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The digital asset briefly reclaimed $116K early Tuesday morning, after falling as low as $113K overnight. BTC Briefly Rebounds as Equities Hit New Peaks Stock markets were awash in green as several companies blew past analysts’ expectations on Tuesday. The S&P 500 notched another fresh intraday high after companies such as Paypal and UPS posted … Read more
The cryptocurrency topped $116K as tensions between the world’s two largest economies showed signs of easing. Markets Surge Amid Signs of a US-China Trade Resolution Although it was the marvel of a 79-year-old Donald Trump dancing on his arrival in Malaysia that captured hearts across the globe this weekend, markets were more focused on the … Read more
Friday’s consumer price index (CPI) is the only official economic data that has been published during the ongoing U.S. government shutdown. Bitcoin Tops $111K As Inflation Cools The pace of inflation was slower than what many economists predicted according to the latest CPI report published by the U.S. Bureau of Labor Statistics (BLS) on Friday … Read more
The figure also represents “the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic,” according to the Associated Press. U.S. Debt Tops $38 Trillion, Bitcoin Tops $110,000 The U.S. national debt broke $38 trillion on Wednesday after what the Associated Press reported as “the fastest accumulation of a trillion dollars in … Read more
The ominous prediction comes in the wake of yet another market slump that saw both bitcoin and stocks slipping into red territory. Analyst Warning: Standard Chartered Predicts Bitcoin Could Slip Below $100K A little over two weeks since bitcoin printed a fresh all-time high of $126K, analysts are already predicting a drop below six figures, … Read more
The deal comes just days after China moved to expand export controls on its critical minerals in an alleged effort to increase its dominance over the market. Bitcoin Hits $113K Following Major US-Australia Rare Earths Agreement U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed an $8.5 billion rare earths agreement on Monday, … Read more
The U.S. Federal government shutdown entered its 20th day on Monday, but signs of an imminent resolution are thawing markets. Bitcoin Reclaims $111K as White House Hints at Resolution of Government Shutdown White House Economic Advisor Kevin Hassett, hinted at a possible resolution to the legislative impasse behind the U.S. Federal government shutdown during a … Read more
The embattled cryptocurrency fell to $103K early Friday before clawing its way back to $106K in the afternoon. Jamie Dimon’s ‘Cockroach’ Remark Deepens Bitcoin Sell-Off An offhanded quip by Jamie Dimon, CEO of JPMorgan Chase (JPM) on Tuesday, may have tanked stocks as fears of a bank credit crunch triggered a multi-day sell-off. But while … Read more
The leading cryptocurrency’s price fell below $108K on Thursday afternoon as friction between the world’s two largest economies intensified. Bitcoin Tanks, Stocks Bleed, After China Wags Finger at US Just a day after U.S. Treasury Secretary Scott Bessent declared “This is China versus the world,” in response to Beijing’s expansion of its rare earths export … Read more
U.S. Treasury Secretary Scott Bessent says the move is necessary to compete effectively against “non-market” economies like China. Trump’s Anti-China Price Controls Send Bitcoin to $111K China and the U.S. are now embroiled in an all-out trade war and it appears bitcoin has taken the brunt of the impact, more so than stocks. U.S. Treasury … Read more
