🚀 Crypto Daily Recap — April 3rd, 2025
Top stories & market highlights 🧵
$BTC $ETH $BNB
📈 Market Movers
Bitcoin Falls Below $82K Amid Tariff Concerns
BTC dropped below $82,000 as investors reacted to President Trump's announcement of new global tariffs, leading to a broader sell-off in risk assets.
Ethereum and BNB Also Decline
ETH and BNB followed suit, with ETH trading at $1,771.22 and BNB at $587.07, reflecting declines of 7% and 3% respectively over the past 24 hours.
🗞️ Industry Highlights
Stablecoin Legislation Advances Amid Debate
Crypto executives are lobbying Congress to allow stablecoin issuers to pay interest to token holders, as new legislation seeks to establish a regulatory framework for stablecoins.
Crypto Stocks Slide Following Tariff News
🌍 Macro Outlook
Analysts Predict Market Bottoming Before June
Despite current volatility, some analysts suggest a 70% chance of the crypto market finding its bottom before June, contingent on global tariff negotiations.
🔍 On-Chain Insights
Bitcoin's 'Digital Gold' Narrative Challenged
As traders move into traditional safe-haven assets like gold, Bitcoin's status as 'digital gold' faces scrutiny amid current market conditions.
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