02/03 Update below. This message was initially published on February 2
Bitcoin and cryptography prices stalled after reaching an increase after the American presidential victory for Donald Trump – with fears that suddenly emerge the cryptographic bubble of $ 4 billions could be on the surface point.
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The price of Bitcoin increased to almost $ 110,000 per Bitcoin, helped by the disclosed plans of Elon Musk for the crypto in the White House.
Now, like a legendary Bitcoin trader warns against an imminent “financial crisis”, the president of the federal reserve Jerome Powell opened the door to Wall Street to further adopt Bitcoin and Crypto.
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The president of the American federal reserve, Jerome Powell, told Banks that they were authorized to offer bitcoin and … (+)
Getty images“Banks are perfectly able to serve cryptographic customers as long as they can understand and respond to risks,” said Powell at a press conference this week after the Fed has interrupted its cycle of the rate of rates of interest.
Wall Street’s banks “must be almost sure” that their Bitcoin and Crypto activities are “safe and solid,” added Powell.
02/03 Update: The prices of cryptography made a huge drop, wiping around $ 300 billion on the combined market which was hardly affected by the rapid climbing of the trade war launched by the volley of the President’s prices Donald Trump on goods from China, Canada and Mexico.
The prices, which should come into force on Tuesday morning, also struck the world’s stock markets, with investors who were recharging in the prospect of stricter negotiation conditions.
“A tidal wave of fear, uncertainty and doubt (Fud) was unleashed on the cryptocurrency market after the announcement of the American Friday price Donald Trump,” said Petr Kozyakov, Payment of payment platform From the Crypto-Chef of the Mercuryo management, in the comments sent by email.
“The prolonged higher interest rate prospect has shaken all world markets. While Bitcoin fell below the $ 100,000 mark, the Crypto king is once again in a class apart in contrast to altcoins raising dark red at all levels. »»
Bitcoin dropped overnight at just over $ 91,000, down nearly 10% at the lowest, before bouncing at around $ 95,000. Other major cryptocurrencies have experienced much higher drops, Ethereum fell by around 20% before recovering slightly and that the Ripple XRP and the rival of Ethereum Cardano is exchanging around similar levels.
Solana, the largest rival in Ethereum, has better succeeded, at only 6% and exacerbating fears among Ethereum holders that it could grasp the Altcoin crown.
However, crypto traders applauded the analysis of the guru of the investment of Bitwise Jeff Park, poster to X, who described his thesis on the reasons why the upcoming trade war could be good for Bitcoin.
“The prices can be just a temporary tool, but the permanent conclusion is that Bitcoin goes not only higher, but faster,” wrote Park, adding: “While the two sides of the equation of commercial imbalance will want Bitcoin For two different reasons, the end the result is the same: higher, violently faster – because we are at war. ”
The giants of Wall Street, led by the largest assets in the world, BlackRock, relied on Bitcoin and Crypto in the past year with a fleet of Bitcoin funds on Bitcoin (ETF) helping to normalize Bitcoin and crypto among financial establishments.
Powell’s comments mark a major change in feeling under Trump of the previous Biden administration which was hostile to the crypto.
Under Biden, Bitcoin and Crypto companies complained of an unofficial policy to “lush them”, reducing basic financial services and making it impossible to work – which has become “Operation Choke Point 2.0”, a Reference to a policy of the previous American government to cut the industries that are at high risk of fraud and money laundering.
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The price of bitcoin has made a higher increase in the past year, exceeding $ 100,000 per Bitcoin and driving … (+)
Digital forbes active ingredientsThe adoption by Trump of Bitcoin and Crypto – starting with its collections of non -budgetary tokens (NFT), growing to support a national stock of American Bitcoin and culminating with the launch of a controversial same controversial brand – A Conducts renovators and government agencies reversing their interruption of Trump. opposition to technology.
Meanwhile, Trump has followed his campaign promise to put stiff prices on goods from the United States from Canada, Mexico and China, paving the way for a trade war that could spread around the world .
Trump’s decree will impose prices of 25% on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China, which should come into force on Tuesday Morning.
“Gold, Silver, Bitcoin can crash”, Robert Kiyosaki, investor and author of Book Book Papa Riche Poor DadPosted on X, pointing Trump prices as a catalyst. “Well. Buy more once the prices are blocking. The real problem is debt, which will only get worse. The assets of accidents are on sale. It’s time to become richer.
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