Category Archives: Cryptocurrency News

Cryptocurrency News covers the latest trends and developments in digital currencies like Bitcoin, Ethereum, Litecoin, and other alternative coins.

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Cryptocurrencies continue their sharp decline amid escalating economic concerns,
with Bitcoin plunging to its lowest level since November,
impacted by trade tensions and U.S. economic policies.

 

Topic

Economic Pressures

Widespread Decline

Bitcoin’s Future

 

 

 

 

 

 

Economic Pressures

The cryptocurrency market has extended its sharp downturn,
with Bitcoin dropping to its lowest level since November due to mounting concerns over the impact of tariffs imposed by the U.S. administration.
These fears have overshadowed recent positive statements from former President Donald Trump regarding support for digital assets.

Risky assets like cryptocurrencies are under significant pressure, as investors shift towards safe havens such as U.S. Treasury bonds amid fears that tariffs and recent economic measures could slow down growth in the world’s largest economy. While initial optimism followed Trump’s announcement of plans to establish a strategic cryptocurrency reserve, market sentiment quickly turned negative as aggressive sell-offs were triggered by worsening macroeconomic conditions.

 

 

Widespread Decline

Bitcoin tumbled 6.8% to $77,416, marking its lowest point since November 10. Other cryptocurrencies, including Solana, Cardano, and XRP—coins that Trump previously mentioned as potential assets for the U.S. digital reserve but were not included in his executive order—also suffered sharp declines.

Stocks linked to the crypto sector were hit hard as well. Coinbase Global plummeted 18%, recording its biggest drop since July 2022, while Michael Saylor’s Bitcoin-focused firm saw a 17% loss. Despite Trump’s pro-crypto stance, including his executive order to create a Bitcoin reserve in the U.S. and maintain separate holdings for other tokens, the lack of new financial commitments has disappointed investors and weakened market momentum.

 

 

Bitcoin’s Future

Currently, the U.S. government holds approximately $17 billion in Bitcoin and around $400 million in various other cryptocurrencies,
mostly obtained through asset seizures in civil and criminal cases.
However, analysts argue that the lack of clarity on how these assets will be managed has negatively impacted investor confidence.
Some market observers believe that the Trump administration appears to be favoring specific assets based on lobbying groups,
further increasing uncertainty in the crypto market.

Since February, investors have pulled a net $4.4 billion from U.S.-traded Bitcoin exchange-traded funds (ETFs),
which played a key role in Bitcoin’s rise to record highs last year.

Analysts predict that Bitcoin could trade between $70,000 and $80,000 in the coming weeks.
They also suggest that a potential market recovery will depend on the resolution of the trade tariff dispute
and the Federal Reserve resuming interest rate cuts.

 

 

 

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Trump Leads a New Shift in U.S. Cryptocurrency Policy

Trump Leads a New Shift in U.S. Cryptocurrency Policy:

With Donald Trump’s return to the White House, U.S. cryptocurrency policy is radically transforming.
After years of strict regulations under Joe Biden’s administration,
Trump Leads a New shift and announced crypto-friendly measures, including creating a strategic digital
asset reserve and hosting the first-ever White House Cryptocurrency Summit.
These initiatives signal a new direction to solidify the United States’ position as a global leader in digital assets.

 

Contents

Trump Calls for a White House Summit

White House Cryptocurrency Summit

A Radical Shift in Washington’s Crypto Policy

 

 

 

 

Trump Calls for a White House Summit

On Sunday, U.S. President Donald Trump announced the inclusion
of five cryptocurrencies in the country’s new strategic digital asset reserve,
leading to a significant surge in their value.
Through social media, Trump explained that the executive order he issued in January regarding digital
assets would result in the formation of a reserve that includes Bitcoin (BTC),
Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

This previously undisclosed list boosted investor confidence and led to a rally in the market.

On Sunday, these cryptocurrencies experienced notable gains,
with Trump emphasizing that this initiative aims to establish the United States as the global capital for cryptocurrencies.
In a follow-up post, he stated that Bitcoin and Ethereum would be at the reserve’s core, alongside other valuable assets.

 Market Reaction:

  • Bitcoin surged by 8%, reaching $90,828.
  • Ethereum increased by 8.3%, reaching $2,409.

Trump received strong support from the crypto community throughout his 2024 presidential campaign.
He quickly began implementing policies that favored the industry,
starkly contrasting with Joe Biden’s administration, which imposed tight regulations to combat fraud and money laundering.

However, the crypto market has recently declined,
with most assets losing their post-election gains following Trump’s victory.

 

White House Cryptocurrency Summit

In another move demonstrating his commitment to the crypto sector,
Trump is set to host the first-ever White House Cryptocurrency Summit this Friday.

Event Details:

Trump will deliver a keynote speech outlining his administration’s crypto policies.

The event will feature leading entrepreneurs, CEOs, and investors in the crypto industry.

Members of the Presidential Working Group on Digital Assets will also participate.

 Key Figures Attending the Summit:

David Sacks – A prominent investor and strong crypto advocate, will lead the summit.

Bo Hines – The executive director of the presidential working group will oversee discussions.

Upon taking office, Trump signed an executive order establishing a government task force
to advise on cryptocurrency policies and explore the creation of a strategic digital asset reserve.

 

 

 

 

 

A Radical Shift in Washington’s Crypto Policy

Trump’s new approach represents a significant shift from Biden’s administration,
which imposed strict regulations on cryptocurrencies, particularly after the collapse of FTX and other industry scandals.

Key Changes in U.S. Crypto Policy:

Trump previously criticized cryptocurrencies as a “scam” but changed his stance during his campaign.

He promised to ease regulations and support a clear framework for stablecoins.

He committed to creating a Bitcoin reserve as part of the U.S. financial strategy.

 Trump’s Personal Involvement in Crypto
 Beyond his policies, Trump has entered the crypto space by launching his digital currency
before returning to the White House. He has also backed a joint venture with his sons named “World Liberty Financial.”

 The New White House Approach:

Establishing a clear regulatory framework to support innovation,
Promoting economic freedom in the cryptocurrency sector and Positioning the U.S. as a global leader in digital assets.

 

 

Trump Leads a New Shift in U.S. Cryptocurrency Policy

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

After a series of sharp fluctuations, Bitcoin has experienced a significant 28% drop in value,
raising questions about the factors driving this steep decline in the world’s largest cryptocurrency.

 

 

Contents:

 

Geopolitical Pressures

Understanding Bitcoin’s price movements has always been a challenge due to the multiple factors influencing the cryptocurrency market.
This has been particularly evident in recent days as analysts attempt to determine the reasons behind Bitcoin’s 28% decline from its all-time high of $109,000 on January 20—the day Donald Trump, a vocal supporter of digital assets, was inaugurated as U.S. president.

 

 

 

 

Factors Behind the Drop

1. Macroeconomic Pressures

Bitcoin’s downturn did not occur in isolation; it was accompanied by a notable drop in the U.S. stock market,
where the Nasdaq 100 Index lost approximately 7% since its peak on February 19.

Bitcoin is often viewed as a high-beta asset, meaning its price movements are magnified compared to broader market trends.
Concerns over the economic impact of Trump’s new tariffs on trade partners have heightened financial market volatility,
prompting investors to pull back from risky assets, including cryptocurrencies.

Caroline Bowler, CEO of BTC Markets, commented:
“Bitcoin’s recent drop reflects macroeconomic concerns related to Trump’s tariffs and geopolitical uncertainty.”

 

2. Largest Crypto Hack in History

On February 21, cryptocurrency exchange Bybit suffered a $1.5 billion hack, marking the largest cyberattack in crypto history.

The attack, widely attributed to North Korea’s Lazarus Group, alarmed investors, especially as it targeted “cold wallets”,
a storage method previously considered highly secure due to its offline nature.

Zohaib Ibtikar, co-founder of Split Capital, noted:
“A hack of this magnitude shakes investor confidence, making some reconsider the security of the market.”

 

3. Outflows from Exchange-Traded Funds (ETFs)

Massive withdrawals from Bitcoin ETFs have added further pressure on prices. In February,
these funds recorded their largest net monthly outflow since their launch in January 2024,
with an exodus of $3.3 billion, according to Bloomberg data.

Michael Rosen, Chief Investment Officer at Angel Investments, stated:
“Hot money that rapidly entered the market left just as quickly at the first signs of a downturn.”

 

4. Arbitrage in the Derivatives Market

The unwinding of “cash and carry trade” strategies contributed to increased selling pressure.
Premiums on Bitcoin futures at the Chicago Mercantile Exchange (CME) have dropped to their lowest levels since July,
according to a K33 Research report from February 25.

Mark Connors, founder and Chief Investment Strategist at Risk Dimensions, explained:
“ETFs’ movements have been significantly impacted by arbitrage players such as hedge funds operating through futures and options.”

 

5. Weakening of the “Trump Trade” Momentum

The prices of various assets that were expected to benefit from Donald Trump’s return to the White House have declined in recent weeks,
with Bitcoin among the most affected.

Despite the SEC dropping multiple lawsuits against crypto firms, regulatory support has been slower than expected.
Trump had pledged during his campaign to establish a strategic national Bitcoin reserve,
but this proposal has yet to see meaningful progress.

Meanwhile, lawmakers in Montana, North Dakota, and Wyoming have rejected proposals to create state-level crypto reserves,
citing concerns over volatility and associated risks.

Paul Howard, Senior Manager at Vincent, noted:
“The lack of positive news regarding expected executive orders, combined with U.S. inflation figures, has fueled market caution.”

 

 

 

 

What’s Next for Bitcoin

As financial markets remain under pressure, investors are closely watching several key factors:

  • Future policies of the Trump administration on cryptocurrencies.
  • Impact of geopolitical tensions on risk appetite.
  • Trends in Bitcoin ETF inflows and outflows.

Despite these challenges, many analysts believe that the market could rebound once economic and political conditions stabilize.

 

 

 

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

 

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Cryptocurrencies have experienced a significant decline,
with Bitcoin falling below $90,000 amid a sell-off that impacted the market following the diminishing effect of Donald Trump’s election victory.

 

 

Contents:

 

 

 

 

 

Cryptocurrencies

Crypto Declines as Trump’s Influence Fades

Bitcoin’s value dropped below $90,000, hitting its lowest level since mid-November,
as the post-election rally following Donald Trump’s victory began to fade.

The cryptocurrency lost approximately 7.6%, trading at around $88,300 as of 11:38 AM on Tuesday in London,
marking its lowest level since mid-November.
Other cryptocurrencies also suffered losses, with Ethereum and Solana declining by nearly 10% during the session.

 

 

Bitcoin

Bitcoin Down 20% Since Trump’s Inauguration

The digital asset market has sharply reversed from the risk-driven rally that followed Trump’s election win.
Bitcoin has dropped about 20% since the U.S. president took office in January,
as his tough stance on allies and geopolitical rivals alike has shaken investor confidence and raised concerns about persistent inflation.

According to Adrian Przelozny, CEO of the cryptocurrency exchange Independent Reserve,
“Bitcoin’s decline is likely linked to overall macroeconomic uncertainty,
which has negatively affected most financial markets over the past two days,
particularly due to the various tariffs announced by President Trump.”

 

 

Successive Setbacks

Crypto Market Faces Continued Challenges

Market sentiment has turned pessimistic after a series of industry setbacks.
Among the most significant events was the largest-ever cryptocurrency security breach,
along with a scandal involving a meme coin promoted by Argentine President Javier Milei.

Caroline Moron, co-founder of Orbit Markets, a firm specializing in cryptocurrency derivatives liquidity, stated,
“The Bybit hack is the latest in a series of troubling events, such as the launch of questionable meme coins,
which have brought back unpleasant memories for crypto traders.”

 

 

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Bitcoin Falls Behind Gold Amid Market Turmoil

Bitcoin Falls Behind Gold Amid Market Turmoil

As geopolitical and trade tensions rise, gold continues to strengthen its position as a safe haven,
while Bitcoin faces challenges in proving its ability to keep up with this trend.

 

Contents

 

 

 

 

 

Gold’s Dominance

After delivering a strong performance in 2024,
Bitcoin is now under increasing pressure due to rising geopolitical tensions and
the return of former U.S. President Donald Trump to the White House.
This has driven investors toward safe-haven assets such as gold.

Despite Bitcoin’s 3% increase since the beginning of the year, it still lags behind gold,
which has gained 9%, according to data from Bloomberg.
Gold reached a record high of $2,882 per ounce following Trump’s controversial remarks on February 4,
suggesting that the United States could take control of Gaza—a statement that his aides later sought to downplay.
In contrast, Bitcoin is trading about 10% below its recent peak.

 

 

 

 

 

 

 

Bitcoin’s Volatility

Although Bitcoin has been described as a store of value similar to gold—thanks to its fixed supply of 21 million coins—it has yet to establish itself as a true safe-haven asset during times of crisis.
Meanwhile, gold continues to attract investors, particularly amid U.S.-China trade tensions and growing threats of new tariffs.
Unlike gold, Bitcoin often moves in parallel with technology stocks, making it more susceptible to volatility.

While Bitcoin is considered a hedge against fiat currencies, strong demand for the U.S. dollar continues to limit its appeal,
according to Aoifinn Devitt, Chief Investment Officer at Moneta Group, in an interview with Bloomberg.
She noted that “Bitcoin may develop its own unique characteristics over time, making it more independent from markets,
but for now, it remains one of the riskier assets.”

 

 

 

The Future of Currencies

Despite current challenges, Bitcoin supporters remain optimistic about its long-term potential as a reliable store of value.
Paul Howard, Senior Director at Wincent, explained that the emergence of exchange-traded funds (ETFs) that invest directly in crypto assets could help reduce Bitcoin’s volatility.
This, in turn, might encourage investors seeking high-risk opportunities to shift toward even more volatile cryptocurrencies.

With these ongoing changes, the key question remains: Will Bitcoin solidify its position as a digital alternative to gold, or will its volatility continue to hinder its transformation into a true safe-haven asset?

 

 

 

Bitcoin Falls Behind Gold Amid Market Turmoil

Bitcoin Surges on Trump Jr. Support and Institutional Demand

Bitcoin Surges on Trump Jr. Support and Institutional Demand

Cryptocurrency prices continued their gains on Thursday,
Bitcoin exceeded $98,000 following a statement from Eric Trump, son of the U.S. President,
urging his family’s World Liberty platform to invest in the digital asset.

 

Contents

Bitcoin

Adopting Bitcoin

Bitcoin as a Treasury Asset

 

 

 

 

Bitcoin Surges on Trump Jr.’s Endorsement & Institutional Interest

Cryptocurrency prices continued their gains on Thursday, with Bitcoin surpassing $98,000,
After Eric Trump encouraged his family’s World Liberty platform to invest in Bitcoin.

Bitcoin rose 0.67% to $98,119, while Ethereum surged 2.39% to $2,832.35.
Ripple climbed 1% to $2.4288, while Dogecoin, supported by Elon Musk, gained 2% to $0.2626.
Meanwhile, Trump’s token saw substantial gains of 6.78%, reaching $19.03.

In a post on the X platform, Eric Trump emphasized
that the time was right for World Liberty to invest in Bitcoin.
According to CoinDesk, his comments came just hours after the cryptocurrency hit record highs.

Despite these gains, digital asset traders remain cautious.
According to CoinMarketCap data,
the cryptocurrency market transaction volume fell 30.62% over the past 24 hours to $119.64 billion.

 

Major Companies Adopting Bitcoin as a Key Investment Asset

MicroStrategy, a software company that has become one of the largest institutional Bitcoin investors,
has inspired many corporations to buy and hold Bitcoin in their reserves to support struggling stock prices.

According to CoinGate, a cybersecurity firm,
pharmaceutical and advertising companies have joined a list of 78 publicly traded companies
worldwide that have followed MicroStrategy’s approach of purchasing Bitcoin as an alternative to holding cash reserves.

Michael Saylor, the founder of MicroStrategy, began aggressively accumulating Bitcoin in 2020,
transforming it into the company’s primary reserve asset.
With Bitcoin surging to $109,000 this year,
MicroStrategy has become the most significant corporate holder globally,
increasing its market value to $87 billion, nearly double the value of its Bitcoin holdings.

 

 

 

 

New Companies Using Bitcoin as a Treasury Asset

Several companies have adopted MicroStrategy’s model, including KULR Technology,
a U.S.-based thermal energy management company.
CEO Michael Mo announced that 90% of the company’s cash reserves would be invested in Bitcoin,
causing KULR’s stock to quadruple in value during December.

Other companies have taken a different approach by issuing bonds to finance Bitcoin purchases.
Semler Scientific, for example, acquired 871 Bitcoins for $88.5 million using convertible bonds, driving its stock price up 120%.
Donald Trump’s recent statements have further fueled Bitcoin enthusiasm.
He pledged to position the U.S. as a global leader in digital assets and,
in January, signed an executive order to establish a task force assessing the creation of a national digital asset reserve.

Additionally, regulatory changes have made it easier for financial
Institutions to hold cryptocurrencies, further supporting the crypto market.

 

Bitcoin Surges on Trump Jr. Support and Institutional Demand

Cryptocurrencies Surge Ahead of Fed Decision

Cryptocurrencies Surge Ahead of Fed Decision as Bitcoin Exceeds $102,000:
Cryptocurrencies rallied on Wednesday despite investor caution ahead of the Federal Reserve’s interest rate decision.
Bitcoin recorded gains surpassing $102,000, while Ethereum, Ripple, and Dogecoin also rose.
Meanwhile, the “Trump” token saw a decline.

 

Contents:

Cryptocurrencies 

U.S. Oil Inventories
Chinese Demand Slowdown 

 

 

 

 

Cryptocurrencies Surge Ahead of Fed Decision 

Cryptocurrencies saw gains during Wednesday’s trading session despite
cautious market sentiment ahead of the Federal Reserve’s interest rate decision.
Bitcoin surpassed $102,000, with Ethereum, Ripple, and Dogecoin rising, while the “Trump” token declined.

Daily trading volume in the crypto market dipped amid expectations that the Fed would maintain interest rates.
In a significant development, the Czech National Bank announced that it is considering investing 5% of its reserves in Bitcoin.
Additionally, Bitwise filed to launch a Dogecoin exchange-traded fund (ETF).

Meanwhile, Matrixport predicted a 20% rise in Bitcoin’s price during the Chinese Lunar New Year holiday,
citing past years’ positive performance trends.

 

 

 

U.S. Oil Inventories Rise Amid Declining Distillate Stockpiles and Stable Prices

According to the American Petroleum Institute (API), U.S. crude oil inventories increased by 2.86 million barrels last week.
However, stockpiles at the key storage hub in Cushing, Oklahoma, fell by approximately 144,000 barrels.

API data also revealed a 1.89 million-barrel increase in gasoline inventories,
while distillate stocks—including diesel and heating oil—declined by 3.75 million barrels for the week ending January 24.

Oil prices climbed at Tuesday’s close in energy markets.
Brent crude futures for March delivery rose 0.55% to $77.49 per barrel,
while U.S. WTI crude futures for March gained 0.8%, settling at $73.77 per barrel.

 

Chinese Demand Slowdown Pressures European Luxury Goods Stocks

European luxury goods stocks declined on Wednesday after LVMH’s earnings report indicated a slowdown in consumer spending in China,
reflecting caution amid weakening economic growth.

LVMH shares fell by more than 5%, while shares of Kering and Christian Dior saw similar declines.
Despite LVMH reporting better-than-expected revenues of €84.68 billion for 2024,
sales in Asia—particularly in China—showed significant deceleration, negatively impacting the entire luxury sector.

 

Cryptocurrencies Surge Ahead of Fed Decision as Bitcoin Exceeds $102,000

Crypto Declines as Traders Brace for U.S. Policy Shift

Crypto Declines as Traders Brace for U.S. Policy Shift

Will Bitcoin See the Creation of a Strategic Reserve?

Cryptocurrencies experienced a decline during Thursday’s trading session as Bitcoin approached the $100,000 level.
This came after a significant rally in the largest cryptocurrency by market capitalization,
which followed initial U.S. steps toward easing regulatory restrictions in the crypto market.

 

Contents:

 

 

 

Bitcoin

Bitcoin fell by 1.88% to $102,361.7, while Ethereum dropped by 1.25% to $3,223.26.

In another development, “Bitwise” and several investment managers submitted an official application to the U.S. Securities and Exchange Commission (SEC) to register exchange-traded funds (ETFs) for Dogecoin.
This move came in response to the significant increase in demand for the cryptocurrency,
which is strongly backed by billionaire Elon Musk.

Meanwhile, the SEC announced on Tuesday the formation of a “Crypto Operations” team led by Acting Chairman Mark Uyeda.
This team aims to develop a comprehensive and clear regulatory framework for digital assets.

The crypto market is eagerly awaiting a potential announcement from U.S. President Donald Trump in the coming days regarding a major executive order on Bitcoin and digital currencies.
This announcement is expected to bring significant changes to cryptocurrency regulations.
potentially providing long-awaited clarity to the rules governing this sector.

 

 

 

 

Trump

Trump sparked controversy with his statements about establishing a strategic Bitcoin reserve for the United States.
This initiative aims to enable the government to retain its current Bitcoin holdings
while adding more digital currencies to its reserves over the coming years.
Reports suggest that Trump is seeking to accumulate one million Bitcoins over five years,
representing about 5% of Bitcoin’s total global supply.

Several U.S. states, such as Florida, Wyoming, and Massachusetts,
have already begun supporting this idea by introducing bills to incorporate Bitcoin into their state reserves.

Experts also anticipate that the Trump administration will introduce a series of new policies to facilitate cryptocurrency investment and usage. These potential policies include supporting banks in securely holding digital assets on their clients’ behalf.
Additionally, tax reforms on cryptocurrency transactions might be introduced,
such as eliminating capital gains taxes on purchases made with Bitcoin.

The future of cryptocurrencies in the United States appears to be undergoing significant transformations
that could reshape the regulatory and investment landscape of this critical sector.

 

 

 

Crypto Declines as Traders Brace for U.S. Policy Shift

Bitcoin May Exceed $200,000 by 2025

Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover:
Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank,
has predicted that Bitcoin prices could exceed $200,000 by the end of 2025.

 

Content

Bitcoin
Japan-US Trade

 

 

 

 

Standard Chartered: Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover

Jeffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank,
has forecasted that Bitcoin prices will surpass $200,000 by the end of 2025,
driven by increasing institutional investment in digital assets.
In a report cited by the Binance Exchange, Kendrick stated that Ethereum prices might reach $10,000 within the same period.

Kendrick explained that investment entities such as pension funds and exchange-traded funds (ETFs)
would play a significant role in driving up the prices of digital assets.
He also expressed optimism about the cryptocurrency market’s recovery, supported by positive indicators,
including regulatory changes and supportive measures initiated by the U.S. government under President Donald Trump’s leadership.

Additionally, Kendrick noted that more minor digital currencies could achieve substantial gains,
benefiting from new ETF approvals and regulatory developments despite their recent performance declines.
He emphasized that institutional adoption of digital assets
would be one of the main factors boosting future growth in the cryptocurrency market.

 

 

 

 

Japan-US Trade Surplus Hits Record Levels Amid Tariff Threats

Japan’s trade surplus with the United States in 2024 surpassed the average levels recorded during President Donald Trump’s first term,
reflecting Japan’s continued export of significant quantities of goods to the world’s largest economy while importing less.

According to official data released on Thursday,
Japan’s trade surplus with the United States amounted to ¥8.6 trillion (equivalent to $54.9 billion),
far exceeding the ¥6.7 trillion average recorded between 2017 and 2020.
This increase was driven by higher automobile and auto parts exports,
along with a 7.7% depreciation of the Japanese yen compared to the previous year,
averaging ¥150.97 per dollar.

This significant trade surplus growth suggests that Japan may face potential decisions from the Trump administration.
The administration has long criticized countries with substantial
trade surpluses with the United States and threatened to impose tariffs on their imports.

On the other hand, the data showed Japan recorded
a trade deficit of ¥6.4 trillion with China during the same year,
which was the primary reason for its global trade deficit.
This highlights the global trade challenges Japan faces with its key economic partners.

 

Bitcoin May Exceed $200,000 by 2025 as Digital Assets Recover.

 

Crypto Market on Hold as Trump Skips Day-One Policies

Crypto Market on Hold as Trump Skips Day-One Policies: Bitcoin retreated from its record high as traders
awaited President Donald Trump’s cryptocurrency policies following his inauguration.

 

Content

Market Expectations

Trump Tokens

Meme Token Criticism

Details of Trump Tokens

Long-Term Potential

 

 

 

Market Expectations

The market anticipated an executive order supporting the digital asset sector,
but Trump’s first-day actions instead prioritized topics such as immigration, trade, energy, and TikTok.
 Bitcoin was trading at approximately $102,400 as of 12:31 p.m.
Tuesday in Singapore after peaking at $109,241 before the inauguration.
Other digital assets also experienced fluctuations.

Richard Galvin, co-founder of the DACM hedge fund, remarked:
 “It’s too early to draw definitive conclusions from the absence of an immediate executive order,
considering the Trump administration’s broad priorities.”
He added, “Markets have shown resilience, indicating investors are taking a longer-term perspective.”

 

Trump Tokens

Before the inauguration, Trump and his wife, Melania, launched meme tokens that caused market turbulence by redirecting flows.
Later, investors viewed this move as a signal that Trump might adopt crypto-friendly policies.

Bloomberg News reported that Trump is considering an executive order to classify
the digital asset sector as a “national priority.”
During his campaign, Trump transitioned into a strong supporter of digital assets despite previously calling Bitcoin a “scam.”
He pledged to establish the U.S. as the global cryptocurrency hub and supported the creation of a strategic Bitcoin reserve.

While the lack of an immediate executive order praising crypto was unexpected,
TD Cowen analyst Jaret Seiberg noted that such an order might be forthcoming, even if it’s not “substantive.”

According to CoinMarketCap, Trump’s meme token was trading at $34.
Its market cap reached over $15 billion on Sunday before plummeting below $7 billion by Tuesday.

 

Meme Token Criticism

Some industry leaders criticized Trump and Melania’s meme tokens, arguing they could undermine the cryptocurrency sector’s seriousness.

Others took a more optimistic view.
Ben El-Baz, managing director at HashKey Global,
stated that the tokens launched by Trump and his team have boosted Bitcoin’s momentum,
as retail investors expect the administration to “prioritize and reaffirm its commitment to the crypto industry.”

Meme tokens are known for their speculative nature and high volatility,
relying heavily on social media trends to boost their price.
However, they can lose value as quickly as they gain it.

 

 

 

 

Details of Trump Tokens

A Trump Organization affiliate, CIC Digital LLC, and another entity named Fight Fight Fight LLC
referencing Trump’s rallying cry after an assassination attempt grazed his ear during the campaign
collectively hold 80% of Trump tokens.
These holdings will unlock gradually over three years.

 

Long-Term Potential

According to the token’s website, 200 million tokens became immediately available,
with the supply expected to grow to one billion over three years.
The site clarifies that the token is not intended as an “investment opportunity,
investment contract, or security of any type.”

Gautam Chhugani from Bernstein noted that a meme token leveraging
Trump’s brand and political influence has “potential longevity.”
While some may criticize it,
Chhugani emphasized that this marks the beginning of a “new regulatory era for cryptocurrencies.”

Bitcoin has surged by 50% since Trump’s election win in November,
raising questions about whether this momentum can persist if anticipated presidential actions fail to meet speculators’ expectations.

 

 

Crypto Market on Hold as Trump Skips Day-One Policies