Crypto Market Slumps Despite Rate Cuts and Trade Truce Hopes
Global crypto markets continued to struggle on Thursday, even as the U.S. and China made progress toward easing trade tensions and the Federal Reserve delivered an expected interest rate cut. U.S. Treasury Secretary Scott Bessent announced that Washington would temporarily lift certain technology export restrictions on Chinese firms. In exchange, Beijing agreed to pause its […]
Bitcoin drops to new weekly lows as traders digest Fed cut and uncertain US–China deal
Bitcoin slid to fresh weekly lows on Thursday as Wall Street opened, mirroring a wider pullback in risk assets despite supportive macro factors. BTC retests $107,000 support zone According to TradingView data, Bitcoin briefly fell toward the $107,000 mark — a critical support level that defines the lower boundary of its recent trading range. Bulls […]
US Senator Slams Binance.US Over USD1 Listing After CZ Pardon
Connecticut Senator Chris Murphy has accused Binance.US of having questionable ties to the recent pardon of former Binance CEO Changpeng “CZ” Zhao by US President Donald Trump. Murphy’s comments came after Binance.US announced the listing of USD1 — the stablecoin linked to Trump’s family-backed crypto venture, World Liberty Financial. In a post on X, the […]