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Crypto Daily|Bitcoin Tops $102k Amid Dollar Slump; Saylor Open to Crypto Advisor Role Under Trump

Tiger Newspress01-07

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin surges past $102,000 as the dollar sinks on Trump tariff news

The macroeconomic factors continue to loom large in Bitcoin's continually evovling lifecycle as an asset increasingly favored by Wall Street.

Case in point: A report by the Washington Post that President Trump's tariffs might not be as widespread as once thought triggered a dip in the dollar and a near-immediate 2% swing in Bitcoin's price. President Trump later refuted that report and Bitcoin pared gains in evening trading.

MicroStrategy Buys 1,070 BTC, Plans to Raise Up to $2B Through Preferred Stock Offering

MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the ninth consecutive week.

MicroStrategy holds more bitcoin than any other publicly traded company. In the week ending Jan. 5, MicroStrategy purchased a further 1,020 BTC for $101 million, bringing its total bitcoin holdings to 447,470 BTC.

It wouldn't be a Sunday without Executive Chairman Michael Saylor teasing the announcement in a post on X. The average purchase price of the bitcoin was $94,004, which raised the average price to $62,503.

Microstrategy’s Michael Saylor Open to Crypto Advisory Role in Trump Administration

Michael Saylor, Executive Chairman and co-founder of Microstrategy, the public company that holds the most bitcoin, remains open to taking a crypto advisory role in the upcoming Trump administration.

In a recent interview with Bloomberg, Saylor was inquired about his political views and possible involvement with the upcoming administration. When asked if he had met with President Trump, Saylor smirked, denying to disclose if these contacts were taking place.

Riot Platforms’ bitcoin reserve swells in 2024

Riot Platforms (NASDAQ:RIOT) produced 516 bitcoins in December, up 4% from 495 bitcoins produced in November, but down 17% from 619 bitcoins produced in December 2023.

As of month-end, the company held 17,722 bitcoins, including 5,784 bitcoins acquired in December 2024. That represents a 141% growth in bitcoin held compared to the end of 2023.

Avg. operating hash rate over the month was 27.4 EH/s.

Bitcoin Spot ETF Flow

Yesterday the net inflow of the US Bitcoin spot ETF was $987.06M. The highest net inflow on Jan 6 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of $370.24 million. Following that was iShares Bitcoin Trust , with a net inflow of 209.08 million, according to SoSoValue.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Reglloyd
    ·01-08
    Bitcoin!!! To Be or Not to Be....you decide, & while you're deciding, just remember Bitcoin/Microstrategy  is a long play....15-20 years from now!  Microstrategy's no 1 Strategy is to find an asset class that grows over time , outpaces the S&P 500 or any other Exchange and simultaneously protects the wealth any Business  generates over time going forward versus the slow demise of a business over time, and there are many reasons for this namely, a CEO with no vision, lack of R&D to develop or improve or release a new product, and then finally two of the largest factors eroding investor & business's Cash reserves and their base currency over time referred to are ever rising Taxes & Inflation. Taxes may well be a debate for another day as American citiz
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    • Reglloyd
      Hi Eva_nana , a cold wallet like the Tangem 3 card , you become your own bank , or buy 1 of the spot Bitcoin ETF’s ( ongoing management fees here ) & finally Microstrategy, because of the leverage Mstr uses it is 2.5 x more volatile than Bitcoin itself , so time your entry on a 15% correction of BTC
      01-08
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    • fizzloo
      Wow, such deep insights! Love this perspective! [Heart]
      01-08
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    • Eva_nana
      Thank you for sharing. May I ask if there are any recommended ways to enter Bitcoin now
      01-08
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  • Get real! He can't be "Crypto Advisor". He's a Bitcoin Maxi, and knows nor cares about the rest of the crypto space. Too bad Vitalik isn't a US citizen but they should grant him honorary citizenship and make him a crypto advisor. He's fair and balanced and doesn't just blindly advocate Ethereum or diss other chains and networks. Saylor should definitely not be at any such position. Another option is Brian Armstrong from @coinbase. I'm not his biggest fan but he does come with power, clout, knowledge and is plugged in & had influence and powerful friends.
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    • BTC_Sandy
      together let’s be strong! Go crypto!
      01-07
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  • Saylor could become US treasury secretary.  He managed microstrategy treasury so well.  
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