Crypto News
Powell Likely to Wait Until Trump Blinks, ‘Dr. Doom’ Roubini Says
Nouriel Roubini, the economist who predicted the 2008 global financial meltdown to earn himself the nickname Dr. Doom, warned traders against relying on the Federal Reserve for a swift resolution to the financial market instability sparked by President Donald Trump's tariffs on international trade.A week ago, Trump announced sweeping tariffs against many nations, including a hefty levy on Chinese imports that's now been lifted to 104%. Financial markets cratered on concerns the move will drag the U.S. and other economies into recession.The Nasdaq 100 has lost 12% and bitcoin (BTC), the largest cryptocurrency by market value, dropped 10%, hitting prices below $75,000 at one point. Volatility in the U.S. Treasury market exploded, with yields on longer-dated bonds surging, sending prices...
Bitcoin Likely to Become More Volatile After Entering $70K–$80K ‘Air Pocket’
The bitcoin (BTC) price is likely to become more volatile after dipping below $75,000 twice in the past week as it extends its drop from the all-time high of $109,000 reached on Jan 20. That's taken it into what Glassnode shows as an “air pocket” between $70,000 and $80,000 created after the largest cryptocurrency soared following President Donald Trump's election victory in November.The largest cryptocurrency climbed to over $100,000 from $70,000 after the vote without ever revisiting its starting point. Historically, when bitcoin rallies without consolidating at key levels, it often returns to retest them later. This lack of price interaction implies low supply, increasing the likelihood of rapid movement.One way of showing this is to look at bitcoin's unspent...
Trade Tensions: Trump Claims China’s Currency Manipulation to Mitigate Tariff Impact May Backfire
U.S. President Donald Trump accused Beijing of currency manipulation to offset tariff impacts, warning that the practice may backfire on the oil-importing Asian nation. Offshore Yuan Falls to 7.42 per Dollar With just hours before the United States’ latest retaliatory tariffs against China were set to take effect, U.S. President Donald Trump accused Beijing ofSource link
Argentina’s Congress Launches Probe Into LIBRA Fiasco
Argentina’s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country after being promoted by President Javier Milei earlier this year.In a special session called by the “Democracy Forever” bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top government officials, and a formal request for information from the executive branch.Among those summoned are Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release from the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced strong opposition, revealing a split across...
Ripple, Solana, Cardano: How Will Trump Tariffs Impact Their Tokens?
Majors XRP, Solana (SOL), and Cardano (ADA) are each seeing a roughly 6% price slump in the past 24 hours amid broader macroeconomic pressures.Recent market narratives show uncertainty around U.S. policies, including tariffs and a hawkish Federal Reserve stance with fewer expected rate cuts in 2025, providing the fundamental backdrop for a move further lower in crypto majors.Here’s what technical analysis and price-action indicate for these tokens in the near term.XRP Price AnalysisXRP, the token closely related to payments firm Ripple Labs, is below critical support levels with the next support threshold around the $1.60 mark. High leverage in XRP trading positions, as Coinglass data shows, hints at potential for more downward pressure before any recovery.A potential double bottom pattern...