FameEX Morning Crypto News Recap | April 15, 2025
2025-04-15 01:38:47Trump Weighs Temporary Tariff Exemptions for Imported Cars and Auto Parts
President Trump is considering temporary tariff exemptions on imported cars and parts to allow automakers more time to set up U.S. production. A 25% tariff on complete vehicles is in effect, with parts tariffs expected by May 3.
Trump Claims Last Week Marked the Stock Market’s Largest Weekly Gain in History
On April 15, President Trump claimed the stock market posted its largest weekly gain in history. However, all three major U.S. indices declined, with the Nasdaq turning negative. Trump previously asserted that the market would strengthen significantly after adjusting to his administration’s tariff measures.
EU Halts Retaliatory Tariffs on €21 Billion in U.S. Goods Through July 2025
The EU has suspended retaliatory tariffs on €21 billion of U.S. goods until July 14, 2025, aiming to create room for further trade negotiations with Washington.
Bitcoin Mining Profitability Dropped 7.4% in March
Jefferies reports that Bitcoin’s average price dropped 11.2% in March, with transaction fees down 9.1%, resulting in a 7.4% decline in mining profitability. U.S.-listed mining firms produced 3,534 Bitcoins, up from 3,002 in February.
U.S. Treasury Secretary Rejects Claims That Foreign Debt Sell-Offs Are Driving Market Decline
U.S. Treasury Secretary Scott Bessent attributed the recent Treasury bond market decline to domestic deleveraging, rejecting concerns over foreign sell-offs. He noted no immediate action is required but confirmed the Treasury can respond if needed, including repurchasing older bonds.
Goldman Sachs Forecasts Gold Could Hit $4,500 per Ounce by End of 2025
Goldman Sachs projects gold could reach $4,500 per ounce by end-2025, suggesting a potential 38% price increase driven by favorable market conditions.
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