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Bitcoin Surges as Trump Considers Cutting Tariffs on Chinese Imports In the past 24 hours, Bitcoin has experienced a significant rally, surpassing $94,000, fueled by reports that former U.S. President Donald Trump — who is running for re-election — is considering cutting tariffs on Chinese imports if he returns to office. This potential policy shift has sparked optimism in financial markets, including the crypto space, which often reacts positively to economic stimulus and global trade improvements. In addition to political momentum, $BTC rise was amplified by a short squeeze — a market event where traders betting against the asset are forced to buy back in to cover their positions, creating upward price pressure. This particular squeeze resulted in over $635 million in short liquidations, adding fuel to Bitcoin’s upward momentum. With these combined factors — political developments and technical market dynamics — analysts now believe that Bitcoin could potentially hit $100,000 in the near term, especially if market sentiment remains bullish and favorable economic expectations continue to grow. Other major cryptocurrencies like$ETH , as well as several altcoins, also saw gains during this rally, making it a standout day for the entire crypto ecosystem.
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Binance Futures Launches DEEPUSDT Perpetual Contract Binance Futures officially launched the DEEP/USDT perpetual contract on April 22, 2025, at 08:30 UTC. This contract allows users to trade with up to 50x leverage, and it is USDT-margined, meaning both margin and profits/losses are calculated in USDT. Key Details of the DEEPUSDT Contract: • Contract Type: Perpetual (no expiration date) • Margin Type: USDT (USDⓈ-M Futures) • Maximum Leverage: 50x • Settlement: In USDT This new offering provides traders with the opportunity to capitalize on the volatility of the DEEP token, with greater flexibility and efficient capital usage. However, it’s important to note that high leverage involves significant risk, so proper risk management is strongly advised.
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💰 Significant movements and predictions A significant withdrawal of 200.8 billion PEPE tokens from the Gate.io exchange has been recorded, which could indicate strategic movements by large investors. Current projections estimate that the value of PEPE could increase by 11.72% to reach $0.00000879 in the short term, and up to $0.0018 by the end of 2025, which would represent an increase of 233% from its initial price.
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Tesla Holds Onto $1 Billion in $BTC Despite Q1 Revenue Miss Tesla has reaffirmed its long-term commitment to Bitcoin by maintaining its holdings of 11,509 BTC through the first quarter of 2025, with no additional purchases or sales. This “HODL” strategy has been consistent since Tesla’s initial investment in 2021, when it became one of the first major companies to add Bitcoin to its balance sheet. As of the end of Q1 2025, the book value of Tesla’s Bitcoin holdings was approximately $951 million, down from $1.076 billion at the end of 2024 due to the temporary dip in Bitcoin prices. However, with the recent rally in Bitcoin’s price to around $93,000, the market value of Tesla’s crypto assets has once again exceeded $1 billion. This strategy aligns with new Financial Accounting Standards Board (FASB) guidelines, which now require companies to report the fair market value of digital assets quarterly. Despite facing financial challenges in its core electric vehicle business—reporting $19.34 billion in Q1 revenue, below analysts’ expectations—Tesla continues to view Bitcoin as a strategic long-term asset. With this position, Tesla remains one of the largest corporate holders of Bitcoin in the world, demonstrating its continued confidence in the cryptocurrency as a store of value.
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In the last 24 hours, the cryptocurrency market has experienced a remarkable rebound. Bitcoin ($BTC ) reached an intraday high of approximately $94,000, marking its highest level in seven weeks. This rise represents an increase of more than 6% in a single day. This upward impulse was also reflected in other important cryptocurrencies: •Ethereum ($ETH ): rose more than 10%, trading around 1,739 dollars. •Dogecoin (DOGE): experienced a significant increase, contributing to the general enthusiasm of the market. The rebound has generated a wage of settlements of short positions, with more than 500 million dollars in losses for those who bet on the bottom, which suggests a possible “short squeeze” in progress. Analysts attribute this movement to several factors: •Optimism around the trade war: signs of progress in the negotiations have improved investor confidence. •Upward technical rupture: technical indicators suggest a continuation of the positive trend. Increase in purchases by large investors: a resurgence in significant purchase orders on exchanges has been observed. As for the total capitalization of the cryptocurrency market, it has increased by 6.7%, reaching 2.66 trillion dollars. This scenario suggests a renewed interest and confidence in the crypto market, with Bitcoin leading the way to possible new historical highs.
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