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Crypto

Bitcoin rebound does not mean safe, $50,000 is real bottom

Bitcoin has staged a short-term rebound, climbing about 3 percent in a day to regain $71,000, roughly 20 percent above last week’s 15-month low. But scepticism remains about whether the recovery can last ahead of the weekly close. Analysts pointed to patterns resembling the 2022 bear market and warned of further downside if key moving averages are not reclaimed. U.S. spot bitcoin ETFs were also cited as a burden.

Crypto

Is XRP's drop an opportunity? Could it create new millionaires?

XRP fell to $1.11, its lowest in about 15 months, after dropping 19.6 percent on Feb. 5 during a broader market selloff and then extending losses, The Crypto Basic reported. The token later rebounded above $1.4, though its next move is seen as uncertain. Santiment said whale investors accumulated XRP during the downturn. Calculations in the report show how lower prices raise the number of tokens buyers can acquire with a given amount.

AI & Enterprise

Big Tech stalls after $1 trillion wiped out as market jitters persist

Big Tech shares are showing little movement after about $1 trillion in market value was wiped out, with market jitters persisting, CNBC reported on Feb. 9. Oracle rose 1.5 percent and Microsoft gained 0.8 percent, while Meta and Amazon fell. Alphabet slid 0.6 percent and Nvidia dropped 1 percent. CNBC said the declines reflect surging expected spending as companies intensify AI investment.