Bitcoin Drops 5% to $78,892 Amid Market Decline
Bitcoin fell around 5% on Sunday, trading at $78,892.92, reflecting broader market downturns driven by global tensions and policy changes.
EU to Approve Retaliatory Tariffs on $28B in U.S. Imports
EU countries are set to approve retaliatory tariffs on up to $28 billion of U.S. imports in response to President Trump’s trade measures, aiming to present a united front against the U.S. tariffs.
U.S. Attorney General Places Attorney on Leave Over Deportation Case
U.S. Attorney General Pam Bondi announced on Sunday that a Justice Department attorney was placed on leave after failing to effectively defend the government’s handling of a man wrongly deported to El Salvador, in a case described by a U.S. judge as “wholly lawless.”
Oil Prices Drop Over 3% Amid U.S.-China Trade Tensions
Oil prices fell more than 3% on Monday, extending last week’s losses, as rising trade tensions between the U.S. and China fueled recession fears, threatening crude demand.
Investors Flee to Safe Havens Amid Trump’s Tariffs
As fears of a global recession grew, investors flocked to safe havens like the yen and Swiss franc on Monday, while selling off the risk-sensitive Australian dollar in response to President Trump’s escalating tariffs.
Australian Dollar Hits Five-Year Low on Trade War Fears
The Australian dollar plunged to a five-year low Monday, driven by fears of a global trade war and possible recession, prompting traders to expect sharp rate cuts in Australia.
EU Trade Ministers Discuss Response to U.S. Tariffs
EU trade ministers met to address U.S. President Trump’s tariffs and debated the bloc’s strategy on trade relations with China. Ministers also spoke to media on future EU responses.
Gold Recovers as Safe-Haven Demand, Central Bank Buying Support
Gold prices trimmed earlier losses on Monday, lifted by safe-haven demand and strong central bank buying, despite hitting a three-week low. Analysts remain bullish on gold.
Iran Warns Neighbors Against Aiding U.S. Attack
Iran has warned Iraq, Kuwait, UAE, Qatar, Turkey, and Bahrain that any support for a U.S. strike on Iran will be treated as an act of hostility, according to an official statement.
Jerome Powell Known for Bold Fed Interventions
U.S. Fed Chair Jerome Powell has repeatedly taken bold steps in crises—pledging full support during COVID-19, warning sternly on inflation in 2022, and stabilizing markets after the 2023 Silicon Valley Bank collapse.