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Quick Summary Bitcoin surged above US$66,000 , up over 3% intraday Ether climbed nearly 5% , with altcoins also advancing Rally coincides with equity gains ahead of Trump’s address Move likely driven by  short covering and speculative positioning Crypto Bounces After Early-Week Sell-Off Bitcoin rebounded sharply in early Asia trading, climbing as much as  3.5% to US$66,300 , marking its biggest intraday gain since mid-February. Bitcoin:  ~US$66,300 (+3%+) Ether:  ~US$1,944 (+4%+) Solana:  +4% XRP:  +2% The move follows a steep drop earlier in the week, when markets reacted negatively to tariff uncertainty from US President  Donald Trump . What’s Driving the Rally? The rebound aligns with: A rise in US equity futures Improved risk sentiment ahead of Trump’s  State of the Union address Relief after the  Supreme Court of the United States  blocked Trump’s use of emergency powers for reciprocal tariffs However, Trump later announced plans fo...

Approaching a Milestone Ether ( ETHUSD ) is just  3% shy  of its  all-time high  of  $4,865.81  from November 2021, riding the coattails of Bitcoin’s repeated record peaks this year. As of Wednesday, ether traded around  $4,715 , up  29% in the past five days  and  41.9% year-to-date . By contrast, Bitcoin ( BTCUSD ) hovered near  $122,536 , just below its  $123,165.67  record, with gains of  6.3% over five days  and  31.2% YTD . Fueling the Rally Both cryptos are benefitting from: Risk-on sentiment  following an  in-line U.S. inflation report , which boosted market expectations for a  September Fed rate cut  (91.8% probability vs. 57.4% a month ago). Record highs  for BlackRock’s  iShares Bitcoin Trust (IBIT)  and  iShares Ethereum Trust (ETHA)  ETFs. Corporate treasury interest , with some firms now allocating funds not just to bitcoin, but also to  ether a...

Key Takeaway: Crypto-related equities saw modest gains in overnight trading as  Bitcoin stabilized above $83,250 , with risk sentiment returning selectively across digital asset proxies. Meanwhile,  GameStop shares rallied nearly 3%  following an increased stake by CEO  Ryan Cohen , reigniting interest in retail-driven meme stocks. Crypto Equity Snapshot: Hut 8 (HUT) : +3.1% MicroStrategy (MSTR) : +2.2% Marathon Digital (MARA) : +1.4% CleanSpark (CLSK) : +1.2% Bitcoin (BTC) : +0.5% to  $83,250 Ethereum (ETH) : +0.3% to  $1,815 The move follows  broader flight-to-alternatives activity , with investors parsing volatility across traditional asset classes after U.S. tariff announcements. Meme Stock Watch: GameStop (GME) : +2.9% CEO Ryan Cohen’s additional share purchase has fueled  speculative momentum , drawing renewed attention from retail forums and options markets. Market Perspective: Despite broader risk-off sentiment, these gains reflect  s...

Eurozone finance ministers  expressed concerns that the  U.S. government’s embrace of cryptocurrencies  could pose risks to  Europe's monetary sovereignty  and  financial stability . Their worries come after  President Trump  signed an executive order to create a  strategic reserve of cryptocurrencies  using tokens already owned by the U.S. government, signaling a shift in policy from the previous administration. Key Takeaways: Policy Shift in the U.S. : The U.S. administration’s new stance on  cryptocurrencies , especially  dollar-denominated stablecoins , has sparked concerns in Europe. Trump’s move to embrace cryptocurrencies as part of the U.S. financial system contrasts with past U.S. policies, raising alarms about the impact on European financial stability. Impact on Europe’s Monetary Sovereignty :  Paschal Donohoe , Chairman of the Eurogroup, highlighted that such developments in the U.S. could directly affect ...

Bitcoin’s rally surged close to $90,000 on Tuesday, with the overall cryptocurrency market surpassing its pandemic-era high as investors anticipate a favorable climate under President-elect Donald Trump . Bitcoin has jumped 32% since the US election on Nov 5, reaching a record of $89,599 . Trump’s promises, including potential crypto-friendly policies and establishing a strategic Bitcoin reserve , have boosted market optimism. This marks a shift from previous regulations, sparking speculative buying across large and small tokens, lifting digital assets' value to $3.1 trillion . Options trading shows bets that Bitcoin could top $100,000 by year-end, with increasing institutional interest in Bitcoin futures. MicroStrategy, a major corporate holder of Bitcoin, added about 27,200 tokens (worth roughly $2 billion) to its holdings recently. The rally’s momentum has stirred talks of possible corrections, but confidence remains strong, with Bitcoin up 110% in 2024 . The shift in Trum...