Audrey Stahoski CfuR

🚨 Bitcoin Dropped to US$84 Thousand, This Altcoin Sees Green.

The largest market capitalization crypto Bitcoin (BTC) briefly dropped to US$84,667 per coin when US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve on Thursday (06/03) local time.

However, the token Movement ($MOVE) recorded an increase of up to 9.27% and touched a price of US$0.4537 to US$0.5031 in the last 24 hours. Not only that, Ethena ($ENA) also rose by 4.40% and reached a price of US$0.3761 in the same time frame.

Meanwhile, other tokens like Bitcoin Cash ($BCH) and Sui (#SUI🔥 ) also did not want to be left behind, each experiencing an increase of up to 2.11% and 1.53% respectively.

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🚨Bitcoin Touches US$90,000 Ahead of White House Crypto Summit

Bitcoin($BTC ), the largest market-cap cryptocurrency in the world, has once again recorded a price increase to the psychological figure of US$90,000. It is known that in the last 24 hours, Bitcoin surged by 7.5% on Wednesday (05/03).

This increase comes ahead of the Digital Asset Summit (DAS) scheduled for this weekend. Several big names, including Executive Chairman Strategy Michael Saylor, are confirmed to attend.

Additionally, US President Donald Trump is rumored to unveil the Strategic Bitcoin Reserve strategy during the summit. This could potentially be a catalyst for a price surge in Bitcoin.
#TrumpCongressSpeech #DonaldTrump

🚨To Boost Economy by 8%, Vietnam PM Orders Drafting of Crypto Regulations

Prime Minister (PM) Pham Minh Chinh of Vietnam has ordered the Ministry of Finance and the State Bank of Vietnam to draft a legal framework regarding digital assets such as cryptocurrency this month.

This move aims to regulate digital assets like Bitcoin (BTC) and Ethereum (ETH), which currently lack a legal definition in the country. Currently, regulations only cover electronic money linked to fiat currencies, such as prepaid bank cards and e-wallets.

The absence of a legal framework has led many crypto companies to choose to register in other countries like Singapore or the United States, despite operating in Vietnam. This has resulted in a loss of potential tax revenue and domestic economic competitiveness.

PM Chinh also emphasized the importance of a controlled testing mechanism or sandbox to build a secure and scalable digital asset trading platform.

Vietnam has become one of the countries with the highest crypto adoption rates, with 21% of its population holding digital assets in 2021-2022. The Vietnam Blockchain Association also reported that the flow of digital assets reached US$120 billion in 2023. This figure indicates the significant potential of the crypto sector in supporting the country’s digital economy.

With clear regulations, the government hopes to attract more institutional investment and drive the national economic growth target to 8% per year.
#news #NewsAboutCrypto $BTC

$ETH
$SOL

🚨Crypto Trader Liquidated US$1 Billion Overnight After Trump Announces Tariffs

The crypto market recorded massive liquidations amounting to US$1.07 billion or equivalent to Rp17.5 trillion in the last 24 hours. This was triggered by the announcement from the President of the United States (US) Donald Trump regarding the imposition of tariffs or import taxes on goods from Mexico and Canada.

In detail, the liquidation involved around 310,617 traders or doubled in number. The largest liquidation occurred in long positions, soaring to US$927.9 million, while short positions amounted to only US$139.5 million.

Furthermore, Bitcoin (BTC) contributed the largest share of liquidations at US$386 million, while Ethereum (ETH) accounted for US$206 million, and the "others" category reached US$114 million. On the other hand, Solana (SOL) fell by US$70.7 million and XRP (XRP) also decreased by US$61.6 million from the previous day.

This policy also impacted the crypto market, especially Bitcoin (BTC), which briefly touched a price of US$82 thousand.
#NewsAboutCrypto
#DonaldTrump $BTC
$ETH
$SOL

🚨Bloodbath in the Crypto Market After Trump Announces 25% Tariff on Mexico-Canada

United States (US) President Donald Trump confirmed the implementation of a 25% trade tariff on Mexico and Canada, causing the crypto market to turn red again after a brief surge. Even, Bitcoin (BTC) plummeted by 10%, touching a price of $83,000 on Tuesday (04/03).

"There is no more room for Mexico or Canada. The tariff has been officially set and will take effect tomorrow," said Trump.

Specifically, the cryptos mentioned by Trump in his Strategic Crypto Reserve, namely Cardano (ADA), XRP, and Solana (SOL), each dropped by 27.5%, 20%, and 21.5%, respectively.

Not stopping there, Ethereum also weakened by 16%, where at the time this article was written, its price returned to around $2,000. In addition, the overall crypto market capitalization also plunged by more than 12%, now standing at $2.71 trillion.

As information, when Trump announced the Strategic Crypto Reserve, the crypto market experienced a significant rise, but it did not last long.
#news #NewsAboutCrypto $BTC $ETH

Trump Ensures Tariffs Will Be Imposed Tomorrow, Bitcoin Drops to US$84 Thousand

President of the United States (US) Donald Trump in his interview at the White House confirmed that the tariffs to be imposed on Canada and Mexico will start tomorrow local time.

"The most important thing is that the tariffs tomorrow will be imposed on Canada 25% and Mexico 25%. So the only way to avoid that is to build your business in the United States," said Trump.

As a result of his statement, the price of Bitcoin plummeted by 10% from US$93 thousand to US$84 thousand in today’s trading. Not only that, its market capitalization also fell to US$1.6 trillion.
49139087891#Trump47thPresident

98603411756

#LTC $LTC bull

$WAXP #WAXP bear🐻

In-Depth | Pro-Contra Behind Trump's Strategic Crypto Reserve, What's Going On?

The announcement of the Crypto Strategic Reserve by US President Donald Trump has received both support and criticism from many parties. This is because Trump did not prioritize Bitcoin (BTC) as the sole asset.

In a post on Truth Social, early Sunday (03/02), Trump plans to include several Altcoins such as Ethereum ($ETH ), XRP ($XRP ), Solana ($SOL ), and Cardano (ADA) in the reserve.

As a result, Trump's decision has drawn criticism from many, including Peter Schiff, a prominent crypto critic, who questioned the logic behind the decision.

“I can understand the reason for having a Bitcoin reserve. I disagree, but I understand. We have a gold reserve, and Bitcoin is often referred to as digital gold. So, it makes sense to have a Bitcoin reserve. But why should there be XRP? What do we need it for?” Schiff wrote on his X account on Monday (03/03).

In addition to Schiff, Head of Alpha Strategies Bitwise Jeff Park also shares the same thoughts. The man even called Trump's move a major political mistake for not prioritizing Bitcoin.

Furthermore, Casa CEO Nick Neuman emphasized that only Bitcoin is worthy of being included in the US national reserve, as it has a limited supply and a clear purpose.

In fact, Coinbase CEO Brian Armstrong suggested that only Bitcoin is the best choice for a national reserve. He believes Bitcoin can be digital gold.

However, on the other hand, positive sentiments are also coming from several supporters, including US businessman Dave Portnoy, who said this move will make the XRP token soar.

Meanwhile, Ripple CEO Brad Garlinghouse welcomed this policy, stating that the crypto industry can only grow if it collaborates. He appreciates Trump's initiative to start realizing crypto innovation.

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Bull🚀

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