Crypto and market experts said that Trump’s arrival at the White House would bring historic surges in the price of Bitcoin. But it seems the President of the United States has gotten off on the wrong foot to achieve that goal.
This is just one of the stories from this week. But also:
- Trump builds a wall of tariffs
- Saylor and GameStop hoard Bitcoin
- Coin of the week: EOS
Shall we begin?
Trump builds a wall of tariffs… and the market reacts
It hasn’t even been three months since Donald Trump took office at the White House, and the U.S. President has already picked fights with pretty much everyone.
On Wednesday night, he announced—with a big display—the tariffs he will impose on countries that don’t negotiate with the U.S. to avoid them. In short: 34% on Chinese products, 20% on European goods, and a general 10% tariff for the rest of the world. Yes, including those at war or territories inhabited by penguins 🐧
The markets didn’t take long to react, with multiple drops on what is already being called “Black Thursday,” the day of Trump’s liberation.
Bitcoin wasn’t immune to the slump, dropping nearly 5% from Wednesday to Thursday and landing at $82,000, before bouncing back in the afternoon to reach $84,000. The rest of the crypto market followed suit, with coins like XRP (-6%), Solana (-10%), and Dogecoin (-8%) taking the hardest hits.
In this scenario, is it time to buy? As we always say: the smartest move is to set up a recurring purchase strategy—and this could be a great moment to grow your crypto portfolio by taking advantage of the market’s volatility.
Michael Saylor goes shopping (again)
Volatility doesn’t seem to affect Michael Saylor—or he simply knows how to use it to his advantage. The visionary behind Strategy has taken another step in his mission to hold Bitcoin by acquiring 22,000 BTC, an investment worth approximately $2 billion ✊💎
This move, which won’t be the last in the coming weeks, reflects Saylor’s unwavering belief in Bitcoin’s long-term value as a backup asset and store of value for his company.
And Saylor isn’t the only one going all-in on Bitcoin.
GameStop has raised $1.5 billion through a convertible debt offering, and part of the funds will be used to buy Bitcoin. The company is following in the footsteps of others like Strategy and hasn’t ruled out future purchases if market conditions align.
Coin of the week: EOS
EOS is up more than 40% in the past week, increasing its market cap to $1.27 billion and becoming one of the few cryptocurrencies to survive Trump’s infamous “Liberation Day.”
EOS’s strong performance has been driven by recent upgrades to the scalability and performance of the ecosystem’s decentralized applications, thanks to a new Delegated Proof of Stake consensus and a WebAssembly-based virtual machine—a type of code developed for modern browsers.
In addition, EOS is undergoing a rebranding process, with a core goal of integrating traditional banking and decentralized finance through next-generation smart contracts with sub-second finality and cross-chain interoperability.
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