U.S. markets experienced a brief period of recovery, but quickly turned negative again as tensions between the U.S. and China intensified. Bitcoin, which had surged by over 8%, fell nearly 4% below $80,000, coinciding with a sharp decline in the Nasdaq. This downturn was driven by concerns over President Trump’s tariff policies, which reportedly increased ...
Bitcoin’s value dropped below a significant psychological level on Monday, as a global sell-off in financial markets worsened. By mid-afternoon, Bitcoin was trading at $79,019, showing a decrease of over 2% and a total decline of around 15% for the year. Following the November election, cryptocurrency prices initially surged due to President Trump’s promise to ...
Bitcoin’s recent stability, even as the Nasdaq faces turmoil from escalating trade tensions, has sparked interest in its potential as a safe investment. Despite the Nasdaq dropping significantly, Bitcoin has maintained its value above $80,000, suggesting its growing role as a hedge against Market volatility. However, investors should remain cautious due to possible short-term fluctuations, ...
Bgin Blockchain, a Singapore-based company specializing in cryptocurrency mining equipment, has announced plans for an initial public offering (IPO) to raise $50 million by selling 6.3 million shares priced between $7 and $9 each. If successful, this will give the company a Market value of approximately $652 million. Bgin focuses on designing and selling mining ...
Bgin Blockchain, a company based in Singapore that specializes in cryptocurrency mining equipment, has announced plans for its initial public offering (IPO). They aim to raise $50 million by selling 6.3 million shares at a price between $7 and $9 each, which would give the company a valuation of $652 million at the midpoint. Founded ...
Peter Schiff, a prominent investor known for his skepticism about Bitcoin, has warned that the cryptocurrency could plummet to around $20,000 if the Nasdaq stock index enters a bear Market. With the Nasdaq already down by 12%, Schiff points out that historical trends suggest significant declines in the tech Market could lead to even larger ...
Peter Schiff, a well-known investor and Bitcoin critic, predicts that Bitcoin’s price could fall to $20,000 if the Nasdaq enters a bear Market. He notes that a 12% drop in the Nasdaq already suggests potential declines in Bitcoin’s value due to their correlation. Historical data shows significant declines in the Nasdaq during past Market crashes, ...
Bitcoin’s value is closely tied to the performance of U.S. tech stocks, especially the Nasdaq. Veteran investor Peter Schiff warns that if the Nasdaq enters a bear Market, Bitcoin’s price could drop significantly. Currently, the Nasdaq is down 12%, and Schiff predicts that a further decline could lead Bitcoin to fall to $20,000 or lower. ...
The recent drop in the Nasdaq Composite, which is down over 13% from its peaks in late 2024, presents excellent long-term buying opportunities in technology stocks. Investors should consider five growth stocks during this dip, including Nvidia, known for its dominance in AI infrastructure and GPUs; Broadcom, specializing in custom AI chips; Alphabet, a leader ...
The recent drop in the Nasdaq and Bitcoin appears linked to soaring Japanese government bond yields and a stronger Japanese yen, a trend reminiscent of Market behaviors seen in August. Analysts suggest that the yen’s rise could trigger increased risk aversion in both stock and cryptocurrency markets. However, with speculators heavily invested in the yen, ...
