EddieJayonCrypto

 25 Feb 25

tl;dr

• Bitcoin Falls Below $92K Amid Trump’s Trade Tariff Announcement: Bitcoin plummeted under $92,000 following President Trump's announcement of tariffs on Canada and Mexico, triggering a broader market sell-off with crypto assets dropping over 10%.• Republican Opposition Halts State Bitcoin Reserve B...

• Bitcoin Falls Below $92K Amid Trump’s Trade Tariff Announcement: Bitcoin plummeted under $92,000 following President Trump's announcement of tariffs on Canada and Mexico, triggering a broader market sell-off with crypto assets dropping over 10%.
• Republican Opposition Halts State Bitcoin Reserve Bills: GOP lawmakers block state-level Bitcoin reserve proposals in Montana and North Dakota, raising questions about the crypto industry's political influence despite Trump's national Bitcoin reserve support.
• EU Sanctions Russian Crypto Exchange Garantex: The EU imposes its first-ever sanctions on a Russian crypto exchange, freezing assets and banning travel for 48 individuals and 35 entities linked to war-related financing.
• Crypto Market Plunges Due to Trade Tensions and Tech Stock Weakness: Bitcoin and Ethereum drop 5% and 11%, respectively, as trade uncertainty, Federal Reserve concerns, and tech sector struggles trigger market-wide risk aversion.
• South Dakota Rejects Bitcoin Investment Bill: State lawmakers vote against a proposal to allocate 10% of public funds to Bitcoin, citing volatility concerns, mirroring similar legislation failures in Montana.
• CEO Predicts ‘Selective Altseason’ Instead of Traditional Altcoin Boom: CryptoQuant CEO Ki Young Ju argues that altcoin surges will be more selective in the future, driven by ETF approvals and sustainable projects rather than broad market rallies.
• Bitcoin Drops 7.11% to $88,820 as Michael Saylor Buys More BTC: Amid Bitcoin’s latest crash, Saylor's Strategy purchases 20,356 BTC for $1.99 billion, increasing its holdings to 499,096 BTC worth $33.1 billion.

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