Bitcoin Hits $100K Amidst Crypto Craze, But Skepticism Remains High

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01.02.2025 43 times read 0 Comments

Is 2025 the Year of Crypto?

The cryptocurrency market has captured national attention as Bitcoin's price soared to $100,000 for the first time. Despite this surge, a Pew Research Center study reveals that only 17% of U.S. adults own cryptocurrency, and 63% express low confidence in current investment methods. Interestingly, over half of Gen Z investors favor cryptocurrencies due to their higher risk tolerance (CNET). With new federal leadership potentially more favorable towards crypto, experts anticipate regulatory changes that could reshape the industry landscape.

XRP (Ripple) vs. Bitcoin: Which Is a Better Buy During the Trump Administration?

As President Donald Trump's administration takes office again, both XRP and Bitcoin have seen significant price increases since his re-election last November. Ripple’s network offers faster payments with lower fees compared to traditional systems like SWIFT; however, it faces legal challenges from the SEC regarding its status as an unregistered security. Meanwhile, Trump's executive order promoting digital assets suggests potential support for integrating Bitcoin into U.S financial frameworks (The Motley Fool).

Bitcoin Price Lower After Mexico, Canada, China Tariffs

A recent announcement by President Trump confirmed upcoming tariffs on Mexico and Canada at 25%, alongside a 10% levy on Chinese goods starting February 1st. This news caused Bitcoin prices to drop below $103,000 after initially rallying above $106,000 earlier in anticipation of tariff delays reported falsely by Reuters (CoinDesk). The broader CoinDesk Index also saw declines amidst these developments.

Crypto Price Today: Mixed Trading Amid Market Volatility

The Economic Times reports that while Bitcoin trades just under $103K following recent geopolitical tensions involving U.S.-imposed tariffs impacting global markets, cryptocurrencies such as Ethereum are experiencing mixed results across altcoins during volatile sessions driven largely by external factors beyond typical trading dynamics within decentralized finance ecosystems worldwide.

Elliott Management Warns of Inevitable Collapse Due To White House Bubble Influence

An activist investor group led by Elliott Management predicts an impending collapse within the crypto space, attributed primarily to perceived proximity between certain projects and influential figures inside Washington D.C., inflating speculative bubbles without substantial backing or intrinsic value supporting long-term growth prospects. This is amid ongoing scrutiny surrounding regulation policies affecting the future viability overall, according to Fortune Magazine analysis.

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