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#PEPE# Guess what you want to ask is Virtual Money. According to the news on February 2, the recent big dump of Virtual Money is mainly due to the following reasons:
- Policy Discrepancy: The executive order signed by U.S. President Trump created a presidential working group to coordinate regulation of the digital asset industry, but did not immediately authorize the establishment of a "National Strategic Bitcoin Reserve," which contradicted previous promises and dampened short-term bullish expectations for Bitcoin.
- Bill Reform: El Salvador quietly passed reforms to the "Bitcoin Law", no longer treating Bitcoin as official currency. Acceptance of Bitcoin has changed from mandatory to voluntary, and it can no longer be used for taxation, which has undermined market confidence.
- Tariff policy: On February 1st local time, the US government announced a 25% tariff on imported goods from Canada and Mexico. On the same day, Trump signed an executive order to impose a 10% tariff on imported goods from China. Driven by safe-haven sentiment, investors will sell their cryptocurrencies.
- AI Impact: DeepSeek, an open-source model released by the Chinese artificial intelligence company DeepSeek - R1, performs exceptionally well, with an API price only 1% of OpenAI's, breaking the path dependence of the global artificial intelligence industry on 'stacking computing power,' prompting investors to sell stocks of American AI giants and cryptocurrency positions.