This time last week, Bitcoin had just endured a rough stretch of days as the price plunged and ETFs outflows hit a new all-time peak. The following day, President Trump pumped the price of Bitcoin and other top assets with one Truth Social post (well, two posts), and the crypto faithful were riding high again.
And then it all came crashing back down on Monday as the traditional markets opened and reality struck. That was sort of the vibe all week, as Trump flip-flopped on tariffs against America’s neighbors while inflation fears hovered in the background. Traders had to keep their head on a swivel as markets shifted with each new pivot.
By the time Trump signed his executive order late Thursday to formally establish the strategic Bitcoin reserve and separate crypto stockpile for altcoins, traders sold the news, seemingly tapped out after a wild recent stretch of events. And while Friday’s White House crypto summit provided clarity on how Trump’s administration views Bitcoin and plans to proceed around IRS rules and legislation, it didn’t boost prices.
This Week in Bitcoin: Trump Tariffs and Reserve Plans Rock the Markets as ETFs Bleed
President Trump made good on his Bitcoin promise and signed an executive order to establish a reserve—but the price cooled and ETFs are still in the red.
The Next Doge? Meme Shiba Inu Owner's New Pup Inspires Official Cocoro Coin
Base meme coin Cocoro is the officially licensed token of the dog owned by Atsuko Sato, the woman who owned the original Doge pup.
Public Keys: Strategy Skips the Bitcoin Dip as Circle Marks Its Spot
This week, Strategy skipped the Bitcoin dip, Block Inc. prepares for its mining chip rollout with Core Scientific, and Circle visits D.C.
Trump Plans to 'Rescind and Amend' IRS Crypto Tax Rules, Sign Stablecoin Bill By August
President Donald Trump detailed how the U.S. plans to assert crypto leadership leadership during a first-ever White House crypto summit.
From our partner
Introducing Grayscale Bitcoin Miners ETF (ticker: MNRS). MNRS provides exposure to Bitcoin Miners and the global Bitcoin Mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
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