Category: Other Crypto News

How low Will Bitcoin Price go if $60K Support Fails?

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Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level. How low can Bitcoin go if it breaks below $60,000? Key takeaways: Bitcoin is testing its 200-week SMA near $61,800, a level that has historically acted as major cycle support. Analyst says $55,000 may be…

Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive

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Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from…

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

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Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep unrealized losses tied to its large-scale bet on the token. The deposit to Coinbase Prime does not necessarily confirm an immediate sale but is commonly interpreted as a precursor to trading activity, particularly for institutional…

Bitcoin Faces Pressure As Investors Rotate Capital Into AI: Saylor

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Dogecoin Has Entered A Historically Red Month And The Result Could Be Catastrophic

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In the 13 years that Dogecoin has been in existence, it has seen some interesting trends across various months. However, each month has had its fair share of greens and reds, but the month of June has mostly defied this. With Dogecoin mostly ending June in the red over the years, the odds of this repeating itself again are high, as this report takes a look at the numbers. June Is The Worst Month For Dogecoin Dogecoin’s historical performance in June has been nothing short of disappointing, with more red…

Bitcoin In Vulnerable Position As 2022 Setup Repeats –$54K Next?

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While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading Bitcoin Tags Key 200‑Week SMA After Four Years After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support. The flagship crypto had been trading between $64,000-$82,000 since the early February crash, holding above the upper half of the range for…

Crypto Billionaires Bankroll Reform UK in First-Quarter

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Nigel Farage’s Reform UK received 7 million British pounds ($9.4 million) from two crypto billionaires this year, with total funds raised outstripping all other political parties. The party received a $4 million donation from Christopher Harborne, who has a stake in the stablecoin issuer Tether, and a $5.4 million donation from Ben Delo, the co-founder of the crypto exchange BitMEX, according to Electoral Commission data released on Thursday. The Labour and Conservative parties each received around $5.4 million in the first quarter of the year.  Reform UK has pitched itself…

Strategy’s Bitcoin Model Under Pressure, Grayscale Warns

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Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale. “The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,” said Zach Pandl, Grayscale’s head of research, on Thursday.  Michael Saylor’s Strategy sold 32 BTC on Monday, a tiny fraction of its total holdings of 843,706 BTC, but enough to rattle market sentiment as the asset has tanked by 16% since the sale.  Strategy also sold $128 million worth…

HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges

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HYPE is trading above $60 despite the recent market selloff that has dragged most crypto assets to significant losses over the past several days. The relative strength is notable — but Arkham Intelligence data has revealed a series of institutional-scale transactions in the past several hours that transform the price resilience from an interesting observation into a documented behavioral signal. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels Three new wallets withdrew a combined 557,406 HYPE tokens worth approximately $40.2 million from Kraken eight hours…

AI Could Soon Train and Improve Itself Anthropic Says

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US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input, and recommends a slowdown in development. In a blog post published Thursday, Marina Favaro, lead at the Anthropic Institute, and Anthropic co-founder Jack Clark said agents can already run code themselves, delegate hours of work to other agents and could be on the cusp of taking over completely. “For most of AI’s history, humans drove every step in its development cycle. But at Anthropic, we…