FameEX Morning Crypto News Recap | February 10, 2025

Donald Trump Introduces 25% Tariffs on Steel and Aluminum Imports

President Donald Trump plans to announce 25% tariffs on all steel and aluminum imports, further intensifying his trade policy. Additionally, reciprocal tariffs will be introduced on Tuesday or Wednesday, effective immediately. Following the news, crypto markets experienced a decline of over 2% in the past 24 hours.

U.S. Non-Farm Payrolls Growth Slows in January Ahead of Powell's Monetary Policy Testimony

U.S. non-farm payrolls grew by 143,000 in January, below the expected 175,000, with the unemployment rate at 4%. Federal Reserve Chairman Powell is scheduled to testify on monetary policy before the Senate on February 11 and the House on February 12. Additionally, the unadjusted Consumer Price Index (CPI) annual rate for January will be released on February 12.

Strategy Weighs Increasing Its Bitcoin Holdings Once More

Strategy founder Michael Saylor shared new details about Bitcoin Tracker, declaring, "The blue line is dead. Long live the green dot." Following previous trends,Strategy tends to increase its Bitcoin holdings the day after releasing such news.

Barclays Projects U.S. Inflation to Increase by 0.2 Percentage Points Over the Next Year

Michael Pond, Barclays' global inflation research head, said inflation-indexed bonds predict a 0.2 percentage point rise in U.S. inflation over the next year. He pointed out that approximately 25% of this increase is driven by higher gasoline prices.

BlackRock Set to Launch Bitcoin Spot Investment Product in Switzerland

On February 9, BlackRock, the world's largest asset manager, will unveil a Bitcoin spot investment product in Switzerland. CEO Larry Fink called Bitcoin a safe haven against currency depreciation. The firm's Bitcoin Fund is seeing record capital inflows, indicating increasing institutional interest in cryptocurrency investments.

Hartmann Capital Founder Suggests Crypto Market May Be Nearing Bottom

On February 9, Hartmann Capital's founder indicated that the crypto market might be nearing its bottom, driven by negative funding rates and bearish sentiment. Funding rates remain negative, signaling more sellers than buyers. Moreover, top altcoins have retraced to their long-term trendlines, erasing much of their fourth-quarter 2024 gains.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​