The rise of the first cryptocurrency above $73,000 is a short-term rebound, not the start of a new bull market. This is the conclusion reached by CryptoQuant analysts.
US President Donald Trump’s son Eric criticized greedy bankers fighting co-stablecoins that benefit ordinary people.
Bitcoin’s rebound to the $70,000 mark (it was trading at $68,000 at midday in Hong Kong) appeared to be driven more by repositioning than conviction, according to market maker Enflux, which said the move mainly reflected the closing of short positions after traders set themselves up for a bear market amid geopolitical news.
Solana Mobile has opened up access to the Solana Mobile Stack (SMS) software platform to third-party Android smartphone manufacturers. The integration will allow native Web3 functionality to be added to any mobile device.
Bitcoin pulled back to $66,700 as traditional markets opened with the first opportunity to react to the weekend’s military escalation, with oil soaring to $77 and Asian stocks falling 1.4 percent.
Bitcoin approached the $63,000 mark in Saturday trading after the U.S. and Israel carried out military strikes on Iran, sending the largest cryptocurrency tumbling about 3 percent in a matter of hours and exacerbating an already challenging weekend for risky assets.
When US President Donald Trump signed an executive order creating a strategic bitcoin reserve in 2025, private companies, investment banks and experts immediately began urging the world’s key central banks to consider a similar move. Kevin Warsh, Trump’s nominee for chairman of the US Federal Reserve, last year supported the idea in an interview, calling bitcoin “the new gold”.
AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has expanded its list of stablecoins with a new token pegged to the Swiss franc, which has become a favorite hedge asset for big banks and analysts.
American Bitcoin (ABTC), a bitcoin (BTC) mining company backed by President Donald Trump’s family, reported a $59 million loss in the fourth quarter amid a sharp drop in the price of the largest cryptocurrency, driving down the value of its assets, Logos Press reported.
Cryptocurrency markets continue to be feverish, with high volatility and uncertainty in trends for most currencies and positions, according to Logos Press.
