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Jeremy Grantham Says SpaceX Defines AI Bubble Peak and Dismisses Bitcoin as ‘Unnecessary Nonsense’

Jeremy Grantham, the billionaire investor who predicted both the dot-com crash and the 2007 housing collapse, says the artificial intelligence (AI) market is the biggest investment bubble in American history and warns that a 70% decline in high-flying AI stocks would not be unexpected. Jeremy Grantham, co-founder of Boston-based institutional investment firm GMO, made the […] from Bitcoin News https://ift.tt/ip4kYVr
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Blackrock’s IBIT Leads $469 Million Bitcoin ETF Selloff in Biggest Exit Since June 2

Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469.08 million exit, the largest since June 2. Ether ETFs also remained negative, while XRP was the only category to draw fresh capital. Blackrock’s IBIT Tops $593 Million in 3-Day Outflows as […] from Bitcoin News https://ift.tt/ufpXU6Q
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Bitcoin Slides Nearly 20% in June as $715M in Crypto Long Bets Collapse

Bitcoin briefly plunged to a new year-to-date low of $58,035 on Thursday morning before staging a relief rally to trade flat around $59,500. Despite recovering its 24-hour losses, the intra-day chart reveals severe volatility and erratic price swings. Volatility Grips Bitcoin After Fresh YTD Low After plummeting to a fresh year-to-date (YTD) low of $58,035 […] from Bitcoin News https://ift.tt/Wp43tZm
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Law Firm Investigates Strategy as MSTR Drops 7% and STRC Crashes to $73

Rosen Law Firm announced this week that the business is investigating potential securities claims against Strategy Inc. and Executive Chairman Michael Saylor, as the company’s stock hit a 52-week low on Thursday and its flagship preferred shares collapsed to record lows. The New York-based plaintiff firm is soliciting investors who purchased Strategy securities, including MSTR […] from Bitcoin News https://ift.tt/oYhVZIc
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5 Market Signals Reveal How AI Stocks, Oil and Bitcoin Shook Wall Street

Markets split sharply on Wednesday as lower oil prices eased inflation fears, but pressure on technology stocks, crypto assets and precious metals kept investors focused on risk. By midday June 24, the Dow Jones Industrial Average traded near 51,828, up about 163 points, while the S&P 500 slipped 0.11% to roughly 7,357. The Nasdaq Composite […] from Bitcoin News https://ift.tt/FiV27vP
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Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations

On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly 10% drop over the week and a 30%+ decline since the start of the year. Bitcoin Hits New YTD Low Below $60K Bitcoin dipped below $60,000 on June 24 amid a marketwide sell-off that saw […] from Bitcoin News https://ift.tt/AlvnZ5D
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Bitcoin Traders Defend $62,000 Support as $171M Liquidation Wave Hits Top Crypto

Bitcoin dropped roughly 3.6% in 24 hours, hitting an intraday low of $61,860 before finding support just above $62,000.This slide dragged its market capitalization down to $1.25 trillion and wiped nearly 3% off the total crypto market cap. Market Capitalization and Support Levels Bitcoin reversed course Tuesday, shedding roughly $2,500 in 24 hours amid a […] from Bitcoin News https://ift.tt/s3lpQFH
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