Donald Trump’s tariff pause sparks huge short liquidations and insider trading probe
Trump's bullish social media post before tariff pause prompts calls for insider trading investigation.
Happy Thursday!
The crypto market is reeling as Donald Trump’s tariff pause triggers massive short liquidations and an insider trading probe following his bullish social media post. Meanwhile, MicroStrategy’s Michael Saylor remains steadfast in his “HODL” commitment despite speculation surrounding a $700M Bitcoin transaction during volatile market conditions. Adding to the momentum, the SEC has approved Ethereum ETF options for BlackRock and Fidelity, paving the way for broader institutional participation in crypto markets.
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The global crypto market cap is $2.5 trillion, with a 24-hour volume of $147.91 billion. The price of Bitcoin is $79,095.76, and BTC market dominance is 62.5%. The price of Ethereum is $1,496.42, and ETH market dominance is 7.2%. The best-performing sector is Cat-Themed, which gained 14%. The Crypto Fear & Greed Index is currently Extreme Fear (39).
Donald Trump’s tariff pause sparks huge short liquidations and insider trading probe
Trump's bullish social media post before tariff pause prompts calls for insider trading investigation.
📰 Top News
Saylor says ‘HODL’ as Strategy stirs speculation with $700M Bitcoin move amid market volatility
Saylor reiterated Strategy's commitment to never selling its Bitcoin despite recent cryptic transactions that have led to speculation around divestments.
SEC clears Ethereum ETF options trading for BlackRock and Fidelity
The first batch of approvals allow ETHA and FETH to offer up to 25,000 options contracts.
Pakistan considers using surplus energy for Bitcoin mining after appointing CZ to Crypto Council
The mining plants' locations will follow the regions with energy surplus, according to Pakistan's Crypto Council and finance ministry adviser Bilal Bin Saqib.
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📈 Latest Insights
Bitcoin drawdown widened to 27% near FTX levels amid US-China trade tensions
Over $450M exits spot Bitcoin ETFs as market reacts to trade war
🗞️ More News
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Magic Eden acquires Slingshot to expand into on-chain trading, diversify beyond NFTs
China and Russia embrace Bitcoin for trade as US financial influence comes under scrutiny
📖Latest Market Report
Tracking Bitcoin bills: A state-by-state breakdown of US crypto legislation
CryptoSlate's latest report dives deep into Bitcoin regulation to compile and summarize Bitcoin legislation in the US on a state-by-state basis.