Tag: Economic impact
Bitcoin Price Drops Below $100K After Trudeau Responds to Trump’s Tariffs
Bitcoin's value has plummeted below $100,000 for the third consecutive day, marking a significant downturn in the cryptocurrency market. This drop comes in response to escalating trade tensions between the United States and its...
Stock Market Correction: S&P 500 and Nasdaq Trends
As the world grapples with the aftermath of the recent stock market correction, a stark contrast emerges between the performance of traditional equities and the ever-volatile cryptocurrency market. Since President Trump's election victory in...
How Online Casinos Will Contribute $7.10B Annually to the British Economy by 2029
The online casino industry in the United Kingdom is set to experience significant growth over the next five years. Currently generating an impressive $6.47 billion annually, market projections indicate that this figure will rise...
Is Donald Trump Protecting Bitcoin from Tech Stock Decline?
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their...
German Government Sells Bitcoin Worth Over $195M In Ongoing Selling Spree
The German government has recently started selling a large amount of Bitcoin from a confiscated wallet, which has contributed to the ongoing price decline in the cryptocurrency market. This selling spree is part of...
Biden’s Proposed 30% Tax Threatens U.S. Bitcoin Mining
The recent proposal by the Biden administration to impose a 30% tax on cryptocurrency miners has sparked concerns and backlash within the industry. Many believe that this move represents an ideological attack on a...