Global markets, including crypto, experienced significant selling preassure, which led to major price corrections.
Bitcoin briefly dipped below $50,000 and the whole crypto market lost hundreds of billions in no time.
During this period the top institutional Bitcoin holders – MicroStrategy, BlackRock, Fidelity and Grayscale haven’t sold any of their BTC holdings.
BlackRock currently holds 344,070 BTC worth $18.41 billion, Fidelity holds $9.67 billion, Grayscale has $12.83 billion, while MicroStrategy holds over $25 billion.
At the time of writing, Bitcoin has recovered from the daily bottom, currently trading at $54,300 with $104.4 billion volume.
Bitcoin’s next big move will depend more on money creation than on missiles or media noise, according to macro strategist Raoul Pal.
Trump Media & Technology Group (TMTG), the company behind Truth Social, has received SEC approval for a $2.3 billion capital raise aimed at building a corporate Bitcoin treasury.
Bitcoin’s ascent from fringe experiment to mainstream portfolio staple is accelerating, according to Galaxy Digital founder Mike Novogratz.
Coinbase is set to launch a Bitcoin rewards credit card in partnership with American Express, marking a new step in merging traditional finance with crypto incentives.