Gold hit a new high on Tuesday and bitcoin broke through the $90,000 threshold as anxiety over the US dollar’s strength sent investors looking for other safe havens. With President Donald Trump’s tariff policies throwing markets into turmoil, traditional and emerging alternatives — most notably gold and bitcoin — have rapidly gained favor. On the…
In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the “sell America” trade is gathering pace. Currently, bitcoin’s short- and near-dated risk reversals – which measure the demand for call options…
Bitcoin and crypto prices are treading water after U.S. president Donald Trump’s trade war sparked market chaos that’s threatening to spiral into a full-blown “U.S. dollar confidence crisis.” Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000%…
Global markets are again under pressure following an escalation in U.S.–China trade tensions, with investors fleeing to havens and tech stocks taking a beating. Gold surged over 2% on Wednesday to top $3,300 per ounce and set a new record high. The dollar weakened further, and Nasdaq futures pointed to a rough day ahead for…
The S&P 500 and Nasdaq 100 both flashed the dreaded “death cross” formation on Monday. The technical sell signal occurs when an index’s 200-day moving average rises above its 50-day moving average. It can signal a reversal in a prior trend — in this case, the two-year bull market in stocks. The development comes on…
Dave Portnoy, the outspoken founder of Barstool Sports, posted a simple question on X last week that hit a nerve in the crypto world: “If the point of Bitcoin is to be independent of the U.S. Dollar and nonregulated, why does it basically trade exactly like the U.S. stock market nowadays?” Don’t Miss: That one…
The millions of people who rely on medical devices like hearing aids or insulin pumps could face higher prices due to President Donald Trump’s tariffs. Unlike pharmaceutical companies, medical device makers did not get a carveout from the levies. Some 40% of all devices are manufactured overseas, including in Mexico and Europe, which now face…
Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…
“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…
Jakub Porzycki | Nurphoto | Getty Images Bitcoin fell below the $79,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs. The price of bitcoin was last lower by 4% at $78,835.07, according to Coin Metrics,…