Bitcoin price It fell sharply, but every rapid decline has a break rise. Although it is unclear when this will happen, this is what we are used to with cryptocurrencies. There is a meeting between Iran and the USA tomorrow. Today, the US Treasury Secretary says important things about both cryptocurrencies and Iran.
USA Cryptocurrencies
Treasury Secretary Bessent is making important statements today, following his testimony to Congress yesterday. In his ongoing statements while the article was being prepared, he discussed many issues from customs duties to China, credit card interest limit and cryptocurrencies. The important highlights of his statements are as follows:
- The idea of temporary AI safeguards in finance is interesting.
- We will certainly not support lowering tariffs on Canadian goods.
- We couldn’t give Canada a reduction in tariffs after the trade deal with China.
- The exact opposite of my 2024 prediction regarding customs duties happened.
- I predicted that in 2024, tariffs would lead to inflation and the strengthening of the dollar.
- US Treasury Secretary Bessent responded to the question about the impact of credit card limits on ABS: The Treasury is examining the possible effects of the limits on the ABS market.
- Trump talked about introducing a 1-year limit on card interest rates.
- There are many rumors that China is developing crypto assets backed by something other than Renminbi.
- I don’t know if China has done any work on crypto assets.
- China is conducting important experiments with cryptocurrencies in Hong Kong.
- Rats are abandoning ship in Iran.
- The Iranian administration is transferring money like crazy.
- The Iranian government’s moves are a good sign that the end is near.
- We are at the beginning of a manufacturing boom in the United States.
This is the first time we have seen such a detail about Iran. If the administration is pumping out money, it shows that rumors of regime change may not be just a conspiracy theory. The outcome of tomorrow’s Oman meeting will be important. He was the first to undertake the mission of not leaving cryptocurrencies to China. trump put it forward and the Secretary of the Treasury embraces it. If China takes action on crypto or the US steps up to leave them behind, it would benefit spot markets.
BTC It lingers around 68 thousand dollars. 00:00 Amazon earnings report and at 03:00 at night Trump will speak on “TrumpRX”. Iran talks are expected to start at 09:00. Meanwhile, at the Asian market opening, Masu from the Bank of Japan will speak in the middle of all this chaos. carry trade If we hear things that will fuel the debate, this week will make its name in the history of cryptocurrencies.
