President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year,” he said Sunday on his Truth Social network.
Trump’s tariff stances have roiled markets, led to fears of higher prices for Americans, prompted recession warnings and sparked bouts of concern about the US’s haven status — a fear that Treasury Secretary Scott Bessent questioned in a Sunday interview.
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Bitcoin (BTC) has displayed notable price action across different time frames, highlighting crucial support and resistance zones.
24-Hour Performance: BTC reached a high of **$86,496** before dipping to a low of **$84,357**, showing consolidation near the upper range.
Weekly Trends: Last week, Bitcoin surged to a high of **$86,222**, with a low of **$74,508**, indicating strong bullish momentum followed by a pullback.
Monthly Overview: Over the past month, #BTC hit a high of **$95,086** but also dropped to a low of **$76,320**, reflecting significant volatility and profit-taking at higher levels.
15-Day Range: In the last fifteen days, $BTC high remains uncharted in this data, while the low stands at **$88,580**, suggesting a possible base for another upward move.
Key Takeaways: Immediate resistance lies near **$86,500** breaking this could target **$87,000+**.
Support at **$84,000** is critical; losing it may lead to a test of **$82,000**.
The monthly high near **$95,000** remains a key target if bullish momentum resumes.
Bitcoin's price action remains dynamic, and traders should watch these levels for breakout or reversal opportunities. Stay alert in this volatile market!
The #TrumpTariff policy was a major shift in the U.S. trade strategy, imposing heavy duties on imports—especially from China. Trump argued that these tariffs protected American industries and jobs by making foreign goods more expensive. Supporters praised the move for pushing companies to manufacture locally, while critics warned it raised consumer prices and hurt farmers reliant on exports. The trade war with China escalated, leading to retaliatory tariffs. Did the policy work? Some sectors saw growth, but others struggled with higher costs. With Biden reviewing these tariffs, the debate continues. What’s your take—were Trump’s tariffs necessary for economic security, or did they backfire?
The stable coin market is experiencing significant growth, with the total market cap now standing at an impressive $229.3 billion! While USDT continues to dominate with a substantial market share, other stable coins like USDC are also gaining momentum and making their mark. This expansion signals increasing confidence in stablecoins as a reliable bridge between traditional finance and the crypto ecosystem. What does this growth mean for the future of crypto? Share your insights and join the conversation using #StablecoinTrend or tag $USDC in your posts. Don’t miss the chance to earn Binance points and compete for a share of 10,000 USDC in rewards! Let’s discuss how stablecoins are shaping the future of digital assets.
Bitcoin’s Rebound: What’s Next for BTC? After a challenging week, Bitcoin has climbed from its four-month low, riding the wave of improving global market sentiment. But is this rebound the beginning of a new uptrend or just a temporary pause in the downtrend? Share your thoughts using #BitcoinBounceBack or $BTC and earn Binance points plus a share of 10,000 USDC!
$BTC Consolidation: Key Levels to Watch BTC is currently ranging between $79,000 and $87,000, with strong liquidity in the $83,000-$84,000 zone. Last week’s low of $76,000 saw a pullback, but the market is now in a holding pattern. Traders should prepare for a potential breakout—targets could be $90,000+ if resistance breaks, or a retest of $76,000 if support fails. Plan your trades wisely!
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