BTC breaks through $57,000

The dollar index, which measures the greenback against major currencies, rose 0.17 percent on the day to close at 104.223 in late foreign exchange trading.

Cryptocurrency analyst Ali pointed out that Ethereum needs to break through two key resistance levels in a row to confirm the trend reversal. The primary goal is to recover the psychological level of $2,100, and a decisive break through $2,300 will establish a bullish structure.

Spot gold and COMEX gold futures both continued to hit new highs. Spot gold rose 1.25% to $3123.71/ounce, up 9.33% in March and 18.48% in the first quarter; COMEX gold futures rose 1.23% in June to $3156.4, up 9.05% in March and 17.21% in the first quarter.

Miller Whitehouse-Levine, former CEO of the DeFi Education Fund, on Monday announced the creation of the Solana Policy Institute, a nonprofit organization aimed at educating lawmakers and regulators in Washington about cryptocurrencies "beyond bitcoin." The institute's goal is to work with the newly established cryptocurrency task force of the Securities Exchange Commission (SEC) and the future leadership of the Commodity Futures Trading Commission, and to influence the development of related bi...

The three major U.S. stock indexes closed up and down differently. The Dow rose 1%, fell 4.2% in March, and fell 1.28% in the first quarter. The S & P 500 rose 0.55%, and fell 5.75% in March, the largest monthly decline since October 2022. The first quarter fell 4.59%, the largest quarterly decline since the fourth quarter of 2022. The Dow fell 0.14%, and fell 8.21% in March, the largest monthly decline since 2023. The first quarter fell 10.42%, the largest quarterly decline since the third quar...

Fed Williams said there is a real risk of higher inflation than the Fed forecasts. Inflation is forecast to remain relatively stable this year, but there are upside risks. The possibility of a recession is not predicted, and the economy is currently very solid supported by a good job market; there is no stagflation in the current economy, and the economy is expected to continue to grow, but at a slower rate than last year.

Barkin said the underlying assumption was that it would take some time for the FOMC to get a clear picture of the impact of the tariffs. Suppliers are more emboldened and they will have to pass on higher prices to consumers, who say they are tired of paying higher prices.

The Fed's Mr. Williams said it was still in the early stages of assessing the impact of the tariffs. There is still a lot of uncertainty about the tariffs, and details are crucial. Data needs to be watched to measure the impact of the tariffs, and the full impact of the tariffs could be felt over a long period of time.

Barkin said that to cut interest rates, one needs to have confidence in inflation; now is not the time to say how many rate cuts are expected this year. Stagflation in the 1970s was characterized by misaligned inflation expectations, but that has not been seen yet. Concerned about inflation and employment, there is no rush to cut interest rates. And said that balance sheet shrinkage is likely to be slower and longer.

The SEC and Mr. Musk filed a joint motion to set a date for Mr. Musk to respond to the SEC complaint. The motion said Mr. Musk had until June 6, 2025, to answer or otherwise respond to the SEC's allegations.

President Trump will announce his reciprocal tariff policy at an event in the White House Rose Garden on Wednesday, White House press secretary Levitt said. Trump's announcement was primarily "country-based" tariffs, Levitt said, but he also "committed" to implementing industry tariffs at another time. Levitt said members of Trump's cabinet will attend the announcement ceremony. Levitt said: "The president will announce a tariff plan that will reverse decades of...

The Trump family appears to be strengthening its control over WLFI. WLFI was announced before Trump's inauguration, but is still in the development stage. According to a report published by Reuters on Monday, the Trump family further consolidated its control of World Liberty in January by forming WLF Holdco LLC. Among them, DT Marks DeFi LLC is an affiliated entity of Trump and some of his family members, holding a 60% stake in the new company WLF Holdco LLC, while WLF Holdco LLC holds a 60% sta...