The crypto market has entered February 2025 with turbulence and sharp sell-off. What are the major economic events that influenced this?
US President Donald Trump’s tariffs, geopolitical tensions, and the upcoming data releases – are all set to shape market sentiment further.
The week began with Trumps’ announcement of hefty tariffs on Canada, Mexico and China. Canada has retaliated already, sparking fears of a global trade wars.
Bitcoin (BTC), which had recently crossed the $100,000 mark and reached $109k for the first time in January 2025, plunged nearly 7% to a three-week low of $91,500 during Monday’s Asian trading session.
This marks an 11% drop from its all-time high of $109,114.88 recorded just weeks earlier.
Explore: Bitcoin Hits New Record High! BTC Rises 6% To Surge Past $109,000
Let’s not forget the Altcoin bloodbath. Ethereum (ETH) fell below $2,500, erasing three months of gains, while XRP plummeted by 27% to $2.
Other major altcoins like Dogecoin, Cardano, Chainlink, and Avalanche saw declines exceeding 20%.
My Altcoins are down 50% in last
2 months.Am i scared ? Yes and no
Yes – because it’s hard to see the
wealth getting slaughteredNo – because I know this is the exact
negative sentiment which happens
before the Epic Altseason starts.— Ash Crypto (@Ashcryptoreal) February 2, 2025
Let’s Look At Key Economic Data Releases To Watch Out For
This week is packed with critical economic events that could further sway market sentiment:
Monday, 3 February 2025, the US Labor Market Data – the ISM Manufacturing PMI report provides insights into the health of the US manufacturing sector.
The Organization of Petroleum Exporting Countries (OPEC) also convenes today. It will discuss production strategies amid fluctuating oil prices. Any decisions impacting energy markets could indirectly influence crypto as an alternative investment.
Tuesday, 4 February 2025 – JOLTS Job Openings report, followed by Non-Farm Payrolls (NFP) report later this week are expected to shed light on employment trends. The unemployment rate is projected to tick up slightly to 4.2%, reflecting early signs of weaker government hiring.
Thursday, 6 February 2025 – The Bank of England is expected to cut interest rates by 25 basis points amid persistent inflation concerns in the UK.
Approximately 20% of S&P 500 companies are set to release earnings this week, including tech giants Alphabet (Google), Amazon, and AMD.
Best Crypto to Buy During The Crypto Dip?
The question on everyone’s minds is which crypto will boom in 2025.
$MIND introduces an interesting concept by blending AI technology with the fun of meme coins. DeepSeek AI shows how AI can be more accessible. $MIND’s AI agent could offer unique insights into market trends, adding a utility layer to the meme coin space.
Explore: Why is Crypto Down Today? Best Crypto to Buy? Which Crypto Will Boom in 2025?
DeepSeek AI demonstrates the potential for cost-effective AI solutions, $MIND’s approach to using AI for market analysis might resonate with investors looking for something beyond just hype. Its presale success indicates interest, but it’s the AI component that could set it apart.
With DeepSeek AI’s hype, $MIND’s use of AI in the meme coin sector is worth watching. It’s not just about the meme but about the intelligence behind it. After all, $MIND is the world’s first truly self-sovereign crypto AI agent.
$MIND offers staking with a current APY of 468%, a 4.5x gain in a year. It is currently priced at $0.00324 before the token burns after launch. The token burn suggests a strategy to increase value over time, especially with more than $4.7 million raised.
Go to the MIND of Pepe website , connect your wallet, and purchase MIND using ETH or USDT, or even your bank card.
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