Bitcoin stumbled on Wednesday, but leveled out after the White House clarified just how high it’s willing to raise tariffs on Chinese goods.
President Donald Trump has hinted that his administration is making progress on trade deals with other nations. But David Duong, global head of research at crypto exchange Coinbase, wrote in a Tuesday note that he’s still concerned about the effect hectic trade relations will have on risk-on assets like Bitcoin.
Despite an improving regulatory environment marked by legislative debate and Trump’s pro-crypto slant, “the path to recovery for crypto remains challenging,” he wrote, arguing a cautious outlook may be warranted through the next four to six weeks.
So perhaps investors shouldn’t put away their hats and gloves just yet.
Bitcoin Steadies but Coinbase Analyst Sees Crypto Winter Brewing on Tariffs
A Coinbase analyst warned caution could be warranted over the next four to six weeks, pointing partly to Bitcoin's 200-day moving average.
Trump Meme Coin Team Withdraws $4.6M to Coinbase Ahead of $309M Token Unlock
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Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips
Solana, Cardano and Avalanche lead the losses for altcoins as the crypto market contracts—but Bitcoin is beating the trend.
Mantra CEO Pledges to Burn His Team Tokens After Major 90% OM Crash
John Patrick Mullin, co-founder and CEO of Mantra, claims he’ll burn his OM after the token’s Sunday crash.
Oklahoma Kills Bitcoin Reserve Proposal in Senate Committee Vote
With the failure of Oklahoma’s Bitcoin reserve bill, New Hampshire, Texas, and Arizona now lead the push for state-level BTC reserves.
📊 MYRIAD Market of the Day
S&P 500 Weekly Close above 5,400? (April 14-18)
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🤖 EMERGE: OpenAI’s New 'o' Series Is a Giant Leap Toward Multimodal AI Assistants
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📚 Watch and Learn
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📹️ WATCH: Crypto dips, China open to Tariff talks, Nvidia faces chip ban
In today’s episode of FOMO Hour: Crypto dips, China signals that it’s open to tariff talks, and Nvidia faces a possible chip ban.
🎓️ LEARN: What Is 'Trump's Empire'? The Presidential Telegram Crypto Game and Airdrop Details – Decrypt
Trump's Empire is a Telegram crypto game that lets you build up your business and political empire—and earn towards a future airdrop.
🎓️ LEARN: 'Trump's Empire' Telegram Game Tips Guide: How to Earn More Crypto in the Airdrop
Telegram game Trump's Empire will reward players with a crypto airdrop. Follow these tips to boost your allocation.
