Tag: Breaking

President Trump officially nominated Kevin Warsh on Friday to replace Jerome Powell as Chair of the Federal Reserve when his term expires in May 2026. Warsh, a former Fed governor and Morgan Stanley veteran, is historically viewed as a fiscal hawk, though he has recently aligned with Trump’s calls for lower interest rates. The nominee has a background in the digital asset space, having served as an advisor to Bitwise and an early investor in...

Precious metals faced a massive liquidation on Friday, with gold dropping as much as 8% to break below the $5,000 threshold and silver falling below $100 per ounce. The correction followed reports and subsequent confirmation of Kevin Warsh as the next Federal Reserve Chairman, sparking a sharp rebound in the U.S. dollar index. Analysts at Goldman Sachs and other institutions noted that heavy concentration in call options exacerbated the...

The Central Reserve Bank of El Salvador (BCR) purchased 9,298 troy ounces of gold, valued at approximately $50 million, to strengthen its international reserves. The acquisition brings the nation’s total gold holdings to 67,403 ounces, worth roughly $360 million at current market prices. Despite recent legal amendments making Bitcoin acceptance voluntary to satisfy IMF loan conditions, the government continues its 1 BTC per day...

Bitcoin (BTC) dropped approximately 5% within a 24-hour window, hitting a intraday low near $94,000. The decline coincides with reports of growing deadlock in the U.S. Senate regarding the much-anticipated crypto market structure bill. Traders point to a “sell-the-news” reaction and cooling spot ETF inflows as primary drivers for the sudden volatility. Bitcoin faced a sharp correction on Thursday, retreating from recent highs...

JPMorgan strategist Nikolaos Panigirtzoglou projects a theoretical gold price of $8,000 to $8,500 if private investor allocations rise from 3% to 4.6%. Gold prices hit a record high near $5,600 per ounce on Jan. 29, 2026, following a 10% surge over just four trading sessions. The rally is driven by central bank demand, geopolitical tensions in the Middle East, and a structural shift where gold replaces the bond portion of balanced...