Bitcoin hits all-time high as USD on track for worst year since 1973: Analyst Precious metals and Bitcoin are rising to new all-time highs, alongside risk assets like stocks, as the US dollar (USD) is on track for its worst year since 1973, signaling a “generational” macroeconomic shift, according to market analysts at The Kobeissi Letter. The S&P 500 stock market index is up over 40% in the last six months, BTC hit a new all-time high of over $125,000 on Saturday, and gold is also trading at all-time highs — $3,880 per ounce at the time of this writing — nearing $4,000, Kobeissi Letter wrote. “The correlation coefficient between gold and the S&P 500 reached a record 0.91 in 2024,” the analysts wrote, adding that this unusual correlation between safe-haven assets and risk assets indicates that markets are now pricing in a “new monetary policy,” Kobeissi added: https://cointelegraph.com/news/bitcoin-all-time-high-dollar-worst-year-1973
- 0 replies
- 0 recasts
- 0 reactions
Senate Democrats unveil own crypto market structure framework, setting stage for bipartisan talks A group of 12 Senate Democrats introduced a detailed seven-pillar framework on Tuesday for regulating U.S. crypto markets, marking the party's most comprehensive proposal to date. While the plan signals Democrats' readiness to negotiate with Republicans on long-stalled market structure legislation, it also sharpens the dividing lines over ethics and enforcement. The group, including Senators Ruben Gallego, Mark Warner, Kirsten Gillibrand, and Cory Booker, framed the nearly $4 trillion global crypto market as too large to remain in regulatory limbo. Their blueprint emphasizes investor protections, closing regulatory gaps, and curbing what they describe as potential corruption linked to President Trump and his family's various crypto ventures. https://www.theblock.co/post/370018/senate-democrats-crypto-market-structure-framework
- 0 replies
- 0 recasts
- 0 reactions
Two 'Red Flags' You Need To Watch When Investing In Bitcoin Treasury Firms Speaking to CNBC, Chung said that while firms like Strategy inspired a wave of copycats, not all of them have the same fundamentals or execution capacity. "The two key things that you need to watch out for is, first one is, the underlying asset has to be an asset that has the potential to become a monetary asset," Chung explained. "The second thing is the management's execution capability. This operation requires ability to navigate the public capital market and structure the right instruments." The sector is dominated by a handful of firms holding tens of thousands of Bitcoin. https://www.benzinga.com/crypto/cryptocurrency/25/09/47546634/two-red-flags-you-need-to-watch-when-investing-in-bitcoin-treasury-firms
- 0 replies
- 0 recasts
- 0 reactions