Bitcoin rose modestly on Tuesday amid fresh buying by MicroStrategy (NASDAQ:MSTR) even as broader crypto markets cooled, weighed down by President Trump’s criticism of the Federal Reserve and U.S.–China trade tensions.
Market Snapshot
Bitcoin: +0.7% to $88,194.90 (01:33 ET / 05:33 GMT)
Broader Crypto: Altcoins drifted lower after lagging Bitcoin’s holiday rally
MicroStrategy’s $556 M BTC Purchase
Acquisition: 6,556 BTC for $555.8 million, funded via equity offerings
Total Holdings: Now 538,200 BTC on the balance sheet
Sentiment Boost: The buyback helped lift Bitcoin against the backdrop of its 5.6% YTD decline
Macro Headwinds Dampening Risk Appetite
Fed Independence Fears:
Trump’s team continues exploring removal of Fed Chair Jerome Powell, unsettling markets.
Tariff Uncertainty:
Ongoing U.S.–China trade dispute clouds economic outlook and demand for risk assets.
Legacy Losses:
MicroStrategy’s earlier disclosure of a nearly $6 billion unrealized crypto loss still looms over sentiment.
What’s Next
Investors will monitor:
Federal Reserve Commentary for clues on rate path and policy independence
U.S.–China Trade Talks for any easing or escalation that could sway risk flows
MicroStrategy Filings for further BTC purchases or equity raises
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