The cryptocurrency and stock markets have experienced turmoil in late January and early February 2025. China's DeepSeek AI model has emerged as a powerful competitor to American big tech. President Donald Trump's tariff order targeting partners and allies, as well as China, has caused a swift and violent reaction in the financial markets. Bitcoin has seen a significant drop in price, raising concerns about a collapse below $90,000. However, since BTC is not dependent on supply chains that the tariffs might disrupt, experts believe there is a strong possibility of a bounce back once the contagion subsides. The next move for Bitcoin will likely be influenced by the broader state of the financial markets. If the regular trading session proves shocking and volume remains low, BTC could be at risk of further decline. The long-lasting consequences of the tariffs on trade with the US by America's allies and adversaries are also questioned.



Other News from Today