⚠️ Trump shakes the markets!
Welcome to the Daily Tribune of Tuesday, February 4, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it is Tuesday, February 4, 2025, and as every day from Tuesday to Saturday, we summarize the latest news from the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
🏛️ America unveils its crypto plan on February 4!
As markets collapsed under the effect of Trump's tariffs, Washington is preparing to retaliate with a major conference led by David Sacks. This shadow strategist will unveil a plan to consolidate U.S. dominance in the digital realm. Objectives: regulation, innovation, and technological leadership against China and Europe. The Trump administration aims to protect investors while strengthening the competitiveness of U.S. companies, especially through AI and blockchain. As Bitcoin plunged below $100,000, this announcement could reshuffle the cards for the crypto industry. 🔗 Read the full article
🇮🇳 India ready to ease its crypto regulation?
In the face of the global rise of cryptos, India is reevaluating its position and considering a more flexible regulatory framework. Ajay Seth, economic secretary at the Ministry of Finance, confirmed that the country is closely following the regulatory adjustments in the United States and other major economies. India, which had considered banning private cryptos in 2021, might now opt for a more balanced approach to protect consumers while fostering innovation. The government is also exploring the development of a CBDC, a sign of growing interest in regulated digital assets. 🔗 Read the full article
🔥 $2.24 billion liquidated: A historic crash shook the crypto sphere!
Traders in shock: 730,000 positions liquidated in 24 hours after Trump’s announcement of new tariffs. This crash, more violent than those of FTX and COVID-19, primarily affected Ethereum ($609.9 million liquidated), followed by Bitcoin and Cardano. Binance absorbed 36.8% of the liquidations, while algorithms amplified the panic. However, some analysts remind that these crises are often followed by spectacular rebounds. After President Trump decided to pause the implementation of the new tariffs, the crypto market began to rise again. 🔗 Read the full article
🏆 Bitcoin reigns supreme: its dominance exceeds 60%!
Bitcoin consolidates its hegemony by surpassing 60% dominance in the crypto market, a level not seen in months. While altcoins collapse, BTC withstands the storm better, attracting capital in search of stability and liquidity. This surge can be explained by the growing mistrust of investors concerning altcoins, but also by an increased enthusiasm for Bitcoin ETFs, which attract billions of dollars. Analysts believe that if this trend continues, Bitcoin could regain its status as an essential asset, leaving altcoins struggling in a more selective market. A new era where BTC dominates unopposed? 🔗 Read the full article
The crypto of the day: Official Trump (TRUMP)
Official Trump (TRUMP) is a meme coin launched on the Solana blockchain, purportedly linked to former U.S. President Donald Trump. It is part of the trend of political and humorous cryptocurrencies, attracting speculative investors and Trump supporters.
Its main asset is its integration into the Solana ecosystem, which ensures fast and low-cost transactions. However, its value is more reliant on the trend and speculation, rather than on any real technological innovation or concrete use case.
At its core, TRUMP is essentially a speculative token with no fundamental utility other than trading and representing a political/media trend. But for the past week, it has also allowed users to purchase Donald Trump merchandise on his various sites.
Recent performance
Current price: €17.14
24h change: -5.01%
Market capitalization: €3.47 billion
Ranking on CoinMarketCap: #34
MicroStrategy suspends its Bitcoin purchases: a simple respite or a strategic turning point?
MicroStrategy, a pioneering company in the institutional adoption of Bitcoin, surprised the market by announcing a temporary pause in its BTC acquisitions. Michael Saylor, the executive chairman of the company, confirmed that no new purchases have been made for the past week. With an impressive stock of 471,107 BTC acquired for about $30.4 billion, the firm holds the largest Bitcoin reserve among publicly traded companies. This interruption, although brief, raises questions about a possible adjustment in the company's strategy. Meanwhile, MicroStrategy has not sold any shares under its "at-the-market" (ATM) fundraising program, suggesting that no funding is currently sought to continue purchases.
This pause could be interpreted in various ways. On one hand, the company may be waiting for a more opportune moment to strengthen its position, particularly in the case of a market correction. Its average acquisition price being $64,511 per BTC, a cautious accumulation strategy might be favored. On the other hand, the temporary halt in purchases may also reflect a desire to stabilize internal finances before initiating new acquisitions. The absence of stock sales under the ATM program suggests that the company does not have an immediate liquidity need, which could indicate a short-term strategic refocusing.
Despite this pause, MicroStrategy's confidence in Bitcoin does not seem to be in question. Michael Saylor continues to promote cryptocurrency as a superior store of value to fiat currencies and gold. If this interruption in purchases doesn’t signal a radical change in direction, it nonetheless marks a shift in the aggressive accumulation dynamic of the company. Investors will thus closely monitor MicroStrategy's next moves to determine whether this pause constitutes mere risk management or a first signal of a long-term strategic change.