Tags: Donald Trump

Crypto traders are patiently waiting for markets to move as the US President takes a swipe at the central bank chair. 

Retail investors remain focused on momentum while whales accumulate amid macro and market uncertainty.

Last week’s tariff disruptions led to record outflows in digital assets, with Bitcoin suffering the largest losses.

Trump pardoned the BitMEX founders on March 28 and Silk Road founder Ross Ulbricht on January 21. There may be more in store for the crypto sector’s bad boys.

Trump signed a bill overturning the IRS DeFi Broker Rule, halting expanded tax reporting requirements for decentralized crypto platforms.

China’s tariffs remain in place, however, and have been increased to 125%.

A shift to easing by the Fed could spark a crypto rally, while a hawkish stance may suppress risk assets.

Trump is waiting to hear from China before the tariffs take effect, though negotiations with the country are not being prioritized, other admin officials say.

BTC shot up above $81,000 but retraced almost immediately.

Experts warn that rising inflation concerns and the Fed’s current policy stance could delay Bitcoin’s recovery.

Elon Musk is seemingly distancing himself from some of the policies of the Trump administration regarding tariffs.

Bitcoin drops below $80,000, triggering a liquidation cascade of around $600 million in hours.

Hours before the announcement, investors rushed to move their assets to exchanges in preparation for sales due to economic uncertainty.

Friday has arrived again, which means another batch of Bitcoin options is due to expire. Meanwhile, spot markets have been reeling from Trump’s reciprocal tariff announcement this week. 

The SEC is facing mounting pressure to disclose all communications with Trump’s family regarding regulatory treatment of their crypto venture.

Digital asset markets have taken a massive hit following the US President’s rollout of global trade tariffs. 

BTC jumped toward $87,000 for the first time in almost a week.

American Bitcoin, previously American Data Centers, has appointed Mike Ho, Matt Prusak, and Eric Trump to key executive roles.

FTX’s creditor payments begin in May 2025, as BitMEX’s leadership, including Arthur Hayes, receives clemency after legal battles.