saylor at Consensus (CoinDesk)

Markets

Live markets: bitcoin loses $67,000 level in Tuesday plunge, putting February's lows back in play

Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).

Bear. (geralt/Pixabay