Tom Lee, Fundstrat Capital's head of research and a regular contributor to CNBC's Fast Money, has spoken to CNBC's Squawk Box this time, talking to them about the prospects of Bitcoin for this year as 2025 continues to unwrap.
Bitcoin surged 8% to peak at $95,043 after Trump's crypto reserve plan announcement. BTC is trading at $91,821.69, with a $1.82 trillion market cap and a 209% volume surge.
President Donald Trump injected a shot of enthusiasm into crypto markets on Sunday when he announced the five cryptocurrencies that will comprise his U.S. strategic crypto reserve. Trump Announcement Triggers Bitcoin Surge Bitcoin's price experienced a 10% surge following President Donald Trump's announcement of a U.S. strategic cryptocurrency reserve.
Prominent pseudonymous crypto trader Eugene Ng Sio is eyeing a measured approach to the current market conditions following President Trump's strategic cryptocurrency reserve announcement that sent Bitcoin (CRYPTO BTC) above $94,000 on Sunday. What Happened: Major cryptocurrencies have slightly retraced following the Sunday rally, with all proposed ‘reserve cryptocurrencies' trading above Friday's highs.
The Michael Saylor-led company holds just shy of half a million BTC tokens.
If you checked on the crypto market on Friday, you'll have witnessed a bloodbath. Bitcoin plummeted, falling to below $80K at some points.
Bitcoin's market momentum might finally change thanks to a strong and rapid comeback above an important support level. The sideways channel formed previously was not breached, which leaves the possibility for a substantial price reversal open for the future.
Bitcoin (CRYPTO: BTC) and altcoins rallied sharply after President Trump's surprise announcement of a U.S. crypto strategic reserve. What Happened: In an X post on Monday, Eric Trump praised the timing of his father's announcement, calling it a shift in financial dynamics that finally gives retail investors a leg up.
David Bailey, a prominent figure in the cryptocurrency community, informed his X followers that China is “holding closed door meetings” on establishing their own strategic bitcoin reserve.
The sentiment has been intensely bearish in recent days, and traders would be apprehensive of being bullish.
Japan's Metaplanet has gone on yet another Bitcoin buying spree. Earlier today, it snagged an extra 156 $BTC worth around $13.4M, bringing its stash to a sizable 2,391 $BTC (approximately $219.5M).
The crypto market registered a sharp recovery on Sunday after President Donald Trump announced the names of cryptocurrencies to be included in the strategic reserve. As a result, the crypto market cap surged nearly 9% to reclaim the $3 trillion mark and move to its current $3.08 trillion.
Bitcoin surged 8% on Monday, fueled by Trump's crypto reserve announcement, with analysts viewing it as a good buying opportunity.
Japanese investment firm Metaplanet has doubled down on its Bitcoin accumulation strategy by acquiring a new batch of 156 BTC. The firm unveiled this announcement via its official X post hours ago, detailing how it took advantage of the market dip between Feb. 18 and Feb. 28.
Bitcoin investors are closely watching this week's US economic data releases, which could dictate BTC's next move. With employment figures, inflation insights, and Federal Reserve commentary on the agenda, the crypto market is preparing for possible price swings.
Ethereum (ETH) creator Vitalik Buterin says that the US government's targeting of early Bitcoin (BTC) pioneer Roger Ver is an “absurd” and unreasonable persecution. Ver, an early Bitcoin investor who later decided to support the Bitcoin Cash (BCH) fork, was arrested in Spain in late April of 2024 at the direction of the U.S.
Ripple's XRP and ethereum rivals solana and cardano—all regarded as U.S.
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David Sacks who was appointed as the White House AI and Crypto Czar by the newly elected US president, Donald Trump, has confirmed that he had sold his personal crypto holdings before he entered this important position.
Tom Lee, Fundstrat co-founder and managing partner and Fundstrat Capital CIO, joins 'Squawk Box' to discuss the latest market trends, impact of tariff threats and DOGE's cost cutting, the Fed's inflation fight, state of bitcoin, and more.
Some altcoins charted massive 50%+ surges after Trump's statement.
There's been a lot of buzz around the idea of a U.S. Strategic Bitcoin Reserve, especially after Donald Trump's social media post fueled speculation. The U.S. government already holds around 200,000 BTC worth nearly $19 billion, mostly from seizures. If the U.S.
Strategy and Coinbase lead the crypto-equity rally in pre-market trading, both up double digits.
MetaMask is developing a multichain API that will allow dApps to connect to multiple blockchains simultaneously, both EVM and non-EVM.
Bitcoin (BTC) has made a notable rebound in recent days, rising 8% and trading at $93,202. The cryptocurrency is currently attempting to establish $93,625 as a key support level.
Metaplanet, an investment firm known for its Bitcoin acquisitions, made a significant move on March 3 by purchasing an additional 156 Bitcoin for approximately $13.4 million.
Schiff reluctantly accepted the idea of a U.S. Bitcoin reserve—but sees the inclusion of XRP as pointless.
Brian Armstrong, CEO of Coinbase, feels that in building its crypto strategic reserve, the United States should concentrate on Bitcoin. Compared to gold, he says it is the best option.
There are doubts circulating about Trump's proposal to establish a strategic reserve that also includes altcoin.
This investment brings the total owned by Metaplanet to 2,391 BTC.
On Sunday President Trump announced on Truth Social that he had directed a working group to move ahead with a Crypto Strategic Reserve. On the announcement, the crypto market took off.
Donald Trump announces a US Crypto Reserve, triggering a market rally. Bitcoin and Ethereum rebound after recent losses, but on-chain data signals mixed trends—what's next for the crypto market?
Anatoly Yakovenko, co-founder of the Solana project, has recently referred to the current state of bitcoin and its utility. On social media, Yakovenko stated that BTC had no value and could be considered insurance “in the best light.
Bitcoin's (BTC 6.56%) price reached its all-time high of more than $109,000 on Jan. 25. The approvals of its first spot price exchange-traded funds (ETFs) last January, its latest halving (which every four years cuts the rewards in half for mining new coins) last April, three interest rate cuts, and President Donald Trump's election victory last November all brought the bulls back to the top cryptocurrency.
CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and the previous $29 billion buying strike as reasons for the record-breaking weekly outflows.
Japanese investment firm Metaplanet purchased 156 Bitcoin for $13.34 million, bringing its total holdings to 2,391 BTC, funded through a series of bond issuances.
Bitcoin (BTC) has reached a significant milestone, with its mining power surging past 750 exahashes per second (EH/s), an increase that underscores a remarkable growth in the network's security and stability. As the true hash rate nears 1,000 EH/s, Bitcoin's network has seen an impressive rise since mid-2020, when the hashrate stood at just 100 EH/s.
Metaplanet seeks to increase its BTC holdings to 10,000 BTC by the end of 2025.
The recent announcement by President Donald Trump regarding the creation of an American strategic reserve including several altcoins has shaken the market. While Bitcoin rose by 10%, its dominance in the crypto market briefly fell below the symbolic threshold of 50%, a first in a long time.
Bitcoin's volatility raises mixed signals; key levels to watch for potential market bottom and recovery.
White House crypto czar David Sacks confirms selling all personal cryptocurrency holdings before taking office while his firm maintains crypto startup investments, as Trump administration announces new crypto initiatives.
The recent slowdown in Bitcoin ETF selling isn't driven by Trump's crypto reserve plan but rather shifting market dynamics. Spot Bitcoin exchange-traded funds saw their largest outflows since launching in January 2024.
Are investors opting for safety over exposure to volatile assets?
Metaplanet now holds 2,391 BTC, with an average cost basis of $82,100.
President Donald Trump has reaffirmed his commitment to cryptocurrency by announcing plans for a US government-held digital asset reserve.
Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump's announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH.
Bitcoin's price surged 10% to over $93,000 after Trump announced plans for a U.S. strategic crypto reserve that would include five major cryptocurrencies, driving increased trading volume and renewed options market activity.