Bitcoin and the crypto market saw a massive drop earlier this week, with over $1 billion liquidated in a single day. Is this the start of a bearish phase, or just a temporary pull back? A major shake-up in the AI sector may have played a role,
Bernstein remains bullish on Core Scientific (CORZ) even after the shares tumbled 30% earlier this week as Chinese artificial intelligence (AI) startup DeepSeek challenged the idea that bitcoin (BTC) miners had value as data center plays. The slide means the stock is now available at a deep discount, the broker said in a research report Thursday.
As attention on Chinese startup DeepSeek and its artificial-intelligence model led to a $1 trillion wipeout in the U.S. stock market on Monday, shares of bitcoin miners with exposure to artificial intelligence also tumbled.
Two cutting-edge AI models have entered the crypto prediction arena. Deepseek and ChatGPT have each revealed their top cryptocurrency choices, igniting
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.
China's technological capabilities may be advancing faster than previously thought, challenging U.S. dominance in AI, digital payments, reserve currency and global trade.
Standard Chartered's Geoffrey Kendrick explains why the impact of DeepSeek on the AI industry could be good for the Bitcoin price.
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%.
Investment bank Keefe, Bruyette & Woods (KBW) has given Bitcoin miner Bitdeer (BTDR) an "outperform" rating with a $26.50 price target.
Following MicroStrategy's 11,000 BTC acquisition for $1.1 billion, bringing its overall holdings to 461,000 BTC, interest has turned to the potential
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla
Wall Street ended up on relief Meta and Microsoft kept their AI spending plans even amid mixed earnings. Next up, Apple earnings.