Markets plunged after President Trump announced global tariffs, triggering the worst stock performances since 2020 and a sharp crypto pullback.
Standard Chartered now calls bitcoin a 'US isolation' hedge as it has held up better than most tech stocks in the recent market selloff.
Analysts said a bitcoin buying opportunity has emerged after some clarity from President's Trump's tariff policies.
Experts warn rising hardware costs could squeeze U.S. miners, while others speculate the government may use new tariff revenues to acquire Bitcoin.
Standard Chartered’s hypothetical ‘Mag 7B’ index, with bitcoin replacing Tesla, delivered higher returns than the original lineup.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Net inflows were recorded every day last week — signaling a "decisive shift in sentiment," Head of Research James Butterfill said.
Onchain sleuth ZachXBT claimed that the leverage trader is a "cybercriminal gambling with stolen funds."
The GMCI Meme index's largest holdings — including Dogecoin and Trump — have faced substantial selling pressure as speculative traders exit.
"We estimate that Base (the dominant layer 2) has removed $50 billion of market cap from Ethereum alone," said Geoffrey Kendrick.
Wednesday's cooler-than-expected U.S. CPI inflation reading has strengthened the case for potential Federal Reserve rate cuts.
Bitcoin and U.S. stocks rallied Wednesday after February's CPI inflation rate came in at 2.8%, below economists' expectations.
The analysts expect clarity on budget-neutral bitcoin acquisition measures from Treasury Secretary Scott Bessent by May 5.
Standard Chartered attributes Bitcoin's recent downturn to broader equity market distress rather than cryptocurrency-specific issues.
CryptoQuant data indicates a significant decline in Bitcoin and Ethereum futures open interest, suggesting a potential leverage washout.
Analysts warn of an impending U.S. stock market correction as bitcoin’s safe haven status remains unproven.
Crypto markets face heightened volatility, with Bitcoin dropping below $80,000 amid uncertainty over Trump's strategic Bitcoin reserve plan.
Weaker-than-expected U.S. jobs growth in February could prompt a dovish pivot by the Federal Reserve, analysts said.
Standard Chartered suggests U.S. could potentially fund the Strategic Bitcoin Reserve in a budget-neutral way by selling gold for bitcoin.
Bitcoin derivatives traders are ramping up leveraged positions and boosting open interest ahead of Friday’s White House Crypto Summit.
World Liberty Financial has increased its crypto holdings ahead of the White House Crypto Summit, including ETH, WBTC and MOVE acquisitions.
China has ramped up both fiscal and monetary stimulus to counter economic challenges, with increased liquidity potentially benefiting bitcoin.
Standard Chartered warns that bitcoin’s price could drop to as low as $69,000, bringing it closer to MSTRs average purchase price of $65,000.
Bitcoin struggles to fulfill safe-haven aspirations, whilst gold gains favor among investors seeking shelter from market volatility.
A broad market sell-off hit both crypto, driving $1 billion in liquidations, amid fears of economic fallout from Trump administration tariffs.
Despite the significant liquidation volume, major lending platforms have demonstrated resilience, continuing to function as designed even under stress.
Ronaldinho has released a memecoin on called STAR10 on BNB Chain, which offers tokens holders access to challenges, rewards and events.
The Bybit hack, a more hawkish Federal Reserve and weakened sentiment contributed to the negative flows, James Butterfill said.
The inclusion of cryptocurrencies other than Bitcoin has sparked criticism from some crypto industry figures.
At one point early Sunday, if the price of ETH had fallen only $54 more, the trader would've been liquidated for millions of dollars.