Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant
The group may also be benefitting from a modest rise in the price of bitcoin on Tuesday.
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Market Wrap
The group may also be benefitting from a modest rise in the price of bitcoin on Tuesday.
The crypto market wobbled after Trump accused China of violating a tariff truce.
An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt.
Cryptocurrencies reversed early losses as risk assets shrugged off the Moody’s U.S. debt downgrade.
Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.
The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.
Secretary of Commerce Howard Lutnick announced that the White House was finalizing a trade deal with an unnamed country.
Gold soared to a new record high as the selloff in the U.S. dollar and long-term Treasuries continued in force on Friday.
Gold continues to be the star of the cycle, jumping to a new record above $3,050 per ounce.
Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.