Coin Monitor: BTC ETH Down on Trump’s EU Tariff Woes
By Manoj Dharra
In today’s coin monitor we will discuss about
1) BTC and its 1 year chart
2) How EU and U.S tariffs are impacting the markets
3) Select Altcoins are trading higher
4) Why AI tokens are smiling despite market downturn
3) Meanwhile, the entire market once again turned red in the past few hours. ETH, SOL, BNB, DOGE, XRP, ADA, XLM, and many others have charted notable price losses.
Litecoin Launches Official Domain ‘Meet.LTC’; Litcoin Jumps 7% (CMP $126.62)
Grayscale Seeks SEC Approval For Polkadot ETF Listing on Nasdaq; DOT Jumps 3% (CMP – $4.87)
Avalanche Approved for Trading in Hong Kong & Launches Visa Card; AVAX Jumps 3%
Avalanches Visa Card — Now you can spend $USDT, $AVAX, & USDC at ANY Visa-accepting merchant worldwide!
Avalanche joins Bitcoin, Ethereum, and Chainlink as one of four cryptocurrencies approved for trading in Hong Kong.
Nvidia Earnings: AI Giant Brought In $39 Billion During Fourth Quarter—Smashing Forecasts
In its fourth fiscal quarter ending last month, Nvidia reported $39.3 billion in revenue, $0.89 adjusted earnings per share and $22.1 billion of net income, equating to year-over-year revenue growth of 78% and profit growth of 71%.
Outlook
Analysts and industry experts such as BitMEX co-founder Arthur Hayes and 10x Research head of research Markus Thielen said that the majority of Bitcoin ETF investors are hedge funds seeking arbitrage yields, not long-term BTC investors, and they are now unwinding their positions as these yield opportunities dry up.
Hayes predicted on Feb. 24 that BTC would dump to $70,000 on the continued outflow from spot ETFs. Traders have also targeted the $74,000 zone as US President Donald Trump threatened more trade tariffs.
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