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Crypto Prices Slide as Trump Announces New 25% Tariffs on Steel, Aluminum

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.

Following the tariff announcement, crypto markets dipped temporarily, with bleeding across the board. However, there has since been a steady recovery.

Bitcoin crossed back over $97,000 after dropping to $94,000 briefly.

Hong Kong Recognizes Bitcoin and Ethereum for Investment Immigration Applications

Hong Kong has reportedly approved Bitcoin and Ethereum as valid proof of assets for investment immigration applications.

Reports indicate that two applicants have successfully used cryptocurrency holdings to meet the HK$30 million requirement.

This decision reinforces Hong Kong’s ambition to become a global digital finance hub while ensuring regulatory oversight on crypto.

Michael Saylor Hints at Strategy's Upcoming Bitcoin Purchase Amid Price Fluctuations

Strategy co-founder Michael Saylor on Sunday posted the Bitcoin tracker on X, signaling a possible resumption of Bitcoin acquisitions after a week’s break.

Strategy, formerly known as MicroStrategy, currently holds 471,107 Bitcoin valued at over $45 billion at current market prices. The company’s most recent acquisition of 10,107 BTC was made in the week ending Jan. 26, at an average price of $105,596 per coin.

The Tysons, Virginia-based firm has invested approximately $30 billion in Bitcoin at an average price of $64,500 per coin, resulting in $15 billion in unrealized gains.

Bitcoin Hoarder’s Stock Soars 4,000% in Japan on Crypto Rally

The ripple effects of US President Donald Trump’s pro-crypto agenda are fueling a surge in Bitcoin demand in Japan, where one hotelier’s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders.

Shares of Metaplanet Inc. are up more than 4,000% over the past 12 months, the largest gain among all Japanese equities in that period and one of the highest globally, according to data compiled by Bloomberg. Bitcoin itself hit a record high of $109,241 on Jan. 20 as Trump was sworn in for his second term, although it’s since erased some of those gains as his trade policies fanned global instability.

Metaplanet is one of a number of outfits around the world that aim to emulate the success of Michael Saylor’s Strategy, formerly known as MicroStrategy Inc. The Tysons Corner, Virginia-based company has morphed into a leveraged Bitcoin proxy and behemoth after accumulating more than $45 billion of the token.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $171.19 million. The total net asset value of Bitcoin spot ETFs is $113.09 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.96%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on February 7 was ARK 21Shares Bitcoin ETF (ARKB), with a net inflow of $59.04 million. Following that was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net inflow of 52.47 million, according to SoSoValue.

Source: SoSoValue