Today’s Crypto News
Michael Saylor’s firm, MicroStrategy, has paused its Bitcoin purchases amid global market turbulence. A legal filing dated April 7 shows that no Bitcoin was bought between March 31 and April 6. According to Strategy’s X profile, their last recorded Bitcoin purchase was on March 30.
This pause comes in response to former President Trump’s announcement of new tariffs, which triggered a 10% drop in Bitcoin’s price. Following the news, Crypto ETPs (Exchange-Traded Products) saw an outflow of $240 million. There was a brief market uptick when a false rumor spread on X suggesting a 90-day pause on the tariffs—but after the White House confirmed it was fake news, both the crypto and stock markets took another hit.
In case you’re unfamiliar, ETPs are financial products that track crypto assets and are traded on traditional exchanges. Bitcoin was hit the hardest, but interestingly, Toncoin saw an inflow of $1.1 million, signaling selective investor interest in specific digital assets.
In my opinion, it’s always wise to “follow the money.” It’s a strategy that has worked for many—and might work for you too.
In other news, Binance has partnered with Worldpay to allow users to deposit funds using Apple Pay and Google Pay. This could help Binance regain trust after its recent controversies. Personally, I still avoid the platform due to its past issues, but this move is definitely a step in the right direction.
Also making headlines: a recent Ripple report predicts that tokenized assets could surge to $19 trillion by 2033. That’s a massive number in just eight years—but with the way digital assets are evolving, it’s definitely possible.
That wraps up today’s crypto news. As always, I want to remind everyone to do your own research (DYOR). What I write here reflects my personal views and is not financial advice.
Thanks for reading,
Crypto King
