2 days ago
According to Galaxy Digital founder and CEO Mike Novogratz, the recent rebound in Bitcoin reflects far more than speculative trading, rather it is a direct response to growing macroeconomic instability and a shift in global financial architecture. Speaking on CNBC’s “Squawk Box” segment Wednesday morning, Novogratz connected Bitcoin’s ( BTC ) recent performance with broader geopolitical and fiscal developments, including a sudden tariff policy announcement, rising interest rates, and evolving strategies in Washington. The resulting uncertainty is sparking a reevaluation of traditional security and economic systems that have been in place since the post–World War II era. While Bitcoin typically performs well during macro uncertainty, Novogratz noted the dual nature of the asset. Specifically, it functions both as a geopolitical hedge like gold and as a risk asset reliant on investor adoption. “Bitcoin broadly does well with these kinds of macro conditions,unless there’s this kind of risk-off,” he said, adding “and when there is chaos, new buyers disappear.” Despite institutional adoption progressing, retail participation has slowed. The BTC market, according to Novogratz, has seen more short-term trading than long-term accumulation recently. You might also like: Bitcoin vs. gold: Pompliano explains why BTC may soon outperform Bitcoin vs. Gold: who’s buying what, and why Bitcoin and gold are both “report cards on financial stewardship,” Novogratz said. Notably, the recent gold performance is a reflection of declining confidence in traditional fiat systems. He pointed out that foreign central banks, not retail or institutional investors, are driving recent gold demand. He also predicted the emergence of a BRICS-backed currency, possibly supported by gold, within the next 24 months. Such moves underscore a global shift away from reliance on the U.S. dollar and Western monetary systems. The U.S. is acting like an emerging market? Novogratz warned that the U.S. economy is beginning to behave more like an emerging market than a developed one. “I’m not saying we’ve gotten there yet,” he said. “It’s the early stages and that should get us all nervous. I’m sure that’s got Secretary Bessant nervous. I’m sure it’s got, you know, people around the white House who understand this nervous.” He emphasized the irony of pursuing noble goals like reducing inequality and deficits while undermining long-term stability. It is not possible to simply “wish away 30 years” of global trade systems and supply chains.” You might also like: Ray Dalio, who predicted the 2008 crisis, says the US is on the brink of something worse than a recession. Is Bitcoin reserve a solution?
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HBAR, VET & ENA Crucial Support Levels – Your Guide to Mid‑Term Price Moves
Examining key price benchmarks can reveal potential market shifts for HBAR , VET , and ENA . This guide delves into where these cryptocurrencies are headed in the coming months. Discover which ones are poised for growth and the crucial support levels to watch. Curious about the next big move? Dive into the analysis ahead. Hedera HBAR Dynamics: Short-Term Dips Amid Long-Term Surge and Key Levels Hedera price fell about 12% over the past month while climbing over 211% across six months. Volatility marked the recent decline, contrasting with a sustained rally that drove long-term gains. Sharp short-term corrections followed months of bullish buildup, showing the coin`s ability for rapid movements and high potential. Recent setbacks provide opportunities for recovery. The coin now trades between $0.1166 and $0.2485, with resistance near $0.3343 and secondary resistance at $0.4662, while support holds around $0.0705 dollars. Mixed indicators, such as an RSI near 47 and slight momentum, suggest no clear trend, indicating both bulls and bears share control. Traders may explore breakouts above resistance or look for rebounds at support to guide decisions. VeChain Market Update: Recent Trends and Key Price Levels VeChain dropped 7.56% over the past month while showing a modest 5.02% rise over the last six months. A strong 14.58% one-week gain added a burst of energy during a period marked by mixed performance. Price swings revealed short-term strength amid longer-term caution, with movements varying as traders reacted to market shifts. Technical measures indicated a balance between upward pressure and correction across different time frames. Current trading lies between $0.01797 and $0.03102. A resistance level is near $0.03891 with clear support at $0.01282. Bulls have pushed prices higher in the short term, but recent monthly losses suggest caution. With no clear long-term trend, traders might consider buying near support and watching for a breakout above resistance. Ethena Trading: Bearish Trends and Key Levels to Watch Over the past month, Ethena dropped by nearly 24%, while a six-month decline reached around 30%. Price losses have accumulated gradually, with technical measures like a 41.35 RSI and a slightly negative Oscillator contributing to the downward pressure. This sustained decrease cautions investors against expecting an immediate recovery. Current levels set immediate support at $0.24 and resistance near $0.53, with secondary markers at $0.09 and $0.68. Bears dominate, as technical signals lean bearish, with no clear uptrend in sight. Trading strategies focus on cautious long entries near support, emphasizing mindful risk management in case of a breakout. Conclusion HBAR , VET , and ENA are currently at crucial support levels. These levels are important as they could influence price moves in the mid-term. Monitoring these points may offer insights into potential buying or selling opportunities. If these support levels hold, more positive price action might follow. Failing to hold could lead to further declines. Keeping an eye on market trends and these key points is essential for making informed decisions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. crypto.news
