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Bloomberg's senior commodity strategist, Mike McGlone, is back in the spotlight with another bold take on the markets. After previously warning that Bitcoin could “lose a zero,” McGlone is now turning heads with his latest insights. This time, he's highlighting gold's growing strength as it challenges the dominance of traditional stocks.
XRP, ADA, DOGE Tokens Drop Below Critical Price Supports Amid 'Economic Nuclear War'
The Trump administration is scaling back the role of the Consumer Financial Protection Bureau (CFPB) in crypto regulation.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
In a year marked by market turbulence and mounting geopolitical tensions, privacy coins have emerged as the best-performing sector in the cryptocurrency space.
Ethereum (ETH), along with Bitcoin and other altcoins, has been caught in the recent wave of market pressure, plunging below the critical $1,600 mark after a sharp 15% dip. This sudden downturn has triggered panic among investors, driven largely by renewed macroeconomic concerns.
Donald Trump's ‘Liberation Day' had a deadly impact on not only the crypto markets but also the global stock markets, including countries like China, Japan, Taiwan, the UK, Germany, etc. As the tariffs and the reciprocal tariffs escalated, the uncertainty increased, which has strengthened the bearish action.
Bitcoin has tumbled to $77,300, and Ethereum has dipped 14% as markets react to sweeping new tariffs announced by Donald Trump last week.
April 7, 2025 05:14:00 UTC Bitcoin Price USD Dips After Trump's Tariff Stance Shakes Crypto Market Bitcoin price USD dropped sharply in the last 24 hours as the crypto market reacted to US President Trump's continued push for restrictive tariffs.
Joe Weisenthal, the co-host of Bloomberg's "Odd Lots" podcast, has observed that significant XRP price spikes tend to mark a local top for Bitcoin.
Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore.
Markets crashed on Monday after President Trump announced major new tariffs. China hit back quickly, slapping 34% duties on all U.S. imports starting April 10. The rising tension has investors worried about a full-blown trade war.
The Chinese stock market opened earlier on Monday, April 7, with significant losses. The wider Asia stock market recorded palpable losses as more investors fled the highly volatile global equity market towards bonds and gold markets. For instance, the Shanghai Composite index had dropped around 6.34 percent to trade about 3,130.
FTX intends to disallow more customer claims by June 1 if they fail to finish their KYC processes.
Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone.
The Ethereum network has reached a historic milestone with 200,000 addresses holding stablecoins. This record adoption stands as the backbone of a more mature digital economy, potentially reshuffling the cards for this altcoin whose price is struggling to take off.
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash
Trump, when asked about sliding markets, said sometimes you have to "take medicine."
Bitcoin fell sharply on April 7, dropping nearly 7% to a three-week low of $77,077. The decline occurred days after U.S.
Ethereum struggles as confidence wanes, shedding value amidst volatility, weaker demand, and declining exchange reserves.
Satoshi street is facing a massive bloodbath with the crypto market crash as global markets react to Trump's tariff war. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) prices have plumetted 6-12% today with over $900 million in liquidations in the last 24 hours.
Bitcoin dropped 6% on Monday as global markets tumbled following Trump's new tariffs, sparking fresh fears of a global recession. The post Bitcoin Tumbles 6% to $78K as US Markets Reel From Trump Tariff Shock appeared first on Cryptonews.
The global cryptocurrency market has taken a significant hit, with the total market cap dropping to $2.46 trillion, marking a 7.79% decrease in the last 24 hours. This downturn comes amid growing macroeconomic concerns, particularly rising interest rates, which have sparked fears of instability across financial markets.
