The Bitcoin narrative has completely collapsed, now inversely correlated with global M2. Can't use the anti-inflation story anymore~ Add on the threats of AI and quantum computers, the end is here, silly $BTC believers.
According to CoinDesk, Cash App, a payment application under Block, has expanded the trading scope of encrypted assets from Bitcoin and USDC to tokens such as ETH, SOL, XRP, and USDT by integrating the encrypted payment platform MoonPay. Eligible US users can use their Cash App balance to purchase the aforementioned assets and recharge wallets such as Ledger, BitPay, Trust Wallet, MetaMask, Uniswap, etc.
US President Trump stated that there are no ongoing or arranged negotiations or dialogue with Iran, the naval blockade remains fully effective, the Strait of Hormuz is open and functioning normally, and all mines have been removed or detonated.
According to Bitcoin Magazine, asset management company BlackRock, which manages assets of approximately $15 trillion, remains bullish on Bitcoin despite a 50% drop in its price from historical highs. BlackRock stated that the core investment logic of Bitcoin as an emerging global currency alternative and a unique investment portfolio diversification tool has not changed.
The US stock market opened lower, with the Dow Jones Industrial Average falling 157 points, the Nasdaq falling 297 points, and the S&P 500 index falling 0.57%.
