Three Florida teenagers are facing charges of kidnapping, robbery, and extortion after allegedly abducting a man at gunpoint and stealing $4 million in crypto and non-fungible tokens. According to local media, two of the suspects, both 16 years old from…

Florida teens accused of kidnapping man at gunpoint and stealing $4m in crypto

The Dow Jones Industrial Average soared more than 1,000 points, while the S&amp;P 
500 and Nasdaq opened higher amid a massive market reaction to news of a trade 
deal between the United States and China. Global stocks, having fluctuated 
heavily…

Dow soars 1,000 points as markets cheer U.S.-China trade deal

As key drivers of crypto’s evolution, altcoins will ultimately see a focus 
shift to projects with sustainable revenue models and engaged communities.

Altcoin season is over: Here’s what can make a project thrive | Opinion

A 90-day tariff agreement between the US and China may set the stage for a 
broader recovery of stock and cryptocurrency markets, as investors look ahead 
to a potential tax relief package.
The White House announced on May 12 that the two countries will reduce their 
respective tariffs to 10% for an initial 90-day period beginning May 14 &#8212; a 
24% cut from current levels.
Speaking at a press conference in Geneva, US Treasury Secretary Scott Bessent 
said both governments are aligned on avoiding further economic decoupling.
&#8220;The consensus from both delegations is neither side wants to be decoupled,&#8221; 
Bessent said. &#8220;What has occurred with these very high tariffs was an 
equivalent of an embargo, and neither side wants that. We do want trade. We 
want more balance in trade.&#8221;
_Joint statement on US-China meeting in Geneva. Source: The White House_
 _**Related:**__**Bitcoin treasury firms driving $200T hyperbitcoinization &#8212; 
Adam Back**_
The constructive tone of the negotiations, along with the 90-day suspension of 
additional tariffs, removes the risk of &#8220;sudden re-escalation,&#8221; which may help 
altcoins and traditional stock markets follow Bitcoin&#8217;s (BTC) price recovery, 
according to Aurelie Barthere, principal research analyst at crypto 
intelligence platform Nansen.
&#8220;Bitcoin is already trading close to its all-time highs,&#8221; Barthere told 
Cointelegraph. &#8220;However, with the latest easing in trade tensions, it now 
appears that altcoins, US equities, and the US Dollar Index (DXY) are well- 
positioned for a catch-up rally.&#8221;
She noted that Bitcoin has outperformed risk assets in recent months due to 
its insulation from tariff-related risks.
&#8220;I also expect the US dollar to perform strongly against prior safe-haven 
currencies such as the euro, Swiss franc and Japanese yen, reflecting improved 
global risk sentiment,&#8221; Barthere added.
Nansen previously predicted a 70% chance for crypto and stocks to find their 
bottom by June, with their price recovery depending on the outcome of trade 
negotiations.
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## Tax relief could amplify rally
Bitcoin is currently 4.8% away from recapturing its all-time high of over 
$109,800 recorded in January 2025, Cointelegraph Markets Pro data shows.
_BTC/USD, 1-year chart. Source: Cointelegraph_
&#8220;There is potential for risk assets to move beyond the January peak levels if 
we see a generous tax cut package materialize,&#8221; Barthere told Cointelegraph, 
adding:
&gt; &#8220;This would need to go beyond merely extending the expiring tax cuts, and 
&gt; include additional income tax reductions as well as corporate tax cuts on 
&gt; top.&#8221;
She noted that Bessent hinted such a package could be unveiled by mid-July, 
which would act as a &#8220;significant additional catalyst&#8221; for the markets.
The constructive trade negotiations, paired with emerging technical chart 
patterns, have spurred analyst calls for a Bitcoin rally to $150,000 depending 
on the outcome of an emerging bull flag pattern on the weekly chart.
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Bitcoin, altcoins poised to rally on US-China tariff agreement

On May 12, gold prices fell by over $100 (approximately 3%), dropping from 
$3,323 to just under $3,215 per ounce, while bitcoin remained stable, trading 
above $104,000. Trade War De-Escalation Bane for Safe Haven Asset Gold dropped 
marginally in the opening trading hours of May 12, while bitcoin reacted 
positively to reports that the U.S. […]

Gold Slips as US-China Trade War Thaws; Bitcoin Holds Steady

Will upcoming announcements and a possible Binance listing make the Pi Network 
price prediction of a 300% return a reality? Pi Network is back in action 
After months of relatively muted action, Pi Network (PI) is suddenly drawing 
fresh attention.…