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#BTC Bitcoin(BTC) Drops Below 85,000 USDT with a 0.54% Decrease in 24 Hours On Apr 02, 2025, 21:07 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 85,000 USDT and is now trading at 84,812.34375 USDT, with a narrowed 0.54% decrease in 24 hours.$BTC
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$BTC #BTC Trump's Tariff Announcement Boosts Risk Assets and Bitcoin AI Summary According to Odaily, U.S. President Donald Trump announced a comprehensive tariff rate of 10%, which was lower than market expectations. This led to a surge in risk assets, with Nasdaq futures rising over 2% in after-hours trading. The U.S. dollar index (DXY) experienced a short-term drop of 50 points, while Bitcoin saw a rapid increase of over $1,500. Spot gold initially fell but later rebounded.
Important news K33 Analysts: U.S. Bitcoin Reserve Plan Could Reignite Market Sentiment Post-Tariff Volatility AI Summary As markets remain volatile amid U.S. President Donald Trump's aggressive trade policy announcements, analysts at K33 Research say that focus could soon shift back to a major bullish narrative — the U.S. Strategic Bitcoin Reserve plan. On April 2, Vetle Lunde, Research Director at K33, and David Zimmerman, Senior Analyst, said in a market note that ongoing tariff headlines have overshadowed progress on the Bitcoin Reserve initiative, but this narrative is likely to regain center stage once the geopolitical noise settles. U.S. Bitcoin Reserve Strategy: Report Due April 5 The executive order signed by Trump on March 6 mandates the creation of a "U.S. Strategic Bitcoin Reserve" using approximately 200,000 BTC (worth $17 billion at current prices) seized via civil or criminal forfeiture, with funds allocated to reimburse victims of financial crimes. By regulation, federal agencies are required to submit a legal authority report by April 5, detailing whether and how these digital assets can be moved into a federally managed strategic reserve. The executive order also tasks Treasury Secretary Scott Besent and Commerce Secretary Howard Rutnik with crafting a budget-neutral strategy to acquire and manage the Bitcoin holdings — meaning no direct taxpayer funding will be used. Key Timeline Ahead April 5: First formal report due on federal authority to hold and manage seized digital assets. May 5 (approx.): Deadline for Besent's legal and investment framework report outlining the acquisition strategy. Mid-to-late May: A crypto summit may be convened to discuss the role of Bitcoin in the U.S. economy, potentially serving as a catalyst for renewed bullish sentiment. Market Implications "Once tariff-driven macro volatility subsides, we expect attention to swing back toward the U.S. Bitcoin Reserve narrative, which could rekindle investor enthusiasm," Lunde and Zimmerman noted.
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#BTC BlackRock Registers as Cryptocurrency Asset Firm with UK Regulator According to BlockBeats, Bitcoin Magazine has reported that BlackRock has registered as a cryptocurrency asset company with the UK's Financial Conduct Authority. This move marks a significant step for BlackRock in expanding its presence in the digital asset sector.$BTC
#latestupdate MicroStrategy Faces Challenges in Bitcoin Acquisition Strategy AI Summary According to CoinDesk, MicroStrategy's (MSTR) aggressive acquisition of bitcoin (BTC) has propelled its shares to increase by over 2,500% in the past five years. However, analyst Gus Gala from Monness Crespi has expressed concerns that this trend may reverse. Gala recently downgraded MicroStrategy's stock to sell, just two weeks after initially rating it as neutral. He cited a growing confidence that the company's convertible issuance strategy might be exhausted. MicroStrategy currently holds 528,185 BTC on its balance sheet and has been consistently purchasing large amounts of bitcoin weekly, primarily funded through common share issuance and sales of its initial preferred series STRK. Gala's price target for MicroStrategy is set at $220, indicating a potential downside of nearly 30% from its current price, which is around $300. Gala highlighted the increasing difficulty MicroStrategy may face in raising funds to purchase bitcoin through share issuance, suggesting a shift towards fixed income vehicles might be necessary. He warned that if fixed income securities do not become a larger part of the company's issuance strategy, its BTC treasury approach could face significant challenges. Gala also pointed out that MicroStrategy has already utilized $18.6 billion of its $21 billion common share at-the-market offering. Additionally, the company raised $711 million last week through STRF, its second series of preferred stock.
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