FameEX Morning Crypto News Recap | May 7, 2025

U.S. Treasury Secretary Set to Unveil Deal with Key Trading Partners This Week

On May 6, Treasury Secretary Bessent stated that trade agreements with several major trading partners could be announced as early as this week.

Treasury Secretary Bessent: U.S. Remains Top Destination for Global Capital, Expects Trump Policies to Boost GDP to 3% in 2026

On May 6, Treasury Secretary Bessent said at the Milken Institute Global Conference that the U.S. remains the top choice for global capital. He anticipates 3% GDP growth next year, driven by Trump administration policies focused on tax cuts and deregulation.

U.S. Trade Deficit Hits Record High of $140.5 Billion in March

In March, the U.S. trade deficit hit a record $140.5 billion, surpassing expectations of $137 billion. The prior figure was revised from $122.7 billion to $123.2 billion.

Greeks.live Briefing: Traders Eye Key Bitcoin Range Between $90,000 and $92,000

Greeks.live reports a cautiously bullish market, with traders focusing on Bitcoin's $90,000 to $92,000 range. Options strategies dominate, while participants remain wary of positions that may be hard to exit.

Survey Reveals Over 55% of Respondents Question Dollar’s Role as a Safe-Haven Asset

A Reuters survey from April 30 to May 6 found that over 55% of respondents questioned the dollar's safe-haven status, up sharply from around one-third in April.

IBIT Draws Capital for 15 Straight Days, Climbs to Sixth in Annual Inflows

On May 6, Bloomberg's Eric Balchunas reported IBIT saw $500 million in inflows, marking 15 consecutive days and surpassing GLD to rank sixth in annual ETF inflows.

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