The crypto market today is witnessing a strong rebound, fueled by the recently signed executive order by U.S. President Donald Trump to form a Sovereign Wealth Fund. The initiative aims to secure long-term economic stability, which has sparked positivity among investors and traders.
China today announced an additional 15% tariff on coal and liquefied natural gas and an additional 10% on crude oil and agricultural machinery.
Spot Bitcoin exchange-traded funds in the U.S. shifted to outflows on Feb.
US President Donald Trump has approved the establishment of a sovereign wealth fund, fuelling speculation that it may be backed by Bitcoin.
Bitcoin (BTC) dominance has soared to 60.6%, marking a 5.01% increase in the past 48 hours despite market fluctuations. This surge indicates growing capital inflows into Bitcoin at the expense of altcoins, signaling investor confidence in BTCs long-term potential.
MicroStrategy, the largest corporate holder of Bitcoin (BTC), has surprised the crypto community by refraining from buying or selling BTC last week. This marks a rare departure from its aggressive accumulation strategy since adopting Bitcoin in August 2020.
El Salvador bought 11 more Bitcoins on February 4 to boost its BTC strategic reserve.
The move came after U.S. President Donald Trump's new 10% tariffs on China came into effect.
Cryptocurrency prices showed signs of recovery on February 4, following the announcement that US President Donald Trump has paused the implementation of newly imposed import tariffs on Canada and Mexico for 30 days. This pause alleviated concerns about a potential trade war, boosting market sentiment globally.
Bitcoin market activity over the past day has been marked by turbulence, with its value falling to as low as $90,000 levels earlier today before rebounding to just above $94,000. Despite this partial recovery, the cryptocurrency remains down 5.8% over the past week and more than 13% below its all-time high of $109,000, reached in January.
Crypto prices today have shown signs of recovery as U.S. President Donald Trump's newly announced import tariffs on Canada and Mexico were paused for 30 days. Bitcoin (BTC) price regained its value, hitting a $102K high amid broader market recovery.
According to data from CryptoQuant, Bitcoin's (BTC) Kimchi Premium has surged to a three-year high of 12%. This spike comes amid a steep decline in the flagship cryptocurrency, triggered by concerns over the economic impact of looming US trade tariffs on Canada, Mexico, and China.
Bitcoin will remain bullish as long as it trades above the $92,500 level.
Donald Trump's Crypto Czar David Sacks is set to hold a press conference today, February 4th, to discuss America's position as a global leader in the digital asset ecosystem.
Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, suggesting that BTC may be oversold and poised for a rebound.
Bitcoin price started a fresh upward move above the $98,000 zone. BTC is trimming losses but might struggle to settle above the $103,000 zone.
Jeff Park, Head of Strategy at Bitwise Asset Management, is confident that the imposition of tariffs will ultimately drive Bitcoin's value higher in the long run, even as these measures cause short-term fluctuations in the cryptocurrency market. According to Park, the potential economic effects of tariffs are a major reason why Bitcoin could see substantial growth over time.
Renowned market strategist Tom Lee on Monday recommended buying stocks amid the recent market sell-off triggered by President Donald Trump's tariffs but advised caution for Bitcoin (CRYPTO: BTC). What Happened: Lee, managing partner and head of research at Fundstrat Global Advisors, stated in a CNBC interview that Bitcoin could face short-term hurdles despite its strong long-term potential.
Bitcoin (BTC) has experienced a significant drop, with its value plunging to $91,000 in the early hours of Monday. The decline follows unfavorable macroeconomic developments, including newly imposed US tariffs.
SEC rule change dilutes crypto enforcement powers, fueling XRP demand. Will Ripple's legal battle drive XRP past its all-time high?
The U.S. government is taking a new approach to financial management with the creation of a Sovereign Wealth Fund. President Donald Trump signed an executive order over the weekend to establish the fund, aiming to strengthen the country's long-term economic stability.
Nobel laureate economist Eugene F. Fama predicts bitcoin's collapse, estimating its chances of survival as nearly zero and dismissing it as worthless. Nobel Economist Says Bitcoin's Collapse Is Near Certain Eugene F. Fama, a Nobel Prize-winning economist known for his work on asset pricing and the efficient market hypothesis, believes bitcoin will ultimately become worthless.
Bitcoin experienced a sharp decline from the $106,400 level to the $91,530 mark in less than four days, shedding over 14% and triggering panic across the market. This sudden drop has left many investors uncertain about Bitcoin's short-term direction as selling pressure intensifies.
BTC.D is likely to move higher to 63.84% and 72.5%. This could be excellent news for BTC, and horrific for the altcoin market.
According to Prime Minister Justin Trudeau, tariffs between the US and Canada have been postponed for 30 days. Bitcoin recovered from its earlier plunge to $92,000, and MicroStrategy's stock price rebounded 4%
XRP's price plummeted by 43%, wiping out weeks worth of gains. Just the most recent daily candle has created a vicious knife that is 30% downward, indicating extreme volatility and panic selling.
Ethereum is struggling to recover after a tech sell-off, impacting ETF flows, while Bitcoin has recovered after a rocky start to the week.
Bitcoin mining operations are increasingly adopting hashrate derivatives to hedge against revenue volatility. Industry leaders explain how these financial products provide liquidity, secure cash flows, and reshape mining economics. Experts discuss challenges and future implications for Bitcoin's network and market. The post Bitcoin Miners Consider Hashrate Derivatives as BTC Price Rises appeared first on Cryptonews.
Despite Bitcoin (BTC) reaching a daily low of $91,341.25 on Feb. 3 due to President Donald Trump's remarks on tariffs, BTC remains structurally strong, according to the latest edition of the “Bitfinex Alpha” report.
As Bitcoin hovers around $99,634, traders and experts remain divided on its trajectory, with Polymarket data showing limited belief in reaching $200,000 by February's end.
According to Michael Saylor, MicroStrategy finally broke its 12-week streak of consecutive weekly Bitcoin purchases. The firm did not sell any shares of Class A common stock this week, nor did it use proceeds to buy BTC.
Other similar government-owned funds have invested in Bitcoin and crypto-related projects. So will this one do it too?
Wyoming Senator Cynthia Lummis suggested Donald Trump's executive order creating a US sovereign wealth fund was a “big deal” for Bitcoin.
Miners are under mounting pressure with declining transaction fees and AI-driven disruptions. How can they adapt?
Data shows the sentiment among Bitcoin traders has plunged into the fear territory following the crash in the cryptocurrency's price. Bitcoin Fear & Greed Index Has Plummeted During The Past Day The “Fear & Greed Index” refers to an indicator devised by Alternative that tells us about the average sentiment that's currently present in the Bitcoin and wider cryptocurrency markets.
Cryptocurrency markets are trading higher on Monday despite record volatility seeing Bitcoin swing $10,000 per coin in nominal value over 24 hours. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,020.83 +4% Ethereum (CRYPTO: ETH) $2,737.78 -7.5% Solana (CRYPTO: SOL) $212.78 +4.3% XRP (CRYPTO: XRP) $2.68 -0.03% Dogecoin (CRYPTO: DOGE) $0.279 +1.2% Shiba Inu (CRYPTO: SHIB) $0.00001615 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 26.6% and daily active addresses down by 0.4%.
Trump signs executive order for sovereign wealth fund, sparking speculation about potential US Bitcoin accumulation strategies. The post Trump's sovereign wealth fund move sparks curiosity over potential US Bitcoin acquisitions appeared first on Crypto Briefing.
US authorities are reportedly disregarding pro-crypto Senator Cynthis Lummis' deadline to explain what happened to the Bitcoin (BTC) seized from the defunct darknet marketplace Silk Road. According to a new report by Bloomberg, anonymous people familiar with the matter say that the U.S.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
The crypto market just pulled off a dramatic reversal, with Bitcoin rebounding from $91,252 to $101,549 as of writing in hours. Every time BTC dips to this level, buyers aggressively defend it, making it a strong demand zone.
According to Satoshi Action Fund CEO Dennis Porter, Utah is leading the race to establish a Bitcoin reserve in the US. Porter claimed that the state's short legislative calendar encourages speedy action.
Bitcoin derivatives data suggest the bottom is in, but investors' fears could limit a recovery beyond $100,000.
On today's episode of CNBC Crypto World, bitcoin stages a comeback after tumbling as low as $91,212.63 after Trump announced tariffs on Canada, China and Mexico. Plus, James Davies of Crypto Valley Exchange breaks down the wave of liquidations in the crypto market in the wake of that sell-off, and how long volatility could last for crypto assets.
Bitcoin has recently faced a 10% retracement, leading to concerns about whether the bull market is over. This article explores on-chain metrics, institutional confidence, and macroeconomic factors to determine whether Bitcoin still has room for growth or if a cycle peak has been reached.
Bitcoin, the top cryptocurrency, has managed to reclaim the $100,000, experiencing extreme volatility.
Bitcoin (BTC) price fell to a low of $91,657 on February 3. Cryptocurrency price analysis brought by Coinidol.com.
Recently, Kiyosaki took to social media to comment on the current “bloodbath” impacting both traditional financial markets and cryptocurrencies. He had predicted a major crash would soon occur, and now that it seems to be unfolding, he has shared his thoughts on the situation.