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Bill Barhydt, CEO of Abra, has made bold predictions about Bitcoin and Ethereum, suggesting that Bitcoin could reach as high as $700,000 in the current cycle.

Bitcoin's price dropped below $100,000 on Feb. 4, as concerns over the global trade war between the United States and China affected market sentiment.

Felix Hartmann, founder of Hartmann Capital, believes the crypto market may be near a bottom, pointing to extended negative funding rates and bearish sentiment as indicators.

Elon Musk’s Department of Government Efficiency (DOGE) has saved U.S. taxpayers $36.7 billion, though this is just 1.8% of his $2 trillion spending cut target.

(Reuters) -Donald Trump's plan to impose new 25% tariffs on steel and aluminium boosted share prices of U.S. producers in pre-market trading, while shares of producers abroad fell, with traders citing worries of disrupted flows and a reduction in demand. The tariffs, which Trump said would be announced on Monday and be in addition to existing duties, sparked warnings from Asia and Europe about the impact on prices, profitability and volumes and broader worries that they could push up inflation and drag on economic activity. Canada, Brazil, Mexico, South Korea and Vietnam are the biggest sellers of steel into the U.S., according to American Iron and Steel Institute data, while Canada is the dominant supplier of imported aluminium.

The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump's tariff rhetoric could shake up the market.

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