Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments

Altszn.com by Altszn.com
April 4, 2024
in Ethereum
0
Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter



Bitcoin (BTC) surged 5% on April 4, briefly topping $69,400, despite a wider market rout in US equities, showcasing its growing status as a safe haven asset.

As of press time, the flagship crypto was trading between $67,500 — giving up more than half its gains after the dollar index recovered from its decline earlier in the day.

Total liquidations stood at $199.2 million over the past 24 hours, with longs accounting for more than half at $109.4 million. Meanwhile, Bitcoin-related liquidations amounted to $67.3 million, with shorts making up $41.8 million.

Most altcoins failed to mirror Bitcoin’s recovery, with Ethereum (ETH) down roughly 1% on the day at $3,283, while Solana was down 2% and trading at $181.7 as of press time.

BNB showed relative strength and was trading at $587, up 5% over the past 24 hours.

Safe haven?

The decline in stock indices, with the S&P 500 and Nasdaq each retreating by nearly 1% from their session highs, was notably influenced by Minneapolis Federal Reserve Bank President Neel Kashkari’s remarks during a LinkedIn virtual event.

He expressed skepticism regarding the Fed’s pace of interest rate cuts amid persistent inflation, a viewpoint that deviated from the more optimistic tone previously set by Fed Chairman Jerome Powell regarding potential rate reductions within the year.

This divergence in perspectives within the Federal Reserve highlighted the ongoing debate over the best approach to tackling inflation while fostering economic growth, triggering a swift reaction in equity markets.

Meanwhile, Bitcoin’s climb served as a reminder of its perceived value as a digital safe haven among investors, especially during times of traditional market instability and monetary policy uncertainty.

The post Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments appeared first on CryptoSlate.



Read More: cryptoslate.com

Tags: BitcoinBloodbathCommentsCryptoEquitiesETHEthereumFedgainsmaintainsMinneapolis
ADVERTISEMENT

Recent

Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

May 13, 2025
Brave adds Cardano support

Brave adds Cardano support

May 13, 2025
Gate.io Redefines Investment Paradigm With Four Core Token Launch Engines

Gate.io Redefines Investment Paradigm With Four Core Token Launch Engines

May 13, 2025

Categories

  • Bitcoin (4,890)
  • Blockchain (11,484)
  • Crypto (9,425)
  • Dark Web (552)
  • DeFi (8,430)
  • Ethereum (4,943)
  • Metaverse (7,621)
  • Monero (291)
  • NFT (1,527)
  • Solana (5,061)
  • Web3 (20,820)
  • Zcash (508)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

    Cointelegraph and TheBlock. announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

    May 13, 2025
    Brave adds Cardano support

    Brave adds Cardano support

    May 13, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,614.00
    • ethereumEthereum (ETH) $ 2,547.55
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.54
    • bnbBNB (BNB) $ 656.52
    • solanaSolana (SOL) $ 174.30
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.228100
    • cardanoCardano (ADA) $ 0.804100
    • tronTRON (TRX) $ 0.266417
    • staked-etherLido Staked Ether (STETH) $ 2,540.75
    • suiSui (SUI) $ 4.00
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,577.00
    • chainlinkChainlink (LINK) $ 16.75
    • wrapped-stethWrapped stETH (WSTETH) $ 3,062.53
    • avalanche-2Avalanche (AVAX) $ 24.77
    • stellarStellar (XLM) $ 0.307678
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.210317
    • hyperliquidHyperliquid (HYPE) $ 25.28
    • the-open-networkToncoin (TON) $ 3.29
    • bitcoin-cashBitcoin Cash (BCH) $ 402.57
    • pi-networkPi Network (PI) $ 1.12
    • leo-tokenLEO Token (LEO) $ 8.61
    • litecoinLitecoin (LTC) $ 101.36
    • polkadotPolkadot (DOT) $ 5.03
    • usdsUSDS (USDS) $ 0.999801
    • wethWETH (WETH) $ 2,545.69
    • moneroMonero (XMR) $ 341.80
    • wrapped-eethWrapped eETH (WEETH) $ 2,715.11
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.75
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,584.00
    • whitebitWhiteBIT Coin (WBT) $ 30.11
    • uniswapUniswap (UNI) $ 6.80
    • bittensorBittensor (TAO) $ 457.41
    • nearNEAR Protocol (NEAR) $ 3.13
    • aptosAptos (APT) $ 5.78
    • daiDai (DAI) $ 0.999982
    • aaveAave (AAVE) $ 220.71
    • ondo-financeOndo (ONDO) $ 1.03
    • okbOKB (OKB) $ 54.18
    • kaspaKaspa (KAS) $ 0.121711
    • internet-computerInternet Computer (ICP) $ 5.67
    • ethereum-classicEthereum Classic (ETC) $ 19.77
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.100666
    • tokenize-xchangeTokenize Xchange (TKX) $ 34.80
    • bitcoinBitcoin (BTC) $ 103,614.00
    • ethereumEthereum (ETH) $ 2,547.55
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.54
    • bnbBNB (BNB) $ 656.52
    • solanaSolana (SOL) $ 174.30
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.228100
    • cardanoCardano (ADA) $ 0.804100
    • tronTRON (TRX) $ 0.266417
    • staked-etherLido Staked Ether (STETH) $ 2,540.75
    • suiSui (SUI) $ 4.00
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,577.00
    • chainlinkChainlink (LINK) $ 16.75
    • wrapped-stethWrapped stETH (WSTETH) $ 3,062.53
    • avalanche-2Avalanche (AVAX) $ 24.77
    • stellarStellar (XLM) $ 0.307678
    • shiba-inuShiba Inu (SHIB) $ 0.000016
    • hedera-hashgraphHedera (HBAR) $ 0.210317
    • hyperliquidHyperliquid (HYPE) $ 25.28
    • the-open-networkToncoin (TON) $ 3.29
    • bitcoin-cashBitcoin Cash (BCH) $ 402.57
    • pi-networkPi Network (PI) $ 1.12
    • leo-tokenLEO Token (LEO) $ 8.61
    • litecoinLitecoin (LTC) $ 101.36
    • polkadotPolkadot (DOT) $ 5.03
    • usdsUSDS (USDS) $ 0.999801
    • wethWETH (WETH) $ 2,545.69
    • moneroMonero (XMR) $ 341.80
    • wrapped-eethWrapped eETH (WEETH) $ 2,715.11
    • pepePepe (PEPE) $ 0.000014
    • bitget-tokenBitget Token (BGB) $ 4.75
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,584.00
    • whitebitWhiteBIT Coin (WBT) $ 30.11
    • uniswapUniswap (UNI) $ 6.80
    • bittensorBittensor (TAO) $ 457.41
    • nearNEAR Protocol (NEAR) $ 3.13
    • aptosAptos (APT) $ 5.78
    • daiDai (DAI) $ 0.999982
    • aaveAave (AAVE) $ 220.71
    • ondo-financeOndo (ONDO) $ 1.03
    • okbOKB (OKB) $ 54.18
    • kaspaKaspa (KAS) $ 0.121711
    • internet-computerInternet Computer (ICP) $ 5.67
    • ethereum-classicEthereum Classic (ETC) $ 19.77
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.100666
    • tokenize-xchangeTokenize Xchange (TKX) $ 34.80