US Dollar and Stocks Slide as Crypto Rallies Amid Trump-Fed Clash
While traditional markets stumbled, the crypto space continued its upward momentum following fresh criticism from former US President Donald Trump directed at Federal Reserve Chair Jerome Powell. On April 21, American stock indices took a hit — the S&P 500 fell by 2.4%, the Nasdaq lost 2.5%, and the Dow Jones dropped nearly 1,000 points, […]
US Bitcoin ETFs Record Highest Inflows Since January Amid Market Momentum
Bitcoin exchange-traded funds (ETFs) based in the US just saw their biggest surge in inflows since late January, as the broader crypto market remained strong through the Easter period. On April 21, the 11 Bitcoin ETFs collectively brought in $381.3 million in net inflows, with the ARK 21Shares Bitcoin ETF (ARKB) leading the charge with […]
ECB Warns of Financial Risks from US Crypto Advancements
The European Central Bank (ECB) has voiced concerns about potential financial instability stemming from the United States’ growing support for the cryptocurrency sector, especially regarding the expansion of dollar-based stablecoins. A policy document reviewed by Politico reveals that the ECB is advocating for updates to the recently enacted Markets in Crypto-Assets Regulation (MiCA), suggesting that […]