Market volatility poses risk to $1 trillion Treasury basis trades. A potential blowup could trigger a global dash for cash.

Bitcoin shows strength as US equities markets open, but one analyst says a correction to $71,000 is still on the cards.

Bitcoin's 24/7 liquidity makes it a short-term risk proxy, reflecting its unique trading dynamics as noted by Michael Saylor.

Bitcoin broke below $80,000 as rattled investors braced for further carnage after Trump's tariffs raised global recession fears.

The Bitcoin market has shown itself to be a little bit positive in the early hours on Thursday, but it has given back most of those gains. Ultimately, this is a market that is going to remain all over the place, as risk appetite of course is going to be very erratic after these tariffs that were announced.

Bitcoin's price stability compared to stocks and the lack of large outflows from the spot BTC ETFs suggests that market participants could be accumulating.

According to a Crypto Finance report on Tuesday, the growing divergence between BTC and the rest of the market suggests continued defensive positioning within crypto. “Bitcoin dominance increased to 61.4%, underscoring a rotation toward BTC as the relatively more resilient asset during market stress,” says the report.

Despite bullish on-chain data, Bitcoin remains closely tied to macro liquidity trends and equity markets, particularly the S&P 500. As long as that correlation holds, BTC will be partially at the mercy of global monetary policy, risk sentiment, and ...