4 days ago
๐
Big Week Ahead in Markets & Policy! ๐บ๐ธ๐ผ
Hereโs what to watch:
๐น Monday:
- President Donald Trump is expected to reveal more details on semiconductor tariffsโa hot topic for tech & trade watchers. ๐ป๐
๐น Tuesday: A Fed-heavy day!
- Patrick Harker (2026 FOMC voter, Philly Fed) talks Fed roles.
- Raphael Bostic (2027 FOMC voter, Atlanta Fed) weighs in on monetary policy. ๐๏ธ๐ฌ
๐น Thursday:
- Fed Chair Jerome Powell takes the stage at the Chicago Economic Club. ๐๐ข
- Weekly jobless claims data (week ending Apr 12) dropsโkey labor market signal. ๐
๐น Friday:
- ๐ NYSE will be closed for the dayโplan your trades accordingly! ๐๐
Stay tuned for a week full of market-moving moments!
#FinanceNews #FOMC #FederalReserve #Markets #Trump #Semiconductors #JeromePowell #NYSE #EconomicUpdates
Hereโs what to watch:
๐น Monday:
- President Donald Trump is expected to reveal more details on semiconductor tariffsโa hot topic for tech & trade watchers. ๐ป๐
๐น Tuesday: A Fed-heavy day!
- Patrick Harker (2026 FOMC voter, Philly Fed) talks Fed roles.
- Raphael Bostic (2027 FOMC voter, Atlanta Fed) weighs in on monetary policy. ๐๏ธ๐ฌ
๐น Thursday:
- Fed Chair Jerome Powell takes the stage at the Chicago Economic Club. ๐๐ข
- Weekly jobless claims data (week ending Apr 12) dropsโkey labor market signal. ๐
๐น Friday:
- ๐ NYSE will be closed for the dayโplan your trades accordingly! ๐๐
Stay tuned for a week full of market-moving moments!
#FinanceNews #FOMC #FederalReserve #Markets #Trump #Semiconductors #JeromePowell #NYSE #EconomicUpdates
8 days ago
Bitcoin surges past $80K after Trump announces suspension of "reciprocal" tariffs on imports from 75 countries
8 days ago
8 days ago
(E)
๐ด Crypto Crash Triggered by Trumpโs 104% Tariffs on China?!
๐บ๐ธ The White House has confirmed the implementation of 104% tariffs on China, which appears to have triggered a significant downturn in the crypto market. After briefly spiking to $79,000, Bitcoin dropped to $76,000, leading to $300M in liquidations across the crypto space.
๐จ๐ณ
These tariffs could heavily impact the markets, especially publicly traded crypto-related companies. For example, MicroStrategyโs stock has dropped over 11%, while #coinbase , Robinhood, and major Bitcoin mining firms have seen declines of around 5%. This might just be the beginning of further downside.
#china #Cryptocrash #WhiteHouse #bitcoin
๐บ๐ธ The White House has confirmed the implementation of 104% tariffs on China, which appears to have triggered a significant downturn in the crypto market. After briefly spiking to $79,000, Bitcoin dropped to $76,000, leading to $300M in liquidations across the crypto space.
๐จ๐ณ
These tariffs could heavily impact the markets, especially publicly traded crypto-related companies. For example, MicroStrategyโs stock has dropped over 11%, while #coinbase , Robinhood, and major Bitcoin mining firms have seen declines of around 5%. This might just be the beginning of further downside.
#china #Cryptocrash #WhiteHouse #bitcoin
9 days ago
JUST IN: ๐ $115 billion VanEck on President Trump's tariffs:
"Bitcoin is evolving from a speculative asset into a functional monetary toolโparticularly in economies looking to bypass the dollar and reduce exposure to U.S.-led financial systems."
"Bitcoin is evolving from a speculative asset into a functional monetary toolโparticularly in economies looking to bypass the dollar and reduce exposure to U.S.-led financial systems."
10 days ago
โ ๏ธ Bitcoin Drops Below $80,000 โ $1B in Liquidations
๐ฉธ Bitcoin fell below the $80,000 mark on Sunday, triggering nearly $1 billion in liquidations. The drop came amid rising inflation concerns and overall weakness in global financial markets.
๐ฝ Roughly $885 million of the liquidations were from long positions, with over 321,000 traders liquidated in a single day. The broader crypto market saw a 2.45% decline, while Bitcoin still dominates with 62% market share.
๐ Meanwhile, the announcement of Trump-era tariffs wiped out $8.2 trillion from the stock market, surpassing losses seen in the worst week of the 2008 financial crisis.
#bitcoin #Liquidation #BitcoinLiquidation
๐ฉธ Bitcoin fell below the $80,000 mark on Sunday, triggering nearly $1 billion in liquidations. The drop came amid rising inflation concerns and overall weakness in global financial markets.
๐ฝ Roughly $885 million of the liquidations were from long positions, with over 321,000 traders liquidated in a single day. The broader crypto market saw a 2.45% decline, while Bitcoin still dominates with 62% market share.
๐ Meanwhile, the announcement of Trump-era tariffs wiped out $8.2 trillion from the stock market, surpassing losses seen in the worst week of the 2008 financial crisis.
#bitcoin #Liquidation #BitcoinLiquidation
17 days ago
MASSIVE WEEK AHEAD
๐ April 1 โ ISM Manufacturing Data
๐ April 2 โ Major Tariffs Announcement
๐ April 3 โ Initial Jobless Claims Report
๐ April 4 โ Fed Chair Powell Speaks @ SABEW Conference
๐ April 4 โ U.S. Unemployment Data Release
With economic indicators in focus, traders are on high alert.
If the data leans bullish, could we see the next big market rally?
๐ April 1 โ ISM Manufacturing Data
๐ April 2 โ Major Tariffs Announcement
๐ April 3 โ Initial Jobless Claims Report
๐ April 4 โ Fed Chair Powell Speaks @ SABEW Conference
๐ April 4 โ U.S. Unemployment Data Release
With economic indicators in focus, traders are on high alert.
If the data leans bullish, could we see the next big market rally?
1 month ago
BREAKING: White House Rejects Cryptocurrency Transaction Tax Proposal
David Sacks, the White House crypto and AI czar, has rejected the idea of taxing every cryptocurrency transaction to strengthen the U.S. strategic Bitcoin reserve and digital asset holdings.
On a recent episode of the All In podcast, host Jason Calacanis proposed a 0.01% tax on each crypto transaction, to be paid in the asset being transferred, purchased, or sold.
Sacks expressed doubts, pointing out that taxes often begin small but tend to grow over time. He cited the U.S. income tax, which started with a limited scope but later expanded to affect far more people.
Sacks voiced concerns about the potential strain of new taxes, even if theyโre initially presented as minor. Crypto investors also criticized the idea, especially the prospect of taxing transfers between wallets owned by the same person.
The White House Crypto Summit held recently didnโt delve into specific tax proposals, though the Trump administration has signaled interest in broad federal tax reform.
President Donald Trump has floated the idea of abolishing the federal income tax, favoring tariffs on imported goods as a revenue source instead. He highlighted the 19th century, when tariffs alone funded the U.S. government, as a time of notable economic success. U.S. Commerce Secretary Howard Lutnick backed this plan, proposing to replace the Internal Revenue Service (IRS) with an 'External Revenue Service.'
#cryptocurrency #Tax #Cryptotax #WhiteHouse #bitcoinreserve
David Sacks, the White House crypto and AI czar, has rejected the idea of taxing every cryptocurrency transaction to strengthen the U.S. strategic Bitcoin reserve and digital asset holdings.
On a recent episode of the All In podcast, host Jason Calacanis proposed a 0.01% tax on each crypto transaction, to be paid in the asset being transferred, purchased, or sold.
Sacks expressed doubts, pointing out that taxes often begin small but tend to grow over time. He cited the U.S. income tax, which started with a limited scope but later expanded to affect far more people.
Sacks voiced concerns about the potential strain of new taxes, even if theyโre initially presented as minor. Crypto investors also criticized the idea, especially the prospect of taxing transfers between wallets owned by the same person.
The White House Crypto Summit held recently didnโt delve into specific tax proposals, though the Trump administration has signaled interest in broad federal tax reform.
President Donald Trump has floated the idea of abolishing the federal income tax, favoring tariffs on imported goods as a revenue source instead. He highlighted the 19th century, when tariffs alone funded the U.S. government, as a time of notable economic success. U.S. Commerce Secretary Howard Lutnick backed this plan, proposing to replace the Internal Revenue Service (IRS) with an 'External Revenue Service.'
#cryptocurrency #Tax #Cryptotax #WhiteHouse #bitcoinreserve
1 month ago
Bitcoin's weekend gains vanished as the Federal Reserve warned of a potential recession.
Bitcoin Drops 10% As Recession Seems Near
The price of Bitcoin has shown extreme volatility over the past few days. Last week, the Crypto Fear and Greed Index hit its lowest level since 2022, and Bitcoin looked very bearish due to several key factors.
Yesterday, Trump announced a crypto reserve that caused token prices to pump. However, that forward momentum has completely vanished today.
There are a few reasons that Bitcoin is looking so bearish right now. Essentially, Trumpโs announcement may have only slapped a bandage on a very serious wound.
Last week, Bitcoin ETFs had their worst week ever, with $2.7 billion in outflows, as the Federal Reserve Bank of Atlanta predicted a 1.5% GDP decrease. Today, it has become even more pessimistic.
The Fed is now predicting that the US GDP will shrink 2.8% by the end of Q1 2025. From an economic perspective, this is apocalyptic compared to its predictions four weeks ago, which showed 3.9% growth.
Another important factor contributing to Bitcoinโs volatility is President Trumpโs proposed tariffs. Some analysts have theorized that they arenโt the main cause, and thatโs probably true.
However, the crypto market crashed when Trump recently announced 25% tariffs on the EU, joining ones on Canada, Mexico, and China.
If the US economy enters a recession, however, the downsides of that integration will fully reveal themselves.
#bitcoin #CryptoReserve #crypto #Trump #recession #USGDP #FED #bearish #Cryptocrash
Bitcoin Drops 10% As Recession Seems Near
The price of Bitcoin has shown extreme volatility over the past few days. Last week, the Crypto Fear and Greed Index hit its lowest level since 2022, and Bitcoin looked very bearish due to several key factors.
Yesterday, Trump announced a crypto reserve that caused token prices to pump. However, that forward momentum has completely vanished today.
There are a few reasons that Bitcoin is looking so bearish right now. Essentially, Trumpโs announcement may have only slapped a bandage on a very serious wound.
Last week, Bitcoin ETFs had their worst week ever, with $2.7 billion in outflows, as the Federal Reserve Bank of Atlanta predicted a 1.5% GDP decrease. Today, it has become even more pessimistic.
The Fed is now predicting that the US GDP will shrink 2.8% by the end of Q1 2025. From an economic perspective, this is apocalyptic compared to its predictions four weeks ago, which showed 3.9% growth.
Another important factor contributing to Bitcoinโs volatility is President Trumpโs proposed tariffs. Some analysts have theorized that they arenโt the main cause, and thatโs probably true.
However, the crypto market crashed when Trump recently announced 25% tariffs on the EU, joining ones on Canada, Mexico, and China.
If the US economy enters a recession, however, the downsides of that integration will fully reveal themselves.
#bitcoin #CryptoReserve #crypto #Trump #recession #USGDP #FED #bearish #Cryptocrash
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10 months ago