Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook
Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, warned about the impact of higher than expected US trade tariffs. Bitcoin reacted worse than US stocks after President Donald Trump announced reciprocal trade tariffs on April 2. The Philadelphia Fed’s Business Outlook Survey (BOS) came back under 15 for the first time since the start of 2024.
US President Donald Trump introduced a slew of tariffs on April 2, sending markets into a tailspin. The long-term effect of the new taxes on global markets is unknown. Some believe that the crypto market is due for a boom as investors seek an alternative for traditional investments. Others are concerned about the effect tariffs could have on mining equipment, …
Bitcoin drops 8%, US markets shed $2T in value — Should traders expect an oversold bounce?
On April 3, the S&P 500 saw a 4.2% drop at market open. The Dow Jones Industrial Average fell 3.41%, to 40,785.41 from 42,225.32. The Nasdaq Composite dropped 5.23%. Bitcoin’s value dropped by 8%.
Donald Trump's speech on Wednesday made it clear that the world has entered a new stage: that of the United States against all. In the first minutes of the intervention, Bitcoin began to climb quickly, touching the $ 88,000. Now it is quoted in the 83,000, stagnant at the same levels at which it has stayed in recent weeks. Bitcoin, …
Stocks tumble and dollar weakens as recession fears grip Wall Street
The Dow opened lower by 1,116 points, or 2.64%. The broader S&P 500 index was 3.24% lower. The tech-heavy Nasdaq sank 4.33% at the open. The US dollar fell to its weakest level since October. Gold surged to a new record above $3,160 a troy ounce.
Dallas Fed report explains why the job market is resilient despite higher interest rates set by the Federal Reserve. Sectors like health care and the federal or state governments are less sensitive to interest rates. Immigration and public investments also play a role in the labor market resilience.
‘National emergency’ as Trump’s tariffs dent crypto prices
Crypto markets dipped after US President Donald Trump's declaration of a national emergency and sweeping tariffs on all countries. The total crypto market cap dropped 5.3% to $2.7 trillion. The Trump administration has hit all countries with a 10% tariff starting April 5. Some countries are facing even larger rates, such as China facing a 34% tariff and the European …
The Dow opened lower by 1,116 points, or 2.64%. The broader S&P 500 index was 3.24% lower. The tech-heavy Nasdaq sank 4.33% at the open. The US dollar fell to its weakest level since October. Gold surged to a new record above $3,160 a troy ounce.
Beyond the hype: How Bitcoin stays true to its values
The latest episode of The Clear Crypto Podcast uncoversies the evolution of Bitcoin and its role in the global financial system. The discussion highlights the growing importance of layer-2 solutions like the Lightning Network, which aim to make Bitcoin practical for everyday transactions by enabling users to transact in satoshis.
Both the United States and the euro zone face important challenges. The current difficulties could lead to tensions in the markets and force to rethink budgetary priorities. The European Commission wishes to temporarily more flexible fiscal rules to allow defense spending. France, Italy and Spain already dragged high levels of debt. The euro zone faces internal tensions between countries with …