Trump, Tariffs & Tornado Cash โ Big Week for Crypto
๐ Bitcoin Action:
Last weekโs $116K support got tested hard โ dipped to $112K, bounced back, now hovering near $116K. Odds of holding look better this week.
๐บ๐ธ Trump Moves Markets (Again):
Fired BLS Commissioner Erika McEntarfer โ sharp market drop, quick recovery.
Announced new tariffs โ typical dip + rally pattern.
Signed 2 pro-crypto EOs:
1๏ธโฃ Ban on financial discrimination vs. lawful businesses (including crypto).
2๏ธโฃ 401(k) plans can now hold crypto.
๐ฐ Fed Watch: Stephen Miran nominated to Fed Board โ markets see this as dovish (possible rate cuts).
โ๏ธ Privacy Under Pressure:
Tornado Cash dev Roman Storm convicted.
Samourai Wallet founders pleaded guilty last week.
Big implications for open-source & privacy in crypto.
๐ Whale Tales:
2011 BTC whale took $9B profit โ reminder: holding from 2010 isnโt as easy as it sounds!
Takeaway:
Trumpโs policy shifts could supercharge U.S. crypto adoption, but privacy-focused devs are facing major legal heat. The stage is set for big moves โ both in price and regulation.
#CryptoNews๐๐ฐ๐ซ s #Trump #401K #BTC #ETH
