Bitcoin Indicator That Signaled $70K Breakout Turns Bearish as Trump's Trade War Rhetoric Grows
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.
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.
Economic leaders had a lot to say about the future of artificial intelligence in the workforce — and the perspectives vary.
Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) just picked up yet another reason that makes them worth a small investment of $1,000, even if you already hold some of each. The Securities and Exchange Commission (SEC) on Jan. 30 approved the initial part of an application by Bitwise Asset Management to issue a combined Bitcoin and Ethereum exchange-traded fund (ETF), according to Bloomberg. Upon the announcement, the existing set of ETFs that hold either Bitcoin or Ethereum saw inflows of roughly $655 million in new cash, suggesting that there are institutional investors who see the combined ETF as a possibility that could send prices of both assets higher.
According to new research from The Motley Fool, "Investment scams are costing consumers millions, and cryptocurrency is a top payment method." Most global currencies today are considered fiat currencies.
Bitcoin (CRYPTO: BTC) has a market capitalization of about $1.9 trillion as of this writing. It represents more than half of the total value of all cryptocurrencies in circulation, which currently stands at $3.2 trillion. Cathie Wood is the founder of Ark Investment Management, which operates several investment funds focused on innovative technologies like cryptocurrencies, electric vehicles, artificial intelligence, and more.
XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) are both heavyweight cryptocurrencies that are practically guaranteed to be around for the long haul. XRP is a coin designed to be the ultimate solution for processing cross-border payments and transactions, especially between financial institutions. Typically, the fees associated with XRP transfers are negligible, at fractions of a penny, and transactions are cleared within a few seconds or less.