The drops in the price of gold and silver over the last two days liquidated gains of US$7 trillion from their markets. Some market analysts linked the massive sell-off in the metals to President Donald Trump's nomination of Kevin Warsh as a candidate for the presidency of the Federal Reserve of that country.
Analyst Joe Consorti noted that the decline in the market capitalization of precious metals was approximately four times the total capitalization of Bitcoin.
The OFAC sanctions high-ranking Iranian security officials, Babak Zanjani, and two cryptocurrency exchanges registered in the United Kingdom for aiding the IRGC and human rights abuses.
The OFAC states that the Zedcex exchange processed over US$94 billion since 2022 and that these actions block all properties and interests of designated individuals in the US, prohibit US transactions with them, and may expose violators to civil or criminal penalties.
The macro investment researcher, Jim Bianco, believes that unless Bitcoin adopts a different narrative from the recent adoption achievements, it is doomed to be relegated to the margins of the financial world, with no catalysts to support future price growth.
Bianco explained that markets behave like discount mechanisms, which means they price narratives long before events occur.
The researcher assessed that the movement that took BTC from US$25,000 to US$106,000 has ended, and that the rise of BTC to new record prices last year was part of a zombie rally, as what he calls smart money began to exit the cryptocurrency since December 2024.
Gold has been a refuge for millennia, but the portability and transparency of Blockchain put $BTC in a unique position. If you had to store your savings for 10 years without touching them, what would you trust more? 👇
Bitcoin fell more than 7% during weekend trading, while a new price drop liquidated US$800 million. Strategy's corporate treasury with over 700,000 BTC is now in the red against its aggregate cost base.
On-Chain College analyst noted that Bitcoin had now lost its real market average, that is, the aggregate cost base for the currently active supply of BTC. This is not good for Bitcoin's price action in the short and medium term.
The 10 absolute and unchangeable truths of Bitcoin.
1) Absolute Scarcity (21 Million): There will never be more than 21,000,000 bitcoins. The monetary policy is fixed, predictable, and non-inflatable; it does not depend on the decision of a central bank, but on an unchangeable algorithm. 2) Immutability of the History: Once a transaction has enough confirmations, it is mathematically impossible to reverse or modify. 3) Resistance to Censorship: Bitcoin is neutral. At the protocol level, it does not distinguish between "good" or "bad" users, nor between legal or illegal transactions. If you pay the fee and sign correctly, the transaction is processed.
🇸🇻 El Salvador acquired nearly 300 kilos of gold for USD 50 million, strengthening its national reserves through the diversification of physical assets.
📈 President Nayib Bukele stated that they purchased during a price downturn, maintaining a hybrid strategy alongside its bitcoin reserves.
Bitcoin fell below US$79,000 today due to the low liquidity over the weekend amplifying selling pressure, with traders pointing to tensions in the Middle East, political risks in the US, and persistent uncertainty specific to the crypto space.
Risk sentiment took a hit after reports of an explosion at the port of Bandar Abbas in Iran, a key maritime transport hub in the Strait of Hormuz that handles approximately one-fifth of the oil transported by sea globally.
The former CEO of Binance, Changpeng 'CZ' Zhao, has denied the accusations that the cryptocurrency exchange played a role in the largest liquidation event in the history of cryptocurrencies, a massive sell-off whose effects are still being felt in the markets more than three months later.
Zhao described the claims that Binance was responsible for the crash as ridiculous. Since the market-wide sell-off, cryptocurrency prices have struggled to recover.
🇺🇸 The U.S. Offers Venezuelan Oil to India – A Smart Move!
⚡ The United States proposes Venezuelan oil as an excellent alternative to Russian crude!
💪 This strategic shift ensures stable supplies for India in the face of tariff pressures – a mutual victory that strengthens energy security and global cooperation!
💥The company Strategy has acquired 2.932 additional #Bitcoin equivalent to over US$260 million. Strategy accumulates 712.647 BTC 🐳 equivalent to over US$62.000 million, at an average price of US$76.037 per BTC.