Bitcoin's price stagnated around $84,000 amid uncertainty surrounding the U.S. economy and trade policies. During a briefing, White House Press Secretary Karline Leavitt suggested that relief measures for farmers affected by tariffs are being considered. While the price showed a slight decrease, the overall market reflected similar trends, with the S&P 500 and other indices showing minimal movement. Economic analysts warn that President Trump's tariffs may negatively impact growth despite a slight cooling in inflation rates. Federal Reserve President Raphael Bostic expressed concerns over economic conditions, indicating a 'thick fog' that complicates predictions about future monetary policy adjustments. The lingering question is how Trump's trade decisions will influence rates following recent Fed cuts. Observers are also interested in the potential use of tariff revenues to bolster the Strategic Bitcoin Reserve, as discussed by Bo Hines, suggesting a connection between trade policy and cryptocurrency investments.

Source 🔗