Features Crypto News by Thebittimes.Com

Bitcoin surged past $124k, setting a new all-time high (ATH) and briefly overtaking Google’s $2.488 trillion market capitalization to become the world’s fifth-most valuable asset. BTC hit a record high of $124,457.12 in the past 24 hours before pulling back to trade at $121,692 as of 12:28 a.m. EST. The crypto king is up more 1.3% in the past day and 5.8% in the past last week amid buoyant market sentiment. Investors are betting that lower-than-expected US CPI inflation this week and pressure from President Donald Trump will bring interest rates cuts next month. Trump today called for a one basis point cut, while Treasury Secretary Scott Bessent yesterday urged a 50 basis point cut. The surge also saw Strategy’s BTC holdings close at a new ATH of $77.2 billion, said executive chair, Michael Saylor, in a post on X. And according to blockchain analytics firm Arkham Intelligence, the value of Bitcoin held by Elon Musk’s SpaceX also has surpassed $1 billion. The...

Despite the US stock market rally that reinvigorated Wall Street this week, one top tech company may be poised to take a major hit. Indeed, Apple (AAPL) may be set to lose $20 billion in revenue as the Magnificent 7 stock could be the one that pays the price. The iPhone developer has long been dependent on the payment from Alphabet (GOOGL) that makes its Google search engine the default for all of its consumer electronics. That could be set to go away soon. The implications are so worrisome that Apple Vice President Eddy Cue recently said he “loses sleep” at the thought of no longer having the revenue. Source: MacRumors Also Read: Apple (AAPL): 3 Factors That Will Make or Break Its 2025 Price Apple Faces Losing $20B in Revenue: Could the Stock Crash? The US stock market rebounded in a big way this week. Indeed, with geopolitical tension easing and trade deals imminent, there is a bullish sentiment beginning to arrive. Throughout the week so far, the S&P 500 gained so mu...