You are about to leave the website of SDM Inc. ("SDM") and will be redirected to the website of SDM Financial Inc. ("SDM Financial"), a US affiliate of SDM providing crypto derivatives trading services.
Please be aware that SDM Financial's services are not intended for, and should not be used by, residents of Canada.
By clicking on the link to SDM Financial's website, you acknowledge and agree that: You are not a Canadian resident.
SDM Financial is not registered with any regulatory authority in Canada and is strictly prohibited from entering, or otherwise engaging in, any transactions with Canadian residents.
Non-Canadian residents who deal with SDM Financial do so at their own risk, and SDM will not be held liable for any losses or damages incurred as a result.
By clicking 'I Accept' below, you confirm that you have read, understand, and agree to the above . If you do not agree, please select 'I Decline' and you will be redirected back to SDM's website.
The crypto market experienced heightened volatility this weekend, entering a risk-off phase as February began. A sharp drop followed President Trump's announcement of tariffs targeting key U.S. trading partners, reigniting concerns over a potential full-scale trade war. This has raised fears about disruptions to global supply chains, the resurgence of inflation, and a deceleration of economic growth. Investors are closely monitoring Bitcoin's key support at $90,000, with some predicting a deeper pullback toward $80,000 if BTC falls significantly below this level. However, we view these movements as short-term fluctuations and expect the market to recover swiftly. In the last 24 hours, over $2.3 billion was liquidated across the cryptocurrency market. The BTC/ETH spread has narrowed to its lowest level in almost five years, contributing to a significant spike in DVOL, surpassing 100% as traders reacted to the sharp price drop by chasing put options.
On the geopolitical front, President Trump followed through on his long-standing threats, imposing tariffs on imports from Canada, Mexico, and China. The tariffs—25% on goods from Canada and Mexico, and 10% on Chinese imports—are set to take effect on Tuesday, impacting the $1.6 trillion trade the U.S. conducts with these countries. Canada swiftly retaliated with its own tariffs, sending its currency to its weakest point since 2003. In response, China is reportedly pursuing legal action through the World Trade Organization and has vowed to implement necessary countermeasures. Mexican President confirmed this morning that the U.S. tariffs will be delayed by a month following a discussion with President Trump.
On a positive note, President Trump's appointed Crypto Czar, David Sacks, is scheduled to hold a press conference tomorrow, where he will outline efforts to solidify the U.S. as a leader in the global digital asset space.
MicroStrategy has ended its 12-week Bitcoin buying streak, keeping its total holdings at 471,107 BTC, valued at over $44 billion. The firm, which has spent approximately $30.4 billion on Bitcoin acquisitions, did not sell any shares or purchase Bitcoin between Jan. 27 and Feb. 2. Despite raising $563.4 million through its preferred stock plan, MicroStrategy paused new purchases, though its long-term “21/21 plan” aims to raise $42 billion for future acquisitions. Analysts at Mizuho remain bullish on Bitcoin and MicroStrategy, forecasting a potential 30% BTC price increase in the next three years.
Asian Crypto Stocks Drop Amid Market Fears Over Trump’s Tariff Policies
Shares of Japan’s Metaplanet fell 9.44% on Monday, while Hong Kong’s OKG Tech dropped 9.09%, as fears over potential new U.S. tariffs on imports from Canada, Mexico, and China triggered a sell-off in Asian crypto-related stocks. Boyaa Interactive, China’s largest public corporate Bitcoin holder, also declined 4.64%. The broader market saw Japan’s Nikkei 225 drop 2.66% and South Korea’s Kospi fall 2.52%. Analysts attribute the sell-off to delayed reactions from Asian investors following Trump’s tariff announcement, sparking concerns over increased market volatility and trade tensions.
Russia to Establish Mandatory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy has announced plans to establish a mandatory registry for crypto mining equipment, aiming to better track and regulate mining activities. Led by Deputy Minister Yevgeny Grabchak, the initiative is part of amendments to existing mining laws, with unregistered mining set to become “impossible.” This follows a November ban on crypto mining in six regions, including occupied Ukrainian territories, to address power shortages. Additionally, Russia’s Federal Tax Service has introduced an online function for miners to report digital currency earnings, aligning with a new tax framework that imposes levies of 13–15% on mining income.
Crypto Charts
ETF Flow
Disclaimer
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
Contact Us
Sign up to receive more exclusive market coverage:
.png)
.png)
