While this is a respectable gain, Bitcoin (CRYPTO: BTC) has fared much better. Despite a volatile journey that has seen multiple price dips, like the one we are currently witnessing, the leading digital asset has been a fantastic wealth generator for investors. Bitcoin has had a long journey to get it to its current position as a $1.6 trillion asset.
The vibes and the data appear to be aligning for the US economy. Just not in a good way.
(Bloomberg) -- The euphoria over Chinese stocks has hammered much of the country’s debt market, with a notable exception: convertible bonds.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCThe CSI Convertible Bond Index, a gauge measuring the performance of such
The IMF emphasizes the importance of prudently managing liquidity, market, and credit risks — criteria that bitcoin, with its erratic nature, does not satisfy.
The stablecoin supply in the cryptocurrency market has recently surged to over $219 billion, suggesting that the market is still in the middle of a bull cycle rather than nearing its peak.
Bitcoin's price has dropped 22% from its record high of $109,000 on Jan. 20, 2025, the day of Donald Trump's inauguration.
A growing number of top investors now consider Bitcoin to be superior to physical gold as a store of value, a hedge against inflation, and a safe haven amid economic uncertainty. To answer that question, it's important to understand the unique characteristics and features of Bitcoin. Most importantly, the total lifetime supply of Bitcoin is capped at 21 million coins, and nearly 20 million coins are already in existence.
Traders say the current sell-off could have been caused by an unwinding of ETF and spot linked traders.
A major Bitcoin whale has placed a $368 million short position with 40x leverage, betting on a price decline in the cryptocurrency.
The city of Doncaster, South Yorkshire, is a long way from the gleaming skyscrapers of Boston, Massachusetts, but they are both places that the British stock picker Jeremy Grantham calls home.
