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Rollercoaster Week for Crypto: Bitcoin Dips, Ethereum Flash Crashes, and Trumps Impact on the Market
Cryptocurrency News Today: Market Updates & Analysis podcast.
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates and analysis from the world of cryptocurrencies. Let's dive right in!
Last week was a rollercoaster ride for crypto markets, with Bitcoin experiencing a 3% drop to $98,000 due to China's retaliation against Trump's import tax. However, foreign-exchange market activity suggests that a deal between the US and China might be on the horizon, which could lead to a rebound in crypto prices. ING notes that the AUD/CAD is down only 0.3% for the day, indicating that traders don't expect a prolonged tariff war.
Meanwhile, Ethereum took a hit, experiencing a flash crash-style dip to $2,080 on February 3, its lowest level since January 2024. This was largely due to weekend bearish volatility carrying over into the new week.
On the regulatory front, the Trump administration's pro-crypto stance is expected to have a significant impact on the market. A recent survey found that 60% of respondents believe cryptocurrency will perform better under Trump's presidency, with 75% of current crypto owners sharing this optimism. Wyoming Senator Cynthia Lummis has even proposed that the federal government buy up to one million BTC for a national reserve.
In other news, Grayscale launched a Dogecoin Trust, and Kraken resumed staking for US customers. MicroStrategy added another billion dollars worth of Bitcoin to its holdings and plans to sell more shares to fund future buys.
Looking ahead, there are several key events to watch out for. On February 5, Boba Network's Holocene hard fork network upgrade is scheduled for its Ethereum-based L2 mainnet. February 6 will see the Shentu Chain network upgrade (v2.14.0), and on February 13, Kraken will begin its gradual delisting of certain stablecoins for EEA clients.
That's all for now, folks Stay tuned for more updates and analysis from the world of cryptocurrencies. Until next time, keep on crypto-ing!
Your friend,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates and analysis from the world of cryptocurrencies. Let's dive right in!
Last week was a rollercoaster ride for crypto markets, with Bitcoin experiencing a 3% drop to $98,000 due to China's retaliation against Trump's import tax. However, foreign-exchange market activity suggests that a deal between the US and China might be on the horizon, which could lead to a rebound in crypto prices. ING notes that the AUD/CAD is down only 0.3% for the day, indicating that traders don't expect a prolonged tariff war.
Meanwhile, Ethereum took a hit, experiencing a flash crash-style dip to $2,080 on February 3, its lowest level since January 2024. This was largely due to weekend bearish volatility carrying over into the new week.
On the regulatory front, the Trump administration's pro-crypto stance is expected to have a significant impact on the market. A recent survey found that 60% of respondents believe cryptocurrency will perform better under Trump's presidency, with 75% of current crypto owners sharing this optimism. Wyoming Senator Cynthia Lummis has even proposed that the federal government buy up to one million BTC for a national reserve.
In other news, Grayscale launched a Dogecoin Trust, and Kraken resumed staking for US customers. MicroStrategy added another billion dollars worth of Bitcoin to its holdings and plans to sell more shares to fund future buys.
Looking ahead, there are several key events to watch out for. On February 5, Boba Network's Holocene hard fork network upgrade is scheduled for its Ethereum-based L2 mainnet. February 6 will see the Shentu Chain network upgrade (v2.14.0), and on February 13, Kraken will begin its gradual delisting of certain stablecoins for EEA clients.
That's all for now, folks Stay tuned for more updates and analysis from the world of cryptocurrencies. Until next time, keep on crypto-ing!
Your friend,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta
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By Quiet. PleaseCryptocurrency News Today: Market Updates & Analysis podcast.
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates and analysis from the world of cryptocurrencies. Let's dive right in!
Last week was a rollercoaster ride for crypto markets, with Bitcoin experiencing a 3% drop to $98,000 due to China's retaliation against Trump's import tax. However, foreign-exchange market activity suggests that a deal between the US and China might be on the horizon, which could lead to a rebound in crypto prices. ING notes that the AUD/CAD is down only 0.3% for the day, indicating that traders don't expect a prolonged tariff war.
Meanwhile, Ethereum took a hit, experiencing a flash crash-style dip to $2,080 on February 3, its lowest level since January 2024. This was largely due to weekend bearish volatility carrying over into the new week.
On the regulatory front, the Trump administration's pro-crypto stance is expected to have a significant impact on the market. A recent survey found that 60% of respondents believe cryptocurrency will perform better under Trump's presidency, with 75% of current crypto owners sharing this optimism. Wyoming Senator Cynthia Lummis has even proposed that the federal government buy up to one million BTC for a national reserve.
In other news, Grayscale launched a Dogecoin Trust, and Kraken resumed staking for US customers. MicroStrategy added another billion dollars worth of Bitcoin to its holdings and plans to sell more shares to fund future buys.
Looking ahead, there are several key events to watch out for. On February 5, Boba Network's Holocene hard fork network upgrade is scheduled for its Ethereum-based L2 mainnet. February 6 will see the Shentu Chain network upgrade (v2.14.0), and on February 13, Kraken will begin its gradual delisting of certain stablecoins for EEA clients.
That's all for now, folks Stay tuned for more updates and analysis from the world of cryptocurrencies. Until next time, keep on crypto-ing!
Your friend,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates and analysis from the world of cryptocurrencies. Let's dive right in!
Last week was a rollercoaster ride for crypto markets, with Bitcoin experiencing a 3% drop to $98,000 due to China's retaliation against Trump's import tax. However, foreign-exchange market activity suggests that a deal between the US and China might be on the horizon, which could lead to a rebound in crypto prices. ING notes that the AUD/CAD is down only 0.3% for the day, indicating that traders don't expect a prolonged tariff war.
Meanwhile, Ethereum took a hit, experiencing a flash crash-style dip to $2,080 on February 3, its lowest level since January 2024. This was largely due to weekend bearish volatility carrying over into the new week.
On the regulatory front, the Trump administration's pro-crypto stance is expected to have a significant impact on the market. A recent survey found that 60% of respondents believe cryptocurrency will perform better under Trump's presidency, with 75% of current crypto owners sharing this optimism. Wyoming Senator Cynthia Lummis has even proposed that the federal government buy up to one million BTC for a national reserve.
In other news, Grayscale launched a Dogecoin Trust, and Kraken resumed staking for US customers. MicroStrategy added another billion dollars worth of Bitcoin to its holdings and plans to sell more shares to fund future buys.
Looking ahead, there are several key events to watch out for. On February 5, Boba Network's Holocene hard fork network upgrade is scheduled for its Ethereum-based L2 mainnet. February 6 will see the Shentu Chain network upgrade (v2.14.0), and on February 13, Kraken will begin its gradual delisting of certain stablecoins for EEA clients.
That's all for now, folks Stay tuned for more updates and analysis from the world of cryptocurrencies. Until next time, keep on crypto-ing!
Your friend,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta