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Bitcoin remained largely stable on Friday, reflecting muted risk appetite amid escalating trade tensions between the U.S. and China. Meanwhile, MicroStrategy (NASDAQ:MSTR) reported its fourth consecutive quarterly loss, though it continued expanding its Bitcoin holdings.
Bitcoin Market Update
- Bitcoin (BTC/USD): $97,742.7 (-0.3%) as of 00:35 ET (05:35 GMT)
- Market Sentiment: Weighed down by trade war fears and inflation concerns
- Safe-Haven Shift: Investors are cautiously positioning amid macroeconomic uncertainty
Trade War Fears Pressure Crypto Market
- President Donald Trump imposed a 10% tariff on Chinese imports, citing national security concerns.
- China retaliated with tariffs on U.S. goods, including LNG, coal, crude oil, and farm equipment.
- This intensified fears of a prolonged trade war, shifting focus towards safe-haven assets.
- Inflation concerns from tariffs could further impact market liquidity.
MicroStrategy Q4 Earnings: Fourth Straight Loss
- Q4 Net Loss: $670.8 million (vs. $89.1 million profit last year)
- Bitcoin Holdings: Increased to 471,107 BTC (valued at $45.6 billion)
- New Purchases: 218,887 BTC bought for $20.5 billion
- Impairment Charge: $1.01 billion (expected to be revised under 2025 accounting rules)
- Stock Performance:
- Wednesday Close: -3.3%
- Extended Trade: -1.4%
Future Plans:
- “Strategy” (rebranded MicroStrategy) aims to raise $42 billion via equity and debt over three years to continue its Bitcoin-focused strategy.
Altcoin Market Performance
- Ethereum (ETH): $2,833.5 (+1.7%)
- XRP: $2.4367 (-4%)
- Solana (SOL): -2.1%
- Polygon (MATIC): -1.4%
- Cardano (ADA): -0.4%
- Dogecoin (DOGE): -2%
Market Outlook
- Bitcoin’s price stability suggests investors are cautiously navigating macroeconomic headwinds.
- MicroStrategy’s aggressive BTC accumulation continues despite heavy losses.
- Altcoins remain volatile, mirroring Bitcoin’s lack of momentum.
- Geopolitical risks and U.S. economic data will be key factors driving crypto sentiment in the coming weeks.
