ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test.
The post Three key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders appeared first on CryptoSlate .
Bitcoin Magazine
Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act
The pro-crypto senator is the latest to come out and try to get the bill over the line.
This post Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Microsoft reported $90 billion in fiscal fourth quarter revenue on Wednesday, beating analyst estimates of $87.72 billion, as Azure cloud revenue grew 43% and lifted adjusted earnings to $4.74 per share. The print landed while Bitcoin trades roughly 50% below its record high. That gap leaves traders to judge whether an accelerating AI cycle in
The post Microsoft Crushes Q4 as Azure Growth Fuels AI Boom, How Should Traders Position? appeared first on BeInCrypto .
A group of 12 county commissioners voted unanimously to ban mining facilities and data centers in unincorporated areas as it deals with a lawsuit by a digital asset company.
New research outlines a cryptographic approach that could allow Bitcoin and other blockchain wallets to remain compatible with existing addresses in a post-quantum future.
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
The post “There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying appeared first on CryptoSlate .
Bitcoin Magazine
Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged
The leading cryptocurrency didn't move much — and it wasn't clear what the Fed will do next.
This post Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
The Federal Reserve held interest rates steady on Wednesday, but three policymakers voted to raise them. Bitcoin and gold both climbed within minutes of the announcement. The split vote is the most contested outcome of Kevin Warsh’s short tenure as chair. Interest rate swaps then pulled back from a fully priced September increase. Why the
The post Bitcoin and Gold Jump After Fed Rate Hold Splits FOMC 9 to 3 appeared first on BeInCrypto .
Bitcoin Magazine
Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report
Lawmakers — mostly Democrats —are still pushing for changes to the long-awaited bill.
This post Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders.
The post Hyperscale Data sits on $71 million in Bitcoin with a $56 million market cap – Here is why its not a bargain appeared first on CryptoSlate .
The Q2 split favored colocation, although management did not say conversion had become compulsory.
The post Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting appeared first on CryptoSlate .
Bitcoin Magazine
Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill
The Clarity Act has stalled so far this year partly because of the banking lobby.
This post Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .