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Bitcoin Tops $87K as Fed and Trump Shift Policies

Bitcoin may be forming a price floor near $85,000 and could rebound toward $90,000, according to analysts citing easing US tariff rhetoric and Federal Reserve signals. Now Bitcoin climbed over $87K.

Saylor Hints at Impending BTC Purchase After Latest Capital Raise

Strategy co-founder Michael Saylor hinted at an impending Bitcoin purchase after the company raised additional capital this week through its latest preferred stock offering.

The executive shared a Sunday Bitcoin chart on X, hinting at another BTC purchase the following day — when traditional financial markets reopen — alongside the playful caption, “needs more orange.”

According to SaylorTracker, the company’s most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.

Coinbase Is in Advanced Talks to Buy Derivatives Venue Deribit

Coinbase Global Inc. is in advanced discussions to acquire crypto derivatives exchange Deribit, the world’s largest trading platform for Bitcoin and Ether options, according to people with knowledge of the matter.

The companies have notified regulators in Dubai about the discussions as Deribit holds a license there, which would be taken over by any acquirer, some of the people said. Coinbase is the biggest US-based crypto exchange, according to data platform Kaiko.

It wasn’t clear whether Coinbase has reached any final agreement with Deribit, which Bloomberg reported in January could be valued at around $4 billion to $5 billion, and the talks may not lead to a deal. The people familiar with the situation asked not to be identified discussing confidential negotiations.

Trump Boosts $TRUMP Memecoin by $400 Million with Truth Social Post, Sending Price Careening

President Trump made a rare direct reference to the Official Trump memecoin with a Truth Social post on Sunday, driving trading volume and sending the token's price rocketing upward, though it swiftly retreated in the hours following the post. 

Trump called the token "SO COOL" and "The Greatest of them all" with a post on Truth Social on Sunday morning, a rare direct reference to the token by the sitting President. "I don't know much about it other than I launched it," Trump told reporters in January. "I heard it was very successful. I haven't checked."

Following the post, the Official Trump token rose in price from $10.91 to about $12.11, an increase of about 11%, before retreating to its current value around $11.46 at time of publishing, for a total gain of around 5%, according to The Block's Official Trump Price Page.  The gain represents around $100 million in market capitalization.  

Fidelity Launches "OnChain" Ethereum-Tracked Shares for Treasury Money Market Fund

Fidelity Investments is launching an Ethereum-based blockchain share class called 'OnChain' for its Treasury money market fund, according to a recent regulatory filing with the U.S. Securities and Exchange Commission (SEC).

The asset management giant, which oversees approximately $5.9 trillion, will issue shares of its Fidelity Treasury Digital Fund (FYHXX) that are recorded on the Ethereum blockchain. The OnChain share class is designed to provide investors transparency and verifiable tracking of share transactions, although Fidelity will maintain traditional book-entry records as the official ownership ledger.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $83.09 million. The total net asset value of Bitcoin spot ETFs is $94.35 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.65%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on March 21 was iShares Bitcoin Trust (IBIT), with a net inflow of $104.99 million.

Source: SoSoValue