Americans have now piled up a whopping $1.18 trillion in credit card debt, and a huge chunk of the population is lying about it to loved ones, according to a new report. Nearly four in ten Americans saddled with credit card debt have been dishonest about it, with wealthier individuals more likely to hide the truth, says LendingTree in a new report. “LendingTree surveyed more than 900 people with credit card debt and found that many feel ashamed about it. Many have chosen to keep quiet about what they owe, while others take it a step further, lying to those closest to them about what they’re going through.” Credit card balances have surged since 2021 when they reached a collective bottom at $770 billion, thanks in part to pandemic-era checks from the government. Since then, things have taken a turn for the worse. • 39% of Americans with credit card debt have lied about it, usually to their spouse, partner, parents or siblings. • 49% feel shame about their level of credit card debt and either downplay or hide the burden. • 46% of Americans now hold at least some credit card debt, and half of Americans making at least six figures have it. • 35% of women with credit card debt will admit it, compared to 21% for men, and baby boomers are more than twice as likely as Gen Zers or Millennials to tell the truth. LendingTree says a majority of Americans feel they have a grip on their credit card debt, regardless of whether they’re comfortable talking with their loved ones about it. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Americans Now Owe $1,180,000,000,000 in Credit Card Debt – And They’re Lying About It: Report appeared first on The Daily Hodl .
Summary Bitcoin set new all-time highs above $110K, though geopolitical tension briefly pushed BTC as low as $98K on June 22nd, marking a six-week low. Metaplanet’s +125% rally highlights recent investor preference for balance sheet BTC exposure over operational mining models, though leadership could shift with some valuations looking stretched. While future conditions remain uncertain, Bitcoin’s evolving role as both a high-beta tech proxy and a macro hedge may allow it to benefit across multiple scenarios. A major factor behind Bitcoin’s weaker on-chain metrics is the collapse in activity related to Ordinals, which allowed users to inscribe digital content onto individual Satoshis— effectively enabling Bitcoin-native NFTs. Bitcoin sets new highs and holds strong above $100K as Ordinals fade and onchain activity slows. Equity markets reward treasury-heavy BTC proxies over operational miners. Please note that VanEck has exposure to bitcoin. Three key takeaways for mid-May to mid-June: Price Resilience in a Volatile Macro Backdrop: Bitcoin ((BTC)) set new all-time highs above $110K , though geopolitical tension briefly pushed BTC as low as $98K on June 22nd, marking a six-week low. Onchain Activity Slows: Transaction volume and fee revenue declined, with Ordinals volumes hitting year-to-date lows, highlighting Bitcoin’s growing reliance on off-chain adoption. Treasury Plays Outperform… for Now: Metaplanet’s ( MTPLF ) +125% rally highlights recent investor preference for balance sheet BTC exposure over operational mining models, though leadership could shift with some valuations looking stretched. Bitcoin ChainCheck Monthly Dashboard As of June 19th, 2025 30-day avg 30 day change (%) 1 365 day change (%) Last 30 days Percentile vs. all-time history (%) Bitcoin Price $106,612 7 57 100 Daily Active Addresses 743,777 -2 14 67 Daily New Addresses 307,442 -1 18 56 Daily Transactions 364,471 -8 -42 76 Daily Inscriptions 42,864 -39 63 33 Total Transfer Volume ((USD)) $64,418,735,945 -2 40 64 % Supply Active, last 180 days 24% -10 -6 33 % Supply Dormant for 3+ Years 45% -1 -3 92 Avg Fees ((USD)) $159,028.01 -7 -70 87 Avg Fees ((BTC)) 1.49090 -12 -80 69 Percent of BTC Addresses in profit 98% 2 3 95 Unrealized profit/loss ratio 0.56 2 1 79 Global Power Consumption (TWh) 175 5 50 100 Total Daily BTC Miner Revenues ((USD)) $48,728,898 7 42 96 Total Crypto Equities' Market Cap * ((USD)) (MM) $232,311 15 76 97 Transfer volume from Miners to Exchanges ((USD)) $12,819,409 6 0 92 Bitcoin Dominance 63% 1 19 96 Bitcoin Futures Annualized Basis 7% 9 -42 47 Mining Difficulty ((T)) 125 3 49 100 * DAPP market cap as a proxy, as of June 19th, 2025 1 30 day change & 365 day change are relative to the 30-day avg, not absolute Regional Trading ($) MoM Change (%) YoY Change (%) Asia Hours Price Change MoM 2 3 US hours Price Change MoM 9 0 EU hours Price Change MoM 4 3 Source: Glassnode as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Bitcoin’s Price Action Bitcoin (BTC-USD) Borrowing Rates are Near YTD Lows Despite All-Time High Prices Source: Glassnode as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Bitcoin quietly carved new all-time highs this month, reaching nearly $112K on May 22 and trading above $110K again on June 9. Yet, in the wake of escalating U.S.-Iran tensions over the weekend, BTC briefly fell to ~$98K , its lowest level in over a month, before stabilizing back above $100K . Despite this volatility, 30-day moving averages remain elevated at ~$ 107K . Interestingly, borrowing rates have cooled to 7%, about 50% lower than at the start of 2025, indicating neutral market sentiment and increased stability. While future conditions remain uncertain, Bitcoin’s evolving role as both a high-beta tech proxy and a macro hedge may allow it to benefit across multiple scenarios. In peace, improved risk appetite could favor high-growth assets like BTC. In conflict, rising fiscal deficits and currency concerns may bolster the asset’s appeal among reserve-seeking investors. Bitcoin’s Market Cap Dominance Hit Multi-Year Highs in June Source: Glassnode as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Bitcoin Dominance and Institutional Flows Bitcoin’s market dominance rose another 1% in June, setting a new 30-day moving average high for this cycle. This continued rise reflects Bitcoin’s strengthening role as the preferred crypto asset among institutional investors, even as altcoins remain largely trapped in speculative, retail-driven narratives. Since the 2021–2022 altcoin cycle, Bitcoin has reclaimed nearly all market share gains made by other crypto assets. The momentum in dominance supports the view that Bitcoin has matured into a digital store-of-value -- functionally “digital gold”-- for both public and private institutions. Unlike prior cycles, investors today can access leveraged BTC exposure through public equities. Strategy (MSTR), for example, offers deep liquidity and capital efficiency, while smaller entrants like Semler Scientific ( SMLR ) provide high-volatility trading opportunities. These structures appear to absorb speculative demand that might have previously flowed into altcoins. While ETH and SOL treasury strategies show early promise, Bitcoin continues to command the lion’s share of institutional flows, supported by its dominant liquidity, simple narrative, and macro positioning. Altcoins, by contrast, have struggled to attract sustained inflows, with market activity largely rotational and retail-driven. As a result, Bitcoin appears to be pulling in net new capital, while altcoins operate in a more insular environment, reinforcing BTC’s status as the foundation of institutional crypto exposure. Onchain Performance: Activity Slows as Offchain Adoption Grows Daily Bitcoin Transactions and Fees Hovered Near YTD Lows in June Source: Glassnode as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. While market-facing indicators such as price action, futures, flows, and institutional positioning remain supportive, Bitcoin’s on-chain metrics point to softening activity. Over the past 30 days: The Bitcoin network processed an average of 364,000 transactions per day, down 8% month-over-month and 42% year-over-year. Daily fee revenue averaged $641K , down 57% year-to-date. In contrast, block rewards earned by miners remain elevated at approximately $45M per day, assuming 144 blocks/day at $100K per BTC. This means that, on an annualized basis, transaction fees account for just 1.4% of the estimated $16.4B in yearly block rewards, a stark mismatch between network usage and price performance. This disconnect may persist, especially as Bitcoin adoption increasingly occurs offchain through financial products like ETPs and corporate treasuries, rather than through native blockchain activity. Looking ahead, the scheduled block reward halvings in 2028 and 2032 will further reduce miner revenue, raising structural questions about the long-term sustainability of security incentives if fee generation doesn’t materially recover. Ordinals ("Bitcoin NFTs") Activity Fell To 2025 Lows in June Source: Glassnode as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Ordinals Cool Off A major factor behind Bitcoin’s weaker on-chain metrics is the collapse in activity related to Ordinals, which allowed users to inscribe digital content onto individual Satoshis—effectively enabling Bitcoin-native NFTs. After launching in early 2023, Ordinals briefly revitalized Bitcoin’s base layer, bringing in unprecedented retail demand. Transaction volumes surged, fees spiked, and Bitcoin—which historically lacked the smart contract capabilities of chains like Ethereum ( ETH-USD ) and Solana ( SOL-USD )—saw renewed relevance as an application layer. From late 2023 through early 2024, Ordinals helped narrow the perceived gap between Bitcoin and more expressive chains by enabling digital collectibles, meme assets, and experimental DeFi primitives on BTC. But in June, activity collapsed: transaction volumes fell 39% month-over-month, marking new 2025 lows and the weakest performance since the latest wave of interest began in late 2024. The decline reflects both cooling speculative interest and structural challenges in sustaining high-fee on-chain activity. While the protocol was an important moment for Bitcoin’s cultural evolution, its volatility underscores the difficulty of building persistent user demand on a chain not optimized for programmability. Bitcoin Pure-Play Stocks Source: FactSet as of 6/19/2025. Past performance is no guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Metaplanet (+125%) Metaplanet stood out as a top performer among Bitcoin pure-plays this month, up 125% MoM. The company announced three purchases of Bitcoin: On May 19th, June 2nd, and June 16th, Metaplanet acquired 1,004 , 1,088 , and 1,112 Bitcoin, respectively, bringing its total holdings to 10,000 BTC . The company also announced its 2025-2027 Bitcoin Plan, targeting 210,000 BTC by 2027. While we flag that Metaplanet’s NAV Premium to basic shares ( ~7.1x ) remains elevated compared to Strategy’s ( ~1.8x ) and Semler Scientific’s (~1.1x ), we recognize the company’s dominance as a Bitcoin treasury company in the Japanese and broader Asian markets, in addition to certain tax and regulatory advantages it offers over spot Bitcoin. Strategy (-11%) In late May, Strategy announced its latest Bitcoin acquisition, adding 4,020 to bring its total to 580,250 BTC . On June 6th, Strategy priced a $980M public offering of 10.00% Series A Perpetual Preferred Stock ('STRD'), with proceeds earmarked for further Bitcoin acquisitions and general corporate purposes. The non-cumulative preferred shares, structured to pay quarterly cash dividends when declared, represent Strategy’s latest innovation in capital structure to scale BTC exposure without issuing common equity. While MSTR’s 1M performance was negative, we note that its YTD (+28%) performance still largely outpaces Bitcoin’s (+7%), and that its NAV premium suggests more downside protection than Metaplanet’s. CleanSpark (-7%) CleanSpark ( CLSK ) doubled its BTC treasury year-over-year, now holding 12,502 BTC . In May, it produced 694 BTC , selling only 293.5 . While CleanSpark holds more BTC than Metaplanet, its market cap is only one-third as large, suggesting either a steep discount on miners or a premium on treasuries. Notably, CleanSpark has avoided equity dilution since November 2024, a rare feat in the mining space, and continues to scale through localized energy strategies. Still, the market’s broader view on mining economics remains skeptical. Marathon Digital (-12%) Despite having the highest energized hash rate (58.3 EH/s) and the second-largest BTC treasury ( 49,179 BTC ), Marathon fell 12% MoM, underperforming other pure-plays. While the company has begun building out its own infrastructure, about 45% of its operational hashrate still comes from hosted arrangements, which can limit margins and strategic flexibility, especially when compared to fully integrated miners. Marathon’s past reliance on third-party hosting and its history of equity dilution continue to weigh on investor sentiment. That overhang could persist unless the company transitions more fully to a self-operated model or demonstrates progress in diversifying its revenue base beyond core mining. Links to third party websites are provided as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by us of any content or information contained within or accessible from the linked sites. By clicking on the link to a non-VanEck webpage, you acknowledge that you are entering a third-party website subject to its own terms and conditions. VanEck disclaims responsibility for content, legality of access or suitability of the third-party websites. Disclosures Coin Definitions Bitcoin ((BTC)) is a decentralized digital currency without a central bank or single administrator. It can be sent from user to user on the peer-to-peer Bitcoin network without intermediaries. Risk Considerations This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees. Index performance is not representative of fund performance. It is not possible to invest directly in an index. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products. Web3 companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies. All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance. © Van Eck Associates Corporatio Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Bitcoin remains at a critical juncture as it struggles to break free from its current trading range, signaling a pivotal moment for the cryptocurrency market. Market analysts emphasize the necessity
Bitcoin is treading cautiously below the $110,000 level, signaling a pause in momentum after recent highs. At the time of writing, the asset is priced at $106,841, marking a mild 0.4% decline over the past 24 hours. Despite brushing a daily high of $107,884, BTC appears to be consolidating in a narrow range, with market participants watching for the next significant move. Amid this relatively flat price action, on-chain trends suggest that not all is quiet under the surface. A new analysis by CryptoQuant contributor “oinonen” sheds light on wallet activity within Binance, one of the largest crypto exchanges by trading volume. Related Reading: Bitcoin Retests $108,000, But Holders Disagree On Direction Bitcoin Mid-Tier Investors Take Center Stage on Binance Oinonen’s findings point to a sharp increase in whale-level participation, as well as a notable contribution from mid-tier investors, which could have implications for broader market behavior. Citing CryptoQuant’s on-chain metrics, the analyst revealed that Binance’s inflow data shows that wallets depositing between 10 and 100 BTC now account for 40% of all Bitcoin inflows. These wallet sizes typically belong to high-net-worth individuals, trading firms, or mid-sized institutions—those who sit between retail traders and deep-pocketed whales. In contrast, whale-level inflows (100–1,000 BTC) currently represent 20% of the total, highlighting that mid-tier players may be driving more exchange activity than larger whales at this time. Interestingly, whale activity still made a major appearance recently. On June 16, inflows of 10,000 BTC surged and made up 83% of total exchange inflows on Binance that day, reinforcing earlier observations from Oinonen about increased whale presence over the past year. According to CryptoQuant’s whale ratio metric, that presence has reportedly jumped by as much as 400% since mid-2023. Binance Deposit Data Points to Rising Institutional Interest Beyond just inflow ratios, Binance’s overall deposit metrics suggest a growing trend of larger average deposits. The average Bitcoin deposit rose from 0.36 BTC in 2023 to 1.65 BTC in 2024. The exchange processed $21.6 billion in user fund deposits in 2024, roughly 40% more than the combined totals of the next ten crypto exchanges. Despite the growing institutional footprint, the significant portion of deposits in the 10–100 BTC range shows that mid-level market participants remain active contributors to the trading ecosystem. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer This data may reflect a broader shift in how BTC is being accumulated and moved, where influence is shared between whales and mid-sized investors. While whale flows often generate headlines, the consistent presence of mid-tier wallets can signal healthier market participation and a more distributed form of liquidity provision across the board. With Bitcoin still consolidating near key price levels, these on-chain trends could help shape its next breakout, whenever it comes. Featured image created with DALL-E. Chart from TradingView
Gemini has introduced a tokenized version of Michael Saylor’s Strategy (MSTR) stock, marking a significant step in expanding onchain investment opportunities for European users. This launch addresses the limitations of
XRP is capturing renewed investor interest as a key bullish indicator signals a potential surge reminiscent of its previous 420% rally. The MV RV Z-Score metric, a sophisticated valuation tool,
BitcoinWorld Trump’s Urgent Tax Bill: July 4 Deadline and Critical Economic Impact The world of finance and politics is abuzz with the latest pronouncement from former U.S. President Donald Trump regarding a crucial tax and spending bill. While a July 4 deadline has been emphasized, Trump’s recent remarks suggest a degree of flexibility, signaling a complex legislative journey ahead. For anyone tracking market movements and economic shifts, understanding the nuances of this potential Trump tax bill is par amount. This development carries significant weight, not just for traditional markets but also for the broader financial landscape, including the burgeoning cryptocurrency space, which often reacts to major economic policy shifts. What’s the Significance of the July 4 Deadline? When President Trump first mentioned a July 4 deadline for the comprehensive tax and spending bill, it immediately grabbed headlines. The choice of Independence Day is highly symbolic, aiming to evoke a sense of patriotic urgency and a fresh start for the American economy. Historically, such symbolic deadlines are used to galvanize political will and create momentum for legislative action. However, as Trump himself noted, this deadline, while significant, is not set in stone. The idea is to push lawmakers towards a swift resolution, but the reality of legislative processes often dictates a more drawn-out timeline. A ‘tax and spending bill’ typically encompasses a wide array of proposals, from adjustments to corporate and individual income tax rates to new government spending initiatives. These bills are designed to stimulate economic growth, reduce the tax burden on specific groups, or fund critical public programs. The flexibility mentioned by Trump, including the possibility of extending the timeline beyond August if necessary, indicates an awareness of the formidable challenges in drafting and passing such a sweeping piece of legislation. This flexibility, while pragmatic, can also introduce uncertainty into markets, as investors prefer clear timelines and predictable policy. Why is There Mounting Legislative Pressure? The push for a new tax and spending bill comes amidst mounting legislative pressure from various fronts. Political parties, aiming to fulfill campaign promises or solidify their economic platforms, are keen to see significant policy changes enacted. For Republicans, tax cuts often represent a core tenet of their economic philosophy, aiming to boost business investment and job creation. Democrats, on the other hand, might focus on ensuring fairness in the tax code and directing spending towards social programs or infrastructure. Beyond party lines, special interest groups, industry lobbyists, and even the general public exert considerable pressure. Businesses seek favorable tax environments to foster growth, while consumers hope for relief from rising costs or increased disposable income. The current economic climate, characterized by inflation concerns and potential recessionary fears, amplifies this pressure. Lawmakers are tasked with balancing these diverse demands while navigating the complex political landscape of Capitol Hill. The stakes are high, as the outcome of this bill could profoundly impact various sectors of the economy and the daily lives of millions of Americans. Unpacking the Potential Economic Impact Any major tax and spending bill is expected to have a substantial economic impact . If tax cuts are enacted, businesses might reinvest their savings, leading to increased production, hiring, and potentially higher wages. For individuals, lower taxes could mean more disposable income, stimulating consumer spending. Conversely, significant spending programs could inject capital into specific industries, creating jobs and driving innovation. However, there are also potential downsides to consider. Large tax cuts without corresponding spending reductions could swell the national debt, potentially leading to higher interest rates in the long run. Similarly, increased government spending, if not managed carefully, could exacerbate inflationary pressures. The cryptocurrency market, in particular, often reacts to broader macroeconomic indicators and government fiscal policy. Policies that increase national debt or inflation might lead investors to seek alternative assets like Bitcoin, which some view as a hedge against traditional financial instability. Conversely, policies that foster strong economic growth and stability could reduce the perceived need for such hedges. The precise effects will depend on the specifics of the bill – which industries benefit, how it’s funded, and its overall scale. Key Areas of Potential Impact: Corporate Sector: Lower corporate taxes could incentivize companies to repatriate profits, invest domestically, and expand operations, potentially boosting stock market performance. Small Businesses: Simplified tax codes or specific deductions could provide much-needed relief and encourage entrepreneurship. Individual Consumers: Changes to income tax brackets, deductions, or credits directly affect household budgets and purchasing power. Inflation: The overall fiscal stimulus or contraction could influence inflation rates, impacting the cost of living and the value of currency. Investment Landscape: Shifts in tax policy can alter the attractiveness of different asset classes, including real estate, stocks, bonds, and even digital assets. Navigating Future Fiscal Policy: What to Expect? The discussions surrounding this bill are a preview of future fiscal policy directions under a potential new administration. Fiscal policy, which involves the government’s use of spending and taxation to influence the economy, is a powerful tool. The approach taken with this bill could signal a commitment to supply-side economics (focused on production and investment through tax cuts) or a more demand-side approach (focused on stimulating consumption through government spending or direct aid). Understanding the proposed changes is crucial for businesses and investors. For instance, if the bill includes provisions that favor specific industries, those sectors might see increased investment and growth. If it aims to simplify the tax code, it could reduce compliance burdens for businesses of all sizes. Conversely, complex new regulations or targeted taxes could create headwinds for certain economic activities. The ongoing debate highlights the delicate balance policymakers must strike between stimulating growth, managing debt, and ensuring economic equity. Challenges and Considerations Ahead: Passing a comprehensive tax and spending bill is rarely straightforward. Several challenges could delay or alter its passage: Political Gridlock: Deep partisan divides can make consensus difficult, leading to prolonged negotiations or even legislative stalemates. Economic Data: Shifting economic indicators, such as inflation rates, unemployment figures, or GDP growth, could necessitate revisions to the bill’s proposals. Public Reception: The bill’s perceived fairness and its potential impact on different income groups will heavily influence public support, which can, in turn, affect political will. Unforeseen Events: Global events, geopolitical tensions, or domestic crises could shift legislative priorities and resource allocation. The flexibility Trump mentioned is a recognition of these inherent difficulties. It suggests a pragmatic approach to legislation, prioritizing eventual passage over strict adherence to an initial timeline. For market participants, this means continued vigilance and adaptability will be key. A Critical Juncture for the Economy Donald Trump’s emphasis on the July 4 deadline for a tax and spending bill, while acknowledging its flexibility, underscores the urgency and complexity of the economic policy landscape. The mounting legislative pressure reflects diverse interests and the critical need to address current economic challenges. The potential economic impact of such a bill could reshape industries, influence consumer behavior, and set the tone for future fiscal policy. As discussions evolve, stakeholders across all financial sectors, including those deeply invested in the dynamic world of cryptocurrencies, will be watching closely to understand how these proposed changes might ripple through the global economy. To learn more about the latest economic trends and how fiscal policy shapes the financial landscape, explore our article on key developments shaping the global economy and its impact on cryptocurrency markets. This post Trump’s Urgent Tax Bill: July 4 Deadline and Critical Economic Impact first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Trump Economic Policy Unleashes Market Uncertainty In a move that sent ripples across global financial markets, U.S. President Donald Trump recently voiced strong opinions on monetary policy and trade, statements that carry significant weight for investors, including those in the dynamic cryptocurrency space. Odaily Planet News reported on these pivotal announcements, highlighting Trump’s call for Federal Reserve Chair Jerome Powell to lower interest rates and his intent to issue new tariff notices. Understanding the implications of these declarations is crucial for anyone navigating the current financial landscape, as they directly influence the Trump Economic Policy and its broader effects. Understanding Trump’s Economic Policy Demands President Trump has consistently advocated for lower interest rates, viewing them as a crucial tool to stimulate economic growth and maintain the competitive edge of the United States. His recent remarks reiterate this stance, putting pressure on the Federal Reserve to ease its monetary policy. Simultaneously, the announcement of impending new tariff notices signals a continuation, and perhaps an escalation, of his administration’s assertive trade strategy. This two-pronged approach – monetary loosening and trade protectionism – forms the bedrock of what many define as Trump Economic Policy . What are the potential motivations behind such strong pronouncements, and how do they align with his ‘America First’ agenda? Trump’s economic philosophy often prioritizes domestic industry and aims to reduce trade deficits. His calls for rate cuts are rooted in the belief that lower borrowing costs will encourage business expansion, job creation, and a more competitive U.S. dollar, boosting exports. On the trade front, tariffs are seen as a tool to force other nations to negotiate more favorable trade deals, even if it means temporary disruptions. These policies collectively shape the distinctive Trump Economic Policy that has characterized his tenure. The Federal Reserve Rates Conundrum: Will Powell Budge? The Federal Reserve, under Chairman Jerome Powell, operates with a dual mandate of maximizing employment and maintaining price stability. While presidential pressure is a constant, the Fed typically bases its decisions on economic data, striving for independence from political influence. Trump’s call for lower Federal Reserve Rates comes amidst ongoing debates about inflation, employment figures, and global economic headwinds. A rate cut could make borrowing cheaper, potentially boosting corporate profits and consumer spending, but it could also signal underlying economic weakness or risk overheating the economy. Key Considerations for Federal Reserve Rates: Economic Data: The Fed primarily reacts to indicators like inflation, GDP growth, and unemployment rates. Global Context: International economic slowdowns or geopolitical tensions can influence the Fed’s stance. Market Expectations: Central bank decisions often aim to manage market expectations to avoid undue volatility. The market will be watching closely to see if the central bank yields to political pressure or maintains its independent course regarding Federal Reserve Rates . The decision will have far-reaching implications for everything from mortgage rates to corporate investments. Global Trade Tariffs: A New Wave of Disruption? The impending dispatch of letters outlining new Global Trade Tariffs suggests that trade tensions are far from over. Tariffs are taxes on imported goods, intended to protect domestic industries and encourage local production. While proponents argue they level the playing field, critics warn of retaliatory measures, increased consumer costs, and disruptions to global supply chains. The countries targeted by these new obligations could face significant economic challenges, and the ripple effects of escalated Global Trade Tariffs could be felt worldwide. Potential Impacts of New Tariffs: Increased Consumer Prices: Tariffs are often passed on to consumers, leading to higher costs for imported goods. Supply Chain Disruptions: Businesses may struggle to source materials or components, leading to production delays and higher operational costs. Retaliation: Targeted countries may impose their own tariffs on U.S. goods, harming American exporters. Uncertainty: The unpredictability of trade policy can deter long-term business investment. What specific industries or nations might be affected, and how will they respond to these renewed challenges in Global Trade Tariffs ? Potential Crypto Market Impact: Navigating Volatility How do these traditional economic maneuvers affect the decentralized world of digital assets? The interplay between macroeconomics and the Crypto Market Impact is complex. Historically, cryptocurrency markets have shown sensitivity to broader economic trends, though sometimes acting as a counter-cyclical hedge. Interest Rate Cuts and Crypto: Lower interest rates in traditional finance can sometimes make riskier assets, like cryptocurrencies, more attractive as investors seek higher yields than those offered by low-interest savings or bonds. A weaker dollar, often a consequence of rate cuts, can also make Bitcoin and other cryptocurrencies more appealing as alternative stores of value against fiat currency devaluation. Trade Tariffs and Crypto: Escalating trade wars create economic uncertainty, which can lead investors to seek ‘safe haven’ assets. While gold has traditionally filled this role, Bitcoin is increasingly being considered as a digital alternative due to its decentralized nature and limited supply. However, extreme volatility stemming from global economic instability could also lead to a flight to liquidity, where all assets, including crypto, face sell-offs. The overall sentiment around these policy decisions will undoubtedly influence the broader Crypto Market Impact , potentially leading to increased volatility or new investment trends. What This Means for the US Economic Outlook The combined effect of potential interest rate adjustments and new trade barriers paints a nuanced picture for the US Economic Outlook . While lower rates could provide a short-term boost to certain sectors, persistent trade disputes could hinder long-term growth and lead to higher inflation due to increased import costs. Businesses face uncertainty regarding investment decisions, and consumers might grapple with fluctuating prices for everyday goods. The administration’s policies aim to strengthen domestic industries, but the global interconnectedness of economies means that unilateral actions often have far-reaching consequences. Monitoring these developments will be crucial for understanding the trajectory of the US Economic Outlook in the coming months. Will these policies lead to sustained prosperity, or will they introduce new challenges that necessitate a recalibration of economic strategies? The answers will unfold as markets react and policymakers respond to the evolving landscape. President Trump’s latest economic pronouncements underscore a period of significant uncertainty and potential shifts in global financial dynamics. From the tug-of-war over interest rates with the Federal Reserve to the looming threat of new trade tariffs, these decisions will undoubtedly shape not only traditional markets but also the burgeoning cryptocurrency ecosystem. Investors and market watchers alike must remain vigilant, adapting strategies to navigate the evolving landscape defined by these powerful policy moves. The coming weeks will reveal the initial responses to these tariff notices, setting the stage for further market reactions and influencing the global economic trajectory. To learn more about the latest crypto market trends, explore our articles on key developments shaping the global financial landscape . This post Trump Economic Policy Unleashes Market Uncertainty first appeared on BitcoinWorld and is written by Editorial Team
According to on-chain analyst Ai Auntie (@ai_9684xtpa), prominent whale trader AguilaTrades has increased their BTC 20x leveraged long position to $160 million as of early this morning. The sizable position
Robinhood Markets is deepening its crypto push with the launch of micro-futures contracts for three major digital assets: Bitcoin (BTC), Ripple (XRP), and Solana (SOL). Announced on Friday, the move marks a significant expansion of the company’s crypto derivatives offerings. The new contracts are part of Robinhood’s larger mission of bringing complex financial products to the masses of retail traders. Micro futures allow traders to bet for or against the price action of digital assets with much less of an upfront investment. Each contract contracts at a smaller size than the standard size of a futures contract, thus allowing for smaller individual retail trading positions and a relatively low risk and lesser investment. Per the announcement, micro Bitcoin Friday futures, micro XRP futures, and micro Solana futures are now listed on the platform. All contracts are cash-settled and traded almost 24 hours a day, five days a week. “These products are intentionally built to be intuitive and user-friendly,” Robinhood said. “They help to democratize access to crypto futures markets for the everyday retail investor.” With these new futures, Robinhood is looking to cater to an increasing portion of retail traders hungry for more flexible and diversified crypto trading options but do not want to jump to more sophisticated and expensive platforms like Binance or CME. Robinhood expands on crypto futures launched earlier this year Introducing these new futures comes on top of Robinhood’s derivatives products already on the market. In early 2024, Robinhood introduced crypto futures, with Bitcoin and Ethereum the first to be offered. Those were followed by micro Bitcoin and Friday futures — weekly contracts designed to capture Friday price volatility. The new XRP and Solana futures offer Robinhood’s futures to four crypto assets. XRP and Solana are two of the most actively traded altcoins on the market. Their debut is an indication that there is an appetite for more diverse crypto derivatives than just Bitcoin and Ethereum. Robinhood’s crypto futures contracts are fully cash-settled, so no actual crypto is delivered. This gives traders exposure to price without taking responsibility for wallets or custody. The company has also slowly stepped up its futures offerings beyond crypto. The firm now enables trading in futures tied to indices, currencies, and commodities — all part of an overall shift to become a one-stop shop for modern investing. Robinhood pushes global expansion after Bitstamp acquisition And Robinhood’s push into crypto is also part of its broader global strategy. Previously, in June, it finalized its purchase of Bitstamp , one of the world’s oldest, most respected crypto exchanges, for about $200 million. Bitstamp has a solid infrastructure, a growing international customer base, and relevant regulatory licenses in Europe, Asia, and elsewhere. Robinhood received over 50 active licenses and registrations with the acquisition, equipped to expand its crypto operations outside the US. This is largely interpreted as a reaction to increasing competition in the global crypto sector. Large exchanges like Coinbase, Kraken, and Binance have widened internationally, especially in more crypto-friendly regulatory environments. Robinhood is also considering the purchase of WonderFi, a Canadian digital asset platform backed by the investor and entrepreneur Kevin O’Leary. This particular takeover would further solidify their footprint in Canada and bring some DeFi to their existing offerings. Robinhood CEO Vlad Tenev has been emphatic that his company views crypto as a long-term growth focus. Lately, he has described Robinhood’s vision to become a “financial super app” that does everything from stock trading to banking, crypto, and financial education. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites