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.
Major central banks are set to decide on interest rates this week, providing guidance on market trajectory. Investors will particularly focus on the Federal Reserve’s policy outlook, as the bank may step in and buoy a wobbly Wall Street after it fell into correction territory.View on euronews
A group of traders looked to liquidate the giant short position in BTC but the operation failed, per observers.
Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting. Spot gold was up 0.4% to $2,994.79 an ounce by 11:26 a.m. ET (1526 GMT), having hit a record high of $3,004.86 on Friday. The Federal Reserve will give its new economic projections this week, which will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of President Donald Trump's policies that have clouded a previously solid economic outlook.
(Bloomberg) -- Iron ore fell as the latest economic data in China underscored an uneven start to the year for the world’s second-biggest economy, with new home prices falling again. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCFutures of the steel-making ing
