Overview

• Bitcoin has fallen to $77,700, a three-week low, with Ethereum dropping nearly 12% to $1,575, reflecting broader market declines tied to U.S. trade policies.
• President Trump’s newly implemented tariffs, including a universal 10% levy and higher country-specific tariffs, have exacerbated global economic uncertainty, wiping $6 trillion from global markets last week.
• Congress is advancing two competing stablecoin bills, with one prohibiting interest payments to holders and the other allowing limited interest, potentially disrupting traditional banking systems.
• The rapid growth of stablecoins, led by Tether’s $144 billion USDT, is attracting institutional interest and raising concerns about systemic risks to financial markets.
• Trump’s pro-crypto stance includes the creation of a Strategic Bitcoin Reserve, but his trade policies have introduced significant volatility to cryptocurrency markets.