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