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Yahoo
11-06-2025
- Business
- Yahoo
Markets hold steady as inflation data cools rate hike fears
Markets hold steady as inflation data cools rate hike fears originally appeared on TheStreet. The May CPI report came in softer than expected, offering a reassuring signal for markets. The second month-over-month headline inflation increase was only 0.1% compared to the expected increase of 0.2%. The core CPI (excluding food and energy) was also up only 0.1%, below this month's expected increase of 0.3%. All of the above was on a year-over-year basis, headline CPI was reported at 2.4%, which was exactly where it was expected, while Core CPI was 2.8% year-over-year, just below the expected 2.9%. The weak core implies moderating underlying price pressures and could give the Fed some cover to cut rates if necessary later this year. Global markets were on the edge of their seats with only minutes to go until the release of the U.S. Consumer Price Index (CPI) for May. According to analysts at 10x Research, although today's data will be the first to account for the effects of President Donald Trump's re-imposition of tariffs, they expect a "flat or modestly higher" CPI, which should minimize concerns about a significant uptick in inflation. While there were initial concerns that companies would pass the tariffs on to consumers, it now seems likely that companies will absorb the costs associated with the tariffs. Although they are likely to have considerable inventory, stockpiling has not yet elevated prices. "For the bearish narrative to regain traction, a new catalyst is needed," they claim. According to Bitunix analysts, it could be a pivotal time for crypto. If inflation surprises on the upside, Bitcoin could test support at $106,000. At the other end, if inflation comes in 'cooler' than expected, Bitcoin prices could see resistance at $110,350. 'Short-term movements will remain event-driven,' they say, with the market largely awaiting signals from the Fed around interest rate policy. Bitcoin is currently trading at $109,225, unchanged for the day, while Ethereum trades at $2,766.83 and Solana has gained 2.2% to $164.22 in the last 24 hours. The total crypto market cap is $3.56 trillion, down 1.4% during the previous 24 hours. With CPI expectations 'finely tuned' and the Fed expected to remain on the sidelines, traders are preparing for volatility. But until a stronger inflation print—or a new macro catalyst—emerges, markets may remain in consolidation mode. Markets hold steady as inflation data cools rate hike fears first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.
Yahoo
06-06-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Faces Bearish June Seasonality as ETF Flows Slow
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) and other major cryptocurrencies continue to offer little directional clarity to traders, with inflows into spot ETFs slowing during the seasonally bearish period. According to 10x Research, June tends to be a mixed-to-negative month for the largest tokens. Bitcoin has averaged a 1.9% return in June over the past 10 years, evenly split between five positive and five negative occurrences. Ethereum's ether (ETH) averaged an 11.7% decline, with only two out of the last seven Junes in the green. XRP has fared even worse, though SOL has been stronger. The apathy is reflected in the U.S.-listed spot bitcoin ETFs, which recorded net inflows in only two of the past five trading days. Inflows on Wednesday were just $87 million, a sharp decline from Tuesday's $387 million, SoSoValue data show. Ether ETFs recorded a net inflow of $57 million, the least since May 21. "The weakening pace of institutional flows confirms a loss of momentum — and makes us more cautious on the short-term outlook," Valentin Fournier, lead research analyst at BRN, said in an email. Other analysts, however, remain optimistic, citing the rapid pace of institutional adoption. "Despite the seasonal summer lull, the structural backdrop remains intact," QCP Capital said. "With both BTC and ETH emission rates now trailing global money supply growth, a long-term positive price drift appears increasingly probable. Fresh treasury buyers are absorbing supply." The firm also noted the relative strength in ether as the ETH-BTC ratio trades close to the recent range highs. The crypto news flow over the past 24 hours has been positive. Circle, the issuer of the regulated USDC stablecoin, priced its initial public offering at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. The California Assembly approved the AB-1052 bill, classifying long-inactive crypto assets as 'unclaimed property' and allowing the state to hold them in custody. Blockchain intelligence firm Arkham said that a whale address supposedly linked to Consensys purchased $320 million in ETH from Galaxy Digital and transferred it to a new address. Economic developments, however, have been dismal. Three soft U.S. economic reports, including the Fed's Beige book, sent the Treasury yields tumbling, reviving hopes for the Fed rate cut. Stay alert! Crypto June 5, 9:30 a.m.: Shares of Circle (CRCL), issuer of stablecoin USDC, begin trading on the NYSE. The IPO priced that stock at $31 apiece, valuing the company at $6.9 billion. June 6: Sia (SC) is set to activate Phase 1 of its V2 hard fork, the largest upgrade in the project's history. Phase 2 will get activated on July 6. June 9, 1-5 p.m.: U.S. SEC Crypto Task Force roundtable on "DeFi and the American Spirit" June 10, 10 a.m.: U.S. House Final Services Committee hearing for Markup of Various Measures, including the crypto market structure bill, i.e. the Digital Asset Market Clarity (CLARITY) Act. June 11, 7 a.m.: Stratis (STRAX) activates mainnet hard fork at block 2,587,200 to enable the Masternode Staking protocol. June 16 (market open): 21Shares executes a 3-for-1 share split for ARK 21Shares Bitcoin ETF (ARKB); ticker and NAV remain unchanged. Macro June 5, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 31. Initial Jobless Claims Est. 235K vs. Prev. 240K Continuing Jobless Claims Est. 1910K vs. Prev. 1919K June 5: German Chancellor Friedrich Merz meets President Donald Trump in the Oval Office to discuss tariffs, defense, Ukraine. June 6, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases April producer price inflation data. PPI MoM Prev. -0.62% PPI YoY Prev. 8.37% June 6, 8:30 a.m.: Statistics Canada releases May employment data . Unemployment Rate Est. 7% vs. Prev. 6.9% Employment Change Est. -15K vs. Prev. 7.4K June 6, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases May employment data. Non Farm Payrolls Est. 130K vs. Prev. 177K Unemployment Rate Est. 4.2% vs. Prev. 4.2% Government Payrolls Prev. 10K Manufacturing Payrolls Est. -1K vs. Prev. -1K Earnings (Estimates based on FactSet data) None in the near future. Governance votes & calls Arbitrum DAO is voting on whether to adjust the 7 million ARB delegated to Event Horizon following its pivot to AI-driven governance. Voting ends June 5. Uniswap DAO is voting on a proposal to fund the integration of Uniswap V4 and Unichain support in Oku. The goal is to expand V4 adoption, support hook developers and improve tools for liquidity providers and traders. Voting ends June 6. June 5, 9 a.m.: PancakeSwap to host an Ask Me Anything (AMA) session on security. June 5, 10 a.m.: TON to host a builders call, decentralized finance edition. June 10, 10 a.m.: to host an analyst call followed by a Q&A session. June 11, 7 a.m.: Cronos Labs lead Mirko Zhao to participate in a community Ask Me Anything (AMA) session. Unlocks June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $54.40 million. June 13: Immutable (IMX) to unlock 1.33% of its circulating supply worth $13.36 million. June 15: Starknet (STRK) to unlock 3.79% of its circulating supply worth $17.08 million. June 15: Sei (SEI) to unlock 1.04% of its circulating supply worth $10.71 million. June 16: Arbitrum (ARB) to unlock 1.91% of its circulating supply worth $32.91 million. June 17: ZKsync (ZK) to unlock 20.91% of its circulating supply worth $42.47 million. June 17: ApeCoin (APE) to unlock 1.95% of its circulating supply worth $11.02 million. Token Launches June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN). The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Day 4 of 6: SXSW London Day 3 of 3: Money20/20 Europe 2025 (Amsterdam) Day 2 of 3 Non Fungible Conference (Lisbon) Day 1 of 2: 2025 Crypto Valley Conference (Zug, Switzerland) June 14: Incrypted Crypto Conference 2025 (Kyiv) June 19-21: BTC Prague 2025 June 25-26: Bitcoin Policy Institute's Bitcoin Policy Summit 2025 (Washington) June 26-27: Istanbul Blockchain Week By Shaurya Malwa DEGO nosedived roughly 60% to $1.26 on June 4–5 after the BNB Chain-based Dego protocol said it would buy World Liberty Financial's stablecoin, USD1, as a treasury reserve and seed a DEGO/USD1 pool on BNB Chain. Chain sleuths found 93% of USD1's circulating supply parked in just three wallets. Traders are concerned the pair's depth, and therefore DEGO's new price floor, could be yanked at any moment, sparking 'exit-liquidity' accusations. Dego Finance said in a Thursday tweet that 'fundamentals, tokenomics, long-term vision" were unchanged and pinned the price collapse on 'short-term market psychology." The team claimed it is auditing on-chain flows and liaising with exchanges/market makers to dampen volatility. Skeptics warned of 'ghost liquidity' and urge the team to court more reputable stablecoins such as USDT, FDUSD and USDC before deploying treasury funds. Dego will publish a post-mortem and treasury-transparency dashboard 'within days,' host an AMA with core devs, and outline additional safeguards (e.g., time-locked treasury moves, multi-sig sign-offs) to rebuild confidence. Growth in CME-listed BTC and ETH futures open interest has stagnated this month, leaving the annualized one-month basis between 5% and 10%. The figures show that institutions have scaled back demand. Binance's 1000SHIB perpetual futures and BCH perpetual futures show negative funding rates in a sign of bearish bias. Other major tokens, including BTC and ETH, continue to trade with mildly bullish or positive funding rates. On Deribit, the BTC call bias has weakened across multiple time frames. Still, higher strike BTC calls continue to dominate the 24-hour volume rankings. Institutional flows on OTC network Paradigm featured outright put buying in June and July expiries and calendar spreads. BTC is up 0.25% from 4 p.m. ET Wednesday at $104,909.52 (24hrs: -0.79%) ETH is unchanged at $2,607.45 (24hrs: -1.02%) CoinDesk 20 is unchanged at 3,086.55 (24hrs: +0.81%) Ether CESR Composite Staking Rate is down 2 bps at 3.05% BTC funding rate is at 0.0041% (4.4435% annualized) on Binance DXY is unchanged at 99.82 Gold futures are up 1.15% at $3,412.40/oz Silver futures are up 3.61% at $35.76/oz Nikkei 225 closed -0.51% at 37,554.49 Hang Seng closed +1.07% at 23,906.97 FTSE is up 0.19% at 8,817.89 Euro Stoxx 50 is up 0.44% at 5,429.08 DJIA closed on Wednesday -0.22% at 42,427.74 S&P 500 closed unchanged at 5,970.81 Nasdaq Composite closed +0.32% at 19,460.49 S&P/TSX Composite Index closed -0.37% at 26,329.00 S&P 40 Latin America closed -0.71% at 2,560.51 U.S. 10-year Treasury rate is down 2 bps at 4.35% E-mini S&P 500 futures are up 0.07% at 5,985.25 E-mini Nasdaq-100 futures are up 0.08% at 21,784.5 E-mini Dow Jones Industrial Average Index futures are up 0.12% at 42,550.00 BTC Dominance: 64.16 (0.00%) Ethereum to bitcoin ratio: 0.02487 (-0.12%) Hashrate (seven-day moving average): 900 EH/s Hashprice (spot): $52.7 Total Fees: 4.7 BTC / $496,562 CME Futures Open Interest: 145,655 BTC BTC priced in gold: 30.9 oz BTC vs gold market cap: 8.76% The yield on the U.S. 10-year Treasury note has dived out of an ascending trendline from early April lows. The breakdown suggests more losses ahead, which could ease financial conditions, powering BTC higher. Strategy (MSTR): closed on Wednesday at $378.10 (-2.41%), +0.28% at $379.15 in pre-market Coinbase Global (COIN): closed at $256 (-1.12%), +0.48% at $257.23 Galaxy Digital Holdings (GLXY): closed at C$27.49 (+4.76%) MARA Holdings (MARA): closed at $15.67 (+2.22%), -0.26% at $15.63 Riot Platforms (RIOT): closed at $9.5 (+5.2%), unchanged in pre-market Core Scientific (CORZ): closed at $12.56 (+6.44%), +0.64% at $12.64 CleanSpark (CLSK): closed at $9.53 (+3.47%), -0.21% at $9.51 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $19.19 (+7.09%) Semler Scientific (SMLR): closed at $35.76 (+0.51%) Exodus Movement (EXOD): closed at $26.93 (-9.78%), +7.43% at $28.93 Spot BTC ETFs Daily net flow: $87 million Cumulative net flows: $44.55 billion Total BTC holdings ~ 1.20 million Spot ETH ETFs Daily net flow: $57 million Cumulative net flows: $3.30 billion Total ETH holdings ~ 3.73 million Source: Farside Investors Bitcoin is expected to create several times more wealth for holders than any other asset, including gold, over the next 10 years, according to Bitwise. Prices are reflexive, meaning expectations of higher valuations can actually draw buyers, leading to a self-fulfilling cycle. Big Investors Shift Away From U.S. Markets (Financial Times): Concerned by debt risks and volatile trade policy, major investors are trimming U.S. exposure and shifting toward Europe, where political stability and infrastructure plans are drawing fresh capital. Bitcoin's 50-Day Average Hits Record High, but There's a Catch (CoinDesk): ETF-driven buying has cooled and profit taking is rising, narrowing the gap between spot and trend levels and increasing the risk of a pullback toward $100,000. Hong Kong Set to Allow Crypto Derivatives Trading (CoinDesk): Hong Kong's Securities and Futures Commission is reportedly planning to open crypto derivatives trading to professional investors, tapping a market that saw $21 trillion in Q1 volume — far outpacing spot activity. Coinbase Unlocks DeFi Opportunities for XRP and Dogecoin Holders on Base (CoinDesk): Coinbase debuted wrapped versions of XRP and DOGE — cbXRP and cbDOGE — on its Base blockchain. As Drones Transform Warfare, NATO May Be Vulnerable (The New York Times): Ukraine's drone blitz deep inside Russia has prompted NATO to assess its own vulnerabilities, with Cornell's James Patton Rogers calling it a glimpse into how future wars may unfold. Germany's Leader Has a Message for Trump: We Need You, but You Also Need Us (The Wall Street Journal): Chancellor Friedrich Merz meets Trump to revive trade talks, back stronger Russia sanctions and highlight Berlin's expanding defense outlays ahead of key NATO and G7 summits. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Bitcoin and MicroStrategy aren't swinging like they used to
According to a new research from 10x Research, Bitcoin and MicroStrategy have entered a rare period of calm, with both assets exhibiting the lowest volatility in over a year. Bitcoin's 30-day realized volatility has dropped to 37, while MicroStrategy's volatility has decreased to 60 from its high of 168 just a few weeks ago. MicroStrategy has now been rebranded as Strategy. The market's coordinated reduction in price swings shows that it is settling. The sharp drop in volatility means price swings have cooled for retail investors, but it could be the calm before a significant move. However, there are more signs of increasing institutional commitment under the surface. MicroStrategy recently raised $2 billion in zero-coupon convertible notes, which, according to reports, will be used solely for additional Bitcoin purchases. The buy-side goes into overdrive as U.S. spot bitcoin ETFs surpass 1.2 million BTC in holdings with nearly $1 billion in net inflows through two months of trading sessions. CoinMarketCap's new report also shows other more positive tailwinds: Russia established legal property status for Bitcoin for cross-border trade, and U.S. States such as Arizona, New Hampshire, and Texas now allow Bitcoin reserves. However, analysts warn that this lower volatility could be a double-edged sword. It could peak either way for greater upside momentum or be a tenuous moment for macro risk-off. Bitcoin and MicroStrategy aren't swinging like they used to first appeared on TheStreet on May 23, 2025
Yahoo
13-05-2025
- Business
- Yahoo
Bitcoin Eyes Record High Above $109K as U.S. Cuts Tariffs on Chinese Goods to 30% From 145%
Bitcoin BTC could soon hit record price highs, triggering accelerated gains in the wider altcoin market, as easing U.S.-China trade tensions may see markets react positively to a potential slowdown in the April CPI due this week. The United States reached a trade agreement with China after two days of high-level negotiations in Geneva, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced on Sunday. Both the countries announced a temporary reduction in tariffs with U.S. cutting tariffs on Chinese goods from 145% to 30% for a 90-day period. In a reciprocal move, China will also lower tariffs on U.S. goods from 125% to 10% over the same duration. The surprise announcement triggered a surge in the bitcoin price, sending it past $105,000. The trade deal comes after weeks of a tit-for-tat trade war that saw both countries raise import tariffs above 100%, threatening to inject inflation into the global economy. As such, the positive March U.S. consumer price inflation data released last month was largely dismissed by investors and analysts as a lagging metric that didn't accurately reflect the escalating trade tensions. The bears, however, cannot make that argument anymore, thanks to the trade deal. So, a continued softening of CPI could raise Fed rate cut bets, providing a bullish catalyst for a BTC rally to record highs above $110,000. On the other hand, a hotter-than-expected CPI could be dismissed as backwards-looking, reflecting the April tariffs and not accounting for the de-escalation in trade tensions. The CPI due Tuesday is expected to show the cost of living eased to 2.3% year-on-year in April from March's 2.4%, according to RBC. The core CPI, which excludes food and energy, is expected to have stayed at 2.8% year-over-year in April, with continued moderation in rent inflation. According to 10x Research, consensus is that the headline CPI likely held unchanged at 2.4% in April. "If this expectation holds, the market may view the inflation report as positive. Barring any negative tariffs headline, this week's week's inflation data could provide a bullish catalyst," Markus Thielen, founder of 10x Research, told CoinDesk. "CPI could be bullish, and may bring new all-time highs," Thielen added. Bitcoin, the leading cryptocurrency by market value, changed hands at around $105,500, just 3.6% short of hitting new highs above $109,350, CoinDesk data show. BTC has had a near V-shaped recovery from $75,000 since early April, with prices surging 10% last week due to continued inflows into the spot exchange-traded funds (ETFs). BlackRock's spot bitcoin ETF (IBIT) has registered net inflows for 20 straight trading days, amassing over $5 billion in investor money, according to SoSoValue data. Last week, the Federal Reserve kept the benchmark borrowing cost unchanged in the range of 4.25% to 4.5%, while reiterating the data-dependent stance on potential rate cuts. Chairman Jerome Powell, however, offered dovish hints, saying "the underlying inflation picture is good," while calling the inflationary impact of tariffs short-lived. Ether, the second-largest cryptocurrency by market value, rose 39% to $2,500 last week, the best performance since December 2020, according to TradingView. Other major altcoins such as XRP, DOGE, ADA and SOL surged 9.7%, 56%, 19% and 20%, respectively. According to HTX Research, there are no signs of speculative frenzy yet, meaning the rally could continue. "Implied volatility (IV) in bitcoin options remains stable in the 50%–55% range, far below the extreme levels of 80%+ typically seen at the peak of past bull markets. CME Bitcoin futures open interest currently stands at $14.8 billion, well below the $20 billion peak observed during the 2020 Trump election period, indicating that leverage is still manageable," HTX Research said. "As long as yields do not climb back above 4.8% and ETF inflows remain steady, Bitcoin is likely to consolidate in the $105,000–$115,000 range while awaiting the next breakout trigger," HTX added. UPDATE (May 12, 07:30 UTC): Adds details on U.S-China trade deals, updates prices. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Int'l Business Times
23-04-2025
- Business
- Int'l Business Times
Bitcoin Skyrockets To $93K, Targets $100K Amid Expected Trump Trade War Cool-Off
Bitcoin Bitcoin is the world's most valuable cryptocurrency. André François McKenzie/Unsplash Ethereum saw the largest gains in the day among all major cryptocurrencies Other altcoins, including $XRP and $ADA, were also in the green Some experts believe $100,000 is possible amid positive signals in the Trump trade war Bitcoin, the world's largest cryptocurrency by market cap, surged to $93,000 Tuesday amid bullish signals and expectations that U.S. President Donald Trump's global trade war will begin cooling off in the coming weeks. The crypto asset was trading at below $88,000 early Tuesday before it surged to the $93,000 highs later in the day, as per data from CoinGecko. The digital coin has since slightly pulled back to around $92,800 but remains in the green by over 5% in the day, triggering a wild uptick among other altcoins. Bitcoin's price surged from below $88,000 to the $93,000 highs late on April 22, 2025. CoinGecko $ETH Outperforms $BTC While Bitcoin's spike was undoubtedly the trigger factor for the overall crypto market's 4.5% surge in the last 24 hours, Ethereum outpaced Bitcoin in the day's gains. The world's second most valuable cryptocurrency saw a 13.7% spike in the day, and top meme coin Dogecoin (DOGE) skyrocketed 13.4%. All other major altcoins were in the green following Bitcoin's surge, including XRP (6.5%), BNB (2.6%), Solana (6.8%), Cardano (10.5%), and TRON (0.7%). Crypto prices late on April 22, 2025 CoinGecko What Experts are Saying About Bitcoin's Price – $100K Possible As soon as Bitcoin made significant strides throughout the day, crypto experts and analysts jumped into the conversation, making their projections on how the digital asset's price will go next. For analysts at crypto market research firm 10x Research, BTC at $100,000 is possible, with key resistance zones between $94,000 and $95,000. On the other hand, 10x Research analysts noted that while the bullish trend has resumed, it's still best to observe how President Trump deals with his trade war in the coming days. Tide Turns: Bitcoin $$$ Inflows Reignite Rally - $100,000 Possible👇1-10) As anticipated, Bitcoin has resumed its bullish trend. The next key resistance zone lies in the $94,000–$95,000 range, which aligns with our target for this move. However, whether this level can be… — 10x Research (@10x_Research) April 23, 2025 The team pointed out that "Trump appears to be backing down on two major fronts," wherein he may be softening his stance on China tariffs and toning down his push for Fed Chair Jerome Powell's resignation. For Pierre Rochard, the CEO of The Bitcoin Bond Company, the coin's current movement indicates its price discovery dynamics are still "skewed to the upside, underscoring a favorable risk-reward profile." Crypto's Reactions to Trump Trade War In recent weeks, it's become clear that crypto is reacting to Trump's trade war. At one point, Bitcoin plunged to $75,000, dragging most altcoins down with it in the process. The nosedive came after Trump announced new tariffs on Chinese goods. Over the weekend, BTC prices jumped to $87,000 amid anticipation that some countries may finally seal a trade deal with the U.S. With hopes running high for trade deals to be announced in the coming days and with Powell potentially safe from Trump's grasp for now, Bitcoin's uptrend is expected to continue, unless devastating news hits the markets again. © Copyright IBTimes 2024. All rights reserved.
