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Economic Times
16-07-2025
- Business
- Economic Times
Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises
Bitcoin Hits a New High Amid Market Jitters Gold Joins Bitcoin in Safe-Haven Surge Live Events Bitcoin Recovers Quickly After Brief Dip on CPI Release Altcoins Join Bitcoin in Broad-Based Crypto Rally FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel As the United States grapples with mounting debt and inflation concerns, investors are flocking to assets that have served as safe havens in uncertain times, Bitcoin and gold, as per a week, Bitcoin surged past $123,000, climbing more than $10,000 in just a few days and hitting a new all-time high, as reported by GuruFocus. It's already up 14% for July, driven by growing anxiety over the US economy and the government's ballooning fiscal deficit, according to the report. A $316 billion shortfall in May has rekindled fears over long-term sustainability, prompting many to seek safety outside of traditional markets, according to the GuruFocus to trading expert Keith Alan, the price action fits a textbook "Cup and Handle" pattern, a signal of continued momentum, as per GuruFocus. But beyond technicals, it's deeper economic worries that seem to be driving the move, concerns over increased Treasury issuance, a wavering US dollar, and rising calls for Federal Reserve Chair Jerome Powell to step down, according to the READ: Stock rally sparks bold words from trading legend — his unexpected take is going viral Alongside Bitcoin, gold is also gaining ground as a safe-haven asset, with both markets reacting to a tense mix of political pressure, inflation jitters, and monetary uncertainty, as per data released this week didn't ease any of those concerns, as the Consumer Price Index for June showed a 2.7% increase year over year, which is slightly higher than May's 2.4%, as per the AInvest report. Core inflation, which excludes food and energy, rose to 2.9%, according to the crypto market wobbled just before the inflation report came, with Bitcoin briefly dipping below $116,000, as per AInvest. But it quickly bounced back, climbing past $118,000 once the numbers were out, with traders still betting on a potential rate cut in September, but the next round of data, specifically the Producer Price Index, could either reinforce or upend those expectations, according to the AInvest READ: No Reddit, no visa? Indian's US entry blocked after failing to share account details While Bitcoin was not the only cryptocurrency moving higher, even Ethereum rose over 6% in the past 24 hours, XRP, Binance Coin (BNB), Solana, and Dogecoin also saw gains, as reported by AInvest. XRP increased 3%, BNB by 2.4%, and both Solana and Dogecoin gained 5%, according to the people are nervous about inflation, debt, and political turmoil—and Bitcoin is seen as a safe place to park money during uncertainty, as per the GuruFocus like Bitcoin, is considered a hedge during times of inflation or market instability.
Time of India
16-07-2025
- Business
- Time of India
Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises
As the United States grapples with mounting debt and inflation concerns, investors are flocking to assets that have served as safe havens in uncertain times, Bitcoin and gold, as per a report. Bitcoin Hits a New High Amid Market Jitters This week, Bitcoin surged past $123,000, climbing more than $10,000 in just a few days and hitting a new all-time high, as reported by GuruFocus. It's already up 14% for July, driven by growing anxiety over the US economy and the government's ballooning fiscal deficit, according to the report. A $316 billion shortfall in May has rekindled fears over long-term sustainability, prompting many to seek safety outside of traditional markets, according to the GuruFocus report. Explore courses from Top Institutes in Select a Course Category Healthcare Management Others Design Thinking Public Policy CXO Data Science Product Management Technology Degree Data Analytics healthcare Data Science Project Management Operations Management MBA Leadership others MCA Finance PGDM Digital Marketing Artificial Intelligence Cybersecurity Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details According to trading expert Keith Alan, the price action fits a textbook "Cup and Handle" pattern, a signal of continued momentum, as per GuruFocus. But beyond technicals, it's deeper economic worries that seem to be driving the move, concerns over increased Treasury issuance, a wavering US dollar, and rising calls for Federal Reserve Chair Jerome Powell to step down, according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Comment devenir un investisseur visionnaire eToro Market Updates En savoir plus Undo ALSO READ: Stock rally sparks bold words from trading legend — his unexpected take is going viral Gold Joins Bitcoin in Safe-Haven Surge Alongside Bitcoin, gold is also gaining ground as a safe-haven asset, with both markets reacting to a tense mix of political pressure, inflation jitters, and monetary uncertainty, as per GuruFocus. Live Events Bitcoin Recovers Quickly After Brief Dip on CPI Release Inflation data released this week didn't ease any of those concerns, as the Consumer Price Index for June showed a 2.7% increase year over year, which is slightly higher than May's 2.4%, as per the AInvest report. Core inflation, which excludes food and energy, rose to 2.9%, according to the report. The crypto market wobbled just before the inflation report came, with Bitcoin briefly dipping below $116,000, as per AInvest. But it quickly bounced back, climbing past $118,000 once the numbers were out, with traders still betting on a potential rate cut in September, but the next round of data, specifically the Producer Price Index, could either reinforce or upend those expectations, according to the AInvest report. ALSO READ: No Reddit, no visa? Indian's US entry blocked after failing to share account details Altcoins Join Bitcoin in Broad-Based Crypto Rally While Bitcoin was not the only cryptocurrency moving higher, even Ethereum rose over 6% in the past 24 hours, XRP, Binance Coin (BNB), Solana, and Dogecoin also saw gains, as reported by AInvest. XRP increased 3%, BNB by 2.4%, and both Solana and Dogecoin gained 5%, according to the report. FAQs Why is Bitcoin suddenly rising so fast? Because people are nervous about inflation, debt, and political turmoil—and Bitcoin is seen as a safe place to park money during uncertainty, as per the GuruFocus report. Why is gold also going up? Gold, like Bitcoin, is considered a hedge during times of inflation or market instability.
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin's Rally Enters 'Crisis Mode' Territory
Bitcoin (BTC-USD) blazes past $123,000 as U.S. debt concerns ignite safe-haven demand. The world's leading cryptocurrency shattered its prior all-time high this week, surging from about $107,000 at the end of last week to a fresh peak above $123,000. Warning! GuruFocus has detected 4 Warning Signs with NBIS. That $10,000 leap in days helped drive July's gain to 14%, in line with historical first-half momentum noted by Carson Group strategist Ryan Detrick. Trading expert Keith Alan pointed to a textbook Cup and Handle pattern and mounting U.S. deficit fears after May's $316 billion shortfall as key drivers behind the rally. Investor angst over swelling Treasury issuance and mounting calls for Fed Chair Jerome Powell's resignation has compounded pressure on the U.S. dollar. With inflation data due later this week and political tension heating up, Bitcoin's one trillion-dollar market and gold are both catching bids. At the same time, altcoins are stirring: Ethereum jumped nearly 20% last week to reclaim a price above $3,000 as Bitcoin's dominance slipped below 65%, hinting at the start of an altseason. Why it matters: As traditional yields rise and the dollar weakens, digital assets are translating systemic risk into price momentum, making Bitcoin a barometer for broader market angst. Investors will eye June's Consumer Price Index release later this week for clues on whether the crypto rally can sustain its crisis mode momentum. This article first appeared on GuruFocus.
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin's Rally Enters 'Crisis Mode' Territory
Bitcoin (BTC-USD) blazes past $123,000 as U.S. debt concerns ignite safe-haven demand. The world's leading cryptocurrency shattered its prior all-time high this week, surging from about $107,000 at the end of last week to a fresh peak above $123,000. Warning! GuruFocus has detected 4 Warning Signs with NBIS. That $10,000 leap in days helped drive July's gain to 14%, in line with historical first-half momentum noted by Carson Group strategist Ryan Detrick. Trading expert Keith Alan pointed to a textbook Cup and Handle pattern and mounting U.S. deficit fears after May's $316 billion shortfall as key drivers behind the rally. Investor angst over swelling Treasury issuance and mounting calls for Fed Chair Jerome Powell's resignation has compounded pressure on the U.S. dollar. With inflation data due later this week and political tension heating up, Bitcoin's one trillion-dollar market and gold are both catching bids. At the same time, altcoins are stirring: Ethereum jumped nearly 20% last week to reclaim a price above $3,000 as Bitcoin's dominance slipped below 65%, hinting at the start of an altseason. Why it matters: As traditional yields rise and the dollar weakens, digital assets are translating systemic risk into price momentum, making Bitcoin a barometer for broader market angst. Investors will eye June's Consumer Price Index release later this week for clues on whether the crypto rally can sustain its crisis mode momentum. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-02-2025
- Business
- Yahoo
Bitcoin Faces Potential Drop as "Death Crosses" Signal Retest of $92,000 Support
Bitcoin's price faces potential downward movement as technical indicators signal a possible retest of support levels. Analysis shared by Material Indicators on Feb. 17 suggests that Bitcoin, currently trading at $95,827, may experience further declines due to "death crosses" appearing on daily charts. These crosses, where short-term moving averages drop below long-term ones, often indicate weakening price momentum. However, the analysis also points to bid liquidity at $95,000 and secondary support at $92,000, which could help stabilize prices. Material Indicators highlighted that while market liquidity is shifting, retail investors remain engaged, continuing to hold their positions while larger entities adjust their exposure. The firm described the situation as a potential 'shakeout,' emphasizing the importance of patience and disciplined trading strategies. Co-founder Keith Alan expressed confidence in the downturn, stating that he sees it as an opportunity to strengthen long-term holdings rather than a cause for concern. External factors are also influencing market conditions. With Wall Street closed for the President's Day holiday, institutional investors were unable to impact Bitcoin's price movements. Meanwhile, QCP Capital observed a decline in overall trading volumes, attributing the slowdown to a lack of volatility triggers. The firm reported that implied volatility continued to drop, with realized volatility falling to 36%. This indicates that, despite price fluctuations, the market remains relatively stable without strong directional momentum. The broader macroeconomic landscape remains a factor, as Bitcoin continues to correlate with equity markets. Although inflation concerns persist, Bitcoin has shown resilience to recent macroeconomic data releases. QCP Capital noted that open interest in Bitcoin remains low, suggesting that options traders are waiting for concrete policy decisions rather than responding to speculative sentiment. Analysis of Binance order book data further supports the idea of an upcoming price test. A snapshot shared by Material Indicators shows significant bid interest around the $95,000 level, while all order classes, except retail traders, reduced their Bitcoin exposure over the weekend. The presence of support at $92,000 suggests that a further drop could serve as a validation of key support zones, potentially setting the stage for future price movements. Traders remain cautious, with many monitoring technical signals closely. The appearance of death crosses suggests the potential for a prolonged downtrend, yet some investors view the current conditions as an opportunity to accumulate more Bitcoin. Material Indicators emphasized the importance of strategic planning in such market conditions, advising traders to remain patient and stick to their targets. While uncertainty remains, Bitcoin's current position within its trading range, coupled with low volatility and macroeconomic influences, will likely dictate price action in the coming days. Sign in to access your portfolio
