Coindesk

Bitcoin, S&P 500 Take Backseat to Stagflation Trade as Trump Tariffs Threaten to Derail Growth

No one dared to speak about the potential for stagflation, the dreaded word representing portmanteau of stagnation and inflation, at the World Economic Forum in Davos early this year despite the looming Trump tariff and trade war.However, investors have acknowledged the s-word risk, leading to the outperformance of stagflation-linked strategies relative to the buy-and-hold bitcoin and the S&P 500.As of last week, Goldman Sachs' "stagflation basket," which bets on strength in commodities and defensive plays like health care and shorts on the consumer discretionary, semiconductors and unprofitable tech stocks, was up nearly 20% for the year..The S&P 500, Wall Street's benchmark equity index, has dropped 4% this year, with bitcoin, the leading cryptocurrency by market value, down 10%, per data...

Strategy Leverages STRK ATM to Acquire 130 More Bitcoin

Strategy (MSTR) marginally added to its massive bitcoin (BTC) holdings, selling a modest amount of its preferred stock (STRK) to fund the acquisition.The company last week purchased 130 bitcoin for roughly $10.7 million, or an average price of $82,981 each, according to a Monday morning filing. The so-called "BTC yield" is 6.9% year-to-date, according to Strategy.Company holdings are now 499,226 bitcoin acquired for a total of $33.1 billion, or an average cost of $66,360 per token.This latest purchase was funded by the sale of 123,000 shares of STRK, which generated about $10.7 million of net proceeds. Strategy last week announced a mammoth $21 billion at-the-market offering of that preferred stock.Disclaimer: Parts of this article were generated with the assistance from...

After Four Straight Monday Declines, What’s on the Cards for Bitcoin?

Bitcoin (BTC) investors are looking to move past four consecutive Monday losses.Over the past few weekends, the largest cryptocurrency has experienced significant price volatility, driven by macroeconomic uncertainty including geopolitical tensions, tariffs and rising global bond yields. The weekend nervousness appears to have carried over into Mondays.Data from Velo shows the over the past three months Mondays and Thursdays have been the most negative days of the regular workweek. Sunday, however, stands out as the worst-performing day of the week overall, with an average price decline of 1%. Overall, weekends perform slightly worst than weekdays in terms of performance. Bitcoin has fallen the past four Mondays, Coinglass data shows. It lost 0.31% on Feb. 17, 4.6% on Feb. 24, 8.5% on...

Crypto Daybook Americas: Recession Concerns Stifle BTC Recovery Prospects, Memecoins Buzz

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin (BTC) has found some stability around its 200-day average at about $84,000 after dipping below $77,000 early last week. The broader market recovery was led by memecoins, layer-2 tokens and gaming tokens.However, maintaining a sustained uptick could still be a challenge, especially since President Donald Trump's administration appears to have a higher tolerance for market instability than many expected. Just two months ago, when Trump took office, the crypto market was buzzing with optimism that any turbulence created by tariffs would lead to prompt policy support from the White House.That optimism seems to have been misplaced. Over the weekend, Treasury Secretary Scott Bessent said corrections are healthy and normal, a hint...

Bitcoin Faces Massive ‘Supply Gap’ Between $70K and $80K

Bitcoin's (BTC) ongoing price pullback could accelerate below $80K, as on-chain analysis by Glassnode indicates that the $10K price range beneath this level was marked by weak economic activity late last year.BTC prices quickly rose from $70K to above $80K in early November after pro crypto Donald Trump won the U.S. Presidential election. As a result, very little BTC changed hands between those levels, leaving a so-called "supply gap," as evident from Glassnode's UTXO Realized Price Distribution (URPD) chart. This metric tracks the price points at which existing bitcoin UTXOs were last moved. Each bar represents the volume of bitcoin that last changed hands within a specific price range. The data is entity-adjusted, meaning it assigns an average purchase price...