VanEck Bitcoin ETF(HODL.US)

VanEck Bitcoin ETF | 10-Q: FY2025 Q3 Revenue: USD 103.79 M

Interest rate cut expectations rise, global stock markets surge, the US dollar weakens, gold, silver, and oil collectively rise, and cryptocurrencies rebound

Affected by U.S. consumer data falling short of expectations and potential dovish candidates for the Federal Reserve chair, market expectations for interest rate cuts have risen, driving global stock markets higher and the dollar weaker. Uncertainty surrounding the Russia-Ukraine ceasefire agreement has triggered safe-haven demand, leading to increases in gold, silver, and oil prices, while cryptocurrencies have rebounded. U.S. stock index futures, European stock indices, and Asian stock indices have all risen, the dollar index has fallen, and spot gold, silver, and Brent crude oil have increased, with Bitcoin also rising. Traders expect the probability of a Federal Reserve rate cut next month to exceed 90%

The global trend of "de-dollarization" boosts the rise of precious metals and Bitcoin, analysts say gold prices could theoretically rise to $8,500

Global investors are accelerating their departure from the US dollar, turning to safe-haven assets such as gold and Bitcoin, leading to record highs for both asset classes recently. Analysts point out that if the gold holdings of central banks match their US dollar reserves, the price of gold could theoretically rise to $8,500. The current macroeconomic and geopolitical environment is extremely favorable for gold's performance, and it is expected that gold prices will continue to rise before 2026, challenging the $5,000 mark

The latest price of Bitcoin has risen by 2.68%, reported at $125,160.67

Bitcoin hits a historic high, up 2.4% to $125,671.25