Bitcoin Sinks Below $90,000, US to Intensify Chip Controls Over China | The Opening Trade 02/25
February 25, 2025
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1:36:10Now PlayingBitcoin Sinks Below $90,000, US to Intensify Chip Controls Over China | The Opening Trade 02/25
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as posted by the channelBitcoin tumbled below $90,000 to hit the lowest since mid-November, as the rally that followed Donald Trump’s election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks. Trump's administration is planning to expand efforts to limit China from developing a domestic semiconductor industry that could boost its AI and military capabilities. ASML and STMicroelectronics shares fell as US President Donald Trump spelled out more measures to curb China’s semiconductor industry and urged allies to the same. Nvidia’s earnings report on Wednesday could be yet another catalyst to unleash volatility given its outsized impact on the broader market.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Kriti Gupta and Lizzy Burden.
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