Flee – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 25 Jul 2025 17:28:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Flee – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Asia-Pacific Companies and Local Governments Sell $1,500,000,000,000 in Bonds As Investors Flee US Dollar Assets: Report https://earlybirdsinvest.com/asia-pacific-companies-and-local-governments-sell-1500000000000-in-bonds-as-investors-flee-us-dollar-assets-report/ https://earlybirdsinvest.com/asia-pacific-companies-and-local-governments-sell-1500000000000-in-bonds-as-investors-flee-us-dollar-assets-report/#respond Fri, 25 Jul 2025 17:28:50 +0000 https://earlybirdsinvest.com/asia-pacific-companies-and-local-governments-sell-1500000000000-in-bonds-as-investors-flee-us-dollar-assets-report/

Companies and non-sovereign issuers in the Asia-Pacific region have been hawking bonds at a record rate as investors look to move away from US dollar assets, according to a new Bloomberg report.

Non-sovereign issuers are non-federal bond issuers like local and regional governments and public agencies.

Bloomberg reports that Asia-Pacific companies and non-sovereign issuers have sold $1.5 trillion in local-currency bonds year-to-date, a record in that time frame. The sales represent a 6% increase.

Daniel Tan, a portfolio manager for global emerging markets at Grasshopper Asset Management, tells Bloomberg the number of bond buyers has surged in the second quarter of the year. 

“We are definitely seeing more buyers of local-currency Asian bonds than in pre-April. There are large inflows from pension and sovereign wealth funds looking to diversify away from US dollar assets.”

US President Donald Trump kicked off his wave of tariffs in April, spurring macroeconomic uncertainty.

Angus Hui, the deputy chief investment officer at the Singapore-based investment firm Fullerton Fund Management, tells Bloomberg that “diversification into broader Asian local currency markets is likely to accelerate.”

The Bloomberg Asia-Pacific Aggregate index, a multi-currency benchmark based on Asia-Pacific investment-grade bonds, has beaten the US-based bond metric, gaining 3.9% year-to-date compared to 3.5%, respectively.

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]]> https://earlybirdsinvest.com/asia-pacific-companies-and-local-governments-sell-1500000000000-in-bonds-as-investors-flee-us-dollar-assets-report/feed/ 0 49628 Why Is the Crypto Market Down Today? Bitcoin Drops to $82K as Traders Flee Risk Assets Amid Macro Worries https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/ https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/#respond Sun, 30 Mar 2025 08:51:22 +0000 https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/

Cryptocurrency prices have experienced a sharp decline over the last few hours, with bitcoin (BTC) now being down around 3% over the last 24 hours, while major altcoins including XRP, BNB, and SOL are down between 4% and 5% over the same period.

The broader cryptocurrency market, represented by the CoinDesk 20 Index (CD20), lost around 3.3% of its value over the period. The sharp drop brings BTC’s performance down 1.7% for the week, while CD20 is down nearly 5%.

Over the last 24 hours, over $300 million worth of long positions were liquidated on centralized cryptocurrency exchanges, while $38.8 million worth of shorts were liquidated on these platforms, according to CoinGlass data.

The drop appears to be part of a wider derisking move among traders, as investors are anticipating the impact of President Donald Trump’s reciprocal tariffs that are set to come into effect on April 2. The move heightened after core Personal Consumption Expenditures (PCE) data came in hotter than expected on Friday.

Just this week, consumer confidence data dipped further than expected, while the index for future expectations came in at a 12-year low, and well below levels associated with an incoming recession.

This confluence of factors has seen investors reduce their exposure to risk assets and triggered a flight to safety. CoinDesk Data’s latest stablecoin report shows that gold-backed cryptocurrencies have benefitted from the risk-off move, as their market capitalization climbed above $1.4 billion in March.

Gold-backed cryptocurrencies are, in fact, countering the market’s bearish trend. While the CD20 is down over 3% in the last 24-hour period, tokens including PAXG and XAUT are up 0.7% to over $3,100. These tokens are up more than 18% year-to-date, while BTC is down 12.5% and the CD20 index 28% so far this year.

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