$ETH $BTC Bitcoin ($BTC) is a decentralized digital currency that allows people to send and receive money over the internet without relying on banks or governments. It was introduced in 2009 by an anonymous person (or group) using the name Satoshi Nakamoto. Here’s a breakdown in simple terms: Decentralized: There's no central authority like a bank. Instead, Bitcoin operates on a network of computers (called nodes) that all agree on transaction history using a shared digital ledger called the blockchain. Digital and Limited: It exists only electronically, and there will only ever be 21 million bitcoins, making it scarce and often compared to digital gold. Secure and Transparent: Every Bitcoin transaction is recorded on the blockchain, which anyone can view. Transactions are verified by a process called mining, which involves solving complex math problems. Use Cases: People use Bitcoin as a store of value, a hedge against inflation, or a way to transfer money across borders with relatively low fees and without intermediaries. In essence, Bitcoin is a combination of technology, cryptography, and economic incentives—reshaping how we think about money and ownership in the digital age.
Bitcoin Price Bounces Past 105K: Is a Full-Blown Rally Back on the Cards?
Bitcoin started a recovery wave above the $105,000 zone.
The price is trading above $105,000 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $105,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh decline if it breaks the $104,000 support zone.
Bitcoin Price Restarts Increase
Bitcoin price started a fresh decline and traded below the $102,500 support zone. BTC even traded close to the $100,000 zone before the bulls appeared.
A low was formed and the price recovered above the $103,500 resistance. The bulls even pushed the price above the $105,000 resistance. A high was formed at $106,426 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $100,400 swing low to the $106,426 high.
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Big Breaking: Trump Calls for 100% Tariff on Foreign Movies, Says U.S. Film Industry is ‘Dying’
U.S. President Donald Trump has issued a strong statement about the dying movie industry in America. He blamed other countries for offering financial incentives to attract U.S. filmmakers and studios overseas, leaving Hollywood and other parts of the country struggling.
Concerns Over Foreign Control of the Movie Industry
In his message, Trump described this situation as a national security threat, claiming it’s not just about business — but also about messaging and propaganda.
“The Movie Industry in America is DYING a very fast death,” Trump said. “Other countries are offering all sorts of incentives to draw our filmmakers and studios away. Hollywood and other areas within the U.S.A. are being devastated.”
Trump believes this is a coordinated effort by other nations to weaken the U.S. film industry. In response, he announced that he’s authorizing the Department of Commerce and the U.S. Trade Representative to start the process of imposing a 100% tariff on all movies produced outside the United States.
“We want movies made in America again,” Trump declared.
This proposed move is aimed at protecting American jobs, preserving the country’s cultural influence, and keeping U.S. film production within its borders. Trump has made it clear he wants to rebuild the nation’s entertainment industry and stop relying on foreign-made films.
This latest move has left social media users confused. One user asked, “I thought tariffs only applied to physical goods shipped into the country. How would they even be applied/collected on movies?” If approved, this would mark one of the most aggressive actions taken by a U.S. leader against international film imports in modern history.
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