Bitcoin News
By Dan Saada
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The global financial landscape is bracing for a turbulent week as investors digest rising US Treasury yields, record-breaking moves in the crypto markets, and pivotal tech…
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Last week, long-term US government bond yields moved sharply higher, with both 20-year and 30-year Treasury rates climbing above 5.1%—a level not seen in years.
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Investors are becoming increasingly wary of the ballooning national debt, especially as former President Donald Trump promotes his new tax plan, called the “One Big Beautiful Bill.
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Market reactions were swift. US equity indices pulled back, and the dollar declined. Federal Reserve officials signaled a wait-and-see approach, likely holding interest rates…
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In the United Kingdom, inflation rose more than expected to 3.5% in April, up from 2.6% in March. Increased utility costs and airfare prices were major contributors.
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Meanwhile, the Reserve Bank of Australia (RBA) cut its policy rate by 25 basis points, bringing it down to 3.85%.
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While traditional markets faced uncertainty, the cryptocurrency market moved higher. Bitcoin broke past its previous record, reaching over $111,900.
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This uptrend is supported by a weakening US dollar, clearer rules around stablecoins, and growing interest from large investors.
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Technical indicators show Bitcoin remains in a strong uptrend. Despite some signs of overbought conditions—such as the Relative Strength Index (RSI) exceeding 70—analysts say the…
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Ethereum, however, is falling behind. While Bitcoin has gained more than 18% so far this year, Ether is down 21%. Ether is still trading 45% below its all-time high from 2021.
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The “One Big Beautiful Bill” has stirred debate across financial and political circles. It includes a mix of tax breaks, such as:
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Exempting tips and overtime wages from federal taxes
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Raising deduction caps for state and local taxes (SALT)
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It also outlines spending cuts, including stricter Medicaid eligibility and the removal of food assistance (SNAP) for low-income households.
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Economists warn the bill could add $3.8 trillion to the US deficit through 2034—much more than the $2 to $3 trillion expected from Trump’s tariff policies.
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