Trump, Bitcoin and tariff
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Legendary crypto trader Arthur Hayes has predicted a financial crisis worse than 2008 will catapult the bitcoin price to a record
Crypto's peak valuation has dropped by more than $2.22 trillion, a 52% drop and the second-largest dollar loss in history. ・Bitcoin dropped 4.5% in two hours to about $64,200, wiping out almost $990 million in open interest.
Spot Bitcoin exchange-traded funds (ETFs) are on track to post a fourth consecutive month of net outflows as Bitcoin (BTC) approaches a fifth negative monthly close in February. The slowdown is visible across the shrinking fund balances and the bearish rolling net flow data,
Crypto has been nearly perfectly correlated with a key software sector ETF, and that gauge has tumbled another 5% Monday to a new 52-week low.
Asia stocks were mostly higher, safe-haven assets stayed firm, with yield on the 10-year U.S. Treasury little changed, while gold inched about 1% higher.
Polymarket priced higher odds of Bitcoin falling below $55,000 as BTC slipped to 15th in global market cap rankings.
Prediction markets expect a Bitcoin price rally, but on-chain data and whale moves suggest a very different outcome may be forming.
Beau Turner says restored bonus depreciation rules allow investors to immediately deduct the full cost of mining equipment, calling it one of the most powerful tax strategies in crypto.