US Official: Time to Soften Tariff Rhetoric, Trump Has Final Say
Kevin Hassett, Director of the US National Economic Council, stated that more than 50 countries have started negotiations on tariffs and that “it is time to soften the rhetoric”. Hassett said that President Trump is steadfastly pursuing strategies that he thinks are working, but that if trade partners actually offer quality deals, they will be taken into account. Stating that it is President Trump who will make the final decision, Hassett added that contacts were made with world leaders on this issue over the weekend.
Strategy Did Not Buy Bitcoin Last Week
Strategy reported that it did not make any Bitcoin purchases between March 31 and April 6. As of April 6, the company has a total of 528,185 BTC assets, with a total purchase cost of $35.63 billion. The average cost is at $67,458; the company posted a paper loss of $5.91 billion from Bitcoin in the first quarter.
Strategy Bitcoin Investment Profit Drops to $3.9 Billion, Metaplanet and Semler Suffer Big Losses
The decline in the crypto market was triggered by a wave of selling in financial markets, especially after President Trump’s tariff policies. Strategy holds 528,185 BTC at a cost of $35.6 billion, and this investment is currently only about 10% in profit – about $3.9 billion. Companies such as Metaplanet and Semler Scientific are suffering losses on their Bitcoin investments; Metaplanet’s shares fell 20% and Semler’s shares fell 38%.
Trump: Fed Should Cut Rates
Trump said on social media that the Fed should cut interest rates. He argued that oil and food prices are falling, there is no inflation and that the tariffs the US collects from other countries benefit the country. Trump emphasized that he stands behind the current economic policies.
Expectations for an Urgent Interest Rate Cut from the Federal Reserve Increase
Trump’s signals that he has no intention of lifting the tariffs have raised expectations in the markets that the Fed may cut interest rates in the near term. According to swap data, the probability of a 25 basis point rate cut before May 7 reached 40%. With this expectation, investors turned to bonds, with the US 2-year Treasury bond yield falling to 3.43%.
Arthur Hayes: I Bought Bitcoin Today and Will Keep Buying
BitMEX co-founder Arthur Hayes said in a post on the X platform that he bought Bitcoin throughout the day and will continue to buy. Hayes, who predicts that Bitcoin’s market dominance will reach 70%, stated that they will keep altcoin investments limited. He stated that the solution to the US economy is to print money.
by Darkex Research – 1 min read
