Bitcoin Price Update: Still Holding Above $117K Bitcoin is maintaining its position around $117,000, holding steady after its recent all-time high. Despite minor pullbacks, the price remains resilient, thanks to strong support levels and continued bullish sentiment. Analysts note that consolidation at these highs often precedes a potential breakout. The current trading environment shows fewer…
Trump’s 30% Tariffs on EU and Mexico Shock Investors President Donald Trump has reignited trade war fears by proposing a sweeping 30% tariff on imports from the European Union and Mexico, scheduled to take effect on August 1. The announcement came despite widespread investor optimism that Trump would walk back earlier threats. Instead, the president…
Trump Tariffs Send Ripples Through Bitcoin and Crypto Markets The cryptocurrency market, known for its inherent volatility, once again found itself navigating turbulent waters following a significant geopolitical announcement. President Donald Trump’s decision to impose new, substantial tariffs on imports from Mexico and the European Union sent ripples across global financial markets, with the digital…
Bitcoin Rally: Short-Sellers Face Massive Losses Bitcoin’s recent powerful rally to unprecedented price levels delivered a crushing blow to short-selling traders, resulting in over $1 billion worth of short positions being forcibly closed within a single 24-hour period. Data from CoinGlass vividly illustrates this significant market event, showing that approximately 232,149 traders across the cryptocurrency…
Trump’s Tariffs Send Ripples Through Crypto Markets The cryptocurrency markets experienced a notable jolt following U.S. President Donald Trump’s announcement of hefty tariffs on 14 countries, including key economic partners like Japan, South Korea, Malaysia, Indonesia, and Kazakhstan, effective August 1. This significant geopolitical move immediately put pressure on crypto assets, reflecting the market’s sensitivity…
Bitcoin’s (BTC) rally has hit a wall at $104,000 as concerns over rising US tariffs ignite fresh inflation fears. The Federal Reserve shared an update on US tariffs, which could further contribute to the growing inflation rate already affecting the economy. With US tariffs update fueling fresh inflation concerns and Bitcoin (BTC) losing steam, FloppyPepe…
BTC +0.61% | ETH +0.54% | SOL +2.63% Introduction: Market Momentum Cools After Bullish Stretch The crypto market is entering a period of correction after weeks of gains, rattled by macroeconomic headwinds and rising tech competition. With Bitcoin and Ethereum facing pressure and newer tokens like XRP showing strength, investors are left reassessing their next moves. Here’s a breakdown…
The President’s trade war has recently escalated with the implementation of a 25% tariff on iPhones not assembled in the United States. This is an attempt to coerce Apple into shifting its manufacturing base to the US, a demand that poses significant challenges for the company. Apple has continuously leveraged a complex ecosystem of contract…
Prices for some electronics are reportedly beginning to rise as a result of tariffs. While shopping for Christmas gifts in May was once considered a somewhat unusual practice, the impact of tariffs on product prices means that consumers may be secretly shopping for electronics they plan to buy later in the fall. This shift in…
According to reports, U.S. President Donald Trump’s return to power has begun shifting global geopolitics for a second time. However, his impact is said to be not always manifesting in ways that benefit his ideological supporters. As noted by the New York Times, during the last populational and regional elections in Canada, Australia, Germany, Singapore,…
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