Tag: Economic uncertainty
Bitcoin Decouples from US Stocks Amid Supply Challenges
Bitcoin has been facing a significant price drop, plummeting over 20% from its June highs above $70,000. This decline comes as Bitcoin decouples from surging US equities, with the 90-day correlation coefficient between Bitcoin...
Bitcoin (BTC) Volatility Amid Tariff Hikes: Long-Term Resilience
Bitcoin's recent price movements have been a hot topic of discussion in the financial world, with many attributing these fluctuations to macroeconomic factors and changes in US policies. The popular cryptocurrency, BTC, experienced a...
Paul Tudor Jones Bets Big on Bitcoin and Gold for Hedge Against Inflation
Billionaire hedge fund manager Paul Tudor Jones II recently shared his investment strategy, revealing that he is heavily invested in both gold and Bitcoin. Jones explained that he believes inflation is inevitable, regardless of...
Bitcoin price plummets to six-month low amid macroeconomic uncertainty
Bitcoin's price has taken a significant hit, dropping to a six-month low of under $50,000 as investors flee from riskier assets in the face of macroeconomic uncertainty. This sudden plunge has sparked panic in...
Crypto Market Update: Bitcoin Price Drops to $62k Alongside Stock Market Decline
Bitcoin's price took a hit on August 1, dropping to nearly $62,000, its lowest level since mid-July. This decline was part of a broader trend in the cryptocurrency market, with the global market cap...
Bitcoin: ‘Digital Gold’ and Economic Hedge, BlackRock CEO Emphasizes
BlackRock CEO Larry Fink recently reiterated his support for Bitcoin, referring to it as "digital gold" and highlighting its potential as a hedge against economic uncertainty. This statement came during a CNBC interview following...