Tariff doubts drag Bitcoin beneath $75K threshold
Ongoing uncertainty surrounding US President Donald Trump's tariff strategy has driven Bitcoin's value below the $75,000 mark on Monday.
Bitcoin hit a record high above $94,000, boosted by reports that Donald Trump's Truth Social is in advanced talks to acquire crypto trading firm Bakkt in an all-stock deal. This, coupled with the debut of BlackRock's Bitcoin ETF options on Nasdaq, has driven renewed interest in the cryptocurrency.
Tony Sycamore, an analyst at IG, noted that Bitcoin’s surge is supported by “the Trump deal talk” and the enthusiasm surrounding new trading opportunities.
The cryptocurrency market has also benefited from optimism over a potentially more crypto-friendly regulatory environment under a Trump administration. Since the U.S. election on November 5, traders have bet on policies that could reinvigorate digital assets, pushing Bitcoin’s value past $94,000 in Asian trading hours after hitting $94,078 in the prior session.
The excitement has propelled the global cryptocurrency market to a record valuation of over $3 trillion, according to CoinGecko.
Chris Weston, head of research at Pepperstone, commented, “There is real underlying buying pressure for Bitcoin, and another kick higher should bring in a fresh chase from those who like to buy what’s strong.”
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
In response to President Donald Trump's sweeping new tariffs, a number of global companies are eyeing expansion into the United States to minimize the economic fallout from the trade measures.
Google plans to appeal parts of a recent U.S. court ruling that found it had unlawfully maintained monopoly power in parts of the online ad market, specifically in publisher ad servers and ad exchanges, while the court dismissed other antitrust claims.
The European Central Bank cut its main interest rate by a quarter point on Thursday, citing rising trade tensions following U.S. President Donald Trump’s sweeping tariff campaign. The decision brings the rate down to 2.25 percent, marking the ECB’s seventh cut in the past year.
Nvidia will take a $5.5 billion charge after the U.S. restricted exports of its H20 AI chip to China, citing security concerns. The move targets China's access to advanced tech, impacting Nvidia's key market amid growing global AI competition.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment