The tariffs caused significant turmoil in the stock market, but it was believed that the cryptocurrency market is well-positioned to avoid a similar effect. However, this doesn’t seem to be the case as Bitcoin and altcoins are quickly falling well below their recent all-time highs.  

Bitcoin last traded around $75K in November before embarking on a record-setting rally following the Presidential elections that saw it hit a record price of $109,026.02 in January. The momentum started fading in early February as Bitcoin returned below $100K before trading around $80K throughout March.

After the stock market endured a rough week, which included the Dow Jones Industrial Average posting back-to-back days with losses of more than 1,500 for the first time ever, the crypto market followed over the weekend.

Bitcoin fell to $74,775.61 on Monday morning, marking a 10% dip in 24 hours, before returning to $76K shortly after. Ether, on the other hand, has traded below $1,500 at one point, marking its lowest price since early 2023.

“For a moment, it seemed as though crypto might hold steady, but with the 24/7 nature of crypto markets, investors woke up on Sunday in full ‘sell mode,’” Charlie Sherry, head of finance and crypto analyst at BTC Markets, wrote in a research note.

The post Crypto Rally Loses Steam, Bitcoin Dips Below $75K appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

Coinbase made the announcement in a release posted on their website, saying that the “SEC staff has agreed in principle to dismiss its unlawful enforcement case against Coinbase, subject to Commissioner approval.”

“We’ve always maintained that we were right on the facts and the law, and today’s announcement confirms that this case should never have been filed in the first place. This is a victory not just for Coinbase, but for our customers, the United States, and individual freedom,” the release stated.

Back in 2023, the SEC filed a lawsuit against Coinbase, arguing that the digital assets traded on the platform constituted “unregistered securities” and could result in financial harm for the users. It was one of several cases that saw the SEC take on major crypto companies.

However, the SEC is now changing course under new crypto-friendly leadership. The agency is in the process of amending its regulations and reviewing past lawsuits with the intention to seek settlements.

Coinbase stock traded higher early on Friday before dropping by 8.27% by the end of the day to close at $235.38 per share. The company’s shares have been down since the start of the year after improving by as much as 70% at the beginning of December.

The post Coinbase Expects SEC to Drop Its Lawsuit Against the Crypto Exchange appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

In a recent report, Steno Research’s analysts predicted that Bitcoin, the world’s most valuable cryptocurrency, will reach a price of $150,000 per coin at some point this year. Currently, Bitcoin is trading at around $98K, roughly 8% down from its record price of $108,135.

According to Steno Research, the world’s second most valuable cryptocurrency, Ethereum, will perform even better. They have Ethereum exceeding $8,000 per coin in 2025. It is currently trading at around 3.6K after it previously reached $4,721.07 in December.

Steno Research attributes the expected rise of the crypto market to multiple factors coming together, including “an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-bitcoin-halving performance.”

The company also believes that altcoins, a term used to describe cryptocurrencies other than Bitcoin and Ethereum, will also enjoy a favorable climate.

“This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for bitcoin,” Steno Research’s Mads Eberhardt shared in the report.

The post Steno Research Predicts Bitcoin Reaching $150K and Ethereum Exceeding $8K in 2025 appeared first on theprimarymarket.com.

In a recent note, Bitfinex’s analysts made a case for Bitcoin reaching a price of $200,000 “around mid-2025” based on previous trends in the cryptocurrency market. Their minimum target price for that period is $140,000.

“The current bull market reflects strong institutional demand, led by ETFs and spot accumulation,” the note said. “Historical data suggests we are mid-cycle, following the April 2024 halving, with the market likely to peak around [the third and fourth quarter of] 2025, approximately 450 days post-halving. Historically, post-halving years have seen the strongest rallies.”

Bitfinex analysts added that the price of Bitcoin might see some oscillations in early 2025. However, they don’t see a significant drop due to a variety of factors, including the broader adoption of Bitcoin as an asset and friendlier approach by governments and financial institutions.

Bitcoin embarked on a massive rally in early November and broke the $100,000 mark for the first time on December 5. The coin is currently 139.62% up year-to-date.

The post Bitcoin Reaches New All-Time High, Could Hit $200K “Around Mid-2025” According to Bitfinex appeared first on theprimarymarket.com.

Bitcoin soared following the U.S. presidential elections on expectations of a crypto-friendly government. However, the rally never went as far as crypto investors expected, and they are now taking profit instead of waiting for the $100K barrier to be broken. One estimate is that $60 billion worth of Bitcoins have been moved in the past month.

According to experts, the current slide might not last long. Their view is that the profit-taking is an expected move after record highs and that Bitcoin will move up sooner rather than later.

“While breaking through now would be a major bullish signal, a brief pullback may be needed to gather momentum before the next attempt,” Mati Greenspan, CEO of Quantum Economics, told CNBC.

“Historically, when new all-time highs are reached, there is typically a period of consolidation before further moves up,” Brett Reeves of crypto-focused company BitGo added.

The next major movement of Bitcoin’s price is expected to take place around December 27th. This is when $11.8 billion in Bitcoin options are set to expire, and it is believed that the market could end up going either way.

The post Bitcoin Dips After it Fails to Reach $100K Mark appeared first on theprimarymarket.com.

In a recent appearance on Yahoo Finance’s Opening Bid podcast, Vince recognized the increasing popularity of digital importance but said that crypto won’t dethrone the U.S. dollar anytime soon.

“I don’t think the dollar is going to go anywhere,” Vince said.

According to Vince, there is a potential to put blockchain technology, the basis of the majority of digital assets, to use in the financial sector, but crypto overall has its limitations. This mainly concerns the lack of regulations as well as the volatility that is often associated with these assets.

“Whether or not an individual wants to put all their money in a particular coin is a slightly different thing,” he explained.

Vince also added that the emergence of cryptocurrency and other digital assets is an opportunity for his bank and the entire financial sector to evolve and be more innovative.

“The way we treat and make the dollar work efficiently and effectively in the world’s financial system is going to evolve,” he shared.

The post CEO of America’s Oldest Bank Says Crypto Won’t Replace Dollar appeared first on theprimarymarket.com.

FTX, which was once one of the largest crypto exchanges in the world, filed for bankruptcy in November 2022 after it was discovered that its founder and CEO, Sam Bankman-Fried, used customers’ funds for risky bets and personal expenses.  As part of the bankruptcy process, FTX said it will repay around $16.3 billion to its users while floating the idea of issuing refunds in cash and stablecoins.

Stablecoins are crypto assets that have their value tied to an outside commodity. In most cases, it is a currency like the US dollar or an asset like gold.

After learning about FTX’s plans, the SEC expressed its doubts by saying that it “is not opining as to the legality, under the federal securities law, of the transactions outlined in the Plan and reserves its rights to challenge transactions involving crypto assets.”

Additionally, the SEC asked for FTX’s bankruptcy plan to be amended and have its discharge provision removed. Discharge provision protects debtors from being sued again for the same cause.

“Unless the Plan provides that the Debtors shall not receive a discharge and removes any discharge injunction, the Court should deny confirmation,” the filing adds.

The post SEC Could “Challenge” Refunds to FTX Users in Crypto appeared first on theprimarymarket.com.

Head of OTC Trading at BlockFills John Divine and roundtable anchor Rob Nelson discussed the rise of the cryptocurrency, noting that the recent Bitcoin event in Nashville, Tennessee, which drew attention to the high-profile figures who have taken an interest in the currency, including presidential candidate Robert F. Kennedy Jr. and former President Donald Trump.

Divine did note, however, that following the event, the U.S. government took the decision to move some of its Bitcoin holdings, thereby slowing down the crypto’s recent growth surge. The BlockFills executive added that the outlook of political figures on Bitcoin could significantly affect its growth trajectory going forward, with prominent leaders expressing both bullish and bearing outlooks on Bitcoin depending on their political affiliations.

The post Bitcoin Races to $60,000 as Investor Confidence Grows appeared first on theprimarymarket.com.

The tariffs caused significant turmoil in the stock market, but it was believed that the cryptocurrency market is well-positioned to avoid a similar effect. However, this doesn’t seem to be the case as Bitcoin and altcoins are quickly falling well below their recent all-time highs.  

Bitcoin last traded around $75K in November before embarking on a record-setting rally following the Presidential elections that saw it hit a record price of $109,026.02 in January. The momentum started fading in early February as Bitcoin returned below $100K before trading around $80K throughout March.

After the stock market endured a rough week, which included the Dow Jones Industrial Average posting back-to-back days with losses of more than 1,500 for the first time ever, the crypto market followed over the weekend.

Bitcoin fell to $74,775.61 on Monday morning, marking a 10% dip in 24 hours, before returning to $76K shortly after. Ether, on the other hand, has traded below $1,500 at one point, marking its lowest price since early 2023.

“For a moment, it seemed as though crypto might hold steady, but with the 24/7 nature of crypto markets, investors woke up on Sunday in full ‘sell mode,’” Charlie Sherry, head of finance and crypto analyst at BTC Markets, wrote in a research note.

The post Crypto Rally Loses Steam, Bitcoin Dips Below $75K appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

Coinbase made the announcement in a release posted on their website, saying that the “SEC staff has agreed in principle to dismiss its unlawful enforcement case against Coinbase, subject to Commissioner approval.”

“We’ve always maintained that we were right on the facts and the law, and today’s announcement confirms that this case should never have been filed in the first place. This is a victory not just for Coinbase, but for our customers, the United States, and individual freedom,” the release stated.

Back in 2023, the SEC filed a lawsuit against Coinbase, arguing that the digital assets traded on the platform constituted “unregistered securities” and could result in financial harm for the users. It was one of several cases that saw the SEC take on major crypto companies.

However, the SEC is now changing course under new crypto-friendly leadership. The agency is in the process of amending its regulations and reviewing past lawsuits with the intention to seek settlements.

Coinbase stock traded higher early on Friday before dropping by 8.27% by the end of the day to close at $235.38 per share. The company’s shares have been down since the start of the year after improving by as much as 70% at the beginning of December.

The post Coinbase Expects SEC to Drop Its Lawsuit Against the Crypto Exchange appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

In a recent report, Steno Research’s analysts predicted that Bitcoin, the world’s most valuable cryptocurrency, will reach a price of $150,000 per coin at some point this year. Currently, Bitcoin is trading at around $98K, roughly 8% down from its record price of $108,135.

According to Steno Research, the world’s second most valuable cryptocurrency, Ethereum, will perform even better. They have Ethereum exceeding $8,000 per coin in 2025. It is currently trading at around 3.6K after it previously reached $4,721.07 in December.

Steno Research attributes the expected rise of the crypto market to multiple factors coming together, including “an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-bitcoin-halving performance.”

The company also believes that altcoins, a term used to describe cryptocurrencies other than Bitcoin and Ethereum, will also enjoy a favorable climate.

“This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for bitcoin,” Steno Research’s Mads Eberhardt shared in the report.

The post Steno Research Predicts Bitcoin Reaching $150K and Ethereum Exceeding $8K in 2025 appeared first on theprimarymarket.com.

In a recent note, Bitfinex’s analysts made a case for Bitcoin reaching a price of $200,000 “around mid-2025” based on previous trends in the cryptocurrency market. Their minimum target price for that period is $140,000.

“The current bull market reflects strong institutional demand, led by ETFs and spot accumulation,” the note said. “Historical data suggests we are mid-cycle, following the April 2024 halving, with the market likely to peak around [the third and fourth quarter of] 2025, approximately 450 days post-halving. Historically, post-halving years have seen the strongest rallies.”

Bitfinex analysts added that the price of Bitcoin might see some oscillations in early 2025. However, they don’t see a significant drop due to a variety of factors, including the broader adoption of Bitcoin as an asset and friendlier approach by governments and financial institutions.

Bitcoin embarked on a massive rally in early November and broke the $100,000 mark for the first time on December 5. The coin is currently 139.62% up year-to-date.

The post Bitcoin Reaches New All-Time High, Could Hit $200K “Around Mid-2025” According to Bitfinex appeared first on theprimarymarket.com.

Bitcoin soared following the U.S. presidential elections on expectations of a crypto-friendly government. However, the rally never went as far as crypto investors expected, and they are now taking profit instead of waiting for the $100K barrier to be broken. One estimate is that $60 billion worth of Bitcoins have been moved in the past month.

According to experts, the current slide might not last long. Their view is that the profit-taking is an expected move after record highs and that Bitcoin will move up sooner rather than later.

“While breaking through now would be a major bullish signal, a brief pullback may be needed to gather momentum before the next attempt,” Mati Greenspan, CEO of Quantum Economics, told CNBC.

“Historically, when new all-time highs are reached, there is typically a period of consolidation before further moves up,” Brett Reeves of crypto-focused company BitGo added.

The next major movement of Bitcoin’s price is expected to take place around December 27th. This is when $11.8 billion in Bitcoin options are set to expire, and it is believed that the market could end up going either way.

The post Bitcoin Dips After it Fails to Reach $100K Mark appeared first on theprimarymarket.com.

In a recent appearance on Yahoo Finance’s Opening Bid podcast, Vince recognized the increasing popularity of digital importance but said that crypto won’t dethrone the U.S. dollar anytime soon.

“I don’t think the dollar is going to go anywhere,” Vince said.

According to Vince, there is a potential to put blockchain technology, the basis of the majority of digital assets, to use in the financial sector, but crypto overall has its limitations. This mainly concerns the lack of regulations as well as the volatility that is often associated with these assets.

“Whether or not an individual wants to put all their money in a particular coin is a slightly different thing,” he explained.

Vince also added that the emergence of cryptocurrency and other digital assets is an opportunity for his bank and the entire financial sector to evolve and be more innovative.

“The way we treat and make the dollar work efficiently and effectively in the world’s financial system is going to evolve,” he shared.

The post CEO of America’s Oldest Bank Says Crypto Won’t Replace Dollar appeared first on theprimarymarket.com.

FTX, which was once one of the largest crypto exchanges in the world, filed for bankruptcy in November 2022 after it was discovered that its founder and CEO, Sam Bankman-Fried, used customers’ funds for risky bets and personal expenses.  As part of the bankruptcy process, FTX said it will repay around $16.3 billion to its users while floating the idea of issuing refunds in cash and stablecoins.

Stablecoins are crypto assets that have their value tied to an outside commodity. In most cases, it is a currency like the US dollar or an asset like gold.

After learning about FTX’s plans, the SEC expressed its doubts by saying that it “is not opining as to the legality, under the federal securities law, of the transactions outlined in the Plan and reserves its rights to challenge transactions involving crypto assets.”

Additionally, the SEC asked for FTX’s bankruptcy plan to be amended and have its discharge provision removed. Discharge provision protects debtors from being sued again for the same cause.

“Unless the Plan provides that the Debtors shall not receive a discharge and removes any discharge injunction, the Court should deny confirmation,” the filing adds.

The post SEC Could “Challenge” Refunds to FTX Users in Crypto appeared first on theprimarymarket.com.

Head of OTC Trading at BlockFills John Divine and roundtable anchor Rob Nelson discussed the rise of the cryptocurrency, noting that the recent Bitcoin event in Nashville, Tennessee, which drew attention to the high-profile figures who have taken an interest in the currency, including presidential candidate Robert F. Kennedy Jr. and former President Donald Trump.

Divine did note, however, that following the event, the U.S. government took the decision to move some of its Bitcoin holdings, thereby slowing down the crypto’s recent growth surge. The BlockFills executive added that the outlook of political figures on Bitcoin could significantly affect its growth trajectory going forward, with prominent leaders expressing both bullish and bearing outlooks on Bitcoin depending on their political affiliations.

The post Bitcoin Races to $60,000 as Investor Confidence Grows appeared first on theprimarymarket.com.