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-0.00146127618119818 -0.00367533100119568 -0.00146127618119818 -0.00146127618119818 0.00296683345879641 0.0206792720187752 0.000752778638799112 -0.0125315502811851
Stock impact report

Crypto Daybook Americas: Bitcoin Slumps as Investors Flock to 'Doomsday Asset' Gold [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
absence of a plan for the U.S. government to buy bitcoin under the newly announced strategic reserve plan and amid persistent macroeconomic concerns BTC fell to $80,000 late Sunday, trading below the 200-day simple moving average, and ether took out a macro bullish trendline with a dip below the long-held support of $2,100. Other coins followed the two majors, posting bigger losses. "Many investors are pulling out of bitcoin, viewing it as a risky asset class for the first time since Trump took the White House," said Zach Burks, CEO and founder of NFT-service provider Mintology. "It's no longer playing its role as a store of value. Gold prices have spiked as many go back to the original ‘doomsday asset,' which is no surprise as tariffs and grenades continues to get thrown across the free world." The tariffs are making it harder for the Fed to move forward with rate cuts despite the continued decline trend in real-time inflation indicators. On Friday, Fed chairman Jerome Powell s Show less Read more
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