Real Vision: Finance & Investing Crypto Crash, Trade War Fears & Germany’s Economic Struggles: PALvatar Market Recap - February 25, 2025
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Feb 25, 2025 The podcast dives into the recent plunge of Bitcoin, dropping below $90K, amid a broader crypto selloff impacting ETH, SOL, and XRP. It discusses Jim Trump's tariff announcements stirring trade war fears with Canada and Mexico, alongside tightening semiconductor restrictions on China. Attention also shifts to Germany's economic woes, with a contraction in GDP for six consecutive quarters, highlighting weak exports and household spending. Upcoming U.S. data on consumer confidence and inflation are framed as pivotal for shaping Federal Reserve policy.
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Cryptocurrency Market Downturn
- Bitcoin dropped below $90,000 for the first time since November, marking an 8% decrease.
- Other cryptocurrencies like ETH, SOL, and Ripple experienced even larger double-digit losses.
Trade War Concerns
- US President Donald Trump confirmed tariffs on Canadian and Mexican imports.
- The Trump administration plans to tighten semiconductor restrictions on China.
Germany's Economic Struggles
- Germany's GDP contracted by 0.2% in the last quarter of 2024, marking the sixth consecutive quarter of decline.
- Decreased exports, weak household spending, and modest government spending contributed to this downturn.