Crypto News

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are posting gains of as much as 4%.Risk sentiment is likely being supported by skepticism surrounding the claims of Chinese tech startup DeepSeek, which asserts it spent only $6 million to develop its competitor to ChatGPT. Critics speculate the figure omits costs associated with earlier research and experimentation on architectures, algorithms and data. Additionally, a concept rooted in the Jevons Paradox suggests that advancements in efficiency often...

Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday, prompted by concerns of overvaluations of its AI investments.XRP led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, Solana’s SOL and dogecoin (DOGE) zooming as much as 9%. Ether (ETH) gained 4.5%, while overall market capitalization rose 3%.BTC rose nearly 4% in the past 24 hours, easing losses from Monday which saw over $1 billion in futures liquidations and an 8.5% decline in the broad-based CoinDesk 20 (CD20) at peak.Large liquidation events often present a market buying opportunity, as CoinDesk noted on Monday, as...

Eurojust, which helps law enforcement agencies across the EU collaborate, says 23 suspects have been arrested.Source link

Jason Lowery, author of Softwar, a thesis highlighting the national significance of bitcoin, has recently remarked on the strengths of the top digital asset as the world’s reserve cryptocurrency. Jason Lowery: Countries to Choose Bitcoin Because ‘It Operates Beyond U.S. Control’ The independent traits of bitcoin, which can serve as a decentralized, non-linked reserve asset,Source link

Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment."Markets don't like uncertainty, to me, it's an overreaction, and this overreaction will be a great opportunity for investors," Lee said.Lee's call seems good so far. After Nasdaq sold off 3% and NVIDIA dropped 17%, ,Nasdaq futures are up 1% while NVDA is 5% higher in pre-market trading.Monday's sell-off in NVDA was the biggest single-day market cap loss in history, with NVIDIA losing $465 billion in market cap, according to Bloomberg Data.Bitcoin (BTC) fell as far as $97,500 on Monday...