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Key Points: Janet Yellen underscores progress in trade talks with Asia. U.S. consumer spending remains robust, influencing markets. Positive sentiment fosters increased digital asset investment. Janet Yellen addressed the state of U.S. consumer spending and trade negotiations on April 27, highlighting progress with Asia. Yellen’s remarks signal optimism as U.S. consumer spending and trade advances with Asia invigorate crypto markets, fostering enhanced investor activity and stablecoin growth. U.S.-Asia Trade Deals Boost Crypto Sentiment Janet Yellen, U.S. Treasury Secretary, recently commented on the robustness of consumer spending in the U.S. and noteworthy progress in trade negotiations with Asian counterparts. Yellen’s statements were reported during an engagement on April 27, highlighting key economic indicators that have implications across various markets. In the context of these economic updates, the crypto market experienced substantial activity, with growing investor participation leading to a net inflow of nearly $9 billion. This reflects investor confidence amid a phase of trade advancement with Asia. Additionally, there has been increased demand for stablecoins, with the capitalization of Tether (USDT) reaching a new high at $147.1 billion. Market responses to Yellen’s insights are marked by institutional players such as Michael Saylor of MicroStrategy, who highlighted significant Bitcoin gains in recent financial operations. In addition, meme coins like “TRUMP” gained over 65%, reflecting broader risk appetite in specific crypto segments. “U.S. consumers are still spending.” — Janet Yellen, U.S. Treasury Secretary Record Stablecoin Growth Amid Market Shifts Did you know? Bitcoin’s current market movements reveal a momentous shift, diverging from traditional markets. Historically, it moved alongside equities, but its evolving role as a “safe haven” has gained prominence, highlighted by its heightened resilience amid economic shifts. According to CoinMarketCap, Bitcoin’s price stood at $94,094.64 with a market cap exceeding $1.86 trillion and holding 63.41% market dominance. Its 24-hour trading volume was…

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Filed under: News - @ April 27, 2025 2:24 pm