The cryptocurrency market is seeing notable movements as Bitcoin and XRP show signs of recovery amid concerns over President Donald #TrumpTariffs policies. Over the past 24 hours, Bitcoin $BTC has climbed 2.6% to $84,089, while $XRP surged 5.2% to $2.18. $ETH also saw a 4.9% uptick to $1,883. However, these assets remain below their January highs, reflecting the ongoing volatility driven by macroeconomic factors.
Meanwhile, the Trump family has made headlines in the crypto space with their latest venture into Bitcoin mining. Eric Trump and Donald Trump Jr. have partnered with Hut 8 to invest in a bitcoin-mining company called American Bitcoin. Their firm, American Data Centers, will merge with American Bitcoin, acquiring a 20% stake. With Eric Trump taking on the role of chief strategy officer, this move aims to establish the U.S. as a key player in the crypto mining industry though it has also sparked discussions about potential conflicts of interest.
On the institutional side, MicroStrategy continues to double down on Bitcoin, purchasing an additional $1.9 billion worth over the past week. This brings its total holdings to 528,185 BTC, representing over 2% of the total Bitcoin supply.
However, Bitcoin’s slight retracement to $82,000 has impacted MicroStrategy’s paper gains, though its average purchase price of $67,500 per BTC suggests a long-term bullish stance.
SEED Token Expands GameFi with Major Listings
In GameFi news, SEED Token is now live to trade via BingX official X page. This milestone follows SEED’s rapid ascent as the top NFT collection on the Sui network and its successful funding from the Sui Foundation. The SEED team is also making waves with SEED Go, a location-based Web3 game launched on March 26. The game has already attracted over 50,000 players, offering earning opportunities ranging from $5 to $50 per day. Its in-game assets have generated over $2 million in sales, highlighting strong demand and an expanding player base.#seed
