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#PowellRemarks Recently, the most noteworthy thing about Bitcoin is that the U.S. government is considering establishing a national Bitcoin reserve, which is very beneficial for the long-term development of Bitcoin. There is a general optimistic attitude towards Bitcoin, believing that its position as digital gold and a safe-haven asset will be further strengthened. The most noteworthy viewpoint is that in times of economic uncertainty, Bitcoin performs more robustly compared to traditional markets, and the basis for this viewpoint is Bitcoin's anti-inflation properties and decentralization characteristics.
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$BTC Court halts Bitcoin acquisition for Genius Group—more regulatory hurdles for crypto adoption?
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#CryptoTariffDrop The recent crypto tariff drop is largely attributed to Donald Trump's tariff announcements, which sparked fears of a trade war and led to a sharp decline in cryptocurrency prices. The crypto market lost around $500 billion in reaction to Trump's tariff announcement, with Bitcoin dipping to around $83,700, down almost 10%. Key Factors Contributing to the Crypto Tariff Drop: Tariff Impact on Global Markets : Trump's tariffs on imported goods from Canada, Mexico, and China created volatility and uncertainty in risk assets, affecting crypto prices. Risk Sentiment : Economic uncertainty from tariffs pushed investors away from high-risk assets like cryptocurrencies. US Dollar Strengthening : Tariffs that strengthen the US dollar may put downward pressure on crypto prices, given the historical inverse relationship between the two. Mining Profitability : Tariffs on tech imports could impact mining profitability, while broader trade tensions may increase regulatory scrutiny on digital assets. The crypto market's reaction to tariff announcements highlights its growing sensitivity to macroeconomic policies.
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$BTC ZHAO “I have been providing advice to several countries, both formally and informally, to help develop regulatory frameworks for cryptocurrencies, and to promote the use of blockchain to improve government efficiency and expand blockchain to more areas beyond transactions. I think this work is very meaningful.”
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