Bitcoin began the year by hitting a new all-time high of $109,588 on January 20, ending with a return of over 11.00% in the month. According to Bitcoin’s historical data, BTC generally yielded the third-highest returns for traders in February, averaging 15.66%. Traders could expect an optimistic boost in the next month.
The crypto market has increased by 0.4% to $3.57 trillion over the last 24 hours but is still 1.4% below last week's levels. Cryptocurrencies are slowly and rather erratically climbing out of the dip they fell into on Monday. The market remains sensitive to negative news but is recovering cautiously, avoiding excessive optimism.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.
As attention on Chinese startup DeepSeek and its artificial-intelligence model led to a $1 trillion wipeout in the U.S. stock market on Monday, shares of bitcoin miners with exposure to artificial intelligence also tumbled.
Bitcoin and the crypto market saw a massive drop earlier this week, with over $1 billion liquidated in a single day. Is this the start of a bearish phase, or just a temporary pull back? A major shake-up in the AI sector may have played a role,
Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.
Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.
DeepSeek spooked US markets on news that the model’s developers were able to produce a worthy competitor to American AI firms like OpenAI at a fraction of the cost. The firm claims it was able to develop its AI model on a shoestring budget of just under $6 million using less advanced hardware from semiconductor manufacturer Nvidia.
According to their latest 13F filings, some billionaires have been selling their Nvidia shares. Millennium Management's Israel Englander reduced his position in Nvidia by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo trimmed his stake in Nvidia by 27.7% in the third quarter.
Bitcoin (CRYPTO: BTC) may have found a new friend in town, as Fed Chair Jerome Powell took a surprisingly open stance on crypto assets during his
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.