FameEX Morning Crypto News Recap | May 14, 2025
2025-05-14 07:19:07Trump Vows Tariffs on Countries That Impose Duties on U.S. Products
On May 13, President Trump pledged new tariffs on countries taxing U.S. goods and touted progress on a historic tax cut bill. He projected the legislation would significantly boost the American economy and drive a sharp surge in the stock market.
Trump Set to Announce New Trade Deal with 20–25 More Agreements in Talks
On May 14, National Economic Council Director Hassett stated that President Trump will announce a new trade agreement soon and noted that approximately 20 to 25 trade deals are currently being negotiated.
Investor Dollar Holdings Fall to 19-Year Low, Bank of America Survey Shows
A May Bank of America survey showed investor exposure to the U.S. dollar hit a 19-year low, with 17% reducing holdings—the highest rate since 2006. Around 40% of respondents are now hedging against potential dollar weakness. Meanwhile, the share of investors viewing the dollar as overvalued fell sharply to 57%, down 12 percentage points—the steepest monthly decline since September 2023.
Billionaire Tim Draper Says Bitcoin Could Replace U.S. Dollar in Ten Years
Billionaire Tim Draper predicts Bitcoin will hit $250,000 by late 2025 and overtake the U.S. dollar within ten years. He urges companies to hold Bitcoin reserves to guard against fiat instability and align with a global shift toward a Bitcoin-driven financial system.
Short-Term Bitcoin Holdings Climb to Year’s Highest Level
Sentora (formerly IntoTheBlock) reported on May 13 that short-term Bitcoin holdings hit their highest level since January. The rise signals increased accumulation by new investors and reflects strengthening bullish sentiment across the cryptocurrency market.
U.S. April Inflation Remains Stable, Economists Warn Trade War Could Drive Price Increases
U.S. inflation remained stable in April, with CPI rising 2.3% year-on-year and core CPI up 2.8%, matching March’s rate. However, economists warn this calm may not last, as Trump’s trade war could soon push consumer prices higher, disrupting the current period of price stability.
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