The shares of Strategy Inc. (NASDAQ:MSTR) plunged 9.24% during the Monday pre-market trading session as Bitcoin (CRYPTO: BTC) tumbled 7% amid President Donald Trump‘s tariff woes.
As Ethereum (CRYPTO: ETH) continues its downward slide since Eric Trump recommended buying the second-largest cryptocurrency, renowned economist Peter Schiff cautioned against taking investment advice from the Trump family on Sunday.
XRP led altcoin inflows last week with $6.7 million, followed by Solana with $6.4 million. Polygon and Chainlink posted more modest gains, attracting $400,000 and $200,000, respectively.
Lower burns indicate reduced network activity, which has slowed for Ethereum recently as traders migrate to cheaper alternatives such as Solana and Tron.
Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market capitalization, has charted a diametrically opposite trajectory when compared to its older sibling, Bitcoin (CRYPTO: BTC), over the past year.
Some Stocktwits users are skeptical whether the address will bring about substantive policy changes, viewing it as more political posturing than meaningful action.
Robinhood currently offers trading in stocks, ETFs, futures and options, and crypto, among other things. It has 27 cryptocurrencies available for trading on its platform.
The approval, Ripple’s first in the Middle East, will allow the payments company to tap into the UAE’s $40 billion remittance and $400 billion international trade markets.
However, existing Ethereum ETFs are facing headwinds. Investor withdrawals have totaled $130.4 million over four consecutive days, according to Farside data.
Data from Coinglass shows that $288.35 million in crypto positions were wiped out in just four hours, with nearly $250 million coming from leveraged long bets.
The Trump tariff shock has reverberated through the crypto markets. Bitcoin’s price has fallen more than 16% over the past month, Ethereum's by over 22%, and XRP's by more than 9%.
Trump’s crypto and AI czar David Sacks revealed that the reserve would be created using Bitcoin that the U.S. government forfeited through legal actions.
Medical technology company BioNexus Gene Lab Corp. (NASDAQ:BGLC) announced the adoption of Ethereum (CRYPTO: ETH) as a treasury reserve asset on Wednesday, following the cryptocurrency’s inclusion in th
Strategy Inc. (NASDAQ:MSTR) shares rose 3.94% in Wednesday’s pre-market trading, as Bitcoin (CRYPTO: BTC) moves closer to the $90,000 mark, according to data from Benzinga Pro.
The latest downturn comes amid rising macroeconomic uncertainty, with the Trump administration announcing new tariffs on Canada, Mexico, and Brazil – a move that has sparked swift retaliation from the targeted countries.
