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Trump stated: The US stock market is going to hit new highs, and even the elimination of income tax may rely on tariffs? The crypto world is going to benefit from this.
Trump just stated: The US stock market will continue to hit new highs, and he also mentioned that it might be possible to "almost completely eliminate" income tax relying on tariff revenue.
This news directly added a buff to risk assets—the US stock market and the crypto world are inherently linked. When the US stock market is on the rise, the sentiment for assets like BTC will also soar. Coupled with the previous expectations of interest rate cuts being fully priced in and the rampant minting of stablecoins, this wave of fundamentals has stacked up significantly.
Now let's see if the market buys it. If the US stock market really continues to surge, won't the crypto world follow suit? Do you think this wave of good news can break through BTC's resistance level?
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