Donald Trump’s Tariff Threats Shake the Crypto Market
The crypto market experienced a major crash recently, with Bitcoin dropping below $95,000 and Ethereum falling to $2,000.
The primary cause? Donald Trump’s announcement of new import tariffs on Mexico, China, and Canada. Although he quickly backed down—likely initiating trade talks with these nations—the initial shock sent crypto prices tumbling.
Stock markets also took a hit, highlighting the growing correlation between cryptocurrencies and traditional financial markets.
Currently, the market is slowly recovering from the downturn.
Source: money.pl
Conference on Crypto Regulation
David Sacks, who oversees cryptocurrency policy in the Trump administration, held a press conferencediscussing plans to regulate digital assets in the U.S.
"First, there’s Bitcoin. It was the first digital currency. It’s the original, the strongest cryptocurrency. It has existed for over a dozen years. No one has ever hacked it. No one has ever broken its security," he stated, emphasizing BTC’s resilience.
He then addressed regulation: "Today, I met on Capitol Hill with leaders of the House and Senate Banking and Finance Committees, who are deeply involved in advancing legislation this year. The goal is to establish clear regulatory frameworks that the crypto ecosystem needs to continue driving innovation in the U.S."
We also learned that U.S. authorities are currently analyzing Bitcoin reserves.
Source: X
Eric Trump Recommends Investing in ETH
Eric Trump, son of Donald Trump, encouraged investors to buy Ethereum (ETH). In a post on X, he hinted that the market would "thank him later" (though he later deleted that part).
Meanwhile, World Liberty Financial, the Trump family's blockchain company, continues to accumulate ETH, now holding an estimated $422 billion worth.
Another bullish sign? Ethereum ETFs saw inflows of $307 million on February 4, compared to $340 million for Bitcoin ETFs—an almost equal level of interest.
Despite these positive signals, ETH’s price remains disappointing. Today, 1 ETH is trading at around $2,770, marking an 11% drop compared to a week ago.
Source: X
Tether Expands to Lightning Network
The stablecoin Tether (USDT) is now integrating with the Lightning Network, enabling faster and cheapertransactions. Previously, Lightning Network only supported Bitcoin transactions, but this expansion enhances USDT’s usability.
Source: Forbes