Author: Anthony M. Orbison
With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market.On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely. The US dollar-to-yuan exchange rate on April 8. Source: BloombergWith the trade war ratcheting up, “expectation for China to eventually devalue the currency has jumped and the pressure won’t go away easily,” Ju Wang, head of…
On March 28, 2025, one of the most severe earthquakes of the 21st century devastated Myanmar (Burma). The death toll from the 7.7 magnitude tremor is now over 3,600, while more than 5,500 have been injured and 17.2 million are currently living in the affected areas. To make matters worse, the country is under military rule and the leaders of the junta are both restricting humanitarian aid from reaching some of the most affected areas of the country and bombing war-torn regions of the country to which some of the survivors have fled. Win Ko Ko Aung, a Burmese refugee…
The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud.“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.”“Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower…
While attending the MIT Bitcoin Expo in Boston over the weekend I was lucky enough to get a chance to sit down and talk with Bitcoin Core contributor and maintainer Gloria Zhao. Gloria began contributing to Bitcoin Core in 2020 shortly before she graduated from UC Berkeley at the end of the year. Giving up a chance to work full time at Google after a college internship, she decided to jump into contributing to Bitcoin Core full time thanks to funding from Brink with contributions from the Human Rights Foundation and Spiral. In 2022 she became a Bitcoin Core maintainer,…
Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump, stated that tariffs were “not a negotiation.”As a result, the S&P 500 index closed on April 8 with a 1.6% loss, reversing earlier gains of 4%. This downturn has left traders wondering whether Bitcoin (BTC) can regain its bullish momentum amid worsening macroeconomic conditions.Spiraling US…
Mastercard has announced a landmark partnership with Kraken to enable real-world Bitcoin and crypto payments at scale across the UK and Europe. The collaboration aims to allow Kraken’s users to spend their digital assets at over 150 million merchants worldwide that accept Mastercard, marking a major step forward in the integration of Bitcoin into everyday commerce. “Mastercard is committed to driving innovation and expanding the possibilities of digital payments,” stated Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard. “Our partnership with Kraken is a concrete demonstration of this, as we work together to unlock the true potential of…
Bitcoin investment success began with a simple pizza order, and the story continues to fascinate people even today. Back in 2010, a programmer named Laszlo Hanyecz spent around 10,000 Bitcoin on two pizzas, a transaction that would eventually become quite legendary in the cryptocurrency market. This purchase, worth approximately $41 at the time of the exchange, really shows both the incredible potential for financial freedom and also highlights the extreme market volatility that can happen with crypto investing.Also Read: US Dollar Under Siege as Central Banks Ramp Up Gold Reserves – What’s Next?Unlocking Financial Freedom with Bitcoin Investment Amid Market…
Bitcoin (BTC) has a new $70,000 reversal target as a leading indicator sets new bull market lows.In X analysis on April 7, popular trader and analyst Rekt Capital predicted that BTC/USD could find its floor near old all-time highs from 2021.History suggests $70,000 should end BTC price dipBitcoin can dip as low as $70,000 before recovering and still keep within historical norms, Rekt Capital says.Considering where the current bull market correction might end up, the analyst used the relative strength index (RSI) indicator to calculate the potential BTC price downside.“Whenever Bitcoin’s Daily RSI crashed into the sub-28 RSI levels -…
We’re less than a week away from OPNEXT, the tech-focused, scaling conference from Blockspace Media. Hosted on April 11 and 12 at the Strategy HQ in Tysons, VA, this year’s OPNEXT will feature presentations on Bitcoin’s cutting-edge tech proposals from leading developers like Jameson Lopp, Jeremy Rubin, James O’Beirne, and many more. Bitcoin needs an open, in-person forum for constructive and honest discussion on the solutions that will scale Bitcoin to the next billion users. OPNEXT is providing that forum as the premier conference to learn about the most important scaling proposals and technical solutions that are under discussion. This…
The last several weeks have seen economic policy wreak havoc on the markets. However, that could be set to benefit the leading cryptocurrency, as Bitcoin may get a boost with the Chinese yuan devaluing amid the brewing US trade war aligning with historical trends for the token.Both the United States and China have been embroiled in rising geopolitical tensions; the markets are in a concerning spot. Following the debut of US President Trump’s Liberation Day tariffs, the US stock market suffered a three-day selloff that wiped $5 trillion of value in US equities.Source: Watcher GuruAlso Read: BTC: Why Is Bitcoin…