Bitcoin's Plunge and Strategic U.S. Moves
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Bitcoin Market Volatility: Bitcoin's price has plummeted below $84,300, reflecting market uncertainty regarding the Fed's interest rate policies, which has also led to an 8% to 12% drop in gold and silver prices, negatively impacting investor confidence.
- Trump's Economic Agenda: Trump highlighted U.S. oil companies expanding into Venezuela, which is expected to bring economic benefits to both nations, while emphasizing diplomatic efforts to prevent airspace closures, showcasing the potential for collaboration between the two countries.
- Inflation Trends: Treasury Secretary Bessent noted a downward trend in inflation indicators and predicted that 2026 will be a pivotal year, with increased Venezuelan oil production likely to lower gasoline prices, providing relief to consumers.
- Steel Production Leadership: Trump emphasized that the U.S. now outpaces Japan in steel production, demonstrating strong industrial performance, while hinting at potential tariff hikes, although the U.S. remains cautious on this issue.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
