Cryptocurrency Price Movements Today: Bitcoin Drops Below $65,000 Amid U.S. Selling Fears
Bitcoin's price fell after investors speculated about a sale by the U.S. government.
Bitcoin's price fell after investors speculated about a sale by the U.S. government.
Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.
Moscow tried to tackle its financial needs by shifting over to ally currencies, but struggled to skirt the threat of secondary sanctions due to the use of dollars and euros globally.
Earnings reports from Big Tech names like Microsoft (MSFT), Meta (META), and Amazon (AMZN) are on deck this week, potentially giving more insight into how the tech sector will play out as the market sees a rotation into smaller-cap names. JPMorgan US head of investment strategy Jake Manoukian joins Morning Brief to give insight into Big Tech earnings and what investors need to know about the tech sector going forward. Manoukian believes that while the initial AI hype might be decreasing for some, the market is still witnessing the early innings of AI development: "What gives us comfort as investors is these companies, these hyperscalers are driving this investment through cash flow. This is very different than the kind of internet boom in the 2000's when companies had to take capital from investors, take capital from the bond market to build out the internet. AI cap-ex from the for biggest hyperscalers is going to be $200 billion this year. Last year they did $270 billion in free cash flow." The analyst believes this balance will allow companies the "wiggle room to actually build the ballpark" of AI. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
A newly published white paper is causing a stir on Wall Street and in Washington by accusing the Treasury Department of conspiring to boost the economy for political ends, and of risking a revival of inflation in the process.
Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment.
Pantera Capital’s compensation survey finds that, based on median base salaries, women earn 15% more than men. One possible explanation: they often have more experience than their male counterparts.
The growth proxy ETF may see a volatile week as tech giants report quarterly results.
The sports gambling company faces a class action lawsuit alleging its NFTs are securities.