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Currencies

March

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Bitcoin relief rally at risk of ‘bull trap’ as uncertainty weighs

The world’s largest cryptocurrency climbed to a two-week high on Monday, but a lack of momentum and low volumes has some pundits concerned.

February

Bitcoin’s latest slump has again raised question marks.

Investors take profits on two of last year’s hottest trades

The heavy sell-down in bitcoin has dragged the cryptocurrency into a bear market, and gold tumbled after hitting a record. Here’s why.

Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal.

‘Meme coin mania is dead’: the rise and fall of the crypto fad

One month on from the launch of Donald Trump’s failed token, meme coin traders are facing a fresh scandal that could kill the hysteria once and for all.

The Australian dollar could go on a tear if the RBA holds fire.

$A set to soar if RBA holds fire on rates

The Australian dollar is already trading at a two-month high thanks to weak US data. What it does next will all come down to the central bank.

Michael Saylor has made a lot of money off Donald Trump’s pro-crypto strategy.

This bitcoin stock has soared 4000pc thanks to Trump

One hotelier’s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders in Japan.

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The rapid escalation in trade tensions has sent investors running for cover.

Trump’s trade war unleashes market chaos as shares, crypto sink

Investors have been wrong-footed by how quickly the US president has acted on his tariff threats, sending investors scrambling to deflect a hit to global growth.

January

Changpeng Zhao, former chief executive officer of Binance.

Crypto’s richest man turns firm into family office

Changpeng “CZ” Zhao, out of prison and worth more than $110 billion, is turning the former venture capital arm of his Binance Holdings into a family office.

Ethereum’s founder is trying to generate some momentum for its token.

Ethereum gets a Wall Street sales boost after token lags bitcoin

Ethererum was once a serious contender to challenge bitcoin’s status, but it has struggled to keep up with the Trump-fuelled crypto rally.

Citi says investors should buy up the Australian dollar.

Is it time for investors to pile back into the beaten-up $A?

Citi believes the US dollar is primed for a pullback given Donald Trump’s more measured approach to tariffs. That’s good news for the beaten-up Aussie dollar.

Donald Trump’s official token has made the president-elect significantly wealthier over the weekend.

Trump blesses meme coins for second coming as his wealth soars by $90b

The launch of an official Donald Trump token this week has made some traders very wealthy. The rally was stalled only by Melania Trump – who announced her own.

Bitcoin has rocketed since Donald Trump’s decisive election victory.

Crypto hedge funds had a great 2024, but failed to beat bitcoin

Hedge fund gains were paltry when compared with the advance notched by bitcoin, which surged 120 per cent to above $US100,000 for the first time.

Donald Trump’s ultra-loose fiscal policy has put a rocket under the US dollar.

Wall Street sees US dollar rally widen as Trump enters stage

Analysts are expecting to see a further rally in the greenback, creating havoc for currencies around the world including the Australian dollar.

Good luck to anyone trying to tip where the Australian dollar goes next.

Falling dollar a new spanner in the works for RBA, business

In case rising bond yields, jumpy economic data and Donald Trump haven’t made the RBA’s job hard enough, there’s another factor at play.

Donald Trump’s victory in November turbocharged the crypto market, sparking a record-breaking rally.

A crypto optimist’s guide for 2025

Cryptocurrencies such as bitcoin are now mature enough to survive and even to gain strength from regulatory repression.

December 2024

Traders watch Fed chairman Jerome Powell’s press conference in Washington.

Shares, dollar slammed after Fed walks back rate cut plans

The Australian dollar tumbled to a two-year low and investors sold off stocks after US policymakers predicted just two rate cuts in 2025 – fewer than the market hoped for.

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Bitcoin was hovering near $US106,000 on Tuesday.

Bitcoin tipped to hit $US180,000 within months

Bulls are defying calls for a pullback after Donald Trump reaffirmed his plan to create a strategic reserve, which analysts believe could trigger another rally.

Elon Musk

How to keep up with mainstream meme coin mania

The explosive rise of social media has already shifted the workings of politics and democracy. We are now seeing how it can move asset prices in digital assets.

Australian investors have been piling into crypto since Trump’s decisive election victory.

Bitcoin smashes through $US100,000 as traders eye ‘huge re-rating’

Investors believe the change in attitude towards cryptocurrencies still hasn’t been priced in, making Thursday’s milestone just the beginning.

A BitBase cryptocurrency exchange in Barcelona.

Squirrels, pigmy hippos: Crypto’s boom has gone too far

Memecoin tokens based on online viral moments outpaced bitcoin over the past month, but critics say they reflect market froth.

CBA slashed its forecasts for the Aussie dollar on Tuesday.

CBA warns $A to drop ‘materially’ in 2025

The threat of a renewed trade war under Donald Trump will keep the US dollar soaring into next year, wreaking havoc on the $A.

November 2024

Concerns about a US-China trade war have accelerated the Aussie dollar’s fall.

Trump trade war could smash Aussie dollar below US60¢

The Aussie hasn’t fallen below US60¢ – outside the pandemic – since 2003. But NAB has warned it “would not be surprised” to see that happen next year.

Bitcoin is climbing back toward the elusive $US100,000 price level.

Bitcoin’s wild ride towards $US100,000 – and why it matters

The flagship cryptocurrency has resumed its advance this week as investors took advantage of a sharp sell-off. Analysts say volatility is to be expected.

Donald Trump with his sons: the US dollar is among the biggest beneficiaries of the president-elect’s sweeping victory.

Crypto markets prepare for bitcoin’s $US100,000 milestone

The world’s No.1 cryptocurrency is within striking distance of history as America prepares for a digital asset-friendly Trump administration.

Donald Trump with his sons: The US dollar is among the biggest beneficiaries of the president-elect’s sweeping victory.

US dollar surge to wreak havoc on $A, commodities

The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.

Bitcoin’s rally is showing no signs of slowing down.

‘The chase is on’: Bitcoin tipped to hit $US100,000 within weeks

A record rally in the flagship cryptocurrency has ETF providers reporting huge inflows and exchanges enjoying frenetic activity.

Original URL: https://www.afr.com/markets/currencies