Bitcoin Dips Slightly Amid Trade Uncertainty; Trump's Truth.Social Advances Spot ETF

Bitcoin sees a minor decline as U.S. trade tariff uncertainties persist. Trump's Truth.Social progresses with a spot Bitcoin ETF listing, while Coinbase's CEO warns of Bitcoin's potential rise as a reserve currency amid U.S. debt concerns.

Published on 2025-06-04

Bitcoin's Price Movement

Bitcoin experienced a slight dip, trading at $105,110, as uncertainty over U.S. trade tariffs and economic impact weighed on investor sentiment. Despite progress on a spot Bitcoin ETF by Trump's Truth.Social, Bitcoin's price remained stable within recent ranges.

Trump's Truth.Social Spot Bitcoin ETF

The New York Stock Exchange's Arca division filed for regulatory approval to list Truth.Social's spot Bitcoin ETF, tracking Bitcoin's price. This move aligns with Trump Media's broader crypto strategy, including a $3 billion capital raise and the launch of the $TRUMP memecoin.

Coinbase CEO's Warning on U.S. Debt

Coinbase CEO Brian Armstrong highlighted the risk of Bitcoin becoming the global reserve currency if the U.S. fails to address its $37 trillion debt. He emphasized the need for fiscal responsibility to maintain economic stability.

Broader Crypto Market Performance

The crypto market showed mixed results, with Ether holding steady at $2,626.48, while XRP and Cardano saw modest gains. However, Solana and Polygon experienced declines, along with meme tokens Dogecoin and $TRUMP.

This summary captures the key developments impacting Bitcoin and the broader crypto market, highlighting the interplay of geopolitical factors and strategic corporate moves.

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