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Bitcoin Slides Below $63,000 on Friday Amid Fading US Crypto Legislation Momentum and Disappointing Earnings
Bitcoin sank below $63,000 on Friday. This decline is attributed to several factors, including the fading momentum behind US crypto legislation and disappointing earnings reports from Coinbase Global Inc. and Strategy Inc. These developments are adding to signs that speculative investors are pulling back from riskier trades.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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ZachXBT: Axis Robotics insiders dumped approximately 42 million AXIS tokens, causing a 40% crash; project team attributes it to OTC counterparty default.
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
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Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
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ECB's Cipollone: Europe to move to T+1 securities settlement on 11 October 2027; Eurosystem expands tokenised finance infrastructure
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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