- Bitcoin Price fluctuated between $93,000 and $100,000, settling at $96,050 following Trump’s trade policy shifts.
- ETF market showed mixed signals with $200 million in weekly inflows despite initial $234 million withdrawal.
- MicroStrategy rebranded to Strategy, reporting Q4 2024 losses of $670.8 million while holding $45 billion in Bitcoin.
- Trump administration proposed first U.S. sovereign wealth fund, sparking speculation about potential Bitcoin reserves.
- New evidence suggests possible Satoshi Nakamoto connection to defunct Canadian exchange Cavirtex.
Bitcoin’s market dynamics showcased significant volatility this week as the cryptocurrency responded to geopolitical tensions and institutional movements, with prices touching both $93,000 and $100,000 before stabilizing around $96,050.
The spot ETF market demonstrated resilience despite early-week turbulence. According to Farside Investors, while Monday saw $234 million in outflows, the week concluded with approximately $200 million in net inflows, indicating sustained institutional interest.
In a surprising development, Trump Media and Technology Group‘s new venture, Truth.fi, filed trademark applications for two Bitcoin investment vehicles: the Truth.Fi Bitcoin Plus ETF and Truth.Fi Bitcoin Plus SMA, potentially adding to the growing roster of institutional Bitcoin products.
Strategy (formerly MicroStrategy) marked a significant transition by dropping “Micro” from its name while announcing substantial Q4 losses. The company’s Bitcoin holdings, valued at over $45 billion, remained unchanged after an aggressive three-month acquisition period that saw $20 billion in purchases.
The cryptocurrency market received additional attention when President Donald Trump signed an executive order establishing America’s first sovereign wealth fund. While cryptocurrency enthusiasts, including Senator Cynthia Lummis, speculated about potential Bitcoin inclusion, the order contained no specific cryptocurrency provisions.
A notable development in Bitcoin’s origin story emerged when Coinbase’s head of product, Conor Grogan, identified transactions linking a Satoshi wallet to Cavirtex, a Canadian exchange later acquired by Kraken. The discovery suggested possible KYC records of Bitcoin’s creator, though Kraken responded cryptically with “We are all Satoshi.”
Nobel laureate Eugene F. Fama added to the ongoing Bitcoin debate in a podcast appearance, predicting Bitcoin’s eventual decline to zero, citing computational intensity and perceived lack of utility as primary concerns.
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