Bitcoin Sinks on Ebbing Fed Rate-Cut Bets and Cooling ETF Demand

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(Bloomberg) -- Bitcoin sank amid cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy.Most Read...

-- Bitcoin sank amid cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy.The digital asset fell as much as 5.3% before paring some of the drop to change hands at $66,735 as of 1:10 p.m. Tuesday in Singapore. Tokens earlier favored by the meme crowd such as Pepe and dogwifhat also slumped, consigning a gauge of smaller digital assets to its biggest two-day slide in about two weeks.

The crypto market looked “weak” over the past 12 hours in the wake of the latest US economic data, said Richard Galvin, co-founder of DACM. The worst result, after buying shares in a company , would be if you lose all the money you put...NEW YORK — Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.

Trump's media company, which runs Truth Social, was flying high after starting trading. There are plenty of reasons to believe it won't stay up there.Ballard's growing focus on the United States is in contrast to its increasingly cautious approach to expansion in China.The S&P 500’s first-quarter rally comes on the heels of last year’s 24% surge. There are strong arguments in favor of further gains.Looking for safe passive income that will grow and build wealth inside your TFSA.

 

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