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Cardano has pulled back from its post-Trump crypto reserve announcement highs, but its spectacular Sunday rally is a major warning shot for the bears.
Rising debt and economic uncertainty are fueling discussions on wealth protection in relation to alternative stores of value beyond traditional assets. As concerns grow over the stability of fiat currencies, Ray Dalio points to Bitcoin’s fixed supply and decentralized nature as potential safeguards against financial instability and shifting monetary policies.
Pi Coin struggles near $1.60 but signals a possible reversal. A break above $2.00 could spark a recovery, while failure may lead to further losses.
Bitcoin’s role as a hedge asset weakens as market trends shift, driving a $1 trillion crypto downturn and increasing stock-like behavior.
- 15:59Traders price in more than 50 per cent chance of Fed rate cut in MayTraders are pricing in a more than 50 per cent chance that the Federal Reserve will cut interest rates in May.
- 15:58U.S. stocks continued to dive, with the Nasdaq extending its losses to 2 per centGold Finance reports that US stocks continued to dive, with the Nasdaq extending its losses to 2 per cent. The S&P 500 Index extended its decline to 2 per cent.
- 15:58Trade war shakes Bundesbank's hawkish view of Fed, rate cuts during the year no longer out of the questionDeutsche Bank's economics team has one of the most hawkish views on Wall Street regarding Fed policy in 2025, predicting that the Fed will not cut rates this year. While this remains the team's official stance, Matthew Luzzetti, chief U.S. economist, acknowledged that the impact of Trump's new tariffs could jeopardise this forecast. ‘You've certainly started to see some of the negative impact of trade uncertainty in the economic data,’ Luzzetti said, ’and if that impact widens and is reflected in weak labour market data, the Fed could cut rates this year.’ However, Luzzetti said Deutsche Bank wants to see how long the tariffs will remain in place before changing its forecast for the Fed.