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Crynx
1 day ago
BREAKING:

America announces 245% tariffs on imports from China.
Crynx
4 days ago
๐Ÿ“… Big Week Ahead in Markets & Policy! ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ผ

Hereโ€™s what to watch:

๐Ÿ”น Monday:
- President Donald Trump is expected to reveal more details on semiconductor tariffsโ€”a hot topic for tech & trade watchers. ๐Ÿ’ป๐Ÿ“‰

๐Ÿ”น 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. ๐Ÿ›๏ธ๐Ÿ’ฌ

๐Ÿ”น Thursday:
- Fed Chair Jerome Powell takes the stage at the Chicago Economic Club. ๐Ÿ‘”๐Ÿ“ข
- Weekly jobless claims data (week ending Apr 12) dropsโ€”key labor market signal. ๐Ÿ“Š

๐Ÿ”น Friday:
- ๐Ÿ“ NYSE will be closed for the dayโ€”plan your trades accordingly! ๐Ÿ›‘๐Ÿ“ˆ

Stay tuned for a week full of market-moving moments!

#FinanceNews #FOMC #FederalReserve #Markets #Trump #Semiconductors #JeromePowell #NYSE #EconomicUpdates
Crynx
6 days ago
๐Ÿšจ๐Ÿ’ธ BYE BYE DOLLAR, HELLO GOLD?

Gold just broke records โ€” and it's no accident.

Sanctions, tariffs, & Trump-era chaos are cracking the dollarโ€™s hold.

Is #gold to become the world's new reserve currency?
Crynx
8 days ago
Bitcoin surges past $80K after Trump announces suspension of "reciprocal" tariffs on imports from 75 countries
CryptoBud
8 days ago
Bitcoin SURGES back over $80K as Trump puts a 90-day pause on tariffs (except for China).
Crynx
8 days ago
๐ŸšจBREAKING: Crypto and Stocks soar as President Trump says he has authorized a 90-day pause on tariffs.๐Ÿšจ

#crypto #stocks #tariffs #Trump
Crynx
8 days ago (E)
๐Ÿ”ด Crypto Crash Triggered by Trumpโ€™s 104% Tariffs on China?!

๐Ÿ‡บ๐Ÿ‡ธ 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.

๐Ÿ‡จ๐Ÿ‡ณ
These tariffs could heavily impact the markets, especially publicly traded crypto-related companies. For example, MicroStrategyโ€™s 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
Crynx
9 days ago
JUST IN: ๐ŸŸ  $115 billion VanEck on President Trump's tariffs:

"Bitcoin is evolving from a speculative asset into a functional monetary toolโ€”particularly in economies looking to bypass the dollar and reduce exposure to U.S.-led financial systems."
Crynx
10 days ago
โš ๏ธ Bitcoin Drops Below $80,000 โ€“ $1B in Liquidations

๐Ÿฉธ 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.

๐Ÿ”ฝ 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.

๐Ÿ“‰ 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
Crynx
17 days ago
MASSIVE WEEK AHEAD

๐Ÿ“… April 1 โ€“ ISM Manufacturing Data
๐Ÿ“… April 2 โ€“ Major Tariffs Announcement
๐Ÿ“… April 3 โ€“ Initial Jobless Claims Report
๐Ÿ“… April 4 โ€“ Fed Chair Powell Speaks @ SABEW Conference
๐Ÿ“… 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?
Crypto dairy
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 theyโ€™re 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 didnโ€™t 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
Crypto dairy
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, Trumpโ€™s 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 Bitcoinโ€™s volatility is President Trumpโ€™s proposed tariffs. Some analysts have theorized that they arenโ€™t the main cause, and thatโ€™s 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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