FameEX Morning Crypto News Recap | April 15, 2025
2025-04-15 01:40:14Trump Mulls Temporary Tariff Relief for Imported Vehicles and Auto Parts
President Trump is weighing temporary tariff exemptions on imported cars and parts to give automakers additional time to establish production facilities in the U.S. A 25% tariff on fully assembled vehicles is already in place, while tariffs on parts may begin by May 3.
Trump States Stock Market Saw Its Biggest Weekly Gain on Record Last Week
On April 15, President Trump declared that the stock market had achieved its largest weekly gain in history. Despite this, all three major U.S. indexes dropped, with the Nasdaq turning negative. Trump had earlier predicted the market would strengthen once it adapted to his administration’s tariff policies.
EU Suspends Tariffs on €21 Billion Worth of U.S. Goods Until July 2025
The EU has paused retaliatory tariffs on €21 billion worth of U.S. goods until July 14, 2025, to allow space for continued trade negotiations with Washington and ease transatlantic tensions.
Bitcoin Mining Revenue Fell 7.4% in March
According to Jefferies, Bitcoin’s average price declined by 11.2% in March, while transaction fees fell 9.1%, leading to a 7.4% drop in mining profitability. Despite this, U.S.-listed mining companies increased production, generating 3,534 Bitcoins in March compared to 3,002 in February.
U.S. Treasury Secretary Dismisses Market Decline Ties to Foreign U.S. Debt Sell-Offs
U.S. Treasury Secretary Scott Bessent said the recent bond market decline stems from domestic deleveraging, not foreign debt sell-offs. While no urgent action is needed, he assured the Treasury is prepared to act if necessary, including through repurchasing older bonds as a potential response tool.
Goldman Sachs Projects Gold May Reach $4,500 per Ounce by Late 2025
Goldman Sachs forecasts gold may hit $4,500 per ounce by end-2025, implying a 38% rise amid supportive economic trends and market conditions.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.