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🌙 Bitcoin Extends Gains After Trump Softens Tariffs

Bitcoin jumped above $90,000 amid hopeful signs that U.S. President Donald Trump would scale back tariffs, despite lingering uncertainties.

Author

Mike Gavela
March 05, 2025

Crypto Roundup - March 5

Recent financial movements in the cryptocurrency market have highlighted significant influences and regulatory challenges. Bitcoin's value has risen amidst expectations of rate cuts fueled by President Trump's tariffs, suggesting a complex interplay between global economic policies and cryptocurrency valuations. Simultaneously, Wall Street's impact on Bitcoin's volatility has come under scrutiny, with debates about its potential role in recent market downturns. Furthermore, the IMF's demands on El Salvador to disclose Bitcoin wallet balances of state users as part of a loan agreement emphasize increasing global regulatory pressures on crypto assets, raising concerns about privacy and the autonomy of national crypto initiatives.

Top Stories

  • Bitcoin's value increases: Anticipated U.S. rate cuts in response to new tariffs push Bitcoin's prices up.

  • Wall Street's influence questioned: Speculations arise about Wall Street's possible role in Bitcoin's recent declines.

  • IMF pressures El Salvador: The IMF demands transparency in Bitcoin balances from El Salvador's state users, affecting national cryptocurrency strategies.

TOP STORIES

Bitcoin Rises as Trump Tariffs Lift Rate Cut Hopes, Stoke Growth Concerns - Decrypt

Bitcoin jumped above $90,000 amid hopeful signs that U.S. President Donald Trump would scale back tariffs, despite lingering uncertainties.

decrypt.co/308765/bitcoin-rises-trump-tariffs-lift-rate-cut-hopes

Is Wall Street Behind the Bitcoin Bloodbath? - "The Defiant"

Master Ventures co-founder Kyle Chassé says hedge fund arbitrage strategies that kept Bitcoin stable on the way up are exacerbating volatility as they exit.

thedefiant.io/news/research-and-opinion/is-wall-street-behind-the-bitcoin-bloodbath

IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users

Before El Salvador shuts down Chivo, the IMF wants the names, wallet addresses, and BTC holdings of all legal persons controlled by the state.

protos.com/imf-wants-to-doxx-chivo-wallets-btc-balances-of-el-salvador-state-users

FUNDRAISING

OTHER HEADLINES

DeFi Lender Aave Weighs Changing Tokenomics to "Fee Switch on Steroids" - "The Defiant"

Community members of Aave, the largest lending platform in decentralized finance by total-value locked, made a proposal to change the protocol token’s economic model, aka “Aavenomics.”

thedefiant.io/news/defi/defi-lender-aave-weighs-changing-tokenomics-to-fee-switch-on-steroids

Solana Foundation president cautions SIMD-0228 could spook institutions

In an X Spaces debate, Lily Liu urged Solana to take a more holistic approach on inflation.

blockworks.co/news/solana-proposal-could-spook-institutions

Judge Denies Elon Musk's Bid to Block OpenAI's Nonprofit Transition - Decrypt

Elon Musk's high-stakes legal battle with ChatGPT maker OpenAI took a new turn Tuesday, though the judge offered to expedite the trial.

decrypt.co/308799/judge-denies-elon-musk-bid-block-openai

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