Tesla’s stock continues to pullback, as the souring of public opinion toward CEO Elon Musk fuels worries of lower sales.
BUSINESS
‘It is hard to watch them buy a Mercedes’: My father left $600K to my stepmother. Her family put the money in a trust. Is my inheritance lost?
“My stepmother’s family refused to follow the terms of the will, which left their joint estate to my sister and me.”
CoinDesk 20 Performance Update: LTC Surges 15.5% as Index Trades Higher From Friday
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3223.5, up 2.8% (+89.04) since 4 p.m ET on Friday.
Nineteen of 20 assets are trading higher.
Leaders: LTC (+15.5%) and APT (+9.0%).
Laggards: XLM (-3.0%) and ADA (+0.5%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
He Went From Corporate America to Owning a $2.5 Million Franchise Recycling Cooking Oil: ‘I Decide How I Want to Achieve Success’
Trent Carlos had no experience in the industry when he started his Filta Environmental Kitchen Solutions franchise. Now he’s living his wildest entrepreneurial dream.
Gamescom Latam nabs Steam platform speakers for 2025 event
Gamescom Latam 2025 announced today that the distribution platform, Steam, will be present at the business (B2B) area of the event.Read More
Sharge’s Loomos AI smart glasses hits $1.3M in 5 days on Kickstarter
Sharge, a wireless charging supplier, has raised $1.53 million for the Kickstarter launch of its Loomos AI Glasses in just a five days.Read More
New Trump Tariffs Spell Caution for Bitcoin, Ether, Dogecoin Bets
A fresh round of tariffs by U.S. president Donald Trump and lack of short term catalysts is inciting caution from market watchers, who believe Ethereum’s ether (ETH) may be particularly affected.
Trump on Sunday said he will introduce 25% tariffs on all steel and aluminium imports into the US, on top of existing duties, with reciprocal tariffs later in the week applicable to all countries.
The rhetoric and spike in inflation expectations could breed downside volatility with a key indicator that foresaged a move above $100,000 for bitcoin, when it traded under $70,000, turning bearish on Sunday.
Crypto majors remained little-changed in European afternoon hours Monday, with U.S. futures Dow and S&P 500 up 0.46% ahead of the New York open. Bitcoin, ether, XRP, Solana’s SOL and dogecoin (DOGE) were up under 1% in the past 24 hours, while BNB Chain’s BNB lost 4.5% after a Sunday rally.
Tariffs introduce economic uncertainty by potentially escalating trade wars, which can lead to market volatility — such events tend to impact bitcoin and the broader crypto market as investors tend to move away from risk assets to safer investments.
Some traders say ether could be further impacted as sentiment for crypto fades down, adding to an already tumultuous year for the asset which saw a widely-watched bitcoin-ether ratio drop to 2021, indicative of a fallout for ETH and preference for BTC.
A drop in ETH may further spell bad news for related beta bets such as memecoin dogecoin (DOGE) and Ethereum-based DeFi tokens, which tend to mirror the movements of the parent asset.
“The rise of BTC vs everything else is the most evident in comparison with ETH, which is seeing record short-interest and FUD with the 2nd largest token being down -23% YTD vs a +2.5% gain in BTC,” Augustine Fan, head of insights at SignalPlus, told CoinDesk in a Telegram message.
“At the risk of sounding like a broken record, but a lack of L1 catalysts and narrative leadership will likely continue to weigh on Ethereum in the foreseeable future,” Fan added.
“Ethereum has been hit particularly hard as ETH reversed its entire pump from late November last year, unwinding any gains to holders,” shared Nick Ruck, director at LVRG Research, in a Telegram message. Due to expectations of increased inflation, investors are betting on only one interest rate cut by the Federal Reserve this year, casting a grim outlook for risk assets including crypto.”
Meanwhile, traders at Singapore-based QCP Capital expect crypto markets to flip-flop in the coming weeks as Trump’s words continue to impact markets.
“A feedback loop is emerging—President Trump, highly sensitive to market reactions, is facing a market increasingly calling his bluff. This could embolden him further, adding another layer of volatility,” the firm said in a Monday broadcast message.
“BTC volatility now skews in favor of puts until April, reflecting a lack of upside catalysts,” it ended.
The bond market just sent a message about Trump’s second term. Stock investors should listen.
Calm in bonds suggests it’s time to pencil in stocks you like — but wait for market-moving headlines from Washington.
Rockwell Automation crushes profit estimates but says customers are still cautious
Rockwell’s numbers eased investor concerns after the company missed sales estimates in three of the last six quarters.
Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency
The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033
The company didn’t buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.
Saylor teased the purchase announcement once again on Sunday, as he has for the past few months: “Death to the blue lines. Long live the green dots.”