Author: GT

A one kilogram gold bar at Gold Investments Ltd. bullion dealers arranged in London, UK, on Thursday, April 3, 2025. Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping “reciprocal” tariffs.Chris Ratcliffe | Bloomberg | Getty ImagesGold prices broke $3,400 on Monday, hitting a new record as President Donald Trump’s threats against the Federal Reserve’s independence and his tariffs shake investor confidence in the U.S. economy.Gold futures jumped about 2.69% to $3,418 per ounce by 8:20 a.m. ET on Monday, with investors buying the precious metal as the dollar…

Surging gold prices and bitcoin’s (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter’s role as “digital gold” — a big narrative in bitcoin’s early years but one that has lost steam in recent times. BTC zoomed above $87,000 in Asian morning hours, with Cardano’s ADA, BNB Chain’s BNB, XRP and ether (ETH) adding as much as 1.5%. The spike reversed all declines since Thursday, with tokens such as Solana’s SOL up 5.2% in the past week. The tariff-driven trade wars have sparked fears of inflation and currency devaluation, prompting comparisons of the…

Instagram is beginning to test the use of artificial intelligence to determine if kids are lying about their ages on the app, parent company Meta Platforms said on Monday.Meta has been using AI to determine people’s ages for some time, the company said, but photo and video-sharing app will now “proactively” look for teen accounts it suspects belong to teenagers even if they entered an inaccurate birthdate when they signed up. If it is determined that a user is misrepresenting their age, the account will automatically become a teen account, which has more restrictions than an adult account. Teen accounts…

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) recent range play resolved bullishly early Monday, shifting focus to the $90,000-$92,000 range, which was previously a strong support zone. The leading cryptocurrency by market value rose past $87,000, convincingly breaking out of a week-long consolidation between $83,000 and $86,000. The renewed willingness among the bulls to lead the price action indicates the resumption of the recovery from the April 7 lows under $75,000. It also means potential for a continued move higher to the $90,000-$92,000 range, which acted as the floor, arresting…

SAN FRANCISCO (AP) — As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago.Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been on a see-sawing ride that has eviscerated trillions of dollars in shareholder wealth amid an onslaught of tariffs and other potentially detrimental actions. It’s the polar opposite of what Apple CEO Tim Cook, Tesla CEO Elon Musk, Google CEO Sundar Pichai, Facebook founder Mark Zuckerberg and…

(Bloomberg) — Bitcoin (BTC-USD) rallied to its highest level since Donald Trump’s “Liberation Day” tariff announcements as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell. Most Read from Bloomberg The largest cryptocurrency by market value jumped about 3% to top $87,600 on Monday morning in Singapore, according to data compiled by Bloomberg. That erased most of the losses sustained since Trump’s April 2 reciprocal tariff announcement, which plunged global markets into turmoil. CCC – CoinMarketCap • USD As of 8:37:00 AM UTC. Market Open.   The rebound comes as the…

Bitcoin (BTC) outshined the otherwise volatile alternative cryptocurrencies early Monday as the dollar index crashed to a three-year low on reports that President Donald Trump is exploring ways to remove the Federal Reserve Chairman Jerome Powell. BTC rose over 2% to $87,200, hitting the highest since April 2, according to data source CoinDesk. The move marked a bullish resolution to the recent consolidation between $83,000 and $87,000. Major alternative cryptocurrencies such as payments-focused XRP, Ethereum’s ether and Cardano’s ADA rose over 1% each, lagging BTC. In FX markets, hedge funds sold the U.S. dollar against major currencies, including euro, yen…

NEW YORK (AP) — The second season of the Star Wars series “Andor” and the streaming release of the Wu Tang Clan’s latest album are some of the new television, films, music and games headed to a device near you.Also among the streaming offerings worth your time, as selected by The Associated Press’ entertainment journalists: Willie Nelson releases his 77th solo studio album, “Oh What A Beautiful World,” and the arrival of Nicole Kidman’s “Babygirl” on Max.New movies to stream from April 21-27– Halina Reijn’s “Babygirl” (streaming April 25 on Max) stars Nicole Kidman as a CEO who has an…

Bitcoin has surged over 33% since its April 2024 halving, where the block reward dropped from 6.25 BTC to 3.125 BTC. This mechanism, built into the Bitcoin network, is meant to reduce new supply and maintain scarcity. However, this time, the usual four-year market cycle seems to be shifting. Data shows that Bitcoin reached a new all-time high above $109,000 on Jan. 20, just 273 days after the halving. In previous cycles, it took significantly longer—546 days after the 2021 halving, and 518 days after the 2017 one. Several analysts point to institutional interest and the growth of Bitcoin ETFs…

One of the founders of startup accelerator Y Combinator offered unsparing criticism this weekend of the controversial data analytics company Palantir, leading a company executive to offer an extensive defense of Palantir’s work. The back-and-forth came after federal filings showed that U.S. Immigration and Customs Enforcement (ICE) — tasked with carrying out the Trump administration’s aggressive deportation strategy — is paying Palantir $30 million to create what it’s calling the Immigration Lifecycle Operating System, or ImmigrationOS, to help ICE decide who to target for deportation, as well as offering “near real-time visibility” into self-deportations. Y Combinator founder Paul Graham shared…