Bitcoin Surges Past $100K as U.S. Eyes Sovereign Wealth Fund for Crypto

Bitcoin and Crypto Markets Brace for Major U.S. Policy Shifts

According to Forbes, Bitcoin and other cryptocurrencies have experienced significant market movements following recent U.S. policy announcements. President Donald Trump has temporarily paused tariff threats with Mexico and Canada, alleviating market fears. Bitcoin's price rebounded to over $100,000 after dipping to $91,000 earlier in the week. Speculation is rife about the U.S. government potentially using a newly proposed sovereign wealth fund for Bitcoin purchases. Senator Cynthia Lummis, a Bitcoin advocate, called this development a "₿ig deal." Additionally, Commerce Secretary nominee Howard Lutnick, with substantial Bitcoin exposure, emphasized the asset's growing value. For more details, visit Forbes.

Trump Tariffs Cause Crypto Market Volatility

Brave New Coin Insights reported that President Trump's new tariffs on China, Mexico, and Canada caused a sharp decline in cryptocurrency prices. Bitcoin dropped to $91,000, while other assets like Ethereum and Cardano also saw significant losses. However, the market quickly recovered after the U.S. and Mexico reached an agreement to delay tariffs. Binance CEO Richard Teng expressed optimism, stating the downturn is temporary. The crypto market's resilience highlights its potential for rapid recovery amidst global economic uncertainties. Read more on Brave New Coin Insights.

Ripple, Ethereum, and Cardano Lead $200 Billion Crypto Rebound

FXStreet highlighted a $200 billion recovery in the crypto market after the U.S. postponed tariffs on Mexico and Canada. Ripple (XRP), Ethereum (ETH), and Cardano (ADA) posted double-digit gains, with XRP leading at 13.1%. The global crypto market capitalization rose by 5.6%, reaching $3.43 trillion. Despite ongoing tariffs on China, the rollback on North American trade restrictions restored investor confidence. Stablecoins like USDT and USDC maintained stability, indicating cautious optimism among investors. For further insights, visit FXStreet.

Experts Weigh In on Bitcoin Amid Trade War Concerns

DLNews gathered insights from industry experts on Bitcoin's future amidst trade tensions. Bitcoin's price dropped to $91,000 but rebounded to $100,000 following tariff-related market jitters. Analysts like Noelle Acheson and Anthony Scaramucci predict Bitcoin's long-term potential as a haven asset. Scaramucci emphasized the importance of institutional adoption for Bitcoin's growth. Meanwhile, Kaiko Research noted short-term volatility but highlighted Bitcoin's resilience. For a detailed analysis, check out DLNews.

U.S. Pushes for Crypto Regulation and Bitcoin Reserve

Forbes reported on a press conference led by David Sacks, the U.S. AI and Crypto Czar, announcing plans for comprehensive crypto regulation. The administration aims to establish a "Bitcoin reserve" as part of a broader digital asset strategy. Proposed legislation includes the GENIUS Act for stablecoin oversight and the FIT21 Act for market structure clarity. These initiatives aim to solidify the U.S. as a leader in blockchain innovation. Read more on Forbes.

U.S. Sovereign Wealth Fund Sparks Bitcoin Speculation

Forbes revealed that the U.S. has launched its first Sovereign Wealth Fund, potentially incorporating Bitcoin. Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick, both Bitcoin proponents, are spearheading the initiative. This move could mark a historic shift in U.S. financial policy, legitimizing Bitcoin at the highest levels of governance. The fund's creation aligns with broader efforts to establish regulatory clarity for digital assets. For more information, visit Forbes.

Congressman Embraces Ethereum Technology

Decrypt reported that U.S. Congressman William Timmons has created a self-custodial Ethereum wallet to better understand blockchain technology. Timmons added his Ethereum Name Service (ENS) address to his X profile, signaling his commitment to crypto education. As a member of the Digital Assets Subcommittee, Timmons aims to advance bipartisan crypto legislation. His hands-on approach reflects growing interest in blockchain among policymakers. Learn more on Decrypt.

Ethereum ETFs Hit Record Trading Volumes Amid Market Turmoil

The Block reported that U.S. Ethereum ETFs reached a record $1.5 billion in daily trading volume following President Trump's tariff announcements. Ethereum's price dropped to $2,100 but rebounded to $2,819. Despite market volatility, Ethereum ETFs attracted $83.6 million in net inflows, indicating investor confidence. Meanwhile, Bitcoin ETFs saw significant outflows, highlighting differing market dynamics. For detailed statistics, visit The Block.

Ethereum Records Massive Spot Volume

U.Today highlighted Ethereum's record-breaking $38 billion spot volume on Monday. The cryptocurrency's price dropped to $2,125 before recovering to $2,879, marking a 27% rebound. U.S.-based Ethereum ETFs also saw record inflows, reflecting strong investor interest. However, ongoing trade tensions continue to create market uncertainty. For a comprehensive overview, visit U.Today.

Sources: