Dear PointPay Family,
We have a busy week behind us, full of ups and downs. In order not to get confused in the flow of news and not to miss the main events, we have collected for you the Top 5 key topics that are worth paying attention to. Read our article to easily stay up to date with all the changes of the last few days.
Bitcoin Slides as US-China Trade War Escalates
Financial markets took another hit as the US announced a steep hike in tariffs on Chinese imports, sending Bitcoin back below $77,000. The decision to raise total duties to 104% follows Beijing’s retaliatory measures, intensifying the already tense trade standoff. While global stocks briefly stabilized, the crypto market faced renewed pressure - with over $287 million in liquidations across nearly 100,000 traders. Despite signaling potential talks, the US is reportedly shifting its diplomatic focus to partners in Asia, leaving markets on edge.
Ethereum Drops Below 2018 Peak, Erasing Seven Years of Gains
Ethereum plunged to $1,400 in early Wednesday trading, marking its lowest point since 2018 and wiping out nearly seven years of market growth. The decline follows wider crypto market losses triggered by the implementation of US trade tariffs. With ETH now down over 70% from its 2021 high, analysts note that both long- and short-term holders are underwater. Despite the drop, institutional investors appear to be holding their positions, suggesting that current sell-offs may be driven by retail panic rather than broader sentiment shifts.
Weekend Crypto Trading Proves Risky During Market Turmoil
Bitcoin’s 24/7 trading advantage turned into a vulnerability last weekend as global trade tensions sparked a sharp sell-off. With traditional markets closed, investors rushed to offload BTC - one of the few assets available for weekend trading - driving its price below $75,000. Analysts suggest the asset’s constant liquidity can amplify both gains and losses, especially during uncertain periods. The volatility followed steep losses in equities after concerns over inflation and economic strain tied to US trade policy resurfaced.
Pakistan Eyes Bitcoin and AI to Tackle Power Surplus
Pakistan is exploring the use of excess electricity to power Bitcoin mining and AI data centers as part of a broader push into digital innovation. The initiative, led by the Pakistan Crypto Council, aims to turn surplus energy into economic growth by attracting tech-focused investment and creating jobs. Former Binance CEO Changpeng Zhao will advise the council, supporting blockchain infrastructure and regulation. Officials see the move as an opportunity to strengthen Pakistan’s fintech ecosystem and position the country as a global hub for digital talent.
China and Russia Begin Using Bitcoin in Energy Trade
China and Russia have reportedly started settling some energy deals using Bitcoin, signaling a shift away from traditional financial channels. According to VanEck, the move reflects growing global interest in decentralized assets as tools for cross-border trade, particularly in regions facing financial restrictions. Other countries are also exploring crypto-powered solutions - Bolivia plans to import electricity using digital assets, while France’s EDF is studying Bitcoin mining to monetize surplus power. Analysts suggest these trends may support Bitcoin’s long-term role in international commerce.
🔥 Buy PXP tokens on MEXC: http://bit.ly/3UhCgZn
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking
📲 Trade at PointPay with Telegram app (@PointPayTMA_bot)!
🏦 PointPay - all crypto services in one place!