By cryptoaiupdates.com
1. Bitcoin Dips Below $104K Amid Market Volatility
Bitcoin (BTC) experienced a significant drop, falling below the $104,000 mark, triggering over $600 million in liquidations across the crypto market. This downturn is attributed to escalating global trade tensions, particularly U.S. tariffs on Chinese steel and aluminum, which have rattled investor confidence. Despite this, BTC has shown resilience, rebounding to approximately $104,773. Mudrex+6CoinDesk+6FingerLakes1+6FingerLakes1
2. Ethereum Faces Pressure as SharpLink Plans $1B ETH Purchase
Ethereum (ETH) is currently trading at around $2,544.1, experiencing a slight decline. In a notable development, iGaming giant SharpLink has filed with the U.S. SEC to raise $1 billion to purchase more Ethereum for its treasury, signaling strong institutional interest in ETH despite recent market fluctuations. Crypto Basic
3. XRP Sees 4% Decline Amid Market Sell-Off
XRP has dropped to $2.14, marking a 4% decline over the past 24 hours. This decrease aligns with a broader cryptocurrency market sell-off triggered by escalating global economic tensions. FingerLakes1+1CoinDesk+1
4. U.S. Establishes Strategic Bitcoin Reserve
President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, utilizing seized crypto assets from criminal and civil cases. This move positions the U.S. as a pioneer in recognizing cryptocurrency as a strategic asset, with the government currently holding approximately $21 billion in digital assets, including $20.4 billion in bitcoin. Wikipedia+5The Washington Post+5Wikipedia+5
5. Nigel Farage Proposes ‘Crypto Revolution’ for London
At the Bitcoin 2025 conference in Las Vegas, Reform UK leader Nigel Farage pledged to spearhead a “crypto revolution” in Britain. He announced plans to integrate cryptocurrencies into the financial mainstream, including the establishment of a national bitcoin reserve within the Bank of England and accepting crypto donations for his party. The Times+1WSJ+1
6. Pakistan Launches Strategic Bitcoin Reserve
Pakistan has unveiled its first government-led Strategic Bitcoin Reserve, allocating 2,000 megawatts of surplus electricity for bitcoin mining and AI data centers. This initiative aims to position Pakistan as an emerging player in the crypto economy, with the Pakistan Crypto Council overseeing the integration of blockchain technology into the financial landscape. Wikipedia
7. BexBack Offers High-Leverage Trading Amid Bitcoin Surge
As Bitcoin stabilizes above $100,000, BexBack Exchange has introduced a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on cryptocurrency trading. These offerings aim to attract traders looking to capitalize on the high-volatility market. GlobeNewswire
8. Crypto Market Cap Declines by 2.58%
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.24 trillion, down by 2.58% over the last day. This decline reflects the recent market volatility and investor caution amid global economic uncertainties. BinanceCoinDesk
9. Bitcoin Solaris Gains Momentum with Nova App Launch
Bitcoin Solaris (BTC-S) is gaining traction as it nears the completion of Phase 5 of its limited presale, raising over $1.2 million from more than 11,000 participants. The upcoming launch of its Nova App aims to shift focus away from short-term hype towards sustainable, long-term value creation. GlobeNewswire
10. Vice President JD Vance Champions Crypto Movement
At the Bitcoin 2025 conference, U.S. Vice President JD Vance pledged strong support from the Trump administration for the cryptocurrency industry. He emphasized cryptocurrency as a hedge against inflation and poor policymaking, signaling support for the GENIUS Act—a bill establishing a regulatory framework for stablecoins. The Guardian+4WSJ+4The Times+4
