Bitcoin turns Crypto market pink, Investors flee to U.S. Dollar – Newstrends
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Bitcoin turns Crypto market pink, Investors flee to U.S. Dollar

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Bitcoin turns Crypto market pink, Investors flee to U.S. Dollar

Bitcoin’s correction below $96,000 has caused the cryptocurrency market to turn “pink.”

This most recent rally is by no means inconsequential, as retail and institutional data indicate waning demand.

Although the asset seems to be moving independently of the fundamentals of cryptocurrency, it is being influenced by an unpredictable macroeconomic environment.

Bitcoin is still gaining attention, even though trade tensions between the U.S. and China are causing market jitters. Derivative structures, sentiment indicators, and investment flows all suggest a rise in caution.

The announcement of new Chinese tariffs on the world’s largest economy weakened risk appetite. Bitcoin immediately lost the bullish momentum that was part of a larger trend of people fleeing to safer assets in the face of trade tensions.

Although Donald Trump’s response, which imposed a 25 percent tariff on steel and aluminum, caused traditional markets to stabilize, the market swiftly recovered and regained confidence.

This political response also allowed Bitcoin to find some air. However, market fundamentals show that retail and institutional weakness indicators are present.

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According to the data, institutional purchasing volumes are not impressive. $204 million was invested in Bitcoin ETFs in the U.S. between February 3 and February 7, compared to $742.3 million worth of Bitcoin purchased by Strategy during that time. A definite sign that leveraged traders are lowering their exposure is the sharp decline in futures premiums, which went from 11% in early February to 8%.

Investors are choosing safe-havens, as evidenced by yield declines in U.S. Treasury notes. This momentum has made the U.S. dollar index show strength, reflecting an increase in risk aversion in international markets.

The U.S. Fed’s latest signals also show less incentive to cut rates quickly, further putting Bitcoin bulls in jeopardy.

U.S. Economy Supports Fed’s Caution

Overall, the economy is doing well,” Jerome Powell stated at his Senate hearing on Tuesday, February 11, 2025. As a result, he defended the Fed’s monetary policy wait-and-see approach. Even though inflation is higher than the 2 percent target, the Fed does not anticipate any more rate cuts in the near future.

Monetary easing is anticipated to be restricted to 35 basis points by the end of the year.

The dollar fell 0.17%, or 17 points, and is currently trading at 108 index points on the greenback index in response to this cautious approach.

The spotlight now shifts to the inflation figures for January, scheduled to be unveiled on Wednesday.

If these figures indicate persistently elevated inflation, they might prompt the Fed to prolong its stringent policy, curtailing any optimism surrounding a vigorous reduction in interest rates.

Powell will continue his hearing before the House of Representatives, posing a fresh challenge for the market, which will strive to adjust its forecasts concerning the U.S. monetary policy’s trajectory.

The market is also dealing with a fresh rise in protectionism. The threat of a trade war with the European Union has been reignited by Donald Trump’s announcement of a 25% increase in customs duties on steel and aluminum imports.

The foreign exchange market reacted to these announcements immediately. The Japanese yen lost ground against the dollar, dropping 0.3 percent to 152.0, while the euro increased 0.22% to $1.03. Investors are looking to safe-haven assets in this uncertain climate, especially gold, which is seeing a resurgence in interest.

Global markets are becoming more tense as the Fed maintains its position and the White House toughens its trade stance.

Bitcoin turns Crypto market pink, Investors flee to U.S. Dollar

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Jetour to showcase full SUV line-up, hybrid vehicles at 2025 Abuja motor fair

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Jetour to showcase full SUV line-up, hybrid vehicles at 2025 Abuja motor fair

 

Jetour Mobility Services is set to make a strong presence at the 2025 Abuja International Motor Fair, showcasing its full range of Sports Utility Vehicles (SUVs), cutting-edge hybrid models, and customer-focused services.

The brand will display its impressive line-up, such as the Jetour T2, Jetour X70 Plus, Jetour X90 Plus, Jetour X70 Dashing, and Jetour X50, as well as its newly introduced hybrid variants, the X70 Hybrid and T2 Hybrid.

These models combine performance with improved fuel efficiency and reduced emissions, designed with today’s families and adventure-minded drivers in mind, blending advanced technology, comfort, and affordability.

Jetour’s participation underscores its commitment to innovation and customer satisfaction, strengthening its footprint in the SUV and crossover segments.

The company’s steady rise in the Nigerian market has been remarkable, validated by its “Fastest Growing Auto Brand of the Year” award at the 2024 Nigeria Auto Journalists Association (NAJA) Awards.

Jetour Nigeria is also highlighting its robust after-sales service, including genuine spare parts, technical support, and a comprehensive five-year or 150,000-kilometre warranty.

The firm says it looks forward to engaging with customers, showcasing its latest innovations, and reinforcing its position as one of Nigeria’s fastest-rising automotive brands at the fair, scheduled for November 18-21 at the Eagle Square, Abuja.

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Tinubu bows to pressure, stops 15% fuel import duty plan

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Tinubu bows to pressure, stops 15% fuel import duty plan

 

The Federal Government has shelved its plan to introduce a 15 per cent import duty on petrol and diesel, barely three weeks after President Bola Tinubu approved the tariff proposal.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the suspension on Thursday in a statement by its Director of Public Affairs, George Ene-Ita, urging Nigerians to avoid panic buying or hoarding of petroleum products.

“It should be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) is no longer in view,” the statement said.

President Tinubu had on October 29 approved the tariff to raise the landing cost of imported fuel, following a proposal by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji.

The duty — calculated on the cost, insurance, and freight (CIF) value of imports — was expected to take effect from November 21, 2025, and was aimed at protecting local refineries such as the Dangote Refinery and modular plants by making imported fuel less competitive.

However, the policy quickly drew public criticism, with energy analysts warning that it could push petrol pump prices up by as much as ₦150 per litre and worsen inflation and transport costs.

NMDPRA said the government decided to suspend implementation after reviewing market realities and the need to stabilise domestic supply and prices.

The Authority also assured that there is no cause for concern over fuel availability, noting that product supply remains “robust and within the acceptable national sufficiency threshold.”

“There is a steady inflow of petroleum products — including PMS, AGO, and LPG — from both local refineries and imports to guarantee adequate stock at depots and retail stations nationwide,” Ene-Ita stated.

He cautioned marketers against hoarding or arbitrary price increases, warning that the regulator would not hesitate to take firm action against any operator involved in anti-market practices.

“The Authority will continue to monitor supply and distribution to prevent disruptions, especially during this peak demand period,” the statement added.

The NMDPRA commended stakeholders in the downstream sector for their cooperation and reaffirmed its commitment to ensuring energy security and stable product supply across the country.

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BYD unveils ‘Atelier BYD’, creative hub blending innovation, sustainability, lifestyle in Lagos

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Photo Caption From L-R: HR Business Partner, CFAO Mobility, Mariam Alausa; Sales Associate, Mint Organic Care, Favour Kalu; Sales Manager, BYD Nigeria, Damilola Balogun; Founder/CEO Mint Organic Care, Janada Ajeroh; Marketing Officer, BYD Nigeria, Oluwanisola Akinsanya; and Sales Associate, Mint Organic Care, Destiny Eghoneghon during one of the events inside the BYD showroom, recently

BYD unveils ‘Atelier BYD’, creative hub blending innovation, sustainability, lifestyle in Lagos

 

BYD has introduced an exciting initiative at its brand-new showroom in the heart of Victoria Island, a monthly showcase dedicated to projects that reflect its core values of innovation, sustainability, and lifestyle.

The first edition in October featured PITH Africa, an Afrocentric streetwear brand redefining creative expression for a new generation.
Currently on display until the end of November is Mint Organic Care, a brand that champions eco-conscious living and personal well-being.

For December, a Christmas Pop-Up will spotlight projects such as Clay of Lagos, Kelly Praise, Stitches by Lope, Mostudeo, PITH Africa, and Mint Organic Care.

Upcoming editions will continue to feature innovative projects, each bringing fresh ideas and unique perspectives to enrich this collaborative platform.

BYD Nigeria is the sole and official distributor of BYD electric and hybrid vehicles in Nigeria. The brand is distributed by CFAO Mobility, a leading automotive distributor and subsidiary of the CFAO Group, which has been present in Nigeria for over 120 years.

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