Trump Promises U.S. Leadership in Bitcoin as BTC Rebounds from Four-Month Downtrend

Trump Promises U.S. Leadership in Bitcoin as BTC Rebounds from Four-Month Downtrend

Thursday, March 20, 2025 / No Comments

 

Bitcoin breaks four-month downtrend 

Bitcoin breaks four-month downtrend amid bullish momentum and renewed political support. surged past key resistance levels on March 20 as bullish sentiment strengthened following remarks from former U.S. President Donald Trump. Addressing the Blockworks Digital Asset Summit 2025, Trump reaffirmed his commitment to positioning the U.S. as a global leader in cryptocurrency.

Bitcoin Recovers as Trump Reaffirms Pro-Crypto Stance

BTC/USD climbed above $86,000, supported by macroeconomic developments and speculation surrounding upcoming regulatory shifts. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin reclaimed its 200-day simple moving average (SMA), a crucial indicator during bull markets.

Trump’s speech further bolstered optimism, with the former president pledging not to sell confiscated U.S. Bitcoin holdings and promising to dismantle restrictive policies such as Operation Chokepoint 2.0. However, no details were provided on potential government Bitcoin purchases.

"Together, we will make America the undisputed Bitcoin superpower and the crypto capital of the world," Trump stated during his virtual address.

Technical Breakout Signals Strength

Market analysts highlighted a significant technical shift, with Bitcoin breaking a long-term downtrend on its relative strength index (RSI) for the first time since November 2024. Popular trader and analyst Rekt Capital emphasized the importance of Bitcoin closing above the 200-day exponential moving average (EMA), describing it as a key indicator of investor sentiment.

"Bitcoin has most recently daily closed above the 200 EMA and is now in the process of retesting it as new support," Rekt Capital noted on X.

Macroeconomic Uncertainty Remains

Despite the rally, trading firm QCP Capital cautioned that broader economic risks could still weigh on Bitcoin’s performance. The Federal Reserve’s latest economic projections revealed a downgrade in growth estimates to 1.7% while raising the inflation forecast to 2.8%, raising concerns about stagflation.

“The Fed’s latest dot plot also showed a more hawkish stance, with four officials now expecting no rate cuts in 2025,” QCP Capital stated in a note to clients.

According to data from CME Group’s FedWatch Tool, market participants remain uncertain about the timing of potential rate cuts, with expectations now pushed to June.

As Bitcoin’s price action continues to evolve, investors are watching whether momentum will sustain or if economic uncertainties will dampen enthusiasm.

Forex News:Dollar Rebounds as Fed Signals Caution; Pound Weakens Ahead of BOE Decision and More

Forex News:Dollar Rebounds as Fed Signals Caution; Pound Weakens Ahead of BOE Decision and More

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Dollar Rises as Sterling Slips Ahead of BOE DecisionThe U.S. dollar edged higher on Thursday, rebounding from five-month lows following the Federal Reserve’s latest policy announcement. Meanwhile, the British pound weakened ahead of the Bank of England’s (BOE) rate decision.

At 5:35 AM ET (09:35 GMT), the U.S. Dollar Index climbed 0.5% to 103.560, recovering from its lowest levels in months.

Dollar Strengthens Post-Fed Meeting

The Federal Reserve kept interest rates steady at 4.25%-4.50%, as widely anticipated. However, policymakers signaled that two quarter-point rate cuts could be expected later this year.

Analysts at ING noted that the Fed’s outlook remained more hawkish than market expectations, as traders were pricing in 65 basis points of easing in 2025, with the first cut anticipated in July.

Fed Chair Jerome Powell acknowledged ongoing inflation concerns and uncertainty regarding the labor market. The central bank is also navigating potential economic risks tied to President Donald Trump’s proposed tariffs on U.S. trading partners.

Investors are keeping an eye on upcoming U.S. economic data, including weekly jobless claims and the Philadelphia Fed manufacturing index, which could influence the dollar’s trajectory.

Pound Drops Ahead of BOE Meeting

The GBP/USD pair dipped 0.2% to 1.2956 as the U.K. job market showed stability ahead of the BOE’s latest policy announcement.

The U.K.’s unemployment rate held steady at 4.4% in January, while pay growth, excluding bonuses, remained at 5.9%. The number of job vacancies rose for the first time since mid-2022, signaling a stabilizing labor market.

With inflation creeping higher last month, the BOE is expected to hold interest rates steady, giving policymakers more time to assess economic conditions.

Euro Declines on Trade War Fears

The EUR/USD pair fell 0.4% to 1.0854 after European Central Bank (ECB) President Christine Lagarde warned that a full-scale U.S.-EU trade war could significantly impact the eurozone economy and fuel inflation.

The U.S. has already imposed tariffs on steel and aluminum, prompting the EU to announce retaliatory measures set to take effect in April.

Swiss Franc and Chinese Yuan Weaken

The USD/CHF pair climbed 0.4% to 0.8822 after the Swiss National Bank cut interest rates by 25 basis points to 0.25%, marking its fifth consecutive rate cut since early 2024.

Meanwhile, the Chinese yuan slipped, with USD/CNY rising 0.2% to 7.2453, as the People’s Bank of China left its benchmark loan prime rate unchanged at record lows.

Top Stock Movers Now: Signet Jewelers,Tesla , Boeing, and More

Top Stock Movers Now: Signet Jewelers,Tesla , Boeing, and More

Wednesday, March 19, 2025 / No Comments

 

Boeing (BA) shares climbed after CFO Brian West provided an upbeat outlook, saying the company’s cash burn is slowing and business remains strong.

Tesla (TSLA) gained ground as the electric vehicle maker secured approval from California regulators to operate a self-driving taxi service.

Signet Jewelers (SIG) surged after the parent company of Zales, Jared, and Kay Jewelers reported stronger-than-expected post-holiday sales and announced plans to reduce its mall footprint.

Gilead Sciences (GILD) fell on reports that federal funding for domestic HIV prevention could be cut, potentially affecting sales of its HIV and AIDS treatments.

HealthEquity (HQY) declined as the health savings account provider posted weaker-than-expected earnings and warned of challenges from rising cyber threats.

General Mills (GIS) shares dropped after the food giant missed sales estimates and lowered its guidance due to inventory pressures and softer demand.

In commodities, oil prices rose, while gold remained little changed. The 10-year Treasury yield climbed, and the U.S. dollar strengthened against the euro, pound, and yen. Most major cryptocurrencies traded higher.

Bitcoin’s Dip is a Normal Correction, Cycle Peak Still Ahead, Say Analysts

Bitcoin’s Dip is a Normal Correction, Cycle Peak Still Ahead, Say Analysts

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Bitcoin’s recent price drop is nothing out of the ordinary, with analysts calling it a routine market correction rather than the end of the bull cycle. Crypto experts point to macroeconomic factors, including uncertainty around U.S. tariffs and interest rates, as reasons for the slowdown. However, they maintain that Bitcoin’s long-term trajectory remains bullish.

Bitcoin's Price Action:

Bitcoin has dropped 24% from its all-time high of $109,000 on Jan. 20, currently trading at $82,824. Analysts note that similar corrections have occurred in previous market cycles, suggesting this pullback is a natural phase in Bitcoin’s long-term trajectory. 

The market needed to cool off after an overheated rally, says Ben Simpson, CEO of Collective Shift. Nick Forster, founder of Derive, adds that Bitcoin is still in a healthy long-term uptrend: “Historically, Bitcoin sees these corrections before hitting new highs.” While some experts warn of potential short-term volatility, others believe factors like U.S. rate cuts and easing liquidity could drive Bitcoin to new peaks later this year.

Bank of America Analysts Expect AUD to Strengthen Against NZD

Bank of America Analysts Expect AUD to Strengthen Against NZD

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Bank of America (BofA) analysts predict that the Australian dollar (AUD) may strengthen against the New Zealand dollar (NZD) in the medium to long term due to differences in monetary policy between the two countries.

According to BofA, the Reserve Bank of New Zealand (RBNZ) is expected to cut interest rates by 125 basis points over the remainder of the year, exceeding the 68 basis points currently priced in by markets. In contrast, the Reserve Bank of Australia (RBA) is anticipated to lower rates by just 50 basis points, slightly less than the 63 basis points expected by investors. This divergence could create a more favorable environment for AUD/NZD appreciation.

In the short term, technical indicators such as the 14-day Relative Strength Index (RSI) suggest that AUD/NZD is oversold. However, BofA remains cautious, citing past instances—such as in late 2022—where oversold conditions did not lead to a sustained rebound. During that period, AUD/NZD fell from 1.1075 to 1.0515 despite similar signals.

Additionally, BofA's Liquid Cross Border Flows (LCBF) indicators show that hedge funds currently hold short positions on NZD. If these positions are unwound, AUD/NZD could face downward pressure. Nonetheless, BofA identifies the 200-week moving average, around 1.0850, as a key support level where potential gains could emerge.

83% of Institutions Plan to Increase Crypto Allocations in 2025, Coinbase Report Reveals

83% of Institutions Plan to Increase Crypto Allocations in 2025, Coinbase Report Reveals

Tuesday, March 18, 2025 / No Comments

 

Institutional investors are betting big on crypto, with 83% planning to increase allocations in 2025, according to a new report from Coinbase and EY-Parthenon.

The study, which surveyed over 350 institutional investors, found that nearly three-quarters of firms already hold cryptocurrencies beyond Bitcoin (BTC $82,525) and Ether (ETH $4,238), with XRP (XRP $2.28) and Solana (SOL $125.28) emerging as top choices.

Growing Interest in Altcoins and ETFs

Altcoin holdings could see an even greater boost if U.S. regulators approve long-awaited altcoin ETFs this year. Bloomberg Intelligence analysts predict Litecoin (LTC $89.75), Solana (SOL), and XRP (XRP) are likely to receive early approvals.

The institutional push for crypto investment follows the Chicago Mercantile Exchange’s (CME) launch of Solana futures on March 17, a major step toward mainstream adoption of altcoins.

Stablecoins and DeFi on the Rise

Meanwhile, stablecoins continue to gain traction among institutions, with 84% of respondents either holding or exploring stablecoin investments.

Surveyed firms cited stablecoins' role in foreign exchange (69%), internal cash management (68%), and external payments (63%) as key drivers of adoption.

Decentralized finance (DeFi) is also expected to see a major boom, with institutional use projected to jump from 24% today to nearly 75% in two years. Key DeFi interests include derivatives, staking, lending, and yield farming.

Crypto Market Outlook

With institutional investors increasingly viewing crypto as a top opportunity for risk-adjusted returns, the sector is poised for significant growth.

Stay tuned as regulatory decisions and market trends shape the next phase of institutional crypto adoption.

Top Stock Movers Now: Nvidia, Royal Caribbean, Mosaic, and More

Top Stock Movers Now: Nvidia, Royal Caribbean, Mosaic, and More

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U.S. markets slid midday as concerns over tech stocks, the Federal Reserve meeting, and renewed geopolitical tensions in the Middle East rattled investors. The Nasdaq dropped nearly 2%, while the S&P 500 and Dow Jones Industrial Average also fell.

Tesla (TSLA) shares declined after RBC analysts cut their price target, citing weak electric vehicle (EV) deliveries in China and Europe. Adding to the pressure, Chinese automaker BYD unveiled an ultra-fast charger, increasing competition in the EV space.

Travel stocks also suffered, with Royal Caribbean (RCL), United Airlines (UAL), and other airline and cruise operators tumbling on fears that escalating Middle East tensions and economic uncertainty could hurt demand.

Nvidia (NVDA) shares slipped ahead of CEO Jensen Huang’s highly anticipated remarks at the company’s artificial intelligence (AI) conference.

Meanwhile, fertilizer producer Mosaic (MOS) saw its stock rise, as the company pointed to favorable macroeconomic trends supporting its business.

Coal miner Peabody Energy (BTU) advanced after former President Donald Trump endorsed "clean coal," boosting investor confidence in the industry.

In the EV sector, Lucid Group (LCID) shares surged following an upgrade from Morgan Stanley, which highlighted the company’s AI-driven strategy as a potential game-changer.

Elsewhere, oil prices and Treasury yields remained steady, while gold hit a record high. The U.S. dollar strengthened against the yen and held firm against the euro and pound. Most major cryptocurrencies traded lower.