CoinDesk Podcast Network COINDESK DAILY: Bitcoin Steady as Trump Set to Impose 25% Steel Tariffs
Feb 10, 2025
In this discussion, Bitcoin remains steady amidst looming steel and aluminum tariffs from President Trump. The crypto landscape sees a notable absence in Super Bowl advertising, raising questions about market visibility. Additionally, the launch of a meme token in the Central African Republic sparks curiosity about its implications for the industry. Join the hosts as they unpack these timely developments and their effects on the crypto market.
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Tariff Impact on Bitcoin
- Bitcoin's stability amidst impending U.S. steel and aluminum tariffs creates a feedback loop.
- This stability may embolden President Trump, increasing market volatility.
CAR Token Launch
- The Central African Republic launched the CAR token, claiming it would aid national development.
- Controversy arose with allegations of a deepfake presidential video and suspended social media accounts.
Crypto and the Super Bowl
- Crypto ads were absent from Super Bowl 2025, unlike the "Crypto Bowl" of 2022.
- Despite this, crypto traders generated significant volume on Super Bowl bets.