The price of Bitcoin has rebounded to $94,000 after dropping below $75,000 earlier this month. This recovery is largely driven by significant buying activity from large investors, often referred to as “whales.” Data from Glassnode shows that these large wallets are actively accumulating Bitcoin, with scores indicating strong buying trends among them. Smaller investors are ...
Investments in Bitcoin exchange-traded funds (ETFs) have surged, reaching their highest levels since January, indicating a recovery in investor confidence. On April 22, US spot Bitcoin ETFs recorded over $912 million in net inflows, marking a significant rebound in interest after recent trade tariff concerns. The positive sentiment among investors was boosted when US President ...
On Tuesday, Bitcoin and Ethereum experienced significant price increases, signaling renewed investor confidence. Bitcoin nearly reached $94,000, marking its biggest daily gain since April, while Ethereum surged to $1,175, its best performance since early April. This rally was fueled by easing trade tensions and supportive comments from U.S. officials, including Treasury Secretary Scott Bessent and ...
Former President Trump has expressed ongoing frustration with Federal Reserve Chair Jerome Powell, suggesting that if he wanted to, he could have Powell removed quickly. This potential firing could threaten the independence of the Federal Reserve, weakening investor confidence in U.S. assets, according to financial experts. Meanwhile, U.S. stock markets are facing significant declines, with ...
President Trump has been openly critical of Federal Reserve Chair Jerome Powell, suggesting he may consider firing him, which experts warn could lead to a lack of confidence in U.S. markets. Concerns about this potential removal have weighed heavily on stocks, causing them to drop over 2% recently. Analysts indicate that such changes could jeopardize ...
The US dollar has dropped to its lowest point in three years as investors pull away from American assets. This decline comes after Donald Trump criticized Jerome Powell, the head of the Federal Reserve, calling him ineffective and demanding interest rate cuts. As a result, the dollar has weakened against other currencies, including reaching a ...
US-based Bitcoin exchange-traded funds (ETFs) experienced their highest net inflows since January, totaling $381.3 million on April 21, driven by a significant contribution from the ARK 21Shares Bitcoin ETF. This surge in investment comes as Bitcoin prices rise, reaching a four-week high of over $88,500, despite recent volatility caused by geopolitical tensions, including trade threats ...
US stocks faced a significant downturn on Monday, driven by President Donald Trump’s intensified demands for the Federal Reserve to reduce interest rates. This led to a dip in the S&P 500 by 2.1 percent and pushed the dollar index to a 15-month low. While investor confidence in US securities waned, safe-haven assets soared, with ...
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 ...
China’s economy experienced unexpected growth in the first quarter, but officials expressed concerns about the pressures from US tariffs. Asian stock markets faced volatility after Nvidia announced new US licensing rules, affecting chip shipments to China and heightening tensions between the two economic superpowers. This news followed a temporary calm in global markets, which reacted ...
