The disruption to the oil market and critical energy effects may have long-term economic effects that investors are not pricing in. Traders are miscalculating the severity and the duration of economic fallout from the Middle East conflict and are pricing in a “TACO” trade, which stands for “Trump always chickens out,” according to market analyst and founder of the Coin Bureau, Nic Puckrin. The term was coined by Wall Street and refers to US President Donald Trump backing down in geopolitical conflicts. However, Puckrin warned that “Trump is not in sole control of the situation,” and there are no easy or quick exits from the war. If oil continues to trade above $100 per barrel, economic growth will slow, and Personal Consumption Expenditures (PCE) inflation will rise by up to 1 percentage point, Puckrin said. Read more
The legislative recommendations highlight six policy areas, including copyright, energy and workforce development, while signaling a lighter regulatory stance. The Trump administration has released a national AI legislative framework for the United States, calling on Congress to establish a unified federal framework and warning that a patchwork of state laws could hinder innovation and competitiveness. The framework is structured around six core policy areas: protecting children and empowering parents, strengthening communities, intellectual property and creator rights, free speech protections, accelerating AI innovation and workforce development. At the center of the proposal is a push for a unified federal approach, with the administration urging Congress to preempt state-level AI laws it says could burden developers. Read more
In the latest Cointelegraph interview, professional trader Alessio Rastani warns that Bitcoin could fall below $60,000 before a meaningful bottom forms. Professional trader Alessio Rastani is back with a fresh market update, and the key question remains: has Bitcoin (BTC) already found its bottom — or is the real move still ahead? In this latest interview, Rastani revisits his previous outlook and explains why his view has shifted as price action unfolded. While Bitcoin managed a short-term recovery earlier this year, he argues that the structure of the recent bounce is not yet convincing enough to signal a sustained uptrend. In fact, he warns that the probability still favors another move lower, potentially below the $60,000 level, before a more meaningful bottom forms. Read more
A 70% oil spike could nearly double US inflation, slash rate-cut hopes, and deepen downside risks for Bitcoin prices in the coming months. Bitcoin (BTC) has outperformed US equities and gold since the US and Israel’s attack on Iran on Feb. 28, underscoring its strength amid one of the year’s biggest geopolitical shocks. However, BTC’s rally may face a serious challenge if oil prices spike toward $180 per barrel, a scenario some Saudi Arabian officials now see as plausible if Middle East supply disruptions persist beyond April. Key takeaways: Read more