Bitcoin Plunges Amid Trump Tariffs, DeFi Regulations Spark Debate

Bitcoin experienced a significant drop, plummeting over $16,700 on Friday, wiping out billions in leveraged positions. This crash was triggered by President Trump’s tariffs on China and a subsequent market downturn. The impact of the new US Bitcoin Reserve is being debated, as Senator Lummis confirms it could begin fundraising soon. Meanwhile, Democratic proposals for stricter DeFi regulations faced criticism, raising concerns about innovation and market disruption.