Today in crypto, the European Union’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin prices, a bill for the US to buy 1 million Bitcoin was reintroduced to Congress, and the EU is scrutinizing OKX for a service that could’ve helped the Bybit hackers.
The refreshed bill also now sets a formal evaluation process for Bitcoin forked assets and airdropped assets in the reserve and directs the Secretary after the mandatory holding period to evaluate and retain the most valuable asset based on market capitalization while retaining the “dominant asset.”US President Donald Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” both of which will initially use crypto forfeited to the government.
EU retaliatory tariffs threaten Bitcoin correction to $75,000The EU’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin (BTC) prices, which may drop below the critical $75,000 support level.
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Author / Journalist: Cointelegraph by Cointelegraph
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