US President Donald Trump was supposed to enter into a golden age of encryption. Although the organizational stars are in line with, the encryption industry has just witnessed the worst for years.
Bitcoin (BTC and ETHER (ETH) prices have scored the worst Q1 in seven years, the market morale has decreased to its lowest point since the last bear market, and Coinbase has witnessed its worst sales since the FTX disaster.
With the last quarter in books, investors look forward to positive incentives for Bitcoin and the broader market. This can come in a seasonal spring form, and more clarity on the TROMP tariff policy and transfer the policy of policy in the Federal Reserve.
Coinbase shares has suffered from the worst quarter since 2022
Coinbase, which has long been considered Bellweether, has decreased important for the encryption industry, by 33 % in the first quarter despite reporting the basics of strong business and strong revenue expectations. As CointeleGRAph said, it was the worst annual decrease since the FTX exchange collapsed in late 2022.
Like other non -encryption businesses, Coinbase's performance suffers from Trump's identification war pressures, volatile digital asset prices and recycling financial conditions from the previous quarter.
Besides these short -term winds, though, Coinbase is prosperous. The company's revenues multiplied more than twice in 2024, reaching $ 6.6 billion. Its modified profits rose to $ 3.3 billion, representing two consecutive years of growth.
The year of the currency of the coin so far. source: Google Financing
Trump is a family that supports Bitcoin Mining Project
Despite the fear and fluctuations that sweep the encryption markets, the Donald Trump family doubles its long -term investments in this industry.
On March 31, two of Trump's sons, Eric and Donald Junior announced that they support a new encryption project called American Bitcoin. The adventure is owned by the majority by HUT 8, a general encoding worker.
The advertisement said that the American bitcoin “aims to become the world's largest and most efficient Bitcoin mines in the world while building a strong strategic strategic reserve.”
Despite the decrease in encryption prices, it is difficult for investors to remain a decline in the industry with the Trump family invested severely. The family stands behind the Defi Project World Liberty Financial project, which collected a large group of digital assets that include ether, wipc (WBTC), AAVE (AAVE) and ChainLink (Link).
Cord chimneys more BTC
Tether Stablecoin Tether has strengthened its public budget in the first quarter by obtaining 8,888 Bitcoin, according to ONSAIN data that was later. certain By CEO Paulo Erdino. The company now owns 100,521 BTC approximately $ 8.7 billion.
Titr is able to obtain bitcoin and expand investment capital, due to the very profitable Stablecoin operations. The company made a profit of $ 13 billion last year against the backdrop of its huge property of US Treasury bonds.
Despite its success, Tether was the subject of negative reports by the media, industry and politicians. The last JPMorgan report argued that Tether will have to sell part of his Bitcoin holdings to comply with the upcoming American Stablecoin systems.
A spokesman for the company threw the cold water at the conclusion, and told Cointelegraph that JPMorgan understands “No Bitcoin or Tether”.
Gamestop is $ 1.5 billion to buy Bitcoin
Meme Stock Stock Corporation Meme Stock Gamestop is preparing to add Bitcoin to its public budget after completing a 1.5 billion dollar transfer debts.
Gamestop said: “The company expects to use clear returns from supply for public companies, including Bitcoin's acquisition in a way that is consistent with the investment policy in the company.”
Gamestop Board of Directors approved the Bitcoin investment plan last month. The approval of obtaining the company that was reincarnated in the US dollar.
In addition to raising debts to buy Bitcoin, Gamestop has alluded to the use of part of its $ 4.8 billion cash reserves to finance future acquisitions.
Gamestop shares have seen severe volatility since March 26, when the company first unveiled its plan to get BTC. source: Google Financing
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