Market Wrap

Market Wrap

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Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt.

A do not wall crosswalk. (Kai Pilger/Unsplash)

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Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

Cryptocurrencies reversed early losses as risk assets shrugged off the Moody's U.S. debt downgrade.

Bitcoin (BTC) price on May 19 (CoinDesk)

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Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut

Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.

OpenAI's Sam Altman, who has proposed Universal Basic Compute as a fix for automation-driven global equality. (Village Global/Flickr)

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Bitcoin Holds Above $100K, Altcoins Slide as Analyst Sees Crypto Rally Into Summer

After testing the $100,000 level early Thursday, bitcoin reversed to above $103,000.

Bitcoin (BTC) price on May 15 (CoinDesk)

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Bitcoin Falls Below $102K; Easing of Tariff Risk Could See More Underperformance

After one month of eye-popping gains, fattened bulls are lightening up after the U.S. and China announced a trade truce.

Bitstamp reversed course. (Peter Hermus/Getty images)

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Dogecoin, Cardano’s ADA Lead Market Gains as Bitcoin Traders Eye Next Fed Meeting

Analysts say they expect a 100 basis-point cut in 2025, with easing likely to start after July.

Federal Reserve Chair Jerome Powell speaks during a news conference

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Gold Continues Correcting and That Might Be Good for Bitcoin

The two assets have had inverse-correlated ETF flows on four different days in the last week.

Gold (Credit: Shutterstock)

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Crypto Rebounds From Early Declines Alongside Reversal in U.S. Stocks

The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.

U.S. President Donald Trump (Credit: Shutterstock/Evan El-Amin)

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Bitcoin Edges Above $95K, U.S. Stocks Remain Strong as Analyst Warns of 'Blind' Market

Secretary of Commerce Howard Lutnick announced that the White House was finalizing a trade deal with an unnamed country.

The recent market downturn has made regulating crypto "politically possible." (Best Backgrounds/Shutterstock)