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A heavy wave of US Treasury issuance, a $250 billion IPO pipeline, and a shift in big tech cash toward AI spending are among the pressures Jamie Coutts says could keep markets tight for a while longer. The Real Vision chief crypto analyst still thinks Bitcoin buyers in the $60,000s may be getting a rare long-term entry point, even if the market has not fully washed out yet. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst The Pressure Building Coutts framed the recent drop as part of a broader reset, saying Bitcoin has already fallen about 50% from its highs and that the move fits past bear-market swings on a volatility-adjusted basis. He stopped short of calling the bottom, however, and said another leg lower is still possible before the market steadies. His view rests less on Bitcoin itself than on the state of global money flows. He pointed to a crowded IPO market pulling in capital, large technology firms reducing buybacks as they pour cash int
Read full articleCrypto ETF flows remained broadly negative on Wednesday, June 3, as bitcoin and ether funds extended long outflow streaks. HYPE ETFs were the lone bright spot, drawing fresh capital even as the wider market moved into risk-off mode. HYPE ETFs Add $2.99M While Bitcoin and Ether Outflow Streaks Deepen The pressure that began in bitcoin […]
Bitcoin trades near $63K as ETF and MSTR accumulation tops 1.24M BTC, with $59,800 support and $53K cost basis in focus. Bitcoin sell pressure has returned to focus after BTC moved back near levels seen in March 2024, despite large ETF inflows and steady MSTR accumulation. Market analysts are now tracking whether the latest decline […] The post Bitcoin Sell Pressure Mounts Despite Massive ETF And MSTR Accumulation Wave appeared first on Live Bitcoin News.
Asana has launched an AI personal assistant that can track various data sources to alerts users when a work project runs into problems and recommends next actions. It’s one of a range of product announcements made Thursday at the company’s Work Innovation Summit in London, including updates to its existing AI teammates product. These follow Asana’s recent acquisition of AI workflow automation software vendor StackAI for $75 million. Asana Dash is described as an “AI chief of staff” that can help users stay up to date on work projects by accessing information in Asana as well as across email, calendar and team messaging apps, said Arnab Bose, Asana’s chief product officer. “Keeping people in their ‘zone of genius’ and hooking up all of these unstructured signals to the structure of Asana — that’s what Dash does best,” said Bose. The AI assistant can access the same Asana project information as the user, and can flag when problems occur that could push a project off-track. Dash can then
HYPE made DeFi history by cracking the top 10, while XRP extended its unmatched 13-year streak among the market's biggest cryptocurrencies.
IAIFI enters its second phase with increased funding, broader ambitions, and a growing community at the frontier of AI and fundamental physics.
Bitcoin (BTC) has fallen into bear-market territory after a sharp overnight selloff, while Michael Saylor framed the decline as a temporary capital rotation into artificial intelligence rather than a loss of confidence in the asset. Strategy Executive Chairman Michael Saylor…
Coinbase has funded the first Fannie Mae-insured mortgage in the U.S. using Bitcoin-backed collateral, bringing digital assets into a part of the housing finance market traditionally dominated by cash savings and bank deposits. According to Coinbase, the transaction was completed…
Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the larger role in the market’s decline. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The […]
