|All Time High:|
|Market Cap: |
|The price of #BOND today is $5.23 USD.|
The lowest BOND price for this period was $0, the highest was $5.23, and the exact current price of one BOND crypto coin is $5.22540.
The all-time high BOND coin price was $173.
Use our custom price calculator to see the hypothetical price of BOND with market cap of BTC or other crypto coins.
|The code for BarnBridge crypto currency is #BOND. |
BarnBridge is 1.9 years old.
|The current market capitalization for BarnBridge is $51,105,453.|
BarnBridge is ranking downwards to #309 out of all coins, by market cap (and other factors).
|The trading volume is big during the past 24 hours for #BOND.|
Today's 24-hour trading volume across all exchanges for BarnBridge is $3,148,158.
|The circulating supply of BOND is 9,780,197 coins, which is 98% of the maximum coin supply.|
A highlight of BarnBridge is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|Note that there are multiple coins that share the code #BOND, and you can view them on our BOND disambiguation page.|
More BarnBridge (#BOND) News
|'Investors Are Running out of Havens' — Erratic Behavior in US Bon...
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed's 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- and 10-year notes indicates the chances of a deep U.S. recession have grown stronger, and recent reports say bond traders have been 'confronted with the wildest volatility of their careers.'2 Quarters of Negative GDP, Red-Hot Inflation, and Extremely Volatile T-Notes
At the end of July, after the second consecutive quarter of negative gross domestic product (GDP), a number of economists and market strategists stressed that the U.S. is in a recession. However, the Biden administration disagreed and the White House published an article which defines the start of a recession from the National Bureau of Economic Research's perspective. Additionally, red-hot inflation has been wreaking havoc on Americans, and market analysts believe that rising consumer prices also point to a recession in the United States.
One of the biggest signals, however, is the yield curve which measures long-term debt with short-term debt by monitoring two and 10-year Treasury note yields. Many analysts believe an inverted yield curve is one of the strongest signals that points to a recession. The inverted yield curve is unusual but not in 2022, as bond traders have been dealing with a cr...
|Bitcoin Price Drops 6% While Bond Yields Spike
The world's top cryptocurrency by market cap, Bitcoin, has hit the $18,000 mark and is still dropping. The crypto has dipped by 6% within the last 24 hours and more in the previous week.
BTC/USD breached the $19,000 triple bottom support when it crashed from $20,000 to $18,000, signaling a major selling sentiment among Investors.
Bitcoin Hits $18,000
There are several reasons for Bitcoin's bearish run, but most refer back to the Federal Reserve's aggressive approach to inflation.
Rising Bond Yields: the US 10-year bond yield has risen 3.25% since June, as sell-offs continue to increase. Investors are playing it safe as a result. Thus they are avoiding the more volatile assets like Bitcoin, which is putting more downward pressure on the digital asset's price. Fed's Hawkish Policies: Jerome Powell, head of the Federal Reserves, is staying true to his predecessor's aggressive approach to inflation, raising interest rates. It appears he is not about to slack off as he reiterated his goal of strengthening the dollar to fight inflation. At writing, the dollar has hit a 20-year high, adversely affecting the price of Bitcoin as well. And finally:
Nord Stream 1 Shutdown: Since Russia closed off the Nord Stream 1 pipeline, gas flow to Europe is on hold. This has scared the market and is causing Bitcoin trading to the tank. Tech Equities Are Equally Dropping
As the Fed continues to increase interest rates in hopes of building the dollar's strength, tech equities are equally affec...
|Bond King Jeffrey Gundlach Thinks BTC Could Sink to $10K
The American businessman and Founder of DoubleLine Capital LP - Jeffrey Gundlach - said that the current condition of the cryptocurrency market is 'clearly not positive.' Keeping this negative trend in mind, he believes bitcoin's price could plunge to $10,000.
BTC at $10K Wouldn't be a Surprise
In a recent interview for CNBC, the American billionaire known as the 'Bond-King' - Jeffrey Gundlach - outlined quite a bearish prediction for bitcoin's future valuation. According to him, the primary cryptocurrency's recent downfall has been happening at a rapid pace, and this trend could propel a further decline to $10,000:
'It looks like it's being liquidated, so I'm not bullish at $20,000 or $21,000 on bitcoin, I wouldn't be surprised at all if it went to $10,000.'
The digital asset market, similar to many traditional finance markets, has crashed in the past week. Bitcoin, for one, currently hovers around $22,000, trading far away from its levels at the beginning of 2022 and from its all-time high (nearly $70,000) registered in November last year.
In January 2021, Gundlach warned that BTC could represent a massive bubble because of its significant price swings. Back then, the asset was trading at $42,000 but crashed by nearly $12K in a matter of 24 hours:
'I don't like bitcoin here. I don't like things that are up on a stilt like that. Bitcoin, to me, is now sort of in bubble territory in terms of the way it's been acting.'
In the following months, the cryptocurrency overcame its i...
|Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic R...
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today's $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market indexes have seen record lows during the past two weeks. While many people hope the world's financial markets will see a turnaround, there are three major obstacles impeding the path to recovery.3 Factors That Will Impede the Global Economy's Healing Process
While many people are surprised by the economy floundering, a great number of individuals predicted the economic downfall following the stimulus measures leveraged to fight Covid-19. Presently, global markets are looking awful, as equities are falling in value, precious metals have slipped over the last month, and crypto markets have been a bloodbath during the past 30 days as well.
On Monday, May 9, 2022, it was a day many investors won't forget as the Nasdaq index slid by 4%, gold dropped by 2%, crude oil slipped by 7%, and the crypto economy shed 8% over the last 24 hours. Currently, there are three major reasons why the economy may continue to flounder until things start to change. The reasons include the ongoing war in Europe, the current Covid-19 outbreak in China, and U.S. bond market yields.
The Ukraine-Russia war
The first is simple to understand, war is not good for the economy except for firms like Raytheo...
|ECB to Cease Bond Purchases in Q3, Lagarde Says EU's Economic Rebo...
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank's president Christine Lagarde explained on Thursday the central bank's bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that inflation 'will remain high over the coming months.'European Central Bank Plans to End Asset Purchase Program in Q3
The eurozone is suffering from significant inflationary pressures as rising consumer prices are ravaging European Union (EU) residents. In March, data from the ECB had shown consumer prices skyrocketed to 7.5% and the ECB's president Christine Lagarde expected energy prices to 'stay higher for longer.' On April 14, members of the ECB met and then told the press that the central bank plans to cease its APP (asset purchase program) by the third quarter.
'At today's meeting the Governing Council judged that the incoming data since its last meeting reinforce its expectation that net asset purchases under the APP should be concluded in the third quarter,' the ECB disclosed to the press. After the APP ends, the bank is expected to start hiking the benchmark bank rate. However, in Lagarde's opinion, it will depend on what happens with the current Ukraine-Russia war.
The EU's economic improvement, Largade said 'will crucially depend on how the conflict evolves, on the impact of current sanctions, and on possible further measures.' The central ban...
|US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War E...
As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar's reserve currency status could be undermined. Moreover, there's also the possibility of crude oil prices reaching upwards of $250 per barrel, according to a top hedge fund manager.Ominous Inverted Yield Curve Sends Recession Signals, While the Dollar's Reserve Currency Status Is Questioned
On March 29, a closely observed bond market indicator flashed a signal that usually indicates the U.S. economy is due for a recession. The signal took place in Treasury bond markets as the spread between 2-year and 10-year Treasury notes inverted for the first time since 2019. The following day, the yield curve inverted once again as 2-year bonds reached 2.377% on Wednesday, and 10-year notes slid as low as 2.334%.
The inversion has taken place while inflation in the U.S. has been red hot and the Federal Reserve prepares to tighten monetary easing tactics and raise the benchmark bank rate. There's also been a number of reports in recent times that question whether or not the U.S. dollar could lose the fiat currency's reserve currency status. The Economist asks: 'Will dollar dominance give way to a multipolar system of currencies?' in a recent report, and the financial authors at Barron's and South China Morning Post (SCMP) ask the same...
|El Salvador's $1B Bitcoin Bond Offering Delayed: Will Wait for Fav...
Retail and institutional investors will have to wait further for the $1 billion Bitcoin Bonds as El Salvador has postponed its planned offering.
Amidst geopolitical turmoil, the country's Finance Minister Alejandro Zelaya said they would wait for favorable conditions in the financial market, and the hold-up be could be as late as September.
Unfavorable Market Conditions
The El Salvadorean central bank was previously scheduled to launch the long-awaited Bitcoin Bonds between March 15-20. However, Russia's invasion of Ukraine and its effects on Bitcoin's price led the government to change its course, as per the latest report by Reuters. In an interview with a local show, Zelaya was quoted saying,
'I think this is not the time. There are some moves on the planet. In May and June sometimes you can, but the market variables get different. After September, it is difficult to raise, unless you are previously funded, as in the case of Bitcoin Bond.'
President Nayib Bukele announced the 10-year Bitcoin 'volcano bond' in November last year. The $1 billion proceeds received from issuing these bonds will be directed towards backing the much-hyped 'Bitcoin city,' envisioned by the Bukele himself, that will be driven by the geothermal energy of a volcano near the Honduran border.
Even as El Salvador struggles to advance use-cases for Bitcoin, it has an ambitious roadmap that includes using the funds to purchase more Bitcoin and storing them in its reserves. As reported by CryptoPotato, Zel...
|The World's First Decentralized Bond Market Has Arrived
By 2021, Statista found that there were over nearly 6,000 cryptocurrencies in existence, a staggering increase from the handful of digital tokens in 2013. With the rapidly evolving and expanding cryptocurrency industry, It’s no wonder that the amount of tokens has been skyrocketing.
Alongside the rise in tokens, there has also been an acceleration in the number of investment platforms within the cryptocurrency ecosystem. Although there are many platforms, many come with issues, including lock-up periods, lack of transferability from platform-owned wallets, and large transaction costs. Additionally, being a liquidity provider in the Ethereum network, withdrawal fees can significantly take away from the profits investors are receiving.
As the industry continues to reach new heights, technology is adjusting and evolving to keep up with the changing needs of the market. One platform that is addressing some of these issues is SuperBonds, the very first DeFi bond market. It’s built on Solana, a blockchain that operates without the traditionally high fees.
Bonds allow investors to loan borrowers, like companies or a government, who use the cash towards funding their operations, while the investor receives interest on the investment. They are a popular investment choice, especially in traditional finance, as they are typically a low-risk option and return on average around 5% annually. They are commonly invested into diversified portfolios as they offset riskier investmen...