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Bitcoin rebounded quickly after it briefly fell below US$95,000 on disappointing U.S. inflation data.
Trade tensions pushed Bitcoin’s price well below US$100K before rebounding, while Elon Musk voiced support for putting the US Treasury on blockchain. Meanwhile, the SEC launched a Crypto Task Force, and Congress established a crypto working group.
Bitcoin's price tumbled below US$92k as US tariffs and retaliatory trade measures rattled investor confidence. With inflation concerns mounting and a key jobs report on the horizon, investors are closely watching the crypto market amid heightened volatility.
MicroStrategy plans new Bitcoin purchase, surpassing U.S. gov holdings. US Fed holds rates steady, signals patience on future cuts. Metaplanet announces significant Bitcoin investment. Ripple broadens its global regulatory presence.
It’s been an eventful week, with the global markets reacting to some seismic shifts in the AI space while crypto held its ground in parts but faltered in others. Let’s break it down.
BlackRock champions tokenisation, XRP gains traction, and crypto ETFs surge under shifting SEC leadership. Meanwhile, Bitcoin rallies on SEC action, Solana outshines Ethereum, and Bank of America signals readiness for crypto payments.