Bitcoin price mimics stock market rally
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“It feels to me like the White House’s attempts to reorder global trade may actually be working in bitcoin and crypto’s benefit.” Need a break? Play the USA TODAY Daily Crossword Puzzl
Binance delists altcoins, Bitcoin may surge to $1 million, Ripple nears SEC settlement, and trade tensions escalate.
Bitcoin took a sharp dive to $81,000 after hitting highs of $88,000 during President Donald Trump's latest tariff announcement. The market initially reacted positively to the news of a 10% baseline tariff on all imports,
That's another key reason to buy Bitcoin. It can never be printed. It's tradeable for most other major currencies, so its value isn't linked to any single one. It's scarce, and its supply can't grow much more. Its price can still go down by a lot, but over the long term its purchasing power is more likely rise than to fall.
Trade war tensions may boost Bitcoin’s value as a safe-haven asset amid inflation and economic instability, says analyst Ben Sigman.
Bitcoin holds above $80K despite ETF outflows and Fed uncertainty. Market decoupling from stocks and gold signals a potential shift in crypto dynamics.
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In terms of market cap, it seems inconceivable that XRP could ever overtake Bitcoin. Despite being the world's fourth-largest cryptocurrency, with a $100 billion market cap, XRP is absolutely dwarfed by Bitcoin, which still trades at a hefty $1.5 trillion valuation.
Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.
Tariffs and trade tensions could ultimately be positive for bitcoin ( BTC) adoption in the medium term, asset manager Grayscale said in a research report Wednesday.