Last week, the crypto market experienced significant fluctuations mainly due to regulatory changes, macroeconomic tensions, and recent decisions by the Binance exchange. The emerging trade war, possible covert implementation of expansionary monetary policies, and the historic agreement between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) were among the influential events of the week. Binance announced the delisting of 14 altcoins, leading to a sharp drop in their prices. Arthur Hayes, co-founder of BitMEX exchange, predicts Bitcoin could reach $1 million if the U.S.-China trade war intensifies. Some analysts suggest that the Federal Reserve may be covertly injecting liquidity into the market, potentially contributing to Bitcoin’s stability above $70,000. Ripple and the SEC are working to finalize their legal battle. Trump’s tariffs exempt China, impacting global dependency on decentralized assets like cryptocurrencies.
