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Bitcoin experienced a significant surge in price, reaching $10.9k as trade tensions between major economies eased. This uptick in value reflects a sense of optimism in the market as global trade concerns ease. Investors are keeping a close eye on how economic developments will impact the cryptocurrency market. The recent increase in Bitcoin’s price has [...]
The forecast for Bitcoin’s price at the end of the year has been adjusted by market analyst Lyn Alden, who factors in liquidity concerns and the impact of tariffs on the cryptocurrency market. Alden had previously predicted a bullish projection for Bitcoin’s price by the end of the year, but due to changing market conditions, [...]
The post Lyn Alden revises Bitcoin outlook following trade tensions, focuses on market liquidity appeared first on Crypto Breaking News.
The price of Bitcoin took a nose dive on Saturday following reports of Iran launching missile and drone attacks on Israel. Alongside the market leader, many other prominent cryptocurrencies also experienced a significant selloff as news of a brewing international conflict in the Middle East circulated on the internet. Related Reading: Bitcoin Halving: A Tale Of 2 Emotions Will FOMO Or FUD Rule The Market? Bitcoin Suffers Major Decline For Second Consecutive Day According to multiple reports on April 13, Iran commenced a drone attack against Israel in retaliation to an attack on an Iranian diplomatic building in Syria on April 1 which claimed the lives of nine Iranian officers, including a highly ranked general in Iran’s Islamic Revolutionary Guards. This incident marked Irans first-ever direct assault on the Jewish state following years of rising political tensions between both countries. With the Iranian forces confirming further missile attacks on specific targets in Israel, it is likely that both nations may be heading for a full-scale war. Following reports of the drone attacks in the Middle East, Bitcoins price dropped by 8.07%, falling from $67,132.1 to $61,710.58, reflecting a high selling pressure. Interestingly, this price action marked the second consecutive day the maiden cryptocurrency suffered a significant loss following a 5% decline on Friday amidst minor turbulence in the US stock markets. Generally, Bitcoin has shown an underwhelming performance in the past weeks, recording a 12.51% loss in the last month based on data from CoinMarketCap. The maiden cryptocurrency has struggled to replicate its bullish form seen at the beginning of 2024 when it achieved a new all time high price of $73,750.07. However, with the Halving event fast approaching, BTC investors are likely optimistic about a potentially massive price gain in the coming months based on historical price data. Currently, Bitcoin trades at $63,943, showing a 3.61% gain from its earlier slump on Saturday. In tandem, the tokens daily trading volume is up by 22.46% and valued at $57.37 billion. Bitcoin trading at $63,971 on the daily chart | Source: BTCUSDT chart on Tradingview.com Related Reading: Waiting For The Bitcoin Bull Run To Resume? Heres The Indicator To Watch For Altcoins Not Spared From Market Crash Alongside Bitcoin, the price of altcoins also decreased significantly due to the escalated geopolitical tension in the Middle East. Ethereum, the most popular altcoin and second largest cryptocurrency, suffered a loss of 10.89%, falling as low as $2,880.16 Meanwhile, other prominent tokens such as Solana (SOL), XRP, and Avalanche (AVAX) also recorded price dips to the tune of 12.68%,18.11%, and 16.00%, respectively. Generally, the total crypto market cap declined by 7.78%, falling to around $2.2 trillion. Featured image from Shutterstock, chart from Tradingview
The S&P 500 experienced a brief moment of volatility closely tied to the level of Bitcoin, as investors navigated through the ongoing Trump tariff war. This correlation between traditional markets like the S&P 500 and the cryptocurrency market highlights the interconnected nature of all financial sectors in today’s global economy. The fluctuations in the S&P [...]
The post S&P 500 Experiences Bitcoin-Like Volatility During Trump Tariff Tensions: A Closer Look appeared first on Crypto Breaking News.
Bitcoin’s volatility has surged amidst concerns over cryptocurrency reserves and tariff disputes. The unpredictability in the market has escalated due to uncertainties surrounding the reserves held by various cryptocurrencies and the ongoing trade tensions. Investors are closely monitoring the developments in the crypto space as rumors of potential tariffs on digital assets continue to circulate. [...]
The post Surging Bitcoin Volatility Amid US Crypto Reserves and Tariff Tensions appeared first on Crypto Breaking News.
The cryptocurrency market is feeling the heat as Trump’s trade war continues to escalate. With the looming threat of tariffs set to go into effect on April 2nd, investors in the crypto space are on edge. Cryptocurrencies have been known to be sensitive to geopolitical events, and the ongoing trade tensions between the US and [...]
The post Trade War Tensions with Trump Threaten Crypto Market Ahead of April 2 Tariffs appeared first on Crypto Breaking News.
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of [...]
The post No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again appeared first on Crypto Breaking News.
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]
The post ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations appeared first on Crypto Breaking News.
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in [...]
The post Police in Kosovo Seize Crypto Mining Rigs From Serbs appeared first on Crypto Breaking News.
Explore AI Chrome Extensions that boost productivity and simplify tasks. Discover tools like Wiseone, AnyPicker, Seamless.ai, and more.
The post AI Chrome Extensions to Save Hours of Work appeared first on BitPinas.
Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh [...]
The post Ethereum Finally Set For A New All-Time High? Heres What Analysts Say appeared first on Crypto Breaking News.
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that [...]
The post US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States appeared first on Crypto Breaking News.
To increase productivity and simplify numerous tasks, Chrome extensions serve as add-ons that may be installed in the Google Chrome web browser. Users can enjoy a more effective and convenient browsing experience thanks to these extensions’ added features and capabilities. The value of Chrome extensions and significance stems from their capacity to streamline processes, reduce [...]
The post 5 ChatGPT chrome extensions to enhance productivity appeared first on Crypto Breaking News.
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