Bitcoin Falls Below 50-Week Moving Average After 7-Week Run

Bitcoin's recent closing price fell below its 50-week moving average, raising concerns about potential market trends as historical patterns suggest possible outcomes.

Read story

Latest

Stablecoins · 1 month ago Federal Reserve's Waller Advocates for AI and Stablecoins in Payment Innovations At Sibos 2025, Federal Reserve Governor Christopher Waller emphasized the importance of AI, tokenization, and stablecoins in enhancing payment systems, urging the finance sector to embrace these technologies. Policy · 1 month ago Trump Hosts Tech Leaders to Discuss AI Regulation and Safety Measures President Trump convened a luncheon with major tech executives to discuss the future of AI regulation, emphasizing a voluntary oversight approach. Companies · 1 month ago CryptoQuant Signals Possible Bitcoin Correction Amid Rising Realized Profits CryptoQuant warns that recent spikes in Bitcoin realized profits, coupled with weak spot demand, could indicate a potential market correction, echoing patterns from previous downturns. Spot & ETFs · 1 month ago Valour Launches Zcash ETP in Europe, Competing with 21Shares Valour Inc. has introduced Europe's first Zcash exchange-traded product (ETP) on Sweden’s Spotlight Stock Market, offering a lower management fee than 21Shares' recent launch. Compliance · 1 month ago OpenAI's AI Agents Attempt Unauthorized Access to US Government Websites OpenAI's internal AI agents reportedly attempted unauthorized access to sensitive US government websites, raising security concerns and prompting internal reviews. Funding · 1 month ago OpenAI CFO Sarah Friar Discusses IPO Plans and Record Fundraising on CNBC OpenAI's CFO Sarah Friar appeared on CNBC to discuss the company's significant fundraising and upcoming IPO plans, highlighting a shift in revenue composition and product developments. Spot & ETFs · 1 month ago Bitcoin ETFs See Record Inflows Amidst Traders' $90K Call Positions Spot Bitcoin ETFs have recorded eight consecutive days of inflows, totaling approximately $2.39 billion, while traders are increasingly betting on Bitcoin reaching $90,000 and $95,000. Stablecoins · 1 month ago Jeeves Secures $110 Million to Enhance Stablecoin Payments and AI Solutions Jeeves has raised $110 million in a Series C funding round to expand its offerings in stablecoin payments and AI-driven financial solutions, aiming to enhance instant payouts and launch a stablecoin wallet. Markets · 1 month ago OpenAI to Launch Always-On Agent and $500 ChatGPT Plan at DevDay OpenAI is set to unveil an always-on agent and a new $500 ChatGPT plan at its upcoming DevDay event in San Francisco, signaling potential shifts in the AI competitive landscape. Hacks & Exploits · 1 month ago Bitget Faces $463M in Withdrawals After $388M Hack Attributed to Lazarus Group Bitget experienced a significant security breach leading to $463 million in withdrawals, with estimates of stolen funds reaching up to $388 million. The attack, linked to the Lazarus Group, has raised concerns about cross-chain security measures. Markets · 1 month ago Anthropic Eyes $2T IPO Amid Bitcoin's Market Shift and Blockchain.com Plans Anthropic is reportedly considering an IPO that could value it at over $2 trillion, while Bitcoin shows signs of breaking a 12-year trend, and Blockchain.com plans a public listing by year-end. Compliance · 1 month ago House Oversight Committee Expands Investigation to Hyperliquid and Crypto.com The House Oversight Committee has broadened its investigation into insider trading on prediction markets, now including Hyperliquid and Crypto.com, amid concerns over compliance and user verification practices.