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Crypto Daybook Americas: Bitcoin Defies Peak Fear as U.S. Dollar Plunges Over Trump's China Trade War [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
As the trade war between the U.S. and China escalates, with the latter raising tariffs on the former from 84% to 125% this morning, bitcoin ( BTC ) and the wider cryptocurrency market appear relatively unfazed. Bitcoin is down a mere 0.15% over the last 24 hours, and China's recent escalation hasn't stopped its ongoing recovery. The cryptocurrency is now trading above $82,000. The wider crypto market, measured by the CoinDesk 20 ( CD20 ) index, is stable with similar performance. The same can't be said about other assets. Gold rose to a new $3,227.5 record making Tether's XAUT — a gold-backed cryptocurrency — the top-performing digital asset. Meanwhile, the U.S. Dollar Index (DXY) dropped below 100 after enduring its biggest drop since 2022. At the same time, the yield on 10-year Treasuries kept rising to now stand near 4.4%. “The question of a potential dollar confidence crisis has now been definitively answered — we are experiencing one in full force,” ING strategists, includ
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