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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Quick takeaways

The impending 25% tariffs on steel and aluminum imports reflect a volatile market climate influenced by political decisions, necessitating careful investor monitoring.

The Central African Republic's launch of the CAR token signifies a notable event in meme tokens, blending innovation with controversy amidst questions of legitimacy.

Deep dives

Market Reactions to Tariffs

The potential imposition of 25% tariffs on steel and aluminum imports by the U.S. President has created a climate of uncertainty in the market. Investors are closely watching for signs of whether these tariffs will be enacted or if they are simply a negotiation tactic, contributing to a sense of volatility. Analysts at QCP Capital suggest that the current market stability might encourage the President to push forward with these tariffs, which could further complicate market dynamics. This situation reflects the intricate relationship between financial decisions and political actions, highlighting the need for investors to remain vigilant amid shifting market conditions.

Market Reactions and Meme Token Launches

3min

Host Christine Lee breaks down the latest news in the crypto industry as U.S. President Donald Trump is due to impose 25% tariffs on all steel and aluminum imports.

Bitcoin is holding steady Monday as U.S. President Donald Trump is due to impose 25% tariffs on all steel and aluminum imports. Plus, crypto was absent from the Super Bowl and did the Central African Republic launch a memecoin? CoinDesk's Christine Lee presents "CoinDesk Daily."

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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.

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