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MicroStrategy Pauses Weekly Bitcoin Purchases Ahead of Earnings

MicroStrategy, the fourth-largest owner of bitcoin (BTC), did not buy any new tokens last week, Executive Chairman Michael Saylor announced on X, ending a 12-week string of purchases. Since Nov. 11, the Tysons Corner, Virginia-based company has bought 218,887 bitcoin, according to Saylor. It currently holds 471,107 bitcoin. While Saylor didn’t say why the company […]

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Bitcoin Bounces Above $99K, XRP Surges 40% as Trade War Tensions Suddenly Ease

Cryptocurrencies bounced on Monday with bitcoin (BTC) rallying towards $100,000 as concerns over a full-blown trade war significantly subsided with Mexico reaching an agreement with U.S. President Donald Trump. Mexico President Claudia Sheinbaum said on Monday that the government will deploy 10,000 troops on the U.S. border to stop illegal arms and drug trafficking. She

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CoinDesk 20 Performance Update: Index Plunges 17.1% Over Weekend

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3112.63, down 17.1% (-641.58) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-6.8%) and SOL (-14.8%). Laggards: FIL (-33.9%) and AAVE

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Crypto Stocks Slide Pre-Market as U.S. Futures Point to More Bitcoin Losses

Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin (BTC) on track for further losses because it tends to mirror movements of U.S. stock markets. S&P 500 futures slid 1.4%, Dow Jones futures fell 1.2% and futures on

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Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected

By Omkar Godbole (All times ET unless indicated otherwise) Crypto markets are a sea of red alongside a growing risk aversion in traditional markets, and Trump’s tariffs are to blame. Late Friday, the president imposed a 25% tariff on imports from Canada and Mexico and 10% on China, provoking retaliatory measures that have reignited a

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THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending

THORChain’s members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with a total supply of 200 million tokens. This action was taken after suspending THORFi services on Jan. 23 due to financial uncertainties, as CoinDesk reported. TCY tokens will be distributed at a rate

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What Next for Bitcoin, Ether, XRP as Donald Trump Eyes Further Tariffs?

Donald Trump’s decision to levy tariffs may have turned market sentiment linked to his pro-crypto promises, causing a steep drop in bitcoin (BTC) and majors in the past 24 hours. Traders believe Monday’s bloodbath could turn out to be a buy-the-dip opportunity for several reasons, stemming from the eventual growth of and demand for dollar-backed

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Ether Volatility Explodes to Over 100% as Price Crashes

Ether (ETH), the second-largest cryptocurrency by market value, witnessed a significant spike in volatility early Monday as the renewed trade war between the U.S. and its trading partners triggered broad-based risk aversion in financial markets. The price of ether tanked as much as 24%, with considerable dislocations across centralized exchanges. On Deribit, the price hit

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TRUMP Down 75% From Peak Even as Donald Trump Shills the Token on Truth Social

A market-wide drop has sent Donald Trump’s TRUMP token spiraling further down in the past 24 hours, bringing losses from the peak to a staggering 75%. TRUMP was issued a couple of days before Trump’s swearing-in ceremony on Jan.20 as the first-ever memecoin officially endorsed by a sitting president. It ran from zero to a

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