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Author: Admin | 2025-04-28
Delayed Quote USD (^GSPC) At close: February 27 at 4:52:03 PM EST ^GSPC ^DJI ^IXIC Tue, February 25, 2025 at 8:04 PM UTC Fed's Barkin prefers to 'wait and see' on rates Tue, February 25, 2025 at 7:00 PM UTC Bitcoin pullback is 'another chance' to buy, says Bernstein Bitcoin's (BTC-USD) tumble offers "another chance to enter" the crypto market, according to Bernstein analysts. "We don't believe, anything fundamental has broken in our structural view of the current Bitcoin cycle," wrote Bernstein's Gautam Chhugani and his team on Tuesday after the token broke below $90,000. "Long term, our mental model is simply a burgeoning 'digital gold' asset class, driven by accelerating institutional & sovereign demand," the analyst said. Bernstein forecasts bitcoin will reach a high closer to $200,000 over the next 12 months. “We view the current correction, as another opportunity to participate in this cycle,” Chhugani. As for crypto's sharp decline, the analysts said the bitcoin market "is following the broader equity risk sentiment driven by macro concerns around persistent higher rates, with fears of government turning deflationary with the DOGE program." CCC - CoinMarketCap USD (BTC-USD) As of 7:39:00 AM UTC. Market Open. Tue, February 25, 2025 at 6:31 PM UTC Crude oil on track for lowest close since December Oil prices slid on Tuesday as traders weighed a muddied demand outlook on global growth concerns. WTI crude oil fell over 2.5% to trade near $69 a barrel, its lowest level since Dec. 23 with the commodity on
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