Bitcoin Plunges Below $92,500 as Institutions Invest and Regulators Warn

Crypto Market Update: Bitcoin Drops Below $92,500, Altcoins Also Down

According to The Economic Times, Bitcoin experienced a decline of 1.2% on Thursday, falling to $92,413. Ethereum also saw a decrease, dipping 0.8% to $1,766. Other major cryptocurrencies, including XRP and Dogecoin, were down by up to 4%. This downward movement comes after a period of volatility in the crypto markets, with Bitcoin previously topping $88,000 amid dollar weakness and altcoins facing additional pressure.

Market analysts note that the fundamentals of the crypto market remain resilient despite global turbulence. Notably, Robert Kiyosaki, author of "Rich Dad Poor Dad," has made a bold prediction that Bitcoin could double to $200,000 by 2025, drawing mixed reactions from crypto experts. Meanwhile, DWF Labs has made headlines by purchasing $25 million worth of Trump's World Liberty Financial tokens, signaling continued institutional interest in the sector.

Cryptocurrency	Latest Price	Change
Bitcoin	$92,413	-1.2%
Ethereum	$1,766	-0.8%
XRP, Dogecoin	--	Down up to 4%

Bitcoin and Ethereum both experienced declines.
XRP and Dogecoin dropped by up to 4%.
Institutional activity remains strong, with large token purchases and bullish predictions for Bitcoin's future price.

Key Takeaway: The crypto market is currently experiencing a downturn, with Bitcoin slipping below $92,500 and altcoins also facing losses. However, institutional interest and long-term bullish predictions persist. (Source: The Economic Times)

Leaked Documents Reveal Panic Over Trump’s Crypto Policies and Stablecoin Surge

Forbes reports that Bitcoin prices have swung dramatically since President Donald Trump took office, reaching over $90,000 per coin after previously falling below $75,000 in April. The volatility has led to growing concerns among global financial regulators, particularly regarding Trump’s embrace of Bitcoin and U.S. dollar-based stablecoins.

The European Central Bank (ECB) and the European Commission are reportedly at odds over the effectiveness of the EU’s Markets in Crypto Asset Regulation (MiCA) in the face of U.S. policy shifts. ECB President Christine Lagarde has warned that the proliferation of dollar-denominated stablecoins could trigger financial "contagion" and an exodus of European savings into U.S.-backed assets like USDT and USDC. Standard Chartered Bank research cited in the article projects the stablecoin market could grow from $230 billion to $2 trillion by the end of 2028 if pro-crypto U.S. legislation passes.

"Bitcoin has been surprisingly resilient throughout the trade war, holding up against altcoins and, more recently, against the S&P 500,” said Alex Svanevik, CEO of Nansen. “The ongoing positive news flows around bitcoin, notably the Treasury looking for ways to swap reserves into bitcoin, have likely helped.”

Bitcoin price topped $90,000 this week, after lows under $75,000 in April.
ECB calls for urgent rewrite of MiCA to address stablecoin risks.
Stablecoin market could reach $2 trillion by 2028, up from $230 billion.
Concerns over a potential U.S. dollar "confidence crisis" and financial system contagion.

Key Takeaway: Trump’s pro-crypto stance and the rapid growth of stablecoins are causing regulatory panic in Europe, with fears of financial instability and a shift of capital into U.S.-backed digital assets. (Source: Forbes)

Cantor, SoftBank, and Tether Launch $3.6 Billion Bitcoin Acquisition Venture

As reported by the Financial Times, Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is leading a consortium with SoftBank, Tether, and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle named Twenty One Capital. The venture will launch with 42,000 bitcoin, making it the third largest bitcoin reserve globally. The deal values the vehicle at $3.6 billion, based on a bitcoin price of $85,000.

Tether will contribute at least $1.5 billion worth of bitcoin, while SoftBank and Bitfinex will provide the remainder. The structure involves a reverse merger with Cantor Equity Partners, which raised $100 million last year. Additional funding includes a $385 million convertible bond and a $200 million private equity placement. Twenty One Capital aims to replicate the strategy of MicroStrategy, which holds tens of billions of dollars in bitcoin and has a market capitalization of $91 billion. Shares in Cantor Equity Partners rose 24% following the announcement.

Venture	Initial Bitcoin Reserve	Valuation	Key Contributors
Twenty One Capital	42,000 BTC	$3.6 billion	Tether ($1.5bn), SoftBank, Bitfinex

Twenty One Capital will be run by Jack Mallers, known for the Strike platform.
SoftBank, Tether, and Bitfinex will convert their bitcoin investments into shares at $13 (private placement) and $10 (convertible bond).
Bitcoin’s price peaked at about $106,000 after Trump’s election win, now trading at nearly $93,000.
MicroStrategy’s share price has dropped 27% from its record high in November.

Key Takeaway: The $3.6 billion venture by Cantor, SoftBank, and Tether marks a significant institutional move into bitcoin, aiming to capitalize on renewed interest and favorable U.S. policy under President Trump. (Source: Financial Times)

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