FameEX Morning Crypto News Recap | May 14, 2025
2025-05-14 07:17:37Trump: U.S. Will Impose Tariffs on Nations That Tax American Goods
On May 13, President Trump announced plans to impose new tariffs on nations taxing U.S. goods. He also highlighted progress on what he called the largest tax cut bill in history, predicting it will boost the U.S. economy and trigger a sharp stock market rally.
Trump to Unveil New Trade Deal as 20–25 Agreements Remain Under Negotiation
On May 14, U.S. National Economic Council Director Hassett said President Trump will announce a new trade deal upon his return. He also revealed that 20–25 trade agreements are currently under negotiation.
Bank of America Survey Finds Investor Dollar Holdings Drop to Lowest Level in 19 Years
A May survey by Bank of America revealed investor exposure to the U.S. dollar fell to a 19-year low, with 17% cutting holdings—the most since 2006. Meanwhile, 40% seek protection against dollar depreciation. Belief that the dollar is overvalued dropped to 57%, down 12 points—the sharpest monthly fall since September 2023.
Billionaire Tim Draper Predicts Bitcoin Will Replace the U.S. Dollar Within a Decade
Billionaire Tim Draper predicts Bitcoin will reach $250,000 by the end of 2025 and replace the U.S. dollar’s dominance within a decade. He advises companies to hold Bitcoin reserves as protection against fiat bank runs and to prepare for a global transition toward a Bitcoin-based financial system.
Short-Term Bitcoin Holdings Surge to Highest Level of this year
On May 13, Sentora (formerly IntoTheBlock) reported that short-term Bitcoin holdings reached their highest level since January. This surge suggests active accumulation by new investors and aligns with growing bullish sentiment in the crypto market.
U.S. April Inflation Holds Steady, but Economists Caution Trade War Could Trigger Price Spike
U.S. inflation held steady in April, with the CPI up 2.3% year-on-year and core CPI rising 2.8%, matching March’s figure. Economists caution this stability may be short-lived, as Trump’s trade war could soon drive consumer prices higher, potentially ending the current period of inflationary calm.
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