Bitcoin Reclaims $53K as Reddit Discloses Crypto Holdings and Trump Softens Stance
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Bitcoin reclaimed $53,000 on Monday, its highest level since December 2021, possibly helped by Reddit's disclosure of bitcoin holdings and Trump's softened stance.
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Reddit revealed ownership of bitcoin, ether, and Polygon's Matic in an SEC filing ahead of its IPO. The net value is considered immaterial.
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The Federal Reserve released an analysis of stablecoins like USDC and USDT, finding they operate as distinct markets with different characteristics.
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The DOE paused its bitcoin miner energy survey for a month due to a lawsuit citing potential business harm from disclosing sensitive data.
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Cryptocurrency exchange BitForex plunged into darkness amid a reported $57 million outflow, with customers unable to access funds or make withdrawals.