• Richard Teng confirmed that the crypto market tends to bounce again after main geopolitical occasions
• Ten’s remarks come early this week when Bitcoin fell under $90,000, following information of President Donald Trump’s commerce tariffs in Canada and Mexico

In accordance with Binance’s CEO, what we see at Crypto market costs is “a tactical setback, not a reversal.”

In a sequence of posts about X, Richard Teng mentioned the crypto market normally bounces after main occasions.

“Historical past exhibits that the crypto market responds to macroeconomic modifications similar to conventional belongings, however additionally they bounce again with unimaginable resilience,” he mentioned. ”

Historical past exhibits that the crypto market responds to macroeconomic modifications like conventional belongings, however additionally they bounce again with unimaginable resilience.

Keep in mind 2022? #bitcoin I briefly dropped under $20,000 throughout a Fed fee hike, however solely recovered when situations have been steady. 📈

– Richard Teng (@_richardteng) February 25, 2025

Bitcoin will drop to $87,000 for the primary time since November

Teng’s publish comes as Bitcoin fell under $90,000 earlier this week, following information that US President Donald Trump confirmed commerce tariffs in Canada and Mexico.

Chatting with Coinjournal, Unity Pockets COO James Toledano added that many consider Bitcoin costs will proceed to rise as soon as Trump enters the White Home.

“However in actuality, costs are fearing maybe fearing the tariff commerce struggle, fragile peace negotiations in Jap Europe, and the impression on the US expertise sector. Nevertheless, this additionally makes it attainable to pricing. It may very well be an instantaneous expiration of the explanation.”

Persevering with with X, Teng states: “Value actions usually veil what’s occurring beneath the floor, however Crypto’s core drivers of development stay firmly intact.”

Crypto ETF submission time

In accordance with Teng, a rise within the variety of Crypto Trade-Traded Funds (ETFS) is an effective signal for the market.

He added that market cycles are coming and going, however the primary indicators of crypto power are getting stronger.

Earlier this month, the Chicago Board of Fee’s Choices Trade (CBOE) launched the SPOT XRP ETFS, submitting 4 separate filings on behalf of the writer.

Final week, the US Securities and Trade Fee (SEC) authorised the submitting of the 19B-4 from Grayscale, itemizing Spot Dogecoin and XRP ETFs. Lately, Grayscale has utilized for a Polkadot ETF, making it the newest Crypto ETF software submitted previously few months.

In October, Bitwise submitted an S-1 kind to the XRP ETF’s SEC. Equally, Canary Capital utilized for an XRP ETF final yr, reflecting its broader technique of bringing a number of crypto ETFs into the market.