Bitcoin slipped below $80K as President Trump proposed tariff-free trade for Canada in exchange for statehood, following a 50% tariff on Canadian steel and aluminum. Ripple’s legal battle with the SEC is nearing resolution. Arthur Hayes predicted a Bitcoin bottom at $70K before a strong bull market resumes. In a major victory for crypto, Congress overturned IRS crypto regulations. Lastly, markets rebounded as inflation cooled, with Trump expressing confidence in further gains despite ongoing economic adjustments.
Trump Proposes Tariff-Free Trade for Canada in Exchange for Statehood, BTC Slides Below $80K
President Donald Trump announced a 50% tariff on Canadian steel and aluminum imports, combining a 25% duty on.… read more.
Editor’s comment: Many believe tariffs are one of the chief reasons markets have fallen. While they certainly have contributed, I think there are other factors that are just as important.
SEC vs Ripple: XRP Lawsuit Wrapping up as Negotiations Reach Final Stage—Report
Ripple’s high-stakes legal battle with the SEC may soon end, as negotiations reportedly center on vacating a key… read more.
Editor’s comment: Once this lawsuit is finally resolved, I believe impediments for a spot XRP ETF are mostly gone.
Arthur Hayes Predicts Bitcoin Bottom at $70K, Sees Strong Bull Market Ahead
Bitcoin could drop to $70,000 before its next rally, Arthur Hayes predicts, emphasizing patience. He warns of… read more.
Editor’s comment: I interviewed Mr. Hayes this week. I found his thesis for the remainder of the year compelling.
Congress Torches IRS Crypto Rules in Major Win for Digital Assets
Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that… read more.
Editor’s comment: The price action doesn’t reflect it, but it’s important to remember that crypto is getting many wins on regulatory and legislative fronts. This is yet another positive development for crypto.
‘Markets Are Gonna Soar’: Trump Shows Confidence as Inflation Cools and Stocks Rise
Equities and cryptocurrency markets rebounded following a sharp downturn earlier in the week, fueled by signs… read more.
Editor’s comment: Trump and his administration will be happy about inflation decreasing, but I still think they want to front load more “medicine” for the market.
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