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Crypto News 04/29 | Bitcoin Spoofing, MicroStrategy Keeps Buying, Mastercard Partnership (2025)
Manage episode 479770568 series 3603843
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U.S. stock market performance was mixed due to company earnings reports and uncertainty about car tariffs.
The White House plans to ease some car tariffs. However, General Motors (GM) delayed its financial outlook and conference call because of trade policy uncertainty.
Market sentiment is complex, with concerns that tariffs could reduce consumer spending and increase inflation.
While technology stocks performed well, the Dow Jones Industrial Average and S&P 500 are expected to decline by the end of April.
Bitcoin is trading around $95,000, showing early signs of recovery.
Despite trade tensions causing a drop in risky assets, there's strong interest from institutional investors in Bitcoin.
MicroStrategy bought a significant amount of Bitcoin. BlackRock's IBIT spot Bitcoin ETF saw near-record inflows. Bitcoin ETFs, overall, had net inflows this week. This strengthens Bitcoin's reputation as a safe-haven asset.
The market is also watching possible market manipulation on the Binance exchange, such as fake orders.
The European Securities and Markets Authority (ESMA) released final guidelines on market abuse regulations for crypto assets (MiCA).
The United Arab Emirates launched a central bank-regulated dirham stablecoin. Mastercard is working with others to simplify stablecoin payments. These events show progress in regulation and adoption in the digital asset space.
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