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news-imageFebruary 2, 2025

Bitcoin, Ripple's XRP, Solana, and Dogecoin Fall Hard As President Trump Launches New Trade War

The price of Bitcoin nosedived after President Donald Trump's administration signed an executive order imposing new steep tariffs on all imported goods from China, Mexico, and Canada. The top coin by market cap is now down 4.4% on the day and roughly 6.8% over the last week at a current price of $97,754.
Publisher: Zycrypto
Sentiment: Negative
BTC
DOGE

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cover-imageThe Currency Analytics
February 2, 2025

Will the U.S. Ever Create a Bitcoin Reserve? Fed Official Speaks on Legal Barriers

The idea of the United States creating a Bitcoin reserve has been gaining attention recently, but a Federal Reserve official has now made it clear that such a move may face significant legal hurdles. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, has spoken out on the matter, shedding light on the complex legal constraints surrounding the Federal Reserve's ability to hold digital assets like Bitcoin.

Negative
cover-imageCoinPedia
February 2, 2025

Will XRP Crash to $1.90? $111 Million Shorts Dominate

Crypto whales seem to be returning to the market with the aim of accumulating as much as possible as the market experiences a free fall. Recently, the on-chain analytics firm Coinglass revealed that whales and long-term holders have shown strong interest and confidence in XRP, Ripple Labs' native token.

Positive
cover-imageCryptoSlate
February 2, 2025

Why lending platform Ledn will always be Bitcoin first

The following is a guest post from Christina Comben. If you've been following the crypto space for any length of time, you may be familiar with the name Ledn, pretty much the only centralized Bitcoin lending platform that didn't crash and burn in the aftermath of Terra/LUNA, FTX, et al in 2022.

Negative
cover-imageNewsBTC
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Bitcoin Price Is Trading In This Bearish Flag — What's The Downside Target?

The Bitcoin price has shown some level of resilience above $100,000 in the past few weeks, weathering the storm of uncertainty that came with Donald Trump's inauguration and the launch of the Chinese AI platform DeepSeek. However, a prominent analyst on the social media platform X has come forward with a worrying prediction for the premier cryptocurrency.

Positive
cover-imageBenzinga
February 2, 2025

How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer

New Defense Secretary Pete Hegseth brings cryptocurrency holdings to the Pentagon's top post, with financial disclosures showing he owns between $5,000 and $15,000 in Bitcoin amid his broader support for digital assets. “Look at [Donald] Trump, making bitcoin great again,” Hegseth said during a Fox News segment in November after Bitcoin initially surged past $80,000.

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