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Bitcoin Price Drops 22% From Record High, Analysts Predict Temporary Shakeout Before Market Rebound Bitcoin’s price has dropped 22% from its record high of $109,000 on Jan. 20, 2025, the day of Donald Trump’s inauguration. Despite this decline, analysts suggest the current downturn is likely a temporary shakeout rather than the end of Bitcoin’s bull market cycle. Bitcoin’s price is recovering, and technical indicators show that while there is some bearish movement, this correction is typical for the cryptocurrency’s market cycle. According to Bitfinex analysts, Bitcoin’s four-year cycle remains an essential factor in understanding its price fluctuations. They explain that…

INDIAN WELLS: Briton Jack Draper upset the overwhelming favourite Carlos Alcaraz 6-1, 0-6, 6-4 to reach the Indian Wells final on Saturday, denying the Span­iard in his bid for a rare “three-peat” in the California desert. Draper beat the world number three at Queen’s Club last year and had the winning formula again this time around, as the lefty relied on his lethal forehand to reach his first Masters 1000-level final, where he will face Denmark’s Holger Rune. “It was a strange match. You know, honestly Carlos came out, he was a bit flat, I sensed that,” Draper said in…

Source: TradingView.com Gold is set to remain in the spotlight to start the week after setting a new record high on Friday, when the precious metal crossed the closely watched $3,000/oz level for the first time. The commodity consolidated within a two-week pennant before breaking out above the pattern’s top trendline last Thursday, signaling a continuation of the yellow metal’s longer-term uptrend. Bars pattern analysis, which takes the price bars comprising the asset’s uptrend from August to October last year and overlays them from last Thursday’s breakout point, forecasts an upside target of around $3,365. Investors should watch crucial support…

BRISBANE: Australian sprinting prodigy Gout Gout ran the fastest men’s 200m in the world this year on Sunday, with the 17-year-old saying he felt “literally free”. The youngster rose to prominence in December when he clocked the quickest time ever by a 16-year-old. That mark broke Usain Bolt’s personal best at the same age, with his 20.04secs also bettering Peter Norman’s Australian record of 20.06 from the 1968 Olympics. He turned heads again on Sunday with a 20.05 in the heats of the Queensland State Championships — the fastest in the world this year. Gout then smashed through the 20-second…

(Bloomberg) — Copper traded near a five-month high after China vowed to revive consumption in the world’s largest consumer of the metal. Most Read from Bloomberg The government unveiled a special action plan over the weekend aimed at spurring demand. Consumption in the country grew faster at the start the year, helping offset the impact of US President Donald Trump’s tariffs that are putting pressure on Chinese exporters. Retail sales increased 4% in the first two months, exceeding forecasts. The industrial metal has risen around 12% this year as Trump’s tariffs add volatility to a market that’s grappling with a…

(Bloomberg) — Global CEOs including Qualcomm Inc.’s Cristiano Amon and Saudi Aramco’s Amin Nasser will travel to Beijing for an annual gathering of top executives, people familiar with the matter say, with some expected to meet top leaders like President Xi Jinping. Most Read from Bloomberg Plans are being made for the chief executive officers to meet Xi on March 28, according to the people, who asked not to be identified discussing the sensitive issue. They added that the details are subject to change. Figures who have attended the China Development Forum in the past, such as Blackstone Inc.’s Steve…

By Anjana Anil (Reuters) – Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs escalating trade frictions, and increased hopes of interest rate cuts from the U.S. Federal Reserve continued to fuel safe haven demand. Spot gold rose 0.1% to $2,986.53 an ounce, as of 0307 GMT. Bullion rose above the $3,000/oz milestone to notch a record high at $3,004.86 on Friday. U.S. gold futures eased 0.2% to $2,994.60. “The recent rally in gold has been driven by stagflationary fears,” said Kelvin Wong, senior market analyst, Asia Pacific, at OANDA, adding that…

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The end of the first quarter is nearing, and President Trump just passed the 50-day mark in his second tour at the White House. It’s safe to say this will be a face-ripping year for investors. More volatility in markets. More earnings misses and warnings. More negative economic surprises. More stock rating downgrades. And trades that have worked amazingly well in the past few years (looking at you, Nvidia (NVDA)) not working so amazingly anymore. Watch: Why Lego’s…

Chuck E. Cheese wants you to stop by as frequently as you pick up groceries, and it’s selling subscription plans to sweeten the pitch.The 47-year-old pizzeria and arcade chain has emerged from bankruptcy with renovated locations, a slew of digital upgrades and a membership program that it hopes will prove both affordable and habit-forming. The goal isn’t to be just someplace to take your kids once or twice a year for birthday parties. It’s to turn Chuck E. Cheese into a routine recreational option that can compete with Netflix and the neighborhood playground alike.“For us to win this game, we…

A version of this post first appeared on TKer.co The stock market is a discounting mechanism, which means its price reflects expectations for the future, and its price fluctuations reflect the market’s attempt to factor in changes to those expectations. Believe it or not, in a given moment, the stock market does not care too much about the present state of things. That’s because expectations for the present will have been priced into the market days, weeks, and months in the past. That is to say, the stock market reacts to news to the degree the new information 1) is…