Equity Mates: Crypto
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Trump's Rug Pull: Tariffs Tank Crypto!

Trump's Rug Pull: Tariffs Tank Crypto!

Tracey Plowman
February 05, 2025

This Week in Crypto

🎙️Crypto Curious fans - are you peeking through your hands to read this? It’s been a week hasn’t it?! Well, the team are feeling ‘the tear up’ too - so in this episode (and in between scratching their heads) they break down the crypto crash & Trump’s tariff backlash! That, plus the Venice AI Drama and much more!

Video lovers ❤️ YouTube is here!

Crypto Curious Archives - Equity Mates Media

Are you crypto curious? Do you hear NFT and think WTF? Have you heard about Bitcoin and Ethereum but unsure where to start?

equitymates.com/show/crypto-curious

Markets at a glance.

Why Bitcoin’s price keeps changing!

X marks the spot.

Good articles.

Crypto Markets Rebound as Tariff Delay Eases Trade War Fears

The global crypto market cap surged 8.75% to $3.31 trillion, demonstrating the sector’s resilience to macroeconomic shocks.

Crypto Markets Rebound as Tariff Delay Eases Trade War Fears

Trump Tariffs Stir Crypto Sell-Off With Ether Tumbling Over 26%

Bitcoin prices plunged to a low of $92,460—falling below $100,000 for the first time since January.

For more of an unpack, tune in to this week’s Crypto Curious!

Bitcoin risks correction below $90K on US-China trade war concerns

Trade war concerns and traditional market volatility threaten a short-term BTC correction below $90,000, analysts told Cointelegraph.

Bitcoin risks correction below $90K on US-China trade war concerns

Trump's SEC Crypto Task Force Reveals Plan to Get Out of Regulatory 'Mess'

The SEC's new crypto task force lead has unveiled a list of priorities, all while taking aim at the "mess" created by the previous approach.

U.S. Crypto And Digital Assets Top David Sacks’ First Press Conference

Today, David Sacks, President Trump’s crypto and AI czar, held a press conference alongside Senator Tim Scott, Representative French Hill, Senator John Boozman, and Representative GT Thompson to unveil new plans for U.S. leadership in digital assets.

U.S. Crypto And Digital Assets Top David Sacks’ First Press Conference

Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Coinbase has secured UK regulatory approval, cementing its dominance as the country’s largest registered digital asset provider and accelerating its global expansion in crypto and fiat services.

Crypto things you didn’t know you didn’t know.

Prices can crash off the back of a tweet.

Speaking of crashes, there are issues outside of market control that can impact the price of cryptocurrencies. This is something to keep in mind if you’re considering making an investment.

Back in 2021, Elon Musk took to the social media platform Twitter – which he’s recently bought – to declare that he no longer liked Bitcoin. That tweet came in the form of a meme, with a couple of emojis and the hashtag #Bitcoin.

As a result, Bitcoin’s price dropped by 4.3%. That impact then rippled through the market. Dogecoin dipped by 1.7% too.

Before this incident, Musk had caused the price of Bitcoin to fall when he announced Tesla would stop accepting Bitcoin payments due to the crypto’s damaging environmental impact (as discussed above with crypto mining). The value of Bitcoin fell by hundreds of billions in just one day and Musk was labeled irresponsible.

In Other Crypto News!

Crypto market may take over 2 months for ‘full recovery’ if 2022 pattern repeats

Crypto analyst Matthew Hyland says the market may not see altcoin prices return to December levels until at least April.

Crypto market may take over 2 months for ‘full recovery’ if 2022 pattern repeats

Ohio Set to Lead the Bitcoin Revolution? New Bill Proposes Crypto Reserve

Ohio is making bold moves in the crypto world, as a new bill aims to create a state Bitcoin reserve.

Ohio Set to Lead the Bitcoin Revolution? New Bill Proposes Crypto Reserve

Japan PM Declares Crypto ‘Extremely Important’ Ahead of 2025 Tax Changes

Prime Minister Shigeru Ishiba of Japan stressed that cryptocurrency and Web3 development are essential for dealing with national problems and boosting economic performance

Japan PM Declares Crypto ‘Extremely Important’

Poll time!

SBF’S parents exploring ways to get Trump pardon for disgraced crypto-king son

The parents of FTX founder Sam Bankman-Fried are exploring ways to obtain a pardon from President Trump for their disgraced crypto-billionaire son who is currently serving a 25-year prison sentence, according to a report.