Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves
BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell.
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Summary
- Bitcoin traded just below $82,800 after a brief surge to nearly $85,000 reversed, leaving the cryptocurrency near a key $82,500 support level that some analysts say could precede a slide toward $70,000.
- Most major cryptocurrencies declined, with HYPE, Dogecoin and Solana among the laggards, while Zcash gained nearly 3% and XRP edged higher.
- Disappointing corporate outlooks and renewed doubts about artificial intelligence spending weighed on U.S. stock futures and Asian markets, while oil rose amid renewed Middle East tensions.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
