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Bitcoin has rebounded to surpass $99,000 from a recent low of $96,000, following a strategic move by Eric Trump, who encouraged family-affiliated World Liberty Financial to make its first BTC investment. The orderbook is showing clear imbalances, with the sell-side remaining thin, while the buy-side is notably stronger, with bids clustering around the $94,000 to $97,000 range. Current price action is constrained by a descending trendline on the 4-hour chart. Since the start of the day, funding rates have risen significantly, yet both open interest and prices have experienced a 3% pullback, with cumulative volume delta (CVD) also declining, signaling short-term bearish pressure.
In related corporate news, Strategy, previously known as MicroStrategy and the largest corporate Bitcoin holder, has reported substantial progress towards its capital-raising target. The firm embarked on a buying spree during the post-election rally, purchasing a total of $20.5 billion worth of BTC by the end of Q3.
Despite concerns surrounding new tariffs, which took effect on Monday following President Trump's announcement of a 10% levy on Chinese imports, investor sentiment rebounded after the president eased tensions by pausing tariffs on Mexican and Canadian goods.
The News Room
Trump’s Media Company Files Trademarks for Made in America ETF, Bitcoin Plus ETF, and More
Trump Media & Technology Group (TMTG) has applied for trademarks on a range of investment products under its Truth.Fi fintech brand, including the Truth.Fi Bitcoin Plus ETF, Made in America ETF, and U.S. Energy Independence ETF. The firm, owned over 50% by President Trump, aims to offer alternative investment vehicles aligned with "America First" principles. Partnering with Charles Schwab and Yorkville Advisors, the company plans to invest up to $250 million in traditional assets, Bitcoin ETFs, and crypto-related securities. The move marks Trump's continued embrace of crypto, following his executive order to explore a strategic digital asset reserve.
Why MicroStrategy—Now Strategy—is Set for a $12.75 Billion Balance Sheet Boost
Following its rebrand from MicroStrategy to Strategy, the company is set to receive a $12.75 billion boost to its balance sheet under the Financial Accounting Standards Board’s (FASB) new fair-value accounting rules, allowing it to recognize unrealized Bitcoin gains for the first time. Previously, Strategy reported a $670.8 million Q4 loss, largely due to $1 billion in Bitcoin impairment charges. The firm holds 471,107 BTC (~$46 billion) at an average purchase price of $64,511 per BTC. Despite some investor concerns over its valuation premium, Strategy continues to push forward with its “21/21” plan, targeting $42 billion in capital raises via equity and debt for further Bitcoin acquisitions.
US Watchdog Files Complaint With DOJ, OGE Over Trump’s Official Memecoin
Consumer watchdog Public Citizen has filed a complaint with the DOJ and Office of Government Ethics (OGE), alleging that President Trump’s official memecoin may violate federal laws prohibiting gift solicitation by government officials. The watchdog raised concerns that foreign actors could be indirectly gifting Trump through cryptocurrency purchases. Trump’s Solana-based TRUMP token initially surged to a $75 billion valuation before collapsing alongside Melania Trump’s memecoin, MELANIA. Public Citizen is urging authorities to terminate the sale and return funds, arguing that Trump’s promotion of the token constitutes soliciting money for personal gain rather than selling a tangible product.
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This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
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