NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Extend Gains as US-China Tariffs Take its Toll

Davit Babayan
Davit Babayan
1 year ago
2 mins read
bitcoin, gold, us china trade war

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin posted modest gains in its September debut as the US introduced additional tariffs of 15 percent on $112 billion of Chinese goods.

bitcoin, us china trade war
Bitcoin trending higher gradually | Image Credits: TradingView.com

The benchmark cryptocurrency added 0.20 percent to trade at $9,800 in early Monday morning, bringing its local net rebound up by as much as 5.8 percent – as measured from Friday’s low of $9,321.73. The first signs of a positive month followed three weeks of depression, wherein the bitcoin erased about $2,300 off its spot rate. Long traders called it a technical correction, but short sellers believe the reason for the downside was investors’ lack of interest. They did not treat bitcoin as a safe-haven asset against slowing economic growth.

“Bitcoin has again failed the safe-haven test,” said Peter Schiff, the CEO of Euro Pacific Management. “On Friday, as escalating trade tensions sent global stock markets plunging, investors sought refuge in monetary safe-havens. The Japanese yen, Swiss franc, and especially gold all moved higher. Bitcoin plunged by more than stocks.”

Bitcoin started moving higher in late Sunday session shortly after Argentina announced strict capital controls in an attempt to stabilize its dwindling economy. The cryptocurrency rose from $9,615 to $9,840 on a 4H timeframe, as noted on San Francisco-based Coinbase exchange. The sentiment flamed across the Monday session, with bitcoin holding majority of its earlier gains, and hinting to extend its weekend gains as US-China tariffs take its toll.

Global stocks start a tad lower to the week as new US-China tariffs add to global doom. China bucking the trend as factory activity unexpectedly expands in Aug, Markit factory PMI (50.4) shows. US mkts closed for Labor Day holiday. Bonds lower w/ US 10y at 1.5%. Bitcoin at $9.8k. pic.twitter.com/KJrXKaO4t6

— Holger Zschaepitz (@Schuldensuehner) September 2, 2019

Rival Assets Up, Stocks Down

Bitcoin’s rival asset Gold was also trading slightly higher following the European market open. Spot gold was up 0.2 percent to $1,522.17 per ounce as of 0920 UTC after falling to its one-week low of $1,517.12 in the last session. US Gold Futures were also up by 0.1 percent, trading at $1,531 an ounce.

bitcoin, gold
Bitcoin and Gold Recent Correlation | Image Credits: TradingView.com

Japanese Yen, another perceived safe-haven asset, chartered into a sideways territory after testing crucial support against the US dollar last Friday.

Hedging assets attracted capital as investors continue to lose confidence about a positive outcome from the ongoing trade conflict. The global stock market suffered on Monday, with MSCI’s All-Country World Index, which tracks equities across 47 countries, down by 0.1 percent.

“Despite the market’s sanguine take, we believe the ultimate outlook for the trade dispute has become harder to predict with confidence,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “Since trade tensions have become the major driving force for stocks, even greater than monetary policy, we advise against adding significantly to equity exposure – particularly for those who have an adequate strategic allocation.”

What’s Next for Bitcoin

Against what Schiff said, speculators are willing to trust bitcoin as a hedge against liquidity crisis. The assumption finds support in a string of catalysts that might push the cryptocurrency’s value up. That includes Bakkt, an Intercontinental Exchange-backed digital assets platform, which will start offering its daily and monthly physically-settled bitcoin futures – effectively from September 23 this year. Analysts think the launch would bring a flood of Wall Street investors into the cryptocurrency market.

Hashrate keep pouring in, yet another ATH set yesterday.

Bitcoin fundamentals keep strengthening.

Bakkt opening its doors for institutional money in 23 days.

The stage is set.

— hodlonaut 80 IQ 13%er 🌮⚡🔑 🐝 (@hodlonaut) August 31, 2019

Some naysayers think Bakkt is merely attracting more speculation into the bitcoin market – and that a cryptocurrency rally would fizzle upon the futures’ launch.

Think like a criminal 😎🤫

Regarding the #Bakkt news, expect the Crypto market to catch a bid, and run up hard.

Then on the day that #Bakkt actually goes live, there'll be a market selloff!! Again, Wall Street is best for breaking hearts, and stealing souls 😂😂😂

— SimplisticChartsJoe (SimplisticGainsLLC) (@CryptoChartsJoe) August 16, 2019

Tweet123Share217ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

Breakout or Breakdown? XRP $2.35 Test Could Decide Its Next Move

XRP is showing mixed signals across timeframes, leaving traders on edge as the price approaches the key $2.35 level. While...

Godspower Owie 4 hours ago

Ethereum raggiunge i 6 miliardi di dollari in fondi tokenizzati mentre i grandi investitori entrano in gioco.

La piattaforma di smart contract di Ethereum ha superato una soglia storica: secondo i dati condivisi da Token Terminal su...

clararosati 4 hours ago

Letni zastój na rynku Bitcoina? Niektóre wolumeny najniższe od lat

Dane on-chain pokazują, że wolumeny handlu Bitcoinem na rynku spot i rynku futures spadły do nowych minimów, mimo że cena...

newsbtc 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

Snaky Way Presale Live: AI Meme Coin $AKE Gears Up for Bull Run

Aaron Walker 1 hour ago
Solana

Solana’s Pump.Fun Loses Steam With Exit Scam Rumors, LetsBonk.Fun Claims 54% Of Total Market Share

Scott Matherson 2 hours ago
Trump

TRUMP Meme Coin Plants Flag On TRON Network—Details

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    44 minutes ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    2 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    3 hours ago
  • Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE), który zamieni 650 USD na 65 000 USD w ciągu 4 miesięcy

    Trendingowy alternatywny kryptowalut dla Dogecoin (DOGE)...

    3 hours ago
  • トランプ氏の貿易戦争懸念で注目集まる新しい仮想通貨、今買うべき銘柄は?

    ...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.