News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
The Goldman Sachs CEO joined CNBC for an interview from the Summer Olympics in Paris, France.“I’ve always said I think it’s a speculative investment,” David Solomon said. “I don’t see a real use case.”
Ethereum is poised for larger price swings than bitcoin, with its volatility premium widening to 8%, analysts said.Analysts favor Ethereum accumulation due to its cost-effective spot price and robust performance amid wider crypto market fluctuations.
Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.
Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.
- 13:25Analysis: BTC's Rise Amid Stock Market Plunge is Uncommon, Worth Noting as a "Digital Gold" TrendPANews reported on May 2, according to MarketWatch, that earlier this month, U.S. Treasury bonds experienced a significant sell-off, while Bitcoin has shown relative strength compared to U.S. stocks and the dollar in recent weeks. However, Nationwide Financial's Chief Market Strategist Mark Hackett believes this does not mean Bitcoin has suddenly joined the ranks of traditional safe-haven assets or has become a store of value or defensive asset. Gold is clearly a defensive asset, while Bitcoin is more of a risk appetite asset rather than a safe-haven asset, with changes only occurring recently. It is "premature" for Bitcoin bulls to claim it has become a store of value, but this trend is worth watching.
- 13:25Bloomberg Analyst: Does Not Consider Suitcoiner a Threat to Bitcoin's StructurePANews reported on May 2 that Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform stating that a new term "Suitcoiners" has emerged among Wall Street financial industry professionals. This term is derived from "Real Suits" and is used to describe all ETF, government, and institutional buyers. There are concerns that if the Suitcoiners collude, they might pose a threat to the structure of Bitcoin in the future. However, he does not believe this will happen, as similar unrealized concerns have existed with stock voting. Nevertheless, it is indeed a fear.
- 13:24U.S. Nonfarm Payrolls for February and March Revised Down by 58,000PANews May 2nd news, according to Jinshi reports, U.S. Bureau of Labor Statistics: February non-farm payrolls were revised from 117,000 to 102,000; March non-farm payrolls were revised from 228,000 to 185,000. After revision, the total number of new jobs in February and March is 58,000 less than before the revision. In addition, U.S. seasonally adjusted non-farm payrolls increased by 177,000 in April, higher than the expected 130,000. The U.S. unemployment rate in April remained stable at 4.2%, in line with market expectations.