Trump's global tariff war unleashes a crypto bloodbath.

It's Monday, February 3rd, 2025.

I'm Christine Lee.

This is Coiness Daily.

We all want to believe in something.

In Chinese, belief also means trust.

We want to trust our systems and each other, so we can build a future

beyond what we know. Join us at Consensus Hong Kong, where belief becomes real. The probability

of Bitcoin price falling to $75,000 has more than doubled to 22% by the end of March,

according to derived.xYZ's Bitcoin on-chain options market.

Coinglass data showing in the past 24 hours, over $2 billion were wiped from the crypto

markets in liquidations. The crypto markets are seeing red after U.S. President Della Trump

signed executive orders on Saturday, imposing sweeping tariffs against the country's three

largest trading partners, 25% tariffs on Canada and Mexico, and 10% tariffs on China, which will take

effect at 12.01 a.m. Eastern time on Tuesday. Canada and Mexico firing back with retaliatory tariffs

while China is filing a complaint with the

World Trade Organization. Traders believe Monday's bloodbath could turn out to be a buy-the-dip

opportunity. While global tariff war may introduce short-term volatility to the crypto markets,

the trend toward de-globalization and fragmentation of the global financial system may strengthen

demand for digital assets in the long term. Kronos research telling Coin-esque, with ongoing

concerns over tariff escalations and currency volatility, illustrated by the Canadian dollars

decline against the U.S. dollars since tariffs were introduced, stable coins pegged to major fiat could see accelerated

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