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Donald Trump's merch caps will go up in price by 34% due to tariffsโbecause they're made in China ๐
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Bitcoin gets tossed around again! ๐
๐ฃ After Trump dropped a whopping new tariff of 104% on Chinaโproving tariffs can go above 100% if you really want to double the price out of thin airโBitcoin dipped to test $74K again. Overnight, it staged a comeback to $77K, but the rollercoaster isnโt over yet. ๐ข
With new tariffs kicking in today and China known for not backing down easily, expect more wild market moves and high volatility ahead. ๐
Hold on tight, crypto famโthis ride is far from smooth!
๐ฃ After Trump dropped a whopping new tariff of 104% on Chinaโproving tariffs can go above 100% if you really want to double the price out of thin airโBitcoin dipped to test $74K again. Overnight, it staged a comeback to $77K, but the rollercoaster isnโt over yet. ๐ข
With new tariffs kicking in today and China known for not backing down easily, expect more wild market moves and high volatility ahead. ๐
Hold on tight, crypto famโthis ride is far from smooth!
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Elon Musk's net worth has dropped below $300 billion for the first time since November 2024! ๐๐ฐ
On April 7, Tesla shares plunged (down 2.56% to $223.29), costing Musk $4.4 billion. Earlier, during the global market turmoil on April 3โ4, he lost another $31 billion. Total losses in 2025 have already reached a staggering $134.7 billion! ๐คท
Musk now ranks sixth among the world's richest people who have suffered the most from Trump-era policies. However, according to the Bloomberg Billionaires Index, he's still holding the top spot with $298 billion in his pocket. ๐ต
On April 7, Tesla shares plunged (down 2.56% to $223.29), costing Musk $4.4 billion. Earlier, during the global market turmoil on April 3โ4, he lost another $31 billion. Total losses in 2025 have already reached a staggering $134.7 billion! ๐คท
Musk now ranks sixth among the world's richest people who have suffered the most from Trump-era policies. However, according to the Bloomberg Billionaires Index, he's still holding the top spot with $298 billion in his pocket. ๐ต
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๐ Standard Chartered just dropped a super bullish forecast for XRP:
โช๏ธ $5.50 by end of 2025
โช๏ธ $8 by end of 2026
โช๏ธ $10.4 by end of 2027
โช๏ธ $12.5 by end of 2028
Why so bullish? ๐
โก๏ธ SEC leadership shake-up
โก๏ธ Corporate adoption for cross-border payments
โก๏ธ Mass tokenization on the XRPL blockchain
Looks like they believe XRP will moon before Trumpโs term ends ๐
โช๏ธ $5.50 by end of 2025
โช๏ธ $8 by end of 2026
โช๏ธ $10.4 by end of 2027
โช๏ธ $12.5 by end of 2028
Why so bullish? ๐
โก๏ธ SEC leadership shake-up
โก๏ธ Corporate adoption for cross-border payments
โก๏ธ Mass tokenization on the XRPL blockchain
Looks like they believe XRP will moon before Trumpโs term ends ๐
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๐ Around 25% of the total Bitcoin supply is currently sitting in the red, marking the highest level of unrealized losses since September 2024.
Back then, up to 30% of coins were underwater when Bitcoin was trading at around $54K.
Despite today's higher price levels, a significant portion of holders still face paper losses, underscoring the market's persistent volatility. ๐
Back then, up to 30% of coins were underwater when Bitcoin was trading at around $54K.
Despite today's higher price levels, a significant portion of holders still face paper losses, underscoring the market's persistent volatility. ๐
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๐ The probability of a Fed rate cut at the May 7 meeting is steadily increasingโthe lower the graph, the more likely a cut.
๐ต๏ธโโ๏ธ Most experts and analysts agree that the Federal Reserve will soon be forced to lower rates.
Stay tuned for potential shifts in monetary policy that could impact markets and economic strategy.๐
๐ต๏ธโโ๏ธ Most experts and analysts agree that the Federal Reserve will soon be forced to lower rates.
Stay tuned for potential shifts in monetary policy that could impact markets and economic strategy.๐
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๐จ๐ณ There's buzz online that China is selling off its massive U.S. Treasury bondsโworth around $760 billion (second only to Japan in holdings)โand buying Bitcoin instead! ๐๐ฐ
While details are scarce and these claims remain unverified, such a move would signal a major shift in global financial strategy. ๐
While details are scarce and these claims remain unverified, such a move would signal a major shift in global financial strategy. ๐
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๐ฅ Bitcoin Mining Profitability Hits 2024 Low!
๐ The Bitcoin Hashprice Index has dropped to $42 per PH/sโits lowest since September 2024. Falling Bitcoin prices coupled with a nearly 7% jump in network difficulty on April 6 have squeezed mining profits by about one-third compared to the autumn period during the U.S. presidential elections, when they were above $60. ๐
As Bitcoin flirted below $75K on Monday and last night, some large mining companies are now nearing break-even, with costs ranging from $17 to $50 per PH/s in Q4 2024 (TheMinerMag). At $42, revenues for some miners, especially those with high electricity costs or outdated equipment, are already below their operational costs. ๐ง
Remember, in 2021, hashprice peaked at over $3500 per PH/s per day. Todayโs harsh reality might spark further consolidation in the mining industry.
๐ The Bitcoin Hashprice Index has dropped to $42 per PH/sโits lowest since September 2024. Falling Bitcoin prices coupled with a nearly 7% jump in network difficulty on April 6 have squeezed mining profits by about one-third compared to the autumn period during the U.S. presidential elections, when they were above $60. ๐
As Bitcoin flirted below $75K on Monday and last night, some large mining companies are now nearing break-even, with costs ranging from $17 to $50 per PH/s in Q4 2024 (TheMinerMag). At $42, revenues for some miners, especially those with high electricity costs or outdated equipment, are already below their operational costs. ๐ง
Remember, in 2021, hashprice peaked at over $3500 per PH/s per day. Todayโs harsh reality might spark further consolidation in the mining industry.
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๐ณ MicroStrategy May Need to Sell Their BTC
According to an SEC 8-K filing, if Bitcoin prices keep falling, MicroStrategy could be forced to sell some of its BTC to meet debt obligations. ๐
This move would break Saylorโs famous promise of "never selling Bitcoin." ๐คท
While such a sale could have some unpleasant consequences, it's important to note that this risk disclosure is standard procedure. For now, thereโs no need to panicโjust another reminder of the volatile nature of crypto investments. Stay tuned for updates!
According to an SEC 8-K filing, if Bitcoin prices keep falling, MicroStrategy could be forced to sell some of its BTC to meet debt obligations. ๐
This move would break Saylorโs famous promise of "never selling Bitcoin." ๐คท
While such a sale could have some unpleasant consequences, it's important to note that this risk disclosure is standard procedure. For now, thereโs no need to panicโjust another reminder of the volatile nature of crypto investments. Stay tuned for updates!
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๐ฌ A wallet linked to World Liberty Financial (WLFI) just locked in major losses โ selling 5,471 ETH at $1,465 per coin.
๐ But thatโs just the beginningโฆ
They still hold 67,498 ETH bought at $3,259, sitting on a jaw-dropping $125M unrealized loss.
Guess thatโs what happens when your financial advisor is... Eric Trump ๐คทโโ๏ธ
๐ But thatโs just the beginningโฆ
They still hold 67,498 ETH bought at $3,259, sitting on a jaw-dropping $125M unrealized loss.
Guess thatโs what happens when your financial advisor is... Eric Trump ๐คทโโ๏ธ
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Bitcoin surged overnight to $83,500 after Donald Trump suspended additional tariffs for 90 days (for all countries except China). ๐
In contrast, tariffs on China were raised to 125% in response to China increasing its own tariffs by 84%โa counter to the U.S. raising tariffs to 104%. ๐
In short, China now faces a 125% rate, while the rest of the world, including the EU, will have only the base tariff rate of 10% during the 90-day period. ๐ฅ๐
In contrast, tariffs on China were raised to 125% in response to China increasing its own tariffs by 84%โa counter to the U.S. raising tariffs to 104%. ๐
In short, China now faces a 125% rate, while the rest of the world, including the EU, will have only the base tariff rate of 10% during the 90-day period. ๐ฅ๐
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๐จ Santiment Issues FOMO Warning
Following the US announcement of a 90-day tariff pause, trader sentiment has quickly turned bullish โ and crypto is reacting. ๐
A short-term rally may be in play as retail jumps inโฆ but Santiment warns of extreme FOMO in the market. ๐
Experts caution: donโt get swept up by hype tied to temporary news โ the tariff issue is still unresolved, and this could be a classic "kick the can down the road" moment.
Stay sharp. Donโt be exit liquidity. ๐ฌ
Following the US announcement of a 90-day tariff pause, trader sentiment has quickly turned bullish โ and crypto is reacting. ๐
A short-term rally may be in play as retail jumps inโฆ but Santiment warns of extreme FOMO in the market. ๐
Experts caution: donโt get swept up by hype tied to temporary news โ the tariff issue is still unresolved, and this could be a classic "kick the can down the road" moment.
Stay sharp. Donโt be exit liquidity. ๐ฌ
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๐ค Just 4 hours before announcing a 90-day pause on tariffs (excluding China), Donald Trump called it a โgreat time to buyโ โ and it was.
๐ The Nasdaq saw its biggest intraday jump since 2008, and the U.S. stock market added $4 trillion in 10 minutes after the news.
Now people are wondering โ was this all part of a master plan? If Trump crashed the market to buy low with his friends, only to pump it back up laterโฆ that would be some 4D chess ๐ง โ
But what about those on the losing side of this game? ๐คทโโ๏ธ
๐ The Nasdaq saw its biggest intraday jump since 2008, and the U.S. stock market added $4 trillion in 10 minutes after the news.
Now people are wondering โ was this all part of a master plan? If Trump crashed the market to buy low with his friends, only to pump it back up laterโฆ that would be some 4D chess ๐ง โ
But what about those on the losing side of this game? ๐คทโโ๏ธ
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Paul Atkins Appointed New SEC Chair ๐ฅ
๐บ๐ธ The U.S. Senate has confirmed Paul Atkins as the new Chairman of the SEC, replacing Gary Gensler, with a 52โ44 vote.
Appointed by Donald Trump, Atkins is seen as a pro-crypto figure and promises to make clear digital asset regulation a top priority.
A former SEC commissioner and fintech advisor, Atkins also pledged to roll back several regulatory approaches introduced under Gensler. ๐ช
Bullish news for crypto as the SEC leadership shifts toward a more industry-friendly stance. ๐
๐บ๐ธ The U.S. Senate has confirmed Paul Atkins as the new Chairman of the SEC, replacing Gary Gensler, with a 52โ44 vote.
Appointed by Donald Trump, Atkins is seen as a pro-crypto figure and promises to make clear digital asset regulation a top priority.
A former SEC commissioner and fintech advisor, Atkins also pledged to roll back several regulatory approaches introduced under Gensler. ๐ช
Bullish news for crypto as the SEC leadership shifts toward a more industry-friendly stance. ๐
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๐ช Bitcoin's Resilience: Comparing Market Corrections
The correction during the 2021 Bitcoin mining ban in China saw a massive -53% drop, while the current market dip due to Trump's tariff wars in 2025 has been a more modest -28%. ๐
Bitcoin is showing remarkable strength this time, with hodlers holding firm despite the ongoing volatility. ๐
Crypto market confidence is growing, as investors appear more resilient and less likely to panic.
The correction during the 2021 Bitcoin mining ban in China saw a massive -53% drop, while the current market dip due to Trump's tariff wars in 2025 has been a more modest -28%. ๐
Bitcoin is showing remarkable strength this time, with hodlers holding firm despite the ongoing volatility. ๐
Crypto market confidence is growing, as investors appear more resilient and less likely to panic.
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๐ River sends $1,000,000 Zimbabwean notes to clients โ as a reminder
Bitcoin company River is mailing out 1 million Zimbabwean dollar bills to its users โ not for spending, but as a symbolic reminder of fiat currency inflation. ๐ต
Zimbabwe experienced one of the worst cases of hyperinflation in the 2000s, repeatedly redenominating its currency as zeros piled up faster than the government could print them.
Riverโs message? Bitcoin doesnโt need more zeros โ it needs trust. ๐ค
Bitcoin company River is mailing out 1 million Zimbabwean dollar bills to its users โ not for spending, but as a symbolic reminder of fiat currency inflation. ๐ต
Zimbabwe experienced one of the worst cases of hyperinflation in the 2000s, repeatedly redenominating its currency as zeros piled up faster than the government could print them.
Riverโs message? Bitcoin doesnโt need more zeros โ it needs trust. ๐ค
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Crypto soothsayer
๐จ Justin Sun: FDT is Bankrupt! ๐ฅ Justin Sun claims that First Digital Trust (FDT) canโt return client funds and is de facto bankruptโyet still operates as a public trust in Hong Kong, posing risks to investors. ๐ผ Legal action incoming: Techteryx hasโฆ
โ๏ธ TRON founder Justin Sun is facing a defamation lawsuit from First Digital Trust after alleging the company was insolvent.
His claims briefly caused the FDUSD stablecoin to de-peg on April 3โbut it has since recovered.
๐ First Digital has filed a writ with the Hong Kong High Court, demanding:
โช๏ธAn injunction to stop Sun from making similar claims
โช๏ธA public retraction
โช๏ธDamages for harming its business and contracts
Despite legal threats, Sun has doubled down, accusing First Digital of fraud and calling for regulatory reform in Hong Kong.
A court date hasn't been set yet, but Sun says he "welcomes any legal process." ๐ฟ
His claims briefly caused the FDUSD stablecoin to de-peg on April 3โbut it has since recovered.
๐ First Digital has filed a writ with the Hong Kong High Court, demanding:
โช๏ธAn injunction to stop Sun from making similar claims
โช๏ธA public retraction
โช๏ธDamages for harming its business and contracts
Despite legal threats, Sun has doubled down, accusing First Digital of fraud and calling for regulatory reform in Hong Kong.
A court date hasn't been set yet, but Sun says he "welcomes any legal process." ๐ฟ
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๐ Cardano Founder Predicts $250K Bitcoin & Big Tech Embracing Stablecoins
Charles Hoskinson believes Bitcoin could skyrocket to $250,000 as early as this year, citing adoption growth, favorable regulation, and geopolitical shifts.
๐ฐ The Magnificent 7 (Apple, Amazon, etc.) may start using stablecoins once key U.S. legislation passes โ revolutionizing global payments.
He also expects the market to reignite in late summer, fueled by regulatory clarity and institutional momentum.
Long story short: crypto winter might be melting โ but patience is key. ๐๐
Charles Hoskinson believes Bitcoin could skyrocket to $250,000 as early as this year, citing adoption growth, favorable regulation, and geopolitical shifts.
๐ฐ The Magnificent 7 (Apple, Amazon, etc.) may start using stablecoins once key U.S. legislation passes โ revolutionizing global payments.
He also expects the market to reignite in late summer, fueled by regulatory clarity and institutional momentum.
Long story short: crypto winter might be melting โ but patience is key. ๐๐
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๐ Ethereum vs. Bitcoin: A Historical Comparison ๐
Since its inception in 2015, Ethereum has underperformed Bitcoin in 85% of its trading days. Despite its strong growth and innovation, Ethereum often lags behind Bitcoin in terms of market performance. ๐คท
This highlights Bitcoin's position as the dominant cryptocurrency, with Ethereum often trailing in terms of price action, although it remains a strong contender in the broader blockchain and smart contract ecosystem.
Since its inception in 2015, Ethereum has underperformed Bitcoin in 85% of its trading days. Despite its strong growth and innovation, Ethereum often lags behind Bitcoin in terms of market performance. ๐คท
This highlights Bitcoin's position as the dominant cryptocurrency, with Ethereum often trailing in terms of price action, although it remains a strong contender in the broader blockchain and smart contract ecosystem.
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