Skip to main content

Bitcoin Price Bounces, While Some Crypto Stocks Keep Falling


Bitcoin Bounces Back, but Sentiment Remains Shaky

Bitcoin prices climbed Friday, recovering from earlier losses triggered by President Donald Trump’s announcement of new “reciprocal” tariffs. After dipping below $81,500 on Thursday, the cryptocurrency rebounded to approach $84,000, signaling a slight return in investor confidence following midweek volatility.


Keypoints:

  • Bitcoin saw a modest rebound on Friday after earlier tariff-driven losses.

  • The midweek dip followed Trump’s surprise announcement of new reciprocal tariffs.

  • Crypto-linked stocks like Robinhood and Coinbase continued to decline.

  • Strategy (formerly MicroStrategy) was a standout, trading higher despite sector weakness.

  • Bitcoin is still trading well below its February highs above $100K, when investor sentiment was more bullish.



However, the rebound didn’t spread across the crypto sector. Robinhood Markets (HOOD) shares slid 11%, while Coinbase (COIN) dropped 7%. Bitcoin mining firm Mara Holdings (MARA) saw a minor 1% dip. Meanwhile, MicroStrategy—now known as Strategy (MSTR)—bucked the trend, gaining over 3% on the day.

Despite Friday’s bounce, Bitcoin is still far from its February highs above $100,000, when optimism around Trump’s policies fueled bullish sentiment. The overall crypto market cap now sits at about $2.6 trillion, down significantly from its late 2024 peak of over $3.7 trillion.

Comments

Post a Comment

Popular posts from this blog

Stocks to watch in 2025 — What to watch for

Stocks to watch in 2025 — What to watch for Stocks are entering 2025 with mixed momentum. After a strong rally following Donald Trump’s presidential win, U.S. markets slowed in December due to the Federal Reserve lowering its forecast for interest-rate cuts. The Dow Jones had its worst month in over two years, and the S&P 500 saw its biggest drop since April, while the Nasdaq barely managed a gain. Wall Street remains hopeful about stock performance in 2025, but concerns remain around interest rate movements and the broader economic impact of Trump’s policy direction. Here are a few key stocks and trends to watch upcoming January: Nvidia (NVDA) : CEO Jensen Huang will open CES on Jan. 6, discussing Blackwell chips and 2026’s Rubin chips amid soaring demand. Tesla (TSLA) : Up 60% since the election, Tesla faces delivery and earnings tests while policy changes, like the EV tax credit cut, raise uncertainty. Intel (INTC) : After a 60% loss in 2024 and CEO change, its January...
Post a Comment
Read more

Gold Forecast: Gold Pulls Back as Traders Lock in Profits Before Holiday

Gold Pulls Back as Traders Lock in Profits Before Holiday Gold saw a slight pullback during Thursday’s session after initially moving higher, likely due to lighter trading activity ahead of the upcoming Good Friday holiday. With futures markets set to be closed for the day, many traders might be sitting on the sidelines. Despite this pause, the overall sentiment around gold remains strongly bullish, and the recent dip appears to be nothing more than a temporary breather in an otherwise upward trend.  Key Points: Gold pulled back slightly after an early rally on Thursday. The Good Friday holiday is contributing to lower trading volume. The bullish momentum remains strong despite short-term pullbacks. Key support levels include $3,000 and $3,200. Geopolitical tensions and central bank buying support higher prices. Looking ahead, $3,000 seems like a solid baseline or floor for prices, although there are other key support levels to watch—$3,200 being a significant one. Th...
Post a Comment
Read more

Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed

Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed Stocks delivered a mixed performance on Thursday, slowing the momentum from the holiday-shortened week as the Santa Claus rally showed signs of fatigue. The Dow Jones Industrial Average edged up less than 0.1%, marking its fifth straight session of gains, while the S&P 500 and Nasdaq Composite each slipped just under 0.1%, ending a three-day winning streak. Dow closes higher for 5th day in a row S&P 500 and Nasdaq snap 3-day win streaks Apple hits record close, nears $4T market cap Bitcoin retreats after nearing $100K 10-year Treasury yield reaches highest since May Large-cap tech stocks were mostly under pressure. Apple Inc. (AAPL) rose 0.3% to a new record close, bringing it closer to the historic $4 trillion valuation mark. However, other tech heavyweights including Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META), and Tesla (TSLA) ended the sessio...
Post a Comment
Read more