COINDESK DAILY: Bitcoin Crash to $75K Chance Doubles. Buy the Tariff Dip?

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CoinDesk

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4.7 • 698 Ratings

🗓️ 3 February 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as bitcoin crashes amid President Trump's global tariff war. U.S. President Donald Trump's global tariff war is tanking the crypto markets. The probability of bitcoin price falling to $75,000 has more than doubled to 22% by the end of March, according to Derive.xyz. Amid $2 billion in crypto liquidations and plunging crypto-focussed stocks, some traders believe it's a buy the dip opportunity. CoinDesk's Christine Lee reports on "CoinDesk Daily." - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.8	Trump's global tariff war unleashes a crypto bloodbath. It's Monday, February 3rd, 2025. I'm
0:56.9	Christine Lee. This is Coindus Daily.
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1:10.0	our systems and each other so we can build a future
1:13.0	beyond what we know. Join us at Consensus Hong Kong, where belief becomes real.
1:19.2	The probability of Bitcoin price falling to $75,000 has more than doubled to 22% by the end of
1:25.6	March, according to derived.xyZ's Bitcoin on-chain options market.
1:30.7	Coinglass data showing in the past 24 hours, over $2 billion were wiped from the crypto markets
1:35.6	and liquidations. The crypto markets are seeing red after U.S. President Della Trump signed
1:40.4	executive orders on Saturday, imposing sweeping tariffs against the country's three
1:45.5	largest trading partners, 25% tariffs on Canada and Mexico, and 10% tariffs on China, which will take
1:52.3	effect at 12.01 a.m. Eastern time on Tuesday. Canada and Mexico firing back with retaliatory tariffs
	...

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