Bill Barhydt, CEO of Abra, has made bold predictions about Bitcoin and Ethereum, suggesting that Bitcoin could reach as high as $700,000 in the current cycle.
Bitcoin's price dropped below $100,000 on Feb. 4, as concerns over the global trade war between the United States and China affected market sentiment.
Felix Hartmann, founder of Hartmann Capital, believes the crypto market may be near a bottom, pointing to extended negative funding rates and bearish sentiment as indicators.
Elon Musk’s Department of Government Efficiency (DOGE) has saved U.S. taxpayers $36.7 billion, though this is just 1.8% of his $2 trillion spending cut target.
(Reuters) -Donald Trump's plan to impose new 25% tariffs on steel and aluminium boosted share prices of U.S. producers in pre-market trading, while shares of producers abroad fell, with traders citing worries of disrupted flows and a reduction in demand. The tariffs, which Trump said would be announced on Monday and be in addition to existing duties, sparked warnings from Asia and Europe about the impact on prices, profitability and volumes and broader worries that they could push up inflation and drag on economic activity. Canada, Brazil, Mexico, South Korea and Vietnam are the biggest sellers of steel into the U.S., according to American Iron and Steel Institute data, while Canada is the dominant supplier of imported aluminium.
The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump's tariff rhetoric could shake up the market.
(Bloomberg) -- China is preparing to scrap fixed pricing on renewable power, and let the market decide how much users pay for clean electricity.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSThe central government has agreed that ele
SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. The dollar rose and U.S. Treasury yields ticked higher. "Investors and short-term traders are now in flux in terms of playbook positioning as the global economy has not faced a stagflation environment in the last 15 years since the Great Financial Crisis of 2009."
The economy could be too strong for Trump's tariffs to derail the outlook for stocks, investors and economists told BI.
Even if tariffs ultimately aren’t imposed, the uncertainty and volatility caused by the threat of tariffs could prove costly.
