Ether, altcoins dive double digits as Trump tariffs take further toll
The cryptocurrency market has been hit hard in the past 23 hours, with major coins such as Ether, Cardano, Avalanche, XRP, Chainlink, and Dogecoin all experiencing a significant drop of over 20%. This sudden decline comes after US President Donald Trump announced the implementation of his first round of tariffs, causing a ripple effect throughout the global economy.
The news of these tariffs has sent shockwaves through the financial world, with many investors and traders scrambling to adjust their portfolios. The uncertainty and volatility in the market have led to a widespread sell-off, resulting in the sharp decline of various cryptocurrencies.
Ether, the second-largest cryptocurrency by market capitalization, saw a drop of over 20%, falling from its recent high of $4,000 to just above $3,000. Similarly, other major coins like Cardano, Avalanche, XRP, Chainlink, and Dogecoin also experienced significant losses, with some dropping even further.
This sudden market downturn serves as a reminder of the interconnectedness of the global economy and how external factors can have a significant impact on the cryptocurrency market. While the exact reasons for the decline are still unclear, it is evident that the news of the tariffs has caused a wave of panic and uncertainty among investors.
Despite the current market conditions, many experts remain optimistic about the long-term potential of cryptocurrencies. They believe that this dip presents an excellent buying opportunity for those looking to enter the market or add to their existing positions.
As always, it is essential to approach cryptocurrency investments with caution and do thorough research before making any decisions. While the market may be experiencing a downturn now, it is crucial to remember that it is a highly volatile and ever-changing landscape. Only time will tell how the market will react to these tariffs and what the future holds for cryptocurrencies.
Thailand SEC plans to launch tokenized securities trading system
The Securities and Exchange Commission of Thailand has recently announced a new platform that will revolutionize the way securities companies trade digital tokens. This innovative platform will provide these companies with the opportunity to tap into their large investor bases and capitalize on the growing popularity of digital tokens.
With the rise of digital currencies and the increasing interest from investors, the need for a secure and efficient trading platform has become more pressing than ever. The new platform, developed by the Securities and Exchange Commission of Thailand, aims to address this need by providing a safe and regulated environment for securities companies to trade digital tokens.
One of the key benefits of this platform is that it will allow securities companies to reach a wider pool of investors. With the growing interest in digital tokens, there is a huge potential for these companies to attract new investors and expand their business. By leveraging their existing investor bases, securities companies can tap into this potential and increase their profits.
Moreover, the platform will also provide a level playing field for all securities companies, regardless of their size or resources. This means that even smaller companies will have the opportunity to compete with larger firms and access the same pool of investors. This will not only promote healthy competition but also drive innovation and growth in the digital token market.
The Securities and Exchange Commission of Thailand has always been at the forefront of promoting a secure and transparent financial market. With the introduction of this new platform, they are once again demonstrating their commitment to fostering a thriving and regulated digital token market in Thailand.
In conclusion, the new platform developed by the Securities and Exchange Commission of Thailand is set to revolutionize the way securities companies trade digital tokens. By providing a secure and regulated environment, it will not only benefit these companies but also promote growth and innovation in the digital token market. Investors can look forward to a more diverse and competitive market, while securities companies can capitalize on the growing interest in digital tokens.
Nasdaq futures plunge 2.7% as Trump’s trade war rattles markets
As the new week begins, traders are bracing themselves for a potentially turbulent ride in the stock market. Futures tied to the three major US stock indexes – the Dow Jones Industrial Average, the S&P 500, and the Nasdaq – are all showing signs of weakness, with prices in the red. This comes after a week of mixed performance, with the Dow and S&P 500 reaching record highs while the Nasdaq experienced a slight decline.
The uncertainty in the market can be attributed to a number of factors, including rising inflation concerns, ongoing trade tensions between the US and China, and the potential for a shift in monetary policy by the Federal Reserve. These factors have left investors on edge, unsure of what the future holds for the stock market.
Adding to the volatility is the ongoing COVID-19 pandemic, which continues to impact the global economy and has led to fluctuations in the stock market over the past year. With new variants emerging and vaccination efforts still ongoing, the pandemic remains a major factor in market performance.
Despite the current downward trend in futures, some analysts remain optimistic about the long-term outlook for the stock market. They point to strong corporate earnings and a recovering economy as reasons for potential growth in the future.
As always, it is important for investors to stay informed and make well-informed decisions when it comes to their investments. With the potential for a volatile week ahead, it is crucial to keep a close eye on market trends and seek guidance from financial experts.
In conclusion, the stock market is facing a potentially rocky start to the week, but there is still hope for future growth. As traders navigate through these uncertain times, it is important to stay informed and make strategic decisions to protect and potentially grow their investments.
Law firm that sued Pump.fun is being linked to a $23M ‘DOGSHIT2’ coin
At one point, DOGSHIT2 was the talk of the cryptocurrency world, with a staggering market cap of over $23 million. This digital currency, which was created in 2021, promised to revolutionize the way we think about money and transactions. However, as with many new and exciting ventures, the hype eventually died down and the market cap of DOGSHIT2 has now dropped to around $2.4 million.
Despite its name, DOGSHIT2 was not actually a joke or a meme coin. It was a serious attempt at creating a decentralized currency that could be used for everyday transactions. The team behind DOGSHIT2 believed that traditional fiat currencies were flawed and that a decentralized system would be more efficient and secure.
The concept of DOGSHIT2 was intriguing and many investors were drawn to its potential. However, as with any new cryptocurrency, there were also skeptics who questioned its viability and long-term success. As the market cap began to decline, these skeptics seemed to be proven right.
But what caused the downfall of DOGSHIT2? Some point to the lack of real-world use cases and adoption, while others blame market volatility and manipulation. Whatever the reason, it serves as a reminder that the cryptocurrency market is highly unpredictable and risky.
Despite its decline, DOGSHIT2 still has a loyal community of supporters who believe in its potential. And who knows, with the constantly evolving landscape of cryptocurrency, DOGSHIT2 may one day make a comeback and prove its critics wrong.
In the world of cryptocurrency, nothing is certain and everything is possible. DOGSHIT2 may have had a brief moment in the spotlight, but its story is far from over. Only time will tell what the future holds for this once-promising digital currency.
Utah could be first US state to pass Bitcoin reserve bill: Satoshi Action Fund
Utah is making headlines in the cryptocurrency world with its proposed Bitcoin reserve bill, which could potentially be the first of its kind to pass at the state level in the United States. This groundbreaking legislation has caught the attention of Bitcoin advocates and enthusiasts, who are eagerly awaiting its outcome.
The bill, officially known as the “Utah Digital Assets Reserve Act,” was introduced by Republican representative Ray Ward and aims to establish a reserve for digital assets, specifically Bitcoin. This reserve would be managed by a third-party custodian and would hold a portion of the state’s funds in Bitcoin, providing a hedge against inflation and potential economic downturns.
One of the main reasons why this bill is gaining so much attention is due to its relatively short legislative window. Unlike other states, Utah’s legislative session only lasts 45 days, giving lawmakers a limited amount of time to review and vote on bills. This means that the fate of the Bitcoin reserve bill will be decided quickly, adding to the excitement and anticipation surrounding it.
Bitcoin advocates are optimistic about the potential passing of this bill, as it could set a precedent for other states to follow suit. With the growing popularity and acceptance of Bitcoin, having a state government officially hold and invest in the cryptocurrency could be a major step towards mainstream adoption.
However, there are also some concerns and criticisms surrounding the bill. Some argue that it could be a risky move for the state to invest in a volatile asset like Bitcoin, while others question the need for a reserve when the state already has a strong economy.
Regardless of the outcome, the Utah Bitcoin reserve bill has sparked important discussions and debates about the role of cryptocurrency in government and the potential impact it could have on the economy. As the legislative session progresses, all eyes will be on Utah to see if this groundbreaking bill becomes a reality.
US Bitcoin ETFs could pull in over $50B in 2025, Bitwise says
Bitwise’s Matt Hougan says US spot Bitcoin ETFs recorded nearly $5 billion in net inflows over January, tipping inflows to reach over $50 billion by year’s end.
Trump's trade war will send BTC price 'violently higher' — analyst
“Get ready for the biggest macro trade of the year,” exclaimed Bitwise executive and analyst Jeff Park on social media. With the cryptocurrency market gaining more attention and adoption, Park believes that now is the perfect time to invest in this emerging asset class.
Cryptocurrencies, such as Bitcoin, have been making headlines recently with their skyrocketing prices and mainstream acceptance. This has caught the attention of many investors, including traditional financial institutions and high-profile individuals. As a result, the market has seen a surge in demand, leading to significant gains for those who have already invested.
But according to Park, this is just the beginning. He believes that the current market conditions present a unique opportunity for investors to make a high conviction macro trade. With the global economy still recovering from the effects of the pandemic, traditional assets like stocks and bonds are facing uncertainty. This has led to a growing interest in alternative investments, such as cryptocurrencies, which are not tied to the traditional financial system.
Park’s confidence in this trade is backed by the strong fundamentals of the cryptocurrency market. The limited supply of Bitcoin, coupled with its increasing adoption and use cases, has created a perfect storm for potential gains. And with the recent institutional adoption and support from major companies like PayPal and Tesla, the future looks even brighter for cryptocurrencies.
So, what does this mean for investors? According to Park, now is the time to act. With the market still in its early stages, there is still plenty of room for growth and potential profits. And with the recent dip in prices, it may be the perfect opportunity to enter the market before it takes off again.
In conclusion, Park’s high conviction macro trade for the year is a call to action for investors to consider adding cryptocurrencies to their portfolio. With the market gaining more attention and adoption, the potential for significant gains is undeniable. So, don’t miss out on this opportunity and join the cryptocurrency revolution today.
Bitcoin falls to $96.8K as Trump tariffs spook markets: OM, XMR, MNT, GT show promise
The cryptocurrency market has been experiencing a downward trend recently, with Bitcoin losing its grip on the $100,000 level and altcoins following suit. This has left many investors wondering if there is any hope for a recovery in the near future. However, amidst all the chaos, there are a few altcoins that are showing promising signs and could potentially lead the market towards a rebound.
One of these altcoins is OM, the native token of the decentralized finance platform, Mantra DAO. Despite the overall market downturn, OM has managed to hold its ground and even saw a slight increase in value. This can be attributed to the platform’s recent partnership with Polygon, a layer 2 scaling solution for Ethereum. This collaboration has opened up new opportunities for OM and could potentially attract more users to the platform, ultimately driving up its value.
Another altcoin to keep an eye on is Monero (XMR), a privacy-focused cryptocurrency. Despite facing some regulatory challenges, XMR has been steadily gaining traction in the market. Its unique privacy features and strong community support make it a promising investment option. Additionally, with the recent implementation of bulletproofs, XMR’s transaction fees have significantly decreased, making it more attractive to users.
Manta Network (MNT) is another altcoin that has been making waves in the market. It is a privacy-focused decentralized exchange built on Polkadot, offering users a secure and private trading experience. With the growing demand for privacy in the crypto space, MNT has the potential to become a major player in the market.
Lastly, we have GateToken (GT), the native token of the Gate.io exchange. Despite the recent market downturn, GT has managed to maintain its value and even saw a slight increase. This can be attributed to the exchange’s strong user base and its continuous efforts to expand its services and offerings.
In conclusion, while the overall market may be experiencing a dip, there are still some altcoins that are showing promising signs and could potentially lead the market towards a recovery. OM, XMR, MNT, and GT are just a few examples of altcoins that have the potential to thrive in the current market conditions. As always, it is important to do your own research and invest wisely.