According to @NAIFA, the National Association of Insurance and Financial Advisors has endorsed the House budget reconciliation bill due to its provisions supporting families and businesses (source: @NAIFA via @GOPMajorityWhip, May 21, 2025). This endorsement highlights the bill's potential to create a more favorable environment for financial and insurance services, which could indirectly impact the cryptocurrency market by increasing overall consumer confidence and liquidity. Traders should monitor legislative developments as improved economic outlooks often lead to increased activity in both traditional and digital asset markets.

According to The Kobeissi Letter, the trade war has significantly diminished economic confidence in Canada, primarily due to the potential catastrophic effects of tariffs. These tariffs pose a substantial risk as Canadian exports to the US account for 78% of their total exports, while only representing about 14% of US imports. This imbalance highlights the potential negative impact on Canadian trade and economic stability. Source: The Kobeissi Letter.

According to The Kobeissi Letter, the US-Canada trade war has significantly reduced economic confidence in Canada. The imposition of tariffs on Canada is expected to be catastrophic due to the heavy reliance of Canadian exports on the US market, accounting for 78% of their exports, while only comprising 14% of US imports. This imbalance poses a critical risk for Canadian markets, potentially leading to adverse trading conditions.

According to André Dragosch, PhD, Bitcoin is considered a significant indicator of distrust in the established monetary order. This perspective suggests that Bitcoin's price movements can reflect market sentiment towards traditional financial systems, thus providing traders with insights into broader economic confidence. Such insights are crucial for making informed trading decisions (source: André Dragosch on Twitter).