02/03 update below. This post was originally published on February 2
Bitcoin and crypto prices have stalled after soaring higher following Donald Trump’s U.S. presidential victory—with fears suddenly emerging the $4 trillion crypto bubble could be about to pop.
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Bitcoin’s value has risen to nearly $110,000 according to Bitcoin, aided through Elon Musk’s leaked plans for crypto in the White House.
Now, as a mythical Bitcoin merchant warns opposite to an imminent “financial crisis”, the president of the Jerome Powell Federal Reserve opened the door to Wall Street to adopt additional Bitcoin and Crypto.
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“Banks are perfectly able to serve cryptographic consumers as long as they can and respond to risks,” Powell said at a press convention this week after the Fed stopped its interest rate cutting cycle.
Wall Street banks “have to be pretty sure” their bitcoin and crypto activities are “safe and sound,” Powell added.
Update 02/03: Cryptographic costs have taken a huge step down, taking an estimated $ 300 billion of the combined market that has been affected through the growing war of the industry that temporarily caused the president’s volley of the United States, Donald Trump, in the price lists of the assets of the United States. from China, Canada and Mexico.
The prices, which enter into force on Tuesday morning, also reached the world’s inventory markets, with investors that were recharged in the possibility of stricter negotiation conditions.
“A tide of fear, uncertainty and doubt (FUD) introduced into the cryptocurrency market after Friday’s ad by email.
“The prospect of prolonged higher interest rates has rattled all global markets. While bitcoin has dropped below the $100,000 mark the King of Crypto is once again proving itself to be in a class of its own in marked contrast to altcoins bleeding dark red across the board.”
Bitcoin fell overnight to just over $91,000, down less than 10% at the lowest, before bouncing off at around $95,000. Other primary cryptocurrencies have seen many top drops, Ethereum fell around 20% before recovering and Ripple XRP and Ethereum rival Cardano swap around similar levels.
Solana, ethereum’s biggest rival, has fared better, off by just 6% and exacerbating fears among ethereum holders that it could seize the altcoin crown.
However, the cryptocurrencies The industries applauded the investment guru of the Bitwise Jeff Park investment on X, who defined his thesis on why the next War of the Industry can be intelligent for Bitcoin.
“Tariffs might be just a temporary tool, but the permanent conclusion is that bitcoin is not only going higher—but faster,” Park wrote, adding: “While both sides of the trade imbalance equation will want bitcoin for two different reasons, the end result is the same: higher, violently faster—for we are at war.”
Wall Street Giants, led through the world’s largest asset director, BlackRock, relied on Bitcoin and Crypto in the year beyond the year with a fleet of Bitcoin in Bitcoin (ETF) budgets that helps normalize Bitcoin and Crypto among monetary establishments.
Powell’s comments mark a primary replacement as sentiment under Trump for past Biden management that is hostile to crypto.
Under Biden, the Bitcoin and Crypto corporations complained about an unofficial policy of “losing them”, cutting the fundamental monetary facilities and causing them to serve as – which has become the “Operation Choke Point 2. 0”, a reference to a policy of the last US government to cut the industries that are greater threat of fraud and money laundering.
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Bitcoin’s value has exploded for beyond the year, surpassing Bitcoin-consistent $100,000 and leading. . . [] the crypto market of around $4 trillion when Donald Trump bets on Bitcoin and Crypto.
The adoption through Trump of Bitcoin and Crypto, starting with their collections of non -lying tokens (NFT), developing to a national inventory of American Bitcoin and culminating with the release of the same debatable logo, leads to renovators and government agencies that They reverse their inverse opposition to technology.
Meanwhile, Trump has continued through his promise as a crusade of putting abrupt price lists in the goods from the United States of Canada, Mexico and China, racing the way for an industry war that can be extended throughout the world .
Trump’s executive order will impose 25% costs on imports from Canada and Mexico, with a 10% tariff on Canadian power and oil, and an additional 10% tariff on China, which take effect Tuesday morning.
“Gold, Silver, Bitcoin can block,” Robert Kiyosaki, inverter and the ebook rich dad , which will only get worse.
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