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Crypto pundit Ash Crypto has drawn attention to speculations about how institutions could be crashing the Bitcoin price on purpose. This comes as the Bitcoin ETFs continue to record massive outflows, which have caused this latest decline for the leading crypto. Pundit Highlights Speculations Of Institutions Purposely Crashing Bitcoin Price In an X post, Ash Crypto claimed there were rumors that institutions are purposely crashing the Bitcoin price so they can buy at lower prices before the Clarity Act is signed into law. The pundit noted that a similar pattern had played out in August 2022, when BlackRock filed for a private Bitcoin trust, and BTC later dropped about 36% before forming a bottom. Related Reading: What To Expect For The Bitcoin Price By EOY 2026 Following that, BlackRock then filed for a spot Bitcoin ETF, and the Bitcoin price later surged by 95%. Ash Crypto noted that BTC hit a new high in January 2024, when spot ETFs were approved. He added that insider institutions
Read full articleHelium founder Amir Haleem has stepped down as chief executive of Nova Labs after HNT’s price suffered a steep multi-year decline and the company sold its consumer mobile business. According to Haleem’s announcement on X, Mario Di Dio has taken…
Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.
Cardano analytics platform TapTools has announced that it is shutting down, providing a major blow to the ADA ecosystem. This comes amid allegations that the network is a ‘Zombie Chain’ with low user activity. Cardano’s TapTools Announces It Is Winding Down In an X post, TapTools announced that they are preparing to wind down their […]
Bitcoin price has fallen below $60,000 after a stronger-than-expected U.S. jobs report prompted traders to scale back expectations for Federal Reserve rate cuts and price in a higher probability of policy tightening later this year. According to data from crypto.news,…
Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Stablecoin On The Move Tether’s USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion. Schiff, the economist and longtime Bitcoin critic, says the numbers point to an inevitable outcome. “The market cap of Tether will soon surpass the market cap of Ethereum,” Schiff wrote on X. “It will eventually surpass the market cap of Bitcoin, too. The only question is how long it will take.” USDT has become a dominant tool for moving money across crypto markets, and its reach now extends into payments, remittances, and digital dollar transfers — a trend he says supports his case. USDT holds
Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?
Gold has lost part of its old safe-haven image as its price action now moves closely with risk assets such as Bitcoin and the S&P 500, according to economist Robin Brooks. According to Brooks, gold no longer behaves like the…
SpaceX's Bitcoin gains highlight the growing trend of corporate crypto investments, potentially influencing future IPO valuations and strategies. The post SpaceX reveals $1B in Bitcoin gains in S-1 filing appeared first on Crypto Briefing.
