🇺🇸💸 Just a day after Bitcoin's new $112K all-time high was established, tariff drama was quickly brought back on to the menu and has temporarily spoiled the crypto party. President Trump has announced two new major tariff threats as the U.S. heads into Memorial Day weekend:

🇪🇺 A 50% tax on all imports from the European Union

🍎A 25% tariff specifically targeting Apple if the company continues manufacturing iPhones outside the United States

Trump expressed frustration over stalled trade talks with the EU and said these tariffs would start on June 1st unless negotiations improve. He also criticized Apple’s decision to move much of its iPhone production to India and warned that the company would face import taxes unless production is brought back to the U.S.

Trump claims these aggressive tariffs are aimed at fixing what he views as an unfair trade imbalance, particularly with the EU, and to bring more manufacturing jobs back to the United States.

Less than 2 weeks after a cloud appeared to be lifted between the boiling trade war involving the U.S. and China, this new wrinkle has brought back the highest level of tariff discussions since the peak FUD across crypto markets from April 7th to 9th.

Bitcoin has quickly dipped back a bit over 3%, as low as $107.6K. The S&P 500 market reaction was swift and negative as well. The unpredictable nature of the latest trade & tariff policies coming from the U.S. has shifted many traders' strategies into holding and "hoping for the best". We will continue to update as this develops.

Despite the all-time high celebrations, crypto never sleeps. And making the most informed decisions from here will likely come down to following key whale wallets and avoiding crowd think. We talk markets with Thinking Crypto.

🧑‍💻 Here are crypto's top Real World Assets (RWA's) by development. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Chainlink $LINK 🥇

📈 2) Avalanche $AVAX 🥈

📈 3) Stellar $XLM 🥉

📈 4) IOTA $IOTA

📈 5) Injective $INJ

📈 6) Axelar $AXL

📈 7) Chia $XCH

📈 8) Hedera $HBAR

📈 9) VeChain $VET

📉 10) Centrifuge $CFG

📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading.

🚀 Bitcoin's new all-time high now stands at ~$111.9K, with a strong chance of this mark continuing to be extended the rest of the week. Historically, a great justification that crypto is in a bull cycle is when the average age of all $BTC held is getting younger (aka moving down on this chart).

🗓️ Over the past 5 years, we have seen 3 major instances of mid to long-term bull markets, which are highlighted in this chart. Since April 16th, the Mean Dollar Age on the Bitcoin network has dropped from 441 days to 429 days. If stagnant whales continue to feed coins back into regular circulation, this will continue to make the age of the network get younger, and justify that we're continuing to stay in this unprecedented bull cycle.

👀 Follow along on the chart here, and see what others in crypto can't to help with your trading!

🤔 Did You Know: Internet Computer (ICP) supports wrapped, on-chain versions of major crypto assets like Bitcoin (ckBTC), Ethereum (ckETH), Tether (ckUSDT), and USD Coin (ckUSDC). These "ck" tokens are 1:1 representations of their original counterparts, backed and secured through ICP’s Chain-Key cryptography. Unlike tokens issued by centralized custodians, these versions are fully native to the ICP ecosystem and retain their real-world value while being interoperable with ICP-based smart contracts, applications, and services.

📊 Instead of relying on risky third-party bridges, ICP uses a built-in, decentralized mechanism to bridge these assets. When a user transfers BTC, for instance, it’s locked in a secure address on the Bitcoin blockchain, and an equal amount of ckBTC is issued on the Internet Computer. This approach ensures the asset remains cryptographically backed and redeemable, while avoiding the vulnerabilities that have plagued traditional bridge protocols in the past.

🕐 Bridged assets on ICP offer several practical benefits. Transactions complete in under a second and cost a fraction of a cent, making them ideal for microtransactions, real-time DeFi applications, and gaming. These tokens can be used seamlessly within ICP’s growing dApp ecosystem, with no need to exit to the original blockchain unless desired. The result is a faster, cheaper, and more secure experience for users who want the value of major assets like BTC and ETH without the constraints of their original networks.

🧐 To keep track of ICP's bridged asset metrics, bookmark & follow along with this helpful Santiment chart template.

🥳 Bitcoin's market value has officially reached a new all-time high, climbing to $109,500, edging past its prior peak of $109,241 that was recorded back on Trump's inauguration day (Jan. 20th). This milestone comes just 6 weeks after the crypto community was exhibiting max FUD over Trump's tariff news.

Besides the easing of the tariffs and 90-day pause between the U.S. and China, one of the key drivers behind Bitcoin’s ascent has been a growing wave of institutional investments. BlackRock expanded its Bitcoin holdings through its spot Bitcoin ETF, IBIT, which recently surpassed $20B.

Meanwhile, Fidelity and Ark Invest have also reported record inflows. Markets historically move the opposite direction of retail's expectations, and the same direction of institutional whales' capital. Since there has not been a significant amount of FOMO (due to continued tariff uncertainty and general jadedness), the runway was cleared for $BTC to eventually make history.

Bitcoin’s growing presence in the portfolios of major asset managers and hedge funds has quickly changed it from a speculative asset into a core component of diversified investments. Depending on the crowd's own greed, we could see $115K-$120k in the near future.

📈 Bitcoin ETF's are seeing massive inflows, a trend that began in mid-April. Over the past 5 weeks, there has been a net inflow of $6.63B across $BTC ETF's. This is historically a bullish sign for future price movement. Check out the FREE Santiment ETF Dashboard.