Cointime

Cointime

Download App
iOS & Android
Home / Point

BTC Falls Below $64,000

Market data shows that BTC has fallen below $64,000, currently priced at $63,865.34, with a 24-hour decline of 2.34%. The market is experiencing significant volatility, so please ensure proper risk management.

Comments

All Comments

Recommended for you

  • BlackRock Issues $12.55 Billion Meta Data Center Bonds with 7.534% Yield

    On July 28, Bloomberg reported that BlackRock issued $12.55 billion in investment-grade bonds for Meta's data center project located in El Paso, Texas, which rose during early trading on Monday. The yield on these bonds was 7.534%, 287.5 basis points higher than U.S. Treasury yields, a level more commonly seen in the junk bond market. During the issuance phase, the subscription size for the related bonds was approximately $20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, and the yield spread in the secondary market narrowed to about 260 basis points above U.S. Treasuries, down from 287.5 basis points at issuance. Recently, technology companies have been heavily engaged in large-scale bond financing, putting pressure on investors' capacity to absorb new AI-related debt. There has been a sell-off in tech bonds, as companies like Alphabet continue to expand capital expenditures and may issue more bonds, which has weakened market demand for newly issued bonds. The early performance of BlackRock's bonds contrasts with recent issuances from companies like SpaceX. After SpaceX completed its first investment-grade bond issuance in June, the related bonds fell in the secondary market, leading investors to face significant paper losses.

  • Financing Balance in Two Markets Increases by 10.025 Billion Yuan

    As of July 27, the financing balance on the Shanghai Stock Exchange was reported at 1.364315 trillion yuan, an increase of 13.67 billion yuan compared to the previous trading day; the financing balance on the Shenzhen Stock Exchange was reported at 1.303962 trillion yuan, a decrease of 3.645 billion yuan from the previous trading day. The total financing balance for both markets reached 2.668277 trillion yuan, an increase of 10.025 billion yuan compared to the previous trading day. (Jin Shi)

  • SK Hynix Loses $47 Billion in Market Value as Storage Chip Boom Shows Cracks

    On July 28, SK Hynix saw its market value evaporate by $47 billion in just over a month, transforming from one of the hottest themes in global artificial intelligence (AI) trading into a problematic holding in investment portfolios. Investors are concerned about overcrowding in AI-themed trades and the sharp increase in volatility due to leveraged trading, leading to a nearly 38% drop in the company's stock price from its historical high in June. During this period, SK Hynix's market value decline was only surpassed globally by SpaceX. While the AI boom has driven chip prices up, SK Hynix is expected to announce record quarterly results on Wednesday, but investors are becoming increasingly cautious, worried that rising storage chip costs may force users to reduce consumption and turn to cheaper alternatives.

  • Kioxia Holdings Shares Plunge 18%

    The Nikkei 225 index fell sharply by 4.00% during the day, currently reported at 62,320.32 points. Kioxia Holdings shares plummeted by 18%.

  • Nikkei Index Declines, Down 1.9% to 63,691.35 Points

    On July 28, the Nikkei Index saw an expanded decline, currently down 1.9% to 63,691.35 points.

  • Korean Stocks Drop Over 7%

    On July 28, the KOSPI index in South Korea fell by more than 7%, with SK Hynix dropping over 10% and Samsung Electronics declining by nearly 9%.

  • BitMine Receives 7,500 ETH from BitGo

    On July 28, according to on-chain analyst Yu Jin, BitMine received 7,500 ETH (approximately $14.61 million) from BitGo four hours ago.

  • Nikkei Index Falls 3% Amid Chip and Metal Stock Declines

    On July 28, following a decline in U.S. tech stocks overnight, the Japanese stock market opened lower, with the Nikkei index dropping by 3%. Uncertainty surrounding the conflict in Iran has also put pressure on the market. Chip and metal stocks led the decline, with Advantest down 8.0% and Mitsui Kinzoku down 6.1%. Investors are closely monitoring the developments in oil prices and the situation in the Middle East after Saudi Arabia reported intercepting drones launched by Iran-backed militias targeting its oil facilities from within Iraq.

  • SpaceX Loses Value Equivalent to One Tesla

    As of the market close on July 28, SpaceX's stock price reached a new post-IPO closing low of $113.50 after recording its 13th decline in the past 16 trading days. Since hitting a high of $225.64 in June, SpaceX's market value has evaporated by over $1.2 trillion, a figure that nearly matches the current market value of Tesla, another company owned by Elon Musk, which has just fallen to a nearly one-year low.

  • SK Hynix Shares Drop Approximately 8% in Pre-Market Trading

    On July 28, SK Hynix shares fell approximately 8% in pre-market trading.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company