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Bitcoin (BTC) rose to nearly $82,000 early Thursday to usher gains across the crypto market after a U-turn on tariffs led to relief in broader equity markets on Wednesday, prompted by President Donald Trump changing course on a steep tariff levy globally. XRP and ether (ETH) led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, Solana’s SOL and dogecoin (DOGE) zoomed as much as 10%. Overall market capitalization rose 6%. The broad-based CoinDesk 20 (CD20) showed a 7% increase. Crypto-tracked futures showed short liquidations of over $350 million, the highest since early March, which…

KARACHI: Noor Zaman is a step away from Under-23 World Squash Championships glory after seeing off the challenge of Malaysia’s Ameeshenraj Chandran in front of a roaring home crowd and a beaming grandfather, former squash world number one Qamar Zaman, at the Creek Club here on Wednesday. Chandaran had ousted home hope Hamza Khan in the quarter-finals but it was a different story against Noor as he retired during the third game of the last-four while trailing 6-11, 2-11, 4-6. Noor advances to the Thursday’s title clash against Kareem El Torkey, who overcame top seed Ibrahim Elkabbani 7-11, 11-2, 11-8,…

The news cycle has turned chaotic for crypto traders, courtesy of President Donald Trump’s back-and-forth tariffs announcement. In such situations, traders tend to ignore the noise and follow the tape – monitor the price chart, identify the path of least resistance and follow the same. In case of bitcoin (BTC), the tape has turned bullish, with short-duration price charts flashing a pattern opposite of the one that characterized the January-February price peak above $109K. We are talking about the double bottom pattern comprising two consecutive troughs with lows at about the same price, representing downtrend exhaustion, and a trendline drawn…

LAHORE: Pakistan and Scotland emerged victorious in their respective encounters on the opening day of the ICC Women’s World Cup Qualifier at the Gaddafi Stadium and LCCA Ground, respectively, here on Wednesday. Pakistan’s impressive bowling attack, spearheaded by pacer Diana Baig (4-35) and supported by left-arm spinners Nashra Sandhu (3-41) and Sadiq Iqbal (2-33), guided them to a comfortable 38-run win over Ireland. The trio shared nine wickets, with the pitch providing assistance to both pace and spin bowlers. Meanwhile, Scotland pulled off a stunning 11-run win over the West Indies, despite a valiant century (114 not out) from West…

Bitcoin is increasingly being used in international trade, particularly by countries looking to avoid U.S.-controlled financial systems. Russia and China have reportedly used Bitcoin to settle energy transactions. Bolivia has announced plans to pay for imported electricity using cryptocurrency, and France’s EDF is considering Bitcoin mining with surplus power usually sent to Germany. These moves reflect a growing interest in using digital assets for cross-border trade as economic tensions continue to rise. On April 2, the Trump administration announced tariffs of up to 104% on Chinese imports. In response, China imposed retaliatory tariffs of up to 84% on U.S. goods,…

Ethereum has underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018 on April 9. The last time the ratio fell this low was in December 2019, when ETH was priced at $125 and BTC traded around $7,000. Ethereum is now trading at around $1,670, according to CoinMarketCap. Bitcoin also declined but only by 6%, holding at $75,000—still over 275% higher than its 2017 bull market peak—before surging to over $83,000 near the end of the day. In…

On Tuesday, investors withdrew $326 million from U.S. spot Bitcoin exchange-traded funds (ETFs), marking the largest single-day outflow since March 11. This latest pullback comes as traders react to escalating tensions between the U.S. and its trade partners over President Trump’s new tariffs. The implementation of the tariffs, such as the 104% duty on Chinese imports, created uncertainty in global markets, pushing investors to de-risk their portfolios. BlackRock’s IBIT was hit hardest, losing $253 million in its third-worst day since launch. The outflows continued a negative streak for Bitcoin ETFs, which have now seen withdrawals for four consecutive days. These…

Ukraine’s top financial regulator is floating the idea of taxing cryptocurrency as personal income, with possible carveouts for certain foreign asset-backed stablecoins, under a newly proposed taxation matrix published on Tuesday. In a translated letter introducing the potential new approach, Ruslan Magomedov, head of Ukraine’s National Securities and Stock Market Commission, said that effective tax policy is a necessary step in preventing financial abuse and facilitating the “legal and responsible use of digital assets.” “Establishing fair and understandable taxation rules is also a prerequisite for attracting investment and integrating the Ukrainian virtual asset market into the global financial market,” Magomedov…

U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs for most countries, excluding China, whose tariff rate was raised from 104% to 125%. The move marked a shift from his earlier stance on high tariffs, which had caused significant market turbulence. Trump stated in a Truth Social post that the pause would apply only to countries that do not retaliate. A 10% tariff will remain in effect across the board during this period. Trump’s decision followed days of market speculation and came just hours after China imposed 84% tariffs on U.S. goods, up from the previously announced 34%.…

President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), asset manager Bitwise said in a report Tuesday. “When it comes to the tariff push, the thing i’m most certain of is this: the Trump administration wants a significantly weaker dollar,” wrote Matt Hougan, chief investment officer at Bitwise. After a week of market turmoil cryptocurrencies surged on Wednesday following President Trump’s announcement of a 90-day pause on tariffs for countries that haven’t retaliated against the U.S.. A weaker dollar has significant implications for bitcoin. Bitwise notes that over the last five years the cryptocurrency has had…