The Daily: Trumps’ crypto wealth jumps $1.4B, Strategy makes biggest bitcoin buy in over a year, OG whale moves $85M in BTC, and more
Crypto markets saw Bitcoin dip below $90k while the Trump family's crypto wealth grew by $1.4B, Strategy made a major BTC purchase, and an old whale moved funds.Summary
The crypto market experienced a pullback, with Bitcoin falling under $90,000 and Ether below $3,000, though analysts view this as consolidation. In significant news, the Trump family's crypto-related wealth increased by approximately $1.4 billion since President Trump's return to office, now comprising about one-fifth of their estimated $6.8 billion net worth, largely driven by World Liberty Financial and the Official Trump memecoin. Meanwhile, Strategy executed its largest Bitcoin purchase in over a year, acquiring 22,305 BTC for $2.1 billion, bringing its total holdings past 709,000 BTC. Additionally, an early Bitcoin holder, dormant for 13 years, moved $85 million in BTC. Elsewhere, Coinbase CEO Brian Armstrong planned to meet with bank executives in Davos to resolve disputes over a U.S. crypto market structure bill, specifically concerning stablecoin interest yields, while Treasury Secretary Scott Bessent reaffirmed the administration's plan to expand the U.S. strategic Bitcoin reserve using seized assets.
(Source：The Block)