#Crypto Market Pullback#

The “honeymoon” between Trump and Musk is over, as Musk publicly criticizes Trump’s core legislation. And major cryptocurrencies are seeing a broad pullback. Is this just a short-term correction or a sign of a deeper shift? How much do political events actually impact crypto markets? Are you buying the dip now? Share your strategies below!

‍ #Initial Jobless Claims Released#
Latest data shows 247,000 people filed jobless claims in the US for the week ending May 31—higher than expected (235,000) and the highest since last October. Does this mean the job market is slowing down? Could this affect the Fed’s rate cut plans?

‍ #Trump Files for Bitcoin ETF#
Trump Media & Technology Group has filed an S-1 with the SEC for a “Truth Social Bitcoin ETF,” aiming to list on the NYSE. This ETF will hold Bitcoin directly and track its price, possibly launching as soon as early next year. How do you see the growing integration between traditional finance and crypto? Could this push Bitcoin to new highs?

‍ #Crypto Taxes in New Bill#
Wyoming Senator Cynthia Lummis is pushing to include crypto in a new party tax and spending bill. The proposal would extend the “wash sale rule” to crypto and exempt Bitcoin miners from reporting gains and losses. If passed, it would create America’s first comprehensive crypto tax framework. Are you optimistic about this bill? What impact could it have on the crypto industry and investors?

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