Post
Topic
Board Altcoin Discussion
Topic OP
Crypto market shows little recover after increasing tax on aluminum and steel
by
Cryptocrit
on 11/02/2025, 06:10:12 UTC
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdfg7Zx6kdL9zayYGd0y4xg9H6TO2h96BLzsfnNUyVnXs8tIXyVf_Ps7Xdxobe9BKuL5XyWffa9fZjMZBeMcqz_WQzDwxxc58ImQMvVxYPXZEboGtDdxi13FXkCrNO9-H38TGHTPn42wm7LGy972BUp9YNRTh6dhsT1_UbAYtoo0AO8MGgW7dcAO5BtHbt/w640-h636/Screenshot_18.jpg

The cryptocurrency market saw slight gains as Bitcoin, Ethereum, and XRP rebounded from a weekend decline. This reflects the growing connection between crypto and the stock market, particularly the S&P 500, which also saw minor gains. Investors are closely watching how global financial markets react to ongoing economic uncertainties. The correlation between stocks and crypto suggests that external factors, such as trade policies, could impact digital asset prices.

Tensions in global trade have risen after President Donald Trump announced new tariffs, including a 25% tax on aluminum and steel. In the previous trade war of 2018-2019, similar tariff measures led to a 2.5% drop in the S&P 500, raising concerns about possible market instability. If stocks decline in response to the latest tariff announcements, cryptocurrencies may also experience downward pressure. However, some market players remain optimistic, believing that long-term adoption and investment could help sustain crypto prices.

One significant factor supporting Bitcoin’s price is the renewed purchasing activity by a Bitcoin treasury company “Strategy”. After pausing acquisitions in January...

https://www.cryptocrit.xyz/2025/02/crypto-market-shows-little-recover.html