Author: Anthony M. Orbison
Trump’s ‘America First’ platform, which he built his successful campaign around, promised to reconfigure global trade in favour of the US. This involved encouraging businesses to manufacture domestically, bringing jobs, industry and prosperity back to parts of the country that liberalised trade and outsourcing left behind. The US had, or so the argument goes, become more and more reliant on competitively priced imports that were often manufactured by countries where labour and transportation is much cheaper. This led to the emergence of Rust Belt states in which blue collar workers saw their living standards decline whilst the cities they lived…
2024 will go down as one of the best years for the cryptocurrency market. Bitcoin (BTC) led a massive rally that pushed several assets to new peaks. BTC itself managed to rise to an all-time high of $109,114.88. This rise was due to several factors. This includes the halving event that took place earlier that year, followed by Donald Trump’s takeover as the 47th President of the United States. While the community hoped that BTC could witness a rise, the market was moving in a different direction. The king coin recorded a dip, pushing it below the $80,000 mark. Those…
Bitcoin (BTC) staged a sharp rebound after US President Donald Trump announced a pause on tariffs for non-retaliating countries, reigniting bullish momentum and raising hopes for a potential surge toward the $100,000 mark.On April 9, BTC/USD surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. In doing so, the pair came closer to validating a falling wedge pattern that has been forming on its daily chart since December 2024. A falling wedge pattern forms when the price trends lower inside a range defined by two converging, descending trendlines. In a perfect…
Today, China announced that it will increase tariffs on the goods it ships to the United States from 34% to 84% in response to President Trump stating that he will raise tariffs on the goods the U.S. ships to China to 104%. The increased Chinese tariffs on the U.S. will make it more costly for U.S.-based public Bitcoin mining companies to purchase ASICs (the premier machines used to mine bitcoin), the majority of which are produced in China. And this will be largely beneficial for the health of the Bitcoin mining ecosystem. As Troy Cross eloquently explained in “The Future…
According to a VanEck report, China and Russia have begun settling some trade transactions using Bitcoin. VanEck’s Head of Digital Assets Research, Matthew Sigel, reports that the two BRICS nations have already begun settling some energy transactions in Bitcoin and other digital assets. This comes as the Trump administration’s tariff policy has reignited global trade tensions.China and Russia have already worked on trade deals with one another without the US dollar. Now however, with economic concerns spreading worldwide, the two countries have attempted to ditch fiat altogether. Sigel also shared that Bolivia has announced plans to import electricity using crypto.…
US equities and crypto markets shifted dramatically on April 9 after US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6.While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds.Bitcoin 2-month futures annualized premium. Source: Laevitas.chThe BTC futures premium briefly rose above the neutral 5% threshold but failed to sustain its momentum. Investors were skeptical about…
New Show Release – “The Bitcoin Policy Hour” April 9, 2025 – Nashville, TN – Bitcoin Magazine, in collaboration with the Bitcoin Policy Institute (BPI), has officially launched a new weekly show titled The Bitcoin Policy Hour, a timely and incisive series focused on political economy, macroeconomic policy, and the evolving global financial order. The weekly show features BPI Executive Director Matthew Pines, Head of Policy Zack Shapiro, and Growth Associate Zack Cohen. With decades of combined experience in national security, regulatory affairs, and economic research, this trio brings a fresh and rigorous perspective to Bitcoin’s role in shaping the…
The United States economy is caught in an increased state of vulnerability after US President Trump announced sweeping tariffs to a host of trade partners. Indeed, it has subsequently threatened the nation’s currency, as one expert points to the reality that Bitcoin now has a greater chance of outlasting the US dollar.Specifically, Jeff Park, the head of Alpha strategies at Bitwise Invest, discussed the two currencies. Moreover, he noted that the currency situation could create a monumental shift that sees the leading cryptocurrency actually outlast the global reserve asset.Source: Watcher GuruAlso Read: Bitcoin May Get Boost as Chinese Yuan Devalues…
Mounting international trade tensions are rattling cryptocurrency markets — but they could also accelerate institutional crypto adoption, several industry executives told Cointelegraph. Since US President Donald Trump announced sweeping tariffs on US imports on April 2, core cryptocurrencies experienced double-digit price swings, worsening an ongoing market rout starting earlier this year. However, “[t]he silver lining is that economic uncertainty has historically accelerated institutional interest in digital assets as a diversification strategy,” David Siemer, co-founder and CEO of Wave Digital Assets, told Cointelegraph.Bitcoin has already shown “signs of resilience” amid the market turbulence, underscoring the cryptocurrency’s potential as a hedge against geopolitical disruption,…
Block announced it has released a new open source toolkit designed to help companies manage their Bitcoin treasury holdings more efficiently. The release includes a corporate Bitcoin holdings dashboard and a BTC-to-USD real-time price quote API, now available for all companies and developers via Block’s public GitHub repository under the Block Open Source initiative. As Bitcoin adoption grows among institutional treasuries, businesses are seeking better tools to track and report their holdings. Block’s new dashboard directly addresses these needs, offering real-time visibility, simplicity, and adaptability. The dashboard aims to help companies monitor the dollar value of their Bitcoin holdings through…