The cryptocurrency market is showing mixed trends ahead of Donald Trump's proposed reciprocal tariffs. Meanwhile, MicroStrategy, the world's largest Bitcoin (BTC) holding company, has once again purchased BTC worth 2 billion dollars. MicroStrategy continues to buy BTC for the third consecutive week amid market observation.
According to CoinMarketCap, a global cryptocurrency market tracking site, as of 8 AM on the same day, BTC was trading at $82,386.51, up 0.01% from the previous day. At the same time, Ethereum (ETH), the leading altcoin, recorded $1,824.01, up 1.10%. XRP dropped 2.08% to $2.082 per coin.
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On the domestic exchange Bithumb, BTC recorded 122,816,000 won, down 1.13% from the previous day. ETH dropped 0.73% to 2,719,000 won, and XRP was trading at 3,102 won, down 1.30%.
With President Trump scheduled to announce reciprocal tariffs on the 2nd, increasing external economic uncertainty has led the cryptocurrency market to continue fluctuating without a clear trend.
During this period, MicroStrategy announced that it purchased approximately 22,000 BTC from the 24th to the 30th of last month. The average purchase price was around $87,000 per coin, with a total purchase amount of approximately $192 million (about 2.83 trillion won). As a result, MicroStrategy's BTC holdings increased to 528,185 coins. The value of its held assets is about $35.6 billion. Previously, the on-chain prediction market Myriads forecast over a 92% possibility that MicroStrategy would continue to purchase Bitcoin in the last week of March.
According to Saylor Tracker, MicroStrategy had paused BTC purchases for several weeks in February but has now resumed purchasing for three consecutive weeks. About a month ago, they purchased 20,350 BTC at $97,500 per coin. This purchase is similar in quantity but about $70 million less in total purchase amount.
Meanwhile, the Crypto Fear and Greed Index from cryptocurrency data analysis firm Alternative.me rose 2 points from the previous day to 32 points, maintaining a state of fear. This index indicates that the closer to 0, the more contracted the investment sentiment, while closer to 100 indicates market overheating.
- Reporter Do Ye-ri
- yeri.do@sedaily.com
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