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“Decoupling” and “safe haven” began to be used late last week as bitcoin (BTC) held its own despite the continuing tumble in stock markets in response to President Trump’s sweeping tariffs against U.S. trading partners. Bitcoin bulls, though, may have spoken too soon. With stock trading closed for the weekend, fearful investors turned to the 24/7 crypto markets to place bearish bets. In late Sunday afternoon action, bitcoin was trading just above $79,000 down 5% from 24 hours earlier. As stock index futures began trading later Sunday with the Nasdaq 100 opening down 5% and S&P 500 4.5%, bitcoin fell…
Gold bug and longtime Bitcoin skeptic Peter Schiff is back with another jab at MicroStrategy founder Michael Saylor, as Bitcoin tumbled below the critical $80,000 level amid widespread market panic triggered by President Trump’s sweeping new tariffs. On April 7, Schiff posted directly to Saylor on X, formerly Twitter, saying: “Attention Saylor, now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in.” The message came as Bitcoin posted its worst first quarter in 10 years,…
Bitcoin cryptocurrency coins – Anadolu/Getty Images The price of Bitcoin fell by around 5pc on Sunday amid the growing fallout from Donald Trump’s trade war. The world’s largest and best-known cryptocurrency tumbled to just under $79,000 (£61,500) by the end of the weekend, way below its peak of $106,000 in the wake of the US President’s election victory. Etherium, the second biggest cryptocurrency globally, also slipped by around 9.6pc to just under $1,618.The sell-off signals another potentially turbulent week for investors, as stock markets brace for the prospect of more steep losses. Around $6 trillion was wiped from global markets last week following…
With bitcoin and many other cryptocurrencies surging to new highs yet remaining volatile under a new White House administration, many investors have started paying more attention to them. As of March 2025, 1 wrapped bitcoin equals $87,784.15. That marks a huge gain over the last year — far outstripping returns from stocks, bonds, real estate and precious metals. Find Out: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You Read Next: 4 Affordable Car Brands You Won’t Regret Buying in 2025 But what is Wrapped Bitcoin (WBTC)? Here’s a quick breakdown: It is a converted version of bitcoin that…
Bitcoin just notched its worst first quarter in a decade, falling 11.7% as markets struggled to understand the new administration’s economic agenda. The performance ranked 12th out of the past 15 first quarters, according to NYDIG Research’s data. The drawdown invites a familiar question in crypto circles: is the cycle over? The last time bitcoin started the year this poorly was in 2015, during a prolonged slump following the 2013 peak and after the collapse of Mt. Gox, according to NYDIG. Back then, prices recovered modestly over the rest of the year before surging in 2016. In the first quarter…
Credit spreads are widening and have reached their highest levels since August 2024 — a period that coincided with bitcoin (BTC) dropping 33% during the yen carry trade unwind. One way to track this is through the ratio of the iShares 3–7 Year Treasury Bond ETF (IEI) to the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). This IEI/HYG ratio, highlighted by analyst Caleb Franzen, serves as a proxy for credit spreads and is now showing its sharpest spike since the Silicon Valley Bank crisis in March 2023 — a moment that marked a local bottom in bitcoin just…
Sdi Productions | E+ | Getty ImagesIt’s a challenging time for many federal student loan borrowers just trying to find ways to pay off their debt.Millions of borrowers who enrolled in the Biden administration-era Saving on a Valuable Education plan are now in limbo after the program was blocked by Republican-led legal challenges.Meanwhile, the Trump administration has changed the terms on several other repayment plans.To successfully keep up with your student loan payments and eventually emerge debt-free, borrowers should explore their options and understand the terms of their repayment plan. Here’s what you need to know amid major challenges to…
Bitcoin’s Price Stability at Risk From Potential ‘Basis Trade Blowup’ That Catalyzed the COVID Crash
Bitcoin’s (BTC) recent stability amid Nasdaq turmoil driven by tariffs has generated excitement among market participants regarding the cryptocurrency’s potential as a haven asset. Still, the bulls might want to keep an eye on the bond market, where dynamics that characterized the COVID crash of March 2020 may be emerging. Nasdaq, Wall Street’s tech-heavy index known to be positively correlated to bitcoin, has dropped 11% since President Donald Trump on Wednesday announced reciprocal tariffs on 180 nations, escalating trade tensions and drawing retaliatory levies from China. Other U.S. indices and global markets have also taken a beating alongside sharp losses…
The inaugural edition of the Under-23 World Squash Championships kicked off on Sunday with six Pakistani players looking to wow the home crowd at Karachi’s Creek Club. The newly introduced championships from April 6 to 10 feature a men’s individual championship draw of 32 players and a women’s individual championship draw of 22 players. The winner receives automatic qualification through to the PSA World Championships as well as the lion’s share of a $60,000 prize pot, according to World Squash. Mariam Malik was the first Pakistani player in action this morning. The 21-year-old was thrashed by Spain’s Noa Romero Blazquez…
You won’t find anyone more bullish on Bitcoin (CRYPTO: BTC) than Michael Saylor. As the executive chairman of the Bitcoin treasury company MicroStrategy, which now goes by the name Strategy, Saylor more or less pioneered the idea of taking a struggling company and using its available funds to buy hoards of the world’s largest cryptocurrency. Strategy began buying Bitcoin in 2020 and hasn’t stopped. It has paid off, and its stock has absolutely soared. The company has also been able to tap the capital markets to raise debt that it can then use to buy Bitcoin. Late last year, Saylor…