28/02/2025 Daily Reports
Bitcoin’s 25% Drop: Market Panic or Opportunity?
Share Decline: Bitcoin has fallen 25% from its all-time high, deepening February’s losses as market uncertainty grows.
- Tariff Impact: Trump’s latest tariff threats have fueled a risk-off sentiment, leading to a broad selloff in cryptocurrencies.
- Market-Wide Drop: Bitcoin fell over 7% on Friday, with Ether, Polkadot, and XRP also experiencing significant declines.
- Previous Rally: The cryptocurrency had reached a record $109,241 on Trump’s inauguration day, driven by optimism about a crypto-friendly administration.
- Technical Support: Traders are watching key support around $70,000, with analysts warning of further downside if bearish sentiment persists.
- Historical Trends: Bitcoin’s volatility has historically presented buying opportunities, but timing the bottom remains a challenge.
- What’s Next?: Traders are reassessing the market’s direction as Bitcoin approaches key technical support around $70,000. Proper risk management remains crucial, as Bitcoin’s next move could either reaffirm its resilience or signal further downside.
Account Opening
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Trump’s Tariff Blitz Triggers Global Selloff, Asian Equities Plunge as Dollar Rises
- Global markets faltered amid heightened trade war fears after President Donald Trump announced new tariffs on Canada, Mexico, and an additional 10% levy on Chinese imports.
- Asian stocks took the hardest hit, with a key regional index dropping the most in nearly a month after US benchmarks fell sharply— the S&P 500 slid 1.6% and the Nasdaq 100 declined 2.8%, while Nvidia shares plunged 8.5% on disappointing earnings.
- The tariff threats spurred a stronger dollar and prompted investors to reassess risk, even as Treasury yields retreated to around 4.23% in Asian trading.
- Although some analysts view these measures as potential negotiation tools, concerns remain that escalating protectionism could dampen economic growth and trigger retaliatory actions from China.
Forex Mobile & Desktop App
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
