Weekly Wrap: Trump's Tax-Free Trade, XRP Lawsuit Nearing End, and Arthur Hayes' Bitcoin Forecast

The past week has seen a number of significant developments in the financial and crypto markets. From former President Donald Trump's tax-free trade proposal, new developments in the Ripple vs. SEC lawsuit, to Arthur Hayes' prediction that Bitcoin will bottom at $70,000. Another big win for crypto was the US Congress overturning the IRS's crypto regulations.

Trump's Tax-Free Trade and Its Impact on the Market
Bitcoin has fallen below $80,000 after Trump proposed exempting Canada from trade tariffs in exchange for statehood, after imposing 50% tariffs on Canadian steel and aluminum. Many analysts believe that, in addition to tariffs, there are many other factors affecting the market.

XRP Lawsuit Nears End, Spot XRP ETF May Be Coming
The legal battle between Ripple and the SEC appears to be coming to an end. Many investors are hopeful that once the lawsuit is resolved, the obstacles to a spot XRP ETF will disappear, paving the way for strong growth for XRP in the near future.

Arthur Hayes Predicts Bitcoin to Bottom at $70,000 Before a Strong Recovery
Arthur Hayes, former CEO of BitMEX, believes that Bitcoin could bottom at $70,000 before entering a strong bull run. He believes that the current market is in a necessary correction phase before continuing the growth cycle.

US Congress Overturns IRS Crypto Regulations, a Big Win for Digital Assets
Although the market did not react strongly immediately, the US Congress overturning IRS crypto regulations is a positive signal for the industry. This is an important step in creating a more favorable regulatory environment for cryptocurrencies.

Trump believes the market will grow strongly when inflation cools down
With inflation showing signs of decreasing, Trump and his administration are expressing optimism about the growth opportunities in the market. However, many experts believe that the administration may still need to introduce more supportive policies to maintain the recovery momentum.

Overall, the past week has brought many important developments, affecting the cryptocurrency market and global finance. While Bitcoin is still in the correction phase, legal and political moves may play

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