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Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’?

CoinGape LogoCoinGape1d ago

Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’? - CoinGape

Quick Summary:

Bitcoin price has moved into a local bear market after reaching an all-time high of $109,300 in January.

It has dropped by 22% as investors remain concerned about Donald Trump’s tariffs.

To some extent, Bitcoin is better than gold since it has a fixed supply cap and is seeing more adoption by companies like MetaPlanet, Grayscale, Trump Media, and Tesla.

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Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’? - CoinGape (Picture 1)Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’? - CoinGape (Picture 2)

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 14:03:27 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 46 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27542633

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’?" has 517 words across 46 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Can Bitcoin Price Retest 109K ATH as Bloomberg Warns of ‘Grim Fiscal Reckoning’?" was covered 1 days ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 23 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27542633
  • URL: https://beamstart.com/news/can-bitcoin-price-retest-109k-17436029227213

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