Crypto entrepreneur Anthony Pompliano highlights that Bitcoin holders were early to identify flaws in U.S. economic data and positioned themselves for potential gains. He claims that many finance professionals misinterpret tariff impacts because they trust government statistics, which he believes are unreliable. This skepticism about U.S. inflation, employment, and GDP figures is supported by Treasury ...
Traders are shifting focus from an oversold Market and U.S. tariffs to upcoming economic data and potential rate cuts, anticipating a rebound in Bitcoin’s value soon. Following President Trump’s recent tariff announcement, crypto markets experienced significant volatility, with major cryptocurrencies like Bitcoin, Ethereum, and XRP initially rising, then dropping as global markets reacted negatively. However, ...
On Friday, hopes for a cryptocurrency recovery faded as the Market experienced a significant decline, erasing the week’s earlier gains. Bitcoin fell from nearly $88,000 to around $83,800, a drop of 3.8%, while the CoinDesk 20 Index dropped by 5.7%, with major cryptos like Avalanche, Polygon, Near, and Uniswap losing close to 10%. This sell-off ...
A prominent Bitcoin investor, often referred to as a whale, is betting heavily on a decline in Bitcoin’s price, opening a $368 million short position using 40 times leverage. This means they are betting that Bitcoin will drop in value, which could lead to significant gains or losses due to the high stakes involved. With ...
The cryptocurrency Market has shown signs of stability recently, with Bitcoin reaching $84,000 before facing some volatility. A recent U.S. CPI report suggesting interest rate cuts by the Federal Reserve has positively influenced trader sentiment, particularly in the memecoin sector and blockchain tokens. However, concerns remain due to potential economic issues like U.S. tariffs and ...
Bitcoin’s price is steady around $82,500 after a 5.52% rise recently. However, a K33 report reveals that the cryptocurrency Market, like stocks, is facing significant sell-offs amid worries about a weak global economy. Traders need to be cautious, especially with important US economic data coming out soon, which could cause more price fluctuations. The report ...
This week saw significant macroeconomic shifts, with the US economy outperforming expectations, impacting riskier assets and delaying interest rate cuts. Despite these challenging signs for Bitcoin, which is holding steady around $96,000, traders remain cautious amid escalating trade war fears linked to former President Trump’s threats. Bitcoin’s recent short-term analysis shows a potential bearish double-top ...
Bitcoin has surged past $97,000, defying recent inflation reports that were warmer than expected. Despite concerns about rising prices and the Federal Reserve’s cautious approach to interest rates, many investors remain optimistic. Andre Dragosch from Bitwise suggests that upcoming inflation data could show improvement, offering hope for a short-term price boost. Historical trends indicate the ...
Bitcoin is currently facing a critical moment as it attempts to recover from a recent drop, trading at around $97,300, down from its peak of $109,114. With U.S. economic data releases on the horizon, including inflation reports and Federal Reserve signals, traders are on high alert. Recent Market indicators suggest bearish momentum for Bitcoin, as ...
The Federal Reserve decided to keep interest rates steady, which strengthened the US dollar. Meanwhile, former President Trump announced plans to impose tariffs on Canada and Mexico, further boosting the dollar’s appeal. In Australia, inflation rose less than expected, increasing bets on a possible rate cut by the Reserve Bank of Australia. This combination of ...
