Coindesk

Since the start of April, bitcoin (BTC) has experienced an unusual increase in conviction from both short-term and long-term holders. According to Glassnode, short-term holders—those who have held bitcoin for less than 155 days—are typically more reactive to price movements, often buying during periods of euphoria and selling during downturns. However, of late, short-term holders appear to have become value-driven buyers despite bitcoin currently sitting roughly 25% below its all-time high.Since the start of April, this group has grown by around 15,000 BTC, now holding a total of just over 3.7 million BTC. That said, since February, they have distributed approximately 280,000 BTC—likely a mix of profit-taking from the November–December rally, which followed President Donald Trump’s election win. That's in...

The VIX index, which shows the equity market's expectations for 30-day volatility and is often called Wall Street's "fear gauge," rose to 39, the highest since October 2020, after China imposed retaliatory tariffs on the U.S., data from TradingView show.The increase, coupled with the sharp sell-off in the U.S. stock-index futures, prompted traders to increase estimates of Federal Reserve interest-rate cuts to 116 basis points this year, up from 100 basis points before the China news hit the wires, CME's FedWatch tool shows. Bitcoin (BTC) traded 0.7% lower on the day at $82,500 at press time, having earlier put in highs above $84,600. Bitcoin's 30-day implied volatility, represented by Deribit's DVOL index, rose to an annualized 54.6%, the highest in...

Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump's Wednesday decision to boost the overall levy on Chinese goods to 54%.Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day.Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions."China's response is not only negative for the U.S. but it is also impacting the global outlook," ForexLive's analyst Justin Low wrote in a market update.Source link

The U.S. stock-market slide prompted by President Donald Trump's global tariff announcement on Wednesday sent the Nasdaq Composite Index into one of its biggest funks since the start of the century.The tech-heavy index lost 5.5% on Thursday, just outside the top 20 worst single-day drawdowns since 2000, according to Investing.com. Most of the largest drawdowns occurred during the dot-com crash of 2000-2001 and the 2008 global financial crisis. Other equity measures also suffered, with the S&P 500 index falling almost 5%.In contrast, the bitcoin (BTC) price, which is typically correlated with U.S. equities over short timeframes, bucked the trend. The largest cryptocurrency, which tumbled immediately after the announcement while stock markets were closed, rose 0.7% the following day, with momentum...

As the pivotal U.S. nonfarm payrolls (NFP) report for March approaches, bitcoin (BTC) bulls find themselves in a situation reminiscent of the character Two-Face (Harvey Dent) from the movie "The Dark Knight," who flips coins to make decisions, confident of controlling the fate irrespective of the outcome.It's a classic case of "heads I win, tails you lose," which means that bitcoin bulls will likely come out on top after the impending jobs report, regardless of whether the data reveals labor market strength or weakness.This situation arises from President Donald Trump's Wednesday announcement of sweeping tariffs affecting 180 nations, prompting forward-looking markets to price in recession risks and expectations of Federal Reserve rate cuts.Consequently, stronger-than-expected jobs data, which typically strengthens the...