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Share link:In this post: XRP drops 4% after failing to sustain a breakout above $2.50, with support at $2.30. The RSI remains neutral as market uncertainty continues. Key US inflation reports this week, including CPI and PPI, may influence Fed policy and impact high-risk assets like crypto. Bitcoin and gold broke their inverse relationship with the S&P 500, while the insurance stock fall due to LA wildfire losses could boost crypto interest.
Solana's price is down 20% this week, facing strong bearish momentum. While supports are under threat, a potential rebound could aim for $203.
Bitcoin offset its meagre inflation with massive increase while US DXY increased by just 12% with compound inflation hitting 20%.
MicroStrategy has purchased another 2,530 BTC for approximately $243 million at an average price of $95,972 per bitcoin.The latest acquisitions follow the sale of MicroStrategy shares equivalent to the same amount.
It still needs to consolidate for a while to form a structure resembling a relative bottom.
- 10:39QCP Capital: Bitcoin maintains resilience above $90,000, suggesting a defensive investment strategyChainCatcher News, the latest analysis from QCP Capital shows that amid the development of U.S. trade policy and high-risk tariff wars, traditional financial markets continue to fluctuate. The S&P 500 index struggles to maintain the 6000 point mark, last week's volatility led to a correction in the cryptocurrency market with Bitcoin briefly touching $92,000 and Ethereum falling to $2100. Although the U.S.'s delay in imposing tariffs on Mexico and Canada brings some respite, the US-China trade war remains a focal point for markets. In terms of cryptocurrency regulation, regulatory bodies have established dedicated working groups drafting stablecoin regulations and assessing feasibility of Strategic Bitcoin Reserves (SBR). QCP Capital believes that while Bitcoin maintains resilience above $90,000 it suggests adopting defensive investment strategies due to geopolitical risks and lack of short-term positive catalysts.
- 10:24The Trump family collectively holds approximately 15.6 billion dollars in cryptocurrency, of which 14 billion dollars is in TRUMP coinAccording to a message from ChainCatcher, as per DL News statistics, the Trump family's crypto assets include meme coins, DeFi applications, NFTs and the newly launched investment business Truth.Fi. The total value of these various enterprises and assets is approximately $15.6 billion. The book value of the meme coin TRUMP alone is $14 billion. According to information on the Trump memecoin website, CIC Digital LLC and Fight Fight Fight LLC collectively hold 80% of Trump tokens with a paper value exceeding $14 billion. According to Trump's financial disclosure for 2024, he wholly owns CIC Digital. CIC Digital co-owns Fight Fight Fight with another company called Celebration Cards LLC which was registered in Wyoming by Andrew Pierce who serves as an attorney assistant at Wyoming LLC Attorney. As introduced on its website, Pierce's company specializes in setting up anonymous shell companies and asset protection planning.
- 10:19Greeks.live: Traders maintain a cautious bearish outlook on Bitcoin's fluctuation between $95,000 and $102,000ChainCatcher news, Adam, a macro researcher at Greeks.live, released the daily briefing for the English community showing that Bitcoin market traders are cautiously bearish on fluctuations within the range of 95,000-102,000 US dollars. They focus on support at 96.2 thousand dollars and resistance at 102,600 dollars. In terms of options trading strategies, traders tend to adopt Iron Condor and Covered Strangle strategies with tail protection while paying attention to dynamic rollovers of put options. Some traders have set up bullish option spreads expiring in April with strike prices between 120,000 - 140,000 dollars expecting spot holdings to maintain strength which could yield over a 100% return.