The market opens the new week with cautious declines. Bitcoin (BTC) is trading around $63,114, updating its 24-hour low at $61,275 and high at $64,597. Ethereum (ETH) is also showing a slight correction, sitting at $1,764. However, the weekly trend remains positive: Ethereum gained 11.11%, and TRON became the daily leader with a 0.32% increase. Among the laggards is Dogecoin, losing 3.44% in 24 hours.
In the top 100, DeXe stands out with a daily gain of 10.67%, while the weekly champion is MemeCore, surging 90.78%. At the same time, Venice Token shows the worst weekly performance, dropping 13.91%. The overall picture points to mixed sentiment: investors are shifting from meme tokens to more fundamental projects.
Trump: From Skeptic to Crypto Enthusiast Under China's Influence
Former U.S. President Donald Trump acknowledged that his interest in cryptocurrencies is fueled by geopolitical considerations. At a press conference, he stated that if the U.S. does not take a leading position in this field, China will. Trump previously called Bitcoin a "scam," but now his family has built a major crypto business, and he personally earned over $1.4 billion from the industry last year.
U.S. Bitcoin Reserve: Bureaucratic Wars
The administration's plans to create a strategic Bitcoin reserve have encountered serious obstacles. The Treasury and Commerce Departments cannot agree on control over the asset. Trump's March executive order mandated placing the reserve within the Treasury, but doubts have arisen about its ability to manage such a volatile instrument. Now the Commerce Department is vying for this role. Recall that the U.S. already holds 328,372 BTC worth $21.1 billion—more than any other country. This dispute could slow down the ambitious plan to make America the "world's crypto capital."
Former Tether Director Sells Stake: A Rare Look at the Giant's Structure
Former Tether Chief Investment Officer Richard Heathcott plans to sell part of his 1.26% stake in the company. He left his post in March, transitioning to an advisory role. The deal could offer a rare glimpse into Tether's ownership structure, which remains private despite its massive profitability. The sale comes amid regulatory pressure in Europe: exchanges with MiCA licenses have begun delisting USDT after Tether refused to comply with local requirements.
Analyst's Comment: The political struggle for control over the Bitcoin reserve and the sale of a stake in Tether are two signals that institutional interest in crypto is growing, but accompanied by rising bureaucratic and regulatory risks. The market should prepare for increased volatility in the medium term.