Bitcoin wants to go up, but Trump’s tariffs aren’t helping: Will the admin TACO again?

This week, Bitcoin is facing a potential dip below $100,000, as warned by Geoffrey Kendrick from Standard Chartered. He suggests that this drop could be a fleeting moment, marking the last time Bitcoin trades below six figures. This news is significant as it reflects ongoing volatility in the cryptocurrency market, which has been under scrutiny despite a broader bullish outlook from the bank. Investors are keenly watching these developments, as they could influence market sentiment and trading strategies.

In the latest Crypto Daybook for the Americas, analysts discuss how risk proxies are impacting Bitcoin's recent bounce, while highlighting the performance of HYPE and XMR. This matters as it reflects the ongoing volatility in the cryptocurrency market and the factors influencing investor sentiment, which can affect trading strategies and market stability.

Today's updates on Trump and the crypto space highlight the former president's strong support for cryptocurrency initiatives. With proposals like the GENIUS and CLARITY acts, along with the crypto 401k initiative, Trump's administration is paving the way for a more crypto-friendly environment in the US. This is significant as it could influence future regulations and encourage more investment in the crypto market.

In a recent statement, Peter Schiff has doubled down on his belief that Bitcoin is destined to fail, predicting it will 'go to zero' while also claiming that the US dollar's dominance as the global reserve currency is waning. He envisions a shift back to a gold-based monetary system. This matters because it highlights the ongoing debate between traditional assets like gold and emerging cryptocurrencies, reflecting broader concerns about economic stability and the future of money.

Crypto transactions in the US have seen a remarkable surge, surpassing $1 trillion in the first half of 2025, according to a report by TRM. This 50% increase highlights the growing acceptance and integration of cryptocurrencies into the mainstream economy, particularly under President Donald Trump's administration. This trend is significant as it reflects a shift in financial behaviors and could pave the way for further innovations and regulations in the crypto space.

Recent insights from PlanB, the creator of the stock-to-flow model, suggest that the widely accepted four-year Bitcoin cycle may not be as reliable as previously thought. He cautions traders against relying solely on past cycles to predict future price peaks, emphasizing that the timing of these cycles can vary significantly. This perspective is crucial for investors as it challenges traditional assumptions about Bitcoin's price movements, urging them to adopt a more cautious approach in their trading strategies.

Tokyo-listed Quantum Solutions has made headlines by becoming the largest Ethereum treasury company outside the United States, having acquired over 2,300 ETH in just a week. This significant accumulation of 2,365 ETH not only showcases the company's rapid growth but also highlights the increasing global interest in Ethereum as a valuable asset. Such developments are crucial as they reflect the evolving landscape of cryptocurrency investments and the potential for further innovation in the blockchain space.

Senate Democrats are expressing serious concerns over the US Special Envoy to the Middle East, who has not divested from his cryptocurrency holdings, potentially violating federal ethics laws. This situation raises important questions about the integrity of public officials and their financial interests, especially as the cryptocurrency market gains more attention and scrutiny. The implications of this issue could affect public trust in government and the regulatory landscape for digital assets.

This week, Bitcoin is facing a potential dip below $100,000, as warned by Geoffrey Kendrick from Standard Chartered. He suggests that this drop could be a fleeting moment, marking the last time Bitcoin trades below six figures. This news is significant as it reflects ongoing volatility in the cryptocurrency market, which has been under scrutiny despite a broader bullish outlook from the bank. Investors are keenly watching these developments, as they could influence market sentiment and trading strategies.

Ledger has launched its new Nano Gen5, a hardware security device designed to provide affordable protection for AI-driven digital identities. This innovative product is significant as it addresses the growing need for secure digital identity management in an increasingly digital world, especially with the rise of AI technologies. By making security more accessible, Ledger aims to empower users to safeguard their personal information effectively.

Short-term holders in the cryptocurrency market are currently experiencing increased stress due to a cooling of speculative excess. This situation, while challenging, could ultimately lead to healthier market conditions as losses may reset the current speculative environment and stabilize overall sentiment. Understanding these dynamics is crucial for investors as it highlights the potential for a more balanced market moving forward.

The UK's Financial Conduct Authority (FCA) has filed a lawsuit against HTX for allegedly promoting cryptocurrency services to UK consumers without proper authorization. This legal action highlights the ongoing regulatory scrutiny in the crypto space, aiming to protect consumers from potential fraud and misleading practices. As the crypto market continues to grow, such enforcement actions are crucial for ensuring that companies comply with regulations, ultimately fostering a safer environment for investors.

The Netherlands is tightening its gambling regulations, which is significant for players and operators alike. These changes aim to create a safer gambling environment and protect consumers from potential harm. Understanding these new rules is crucial for players to navigate the evolving landscape and ensure they are compliant while enjoying their gaming experiences.

In the latest Crypto Daybook for the Americas, analysts discuss how risk proxies are impacting Bitcoin's recent bounce, while highlighting the performance of HYPE and XMR. This matters as it reflects the ongoing volatility in the cryptocurrency market and the factors influencing investor sentiment, which can affect trading strategies and market stability.