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Global Markets Rally: Bitcoin Soars Past $118K, Gold Holds Strong Amid UK Fiscal Concerns and Japan Bond Woes
Stock Market News· 2025-10-02 04:38
Cryptocurrency Market - Bitcoin (BTC) has surged 3.6% to trade at $118,747.48, while Ethereum (ETH) climbed 4.3% to $4,375.18, indicating strong investor interest and momentum in the cryptocurrency market [3][10]. Commodities Market - Gold is holding firm near its recent peak, driven by ongoing U.S. shutdown risks and the market's anticipation of a more accommodative stance from the Federal Reserve [4][10]. UK Economic Outlook - The UK economy is facing a challenging fiscal outlook, with reports indicating a potential hole in public finances following a productivity downgrade. However, Chancellor Reeves is reportedly set to reverse plans for higher business rates for retailers, providing some relief to the retail sector [5][10]. Japan's Bond Market - Japan's government bond market is experiencing declining investor demand for 10-year government bonds amidst political uncertainty, with the 20-year JGB yield increasing to 2.625% [6][10]. Corporate Developments - Volkswagen (VWAGY) is reportedly taking steps to revive its troubled tech unit, which is considered key to the company's future and underscores its commitment to technological innovation [7][10].
Government Shutdowns Have Meant Crypto Bloodbaths: Bad News Ahead For Bitcoin, Ethereum?
Yahoo Finance· 2025-10-01 20:31
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The U.S. federal government shut down at midnight, sending leading cryptocurrencies lower and raising concerns about the market’s short-term outlook. Shutdown Shakes Cryptos, Stocks The shutdown, the first since 2018-19, could halt some government services temporarily and furlough hundreds of thousands of federal workers. The development shook markets, with stock futures and leading cryptocurrencies like ...
TON Foundation Brings Former Nike, Apple Exec as Marketing Chief
Yahoo Finance· 2025-10-01 15:53
Toncoin (TON) has gained momentum over the past 24 hours, rising by more than 4.5% with a 20% surge in trading volume, potentially positioning itself as the next big crypto. The rally comes as TON Foundation announced a high-profile leadership addition aimed at strengthening its global brand presence. According to press release, it has appointed Gerardo Carucci as Chief Marketing Officer (CMO), effective immediately. Carucci will oversee global brand strategy, creative direction, and community growth, po ...
Cryptocurrencies: Bitcoin's YTD Gains Hit 21% as Q3 Closes
Etftrends· 2025-10-01 15:04
Core Insights - The article provides an update on major cryptocurrencies, focusing on Bitcoin, Ether, and XRP, highlighting their market performance and foundational differences [1][3][5]. Bitcoin - Bitcoin is the first cryptocurrency, launched in early 2009, and has become a mainstream financial asset despite its volatility [2]. - Bitcoin's closing price fell below $110,000 for the first time in nearly a month but finished Q3 with a year-to-date gain of approximately 21%, currently ~8% below its record close from August 2025 [3]. Ether - Ether operates on the Ethereum blockchain and was launched in July 2015, holding the second largest market share among cryptocurrencies [4]. - Ether's closing price fell below $4,000 for the first time since early August but ended Q3 with a 67% surge, resulting in a year-to-date gain of approximately 24%, now ~14% below its record close from August 2025 [5]. XRP - XRP, launched in 2012 and owned by Ripple, was once among the larger cryptocurrencies but has since faced competition from newer coins [6]. Comparative Analysis - An index has been created to compare Bitcoin, Ether, and XRP, using a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [7]. ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, indicating a significant development in the cryptocurrency investment landscape [8]. - On July 23, 2024, multiple spot Ether ETFs were launched, further expanding investment options in the cryptocurrency market [9].
Kazakhstan Starts State BNB Reserve: BNB Price Prediction for October – Can BNB Hit $1,250?
Yahoo Finance· 2025-09-30 11:43
BNB crypto has been making moves in September, and so it is only right that the BNB price prediction for October would be more bullish. Thus far, the BNB price is steady above $1,000, reversing losses of September 25, and setting the foundation for more gains, possibly above $250. Even with BNB crypto flying above $1,000, it is yet to flip the resurgent XRP crypto. Perched at third, XRP USD is also trending higher and might close above $3. Still, attention is on the BNB USD price action, which has so far ...
Turn $1 into $1 Million: ChatGPT’s Three Crypto Picks
Yahoo Finance· 2025-09-29 14:38
Turning a single dollar into a million is never easy, but the crypto market has produced plenty of stories where early believers struck it rich. Investors with the right mix of high-potential 1000x crypto coins can set a similar path. Here are the top three cryptocurrencies that ChatGPT thinks could make the next millionaires. Aster (ASTER) Aster opened the week with a sharp rally, climbing 6% on Sept. 29, to trade near $1.88. That move extended a 19% gain over the past seven days, showing strong demand ...
Eric Trump Repeats His $1 Million Prediction For Bitcoin, Foresees An 'Unbelievable' Q4 For Crypto
Yahoo Finance· 2025-09-29 10:31
Eric Trump, the executive vice president of The Trump Organization, expressed his optimism about the future of cryptocurrencies in an interview aired Friday, predicting a surge in the fourth quarter. Why Trump Finds Crypto Incredible During an interview with the New York Post, Trump said that the industry is going faster than the internet and the future looks “incredible.” “I think fourth quarter this year is going to be unbelievable for a host of reasons,” Trump predicted. He reiterated that Bitcoin wil ...
Why Dogecoin Is Plummeting This Week
Yahoo Finance· 2025-09-27 21:48
Core Viewpoint - Dogecoin is experiencing a significant decline in value, with a 14.1% drop over the past week, influenced by broader market trends and comments from Federal Reserve Chair Jerome Powell regarding stock valuations [1][2][7]. Market Trends - The cryptocurrency market is facing a wave of selling, with Dogecoin's valuation contracting alongside other cryptocurrencies like Bitcoin and Ethereum, which fell 5.6% and 10.8% respectively during the same period [1][2]. - Powell's remarks about high equity valuations have led to sell-offs in the crypto market, despite Dogecoin not being an equity itself [4][5]. Investment Considerations - Dogecoin is primarily viewed as a speculative investment with limited fundamental backing, making it vulnerable to market sentiment shifts [5][6]. - Future developments, such as exchange-traded funds (ETFs) and crypto-treasury strategies related to Dogecoin, could serve as potential bullish catalysts, but the token's valuation will likely remain influenced by broader cryptocurrency market trends [6].
3 Signs That Leading Cryptocurrencies Could Be Overvalued
Yahoo Finance· 2025-09-27 08:30
Group 1 - The crypto market experienced a significant sell-off on September 22, with Bitcoin dropping by 3% and Ethereum by 9%, attributed to a liquidation of $1.5 billion in leveraged positions [1] - The recent pullback raises questions about whether it is a healthy correction or an indication that top cryptocurrencies are overvalued [1] - The Digital Asset Treasury (DAT) trade, which involved companies buying specific cryptocurrencies, has lost momentum, with a quarter of Bitcoin treasury companies trading below their cryptocurrency holdings [5][7] Group 2 - Notable DAT companies that previously invested in Bitcoin have also started to invest in more speculative cryptocurrencies like Ethereum, Solana, and XRP [3] - The prices of Ethereum, Solana, and XRP surged during the summer due to sustained buying from DAT companies [4] - Some DAT companies, such as Nakamoto Holdings, are facing severe declines, with shares dropping 55%, indicating potential implosion [6] Group 3 - The overall sentiment in the crypto market has turned bearish, as reflected in the Crypto Fear & Greed Index, which indicates a lack of bullish sentiment despite a Federal Reserve interest rate cut [8]
币圈“血流成河”!比特币、以太坊延续跌势 220亿美元期权到期再添变数
智通财经网· 2025-09-26 04:16
BTC Markets 加密货币分析师Rachael Lucas表示,以太坊下跌是因为"机构资金流入放缓",且"技术信号 显示存在短期压力"。她预计,如果以太坊跌破3800美元,将会出现更多的平仓操作。 以太坊一度下跌8.2%,跌破4000美元,创近七周以来的最低水平。比特币四周来首次跌破11万美元, 跌幅约3.3%。狗狗币和Cronos等更具投机性的代币跌幅更大,分别暴跌9.4%和10%。 以太坊价格跌至近七周以来的最低水平 风险投资公司Generative Ventures的Lex Sokolin表示:"我们正目睹整个市场出现去风险化趋势。 Memecoin,或者说没有坚实基本面的资产,最先受到冲击,而且往往在上涨和下跌时都更具反射性。 监管、数字资产财库公司(DAT)以及降息等许多积极的催化剂都已经反映在价格中了,因此市场需要一 个新的叙事来保持上涨势头。" 下一次考验将在周五到来,根据衍生品交易所Deribit的数据,届时超过170亿美元的比特币未平仓合约 以及约53亿美元的以太坊未平仓合约到期。 本周的回调始于17亿美元多头仓位被清算,这再次提醒投资者,在不透明的离岸交易所进行清算操作在 加密货币市 ...