Crypto traders lose nearly $1 billion as US-China trade war overshadows Trump’s crypto reserve initiative
US trade tensions with China and allies spark $500 billion crypto market plunge despite Trump’s crypto reserve plan.
Happy Tuesday!
The crypto market is reeling from a $500 billion plunge as escalating US-China trade tensions overshadow President Trump’s ambitious crypto reserve initiative. Amid the turmoil, Michael Saylor predicts Bitcoin’s meteoric rise to a potential $200 trillion market cap under Trump’s plan, while CryptoQuant’s CEO warns of crypto becoming a geopolitical tool. Meanwhile, Yuga Labs celebrates a regulatory win as the SEC concludes its investigation with no charges. Stay tuned for these stories and more in today’s edition!
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The global crypto market cap is $2.74 trillion, with a 24-hour volume of $178.18 billion. The price of Bitcoin is $82,724.37, and BTC market dominance is 59.9%. The price of Ethereum is $2,065.27, and ETH market dominance is 9.1%. The best-performing sector is Education, which gained 33%. The Crypto Fear & Greed Index is currently Extreme Fear (15).
Crypto traders lose nearly $1 billion as US-China trade war overshadows Trump’s crypto reserve initiative
US trade tensions with China and allies spark $500 billion crypto market plunge despite Trump’s crypto reserve plan.
📰 Top News
Saylor predicts Bitcoin’s monumental rise under Trump’s crypto initiative
Saylor envisions Bitcoin as a transformative asset with a potential $200 trillion market cap, advocating its inclusion in a US strategic reserve to bolster the crypto industry.
Crypto market is becoming a weapon of US warns CryptoQuant CEO
CryptoQuant CEO claims that projects aligned with US interests might gain advantages in the increasingly competitive global crypto market.
SEC concludes Yuga Labs, Bored Ape Yacht Club investigation with no charges
The SEC's decision marks a significant regulatory victory for Yuga Labs, indicating a shift in the agency's stance on NFTs as non-securities.
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