Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Flash
  • 15:43
    "Big Short" Michael Burry: Bitcoin is the "tulip bulb" of our era and has no value
    BlockBeats News, December 2, according to businessinsider, Michael Burry, the prototype of the movie "The Big Short" and a well-known investor, referred to bitcoin as "the tulip bulb of our time" in a podcast hosted by Michael Lewis, the author of "The Big Short," which aired on Tuesday, alluding to the tulip market crash in the 1600s caused by speculative bubbles. Burry said: "I think bitcoin reaching $100,000 is the most ridiculous thing." He described this cryptocurrency as "worthless." Burry also told Lewis: "Bitcoin is even worse than tulip bulbs because it has fueled the deep development of a lot of criminal activity."
  • 15:43
    The "new 100% win rate trader" shorted 500 BTC with 40x leverage.
    BlockBeats News, December 2, according to monitoring by Lookonchain, a certain trader is currently maintaining a 100% win rate. In the past 11 days, the trader has completed 9 trades, earning a profit of $2.12 million. Currently, the trader is shorting 500 bitcoin (approximately $43.88 million) with 40x leverage, with a liquidation price of $93,392.53.
  • 15:42
    Deutsche Bank: If the next Federal Reserve Chair fails to effectively address inflation risks, the US dollar may face downward pressure
    BlockBeats News, December 2, Deutsche Bank analyst Antje Praefcke pointed out that if the next Federal Reserve Chair responds to U.S. President Trump's call for interest rate cuts while inflation remains high, the U.S. dollar could face downward pressure. Hassett, the current White House National Economic Council Director who is expected to be nominated, is seen as a staunch supporter of Trump. Praefcke believes this increases the likelihood of a Federal Reserve rate cut. If the Federal Reserve fails to effectively curb inflation risks, it will have a negative impact on the currency. She stated that although this situation has not yet occurred, "the mere market expectation that the Federal Reserve might take a more dovish stance on inflation is enough to put pressure on the U.S. dollar." (Golden Ten Data)
News
© 2025 Bitget