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The cryptocurrency market is showing signs of a slight recovery after its most recent bloodbath. Bitcoin (BTC) rallied 3.8% in the last 24 hours and is inching closer to $80,000 once again. The global crypto market cap has climbed 3.7% in the previous 24 hours to $2.59 trillion. Dogecoin (DOGE) also follows a similar path. The original memecoin is up 10% in the daily charts. Despite the rally, the asset is down 10.8% in the weekly charts, 17.3% in the 14-day charts, 20.8% in the monthly charts, and 26.5% since April 2024. Also Read: Chinese Yuan Falls To Lowest Level Against US Dollar In 2 Years Source: CoinGecko Spell Of Tariffs Grip Financial World Source: Reuters Dogecoin (DOGE) and other cryptocurrencies faced a massive price dip on Monday, Apr. 7. Global stock markets also plummeted as a result of President Trump’s tariffs. China witnessed its worst stock market crash since 2008. Japan and Taiwan had to halt trading due to circuit breaks. China has slammed a 34% tariff on the...

The market destruction caused by Donald Trump’s recent economic measures was temporarily lessened when various X accounts and news networks jumped on an apparently fake headline about a 90-day pause in tariffs. Various headlines claimed that National Economic Council Advisor Kevin Hassett said Trump was considering a 90-day pause in tariffs — except for on China. However, the information wasn’t true, and the White House eventually described the claim to CNBC as “ fake news .” Where did the story come from? “Walter Bloomberg,” the pseudonymous X user who uses the handle @DeItaone, was one of the major accounts who posted this claim, stating it was originally sourced from Reuters. Strangely, Reuters public reporting seems to reference a CNBC chyron.  Some who were watching CNBC, however, claim that the hosts were confused by the apparent news, and it didn’t seem to come from its reporting. CNBC was able to reach...

While United States equities took a historic beating this week after President Donald Trump’s sweeping new tariffs, one major asset class barely flinched—Bitcoin (BTC). Notably, at a time when all the major indices recorded massive capital outflows, Bitcoin showed resilience, a move mirrored across the broader cryptocurrency market. As of press time, Bitcoin was trading at $82,427, down just 0.49% over the past seven days. In the past 24 hours, the flagship digital currency has slipped a modest 0.5%. Bitcoin seven-day price chart. Source: Finbold In contrast, weekly index performance paints a bleak picture: the S&P 500 is down 8.21%, the Dow Jones has dropped 7.4%, and the Nasdaq fell 8.4%. The cryptocurrency titan showed surprising stability throughout the week, briefly surging to nearly $88,000 on April 2 before cooling off. Despite the pullback, Bitcoin has remained largely range-bound and resilient, showing signs of decoupling from broader market t...

Two BRICS countries are closely working towards launching a common currency and sideline the US dollar for trade and transactions. Both the countries are sanctioned and re-sanctioned by the White House this year and their economy is reeling under pressure. Therefore, the duo are finding alternative solutions to keep their respective economy afloat and not go bust as sanctions hit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: Russia & Iran Working Towards Launching a Currency to Sideline US Dollar Source: Breaking Defense Kazem Jalali, Iran’s Ambassador confirmed that the Islamic Republic is working closely with its BRICS counterpart Russia to create a new currency to end US dollar dependency. Jalali revealed that the creation of a new currency can uplift Russia and Iran’s economy avoiding reliance on the West. Also Read: BRICS Considers New Financial Options For Trade Settlements “The creation of a new single currency within the...

Panic selling has caused a 5.63% decrease in XRP price over the past twenty-four hours. On April 2, President Trump’s latest tariff package sent the entire cryptocurrency market into panic mode. This resulted in over $140 billion in losses for the wider market. At press time, the token was changing hands at a price of $2. This figure equates to a 3.69% loss on a year-to-date (YTD) basis. XRP price 1-day and year-to-date (YTD) charts. Source: Finbold It appears that a drop below $2 due to the tariffs is imminent. While bullish traders managed to keep the drop in XRP price from breaching the psychologically important level of support on April 1, at present, there simply is no bullish catalyst strong enough to stop the sell-off. Picks for you New crypto listings are crushing gold, stocks, and even Bitcoin - Report ...

Circle wants to IPO, and its S1 filing details the staggering difference between the regulated, US-based stablecoin issuer and its offshore competitor, Tether. Despite their relatively similar sizes, the financials of the world’s two largest stablecoin issuers are miles apart. As of December 31, 2024, there were 137.4 billion circulating USDT and 43.9 billion circulating USDC. Despite USDC’s market capitalization being approximately one-third of USDT, their profitability diverges massively. Specifically, Tether reported a gross profit of  $13 billion that year , while Circle reported just $156 million in net income.  Specifically, Tether reported a gross profit of $13 billion that year, while Circle reported just $156 million in net income. In percentage terms, the market capitalization of USDT was just 213% bigger than USDC, yet its profit was roughly 8,000% bigger . It certainly begs the question of how Tether achieved its extraordinary gains. How come @circle h...

There is no denying that 2025 has not been kind to the US stock market this year. One of the biggest surprises has been Nvidia (NVDA), with the tech giant losing $1 trillion in market cap and dropping 10%, leading many investors to question what could be next for the AI chipmaker. There was no company that had a better 2024 than Nvidia, jumping more than 174% that year. However, a combination of geopolitical uncertainty and economic fragility has forced it into a troublesome position this year. For now, all eyes are on the potential turnaround for a company that, at one point, had eyed a $4 trillion market cap record. Source: Investopedia Also Read: Nvidia (NVDA): Jim Cramer Says Stock Is Still Best Bet in 2 Key Areas Nvidia Stock Keeps Falling in 2025: When Will Things Turn Around? It is incredible to think that just three months ago, Nvidia had closed at an all-time high price of $149.43. Then, it had an astonishing market cap of $3.7 trillion. Yet, its falling value this year has th...

BlackRock CEO Larry Fink has warned that Bitcoin’s growing appeal as a safe-haven asset could threaten the US dollar’s global dominance. In his Annual Chairman’s Letter to Investors, the BlackRock CEO wrote that decentralized finance is “an extraordinary innovation,” but added that this same innovation “could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”  US Could Default On Ballooning Debt By July Fink’s warning comes as the US’s gross national debt hit $36.2 trillion on March 5, according to the country’s Joint Economic Committee. The national debt is rising at a rate of $1.8 trillion per annum, which equates to $4.9 billion per day.  Should the debt continue to rise, the Bipartisan Policy Center warned this month that the US could default on its debt by as early as July 2025. Despite this, Moody’s Ratings has retained the US’s AA...