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Bitcoin climbs while China's retaliatory tariffs push Nasdaq to bear market: CNBC Crypto World

Summary by CNBC

On today's show, Bitcoin climbs after China retaliated against President Trump's tariffs, while stocks continue to crater following their worst day since 2020. Plus, the Senate Banking Committee advances two key pro-crypto Trump nominations: Paul Atkins for SEC chairman and Jonathan Gould for comptroller of the currency. And, Lily Liu, president of the Solana Foundation, discusses institutional adoption of the network.

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Bitcoin climbs while China's retaliatory tariffs push Nasdaq to bear market: CNBC Crypto World

20 hours ago·United States

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Bitcoin Ethereum News

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off

The post Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off appeared on BitcoinEthereumNews.com. Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500. The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest drop on record, surpassing the $3.3 trill…

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5 hours ago

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Bitcoin Eyes Breakout as Global M2 Hits Record $108 Trillion

The global M2 money supply has surged to an all-time high of $108.4 trillion, raising fresh questions about Bitcoin’s next move. The milestone comes amid escalating economic uncertainty following former President Donald Trump’s new “Liberation Day” tariffs and China’s swift retaliatory measures, which together have roiled global markets. What is M2 and Why Does It Matter for Bitcoin? Despite the extreme volatility over the past two weeks, Bitco…

16 hours ago

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Bitcoin Shows ‘Impressive Resilience’ as Nasdaq Nears Bear Market on China Angst - WorldNL Magazine

The price of Bitcoin whipsawed on Friday as China countered U.S. President Donald Trump’s tariffs with sweeping levies of its own and investors mulled fresh labor market data.The leading cryptocurrency was recently changing hands below $83,000, a 1% increase over the past day, according to crypto data provider CoinGecko. Bitcoin rose as high as $84,600 on Friday morning Eastern Time before dipping to $81,700 an hour and a half later.Major altcoi…

17 hours ago

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