Global Cryptocurrency Market Dynamics: Bitcoin Price Fluctuations and Brazil's Bank Stablecoin Plan Capture Attention

Recently, the cryptocurrency market has seen multiple hot events that investors should closely monitor.

Bitcoin Price Affected by Trump's Tariff Policy

On April 2nd, US President Trump announced a 10% tariff on all imports, triggering market risk-averse sentiment. As a result, Bitcoin's price briefly dropped by 0.88%, reaching $83,400. This fluctuation reflects the market's sensitivity to policy changes. ([cn.investing.com](https://cn.investing.com/news/cryptocurrency-news?utm_source=chatgpt.com))

Brazil's Largest Bank Plans to Launch a Stablecoin

Itau Unibanco, Brazil's largest bank, plans to launch a stablecoin pegged to the Brazilian real. The bank's digital asset director, Guto Antunes, stated that interest in stablecoins has significantly increased due to the changing stance of the US government toward cryptocurrency. Currently, Itau is researching the experiences of other banks and waiting for Brazil's stablecoin regulatory framework. ([binance.com](https://www.binance.com/zh-CN/square/news/all?utm_source=chatgpt.com))

Market Regulation Updates

Legislators in Minnesota and Alabama have recently submitted bills allowing state governments to invest in Bitcoin, showing the positive exploration of cryptocurrency regulations across states. ([binance.com](https://www.binance.com/zh-CN/square/news/all?utm_source=chatgpt.com))

Investor Advice

In the face of market fluctuations, investors should remain cautious, monitor the impact of policy changes on the market, and allocate assets wisely to mitigate potential risks.