In recent developments in the cryptocurrency world, the U.S. SEC is contemplating a review of the security status of digital assets and possible retroactive relief for token offerings. This comes amidst a backdrop of volatility caused by escalating U.S.-China trade tensions, with concerns that Bitcoin could face a price correction below $90,000. After the U.S. President Donald Trump paused tariffs on Canada and Mexico, the crypto markets responded positively, with Bitcoin briefly rising above $100,000. However, fears surrounding trade wars persisted, leading to a volatile atmosphere for Bitcoin and other cryptocurrencies. The SEC is aiming to provide more regulatory clarity and reassess the security classification of crypto assets under existing laws, which is seen as crucial for the market's future stability. Overall, while the crypto markets show signs of recovery, uncertainties related to global trade dynamics continue to pose risks to price stability.

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