American President Donald Trump announced overnight the creation of a U.S. Crypto Strategic Reserve. The news, long heralded throughout the Trump campaign, reignited price momentum on crypto markets.
Bitcoin and Ethereum both hit 3-month lows as crypto markets undergo a significant reset. A mix of negative sentiment, economic concerns, and broader macro uncertainty has weighed on investors, leading to sharp declines.
Bitcoin ETF outflows hit a record US$1B, driven by profit-taking, macro uncertainty, and portfolio shifts.
Bitcoin tests key support amid macro headwinds. Is a rebound next?
Post-election highs give way to market recalibration amid meme coin mania and major hacks.
Over the past trading week, ETH gained more than 5%, despite a major hack on one of the world’s largest exchanges on Friday. The crypto industry responded with unity, as key players took action to manage the fallout.