US president’s election Donald Trump should be inquired in a golden crypto era. Although the The regulations that stars are alignedThe crypto industry has only experienced the worst quarter in years.
Bitcoin prices (Btc) and ether (Eth) recorded their worst Q1 in seven years, the sentiment on the market has fallen to its lowest point since the last bear market, and Coinbase’s stock has experienced the worst sale since the FTX debread.
In the first quarter finally in books, investors expect positive catalysts for Bitcoin and wider markets. It can come in the form of a desirable pier Trump’s tariff policy and shifts air to the federal reserve.
Coinbase’s stock suffered in the worst quarter since 2022
Coinbase Stock, which has long been considered an important bell for the crypto industry, Rode 33% in the first quarter Despite reporting strong business foundations and a solid perspective on income. As Cointelegraph reported, it was the worst quarterly denial since the FTX exchange collapsed in late 2022.
Like other crypto-fashion businesses, Coinbase’s performance lost under Trump’s tariff war pressure, volatile digital asset prices and the overcrowding of financial conditions from the previous quarter.
Despite these short -term headwinds, Coinbase is emerging. The company’s revenue is more than double to 2024, reaching $ 6.6 billion. Its suitable income rose to $ 3.3 billion, marking two consecutive years of growth.
The newly -new year of coin stock today. Source: Finance on Google
Trump’s family supports Bitcoin mining adventure
Despite the fear and volatility that holds the crypto markets, Donald Trump’s family doubles long -term investment in the industry.
On March 31, two of Trump’s children Eric and Donald Jr., announced that they were Backing a new quest to crypto-mining Called American Bitcoin. The adventure owns the majority of Hut 8, a public crypto miner.
American Bitcoin “aims to be the largest, largest purely pure-playing Bitcoin Miner while building a solid Bitcoin strategic strategy,” the announcement said.
Although crypto prices have dropped, it is more difficult for investors to stay bearish in the industry with the Trump family who has invested so much. The family is behind the Defi project World Liberty Financialwith a combined Large portfolio of digital assets including ether, wrapped bitcoin (Wbtc), Ghost (Ghost) and chainlink (Link).
Tether stacks more btc
Stablecoin Issuer Tether Bolstered its sheet sheet In the first quarter by obtaining 8,888 bitcoin, according to onchain data eventually confirmed By CEO Paolo Ardoino. The company now holds 100,521 BTC worth nearly $ 8.7 billion.
Tether can get Bitcoin and expand the venture capital business thanks to a large part of its highly unique Stablecoin operation. The company generated $ 13 billion income last year behind its massive handling interest with interest US Treasury Bonds.
Despite its success, Tether has been the subject of negative media, industry and politicians reports. A recent JPMorgan report argued that Tether would be forced to sell a portion of its Bitcoin handling to comply with the upcoming US Stablecoin regulations.
A company speaker Thrown cold water to the conclusiontelling the cointelegraph that JPMorgan understands “either bitcoin or tether.”
Gamestop raises $ 1.5B for Bitcoin purchases
Video Game Retaile has become Meme Stock Gamestop Corporation is Poised to add bitcoin on its balance sheet after the end of a $ 1.5 billion of a changeable debt offer.
“The company hopes to use the net proceeds from the offer for the general purposes of the corporation, including getting bitcoin in a way that is in accordance with the company’s investment policy,” Gamestop said.
Approved by Gamestop Board The plan to invest in Bitcoin last month. The approval is also green-lighted the acquisition of the US dollar-denominated stablecoins company.
In addition to increasing the debt to buy Bitcoin, Gamestop indicated the potential use of a portion of the $ 4.8 billion cash reserves to fund future acquisitions.
Gamestop shares have experienced intense volatility since March 26, when the company first disclosed its plan to obtain BTC. Source: Finance on Google
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