Crypto Breaking News

Bitcoin climbed to approximately $71,500 on April 7 after US President Donald Trump announced a two-week pause on planned military strikes against Iran, signalling potential de-escalation.

Coinbase expands in Australia after securing an AFSL from ASIC, launching crypto and equity perpetuals.

PIMCO's Multi-Asset Credit Strategist Lotfi Karoui said concerns building in direct building are a little related to rapid growth. The ongoing exodus from nontraded vehicles, which make up 60% of the sector's assets, and elevated leverage in their publicly-traded counterparts are key drivers of the credit grader's revision, according to a report Tuesday. The "disruptive force" presented by artificial intelligence is expected to compound the group's worries and put it "on defense" in the coming year, Moody's analysts wrote.  An abrupt reversal in the first quarter spurred the first ever net outflow for the sector, Moody's said. Before artificial intelligence advances set off alarm bells over the durability of software securities, the vehicles had experienced robust net inflows as recently as the third quarter of 2025.

Michael Gross, Co-Founder of SLR Capital Partners said pressure on business development companies are part of private credit's "growing pains." JPMorgan Chase & Co. is restricting some lending to private credit funds after marking down the value loans in their portfolios. At the same time, BDCs which lend directly to middle-market companies are seeing elevated redemption requests amid fear of loss related to oversized exposure to software firms disrupted by AI.  Besides equity from limited partners and public investors, private credit funds rely on banks for funds. They also raise debt in the investment-grade bond market.

Marathon Asset Management Chair and CEO Bruce Richards explains why he sees a correction in direct lending. Speaking on "Bloomberg The Close," Richards says software has the biggest problems in direct lending, expecting the default rate to go to 15% in that sector.

DoubleLine Capital Deputy CIO Jeffrey Sherman discusses the massive economic ramifications that could come from oil disruption, and how the oil market is 'doing the hiking for the Fed.' He talks with Romaine Bostick and Katie Greifeld on "The Close."

Rick Rieder, BlackRock's global fixed income CIO, discusses the state of financial markets, the economy and how he is investing amid the current global geopolitical uncertainty on "Bloomberg The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

The crew of Artemis II is on their way back to Earth after breaking the record for distance traveled by humans into deep space and viewing the far side of the moon. Ed Ludlow and Caroline Hyde discuss milestones and what comes next on "Bloomberg Tech."

The HumanX conference is underway, highlighting developments in AI. Wesley Chan, managing partner at FPV, discusses some of the nonobvious industries where startups are leveraging AI. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Council on Foreign Relations President Emeritus Richard Haass discusses Pakistan's role in brokering a deal between the United States and Iran ahead of Tuesday's deadline, the importance of reopening the Strait of Hormuz, and why there is still a lot of "space for diplomacy." He talks with Katie Greifeld and Romaine Bostick on "The Close."

Rick Rieder, BlackRock's global fixed income CIO, says geopolitical risks have caused a "period of stasis" in markets during an interview on "Bloomberg The Close."