🚨 UPDATE: Bitcoin's dominance has dropped from 55.4% to below 50% within hours after Trump's initial announcement about the cryptocurrency strategic reserve fund including $XRP, $SOL, and $ADA
🇺🇸 NEW: The U.S. Senate has voted to pass Senator Ted Cruz's CRA resolution to overturn the IRS's cryptocurrency brokerage regulation, bringing this issue to the discussion table before the full Senate votes.
New Bitcoin buyers with wallets under three months are said to have sold at a loss of $2.16 billion amid increasing volatility and fearful market sentiment
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🔥 Trump Imposes 25% Tariff on EU, Trade Tensions Continue to Escalate
🟢 President Donald Trump has just announced a 25% tariff on imports from the European Union (EU), continuing a series of drastic economic policies after his re-election.
🟢 Previously, he imposed tariffs on Mexico, Canada, China and especially BRICS at a rate of 150%, in order to adjust the trade balance and protect the US economy.
🟢 Trump believes that the EU was established to disadvantage the US, especially in the automotive sector, so the tariffs will focus on this item.
🟢 This move could escalate trade tensions between the two sides, affecting businesses and supply chains. However, the Trump administration considers this a necessary step to ensure US economic interests
🟢 This is the first day that BTC has been sold off so heavily since the ETF was established
🟢 In previous instances of heavy selling, BTC's capital flow only fluctuated negatively around the mark of 500-600 million USD, but this time it is close to reaching the 1 billion dollar mark