Bitcoin falters as optimism wanes on Trump’s crypto reserve plan

March 4, 2025

Bitcoin experienced fluctuations after President Trump’s proposal for a national strategic crypto reserve. Initial optimism turned to caution, impacting various cryptocurrencies like bitcoin, ether, and XRP. Investors and analysts have expressed concerns about the initiative potentially benefiting insiders at the expense of taxpayers. Despite excitement in the crypto industry, regulatory uncertainties persist.

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Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.

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US inflation tops 4% for first time in three years, keeping Fed hike in play

US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.

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