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Stock impact report

Bitcoin Heads for Worst Month Since Crypto Collapse of June 2022 [Yahoo! Finance Canada]

Bitdeer Technologies Group - Ordinary Shares (BTDR) 
“President Trump's decision to raise global tariffs to 15% rattled risk assets broadly, and Bitcoin moved with them,” said Rachael Lucas, crypto analyst at BTC Markets. “Despite the ‘digital gold' narrative, Bitcoin continues to trade as a risk asset. When macro fear spikes, capital rotates toward traditional safe havens. Bitcoin is not there yet.” Since a massive selloff four months ago, risk-off sentiment has plagued the crypto market, and Bitcoin has broken through multiple key support levels. “Bitcoin remains under pressure as investors struggle to identify meaningful near-term catalysts to drive prices higher,” said Pratik Kala, a portfolio manager at Australia-based hedge fund Apollo Crypto. Kala emphasized the strain on miners, pointing to a decision from Bitdeer Technologies to liquidate all of its Bitcoin. “With the average all-in cost of mining Bitcoin around $80,000, many are operating below breakeven and are likely to remain net sellers for the foreseeable future,” Show less Read more
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