Coindesk

Bullish bitcoin (BTC) options strategies are becoming popular again, stabilizing a crucial sentiment indicator that indicated panic early last week.BTC has bounced to over $84,000 since probing lows under $75,000 last week. The recovery comes as the bond market chaos supposedly forced President Donald Trump to capitulate on tariffs just days after announcing sweeping import levies on several nations, including China. Late Friday, The Trump administration issued new guidelines, sparing key tech products like smartphones from his 125% China tariff and baseline 10% global levy. Hours later, Trump refuted the news, suggesting no relief on tariffs.Still, the price recovery saw emboldened traders chase upside in BTC through the Deribit-listed call options. A call gives the purchaser the right but not...

Crypto traders were reminded of Terra’s LUNA early Monday as trendy real-world asset upstart Mantra’s OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running abound among crypto circles.OM plunged from over $6 to just over 40 cents late Sunday to early Monday in typically low liquidity hours for the crypto market — where outsized volumes can trigger massive price movements in either direction.“We want to assure you that MANTRA is fundamentally strong,” the team said in an X post following the price drop. “Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are...

Bitcoin (BTC) is flat as East Asian markets open for the week, trading above $84K, as the White House presents mixed messages on semiconductor and technology component tariffs.Over the weekend, Commerce Secretary Howard Lutnick said that the White House’s decision to exempt items like smartphones, computers, and the semiconductors that power them from tariffs was a temporary measure.President Trump confirmed it later in a press briefing, stating that the tariff rate would be announced next week, but there would be some "flexibility" on the matter."The market saw a material rebound as popular consumer electronics categories were exempted from the 125% tariffs on China," BTSE COO Jeff Mei told CoinDesk in a Telegram message. "Even after Trump mentioned that they would...

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility.Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively.While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the wider crypto market has fallen by a little over 30%, based on the CoinDesk 20 (CD20) index.The tokens, which are backed by...

Bitcoin (BTC) proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings.The company has added 80,785 BTC to its balance sheet since the beginning of the year after raising a total of $7.69 billion during the first quarter, with over half of that coming from common stock sales. Most, if not all, of those funds were used to buy bitcoin.On Sunday, Saylor posted a BTC holdings tracker to X, a move that typically precedes a purchase announcement, commenting there are “no tariffs on orange dots.”...