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Billionaire Michael Saylor’s firm, Strategy, purchased $2.13 billion in bitcoin over eight days, acquiring approximately 22,305 bitcoins from January 12 to 19. Despite this, the company's shares fell 6.6% as bitcoin prices dropped 2.4%. As of January 19, Strategy holds 709,715 bitcoins. The purchases were funded through an at-the-market offering program, following a reported unrealized loss of $17.44 billion on its digital assets in Q4, impacting investor sentiment amid crypto volatility.
Bitcoin fell below US$92,000, dropping 3.6% as US tariff fears impacted risk assets. Other cryptocurrencies like Ether and Solana also saw significant losses. President Trump's proposed tariffs on eight European countries led to a US$100 billion decline in the crypto market's total value. Despite a promising start to the year, concerns over tariffs halted Bitcoin's recovery. Analysts suggest that if support fails, Bitcoin could drop to US$90,000, while institutional demand may provide a potential floor.
The recent changes represent the most recent effort by the Democratic Party to prevent American government officials from benefiting from cryptocurrency investments.
Bitcoin attempted to stabilize at the $90,000 mark after Trump eased tariff threats related to Greenland, experiencing significant volatility. On Wednesday, Bitcoin briefly fell to around $87,300 but rebounded to nearly $90,000 following Trump's remarks. Market sentiment shifted due to Trump's statement, leading to a recovery in crypto assets. Trump announced a delay in tariff plans for eight European countries and set a framework for future agreements with Greenland
HTX has optimized its Earn product matrix, launching a new campaign called "HTX Earn for Hot Cryptos" to offer users enhanced APY incentives on popular newly listed cryptocurrencies. The campaign aims to provide flexible product structures and stable returns amid market volatility. Additionally, HTX has introduced the RIVER Flexible product and increased APY for AXS, targeting both privacy-focused assets and GameFi sectors. Users can easily participate through the HTX App or website, with interest accruing hourly and flexible redemption options available.
$2x Bitcoin Strategy ETF(BITX.US) Buy in a few days
