Bitcoin’s recent price action has sparked considerable interest, particularly its swift recovery after an initial dip triggered by unexpectedly high U.S. inflation data. This rebound, coupled with other market dynamics, raises questions about the forces currently shaping the cryptocurrency landscape.Inflation’s Impact and the Fed’s HawkishnessThe release of stronger-than-anticipated Consumer Price …
Read More »Bitcoin Price Recovers Slightly, But Concerns on Fresh Tariffs, Inflation Persist
The price of bitcoin has somewhat recovered, but inflation and new tariff worries are still present. Following a sharp decline over the weekend due to worries about new trade tariffs, Bitcoin witnessed a slight comeback on Monday, rising 1.3% to $97,873.0. Growing trade tensions between the United States and China …
Read More »Decoding Looming NFP Report: A Deep Dive into the Numbers and Market Implications
The U.S. Bureau of Labour Statistics (BLS) is poised to release its January Nonfarm Payrolls (NFP) report, a critical economic indicator that provides insights into the health of the U.S. labour market. The consensus forecast anticipates an increase of around 170,000 jobs, following a 256,000 increase in December. This report …
Read More »Bitcoin Holds Steady as U.S.-China Trade Tensions Weigh on Market
Bitcoin remained largely stable on Friday, reflecting muted risk appetite amid escalating trade tensions between the U.S. and China. Meanwhile, MicroStrategy (NASDAQ:MSTR) reported its fourth consecutive quarterly loss, though it continued expanding its Bitcoin holdings. Bitcoin Market Update Bitcoin (BTC/USD): $97,742.7 (-0.3%) as of 00:35 ET (05:35 GMT) Market Sentiment: …
Read More »Bitcoin Retreats Below $100,000 Amid Intensifying U.S.-China Trade Tensions
Bitcoin extended its losses on Wednesday, retreating below the critical $100,000 threshold as escalating U.S.-China trade tensions fueled investor caution and heightened global market volatility. As of 1:45 ET (06:55 GMT), Bitcoin (BTC) was down 1.8% at $97,601.8, failing to sustain gains after briefly surpassing the six-figure milestone in recent …
Read More »Bitcoin and Cryptos Rebound as Tariff Delays Boost Market Sentiment
Bitcoin and other major cryptocurrencies rebounded on Tuesday as markets welcomed U.S. President Donald Trump’s decision to delay new tariffs on Canada and Mexico, easing liquidity concerns and encouraging dip buying. Crypto Market Movements Bitcoin (BTC): +5.6% to $99,327.5 Briefly surged past $100,000 on Monday evening after the tariff delay. …
Read More »Bitcoin and Cryptos Plunge as Trump’s Tariffs Stoke Risk Aversion
Cryptocurrency markets tumbled sharply on Monday, as risk appetite took a hit following U.S. President Donald Trump’s decision to impose new trade tariffs on China, Canada, and Mexico. Market Impact: Bitcoin (BTC) plummeted 10% to $91,695.8 Ethereum (ETH) slumped 22.7% to $2,434.84 $TRUMP memecoin, launched by Trump in January, hit …
Read More »Weekly market recap: Was the greenback the biggest gainer last week?
US Dollar ended last week higher buoyed several market drivers, including concerns of Trump’s administration tariffs, Federal Reserve Bank rate decision and its chief Jerome Powell’s statements, and US data of inflation and spending. Such market drivers were impactful om the greenback and all other traded assets in global financial …
Read More »Bitcoin Slips as Trump’s Tariff Threats Weigh on Risk Appetite
Bitcoin edged lower on Friday, facing a muted weekly performance as investor sentiment remained cautious over U.S. trade tariffs under President Donald Trump. The market also awaited key PCE inflation data, which could shape expectations for Federal Reserve interest rate policy. Bitcoin (BTC) fell 1.1% to $104,379.6 by 00:33 ET …
Read More »Bitcoin Ascends as Fed Acknowledges Crypto’s Place in Banking
Bitcoin (BTC) experienced a notable price surge, exceeding $105,000, after the Federal Reserve opted to maintain its current interest rate levels. A significant catalyst for this upward movement was Federal Reserve Chairman Jerome Powell’s commentary regarding the role of banks in serving cryptocurrency clients.Powell’s Words and Market RepercussionsPowell stated that …
Read More »