Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.
Bitcoin has dropped to $82,000 and is now trading at $82,092, with a narrowed 1% decrease in 24 hours.
U.S. President Donald Trump announced during an interview aboard Air Force One that he intends to impose tariffs on all countries this week. He stated that the move aims to observe the subsequent developments.
Crypto traders are flocking to the options market to hedge against further price declines, as President Donald Trump’s planned tariff announcements next week keep financial market on edge.
The open interest, or the total number of outstanding contracts, for put options with a strike price of $80,000 is the highest among contracts expiring on April 4, or two days after Trump’s promised announcement, according to data from the Deribit options exchange. The rush into puts, which give holders the right to sell within a set period at a specific price, suggests growing demand for downside protection.
Elon Musk clarified today that the US government has no plans to use Dogecoin, addressing speculation that links the popular crypto asset—which he has long endorsed—to the Department of Government Efficiency (DOGE) project he is currently leading. “There are no plans for the government to use Dogecoin or anything, as far as I know,” Musk said, speaking at an America PAC town hall in Green Bay, Wisconsin, on Sunday.
Banks supervised by the US Federal Deposit Insurance Corp. no longer need prior approval to engage in crypto-related activities, undoing a Biden-era policy that sought to minimize risks to banks and consumers.
“FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as cryptoassets and digital assets, provided that they adequately manage the associated risks,” the agency said in a statement.
Strategy founder Michael Saylor released information related to Bitcoin Tracker again on the X platform, stating, 'Need more orange.'
According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings on the day after relevant news is released.
The overall net outflow of the US Bitcoin spot ETF last Friday was $93.16 million. The total net asset value of Bitcoin spot ETFs is $94.39 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.68%.
The Bitcoin spot ETF with the highest net outflow on Mar. 28 was Fidelity Wise Origin Bitcoin Fund, with a net outflow of $93.16 million, according to SoSoValue.
SoSoValue
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