Bitcoin Drops on Binance Hack as Stock Selloff Also Weighs
6 Articles
6 Articles
Bitcoin fell after the Fed’s pause, but blaming interest rates misses the Binance shock
The Federal Reserve asked for more information before changing interest rates. Eighteen and a half hours later, the economy supplied it: growth was strong, inflation remained elevated, and households were spending more without buying much more. But before investors could settle what that combination meant for Bitcoin, a Binance security breach raised a more immediate… Read the full story on CryptoSlateUnderstand the crypto stories that matter an…
The turmoil also extended to the shares of companies in the industry.Strong pressure is showing in the cryptocurrency market after the announcement of a cyberattack on Binance, with an estimated impact of $6.3 billion. Bitcoin fell more than 4% on Friday, to $77,994.96, as concerns about the security of the largest exchange weighed on the investment climate. The turmoil also extended to the shares of companies in the sector. Circle, issuer of th…
AI Spending Shock and Binance Hack Pressure Nasdaq, Nikkei and Bitcoin — Bigger Correction Ahead? - ActionForex
Two unrelated shocks converged on speculative assets: disappointing AI capex returns sent Alphabet down 12.64% and dragged Nasdaq, Nikkei and Asian semiconductors lower, while a ~$6.3B Binance security breach pushed Bitcoin toward $77,000. A falling Treasury yield hints at mild spillover, but broader equity performance stops short of confirming a generalized risk-off move—Nasdaq's 25,802.96, Nikkei's 61,462.61 and Bitcoin's $75,000–$76,000 zone …
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