Despite President Trump ratcheting up his trade war Wednesday, Bitcoin is holding steady. That comes even after U.S. equities and the dollar got hit hard over the last couple days.
The biggest digital coin's price was recently at $82,876 per coin, CoinGecko shows. It's effectively even over the last seven days while the S&P 500 just had its worst day since June 2020.
Experts toldDecrypt that the asset had shown "impressive resilience" in the face of Trump's so-called Liberation Day, with the asset and other top coins bouncing back Friday after falling alongside stocks on Thursday.
Some were even feeling more bullish, with crypto analysts predicting a $200,000 target by the end of the year.
ETF action
Bitcoin ETFs saw outflows four out of five days this week, though the negative action was partially offset by a big day of positive flows on Wednesday—perhaps as investors treated the Bitcoin funds as a store of value ahead of expected trouble.
Farside Investors data shows $165 million worth of outflows for the week. As Bitcoin is sitting nearly 24% below its January all-time high price of nearly $109,000, are investors seeing a buying opportunity?
President Donald Trump announced tariffs earlier this week ranging from 10% for the U.K. to 49% for Cambodia, levies which the president suggests will raise trillions of dollars for the U.S. economy and “make America wealthy again.” Lots has been written in the last day about whether these tariffs will cause a recession, their impact on the U.S. economy, and how China may react.
Given the uncertainty in the market, and the initial huge losses in all financial markets in the day following the an...
Grayscale expands ETFs
They may well be—because more products are being released for U.S. investors: Crypto asset manager Grayscale said this week that two new products had started trading.
The Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) give investors exposure to Bitcoin's price movements via covered call strategies that allow investors to buy equity shares they already own at a given price.
Grayscale Investments is listing two exchange-traded funds giving investors a modified source of income based on Bitcoin's volatile price movements, the crypto asset manager announced Wednesday.
The Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) use covered call strategies that allow investors to buy equity shares they already own at a given price.
Neither fund gives investors exposure to Bitcoin directly but rather the opportunity to cash in on the asset's pote...
It didn't stop there, either—the fund manager also filed with the SEC to convert its private Digital Large Cap Fund to an ETF. Along with Bitcoin, it also gives investors exposure to Ethereum, XRP, Solana, and Cardano.
Tether buys more
Stablecoin giant Tether said it had bought 8,888 Bitcoins in the first quarter of this year for around $735 million, bringing its total holding to 92,646 orange coins.
The company, which issues the prominent USDT token, has aggressively bought the asset after pledging back in May 2023 that it would allocate up to 15% of its net realized operating profits to stacking Bitcoin.
Market sentiment may be recovering after Bitcoin briefly regained $84,000 earlier today, amid a broader wipeout of global equities and tech stocks alongside U.S. tariff fears.
The Bitcoin price has lost 0.8% in the past 24 hours, according to CoinGecko data, and is currently changing hands for $82,987.32. But it’s lost 6.5% month-on-month, and it’s still down approximately 23% from its all-time high of over $109,000 on December 5 last year.
Market prediction platform Myriad currently has 74% of...
Bitcoin to the moon?
Despite markets getting a beating as traders try to figure out what President Trump's aggressive economic policy will bring, Bitcoin isn't budging. And those in the space are even predicting that it will soar way past $100,000 per coin again.
Genuinely shocked a bit by Bitcoin's resilience. Would not have guessed it would hold above $80k in this type of broader market selloff of risk assets...
Major altcoins have dropped after U.S. President Donald Trump stirred up trade tensions by threatening tariffs once again, while the controversial “Big, Beautiful Bill” passed its final hurdle in Congress on Thursday—much to the dismay of Tesla CEO Elon Musk.
XRP has dropped 2.8% over the past 24 hours, with Solana falling 2.6%, and Cardano 4%. Fan favorite Dogecoin has also tumbled by 4% and Hyperliquid 4.7%.
“President Donald Trump signaled that new tariff notices could be issued as early as...
The crypto market is showing relative calm Thursday, with top assets mostly flat on the day as traders digest positive macro news and consider where to allocate their positions.
Bitcoin gained 0.4% in the past 24 hours, trading near $109,800 after briefly reaching a daily high of $110,590, according to CoinGecko. Ethereum also climbed above $2,590, though traders remain uncertain about its direction as prices continue to move sideways.
Almost all of the top 100 coins have posted single-digit mov...
Crypto asset manager Grayscale called the U.S. Securities and Exchange Commission's decision to halt the release of its Digital Large Cap Fund "unexpected" in an email to Decrypt Thursday.
The firm said that the Wednesday decision by the regulator—which surprised industry observers—was evidence of a changing regulatory landscape.
"While this development was unexpected, it reflects the dynamic and evolving nature of the regulatory landscape surrounding a first-of-its-kind digital asset product...