BlackRock CEO Sounds Alarm on Inflation as Crypto Market Loses $1 Trillion

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14.03.2025 48 times read 0 Comments

BlackRock CEO Warns of Inflation Amid $1 Trillion Crypto Market Loss

In a significant development reported by Forbes, the cryptocurrency market has seen a sharp decline, erasing $1 trillion in value within a month. Bitcoin's price has dropped below $80,000, reflecting broader economic concerns. BlackRock CEO Larry Fink, speaking at the CeraWeek conference, highlighted the potential inflationary impact of nationalistic trade policies under U.S. President Donald Trump. Fink's remarks come as the Federal Reserve faces challenges balancing inflation control with market stability. Additionally, U.S. inflation slowed to 2.8% in February, as reported by Reuters, but fears of a recession persist, with Goldman Sachs raising the odds of a recession to 20% over the next year.

Bitcoin Faces Pressure Amid Tariffs and Mt. Gox Transfers

MarketPulse reports that Bitcoin's price volatility continues, influenced by President Trump's tariff policies and fears of a recession. The cryptocurrency has struggled to maintain stability, hovering around $80,000. Additionally, the recent transfer of 11,834 bitcoins by Mt. Gox has added to market uncertainty. While no significant sell-offs have followed these transfers, the market remains cautious. Analysts note that selling pressure has increased, with short-term holders selling at a loss. The broader crypto market sentiment remains bearish, with limited signs of recovery.

Crypto Prices Surge Amid Weak Dollar and Recession Talks

According to The Economic Times, Bitcoin, XRP, and Dogecoin have experienced a price rebound, driven by a weakening U.S. dollar and reduced recession fears. Bitcoin's price climbed to $90,000, while XRP and Dogecoin also saw gains. However, analysts caution that this rally may be temporary, as market optimism could wane. The report highlights that the crypto market's performance is closely tied to macroeconomic factors, including inflation and trade policies.

Binance and Ripple Expand into Dubai Market

FXStreet reports that Binance and Ripple have made significant moves into the Dubai market, boosting investor confidence in altcoins. Bitcoin's price stabilized at $81,000, while Binance Coin (BNB) showed resilience with a slight gain. Ripple secured a license to offer crypto payments in Dubai, reflecting its growing presence in the region. However, the global crypto market remains under pressure, shedding $106 billion in valuation over the past 24 hours. Ethereum and Cardano recorded significant losses, signaling ongoing market challenges.

Trump Administration's Crypto Ties Raise Questions

CNN highlights concerns over the Trump administration's deepening ties to cryptocurrency. Several cabinet members, including Health and Human Services Secretary Robert Kennedy Jr. and Treasury Secretary Scott Bessent, disclosed significant Bitcoin holdings. These revelations come as the administration positions the U.S. as a leader in the digital asset market. Meanwhile, Binance founder Changpeng Zhao is reportedly seeking a presidential pardon from Trump, further complicating the regulatory landscape for cryptocurrencies.

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