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'There's a new sheriff in town:' VP Vance vows to fire crypto's enemies in government

'There's a new sheriff in town:' VP Vance vows to fire crypto's enemies in government

CNBC29-05-2025

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

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Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles
Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles

Yahoo

time27 minutes ago

  • Yahoo

Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles

Bitcoin (BTC) BTC maintained a steady climb Saturday as U.S. domestic tensions intensified. Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles. According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command. Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin's stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis. Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research's technical analysis model. An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly. Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising Analysis Highlights BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332. Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon. Support at $105,400 held firm through several retests, reinforcing bullish sentiment. A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000. The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier "pump and dump" interpretation. With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Self-made millionaire shares the hardest money conversation he and his wife have ever had: 'I'm sweating thinking about it'
Self-made millionaire shares the hardest money conversation he and his wife have ever had: 'I'm sweating thinking about it'

CNBC

time12 hours ago

  • CNBC

Self-made millionaire shares the hardest money conversation he and his wife have ever had: 'I'm sweating thinking about it'

Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money. He's even published books on how to get rich and how couples can manage their finances together. But his own financial journey hasn't been perfect. He recently sat down with his wife, Cassandra, for a special episode of his Money for Couples podcast where they answered some of the same questions he asks couples every week in an interview with friend Julie Nguyen. The Sethis have been married since 2018, and Ramit has often shared tidbits about their relationship on his podcast and in his books, highlighting some of the strategies they've used to navigate combining finances, earning different incomes, creating shared goals and more. On the podcast, Ramit and Cassandra agreed on the most difficult money conversation they've ever had as a couple: negotiating their prenup before getting married. "I'm sweating thinking about it right now," Ramit said. "[The] first time I brought it up, I remember I had talked to so many people, gotten advice, planned what I was gonna say and I was very nervous about it." Cassandra received the idea of a prenup well, he said, but things went south from there. Many money experts recommend getting a prenuptial agreement, even to those with modest finances. A prenup is a legal contract outlining how a couple wants their finances handled in the event of a divorce. Without one, couples could wind up leaving those decisions — like who gets certain assets or who pays spousal support — up to a judge. Prenups are for everyone, money expert Suze Orman told CNBC Make It in 2020, and individuals should feel comfortable bringing it up with their partner. "If you cannot talk money to the person that you are about to marry, you are doomed for failure because money is going to run through your relationship more than anything else," she said. When Ramit brought up the idea of a prenup up to Cassandra, he had already started his business and written his first book on money. Cassandra didn't know much about them, but was willing to learn. And while they both agreed to get a prenup, their negotiations turned contentious due to differing expectations and understandings of money. Ramit saw the negotiations as strictly financial and tried to let the numbers speak for themselves. Cassandra, on the other hand, was more tapped into the emotional considerations, which Ramit wasn't really thinking about. Ramit tried to make a "generous" offer in his prenup proposal, he said, but Cassandra was more concerned with their relationship and ensuring their feelings and emotions were aligned. "We started going back and forth and I was very confused, very hurt because I'm like, 'I'm not trying to trick anybody here,'" Ramit said. Cassandra eventually suggested the couple sit down with a therapist and talk through their emotions to figure out where things weren't aligning. The therapist asked how they each view money. "That really opened up conversations that we hadn't been able to have because my answer was like, 'growth, of course, look at the compounding.' And her answer was, 'safety,'" Ramit said. Despite the turmoil, the process helped the couple deepen their relationship by revealing not just how they each think about money, but also how they should be communicating those feelings with each other, they said. While Ramit was more focused on the actual numbers, Cassandra didn't have the financial knowledge to get a sense of security from the amounts in their savings and investment accounts. "I'll never forget something Ramit said to me during that time. You were like, 'I really need you to get better at money,'" she said. "I took that very seriously because deep down inside I was like, 'I know I'm not that great at money. I could get better.'" While she worked on learning about prenups and managing money in general, Ramit acknowledged he needed to improve at talking about emotions so he could more clearly communicate where he was coming from and better understand Cassandra's perspective. "In retrospect, you were not asking me to pull out a f------ spreadsheet. You were feeling this," he said. "Looking back, I needed to listen to what you were saying. I should have been asking more questions." Now seven years into their marriage, they still consider what they learned from their prenup negotiations the most valuable lessons they've learned from each other, they said. Cassandra said Ramit's mindset around abundance and trusting your earning power "has been really eye-opening." And Ramit is grateful to have learned from Cassandra the importance of checking in on your feelings and talking about them. "It has really changed the way that I relate to people a lot," he said.

Jim Cramer says these hot new stocks are ones to watch
Jim Cramer says these hot new stocks are ones to watch

Miami Herald

time14 hours ago

  • Miami Herald

Jim Cramer says these hot new stocks are ones to watch

The first half of 2025 has been an intense year for investors, to put it mildly. With the introduction of President Donald Trump's tariffs on April 2, the stock market plummeted as businesses and investors alike considered the potential effect the levies would have - and that many businesses could be devastated by them. Don't miss the move: Subscribe to TheStreet's free daily newsletter Specific tariffs, such as Trump's original 145% levy on China, would have an enormous negative impact on countless companies across a variety of sectors, including tech, retail, automotive, and more. Trump's announcement on April 9 of a 90-day pause on reciprocal tariffs was the first of many signals that perhaps the potential economic disaster might be avoided. Since then, the president has flip-flopped on many of his original promises, leading investors to hope that perhaps things would turn out okay after all. Related: Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat And that trend continues in May, as the U.S. stock market has returned more than 6%. Despite gaining momentum, however, the climate is still uncertain, leaving many investors unsure if they should keep their holdings or make moves. CNBC's Jim Cramer weighed in on that very topic this past week with some good advice for those who are skeptical about how to proceed in the light of the trade war. On a recent episode of "Mad Money," Cramer shared an essential tip for those who are worried about their portfolios. "You can learn a lot about a market from looking at the stocks that make it to the 52-week high list," he said. "It's a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn't," he said. Cramer is referring to a list of stocks that have hit 52-week highs, indicating their ability to persevere even through severe headwinds. Related: Veteran analyst says stock market rally not 'real' until this happens A few of the current companies on the list include semiconductor maker Broadcom, hard drive maker Seagate, cooling systems company Johnson Controls, media streaming services Netflix and Spotify, and uniform maker Cintas. A few more of the companies on the list that may be worth checking out are DoorDash, eBay, Roblox, GE Aerospace and Mosaic. "At the end of the day, this new high list is an eclectic group of stocks, mostly geared to U.S. venues. That makes sense, given the trade war," Cramer said. "I'd be a buyer of any of these names down 5 to 8% from these levels. That is my favorite percentage to start a position on a red hot stock, and not before then." While the list is a handy way to keep an eye on stocks performing over the long term, Cramer doesn't translate that to an instant buy just because something stays on the list. "The best way to target stocks on the list is to be patient and find a high-quality stock that is seeing a temporary pullback," Cramer said. However, he did stress that the list is an incredible tool to monitor the market. "Poring over the 'new high' list is a fabulous way to identify potential, and I stress that word, potential stocks to buy," Cramer said. "You only buy stocks that have pulled back from the 'new high' list if you're confident they'll make a comeback for substantive reasons unrelated to the broader market." Related: Jim Cramer sends a blunt message on Microsoft layoffs The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

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