Category: CryptoX News

Crypto fear & greed index falls to 44 on fears of market wipeout

The Crypto Fear & Greed Index has fallen to a 4-month low of 44 following the $2.2 billion crypto market crash earlier today. The index, which represents crypto market sentiments and emotions on a scale of 0 to 100, had not fallen below 50 since Oct.12. Triggered by U.S. president Donald Trump’s announcement of double digit trade tariffs on Canada, Mexico and China, the total crypto market cap fell nearly 12% in the early hours of Feb. 3, with Bitcoin (BTC) alone falling over 5%. The index immediately fell from…

Ethena’s USDe Stable Despite Trade War Volatility

It’s business as usual for Ethena’s USDe as the synthetic stablecoin appeared to weather the storm brought on by market volatility from the White House’s trade war threats. USDe differs from stablecoins such Circle’s USDC because it’s a synthetic stablecoin and not backed by fiat assets at a 1:1 ratio. The stablecoin maintains its $1 peg by collateralizing stablecoins and leveraging a hedged cash-and-carry trade, which involves taking futures positions with large open interest available to stabilize value. USDe spent most of the Monday trading day maintaining its $1 peg,…

Crypto crash wipes out $2.2B—Worse than FTX and LUNA

Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered a massive crypto crash. The chaos led to the worst single-day liquidation event ever recorded—surpassing even the Terra (LUNA) collapse and the FTX (FTT) downfall. $2.15b liquidated from the crypto market in the past 24…

Chance of Bitcoin (BTC) Price Tanking to $75K Doubles as Trump’s Tariffs Ignite Trade War, Derive’s Onchain Options Market Shows

Bitcoin’s (BTC) on-chain options market on Derive.xyz indicates a 22% probability of prices falling to $75,000 by March 28, a notable rise from last week’s 10% chance. The sharp rise in probability follows a renewed import tariff war between the U.S. and its top trading partners, Canada, Mexico and China and concerns it will add to inflation in the global economy, making it difficult for central banks, including the Fed, to cut interest rates. “The recent tariffs imposed by Trump, including 25% on imports from Mexico and Canada and 10%…

BTC Price Drops 8% to $93K as Asia Awakens to Trump’s Trade War

Major cryptocurrency including bitcoin (BTC), ether (ETH), Solana’s SOL, and XRP were all significantly down as Asia began its trading week. By mid-morning Hong Kong time, BTC was down 8%, trading above $93,100, according to CryptoX Indices data. Meanwhile, ether (ETH) is down nearly 20%, trading at $2,500, while SOL is down 13% at $184. XRP is down 28% and trading at $2. Data from CoinGlass shows that over the last 12 hours nearly $1.3 billion in long positions have been liquidated, with around $400 million in long ether positions…

SHIB and DOGE holders rush into altcoin set to surge in 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu and Dogecoin investors are moving to new contender XYZVerse for its potential to surge in 2025. Investors who have backed Shiba Inu (SHIB) and Dogecoin (DOGE) are turning their attention to another digital currency, XYZVerse (XYZ). This emerging altcoin is gaining traction for its potential to soar in 2025. Trump ignites crypto Frenzy: XYZ set for a massive surge Donald Trump’s return has sent shockwaves through the…

Trump tariffs may have ripple effects in crypto: Here’s why

Recent tariffs imposed by President Donald Trump on imports from Canada, China, and Mexico are expected to have varying impacts on the cryptocurrency mining sectors in these countries. U.S. and China The U.S. has announced a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods, effective Feb. 1, 2025, according to the Associated Press. While these tariffs primarily target traditional industries, the cryptocurrency sector may experience indirect effects. Here’s why: Most U.S. mining hardware is imported, making miners vulnerable to changes in trade policies or…

Latam Insights Encore: El Salvador Yields to IMF Pressure, Coinbase Lands in Argentina

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, El Salvador de-risks its economy from bitcoin, Coinbase launches in Argentina, and Hive Digital expands its operations in Paraguay. El Salvador Complies With IMF Requirements: Bitcoin Legal Tender Status Withdrawn […] Source CryptoX Portal

The Myth of Trump’s ‘Painless’ Revenue: How Taxes and Tariffs Both Betray Free Market Principles

Since Donald Trump was sworn in, debate has intensified over replacing income tax with tariffs—a tactic free market purists contend is simply another form of economic interference—prompting this editorial to explain why tariffs are considered unworkable and to explore alternative funding methods for a minarchist-style government dedicated to protecting citizens. Examining the Economic Case for […] Source CryptoX Portal

India takes cue from US, re-examines crypto regulations

India is reevaluating its cryptocurrency stance in response to changing global attitudes. Economic Affairs Secretary Ajay Seth told Reuters that India’s review considers the changing positions of multiple jurisdictions regarding cryptocurrency usage and acceptance. This reassessment has delayed the release of a cryptocurrency discussion paper originally scheduled for September 2024. “More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper…