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Arthur Hayes warns AI data center overbuild could trigger crash, boosting crypto
technology4 days ago

Arthur Hayes warns AI data center overbuild could trigger crash, boosting crypto

Former BitMEX CEO Arthur Hayes argues that the current AI infrastructure boom is a bubble that will eventually crash, leading to a government bailout that will drive up Bitcoin prices. He predicts that by late 2027 or 2028, excess data center capacity will make computing power cheap, causing a downturn in AI companies that do not yet generate profit. Hayes believes this liquidity injection will benefit crypto assets, while also launching a new project called Flop to create a spot market for AI compute.

via CNBC|
#arthur-hayes#artificial-intelligence#bitcoin
Schiff Warns Strategy’s Preferred Stock Channel Is Closed, Even as Common Stock Sales Fund New Bitcoin Buys
markets6 days ago

Schiff Warns Strategy’s Preferred Stock Channel Is Closed, Even as Common Stock Sales Fund New Bitcoin Buys

Peter Schiff argues MicroStrategy has lost its primary funding mechanism for Bitcoin purchases, despite recent acquisitions. While the company’s preferred stock (STRC) has recovered to near par, Schiff contends the issuance channel is effectively closed. Strategy is now funding buys through common stock sales and cash reserves, a shift that contrasts with Saylor’s recent signals of continued accumulation.

via BeInCrypto|
#bitcoin#markets#michael-saylor
Bitcoin Dominance Nears 60% as Traders Load Up on Leverage Ahead of Jobs Data
markets9 days ago

Bitcoin Dominance Nears 60% as Traders Load Up on Leverage Ahead of Jobs Data

Bitcoin traded above $86,000 on Oct. 2, 2026, rising 3.4% as its market dominance approached 60%. This shift from stablecoins to tokens signaled a risk-on sentiment among traders. While the broader crypto market saw gains, smaller assets like AAVE and APT outperformed. Rising open interest and funding rates indicated increased leveraged bullish positions, though $344 million in liquidations highlighted volatility risks. The market awaited the U.S. jobs report, with economists expecting 90,000 new jobs in September. A stronger report could raise Treasury yields and pressure bitcoin, while a weaker one might support risk assets. Analysts noted that a 10-year real yield above 3% could trigger a retest of the $80,000 to $82,000 range. Lower odds of a Federal Reserve rate hike, currently at 30%, supported the rally. However, profit-taking hit some tokens like Quant, which fell 15%. The jobs report, due at 8:30 a.m. ET, was seen as a key catalyst for the next move in crypto prices.

via CoinDesk|
#bitcoin#crypto-markets#derivatives
Consumer Confidence Plunges to 2014 Lows as Rising Rates and Oil Prices Weigh on Markets
markets12 days ago

Consumer Confidence Plunges to 2014 Lows as Rising Rates and Oil Prices Weigh on Markets

The Conference Board’s Consumer Confidence Index fell to 81.9 in September, its lowest level since April 2014, as rising interest rates and fuel costs eroded optimism. Bitcoin retreated to approximately $83,200, while the 10-year Treasury yield climbed to 5.27%, its highest since 2007. Job openings dropped to 7.08 million, signaling early labor market weakness.

via CoinDesk|
#bitcoin#consumer-confidence#inflation
Bitcoin stalls near $86k as rising yields and altcoin rotation pressure markets
markets18 days ago

Bitcoin stalls near $86k as rising yields and altcoin rotation pressure markets

Bitcoin traded around $85,800 on Wednesday, slipping slightly as rising U.S. Treasury yields and a stronger dollar pressured risk assets. While Bitcoin matched its recent high of $87,300, it faced selling pressure, coinciding with a surge in altcoins. Bitcoin Cash jumped 28% after CME Group announced futures listings, and Zcash rose 9%. This rotation reflects a broader 'altseason' trend, with Bitwise’s index hitting 90%, indicating nine in ten altcoins outperformed Bitcoin over the past week. Macro headwinds included new cycle highs for the 10-year Treasury yield at 5.042% and a 0.4% rise in the U.S. dollar index. Bitcoin is approaching an $18 billion quarterly options expiry on Friday, which may increase volatility as traders roll positions.

via coindesk.com|
#altseason#bitcoin#bitcoin-cash
Bitcoin Reclaims $86K as Oil Slides and Short Squeezes Fuel Crypto Rally
markets19 days ago

Bitcoin Reclaims $86K as Oil Slides and Short Squeezes Fuel Crypto Rally

Bitcoin has surged above $86,000, marking its highest level since late January 2026. This rally is driven by a sharp drop in oil prices, a massive short squeeze, and a rotation of capital away from AI stocks. While the U.S. Senate recently blocked the Clarity Act, analysts argue that the current regulatory environment under the SEC and CFTC is actually more favorable for crypto than the legislation would have been.

via Yahoo Finance|
#bitcoin#crypto#markets
Strategy resumes Bitcoin buying after three-week pause, adding 950 BTC
markets20 days ago

Strategy resumes Bitcoin buying after three-week pause, adding 950 BTC

Strategy resumed Bitcoin purchases after a three-week pause, buying 950 BTC for $75.7 million at an average price of $79,670. The company funded the acquisition using its USD cash reserve, while also allocating $174 million to repurchase STRC shares and $57.4 million for preferred stock dividends. Strategy's total Bitcoin holdings now stand at 846,000 BTC, acquired for $63.81 billion at an average cost of $74,417 per coin. Shares rose 7% in pre-market trading as Bitcoin climbed to $84,500.

via Yahoo Finance|
#bitcoin#crypto#markets
Nasdaq Hits Record High as AI Stocks Rally and Treasury Yields Fall Below 5%
markets20 days ago

Nasdaq Hits Record High as AI Stocks Rally and Treasury Yields Fall Below 5%

The Nasdaq Composite reached a record-high close on Monday, driven by a sharp rally in semiconductor and AI stocks. Advanced Micro Devices (AMD) jumped 9.3% to become the first chipmaker to reach a $1 trillion market capitalization, while Intel surged 13% and Arm Holdings rose 15.7%. The S&P 500 climbed 1.49% to 7,764.70, and the Dow Jones Industrial Average gained 0.71%. This recovery followed a volatile week where the Dow posted its worst performance since March. The rally was fueled by falling Treasury yields, with the 10-year yield dropping below the 5% threshold, and crude oil prices dipping below $100 per barrel. Bitcoin also rose over 6% to a seven-month high. Investors remain cautious about the Federal Reserve's recent rate hike and potential future increases, but optimism around AI spending and potential Middle East de-escalation supported risk assets.

via Yahoo Finance|
#ai#amd#bitcoin
Bitcoin Tops $86K as $648M Short Squeeze Fuels Rally, but Funding Rates Warn of Overcrowding
markets20 days ago

Bitcoin Tops $86K as $648M Short Squeeze Fuels Rally, but Funding Rates Warn of Overcrowding

Bitcoin surged past $85,000, briefly touching $86,350, driven by a massive short squeeze that liquidated $648 million in bearish bets. While open interest rose to $156 billion, signaling renewed leverage, analysts warn that funding rates have spiked to unsustainable levels, creating volatility risks. The rally extends a broader crypto recovery, with some experts calling the 'crypto winter' over, though regulatory setbacks like the blocked Clarity Act remain a backdrop.

via CoinDesk|
#bitcoin#crypto-derivatives#market-sentiment