Bitcoin experienced a swift decline to $81,000 after reaching a peak of $88,000 amid President Trump’s recent tariff announcement. The Market initially reacted positively to a 10% baseline tariff on all imports, which was lower than expected. However, the situation shifted when Trump disclosed higher tariffs on specific countries, particularly affecting major trade partners like ...
Corporate Bitcoin treasuries have lost over $4 billion in value following President Trump’s tariffs, dropping their total worth to about $54.5 billion. This decline is impacting the share prices of publicly traded Bitcoin holders, with the Bitwise Bitcoin Standard Corporations ETF and Michael Saylor’s Strategy fund both experiencing losses exceeding 13%. The volatility of Bitcoin ...
Despite signs that the memecoin Market might be slowing down, successful cryptocurrency traders, known as “smart money,” are still pursuing quick profits from these speculative assets. Recent memecoin launches related to former President Donald Trump have disappointed some investors, leading to a cautious shift towards stablecoins. However, smart money traders remain open to taking risks ...
Bitcoin and other cryptocurrencies have been facing significant challenges recently, particularly due to high-profile endorsements from figures like US President Donald Trump and Argentine leader Javier Milei. Researchers suggest that this support has led to billions in losses for investors and has damaged the industry’s credibility. For instance, Milei’s praise for a new cryptocurrency, $LIBRA, ...
Elon Musk, once a strong advocate for combating climate change, is now closely aligning with Donald Trump’s administration, which has a pro-oil and crypto stance. Musk’s shift is notable considering his past efforts to promote electric vehicles and sustainability. His embrace of Bitcoin, despite its heavy environmental impact due to energy-intensive mining, raises concerns. The ...
The rise of cryptocurrency has become a crucial topic in America, especially with links to Donald Trump’s recent presidential campaign. Initially seen as a complicated digital currency system, understanding crypto is now essential to grasp the evolving political landscape. Trump has embraced this new financial frontier, enabling significant gains for himself and his supporters while ...
Cryptocurrency, often viewed as digital money without traditional backing, has become increasingly important in today’s economy. Understanding cryptocurrency is now essential to grasp the unfolding political and financial landscape, especially regarding the second Trump presidency. Trump has recognized the potential for profit in the crypto industry and has appointed supporters to key positions, raising concerns ...
In this overview of Trump’s engagement with cryptocurrency, the article highlights how his administration’s policies, particularly regarding tariffs and border security, may be misguidedly linked to the fentanyl crisis. Despite the claims of fentanyl trafficking from Canada and Mexico, evidence shows most seized fentanyl is held by American citizens. The article cites how cryptocurrency serves ...
World Liberty Financial, a decentralized finance initiative endorsed by Donald Trump and his family, has introduced a new stablecoin called USD1. This digital currency is pegged to the U.S. dollar and is backed by short-term U.S. government securities and cash equivalents. Set to launch on Ethereum and Binance Smart Chain, USD1 aims to offer reliable ...
World Liberty Financial, a decentralized finance venture supported by Donald Trump and his family, has announced the launch of its new stablecoin, USD1, pegged to the U.S. dollar. Set to operate on Ethereum and Binance Smart Chain, USD1 is backed by U.S. government treasuries and cash equivalents. Co-founder Zach Witkoff emphasized that this stablecoin offers ...
