After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbor asset. Once cast as a hedge against market turmoil — a “digital gold” for the blockchain age — the original cryptocurrency stabilized Friday morning in Singapore after sliding alongside global equities and credit to …
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Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin BTC$112,353.87, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. …
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Growing fiscal concerns in some of the world’s biggest economies are adding momentum to a so-called “debasement trade,” as investors flock to the perceived safety of Bitcoin, gold and silver while pulling away from major currencies. The yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next prime minister. The dollar, which has weakened about …
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Key takeaways: Bitcoin price charts from 2021 hint at a crash toward $60,000 if history repeats. Bulls see $104,000 support holding, with targets at $140,000 or higher. Bitcoin (BTC) has dropped more than 12.75% from its record high above $124,500, splitting traders into two camps. One sees it as a routine bull market correction, while others warn that a new …
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The 38th week of the year is historically the third-worst performing week for bitcoin, averaging a return of -2.25%. Only week 28 (-2.78%) and week 14 (-3.91%) have been weaker historically, according to Coinglass data. This week, bitcoin is already down nearly 2%, trading around $113,000, with September’s monthly options expiry pointing to a max pain level at $110,000, according …
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Bitcoin (BTC) is poised to grow in price and adoption regardless of the macroeconomic scenarios that will unfold in the coming years and decades, as the global financial system heads for a Fourth Turning-style reset, according to market analyst Jordi Visser. Visser told Anthony Pompliano that the average person has lost confidence in all legacy institutions, which should drive investment …
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Bitcoin Price (BTC) News: Touched on BOJ ETF Unwind CoinDesk BOJ to unwind ETF holdings as split board signals hawkish shift Reuters Stocks sell off as Bank of Japan unveils plan to unwind $250bn of ETFs Financial Times Bank of Japan to Start Offloading More Assets The Wall Street Journal Japan’s Nikkei 225 erases gains to trade lower after BOJ keeps interest rate steady CNBC …
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A long-term Bitcoin holder who sold $4 billion of his holdings for Ether last month has started selling again as Bitcoin crossed $116,000 for the first time in three weeks. Two Bitcoin (BTC) wallets tied to an address that had held onto the cryptocurrency for over eight years deposited 1,176 BTC worth over $136 million into the trading platform Hyperliquid on …
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Key Takeaways Ethereum surged nearly 19% in August as Bitcoin dropped 6.5%. In the ETH vs. BTC race, Ethereum looks sharp and Bitcoin feels stuck. Could September finally tip the momentum in ETH’s favor? Ethereum [ETH] has clearly outpaced Bitcoin [BTC] in August ROI. Looking back, BTC has had a rough history in August, logging back-to-back red closes over the …
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There are few things more insufferable in financial markets than seasonal indicator discussions. The grandaddy may be “sell in May, then go away,” which gets dragged out every spring, but probably hasn’t been a valid signal since the days of Jesse Livermore, when traders literally sold in May and then headed to the beach for the summer. A set of …
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