Bitcoin Struggles as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed
Hong Kong’s Hang Seng index rose above 24,000 for the first time since March, driven by trade talk optimism.
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Hong Kong’s Hang Seng index rose above 24,000 for the first time since March, driven by trade talk optimism.
The big rally in bitcoin and stocks over the past eight weeks has occurred with a (somewhat) hawkish Fed; a dovish turn could provide fuel for new legs higher.
A number of indicators suggested the bull market has more room to run, said NYDIG.
Coinbase said 69,461 customers were initially impacted by the breach, but fears remain over the threat of real-world robberies.
The move comes as the long/short ratio is at its lowest point since September 2022.
An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt.
Regulatory tailwinds, persistent ETF and corporate buying, Fed rate decisions and Trump’s looming tariff deadline are setting the crypto market up for an eventful next few months.
Major tokens slip as traders lock in gains following macro-fueled surge, with market focus shifting to upcoming events.
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.