Goldman Sachs sees 35% recession risk, Bitcoin logs worst Q1 since 2018
Bitcoin (BTC) wrapped up its worst quarter 1 since 2018 and the pain might not be over yet. Goldman Sachs just turned bearish on the US economy.
Keep up with what's happening in the crypto world in real-time.
Bitcoin (BTC) wrapped up its worst quarter 1 since 2018 and the pain might not be over yet. Goldman Sachs just turned bearish on the US economy.
As his aggressive Bitcoin acquisition strategy continues to result in significant losses, Michael Saylor, the executive chairman of MicroStrategy and one of the most-well-known institutional backers of Bitcoin, is coming under increasing pressure. Per the most recent data, Saylor's purchases during the last four months have led to an astounding unrealized loss of $3 billion, which could be the worst period of Bitcoin accumulation in his investment history.
The combination of AI agents and crypto represent a fundamental realignment of economic coordination, says Justin Banon, founder of Boson and Fermion Protocols.
The crypto market continued slumping on Monday, with the fear and greed index slipping to 24. Bitcoin price plunged for four days, moving to a low of $82,000, while Ethereum tumbled to $1,800 and Ripple slipped to $1.05.
The Bitcoin market has been initially sold off in the early hours of Monday, as the market continues to look to the rest of the financial markets for risk appetite to improve.
Trump's sons announced a new bitcoin venture with miner Hut 8 as President's family dug deeper into the crypto industry.
Larry Fink, the CEO of asset management firm BlackRock, has warned that the U.S. dollar could potentially lose its hegemony to Bitcoin.
MicroStrategy has upped the ante, buying $1.92 billion worth of bitcoin during the past seven days with Michael Saylor, its CEO, stating:
HashSphere is designed to allow highly regulated institutions such as payment providers and asset managers to transact stablecoins and tokenized assets.
TL;DR Democratic lawmaker Avelino Valencia is pushing for a reform to California's financial legislation that officially recognizes the rights of Bitcoin and crypto users. The new proposal guarantees self-custody of crypto assets, prohibits discrimination against their use as payment, and protects citizens from regulatory abuse.
Crypto inflows hit $226 million last week, signaling a cautiously optimistic investor sentiment amid ongoing market volatility.
The price of Solana (SOL) has been trading in a range since the March 11 plunge, trading above the $110 support but below the $140 resistance for the past three weeks.
Hedera (HBAR) fell 10.8% and Sui (SUI) declined 10.2%, leading the index lower.
The Trump family is entering the Bitcoin (BTC) mining business with a new company called American Bitcoin. According to the press release dated March 31, Eric Trump and Donald Trump Jr.
Is the ethereum base chain in competition with second layer networks or are L2s complementary?
Crypto is entering the next stage of its evolution, but it's not driven by hype or surging retail volumes, according to Ayesha Kiani, Chief Operating Officer at MNNC Group.
The company expects to reach its previously planned 52 EH/s of bitcoin mining capacity in coming months.
Strategy, formerly known as MicroStrategy, has acquired 22,048 additional Bitcoin between March 24 and March 30, bringing its total holdings to 528,185 BTC, according to a March 31 filing with the U.S. Securities and Exchange Commission. The purchase, valued at approximately $1.
Bitcoin (BTC) is on track to end Q1 with its worst performance since 2019. Without an unexpected recovery, BTC could close the quarter with a 25% decline from its all-time high (ATH).
The numbers are falling, dry and relentless. In one month, developer activity on Ethereum, a cornerstone of the crypto ecosystem, has dropped by 11.8%.
Chainlink has been under heavy selling pressure, trading in a downtrend as broader market weakness drags crypto prices lower. The entire crypto market remains on the defensive, with macroeconomic uncertainty and escalating trade war fears continuing to shake investor confidence.
Eric Trump and Donald Trump Jr. have partnered with Hut 8, a publicly traded crypto infrastructure firm. They want to launch American Bitcoin, a U.S.-based mining company.
TL;DR $226M Inflows: Digital asset products rebounded with $226M in inflows last week after four weeks of $1.7B outflows. Bitcoin and Altcoins: Bitcoin led with $195M, while altcoins like Ethereum, Solana, XRP, and Sui collectively received $33M. Cautious Optimism: Regional contributions from the US, Switzerland, and Germany signal renewed investor interest despite declining overall AUM.
Bitcoin faces uncertain market conditions, approaching oversold levels and volatility, with potential opportunities for long-term investors.
