Trump's Trade Tariffs Trigger Crypto Market Plunge: Bitcoin and Ethereum See Sharp Declines
Cryptocurrency markets experienced a significant downturn after President Trump announced new import tariffs on multiple countries, with Bitcoin falling 4% to $95,800 and Ethereum dropping 17%. The announcement sparked fears of a global trade war, affecting both crypto and traditional markets with total crypto liquidations reaching $2.3 billion.
Trade War Tensions Spark Crypto Market Turmoil as Trump's Tariffs Hit Global Markets
President Trump's announcement of extensive tariffs targeting major economies triggered widespread cryptocurrency selloffs, with Bitcoin falling to $91,441 before partial recovery. The meme coin sector was particularly affected, while MicroStrategy's pause in Bitcoin purchases added to market pressure.
Bitcoin Plunges Below $91K Amid Global Market Turbulence and Trump Trade Tensions
Bitcoin experienced a dramatic 7% drop below $91,200, triggering over $200 billion in liquidations amid economic uncertainties and Trump's aggressive trade policies. Despite the downturn, institutional interest from sovereign entities and technical indicators suggest potential for recovery if market conditions stabilize.
Bankman-Fried's Parents Seek Trump Pardon Following 25-Year Sentence
Stanford professors Joseph Bankman and Barbara Fried are pursuing a presidential pardon from Donald Trump for their son Sam Bankman-Fried, who was recently sentenced to 25 years for FTX fraud. The effort follows Trump's pardon of Silk Road founder Ross Ulbricht and comes amid successful FTX bankruptcy proceedings.
Trump's Treasury Pick Scott Bessent Confirmed in Historic Senate Vote
Scott Bessent, a veteran hedge fund manager, becomes the first openly gay Cabinet member in a Republican administration after Senate confirmation. The new Treasury Secretary outlines ambitious economic goals while facing key challenges around debt, taxes and international relations.
Historic Confirmation: Bitcoin-Friendly Bessent Named Treasury Secretary
Scott Bessent secures Senate confirmation as the first openly gay U.S. Treasury Secretary with bipartisan support despite tax concerns. The former hedge fund manager faces critical challenges including Trump's expiring tax cuts, debt ceiling management, and ambitious trade policies.
Kraken's Donation to Ross Ulbricht Coincides with Discovery of $47M Bitcoin Fortune
Cryptocurrency exchange Kraken donates $111,111 in Bitcoin to support pardoned Silk Road founder Ross Ulbricht. The donation comes as dormant wallets containing 430 BTC worth $47M, potentially linked to Ulbricht, spark intrigue in the crypto community.
TRUMP Meme Coin Attracts Wave of First-Time Crypto Investors
A recent survey reveals that 42% of TRUMP meme coin investors are cryptocurrency newcomers, with the Solana-based token reaching a $14 billion market cap. The politically-charged token has sparked debate within the crypto community while generating record blockchain fees and substantial market inflows.
Market Excess: Hedge Fund Manager Warns of 'Fartcoin' Era in Crypto Trading
Greenlight Capital's David Einhorn raises concerns about speculative cryptocurrency trading, highlighting the $2 billion 'Fartcoin' phenomenon and Trump-related memecoins. His firm responds with strategic trades while warning about market rationality amid renewed optimism.
Trump's White House Return Triggers Historic Bitcoin Rally to $109K
Donald Trump's presidential comeback sparks unprecedented cryptocurrency surge as his administration signals strong support for digital assets. The launch of Trump-branded tokens and establishment of crypto ventures highlight a dramatic shift from skeptic to advocate, raising both market optimism and ethical concerns.