"Bitcoin mirrors characteristics of gold," traders believe Currently, financial institutions believe that due to the tariffs, global trade is likely to be strictly limited and face a massive decline. Much of this trade is denominated in U.S. dollars. Therefore, the demand for dollars is going to plunge. D’Agostino referred to this as “de-dollarization.”
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President Donald Trump’s reciprocal tariff unveiling had led to a $5.4 trillion U.S. equities market wipeout in just two days as the S&P 500 index dropped to its lowest level in 11 months and the Nasdaq 100 entered bear market territory.
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Bitcoin's options market shows renewed bullishness following the Federal Reserve meeting, indicating investor interest in topside bets.
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