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Crypto News
Bitcoin Surges Above $85,000 in Short Spike
Bitcoin briefly surged above $85,000, currently trading at $84,369.
Trump Family Deepens Crypto Ties With Nearly $1 Billion on the Line
The Trumps’ crypto investments span a wide range, including nonfungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, Bitcoin mining, and a couple of meme coins.
The investments are overseen by President Donald Trump‘s two eldest sons and Allen Weisselberg, the long-serving CFO of Trump’s real estate company. Their collective projects are reportedly approaching $1 billion in paper gains, as per a recent Bloomberg report.
Michael Saylor Hints At Another MicroStrategy Bitcoin Purchase, BTC Price To Rally?
MicroStrategy CEO Michael Saylor has dropped clues that the software company will continue its Bitcoin accumulation spree. In an X post, Saylor shared MicroStrategy’s portfolio tracker revealing the company’s Bitcoin holdings and valuations.
Michael Saylor’s previous posts sharing Microstrategy’s portfolio tracker over the weekend have resulted in purchases at the start of the week. Investors are lapping up Saylor’s portfolio tracker post and the accompanying caption as cues for a BTC purchase on Monday.
Swedish MP Proposes Adding Bitcoin to National Foreign Reserves
Sweden may soon join the growing list of countries exploring Bitcoin-backed national reserves following a formal proposal by Swedish Member of Parliament Rickard Nordin.
In a letter dated April 8 and addressed to Finance Minister Elisabeth Svantesson, Nordin advocated diversifying the country’s foreign exchange reserves by including Bitcoin, citing its growing global importance.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on last Friday was -$1.03 million. The total net asset value of Bitcoin spot ETFs is $93.36 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.61%.
The Bitcoin spot ETF with the highest net outflow on Apr. 11 was ARK 21Shares Bitcoin ETF , with a net inflow of $11.28 million.