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View More NewsBitcoin’s (BTC) failure to close the week above the 200-week exponential moving average (EMA) on Sunday put it at risk of another downward leg over the coming weeks or months.Key takeaways:Bitcoin price signals “structural weakness” with failure to close week above a key trend line.Analysts say the next breakdown clears path for another sell-off toward $46,000.The $47,000 level features as a deep structural support for Bitcoin. Bitcoin price weakness sparks sub-$50,000 targetsData from TradingView showed BTC/USD trading at $71,190, or 6% higher than its intraday low of $67,300.The pair had failed to produce a weekly close above the 200-weekly EMA on…
In brief Last week’s drop in Bitcoin’s price coincides with crypto ETF outflows spiking to $177 million. Bitcoin is up 7% since February 28, when the war began, outperforming the S&P 500 (-4.6%) and gold (-17%). Experts eye $80,000 as “key inflection point” for altcoin rotation; Trump announces potential Iran ceasefire. Bitcoin’s drop from its peak above $75,000 last week has solidified its month-long sideways price action. While the leading cryptocurrency remains sensitive to immediate geopolitical headlines, broader market sentiment was tempered by last week’s $177 million outflows from exchange-traded funds across the crypto sector.The weekly pullback, which saw Bitcoin…
AI & Crypto
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Four were state appellate courts and two were district courts. Four involved filings by lawyers, and two by self-represented litigants. All seem likely to have been the result of unchecked use of AI, though I suppose it’s possible that there…
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A review of The West: A New History in Fourteen Lives by Naoíse Mac Sweeney, 448 pages, Dutton (May 2023).At the 2019 Annual Meeting of the Society for Classical Studies in San Diego, California, independent scholar Mary Frances Williams stood up at the end of a panel on “the future of classics,” and suggested that classicists should view their field as the study of the foundations of Western civilisation. Classics “matters,” she went on, “because it’s the West.” Sarah Bond, a professor at the University of Iowa, cut in, declaring that ‘‘Western civilisation is a construct—a complete construction.”Since then, how…
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As the war with Iran enters its fourth week, crypto markets will be dominated by macro events.Off the global stage, however, traders will be…
Crypto and the wider markets tumbled on Monday as the US and Iran escalated threats toward one another for the fourth week, sending oil…
XRP dropped below the $1.40 level after a sharp wave of selling and is still struggling to recover, with buyers unable to push prices…
Meta CEO and co-founder Mark Zuckerberg is reportedly building an AI agent to help handle his work in managing the company amid a company-wide…
In brief Three Tennessee minors have sued xAI, alleging Grok generated CSAM from their real photos and spread it online, causing severe harm. The…
Law enforcement agencies from the U.S., U.K. and Canada started a joint initiative called Operation Atlantic aimed at disrupting cryptocurrency fraud schemes known as…
US President Donald Trump has again pressured the Federal Reserve to cut interest rates immediately, saying at a White House meeting that they should…
In brief The former LASD deputy was sentenced in a federal extortion case tied to crypto “Godfather” figure Adam Iza. The case details how…
from the if-the-knock-off-shoe-fits dept Normally, a post about the signing of an NFL free agent wouldn’t make it anywhere near these here Techdirt pages.…
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Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury firm, bought 60,999 ether (ETH) last week as it continues to build up its holdings of…
Prediction markets platform Polymarket says it has now banned and reported users who pressured an Israeli journalist with death threats to amend a news…
