Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States …
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Bloomberg Intelligence’s senior commodity strategist Mike McGlone casts a skeptical gaze on bitcoin and its digital counterparts, positing a potential retreat to $10,000 for the flagship cryptocurrency. Bloomberg Strategist Sees Crypto Wipeout Ahead In recent analyses shared via Bloomberg and the platform X, Mike McGlone has dissected crypto’s vulnerabilities amid turbulent macroeconomic crosscurrents. President Trump’s …
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Global financial markets faced severe turmoil this week as escalating U.S.-China trade tensions triggered panic selling across equities and cryptocurrencies, according to an April 7 analysis by QCP Capital. Volatility Spikes, Tariffs Rise: QCP Says World Nearing Economic Breaking Point On Monday, the firm reported that bitcoin initially resisted last week’s equity market downturn but …
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The central bank indicated that the meeting will be held to discuss “discount rates to be charged by the Federal Reserve Banks.” Fed to Hold Private Meeting as Market Speculation Heats up The U.S. Federal Reserve quietly published a notification on its website showing it will hold a closed board meeting on Monday, April 7, …
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This content is provided by a sponsor. PRESS RELEASE. Road Town, Tortola, British Virgin Islands, April 7th, 2025– Wager, a platform combining sports betting, casino games, and advanced technology, is excited to announce the launch of its highly anticipated $WAGER token presale. Poised to set a new standard for online gambling in a global market …
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Gold, which had seen a strong first quarter in 2025, experienced a temporary dip below $3,000 per ounce on April 7, amidst global market turmoil fueled by trade war fears. Safe-Haven Asset Credentials Questioned as Gold Drops Nearly 3% After a rally that saw it reach new milestones in the first quarter of 2025, gold …
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Asian markets experienced significant declines on April 7, with Hong Kong’s Hang Seng Index plummeting over 13%. The turmoil affected other asset classes, including bitcoin, which briefly fell below $75,000. China Sovereign Wealth Fund Intervenes Asian markets began the week of April 7 with steep drops across major indices, including Hong Kong’s Hang Seng Index, …
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A widely followed analyst says that Bitcoin (BTC) could break out of its slump with a massive counter-trend rally. In a new video update, crypto strategist Benjamin Cowen tells his 890,000 YouTube subscribers that based on historical trends, a huge test is coming for the top crypto asset by market cap, one that could see …
April 7th, 2025 – New Delhi, India Hive Intelligence, a next-generation platform that empowers AI with real-time, multi-chain blockchain data via a robust API, today announced the official launch of its mainnet alongside its recent induction into NVIDIA’s Inception program for AI startups. These milestones mark a major step in Hive’s mission to make AI-driven …
The cypherpunk and crypto executive cautioned Bitcoin holders to remain vigilant and always thoroughly review destination addresses. Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, sounded the alarm on Bitcoin address poisoning attacks, a social engineering scam that uses similar addresses from a victim’s transaction history to fool them into sending …
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Hong Kong’s Securities and Futures Commission has introduced new crypto staking rules as part of its broader effort to position the city as a leading Web3 hub. Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto exchanges offering staking services. In an April 7 announcement, the SFC announced new guidelines for …
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The whale’s $340 million short position faces liquidation if Ether’s price falls below $1,119 amid growing investor fear. An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure. The whale is reportedly close to liquidation …
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Bitcoin battles everything from a “death cross” to record low sentiment as US trade tariffs wreak havoc across global markets. Will 2021 prices return? Bitcoin (BTC) is turning back the clock this week as tariff mayhem drags BTC price action toward 2021. Bitcoin is giving up bull market support lines left and right as a …
Continue reading “Black Monday 2.0? 5 things to know in Bitcoin this week”
Hedge fund manager Cathie Wood has doubled down on shares of Coinbase (COIN) amid the tariff-induced stock market crash. According to Cathiesark.com, Ark Invest placed three buy orders for Coinbase stock on April 4th, amounting to over $13 million, making COIN the second-largest holding in all its combined exchange-traded funds (ETFs). COIN is currently trading …
Billionaire hedge fund manager Bill Ackman is predicting that President Donald Trump will renege on his threats of tariffs on importers, reversing much of the fear rattling financial markets. Posting on the social media platform X, Ackman, the founder and CEO of Pershing Square Capital Management, says that President Trump’s phone has likely been “ringing …
