China has fired back at the U.S. with its own set of tariffs, marking another chapter in the escalating global trade conflict that began with President Donald Trump’s tariff announcement on April 2.
As fears of U.S. tariffs loom, cryptocurrency investors are showing caution despite a significant increase in stablecoin supply.
Pi Coin has recently plunged to an unprecedented low of $0.51, representing a staggering 83% drop since reaching its peak in late February.
Following the announcement of bilateral tariffs by US President Donald Trump on April 2, coinciding with Independence Day, and China’s prompt response, the cryptocurrency market has seen significant downturns.
Bitcoin has once again demonstrated its resilience in the face of a turbulent market, outperforming the Nasdaq 100 index since the start of the year.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting a financial network that supports the Houthis, a group backed by Iran that has been responsible for numerous attacks on vessels in the Red Sea and Gulf of Aden.
Tether, the largest stablecoin issuer in the world, has cemented its position as a significant force in global finance by becoming the seventh-largest holder of US Treasury Bills.
Bitcoin startup funding has seen a notable surge in early-stage investments, with pre-seed rounds increasing significantly since 2021.
Genius Group, a Singapore-based AI firm, has hit a legal snag in its plans to expand its Bitcoin treasury.
Bitcoin’s position near the $80,000 mark remains uncertain, as recent market turbulence has put pressure on its price.