The company behind the USDT stablecoin just dropped some impressive news, because they’ve got $7 billion surplus in reserves.
Jail time for fentanyl trafficking and crypto money laundering
A New Jersey man is facing some serious time behind bars after being convicted of running a drug trafficking and money laundering operation that had a little crypto twist.
El Salvador goes all in, 2 more Bitcoin in a day
El Salvador is back in the Bitcoin game, and this time they’ve upped their ante.
15% of PENGU still unclaimed, and time is ticking
Pudgy Penguins hype is high, and full of excitement because 15% of their $PENGU tokens are still up for grabs.
Bitcoin ETFs’ first year is done
Back on January 11, 2024, the first-ever spot Bitcoin ETFs hit the market. Gary Gensler, the former SEC chair known for his tough stance on crypto, issued a last-minute warning about Bitcoin’s volatility, but not many people listened.
Global Trade War Fears Trigger Sharp Decline in Crypto Markets: Bitcoin and Ethereum React to Escalating Tariff Tensions
As of February 3, 2025, Bitcoin (BTC) is trading at approximately $94,151, reflecting a 5.26% decline from the previous close, with a trading range between $91,279 and $100,461.
Ethereum (ETH) has experienced a sharper drop, currently priced around $2,537.16, down 17.78%, fluctuating between $2,147.05 and $3,131.63.
This significant downturn in the crypto market is largely driven by escalating concerns over a potential global trade war following President Donald Trump’s announcement on February 1 of new tariffs—25% on imports from Mexico and Canada and 10% on goods from China—set to take effect on February 4.
Retaliatory measures promised by Canada, Mexico, and China have further heightened investor anxiety, prompting a shift away from riskier assets, including cryptocurrencies.
While Bitcoin has historically been viewed as a hedge against traditional market volatility, its recent performance highlights growing sensitivity to global economic events.
The current reaction underscores how geopolitical tensions and policy decisions are increasingly shaping cryptocurrency market dynamics.
As these developments continue to unfold, investors should remain vigilant, as ongoing geopolitical and macroeconomic shifts are likely to influence crypto valuations in the near term.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Binance CEO shares tips to dodge crypto scams
In the crypto market, you might want to perk up your ears, so Richard Teng, the big dog over at Binance, just dropped some serious wisdom on how to steer clear of those Ponzi and pyramid schemes that seem to be popping up everywhere.
Polkadot spot ETF from 21Shares is coming?
21Shares just made some noise by filing with the SEC to launch a spot Polkadot ETF. So maybe Polkadot is getting its own ETF finally?