A Bitcoin whale recently closed a massive short position worth $516 million, securing a profit of $9.4 million in just eight days.
Bitcoin Is at Its Lowest Level Since November 2024. Should Investors Be Worried?
On Jan. 20, Bitcoin (CRYPTO: BTC) hit a new all-time high of more than $109,000. At the time, many investors were expecting the pro-crypto policies of the incoming Trump administration to send the price of Bitcoin soaring even higher. Bitcoin is now down about 25% since Jan. 20.
Coinbase Stock Could Surge 64% as Trump Administration Pushes Pro-Crypto Policies and Bitcoin Reserve, Bernstein Says
Coinbase’s stock is expected to rise sharply as the U.S. shifts toward more crypto-friendly policies under President Donald Trump.
Cathie Wood Warns of U.S. Recession Risk, Predicts Federal Reserve Policy Shift in 2025
Cathie Wood, CEO of ARK Invest, warned that the U.S. economy is at risk of a recession, contradicting U.S. Treasury Secretary Scott Bessent, who dismissed such concerns.
Battered Bitcoin Looks to U.S. Fed for Support, Bank of America Predicts End of Quantitative Tightening
The expected end of quantitative tightening could bode well for BTC and other risk assets, but gains may be tempered by stagflationary adjustments in economic projections.
Turkish Markets Sink Most in World as Erdogan Deepens Purge
(Bloomberg) -- Turkey’s lira sank, an equity selloff triggered a trading halt, and government bond yields surged to the highest levels this year as investors dumped the nation’s assets after the arrest of a key rival to President Recep Tayyip Erdogan. Most Read from BloombergWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in
Foreign Funds Pile Into Indian Debt Even as They Dump Stocks
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleGlobal funds are set to boost their holdings of Indian bonds in March by the most in six
Stock market today: Dow, S&P 500, Nasdaq futures hold steady as Wall Street braces for Fed's next rate move
US stock futures remained flat as investors braced themselves for the release of the Federal Reserve's next policy decision amid a volatile trading week.
North Dakota Senate Passes Crypto ATM Bill to Create Licensing Regime
North Dakota House Bill 1447 mandates that virtual currency kiosk operators obtain money transmitter licenses, utilize blockchain analytics to detect fraud, and limit individual daily transactions to $2,000.
Stock market today: Wall Street rises ahead of Fed announcement
U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.7% in morning trading. The relatively quiet trading is a respite following weeks of sharp and scary swings for the U.S. stock market.