George from CryptoRUs breaks down the latest Bitcoin price crash, the impact of new tariffs, and a rumored crypto tax break that could change the game.
1. Bitcoin Drops as Wall Street Panics
Key Highlights:
- Bitcoin fell from $93,000 to $83,000 in a single day as markets sold off risk assets.
- The main reason is new US tariffs on China, Mexico, and Canada, which are sparking fears of inflation.
- Major stocks like Nvidia (-9%), Tesla (-7%), and MicroStrategy (-5%) are also down.
- Because institutions now hold large amounts of Bitcoin ETFs, their sell-offs are dragging Bitcoin down too.
2. Tariffs Are Fueling Economic Fears
Key Highlights:
- Trump has imposed higher tariffs on imported goods.
- China, Mexico, and Canada are retaliating with their own tariffs, worsening market uncertainty.
- US retailers warn that consumer prices will rise, which could increase inflation and delay Fed rate cuts.
- This uncertainty is pushing investors to sell riskier assets, including Bitcoin.
3. A Huge Crypto Tax Break Could Be Announced This Friday
Key Highlights:
- A leaked report suggests the US may introduce a crypto tax exemption.
- The rumored policy states that US-based crypto held for over one year will not be subject to capital gains tax.
- If true, this would be a massive boost for long-term investors and could drive Bitcoin and certain altcoins much higher.
- The exemption may apply only to cryptos that Trump previously mentioned in his crypto reserve plan, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
4. Whales Are Buying the Dip
Key Highlights:
- Over 25,000 Bitcoin were withdrawn from exchanges in recent days.
- This suggests large buyers and institutions are quietly accumulating despite the price drop.
- Most of these purchases are happening over-the-counter, meaning they don’t immediately affect price action.
5. Institutional Adoption Continues With More Crypto ETFs Coming
Key Highlights:
- The SEC is softening its stance on crypto, dropping lawsuits against major companies.
- More ETFs are on track for approval, including Hedera, Dogecoin, Cardano, and Solana.
- Once approved, these ETFs could bring in even more institutional money.
6. Tesla, Apple, and the Tariff Effect
Key Highlights:
- Apple relies on China for iPhone production, so higher tariffs could force price hikes or lower profits.
- Tesla’s valuation is extremely high, but falling demand and higher costs could lead to stock troubles.
- If Tesla and Apple stocks continue to slide, overall market sentiment could remain bearish.
Final Take
Bitcoin’s sell-off is driven by Wall Street panic over tariffs, but whales are still accumulating. If the crypto tax break rumor is true, it could trigger a huge rally for US-based cryptocurrencies. The next major event to watch is this Friday’s potential tax announcement. If confirmed, it could change the game for long-term investors.
