Investing

Crypto Market Recap: Bitcoin Stages a Comeback as Tariff Negotiations Continue

April 11, 2025 Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (April 9) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$82,060.13 and up 7.2 percent in 24 hours. The day’s range has seen a low of US$76,842.48 and a high of US$82,665.31.

Bitcoin performance, April 9, 2025.

Chart via TradingView.

Bitcoin is back to trading near levels seen earlier in the week following an announcement from the White House that tariffs against most countries will be paused for 90 days, after which reciprocal tariffs will be lowered to 10 percent. China is an exception — tariffs against the country have been boosted immediately to 125 percent.

Ethereum (ETH) is priced at US$1,633.44, an 11.9 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,459.15 and a high of US$1,661.40.

Altcoin price update

Solana (SOL) is currently valued at US$118.54, up 14.3 percent over the past 24 hours. SOL experienced a low of US$104.09 and a high of US$119.68 on Wednesday.

XRP is trading at US$2.03, reflecting an 11.8 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.79 and a high of US$2.06.

Sui (SUI) is priced at US$2.24, showing an increaseof 13.9 percent over the past 24 hours. It achieved a daily low of US$1.09 and a high of US$2.26.

Cardano (ADA) is trading at US$0.6308, reflecting a 12.8 percent increase over the past 24 hours. Its lowest price on Wednesday was US$0.5597, with a high of US$0.64.

Crypto news to know

Trump’s tariff shock wipes US$2 billion from US Bitcoin stash

The US government’s Bitcoin holdings have dropped by nearly US$2 billion in value since April 2 — dubbed “Liberation Day” by President Donald Trump — following a steep market selloff triggered by tariff announcements.

According to Arkham Intelligence, the 198,012 BTC held by federal agencies declined in value from US$17.24 billion to US$15.21 billion in just under a week as Bitcoin slid from over US$87,000 to below US$77,000.

An executive order made by Trump in March established a strategic Bitcoin reserve sourced from seized assets, further tying federal coffers to price swings in the cryptocurrency. The losses come as the administration ramps up global economic pressure, testing the volatility of its newly created digital reserve.

Digital asset regulations under scrutiny at congressional hearing

The Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence (AI) held a hearing on Wednesday to examine why current regulations may not apply to digital asset activities, and to explore which of these activities trigger US securities laws. Members of the subcommittee also discussed how Congress can address challenges through legislative action that reduces legal uncertainty while encouraging innovation.

At the hearing, Rodrigo Seira, special counsel to law firm Cooley, told the subcommittee that current securities laws are not flexible enough to account for digital assets, citing a long list of crypto projects that have tried and failed to register their products with the US Securities and Exchange Commission (SEC).

“It is clear that the current securities regulatory framework is not a viable option to regulate crypto. It fails to achieve its stated policy goals,” Seira said in his opening remarks.

“(T)he idea that crypto projects can come in and register with the SEC is demonstrably false.”

Seira admitted that it is critical to apply federal regulations to crypto promoters; however, “virtually no crypto projects have successfully registered their tokens under federal securities laws and lived to tell the tale.”

Representative Bryan Steil, head of the subcommittee, praised the progress that lawmakers have made, mentioning last week’s passing of the STABLE Act in the House of Representatives, before directing the subcommittee to the next stage of the process, namely comprehensive digital asset market structure legislation.

Pakistan taps Bitcoin mining and AI to solve power woes

Pakistan is turning to Bitcoin mining and AI data centers as a solution for its surplus electricity problem, aiming to repurpose excess power into revenue-generating infrastructure.

Bilal Bin Saqib, head of the country’s Crypto Council, told Reuters that mining sites will be selected based on regional energy overcapacity, with former Binance CEO Changpeng Zhao advising on the initiative.

Despite regulatory ambiguity, Pakistan ranks among the top 10 countries in global crypto adoption and boasts over 15 million users. The move also emphasizes youth blockchain upskilling and fostering innovation in fintech through regulatory sandboxes to boost exports and economic resilience.

Kraken, Mastercard bring crypto spending to 150 million merchants

Crypto exchange Kraken is teaming up with Mastercard (NYSE:MA) to roll out crypto debit cards across the UK and Europe, enabling users to spend digital assets at more than 150 million merchants.

The partnership builds on Kraken Pay, which allows seamless crypto-to-fiat transactions in over 300 currencies.

The new physical and digital cards — set to launch in the coming weeks — are aimed at expanding crypto’s real-world utility and normalizing digital asset payments.

Kraken CEO David Ripley views this as a critical step toward integrating crypto into everyday commerce, while Mastercard has underscored its commitment to innovating in digital finance and supporting blockchain initiatives.

Binance to delist 14 tokens

Binance announced on Tuesday (April 8) its decision to delist 14 tokens — BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT and VIDT — from its platform on April 16.

The decision follows a comprehensive evaluation that included a review of project commitment and trading volume. The outcome also incorporated the results of Binance’s newly introduced ‘Vote to Delist’ mechanism, which allows users to vote on potentially underperforming tokens based on their BNB holdings.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Investing

Canadian Election Candidates Unveil Plans to Fast Track Mining and Energy Projects

April 11, 2025 Investing 5 Mins Read

With Canada’s energy and critical minerals sectors at a crossroads, Conservative Party leader Pierre Poilievre has unveiled a sweeping plan to overhaul the country’s resource project approvals process, fast tracking 10 major projects and pledging over US$1 billion in funding to open up Ontario’s mineral-rich Ring of Fire region.

At a Monday (April 7) press conference held in Terrace, BC, Poilievre introduced his “One-and-Done” policy — a streamlined permitting system aimed at eliminating regulatory bottlenecks and cutting multi-year wait times, which he blames for stalling development and weakening Canada’s global economic position.

Under the proposal, a new Rapid Resource Project Office would act as a centralized hub to manage all regulatory approvals across the federal and provincial levels. Each project would be subject to a single application and environmental review, with decisions promised within a year and a target of six months.

“After the Lost Liberal decade, Canada is poorer, weaker, and more dependent on the US than ever before, especially as a market for our natural resources,” Poilievre said in a release. “My ‘One-and-Done’ rule will quickly and safely unleash Canada’s natural resources by rapidly approving the projects Canadians need more of now: mines, roads, LNG terminals, hydro projects, and nuclear power stations, so we can stand on our own two feet and stand up to the Americans.’

LNG Canada, Ring of Fire projects top Conservative agenda

Among the most significant commitments is the LNG Canada Phase II expansion in Northern BC, which would double liquefied natural gas output from 14 million to 28 million metric tons annually.

The expansion has faced numerous delays due to emissions caps and concerns over power supply.

A Conservative government, Poilievre said, would repeal federal legislation he calls obstructive — notably Bill C-69, which he brands the “No Pipelines – No Development Law” — and lift the emissions cap that could impede Phase II.

Also at the top of Poilievre’s list is development of the Ring of Fire — a vast area in Northern Ontario rich in chromite, nickel, cobalt and other critical minerals essential for electric vehicles and defense technologies.

Three weeks ago, Poilievre pledged that a Conservative government would approve all federal permits for Ring of Fire projects within six months and commit C$1 billion over three years to build a long-awaited access road connecting mineral deposits and Indigenous communities to the provincial highway network.

“We could boost our economy with billions of dollars, allowing us to become less dependent on the Americans, while our allies overseas would no longer have to rely on Beijing for these metals, turning dollars for dictators into paychecks for our people,” Poilievre said at the time, emphasizing the importance of supply chain security.

He also said companies operating in the Ring of Fire would be allowed to redirect a portion of their federal corporate taxes directly to local Indigenous groups, a move he argues would foster economic reconciliation and local buy in.

Nine other projects slated for acceleration

In addition to LNG Canada Phase II and the Ring of Fire road, Poilievre named nine other projects that his government would prioritize for review and approval:

Northern Road Link (Ontario): A key multi-use road to connect Ring of Fire deposits, under review since 2023.
Sorel-Tracy port terminal (Québec): A new terminal in the St. Lawrence industrial corridor.

Each of these projects has faced lengthy delays under the current review framework, Poilievre said, and would be reviewed immediately to identify and remove administrative barriers.

Carney outlines ‘One Project, One Review’ agenda

At a campaign stop in Calgary, Alberta, Prime Minister and Liberal Party leader Mark Carney introduced the ‘One Project, One Review’ policy, which is intended to expedite approvals for major mining projects in Canada.

The initiative aims to eliminate redundant federal and provincial environmental assessments by recognizing provincial evaluations, thereby streamlining the permitting process. The policy is designed to accelerate the development of critical minerals, such as lithium, cobalt and nickel, which are essential for clean energy technologies.

By reducing regulatory delays, the government would seek to enhance Canada’s competitiveness in the global mining sector and support its transition to a sustainable energy future.

Carney told the crowd his goal is to make Canada an ‘energy superpower.’

“We are going to aggressively develop projects that are in the national interest in order to protect Canada’s energy security, diversify our trade, and enhance our long-term competitiveness — all while reducing emissions,” Carney explained in a written statement on Wednesday (April 9). “We can lead the energy transition while ensuring affordable energy at home and building the strongest economy in the G-7.”

He pledged to expand Canada’s critical mineral exploration tax credit to cover minerals used in defense, semiconductors, energy and cleantech. Carney also plans to broaden eligible exploration expenses to include technical studies and extend the clean manufacturing tax credit to support brownfield site development.

‘This is huge,” Pierre Gratton, CEO of the Mining Association of Canada, told Bloomberg. “It includes an awful lot of stuff that we’ve been advocating for for a while, and not getting.”

He added, “This could really help increase Canadian production of critical minerals in the short- to medium-term.”

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Economy

Stock Market News UK Update: FTSE 100 & 250 Rise

April 11, 2025 Economy 5 Mins Read

Stock Market News: UK Forecast and Technical Analysis

Today, the UK stock market saw the FTSE 250 increase by 195 points (0.9%) to 21,628, nearly matching the 1.2% increase in the FTSE 100, driven largely by gains in mining stocks. This positive momentum is creating a bullish sentiment in the market.

The two London indices are leading the European market this morning. The DAX is up 0.7% in Germany, followed by the FTSE MIB in Italy, the CAC 40 in France, and the IBEX 35 in Spain, all of which are up 0.4%, reinforcing the optimistic outlook across Europe.

The gain for the Euro Stoxx 600 is just under 1%. Risers include Just Eat Takeaway, rising 17%; TeamViewer, the software company and owner of Kenco, JD Peet.

Among the higher risers, Wickes Group PLC, one of the UK’s listed companies, has seen a 3.3% increase in revenue despite facing difficulties retaining customers for its custom kitchen, home office installation, and bathroom services.

In the first half, this segment’s revenues were destroyed by 17%, offsetting the 1% growth in revenue in its core retail offering.

GSK Shares Decline

GSK PLC, the drugmaker listed on the FTSE 100, raised its annual earnings and sales forecasts due to strong second-quarter performance from HIV and cancer treatments, but the stock is currently down 2.5%.

Core EPS profits are now expected to increase by 10-12% in 2024, up from the previous guidance of 8-10%. Meanwhile, the overall profits are expected to increase by 7-9%, compared to the earlier estimate of 5-7%.

Nonetheless, there were some omissions in the data: vaccination profit fell 9% short of expectations as shingles treatment Shingrix was a 20% disappointment as US sales plummeted 36%.

This is due to decreased demand and inventory reductions. However, it is important to note that international sales make up about 64% of total revenue.

General medicine, oncology, and HIV all performed better than anticipated.

GSK/GBX 5-Day Chart

Growth Expectation For FTSE 250

In the last five years, Greggs’ shares have increased by 40%, outpacing the FTSE 250 London stock. The company’s first-half (H1) results have given them an additional 5% boost.

The most recent data shows a 16% increase in profit before taxes and a 14% increase in sales.

However, despite these gains, projections indicate a minor decline in Greggs’ EPS for the full year 2024. However, the company’s first-half revenue increased by only 15%.

It is a basic diluted estimate that does not account for anomalies. However, it raises the possibility that projections are simply exaggerating the situation.

Thanks to these expenditures and a well-defined expansion plan, Greggs has produced substantial returns for its owners.

For the 2023 fiscal year, Greggs reported record yearly sales of £1.8 billion and a profit before taxes of £188.3 million.

The company also disclosed a significant capital investment program aimed at enhancing its manufacturing capacity and expanding its capacity to accommodate approximately 3,500 stores throughout the United Kingdom.

UK Stock Market Today: FTSE Stock Surge

Among the top risers in the FTSE, Antofagasta PLC and Rio Tinto have shown significant gains. Antofagasta PLC saw notable gains despite no specific news being released. Rio Tinto’s positive results, which included a 1.8% increase in first-half profit, contributed to a 1% rise in its shares and may have influenced the broader market.

More significantly, there are rumours that the Anglo-Australian miner Antofagasta is eyeing a major opportunity in the copper industry, further boosting investor confidence.

The Footsie has continued to rise, hitting a two-month peak of nearly 8,374 following a 1.2% increase. This is the highest value for the London standard since May 22nd, topping 8,368.

HSBC Makes a £3 Billion Buyback

Following a largely flat first half of the year, HSBC Holdings PLC announced an additional interim dividend and a £3 billion share buyback.

For the first half of 2024, the £0.10 per share dividend will equate to 20 cents, unchanged from the previous year. The share buyback is anticipated to be finished in three months.

The bank, with a focus on Asia, reported a first-half pre-tax profit of $21.6 billion, which was marginally lower than the same period last year, even though revenue increased 1% to $37.3 billion and certain “strategic transactions” had a net positive revenue impact of $0.2 billion.

The second quarter’s $16.5 billion in revenues exceeded analysts’ expectations, and the quarter’s $8.9 billion profit before taxes was significantly more than the $7.8 billion they had predicted.

Despite being lower than the 1.53% consensus estimate, the net interest margin improved from 1.7% to 1.62% a year ago due to an increase in the finance cost of average profit liabilities. These developments are significant for the stock market news UK, as they may influence investor sentiment and market trends.

FTSE 250 Share Price

Value: 21,572.34
Net Variation: 139.83
High/Low: 21,649.47 / 21,430.07
Previously closed price: 21,432.51
52WK range: 16,783.09 – 21,432.51
Launch date: October 12th 1992
Constituents number: 250
Net MCap: 324,478
Dividend Yield: 3.35%
Average: 1,298
Largest: 4,059
Smallest: 81
Median: 1,085

FTSE 100 Share Price

Value: 8,390.33
Previous Close: 8,292.35
Open Price: 8,292.35
Day low: 8,235.55
Day High: 8,297.92
52-week low: 7,215.76
52-week high: 8,474.41

In summary, today’s gains on the stock market news UK are remarkable, as the FTSE 100 and FTSE 250 indices both saw an increase. Mining stocks, especially in the FTSE 100, have primarily driven these gains. Major indices have also increased throughout Europe, indicating an optimistic trend in the market.

While GSK continues to face difficulties even after increasing its earnings projections, Greggs has shown remarkable growth in both its stock price as well as profitability. Despite a little fluctuation in its profit margins, HSBC’s announcement of a significant share buyback and dividend demonstrates the strength of its financial position.

The post Stock Market News UK Update: FTSE 100 & 250 Rise appeared first on FinanceBrokerage.

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Economy

Stock Market News UK Update: FTSE 100 & 250 Rise

April 11, 2025 Economy 5 Mins Read

Stock Market News: UK Forecast and Technical Analysis

Today, the UK stock market saw the FTSE 250 increase by 195 points (0.9%) to 21,628, nearly matching the 1.2% increase in the FTSE 100, driven largely by gains in mining stocks. This positive momentum is creating a bullish sentiment in the market.

The two London indices are leading the European market this morning. The DAX is up 0.7% in Germany, followed by the FTSE MIB in Italy, the CAC 40 in France, and the IBEX 35 in Spain, all of which are up 0.4%, reinforcing the optimistic outlook across Europe.

The gain for the Euro Stoxx 600 is just under 1%. Risers include Just Eat Takeaway, rising 17%; TeamViewer, the software company and owner of Kenco, JD Peet.

Among the higher risers, Wickes Group PLC, one of the UK’s listed companies, has seen a 3.3% increase in revenue despite facing difficulties retaining customers for its custom kitchen, home office installation, and bathroom services.

In the first half, this segment’s revenues were destroyed by 17%, offsetting the 1% growth in revenue in its core retail offering.

GSK Shares Decline

GSK PLC, the drugmaker listed on the FTSE 100, raised its annual earnings and sales forecasts due to strong second-quarter performance from HIV and cancer treatments, but the stock is currently down 2.5%.

Core EPS profits are now expected to increase by 10-12% in 2024, up from the previous guidance of 8-10%. Meanwhile, the overall profits are expected to increase by 7-9%, compared to the earlier estimate of 5-7%.

Nonetheless, there were some omissions in the data: vaccination profit fell 9% short of expectations as shingles treatment Shingrix was a 20% disappointment as US sales plummeted 36%.

This is due to decreased demand and inventory reductions. However, it is important to note that international sales make up about 64% of total revenue.

General medicine, oncology, and HIV all performed better than anticipated.

GSK/GBX 5-Day Chart

Growth Expectation For FTSE 250

In the last five years, Greggs’ shares have increased by 40%, outpacing the FTSE 250 London stock. The company’s first-half (H1) results have given them an additional 5% boost.

The most recent data shows a 16% increase in profit before taxes and a 14% increase in sales.

However, despite these gains, projections indicate a minor decline in Greggs’ EPS for the full year 2024. However, the company’s first-half revenue increased by only 15%.

It is a basic diluted estimate that does not account for anomalies. However, it raises the possibility that projections are simply exaggerating the situation.

Thanks to these expenditures and a well-defined expansion plan, Greggs has produced substantial returns for its owners.

For the 2023 fiscal year, Greggs reported record yearly sales of £1.8 billion and a profit before taxes of £188.3 million.

The company also disclosed a significant capital investment program aimed at enhancing its manufacturing capacity and expanding its capacity to accommodate approximately 3,500 stores throughout the United Kingdom.

UK Stock Market Today: FTSE Stock Surge

Among the top risers in the FTSE, Antofagasta PLC and Rio Tinto have shown significant gains. Antofagasta PLC saw notable gains despite no specific news being released. Rio Tinto’s positive results, which included a 1.8% increase in first-half profit, contributed to a 1% rise in its shares and may have influenced the broader market.

More significantly, there are rumours that the Anglo-Australian miner Antofagasta is eyeing a major opportunity in the copper industry, further boosting investor confidence.

The Footsie has continued to rise, hitting a two-month peak of nearly 8,374 following a 1.2% increase. This is the highest value for the London standard since May 22nd, topping 8,368.

HSBC Makes a £3 Billion Buyback

Following a largely flat first half of the year, HSBC Holdings PLC announced an additional interim dividend and a £3 billion share buyback.

For the first half of 2024, the £0.10 per share dividend will equate to 20 cents, unchanged from the previous year. The share buyback is anticipated to be finished in three months.

The bank, with a focus on Asia, reported a first-half pre-tax profit of $21.6 billion, which was marginally lower than the same period last year, even though revenue increased 1% to $37.3 billion and certain “strategic transactions” had a net positive revenue impact of $0.2 billion.

The second quarter’s $16.5 billion in revenues exceeded analysts’ expectations, and the quarter’s $8.9 billion profit before taxes was significantly more than the $7.8 billion they had predicted.

Despite being lower than the 1.53% consensus estimate, the net interest margin improved from 1.7% to 1.62% a year ago due to an increase in the finance cost of average profit liabilities. These developments are significant for the stock market news UK, as they may influence investor sentiment and market trends.

FTSE 250 Share Price

Value: 21,572.34
Net Variation: 139.83
High/Low: 21,649.47 / 21,430.07
Previously closed price: 21,432.51
52WK range: 16,783.09 – 21,432.51
Launch date: October 12th 1992
Constituents number: 250
Net MCap: 324,478
Dividend Yield: 3.35%
Average: 1,298
Largest: 4,059
Smallest: 81
Median: 1,085

FTSE 100 Share Price

Value: 8,390.33
Previous Close: 8,292.35
Open Price: 8,292.35
Day low: 8,235.55
Day High: 8,297.92
52-week low: 7,215.76
52-week high: 8,474.41

In summary, today’s gains on the stock market news UK are remarkable, as the FTSE 100 and FTSE 250 indices both saw an increase. Mining stocks, especially in the FTSE 100, have primarily driven these gains. Major indices have also increased throughout Europe, indicating an optimistic trend in the market.

While GSK continues to face difficulties even after increasing its earnings projections, Greggs has shown remarkable growth in both its stock price as well as profitability. Despite a little fluctuation in its profit margins, HSBC’s announcement of a significant share buyback and dividend demonstrates the strength of its financial position.

The post Stock Market News UK Update: FTSE 100 & 250 Rise appeared first on FinanceBrokerage.

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Economy

Q1 2025 Global PC Shipments Surge on Tariff Fears

April 11, 2025 Economy 2 Mins Read

Global PC shipments rose 9.4% in Q1 2025, totaling 62.7 million units. This spike was driven by fears of new U.S. tariffs. Companies rushed deliveries to avoid increased costs.

Why Global PC Shipments Jumped

Many manufacturers increased their shipments to the U.S. in early 2025. They feared higher import taxes due to potential tariffs. By acting early, they aimed to keep costs down and maintain profit margins.

Big players like Lenovo and HP saw strong results. Lenovo’s shipments to the U.S. jumped by 20%, while HP increased theirs by 13%. These early moves gave them an edge over competitors.

What This Means for the Market

Analysts say this growth may not last. Since many shipments were front-loaded in Q1, future quarters could see weaker performance. Customers might delay purchases due to higher prices and full inventory levels.

The rise in global PC shipments may lead to a short-term oversupply. That could force companies to offer discounts in Q2 and Q3.

How Companies Are Adapting

To reduce future risks, PC makers are changing where they build their products. Many are shifting production out of China to countries like Vietnam and Mexico. This move helps them avoid tariffs and manage costs better.

Conclusion

Q1 2025 saw a sharp increase in global PC shipments. While this boost came from tariff concerns, it also shows how fast companies can adapt. Moving forward, the focus will shift to long-term strategies like supply chain diversification.

Key takeaway: The PC shipments spike in early 2025 may be short-lived, but it highlights the importance of flexibility in today’s trade environment.

Source: Reuters

The post Q1 2025 Global PC Shipments Surge on Tariff Fears appeared first on FinanceBrokerage.

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Economy

Bitcoin Price Dip Below $80K Amid Trade Tariff Fears

April 11, 2025 Economy 4 Mins Read

As of April 9, 2025, Bitcoin (BTC) is trading at approximately $77,766, marking a significant drop from its January peak of over $109,000. This Bitcoin price dip highlights the heightened volatility in the cryptocurrency market, influenced by growing geopolitical tensions and recent tariff announcements.

Bitcoin Volatility: A Reflection of Global Uncertainty

Bitcoin price dip have always been a hallmark of its market behavior, but recent economic indicators have intensified these movements. The cryptocurrency fell sharply amid a global crypto selloff, with Ether also leading declines. Analysts attribute this to risk-off sentiment in broader financial markets as investors react to rising inflation, interest rates, and the ripple effects of U.S. trade policies.

Data from Yahoo Finance and MarketWatch show that Bitcoin touched an intraday low of $74,772 before recovering slightly. This steep drop comes just weeks after the coin hovered comfortably above the $100,000 mark, signaling increasing trader hesitation.

Tariff Announcements Add Fuel to the Fire

The reintroduction of aggressive U.S. trade tariffs has significantly impacted global markets. In particular, investors fear that escalating trade tensions with China and other nations may trigger another round of economic slowdown. These fears have not spared cryptocurrencies. Despite being considered a hedge against fiat inflation, Bitcoin is still viewed as a risky asset in volatile climates, prompting panic-selling among short-term holders.

Much like traditional equities, the crypto market responded sharply to news of fresh tariffs, with traders offloading high-volatility assets. Analysts suggest that institutional investors, who played a major role in Bitcoin’s surge to all-time highs, are now reassessing their exposure amid macroeconomic headwinds.

Broader Crypto Selloff Led by Ether and Altcoins

Ether (ETH), the second-largest cryptocurrency, saw a similar downward trend, falling more than 5% in the same trading window. Other major altcoins like Solana (SOL), XRP, and Cardano (ADA) also posted significant losses. This coordinated pullback across the crypto landscape underlines the interconnectedness of digital asset markets and investor sentiment.

The crypto fear and greed index, which gauges market emotion, has shifted sharply toward “fear,” reinforcing the cautious outlook across the sector.

Investor Sentiment and Portfolio Rebalancing

The current Bitcoin price dip has prompted both retail and institutional investors to rebalance their portfolios. Many are shifting towards less volatile assets like gold and U.S. treasury bonds, leading to short-term sell pressure in Bitcoin. With upcoming halving cycles and continued interest from global regulators, the long-term trajectory of Bitcoin remains uncertain but still promising for long-term believers.

Expert Opinions and What Comes Next

Market strategists from Barron’s and Bloomberg suggest that this dip may be temporary, especially if inflation and interest rates stabilize in the coming months. Some see the correction as a healthy reset, paving the way for sustainable future growth. Others warn that if geopolitical tensions worsen, Bitcoin could revisit sub-$70K levels.

Investors are encouraged to monitor developments in the global economic landscape, including central bank actions and trade negotiations, which will undoubtedly shape Bitcoin’s next moves.

Conclusion: A Temporary Setback or Trend Reversal?

Bitcoin’s price dip below $80,000 in April 2025 signals a broader market correction triggered by trade war fears and shifting economic policies. However, history shows that Bitcoin has often rebounded stronger after periods of doubt. Whether this is a short-term drop or a longer-term reset, one thing is certain: Bitcoin continues to mirror the complexities of the global financial landscape, and investors must stay informed and adaptable.

Key takeaway: As global tariffs return and inflation lingers, Bitcoin’s short-term volatility may persist. Long-term investors, however, still view dips as potential entry points into a decentralized future.

Source 1: Yahoo Finance

Source 2: Yahoo Finance

Source 3: MarketWatch

Source 4: Barron’s

The post Bitcoin Price Dip Below $80K Amid Trade Tariff Fears appeared first on FinanceBrokerage.

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Business

Buffett denies rumors after Trump shares wild claim that investor backs president crashing market

April 11, 2025 Business 3 Mins Read

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor.

Trump on Friday shared an outlandish social media video that defends his recent policy decisions by arguing he is deliberately taking down the market as a strategic play to force lower interest and mortgage rates.

“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” alleged the video, which Trump posted on his Truth Social account.

The video’s narrator then falsely states, “And this is why Warren Buffett just said, ‘Trump is making the best economic moves he’s seen in over 50 years.’”

The president shared a link to an X post from the account @AmericaPapaBear, a self-described “Trumper to the end.” The X post itself appears to be a repost of a weeks-old TikTok video from user @wnnsa11. The video has been shared more than 2,000 times on Truth Social and nearly 10,000 times on X.

Buffett, 94, didn’t single out any specific posts, but his conglomerate Berkshire Hathaway outright rejected all comments claimed to be made by him.

“There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said in a statement Friday.

CNBC’s Becky Quick spoke to Buffett Friday about this statement and he said he wanted to knock down misinformation in an age where false rumors can be blasted around instantaneously. Buffett told Quick that he won’t make any commentary related to the markets, the economy or tariffs between now and Berkshire’s annual meeting on May 3.

While Buffett hasn’t spoken about this week’s imposition of sweeping tariffs from the Trump administration, his view on such things has pretty much always been negative. Just in March, the Berkshire CEO and chairman called tariffs “an act of war, to some degree.”

“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffett said in the news interview with a laugh. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”

During Trump’s first term, Buffett opined at length in 2018 and 2019 about the trade conflicts that erupted, warning that the Republican’s aggressive moves could cause negative consequences globally.

“If we actually have a trade war, it will be bad for the whole world … everything intersects in the world,” Buffett said in a CNBC interview in 2019. “A world that adjusts to something very close to free trade … more people will live better than in a world with significant tariffs and shifting tariffs over time.”

Buffett has been in a defensive mode over the past year as he rapidly dumped stocks and raised a record amount of cash exceeding $300 billion. His conglomerate has a big U.S. focus and has large businesses in insurance, railroads, manufacturing, energy and retail.

This post appeared first on NBC NEWS

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Business

Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

April 11, 2025 Business 5 Mins Read

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.

As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.

Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.

“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.

Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.

“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”

Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.

As Wall Street reeled Friday after China hit back with tariffs against the U.S., millions of Americans with 401(k)s watched their retirement funds diminish along with the stock market.

“I looked at my 401(k) this morning and in the last two days that’s lost $58,000. That’s stressful,” said Victor Fettes, 54, of Georgia, who retired last week as a senior director of risk management and compliance at Verizon. “If that continues, I can’t stay retired.”

Trump has said the tariffs will force businesses to relocate manufacturing and production back to the U.S. and bring back jobs. Some investors and business groups have pushed back, saying they are likely to lead to higher prices for U.S. consumers.

“Our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” Trump said recently. “But it is not going to happen anymore.”

The president has acknowledged the potential pain coming to some Americans’ wallets, but he continues to staunchly defend his agenda.

“MY POLICIES WILL NEVER CHANGE,” he posted to social media Friday. Later, he wrote, “ONLY THE WEAK WILL FAIL.”

Trump’s tariffs are steeper and more widespread than any in modern American history. They are potentially even broader than the tariffs of 1930 that historians said worsened the Great Depression.

Some Americans thinking about retirement told NBC News they feel their economic stability is being played with.

“I don’t want to have to worry that everyone is constantly changing my financial reality,” said Alison Carey, 64, of Oregon, a freelancer in the theater industry. “Let the economy do its machinations, but don’t put me in the gears.”

Paula said she and other older Americans are living with “anxiety about something where you don’t really know what’s going to happen. You can’t do anything though.”

She and her husband have decided to pause and reduce spending on big-ticket items. They are reconsidering vacations and home renovations.

“We can’t change anything right now, except our spending,” she said. “I’m sure there are consumers across the board that want to be cautious, too. Then it becomes a vicious cycle. Consumer confidence goes down.”

One in five Americans age 50 and over have no retirement savings, and more than half, 61%, are worried they will not have enough money to support them in retirement, according to a survey published by the AARP last April.

“It makes you realize how out of touch the current administration is with regular people,” said Benajah Cobb, 63, Carey’s husband, who also works in the theater industry.

He said he hoped the last few days of stock market turmoil would motivate lawmakers to put more checks and balances on the president.

“It’s happening so quickly. Things are falling apart so quickly,” he said. “I’m hoping Congress will try to step up a bit, the Republicans in Congress.”

Fettes said he has been calling his representatives about the tariffs and other issues “to make sure that as a constituent, our voices are being heard.”

“We believe firmly in our family that a democracy is a participatory game, and so we want to make sure that our representatives understand where we’re at and what we would like for them to do to represent,” he said.

Paula said that as she and her husband continue to monitor their retirement accounts, their biggest fear is how Trump’s policies could impact the quality of the rest of their lives — and when their funds will run out.

“That’s my big worry, when is that shortfall going to happen now?” she said.

This post appeared first on NBC NEWS

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