The tariffs caused significant turmoil in the stock market, but it was believed that the cryptocurrency market is well-positioned to avoid a similar effect. However, this doesn’t seem to be the case as Bitcoin and altcoins are quickly falling well below their recent all-time highs.  

Bitcoin last traded around $75K in November before embarking on a record-setting rally following the Presidential elections that saw it hit a record price of $109,026.02 in January. The momentum started fading in early February as Bitcoin returned below $100K before trading around $80K throughout March.

After the stock market endured a rough week, which included the Dow Jones Industrial Average posting back-to-back days with losses of more than 1,500 for the first time ever, the crypto market followed over the weekend.

Bitcoin fell to $74,775.61 on Monday morning, marking a 10% dip in 24 hours, before returning to $76K shortly after. Ether, on the other hand, has traded below $1,500 at one point, marking its lowest price since early 2023.

“For a moment, it seemed as though crypto might hold steady, but with the 24/7 nature of crypto markets, investors woke up on Sunday in full ‘sell mode,’” Charlie Sherry, head of finance and crypto analyst at BTC Markets, wrote in a research note.

The post Crypto Rally Loses Steam, Bitcoin Dips Below $75K appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

Bitcoin soared nearly 60% in value since Trump won the presidential election back in November and pledged to make the US “the crypto capital of the planet.” Bitcoin surpassed $100,000 for the first time in early December and hit a new high on the Inauguration Day, rising to over $109,000.

Gracy Chen, CEO of crypto exchange Bitget, addressed the Bitcoin surge in an interview with CNBC, and said that the “rumors that cryptocurrency may be declared a national interest by the United States during the inauguration are having a positive effect on the price of bitcoin.”

That moment never came, and Bitcoin dropped 5% from its all-time high after there was no mention of crypto in Trump’s inauguration speech. The Inauguration Day hasn’t been kind on the dollar either, and we’ve watched it tumble after the new administration shied away from imposing new trade tariffs on the first day in office.

The post Bitcoin Surged to All-Time High of $109,000 on Inauguration Day appeared first on theprimarymarket.com.

In a recent report, Steno Research’s analysts predicted that Bitcoin, the world’s most valuable cryptocurrency, will reach a price of $150,000 per coin at some point this year. Currently, Bitcoin is trading at around $98K, roughly 8% down from its record price of $108,135.

According to Steno Research, the world’s second most valuable cryptocurrency, Ethereum, will perform even better. They have Ethereum exceeding $8,000 per coin in 2025. It is currently trading at around 3.6K after it previously reached $4,721.07 in December.

Steno Research attributes the expected rise of the crypto market to multiple factors coming together, including “an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-bitcoin-halving performance.”

The company also believes that altcoins, a term used to describe cryptocurrencies other than Bitcoin and Ethereum, will also enjoy a favorable climate.

“This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for bitcoin,” Steno Research’s Mads Eberhardt shared in the report.

The post Steno Research Predicts Bitcoin Reaching $150K and Ethereum Exceeding $8K in 2025 appeared first on theprimarymarket.com.

According to the SEC filing, MicroStrategy, the world’s largest corporate holder of Bitcoin, spent roughly $209 million in cash to fund the latest purchase. It acquired 2,138 Bitcoin at an average price of $97,837 per coin to get its holdings to 446,400 Bitcoin. Based on Monday’s price of $94,272.97, the company now owns more than $42 billion in Bitcoin.

While MicroStrategy’s practice of buying Bitcoin isn’t waning, the amount of crypto it acquires is in steady decline. In early December, it spent more than $2 billion on Bitcoin weekly. One possible reason for the decline could be the historic heights that the price of Bitcoin reached in December.

Still, MicroStrategy will undoubtedly remain active in the crypto market. It recently asked for approval to issue more shares of Class A common stock and preferred stock, saying it will use the funds to buy more Bitcoin.

After a recent rally, the price of Bitcoin has dropped in recent weeks, and MicroStrategy’s stock followed due to its ties with crypto. On Monday, the company’s shares were down by 5.22% and traded at $312.76 apiece. Still, the stock remains up 356.46% year-to-date.

The post MicroStrategy Buys Bitcoin for 8th Straight Week, Stock Slips appeared first on theprimarymarket.com.

In a recent note, Bitfinex’s analysts made a case for Bitcoin reaching a price of $200,000 “around mid-2025” based on previous trends in the cryptocurrency market. Their minimum target price for that period is $140,000.

“The current bull market reflects strong institutional demand, led by ETFs and spot accumulation,” the note said. “Historical data suggests we are mid-cycle, following the April 2024 halving, with the market likely to peak around [the third and fourth quarter of] 2025, approximately 450 days post-halving. Historically, post-halving years have seen the strongest rallies.”

Bitfinex analysts added that the price of Bitcoin might see some oscillations in early 2025. However, they don’t see a significant drop due to a variety of factors, including the broader adoption of Bitcoin as an asset and friendlier approach by governments and financial institutions.

Bitcoin embarked on a massive rally in early November and broke the $100,000 mark for the first time on December 5. The coin is currently 139.62% up year-to-date.

The post Bitcoin Reaches New All-Time High, Could Hit $200K “Around Mid-2025” According to Bitfinex appeared first on theprimarymarket.com.

Bitcoin soared following the U.S. presidential elections on expectations of a crypto-friendly government. However, the rally never went as far as crypto investors expected, and they are now taking profit instead of waiting for the $100K barrier to be broken. One estimate is that $60 billion worth of Bitcoins have been moved in the past month.

According to experts, the current slide might not last long. Their view is that the profit-taking is an expected move after record highs and that Bitcoin will move up sooner rather than later.

“While breaking through now would be a major bullish signal, a brief pullback may be needed to gather momentum before the next attempt,” Mati Greenspan, CEO of Quantum Economics, told CNBC.

“Historically, when new all-time highs are reached, there is typically a period of consolidation before further moves up,” Brett Reeves of crypto-focused company BitGo added.

The next major movement of Bitcoin’s price is expected to take place around December 27th. This is when $11.8 billion in Bitcoin options are set to expire, and it is believed that the market could end up going either way.

The post Bitcoin Dips After it Fails to Reach $100K Mark appeared first on theprimarymarket.com.

MicroStrategy, which is the largest corporate holder of Bitcoin, made the purchase between October 31 and November 10 for approximately $2 billion.

MicroStrategy co-founder and former CEO Michael Saylor started investing in Bitcoin in 2020 as a hedge against inflation. It is estimated that the company currently holds 279,420 Bitcoins, acquired at the average price of $39,292.18 per coin. After the recent surge in Bitcoin price, its holdings are currently worth around $24 billion.

Investing in Bitcoin has provided a boost for MicroStrategy’s stock, which is more than 2,000% up since 2020. Monday’s disclosure brought the company’s shares up by a further 25.73% for a close price of $340.00 per share.

The cryptocurrency market has seen a massive rally starting last week, with Bitcoin particularly being in high demand. The coin is continuously setting new records, and its price has been climbing by 27% in the past week. It gained 8.5% on Monday alone, trading at an all-time high price of $87,231.77.

The post MicroStrategy Buys More Than 27K Bitcoin in Largest Purchase Since 2020 appeared first on theprimarymarket.com.

The expectation is that the new administration will take a more friendly approach to cryptocurrencies and other digital assets and pave the way for their regulation.

Bitcoin, the world’s most valuable cryptocurrency, improved by 10% on Wednesday, surpassing the $75,000 mark for the first time ever. It traded at $75,954.04, its all-time high price, at one point before the rally eased up. The coin is now 72% up year-to-date.

Several other crypto coins also saw a significant surge in price. Ether, which is the world’s second most valuable cryptocurrency, had a gain of 12% and traded at $2,686.42 at its peak. Meme coin Dogecoin, famously backed by Tesla CEO Elon Musk, has jumped by more than 16%.

Companies that are tied to the cryptocurrency market have also benefited from the rally. The stocks of crypto exchange Coinbase have jumped by more than 30%, while the shares of online brokerage app Robinhood Markets, which recently introduced crypto trading to its platform, increased by 19% in value. Additionally, business intelligence firm MicroStrategy, the world’s largest corporate Bitcoin holder, saw its stock rise by 14%.

The post Bitcoin Reaches a New Record, Surpasses $75K Mark appeared first on theprimarymarket.com.

The tariffs caused significant turmoil in the stock market, but it was believed that the cryptocurrency market is well-positioned to avoid a similar effect. However, this doesn’t seem to be the case as Bitcoin and altcoins are quickly falling well below their recent all-time highs.  

Bitcoin last traded around $75K in November before embarking on a record-setting rally following the Presidential elections that saw it hit a record price of $109,026.02 in January. The momentum started fading in early February as Bitcoin returned below $100K before trading around $80K throughout March.

After the stock market endured a rough week, which included the Dow Jones Industrial Average posting back-to-back days with losses of more than 1,500 for the first time ever, the crypto market followed over the weekend.

Bitcoin fell to $74,775.61 on Monday morning, marking a 10% dip in 24 hours, before returning to $76K shortly after. Ether, on the other hand, has traded below $1,500 at one point, marking its lowest price since early 2023.

“For a moment, it seemed as though crypto might hold steady, but with the 24/7 nature of crypto markets, investors woke up on Sunday in full ‘sell mode,’” Charlie Sherry, head of finance and crypto analyst at BTC Markets, wrote in a research note.

The post Crypto Rally Loses Steam, Bitcoin Dips Below $75K appeared first on theprimarymarket.com.

Investors have been moving away from risky assets in recent weeks due to uncertainty caused by the United States’ decision to change its tariff policy towards some of its most important trade partners. Experts believe that investors are increasingly wary of politics having too much impact on Bitcoin, despite the fact that the cryptocurrency was created to be an asset devoid of any political influence.

While unsurprising, the Bitcoin sell-off was much bigger than expected and at one point resulted in a dip below $80,000 for the first time since November.

After a rally to an all-time price of $109,241 in January, Bitcoin saw a steady decline in February and reached its low point of $78,659.27 early on Friday. It later rebounded to $86,517.22 before settling at around $84K on Saturday.

Bitcoin might see further decline down the line with the key support level being set around $70K per coin. It is at this point when dip buyers might step in, stopping the decline and causing another rally for the cryptocurrency.

Other major cryptocurrencies and meme coins had it even worse than Bitcoin in February. Ethereum dropped by 33.76% last month, Solana is down by 41%, while Dogecoin had a 38% slide.

The post Bitcoin Plummets By 17% in February, Endures Its Worst Month Since 2022 appeared first on theprimarymarket.com.

U.S. President Donald Trump signed an order on Saturday with which he imposed a 25% tariff on the majority of goods imported from Mexico and Canada. The U.S. and its neighboring countries previously enjoyed a free trade agreement since 1994.

Trump’s order also included a 10% tariff on imports from China, a move that the Asian country intends to dispute with the World Trade Organization. China, Mexico, and Canada accounted for 40% of all imports in the United States last year while the U.S. did an estimated $1.6 trillion in business with these three trading partners.

There is a belief that the tariffs could spill into a trade war, which is why investors are deciding to back off riskier assets like crypto until they see the full effects. Further weakening of major coins is expected in the near future, although some experts believe the tariffs could be beneficial to crypto in the long run.

Bitcoin slipped below $93K late on Sunday before recovering to $95K early Monday morning. Ether, the world’s second priciest cryptocurrency, had it even worse, dropping by more than 10% on Monday. It traded below $2,600 per coin compared to the $3,300 price from Friday.

The sell-off also reflected on publicly traded companies that have ties with crypto. Crypto exchange Coinbase saw its stock plunge by 6.74% in pre-market trading while Microstrategy, the world’s largest corporate holder of Bitcoin, is down by 8%.

The post Bitcoin and Other Cryptocurrencies Plunge Amid Tariffs on Imports From Mexico and Canada appeared first on theprimarymarket.com.

Bitcoin soared nearly 60% in value since Trump won the presidential election back in November and pledged to make the US “the crypto capital of the planet.” Bitcoin surpassed $100,000 for the first time in early December and hit a new high on the Inauguration Day, rising to over $109,000.

Gracy Chen, CEO of crypto exchange Bitget, addressed the Bitcoin surge in an interview with CNBC, and said that the “rumors that cryptocurrency may be declared a national interest by the United States during the inauguration are having a positive effect on the price of bitcoin.”

That moment never came, and Bitcoin dropped 5% from its all-time high after there was no mention of crypto in Trump’s inauguration speech. The Inauguration Day hasn’t been kind on the dollar either, and we’ve watched it tumble after the new administration shied away from imposing new trade tariffs on the first day in office.

The post Bitcoin Surged to All-Time High of $109,000 on Inauguration Day appeared first on theprimarymarket.com.

In a recent report, Steno Research’s analysts predicted that Bitcoin, the world’s most valuable cryptocurrency, will reach a price of $150,000 per coin at some point this year. Currently, Bitcoin is trading at around $98K, roughly 8% down from its record price of $108,135.

According to Steno Research, the world’s second most valuable cryptocurrency, Ethereum, will perform even better. They have Ethereum exceeding $8,000 per coin in 2025. It is currently trading at around 3.6K after it previously reached $4,721.07 in December.

Steno Research attributes the expected rise of the crypto market to multiple factors coming together, including “an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-bitcoin-halving performance.”

The company also believes that altcoins, a term used to describe cryptocurrencies other than Bitcoin and Ethereum, will also enjoy a favorable climate.

“This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for bitcoin,” Steno Research’s Mads Eberhardt shared in the report.

The post Steno Research Predicts Bitcoin Reaching $150K and Ethereum Exceeding $8K in 2025 appeared first on theprimarymarket.com.

According to the SEC filing, MicroStrategy, the world’s largest corporate holder of Bitcoin, spent roughly $209 million in cash to fund the latest purchase. It acquired 2,138 Bitcoin at an average price of $97,837 per coin to get its holdings to 446,400 Bitcoin. Based on Monday’s price of $94,272.97, the company now owns more than $42 billion in Bitcoin.

While MicroStrategy’s practice of buying Bitcoin isn’t waning, the amount of crypto it acquires is in steady decline. In early December, it spent more than $2 billion on Bitcoin weekly. One possible reason for the decline could be the historic heights that the price of Bitcoin reached in December.

Still, MicroStrategy will undoubtedly remain active in the crypto market. It recently asked for approval to issue more shares of Class A common stock and preferred stock, saying it will use the funds to buy more Bitcoin.

After a recent rally, the price of Bitcoin has dropped in recent weeks, and MicroStrategy’s stock followed due to its ties with crypto. On Monday, the company’s shares were down by 5.22% and traded at $312.76 apiece. Still, the stock remains up 356.46% year-to-date.

The post MicroStrategy Buys Bitcoin for 8th Straight Week, Stock Slips appeared first on theprimarymarket.com.

In a recent note, Bitfinex’s analysts made a case for Bitcoin reaching a price of $200,000 “around mid-2025” based on previous trends in the cryptocurrency market. Their minimum target price for that period is $140,000.

“The current bull market reflects strong institutional demand, led by ETFs and spot accumulation,” the note said. “Historical data suggests we are mid-cycle, following the April 2024 halving, with the market likely to peak around [the third and fourth quarter of] 2025, approximately 450 days post-halving. Historically, post-halving years have seen the strongest rallies.”

Bitfinex analysts added that the price of Bitcoin might see some oscillations in early 2025. However, they don’t see a significant drop due to a variety of factors, including the broader adoption of Bitcoin as an asset and friendlier approach by governments and financial institutions.

Bitcoin embarked on a massive rally in early November and broke the $100,000 mark for the first time on December 5. The coin is currently 139.62% up year-to-date.

The post Bitcoin Reaches New All-Time High, Could Hit $200K “Around Mid-2025” According to Bitfinex appeared first on theprimarymarket.com.

Bitcoin soared following the U.S. presidential elections on expectations of a crypto-friendly government. However, the rally never went as far as crypto investors expected, and they are now taking profit instead of waiting for the $100K barrier to be broken. One estimate is that $60 billion worth of Bitcoins have been moved in the past month.

According to experts, the current slide might not last long. Their view is that the profit-taking is an expected move after record highs and that Bitcoin will move up sooner rather than later.

“While breaking through now would be a major bullish signal, a brief pullback may be needed to gather momentum before the next attempt,” Mati Greenspan, CEO of Quantum Economics, told CNBC.

“Historically, when new all-time highs are reached, there is typically a period of consolidation before further moves up,” Brett Reeves of crypto-focused company BitGo added.

The next major movement of Bitcoin’s price is expected to take place around December 27th. This is when $11.8 billion in Bitcoin options are set to expire, and it is believed that the market could end up going either way.

The post Bitcoin Dips After it Fails to Reach $100K Mark appeared first on theprimarymarket.com.

MicroStrategy, which is the largest corporate holder of Bitcoin, made the purchase between October 31 and November 10 for approximately $2 billion.

MicroStrategy co-founder and former CEO Michael Saylor started investing in Bitcoin in 2020 as a hedge against inflation. It is estimated that the company currently holds 279,420 Bitcoins, acquired at the average price of $39,292.18 per coin. After the recent surge in Bitcoin price, its holdings are currently worth around $24 billion.

Investing in Bitcoin has provided a boost for MicroStrategy’s stock, which is more than 2,000% up since 2020. Monday’s disclosure brought the company’s shares up by a further 25.73% for a close price of $340.00 per share.

The cryptocurrency market has seen a massive rally starting last week, with Bitcoin particularly being in high demand. The coin is continuously setting new records, and its price has been climbing by 27% in the past week. It gained 8.5% on Monday alone, trading at an all-time high price of $87,231.77.

The post MicroStrategy Buys More Than 27K Bitcoin in Largest Purchase Since 2020 appeared first on theprimarymarket.com.

The expectation is that the new administration will take a more friendly approach to cryptocurrencies and other digital assets and pave the way for their regulation.

Bitcoin, the world’s most valuable cryptocurrency, improved by 10% on Wednesday, surpassing the $75,000 mark for the first time ever. It traded at $75,954.04, its all-time high price, at one point before the rally eased up. The coin is now 72% up year-to-date.

Several other crypto coins also saw a significant surge in price. Ether, which is the world’s second most valuable cryptocurrency, had a gain of 12% and traded at $2,686.42 at its peak. Meme coin Dogecoin, famously backed by Tesla CEO Elon Musk, has jumped by more than 16%.

Companies that are tied to the cryptocurrency market have also benefited from the rally. The stocks of crypto exchange Coinbase have jumped by more than 30%, while the shares of online brokerage app Robinhood Markets, which recently introduced crypto trading to its platform, increased by 19% in value. Additionally, business intelligence firm MicroStrategy, the world’s largest corporate Bitcoin holder, saw its stock rise by 14%.

The post Bitcoin Reaches a New Record, Surpasses $75K Mark appeared first on theprimarymarket.com.