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A series of disastrous economic results published on Friday has onlookers believing the United States economy is quickly spiraling into recession. But while the news initially coincided with a dip in the price of crypto assets, analysts say that a weaker U.S. dollar could ultimately benefit Bitcoin over the long term. The stock market tumbled Friday following the poor reports, with Bitcoin and other major cryptocurrencies following suit. Bitcoin’s price briefly jumped to $65,400 but then fell sh...

Donald Trump just doubled down on his big presidential Bitcoin campaign, potentially planning to do more with the asset than he told the crowd at the Bitcoin conference. Beyond establishing a “strategic Bitcoin stockpile,” the candidate suggested using the leading digital asset to make America solvent again. “Who knows, maybe we’ll pay off our $35 trillion [in debt],” Trump said during an interview with Maria Bartiromo of FOX Business on Thursday. “Hand ‘em a little crypto check, right? We’ll ha...

Bitcoin’s price might have taken a hit as of late, but there is one metric that is still impressive: mining difficulty. Data from BTC.com shows that Bitcoin difficulty hit a new all-time high on Wednesday at 90.67 trillion hashes. Hashing is a mathematical function performed by Bitcoin miners as part of the process of securing the blockchain. The higher the difficulty, the more computing power—and energy—needed to do the work. The record-high difficulty has “significantly reduced margins for pub...

Investment behemoth Morgan Stanley on Friday said it will soon permit its financial advisors to actively promote Bitcoin ETFs to eligible clients, marking the first time a major Wall Street bank has taken such a step. Starting next Wednesday, the firm's vast network of approximately 15,000 financial advisors will be authorized to pitch shares in BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund to suitable investors. CNBC first reported the news. A source familiar with th...

Earlier this week, crypto advocates received what appeared to be a sigh of defeat from one of the industry’s chief antagonizers: The U.S. Securities and Exchange Commission (SEC) amended a complaint in its high-profile lawsuit against Binance to shelve allegations that Solana, Cardano, and Ethereum scaling network Polygon are unregistered securities. Could it be that the SEC, which earlier this year caved on the security status of Ethereum, might be giving up on Solana as well? Could Solana ETFs...

The price of Bitcoin wavered Friday as a stock market selloff intensified on Wall Street, and the tech-heavy Nasdaq slid into a market correction after a weaker-than-expected U.S. jobs report. As of this writing, the Nasdaq was set to close 10% below its record peak last month, falling 2.9% on the day. Meanwhile, the S&P 500 and Dow Jones Industrial Average had dropped more than 2% each, setting stocks up for one of their worst trading days since 2022. Meanwhile, the Nikkei 225 had fallen 5.8%,...

Gold has never been more expensive. On Friday, the spot price of gold went above $2,500 for the first time in history. And now the cryptocurrency market finds itself at a critical juncture, with Bitcoin's claim as "digital gold" facing its most significant challenge yet. The precious metal's rally has reignited debates about safe-haven assets in the digital age, forcing investors and analysts to reassess Bitcoin's role in portfolio diversification and wealth preservation. This surge in tradition...