Overview
In the Crypto Daybook Americas, this morning update reviews the latest movements in crypto markets and reveals what to anticipate in financial trading gears towards Bitcoin.
The economic climate has shifted towards what is now termed “tariffs on/tariffs off.” Early signals indicated a push higher for cryptocurrencies, including Bitcoin, which sat at about $99,000.
- Bitcoin Trading Summary:
- Current Price: $99,440.65 (4.84% change)
- Status: Gaining traction amid tariff news
Market Movements
Expect fluctuations in the markets influenced by President Trump’s tariff policies:
- “Tariffs On” Trading: Bitcoin fell to near $91,000 following tariff announcements.
- “Tariffs Off” Trading: Following a pause on tariffs against Mexico, Bitcoin rebounded above $100,000.
Key Events to Watch for on February 4, 2025:
- 10:00 a.m.: Job Openings and Labor Turnover Survey (JOLTS)
- 2:30 p.m.: Press conference by David Sacks
- 7:30 p.m.: Speech by Philip N. Jefferson
Stay updated for dynamic changes as negotiations unfold, particularly between the U.S. and China, impacting global trade.
