Latest Bitcoin News
Market Response to Impending Tariffs
The cryptocurrency market is experiencing volatility as traders anticipate the impact of President Donald Trump's forthcoming tariffs, set to be implemented on Wednesday and Thursday. Bitcoin exhibited modest gains on Tuesday but remains in a precarious position. Analysts suggest that, depending on the tariff outcomes, Bitcoin could either rally to $88,000 or drop to $79,000, with a potential further decline to $73,000 if market reactions are negative. Despite current uncertainties, long-term prospects for Bitcoin remain positive.
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Trump Family's Foray into Bitcoin Mining
The Trump family has expanded its involvement in the cryptocurrency sector. Eric Trump and Donald Trump Jr. have partnered with Florida-based Hut 8 to establish a bitcoin mining venture named American Bitcoin. The initiative aims to create an efficient mining operation and build a substantial bitcoin reserve. Eric Trump will serve as the chief strategy officer, while Matt Prusak will assume the role of CEO. This move underscores the family's growing