U.S. stocks edged higher Friday following remarks from the White House indicating the Trump administration’s confidence in securing a trade agreement with China. On the same day, Susan Collins, the president and CEO of the Federal Reserve Bank of Boston, stated that the central bank stands ready to implement measures aimed at steadying financial markets. […] Source CryptoX Portal
The US stock market is still processing the latest events, as Trump’s tariff pause leads to recovery, while Bitcoin is back above $82,000. Major stock indices are is still recovering from the panic brought on by the escalating U.S. trade war. On April 11, the S&P 500 gained 43.75 points, up 0.83%, reaching 5,531. At the same time, the Nasdaq was at 16,555.96, up 168.65 points or 1.02%, while the Dow Jones was at 39,910, up 0.80% or 316.40 points. The relatively stronger performance of the tech-heavy Nasdaq suggests that…
President Donald Trump’s “Liberation Day” tariffs triggered a global financial rout last week, with bitcoin plunging to $74,500 and ethereum to $1,380—their lowest since early 2023—according to an April 9 Glassnode report. Researchers Ukuriaoc and Cryptovizart linked the sell-off to tariff-induced liquidity strains and a faltering U.S. dollar, deepening digital assets’ broad-based contraction. Glassnode Report: […] Original
After steep drops, can Bitcoin and equities build a base from here, or is the tariff pause just a pause, with China tensions still ready to reignite? Trump hits pause On Apr. 9, President Donald Trump posted an unexpected update on Truth Social, temporarily walking back one of the most aggressive trade policies in recent memory. In a brief yet impactful message, he announced a 90-day suspension of reciprocal tariffs affecting over 75 nations, replacing them with a streamlined 10% flat rate — China being the only exception. The announcement…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone. Bitcoin started a fresh increase…
The European Securities and Markets Authority (ESMA) has warned that crypto will increasingly threaten traditional financial markets’ stability as the industry grows and becomes more entwined with traditional finance players. “We cannot rule out that future sharp drops in crypto prices could have knock-on effects on our financial system,” ESMA’s executive director Natasha Cazenave said in an April 8 statement to the Economic and Monetary Affairs Committee. Cazenave noted, however, that crypto currently only accounts for 1% of global financial assets and is not yet significant enough to cause major…
In an unprecedented move, Trump upped the stakes in the ongoing trade war, threatening to raise tariffs on China to 104% while the crypto market remains on edge. After the Chinese retaliation to the latest US tariff push, U.S. President Donald Trump is threatening further measures. On April 7, Trump announced on his social media platform Truth Social that China would face an additional 50% tariff if it didn’t remove countermeasures. Notably, China introduced 34% retaliatory tariffs on all US goods, mirroring the same measure by the United States. Now,…
Global financial markets faced severe turmoil this week as escalating U.S.-China trade tensions triggered panic selling across equities and cryptocurrencies, according to an April 7 analysis by QCP Capital. Volatility Spikes, Tariffs Rise: QCP Says World Nearing Economic Breaking Point On Monday, the firm reported that bitcoin initially resisted last week’s equity market downturn but […] Original
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin prices fell below $75,000 on Monday, April 7, the lowest since mid-March as investors reacted to US-China trade relations tensions escalating. The digital currency shed about 6% in…
Bitcoin has fallen as much as 12% in the past day, falling below the $75,000 threshold amid Asian and European markets plunge in the aftermath of Trump’s tariff announcement. According to data from crypto.news, BTC (BTC) has fallen as low as $74,604 in the past 24 hours. The largest cryptocurrency by market cap has seen its price plummet around 30% below its all-time high price at $108,786, which occurred just three months prior. At press time, Bitcoin has recovered only slightly to $73,793. It has not yet managed to return…