Bitcoin Plunges Below $87,000: Market Experts Warn of Further Decline Amid Economic Uncertainty
Bitcoin's dramatic 20% drop from its all-time high signals growing concerns over U.S. economic factors and a broader crypto market sell-off. While experts advise caution before buying the dip, some maintain optimistic long-term outlooks despite the current bearish sentiment.
Gen Z Embraces Crypto Over Traditional Retirement Accounts in Investment Shift
A YouGov study reveals that 42% of Gen Z investors hold cryptocurrency compared to just 11% with traditional retirement accounts. This dramatic shift in investment preferences coincides with Bitcoin's rise to $100,000 and increased mainstream acceptance of crypto assets.
Citadel Securities to Enter Crypto Trading as Major Exchange Liquidity Provider
Leading market maker Citadel Securities plans to expand into cryptocurrency trading on major exchanges like Coinbase and Binance, marking a significant shift in strategy. The move follows regulatory clarity under Trump's administration and builds on the firm's existing crypto ventures including partnerships with BlackRock and EDX Markets.
Musk Explores $5,000 DOGE-Funded Stimulus Checks Proposal
Elon Musk signals openness to discuss a plan with President Trump about distributing $5,000 checks to American taxpayers using government efficiency savings. The unprecedented proposal would tap into the Department of Government Efficiency's projected $2 trillion in cost reductions.
Trump Meme Token Announces President's Day Airdrop for Official Merchandise Buyers
The TRUMP meme coin project launches a President's Day promotion offering three tokens worth $48 to buyers of official Trump merchandise and collectibles. The initiative targets customers who purchased items like NFTs, sneakers and watches before February 15, with claims open until March 1.
Lawmaker Slams Trump and Musk Over Crypto Consumer Protection Concerns
A Democratic congresswoman criticizes Trump's meme coin venture and Musk's DOGE influence during a House hearing, highlighting cryptocurrency scams and weakened consumer protections. The debate intensifies between advocates of stricter regulation and those favoring reduced oversight.
Bitcoin Reserve Plan Emerges as Musk Sounds Alarm on U.S. Debt Crisis
Elon Musk expresses grave concerns over America's spiraling $36 trillion debt, while the Trump administration explores establishing a national Bitcoin reserve. The initiatives include a new Doge-inspired department led by Musk that has reportedly generated $100 billion in savings.
Crypto Investment Products Hit $1.3B Weekly Inflows Despite Trump Trade Tensions
Digital asset investment products maintained strong momentum with $1.3B in weekly inflows, led by Ethereum's $793M, despite market uncertainty around Trump's tariff rhetoric. The surge marks the fifth consecutive week of positive flows, pushing 2024's total to $7.3B while US dominates regional investments.
Trump Cryptocurrency Launch Creates Early Winners and Many Losers
Early investors in Trump's cryptocurrency reaped massive profits up to $109 million while over 810,000 later buyers lost billions as the token crashed. The controversial launch has sparked investigations amid questions about Trump's involvement and regulation violations.
Trump's New Crypto Czar Heralds Digital Asset 'Golden Age' with Regulatory Overhaul
David Sacks, Trump's newly appointed cryptocurrency czar, announces plans for comprehensive digital asset regulation reform aimed at fostering innovation while maintaining U.S. market leadership. The initiative includes establishing clear federal frameworks for cryptocurrencies and stablecoins through a dedicated regulatory working group.