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CoinDesk - by layer3.news
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2025-02-05 12:02:01
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Crypto Daybook Americas: Somber Crypto Market Eyes Slow Progress on U.S. Bitcoin Reserve


CoinDesk (nprofile…nhef)
✍️ The crypto market has turned somber, with major cryptocurrencies trading lower amid frustration over the slow progress on the creation of a U.S. strategic BTC reserve and signs of dollar liquidity tightening.
👉 Major cryptocurrencies such as bitcoin, ether, and solana are trading lower
👉 Frustration over the slow progress on the creation of a U.S. strategic BTC reserve
👉 Signs of dollar liquidity tightening
👉 Ongoing tariff discussions and the threat of a potential trade war
👉 Increasing pessimism in the market
👉 Analysts predicting a 50% drawdown in some coins from their January highs

#OmkarGodbole #GeoChen #JoeMcCann #NathanMcCauley #FredThiel #PaulGrewal #ChristopherJ.Waller #MilesDeutscher #UnitedStates #Bahamas #Dubai #NewYork #MexicoCity #HongKong #Denver #Colorado #technology
CoinDesk (nprofile…nhef)

Your day-ahead look for Feb. 5, 2025
https://www.coindesk.com/daybook-us/2025/02/05/crypto-daybook-americas-somber-crypto-market-eyes-slow-progress-on-u-s-bitcoin-reserve

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