$USDC 10.8% increase, likely due to a temporary 90-day suspension of tariffs imposed by the U.S. government, excluding major trading partners like Canada, Mexico, and China. However, investors remained cautious due to ongoing macroeconomic uncertainty and global trade tensions.
Bitcoin demonstrated remarkable independence from traditional markets. After a brief correction to $75,000, it recovered notably, surpassing $90,000 by the end of the month, affirming its resilience and value as a hedge against uncertainty. Additionally, Bitcoin spot exchange-traded funds (ETFs) experienced significant inflows, highlighting increasing investor interest.
In regulatory news, the United States saw several positive developments. The most notable was the Internal Revenue Service (IRS) canceling reporting obligations for decentralized finance (DeFi) platforms.
