Author: 行政

Bitcoin trades sideways as Trump cites Trade Act for 15% tariffs after Supreme Court limits IEEPA authority, and the market starts watching the 150-day clockIt is one of those rare weekend sessions where the chart barely moves… yet it still feels like something is about to snap.Bitcoin is hovering around $68,000, chopping inside a tight band, while Washington hands markets a story that is both legal and macro at once.The U.S. Supreme Court just narrowed the emergency-powers tariff pathway Trump relied on, and the White House is now pointing to a different statute to keep a 15% duty alive, at…

Earlier this month, we saw the macro picture shift in a very real and tangible way. The record of last year’s job level changed significantly, and markets treated that update as fresh information to trade on.Two days later, inflation cooled on the headline, yields moved, and Bitcoin moved in the same cross-asset rhythm that, until recently, belonged to rates and major equity indexes.Bitcoin used to react to crypto-specific headlines: a big company buying BTC, a new product launch, or a regulatory rumor. But in 2026, the price seems to react first to the same macro data that moves bonds and…

Bitcoin sometimes sells off hard on days with no crypto headlines. A recurring driver sits outside crypto: a yen-funded carry unwind that forces cross-asset deleveraging, then transmits into BTC through thinner liquidity, wider spreads, and fast position reduction in derivatives.Here’s the core mechanism in one line: if USD/JPY moves fast enough to trigger margin and VAR cuts, BTC can sell off like it got bad news even when crypto headlines stay quiet.Japan’s FX officials have started speaking in a way that markets treat as a constraint. On Feb. 12, 2026, Japan’s top currency diplomat, Atsushi Mimura, said Tokyo “has not…

A set of new ETF filings wants to turn election outcomes into brokerage-account tickers.If approved, they’d also make “political risk” a tradable product on the same rails that already carry spot Bitcoin ETFs, pulling attention, liquidity, and regulatory pressure into the same lane.Roundhill, GraniteShares, and Bitwise’s PredictionShares brand propose funds that track binary “event contracts” tied to US political outcomes, such as which party wins the presidency and which party controls the House or Senate. These contracts trade between $0 and $1 in a way that resembles a probability, then settle at $1 for “yes” and $0 for “no” once…

The Supreme Court’s Feb. 20 decision striking down President Donald Trump’s IEEPA-based tariff program as illegal creates a massive fiscal overhang that could function as an unintended liquidity injection.The Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the President to impose tariffs, invalidating a program that collected at least $133.5 billion through Dec. 14, 2025, with Penn-Wharton Budget Model estimates suggesting total receipts reached approximately $179 billion by the ruling date.Markets reacted immediately: stocks jumped, the dollar weakened, and Treasury yields edged higher as traders began pricing what could become one of the largest unplanned…

Bitcoin just got ~15% harder to mine as hashrate falls—pushing miner revenue back into the $30 stress zoneBitcoin’s mining economy has tightened again, but its undertones could pave the way for a price recovery in the top crypto.Over the past weeks, the network difficulty jumped, while the hashrate has shown signs of softening. At the same time, BTC miner margins have come under increased pressure as their revenue slipped back toward stress levels.That combination has repeatedly materialized near major inflection points in previous market cycles.While market analysts caution that this is not a magic buy signal for investors, the structural…

Stablecoin supply is crypto’s deployable cash. With a total stablecoin market cap of around $307.92 billion and down -1.13% in the past 30 days, the pool has stopped growing month over month.When supply stalls, price moves get sharper, and Bitcoin feels it first in thin depth and bigger wicks.Stablecoins sit in a strange middle ground in the crypto market. They behave like cash, yet they arrive there through private issuers, reserve portfolios, and redemption rails that look more like a money-market complex than a payment app.For trading, though, they play one role so consistently that it earns a macro comparison:…

European Central Bank President, Christine Lagarde, runs an institution that trades in certainty, and she does it in a moment that rewards ambiguity.Earlier this week, the story around her took on a familiar European shape: official silence wrapped around very specific timing.The FT reported Lagarde is expected to step down before her term ends in October 2027, with the timetable linked to France’s April 2027 presidential election and the succession politics that follow. Markets watch those puzzles closely because the next name at the microphone can change the texture of every decision.The ECB, via a spokesperson, kept the public line…

Pi Coin remains under pressure after losing over 90% from its peak. Migration delays and locked balances continue to hurt user confidence. Traders are watching the resistance at $0.18 and the support at $0.15 support closely. Pi Coin is marking a difficult anniversary as selling pressure continues to weigh on the price. The past year has been one of big promises, uneven delivery, and fading market confidence. As the open mainnet clocks its first birthday, many holders are still waiting for clarity. The token’s price action reflects that uncertainty. A one-year milestone filled with mixed signals The first year of…

Bitcoin’s current bear market could worsen over the next year if the flagship digital asset fails to address concerns about quantum computing.In a Feb. 20 report, Charles Edwards, Capriole founder, claimed that Bitcoin’s market value should already be discounted for quantum risk and warned that the discount could deepen quickly if the network does not move toward quantum-resistant code.According to him:“Bitcoin will be worth half as much in little over a year if we do not progress an upgrade to quantum proof Bitcoin. Without progress, Bitcoin’s Quantum Discount Factor jumps to 75% in 2029.”This projection implies that Bitcoin’s price could…