Bitcoin Plunges Below $84K after $115B Sell-Off Wipes Out Weekly Gains
Ethereum's ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.
The Eyes Of The Fed Are On Tariffs
The trajectory of the economy largely depends on how President Donald Trump's tariff-raising spree turns out, according to Federal Reserve officials who made public remarks this week. Several said they expected the tariffs to push up prices, and were concerned the inflation boost would not be short-lived.
King Dollar Rocked by Trump's Assault on World Economic Order
(Bloomberg) -- As US stock prices tumbled this month, John Sidawi, a fund manager at Federated Hermes, noticed something strange. Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?Gold-Rush Fever Returns to Historic New Zealand Mining TownHow SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe dollar, long a go-to hiding place during market selloffs, wasn’t ra
Crypto-Related Stocks Sink, Following Bitcoin Lower Friday
Shares of Mara Holdings, Strategy, and several other companies tied to cryptocurrencies fell Friday, along with the price of Bitcoin.
Oil Falls as Trump’s Trade War Stokes Concerns Demand May Drop
(Bloomberg) -- Oil fell on concerns that the Trump administration’s tariff onslaught will reduce energy demand.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordWest Texas Intermediate slid 0.8% to settle above $69 a barrel, retreating
FDIC Reverses U.S. Crypto Banking Policy That Demanded Prior Approvals
The U.S. banking agency withdrew policies that contributed to crypto industry accusations that it pressured institutions to "debank" digital assets customers.
Michael Saylor predicts Bitcoin will have a $500T market cap and will 'demonetize gold'
Saylor sees global capital shifting from traditional assets to Bitcoin as institutions explore its growing role in the evolving financial system.
Fed's Daly: Inflation progress has been flat, dents confidence in rate cut view
Government data on Friday showed underlying inflation rose 0.4% in February - the most in more than a year - and a survey from the University of Michigan showed consumer inflation expectations rose. "One hundred percent of my focus is on what's happening with inflation," Daly told Reuters on Friday in a follow-up call from an interview on Thursday. "The progress there hasn't been so decisive that I'm comfortable starting any kind of rate path declines right now."
Why Bitcoin, Ethereum, and Dogecoin Plunged Today
Instead, it was weak economic data that caused the sell-off. If you're wondering why cryptocurrencies aren't a hedge against the economy and inflation, you only need to look at history. The last time the economy slowed and inflation jumped, Bitcoin's value collapsed.
Crypto Card Firm Baanx Partners With Circle for Rewards Wallet
The Rewards Wallet, built using programmable wallet infrastructure from Circle, allows crypto holders access to cashback, fee discounts, and other subscription perks.