Author: GT

CME’s bitcoin futures, considered a proxy for institutional activity, gapped lower Monday in a sign of bearish sentiment after President Donald Trump ruled out a trade deal with China. The futures contract due to expire on the last Friday of April began trading at $79,590, down 5.6% from Friday’s close of $84,250 and quickly descended to $76,800, CoinDesk data show. The losses came as Dow futures fell 900 points, Chinese stocks crashed, and the Japanese equity market slipped into lower circuit breakers as JPMorgan, S&P Global, and Goldman Sachs increased the probability of the U.S. falling into recession this year.…

We already find ourselves at an inflection point with AI. According to a recent study by McKinsey, we’ve reached the turning point where ‘businesses must look beyond automation and towards AI-driven reinvention’ to stay ahead of the competition. While the era of AI-driven acceleration isn’t over, a new phase has already begun – one that goes beyond making existing workflows more efficient and moves toward replacing existing workflows and/or creating new ones. This is the age of Agentic AI. Truly autonomous AI agents are capable of reshaping operations entirely. Systems can act autonomously, make decisions, and adapt dynamically. These agents…

(Bloomberg) — Cryptocurrencies wiped out almost all their gains since Donald Trump’s election win in early November as fallout from the US president’s tariff onslaught sparked heavy selling in an asset class he’s vowed to champion. Most Read from Bloomberg Bitcoin tumbled below $75,000 on Monday for the first time since Nov. 7, dropping as much as 5.3%. The total market capitalization of all cryptocurrencies fell about 12% to $2.47 trillion, roughly where it stood when Trump sealed his victory, according to CoinGecko data. Ether dropped to the lowest since March 2023. The slide comes as Trump dug in on…

Peter Diamandis, a futurist with degrees from both MIT and Harvard, has spent much of the past two decades evangelizing a vision of an “abundant future” driven by exponential technologies that will lengthen our lives. The serial entrepreneur and founder of organizations like the XPRIZE Foundation and Singularity University has also cultivated close ties with some of the world’s most influential business minds, including Elon Musk.  Admirers subscribe to his optimistic forecasts and data-backed arguments that technology has already lifted billions out of poverty and improved global living standards. They also buy his books. Critics argue that his techno-utopian vision…

Midjourney has announced the alpha release of its V7 image generation model for testing by the AI community. The new model packs improvements in text prompt understanding, image quality, and feature coherence. “V7 is an amazing model. It’s much smarter with text prompts, image prompts look fantastic, image quality is noticeably higher with beautiful textures, and bodies, hands, and objects of all kinds have significantly better coherence on all details,” Midjourney explained. A key innovation in V7 is the default activation of model personalisation. Users must initially unlock this feature, a process that takes approximately five minutes. This personalisation can…

Gold bug and longtime Bitcoin skeptic Peter Schiff is back with another jab at MicroStrategy founder Michael Saylor, as Bitcoin tumbled below the critical $80,000 level amid widespread market panic triggered by President Trump’s sweeping new tariffs. On April 7, Schiff posted directly to Saylor on X, formerly Twitter, saying: “Attention Saylor, now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in.” The message came as Bitcoin posted its worst first quarter in 10 years,…

Bitcoin dropped below $80,000 on Sunday, falling over 3% in just two hours. The cryptocurrency market saw widespread losses as global markets reacted to uncertainty driven by new U.S. trade tariffs. President Trump’s announcement last Wednesday set off sharp declines in both crypto and stock markets. Ethereum dropped nearly 8% in 24 hours, and the ETH/BTC ratio hit its lowest point in five years. The GMCI 30 Index, tracking the top 30 cryptocurrencies, fell over 6% in a day and is down more than 32% since the start of the year. The fall in crypto markets came alongside major declines…

The Consumer Financial Protection Bureau (CFPB) is expected to reduce its involvement in cryptocurrency regulation due to budget cuts and a broader shift in oversight to other agencies. Ethan Ostroff, a partner at Troutman Pepper Locke law firm, believes the CFPB will step back as other federal agencies, such as the Securities and Exchange Commission (SEC), and state-level regulators take on more responsibilities. In February 2025, Russell Vought became the head of the CFPB and quickly introduced major funding cuts to streamline the agency. This move is part of the Trump administration’s focus on cutting government spending and restructuring regulatory…

Source: TradingView.com Bitcoin dropped below the closely watched $80,000 level on Sunday evening, tracking U.S. stock index futures sharply lower amid intensifying worries about the impact of tariffs. The 50-day MA has crossed below the 200-day MA to form an ominous death cross, a chart pattern that warns of further selling. Investors should watch key support levels near $74,000, $65,000, and $57,000, while also monitoring a major overhead area near $87,000. Bitcoin (BTCUSD) dropped below the closely watched $80,000 level on Sunday evening, tracking U.S. stock index futures sharply lower amid intensifying worries about the impact of tariffs. The pioneer…

“Decoupling” and “safe haven” began to be used late last week as bitcoin (BTC) held its own despite the continuing tumble in stock markets in response to President Trump’s sweeping tariffs against U.S. trading partners. Bitcoin bulls, though, may have spoken too soon. With stock trading closed for the weekend, fearful investors turned to the 24/7 crypto markets to place bearish bets. In late Sunday afternoon action, bitcoin was trading just above $79,000 down 5% from 24 hours earlier. As stock index futures began trading later Sunday with the Nasdaq 100 opening down 5% and S&P 500 4.5%, bitcoin fell…