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Four Signs That Bitcoin Has Recovered To 'Full' Bullish Momentum
Four Signs That Bitcoin Has Recovered To 'Full' Bullish Momentum
Authored by Nancy Lubale via CoinTelegraph.com,
Market analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6.
Key takeaways:
Bitcoin has successfully re-entered expansion territory as the Bull Market Support Band turned to support.
Bitcoin’s Stablecoin Supply Ratio has recovered from historic lows, indicating fresh liquidity is returning.
Bitcoin’s spot taker CVD flips positive, suggesting real spot demand is back
Bitcoin’s price momentum is expanding
Private wealth manager Swissblock stated that Bitcoin is “still at full...
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Texas Pacific Land Crashes After Largest Shareholder Dies
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Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.
Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading.
This marked the largest intraday decline in the stock since early 2020.
Stahl was described as a longtime believer in TPL, one of the largest private landowners in Texas, with most of its acreage concentrated in the...
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Oklo, X-Energy Join $200 Million Federal Nuclear Push For AI: Bloomberg
Oklo, X-Energy Join $200 Million Federal Nuclear Push For AI: Bloomberg
Bloomberg reports that reactor developers Oklo and X-energy are joining a $200 million Trump administration-led program designed to speed new nuclear power plants for artificial intelligence data centers.
Details could be announced Wednesday at a Department of Energy AI energy summit. Microsoft and Nvidia are also involved in the previously announced initiative, while several DOE national laboratories and the University of Texas at Austin are slated to share $60 million over three years, according to a document seen by Bloomberg.
“Among...
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