Here’s what happened in crypto today
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, economist and author of The Bitcoin Standard, Saifedean Ammous, said US President Donald Trump’s decision to reverse higher tariffs was likely a reaction to rising bond yields and exposed weaknesses in the US economy, Strike founder Jack Mallers is set to lead a crypto firm set to compete with Michael Saylor’s Strategy, and Trump is hosting a dinner for top holders of his memecoin.
Analysts are criticizing the financial implications of Trump’s import tariffs, a development that some say highlights Bitcoin’s (BTC) unique economic properties during times of global uncertainty.
Trump’s 90-day pause on higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according to critics.
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