Bitcoin’s Growing US Stocks Correlation Triggers 50% BTC Price Crash Setup

Bitcoin (BTC) erased much of its US-Iran war-driven gains this week, moving back in sync with the broader downtrend in risk assets, mainly US equities.Key takeaways:Bitcoin’s positive flip in S&P 500 correlation has historically preceded average declines of around 50% since 2018.BTC is exposed to a broader risk-asset sell-off due to rising macro pressure.As of Sunday, BTC/USD had fallen 5.65% week-to-date to about $68,700, while the S&P 500 (SPX) closed the week down 1.90%.BTC/USD weekly…

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LA Metro computer hack causes commuter chaos

A security breach Los Angeles Metro‘s internal computer systems this week left commuters unable to pay for rides or see arriving train times. Agency officials confirmed Thursday that a “security concern” triggered the shutdown of several internal systems and the restriction of access to its administrative computer network. The action…

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Resolv Labs’ Stablecoin Depegs Amid Exploit

A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit the token’s contract to create millions of tokens for themselves.Resolv Labs posted to X on Sunday that it had experienced an exploit that allowed an attacker…

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