Bitcoin’s value increased after US President Donald Trump confirmed that he would not remove Federal Reserve Chair Jerome Powell, calming fears about the central bank’s independence. The cryptocurrency saw a rise of about 3% and was trading at approximately $93,804. Smaller tokens like Ether, XRP, and Solana also gained. Bitcoin recently surpassed $90,000 for the ...
Macroeconomist Lyn Alden is making headlines with her prediction that Bitcoin could soar to $85,000 by 2025. Despite recent Market fluctuations, she draws parallels to the 2003-2007 period, suggesting that significant changes in the Market could drive this increase. Alden points out that U.S. tariffs and global liquidity will play crucial roles in Bitcoin’s future ...
Bitcoin’s price may face challenges following disappointing manufacturing data from the US Federal Reserve. The Philadelphia Federal Reserve Manufacturing Index showed significant declines in business activity, raising concerns about Bitcoin’s short-term stability. Currently trading around $84,000, analysts suggest that the cryptocurrency is under pressure but could rebound if it stays above $83,000. Economic fears are ...
The stock Market continues to struggle following the Trump administration’s turbulent implementation of tariffs, exacerbated by the Federal Reserve’s grim economic forecasts. During a recent speech, Fed Chairman Jerome Powell highlighted the uncertain impacts of these tariffs, suggesting they could lead to higher inflation and slower growth. As a result, major indices fell sharply, including ...
Bitcoin’s long-term holder realized cap has crossed $18 billion for the first time since September 2024, indicating a potential shift in Market trends. This metric reflects the cost basis of Bitcoin held for over 155 days and suggests that long-term holders are accumulating more, aligning with previous Market bottoms. Notably, Bitcoin’s open interest has also ...
The recent announcement of a flat 10 percent tariff on global imports by President Trump has sent shockwaves through both stock and cryptocurrency markets. Following this announcement, major cryptocurrencies like Bitcoin experienced significant losses, dropping to around $74,500, while Ethereum fell over 20%. Many voices in the crypto community had believed that digital assets would ...
Bitcoin experienced a 7% drop in value, falling from $88,060 to $82,036, resulting in $158 million in liquidations for long positions. This decline coincided with gold reaching a record high, challenging Bitcoin’s status as “digital gold.” However, experts anticipate a potential Bitcoin rally as various governments work to prevent an economic crisis. Despite recent outflows ...
Bitcoin’s recent price drop could offer a good buying chance, according to Tide Capital. With risk of a U.S. recession rising and significant sell-offs across markets, many investors are seeking safe-haven assets. Despite these challenges, Tide Capital sees promising signs: extreme Market pessimism, a slowdown in the Federal Reserve’s tightening policies, and increased demand for ...
Bitcoin’s price remained stable early Wednesday after the Bank of Japan voted to keep its key interest rate at 0.5%. Traders are now anticipating comments from Federal Reserve Chairman Jerome Powell, who is set to speak later today. Currently, Bitcoin has seen a slight increase of 1.7%, trading at around $83,765, but trading volume has ...
Bitcoin’s price rose above $84,000 on Wednesday, driven by new U.S. inflation data showing a lower-than-expected rise of 2.8% in February. This eased concerns over the Federal Reserve’s potential rate hikes. The report revealed that core inflation increased by 3.1%, slightly down from January’s 3.3%. Overall, the positive data boosted investor confidence, leading to gains ...
