Yesterday, Bitcoin surged to $83,000 but quickly retraced its steps, dropping back below $80,000.
This fluctuation had a ripple effect on the broader cryptocurrency market, where most altcoins experienced notable declines in the past 24 hours.
This ongoing downward trend is not isolated to the crypto space. U.S. stock markets are also experiencing losses, which some analysts attribute to a pullback in equities.
According to Anthony Pompliano, CEO of Professional Capital Management, the current market downturn could be a result of actions taken by the Trump administration.
Pompliano suggested that former President Trump and Treasury Secretary Scott Bessent may have intentionally triggered the stock market decline, aiming to pressure the Federal Reserve into reducing interest rates.
Pompliano went on to argue that this strategy could help avoid a looming $7 trillion in debt by creating favorable conditions for the bond market, citing Trump’s previous comments about high interest rates stifling economic growth. While these claims remain unproven, the U.S. markets continue to struggle, with cryptocurrencies facing even sharper losses.
According to a report by Barron’s, the Ohio Public Employees Retirement System (OPERS) made notable adjustments to its portfolio in Q2 2025, significantly increasing exposure to Palantir and Strategy while cutting back on Lyft.
As crypto markets gain momentum heading into the second half of 2025, a series of pivotal regulatory and macroeconomic events are poised to shape sentiment, liquidity, and price action across the space.
In a recent interview with Bankless, Tether CEO Paolo Ardoino shed light on the growing adoption of stablecoins like USDT, linking their rise to global economic instability and shifting generational dynamics.
In a statement that marks a major policy shift, U.S. Treasury Secretary Scott Bessent confirmed that blockchain technologies will play a central role in the future of American payments, with the U.S. dollar officially moving “onchain.”