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February 3, 2025
Bitcoin derivatives data suggest the bottom is in, but investors’ fears could limit a recovery beyond $100,000.
Scott Bessent, who has been in office for less than a week as US Treasury Secretary, will also take on the role of acting director of the Consumer Financial Protection Bureau.
The new layer-1 network, which is focused on derivatives trading, continues to gain traction, while Ethereum faces a sharp revenue decline.
Wyoming Senator Cynthia Lummis suggested Donald Trump’s executive order creating a US sovereign wealth fund was a “big deal” for Bitcoin.
Traditional exchanges are seeking to expand trading hours as 24/7 onchain trading gains momentum.
Since its initial $250-million Bitcoin acquisition in August 2020, MicroStrategy has bought 471,107 BTC as of February for roughly $30 billion.
Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.
World Liberty Financial’s current crypto holdings are valued at $373 million, with major stakes in Ether and Wrapped Bitcoin.
Uphold resumes staking in the UK post-regulatory changes, India signals a potential crypto policy shift and Kraken prepares to delist USDT in Europe.
Ether price dropped as much as 40% from last week’s high after the entire crypto market saw its largest single-day liquidation event since 2022.
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