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Crypto

Bitcoin will rise in the end even if AI bubble bursts or rates rise

Bitwise said Bitcoin is likely to rise over the long term regardless of how artificial intelligence trends or U.S. interest rates evolve. CIO Matt Hougan said markets are weighing recession risks and what a collapse in an AI bubble would mean for Bitcoin. He said AI-driven growth could push investors toward hard-to-copy assets, while an AI bust could prompt policy support, rate cuts and faster money supply growth.

Crypto

U.S. September CPI surprise hits XRP, renews Fed tightening fears

XRP slid after the U.S. September consumer price index came in above market expectations, triggering immediate selling pressure after the release from the Bureau of Labor Statistics. Monthly CPI rose 0.6 percent and the annual rate increased to 3.7 percent from 3.4 percent in August, while core inflation also exceeded forecasts. Bitcoin fell within minutes and the crypto market shed about $40 billion in value.

Crypto

Shiba Inu faces first October death cross; could slide into $0.000004 range

Shiba Inu formed its first death cross of October on a four-hour chart, signaling near-term weakness. U.Today reported the 50-day moving average fell below the 200-day moving average after three straight sessions of declines. The token traded below $0.000005, falling 3.88 percent over 24 hours to $0.000005015 and down 6.66 percent over seven days. Markets reacted to higher U.S. CPI and a Fed rate hike, with attention on support near $0.000005.