bonds

Bitcoin price keeps falling under $60K — Here is why

August 30, 2024 Coin Telegraph

Bitcoin price keeps falling under K — Here is why

bonds

Many analysts say a drop in spot Bitcoin ETF demand is the primary reason for BTC’s price weakness, but there’s more to it than that.

Bitcoin (BTC) has struggled to maintain above $60,000 for an entire week, with the latest rejection occurring on Aug. 27. The subsequent 9.9% two-day correction, which saw Bitcoin fall to a low of $57,918 on Aug. 28, resulted in the forced liquidation of $143 million in leveraged BTC longs on derivatives exchanges. Traders are now questioning why Bitcoin keeps failing to break above $60,000.

Some analysts attribute the recent weakness to the disappointing spot Bitcoin exchange-traded fund (ETF) outflows. However, such data is typically reflexive, meaning traders often turn bearish after a news event alters their perception. More crucially, Bitcoin's most recent correction on Aug. 29 coincided with movements in the S&P 500 index.

Bitcoin/USD (left) vs S&P 500 futures (right). Source: TradingView

Ripple’s Chris Larsen Holding ,180,000,000 in XRP, Sent 9,000,000 Worth to Exchanges in January: ZachXBT

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

UBS Urges Caution Despite Positive US Economic Data

August 18, 2024 Bitcoin.com

bitcoin.com

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

August 17, 2024 Bitcoin.com

bitcoin.com

Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […]

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

US Treasury Begins $50,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand

August 10, 2024 The Daily Hodl

US Treasury Begins ,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand

bonds

The Treasury Department is beginning to buy tens of billions of dollars in US bonds in a push to bolster the market. In a series of announcements, the department details its $50 billion buyback operation, which started on August 7th and will last until October 31st. The agency is looking to buy both short and […]

The post US Treasury Begins $50,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand appeared first on The Daily Hodl.

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

June 24, 2024 Bitcoin.com

Bitcoin

The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […]

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

Argentina-Style Inflationary Period Underway As Money Flees to Gold, Bitcoin and Stocks: Investor Luke Gromen

June 23, 2024 The Daily Hodl

Bitcoin

Macro investor Luke Gromen says that in the coming years, Bitcoin (BTC) and risk assets will benefit from a souring sentiment in US long-term bonds. In a new video update, Gromen says that due to inflationary pressures, capital will likely rotate from the bond market into stocks, gold and Bitcoin. The investor says that because […]

The post Argentina-Style Inflationary Period Underway As Money Flees to Gold, Bitcoin and Stocks: Investor Luke Gromen appeared first on The Daily Hodl.

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

$63,000,000,000 in US Treasuries and European Bonds To Be Liquidated As Unrealized Losses Hammer Major Bank in Japan

June 22, 2024 The Daily Hodl

bank

A banking giant in Japan has announced a plan to liquidate $63 billion in US and European treasuries in an attempt to mitigate a massive amount of unrealized losses on its balance sheet. Japan’s Norinchukin Bank, which has $681.6 billion in total assets, plans to complete the sell-off of sovereign bonds by March of next […]

The post $63,000,000,000 in US Treasuries and European Bonds To Be Liquidated As Unrealized Losses Hammer Major Bank in Japan appeared first on The Daily Hodl.

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

China Dumps $101,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar

June 1, 2024 The Daily Hodl

China Dumps 1,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar

bonds

New numbers show China has sold $101.9 billion in US Treasury securities over the past 12 months. The Treasury Department says China cut its holdings from $869.3 billion in March of last year to $767.4 billion in March of this year. China’s holdings have steadily dropped from an all-time high of $1.31 trillion, which was […]

The post China Dumps $101,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar appeared first on The Daily Hodl.

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display

May 25, 2024 The Daily Hodl

China Sells ,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display

bonds

The world’s second-largest economy is steadily unloading billions of dollars in US Treasuries. New data from the US Treasury Department shows China pared its Treasury holdings from $816.3 billion in December of last year to $767.4 billion in March. That’s a quarterly decrease of $48.90 billion. The chief Asia foreign-exchange and rates strategist at Bloomberg Intelligence, […]

The post China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display appeared first on The Daily Hodl.

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

May 18, 2024 Bitcoin.com

China’s .3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

bitcoin.com

According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly […]

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