Strategy announced that it adopted ASU 2023-08, a new accounting standard for and disclosure of crypto assets, which resulted in an increase of $12.745 billion to its opening balance of retained earnings.
Trump Media said the launch of these investment vehicles is part of its financial services and FinTech strategy that includes investment up to $250 million.
The cryptocurrency market experienced a downturn on Thursday, with the global market capitalization falling 1.4% to $3.15 trillion, amid significant developments in institutional adoption and mixed traditional market performance.
Cryptocurrencies witnessed a sell-off as post-tariff pause gains faded, with Bitcoin and Ethereum sliding despite pro-crypto regulatory signals from the FDIC.
The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.35 set on Jan. 19.
Bitcoin slipped below the $100K mark despite a brief recovery, while XRP and Toshi remained among the most active cryptos amid fluctuating retail sentiment ahead of David Sacks, Trump’s AI and Crypto Czar, discussing U.S. digital asset policy.
Major cryptocurrencies declined sharply on Tuesday following the announcement of a new regulatory oversight committee, with total market liquidations reaching nearly $485 million in the past 24 hours.
Over the past seven days, Bitcoin prices have traded sideways – the apex crypto is down 0.8% during this period, while MicroStrategy’s stock has fallen by over 4%.
While Bitcoin and Ethereum remain staples for retail investors, a growing number of traders are planning to embrace riskier altcoins in 2025, according to a recent Stocktwits poll.
Bitcoin, Ethereum, and XRP erased most of their January gains as Trump’s tariffs on Canada, Mexico, and China sparked a sell-off that has led to $2.27 billion in crypto liquidations in the last 24 hours.
U.S. stock futures dropped sharply on Monday after U.S. President Donald Trump imposed tariffs on three of its major trade partners, Canada, China, and Mexico.
A Stocktwits poll shows 68% of retail traders expect Trump to launch a Bitcoin reserve in 2025 as some speculate XRP or meme coins could take priority.
President Donald Trump has resurfaced his old threat of imposing 100% tariffs on the BRICS nations via Truth Social, the social media platform owned by his company Trump Media & Technology Group Corp. (NASDAQDJT).
Powell’s remarks on banks engaging with crypto and the SEC’s rollback of key restrictions are fueling optimism in the crypto market but retail still has doubts.
The European Central Bank lowered its key interest rates by 25 basis points on Thursday, bringing the deposit facility rate to 2.75%, as the disinflation process remains “well on track” while the economy showed an unexpected stagnation during the last quarter of the year.
