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 »Bitcoin Slips as Traders Eye Fed Decision, Trump’s Crypto Stance
Bitcoin dipped 0.5% to $102,140.0 by 08:14 ET (13:14 GMT) on Wednesday, as bargain buying failed to fully offset recent losses. Sentiment remained fragile amid uncertainty over U.S. trade policy, Federal Reserve rate decisions, and crypto regulations. Key Market Factors 1. Trump’s Trade and Crypto Policies Create Uncertainty The White …
Read More »FOMC’s January 2025 Decision: What to Expect
As the Federal Open Market Committee prepares to announce its January 2025 monetary policy decision, the financial world is watching closely. The Fed’s actions will hinge on the interplay of inflation, economic growth, and labour market dynamics, with global risks and fiscal policy adding further complexity. This decision comes at …
Read More »Bitcoin Rebounds Amid Market Jitters and Trump’s Crypto Moves
Bitcoin regained some ground on Tuesday, recovering from recent losses as bargain hunters took advantage of the cryptocurrency’s dip below the $100,000 mark. Despite the rebound, traders remained cautious amid concerns over a potential market rout spurred by artificial intelligence developments and political uncertainty surrounding U.S. President Donald Trump’s stance …
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