Bitcoin Follows Wall Street Crash by Tumbling Toward $62K Amid Weak US Jobs Data

The total crypto market cap dumped to $2.350 trillion once more.

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Wall Street sounds AI bubble alarm Will crypto AI projects survive?

After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive?

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Occupy Bitcoin: Bitcoin Is Not Just Libertarian

Bitcoin is not defined by the politics of the loudest voices in the space, in fact, many of them act in complete contradiction to their stated principles.

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5 bullish arguments that Bitcoin price just bottomed at $53K

Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.

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Wall Street Bitcoin Miner Taps Institutional Investor for £6.5 Million Capital Boost

Bitcoin miner ArgoBlockchain, listedon both Wall Street and the London Stock Exchange (LSE), has announced a £6.5 million private placement agreement with aninstitutional investor. The deal involves the issuance of 57,800,000 ordinaryshares at £0.1125 per share on the LSE, along with warrants to purchase anadditional 57,800,000 shares at the same price.

Argo Blockchain Secures£6.5 Million in Private Placement Deal

Theplacement price represents a premium to Argo's recent trading averages and a10% discount to the closing price on July 29. H.C. Wainwright & Co. isserving as the exclusive placement agent for the transaction.

Argo plansto use the net proceeds for working capital, general corporate purposes, anddebt repayment. The company expects the placement shares to be admitted totrading on the London Stock Exchange's Main Market around July 31, 2024.

The netproceeds of the Private Placement will be used by the Company for workingcapital and general corporate purposes, including the repayment of indebtedness,the company commented.

$ARBK Argo Blockchain Secures £6.5M From Institutional Investor Through Private Placement.The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the repayment of indebtedness.$TKNO $JTAI $IMNN $TWOU

Followingthe placement, Argo's total issued share count will increase to 636,352,148.The newly issued shares and any shares from exercised warrants will have equalranking with existing ordinary shares.

On the Nasdaq,the miner's shares (ARBK) tested the $2 level during Monday's session, thehighest in over three months. However, before the session ended, they fell to$1.6. Meanwhile, on the LSE (ARB), the company's shares did not react stronglyto the latest information on Tuesday and are trading around 11 pence, aftertesting the 13.5 pence level on Monday, which was the high from April.

Crypto Miner ReducedLosses

ArgoBlockchain operates cryptocurrency mining facilities in Quebec and Texas, witha focus on sustainable practices powered by renewable energy. Recent financialreports from Argo paint a picture of improving performance and strategicadjustments in the face of industry headwinds.

In itslatest quarterly update, the company reported a revenue of $16.8 million,marking a 4% increase from the previous quarter and an impressiveyear-over-year growth of nearly 50%. This uptick in revenue was accompanied bya substantial reduction in net loss, which decreased to $3.2 milliona thirdof what it was in the prior period.

We exitedthe Bitcoin halving with cash of over $12 million, Q1 debt reduction of over$12 million and streamlined Quebec operations resulting from the sale ofMirabel, commented Thomas Chippas, the Chief Executive Officer of Argo.We are enthusiastic about Argo's future growth and development and arededicated to delivering value to our shareholders.

Lookingback at the full-year results for 2023, Argo demonstrated resilience in achallenging market environment. The company managed to achieve a modest grossprofit. In addition, it saw an 85% reduction in losses compared to the previousyear, indicating progress in the company's efforts to streamline operations andimprove financial health.

During the same period, it announced the sale of its data center in Mirabel, Canada.

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Bitcoin Miner from Wall Street Plans to Double Revenue with New Hydroelectric Data Center

HIVEDigital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE)announced plans to construct a 100-megawatt BTC mining operation in Paraguay,aiming to double its revenue and significantly boost its hashrate capacity.

Wall Street Bitcoin MinerPlans 100MW Bitcoin Mine in Paraguay, Targets Revenue Boost

TheVancouver-based company, which specializes in green-focused data centers,intends to power the facility using clean energy from the Itaipu hydroelectricdam. This expansion is expected to increase HIVE's global Bitcoin miningcapacity from 5.6 to 12.1 exahash per second (EH/s) within the next year.

"Thisrepresents a significant milestone in our diversified growth strategy," FrankHolmes, HIVE's Executive Chairman, commented. "We are confident that thisventure can deliver healthy returns and drive long-term value, fosteringeconomic growth and innovation in the region."

Theannouncement follows meetings between HIVE executives and Paraguayan PresidentSantiago Peña, during which the company endorsed Paraguay's business-friendlyenvironment. HIVE emphasized that government stability in areas such as energypricing and taxation would be crucial for future expansion considerations.

Last week, Marathon Digital, another Bitcoin miner from Wall Street, also made headlines when it was ordered to pay $138 million to the founder of a competing mining company. Michael Ho from Hut 8 allegedly developed a growth strategy for Marathon but did not receive the appropriate compensation.

Theproposed data center is projected to generate over $100 million in US dollarrevenue for Paraguay's utility company over the next three years. HIVE plans toleverage its experience in grid balancing and demand response to supportindustrial development in the country.

Last year,the company rebranded from HVE Blockchain to Digital to reflect the evolvingnature of its business. In addition to focusing on cryptocurrency mining, thecompany expanded into high-performance computing (HPC) data centers and thegrowing trend of mass adoption of Artificial Intelligence (AI).

HIVE Digital to build data center in Paraguay, targeting higher hash rate https://t.co/231n1xc4a6 pic.twitter.com/wdQfsgtwFh

HIVE Buys 500 Mining Rigs

Luke Rossy,HIVE's Chief Operating Officer, also revealed the acquisition of 500 BitmainS21 Pro Antminers, the latest in mining technology. "These units areexpected to ship this month and are integral to the Company's strategy ofcontinually upgrading its fleet while growing its HODL position," Rossyexplained.

As of July21, 2024, HIVE reported holding 2,521 Bitcoin, up from 2,496 at the end ofJune. With Bitcoin's current market value, this represents over $170 million indigital assets on the company's balance sheet.

Accordingto the latest financial report from the publicly traded miner, the companyachieved an annual revenue of $114.5 million and an adjusted EBITDA of $37.5million in the fiscal year 2024. Over the 12 months ending March 31, 2024, thecompany mined 3,123 Bitcoin and held 2,287 Bitcoin, valued at $161.3 million onits year-end balance sheet.

TheParaguay project remains subject to final agreements, due diligence, boardapproval, and regulatory clearances. HIVE stated that further details will be provided in the near future.

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Why Wall Street is still wary of DeFi

Wall Street's cautious approach to DeFi highlights the tension between innovation and regulatory compliance, impacting the future of financial markets.

The post Why Wall Street is still wary of DeFi appeared first on Crypto Briefing.

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Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024

Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.

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Spot Bitcoin ETFs Saw Largest Inflow in a Month

Spot Bitcoin ETFs in the U.S. recorded their largest daily inflow in almost a month on Monday at $129 million, marking a bullish sign for Bitcoin as historically positive July seasonality approaches.

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Franklin Templeton considers new altcoin-focused crypto fund

Franklin Templeton is reportedly considering a private fund for institutional investors dedicated to altcoins.

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Goldman Sachs: Bitcoin ETFs Are an 'Astonishing Success'

Goldman Sachs' head of digital assets calls Bitcoin ETFs an "astonishing success", signaling a pivot after years of Bitcoin skepticism from the Wall Street giant.

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NYSE To Launch Products Tracking Spot Bitcoin Prices

The New York Stock Exchange plans to launch options contracts tied to the CoinDesk Bitcoin Price Index, marking another major traditional finance player entering the Bitcoin space.

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Bitcoin and Wall Street: Insights from Alex Thorn of Galaxy Digital

The Head of Research at Galaxy Digital, a crypto-focused financial services firm, believes that both Wall Street and corporations will continue to adopt Bitcoin as we move into an age in which its normalized.

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Buy Bitcoin, Ditch The Banks Before Its Too LateKiyosaki

Financial writer Robert Kiyosaki urges investors to consider assets like Bitcoin, gold and silver to protect their savings. He argues that these traditional forms of money are better shields against what he calls mounting financial risks. Kiyosaki has issued a fresh warning that an economic turmoil could be on the horizon. He points to the US departure from the gold standard in 1971 as the seed of ongoing instability. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight Bitcoin: Signs From Past Crises According to Kiyosaki, the LongTerm Capital Management event in 1998 and the Wall Street crash in 2008 were early warnings. He says neither of those shocks caused the real problemthey merely hinted at deeper trouble. In his view, central banks patched holes by injecting cash, but they never fixed the underlying cracks. Those quick fixes run the risk of unravelling when debt levels get too high. In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management. In 2008 the Cental Banks got together to bail out Wall Street. In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks? In other words each Robert Kiyosaki (@theRealKiyosaki) May 18, 2025 Central Bank Limits Exposed Based on reports, Kiyosaki believes that printing money cant solve every financial headache. He warns that central banks may soon hit their limits. He points out that unlimited cash printing erodes trust in currency, making it hard for banks and governments to rely on the same old playbook. In his words, You cant borrow or print your way out of an endless pile of debt. That debt, he says, is growing every day. Student Loans As Potential Trigger According to the warning, US student loan debt ranks high on his list of danger signs. He sees it as a ticking time bomb that could trigger serious credit shocks. Hes not alone: Treasury Secretary Janet Yellen has said that widespread defaults could unsettle credit markets. Economist James Rickards shares the view, arguing that mass nonpayments may shake the financial system more than commercial real estate or corporate bankruptcies. Growing Interest In Bitcoin And Precious Metals Based on his comments, more people are eyeing Bitcoin, gold and silver as lifeboats. He notes that Bitcoins capped supply gives it an edge over fiat money, which can be printed in endless batches. He contrasts a fixed 21millioncoin limit with the unchecked growth of government debt. Gold and silver, with centuries of use as money, also win points because they cant be created by a keyboard. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You ThinkAnalyst What Investors Should Watch Kiyosaki suggests keeping an eye on three key signs: rising debt levels, growing numbers of loan defaults, and continued currency printing. He adds that a shift toward alternative assets is a crowd signalwhen more people start buying Bitcoin, trust in paper money falls. He reminds readers that no one can guarantee safety in cash; history has shown that hard assets often hold value when paper money weakens. Featured image from Pexels, chart from TradingView

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CME to Launch Bitcoin Trading for Hedge Funds and Traders

CME plans to launch spot bitcoin trading, opening the door for major hedge funds and institutional traders to access a regulated marketplace.

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Bitcoin Stays Resilient While Wall Street Stumbles Details

Bitcoin’s price has surged some 25% since April 2, even as the big stock indexes declined. The digital currency broke through $104,000 by May 12. Traditional markets such as the S&P 500 were in the red simultaneously. Based on market data, Bitcoin’s resilience has stood out in the face of sell-offs and tariff negotiations. Related Reading: Bitcoins Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Bitcoin Outpaces Stocks According to reports, the S&P 500 declined almost 1% during April, but Bitcoin rose. Other financial markets experienced losses during the same weeks. Bitcoin’s increase was made while traders considered concerns over escalating tariffs. The world’s most sought-after crypto asset was seen by some as a means to avoid fees on foreign trade. However, there is no evidence that any country utilized crypto to avoid tariffs. Settlements Via Bitcoin Based on examination by crypto expert Daan Crypto Trades, there was speculation that countries could bring trade settlements to Bitcoin. The concept gained traction since BTC stood firm even when supply chains and markets were in trouble. $BTC Has outperformed stocks since “Liberation” / Tariff Day on the 2nd of April. It held up incredibly strong during a sharp sell off on stocks in April. It then also proceeded to outperform as the markets bounced and tariffs were implemented. Back then people were wondering pic.twitter.com/gfvfH80TVP Daan Crypto Trades (@DaanCrypto) May 11, 2025 Nevertheless, experts note that big on-chain transactions are out there in the open. Regulators would catch any large cross-border payments made in crypto. There has not been a reported case of governments turning to Bitcoin in order to sidestep duties. Testing Key Resistance Levels According to chart analysis by Rose Premium Signals, Bitcoin is currently testing a crucial barrier at $105,000. If BTC breaks down there, it might retreat into the $100,000 zone. Some pattern observers claim an Inverse Head & Shoulders configuration could develop. $BTC Market Update#Bitcoin is currently testing the Weekly Supply Zone around $105,000 The most likely scenario is a rejection from this level, leading to the formation of an Inverse Head & Shoulders pattern a setup that could create space for a mini #altseason pic.twitter.com/aLSPi5qhuq Rose Premium Signals (@VipRoseTr) May 11, 2025 That pattern requires two distinct shoulders and a lower trough in the middle. Currently, the swings have been unbalanced, muddying the image. A rejection might be followed by a brief period of altcoin accumulation before Bitcoin takes off again where it left off. Related Reading: New XRP Rally Incoming? Analyst Believes This Cycle Is Unique Long-Term Outlook Stable As per market observers, most investors will be looking to purchase dips if Bitcoin breaks resistance. They add that higher prices will put the limelight on pullbacks. Dips provided entry points during previous rallies. But Bitcoin’s extensive runs persist for several months, not days. Risks are still seen by traders: potential rate increases, regulations on crypto, and fresh tokens competing for attention. Meanwhile, increasing ETF flows and fortified wallets reassure others. Based on accounts of USChina trade negotiations, any agreement would reduce some tension. But there are drivers of Bitcoin’s price that are independent of global tariffs. Monetary actions, large investors, and sentiment drive big moves. If BTC continues to outrun stocks, it might solidify itself as an alternative in global markets. In the meantime, traders are waiting for the next direction at those important levels near $105,000. Featured image from Unsplash, chart from TradingView

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JPMorgans Onyx to industrialize blockchain PoCs from Project Guardian

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardians blockchain proofs-of-concept into scalable financial products.

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BlackRock Expands Bitcoin ETF Operations with Five Major Wall Street Firms

BlackRock has included ABN AMRO, Citadel Securities, Citigroup, Goldman Sachs, and UBS as new authorized participants in its Bitcoin ETF. (Read More)

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Bitcoin Resurgence: Analyst Foresees $69,000 Target In Near Term

Crypto Jelle, a cryptocurrency analyst and aficionado, has expressed optimism toward the price action of Bitcoin, highlighting the potential for the digital asset to revisit the $69,000 threshold in the short term. Bitcoin Poised For Short-Term Gains Due to waning interest in the cryptocurrency market, the price of Bitcoin fell by 5.60% to $66,650. However, [...]

The post Bitcoin Resurgence: Analyst Foresees $69,000 Target In Near Term appeared first on Crypto Breaking News.

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Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users Expert

Bitcoin this week reclaimed the $94,000 region, but the party may be lacking one key ingredient: real users. The cryptocurrency network is “like a ghost town” even with the record price increase, a crypto expert said. Related Reading: Ethereum Heating Up Address Activity Jumps Nearly 10% In 2 Days Bitcoin Surges In PriceYet Network Remains Eerily Quiet A recent report by CryptoQuant analyst Maartunn shows a dramatic disconnect between Bitcoin’s rocketing price and its underlying network activity. “The Bitcoin network is a ghost town,” the analyst explained when comparing on-chain data to the coin’s current price. The study employs a 365-day moving average to record network activity from 2015. As years went by, activity and price followed one another. Around early 2025, though, they went different ways. Prices for bitcoin continued to rise even as growth in network activity dwindled and displayed more decreases than in the past. The Bitcoin Network is a ghost-town This pump is driven by: – ETF Flows – Open Interest There is hardly any new visible on-chain demand. https://t.co/ceFuk9Wtnq pic.twitter.com/DmoXbxhxXx Maartunn (@JA_Maartun) April 24, 2025 ETF Money Flooding In As Price Rises The true driving force behind Bitcoin’s surge seems to be institutional capital. According to Farside reports, Bitcoin ETFs witnessed a dramatic surge in money inflow from April 17. By April 21, investors had invested $381 million, and by April 23, it increased to $917 million as buying was still going on. This timing fits hand in glove with Bitcoin’s rise above $94,000 on April 23. The US Bitcoin ETFs have since inception raked in a whopping nearly $38 billion in net inflows, indicating how much big players in the financial market are transforming it. Related Reading: Cardano Set For 1,000% Explosion? Analyst Says Just HODL On-Chain Data Indicates Decreasing User Activity Meanwhile, the statistics paint a clear picture of who is not behind the price: common users. Latest data indicates network activity decreased by 0.90% last week. The number of active addresses fell by 1.50% in that particular timeframe. Even more indicative, zero-balance addresses fell 12.50%, implying further wallets are remaining empty. Those figures create the image of a rally driven by forces beyond regular usage of the core network. Trump Meme Coin Briefly Steals The Spotlight In a surprise turn of events, some of the focus moved away from Bitcoin when US President Donald Trump’s staff released a statement saying that the holders of the largest amounts of the TRUMP meme coin would be invited to have dinner with the President. This created a rush to buy the meme coin. As interest in the TRUMP coin fizzled out, so too did interest in Bitcoin and other top cryptocurrencies. Some analysts noticed that this trend indicates the market still lacks sufficient buying pressure to have multiple hot trends simultaneously. Featured image from Gemini Imagen, chart from TradingView

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