Bitcoin News: Trump Tariffs and Trade Tensions Impact Cryptocurrency Market Sentiment

Crypto Daybook Americas: PumpSwap Brings in the Cash as Trump Tariffs Hang Over Bitcoin

With trade tensions escalating, Asian and European stocks extended last week’s declines. Japan’s Nikkei 225 fell 4%, taking it into correction territory. European indexes including the FTSE 100, DAX, and CAC 40 opened in the red alongside falling U.S. stock futures. The backdrop is President Donald Trump’s new tariffs, set to be revealed on April 2. The president plans to impose levies and tariffs on any country deemed to have an unfair trading relationship with the U.S. This global economic uncertainty has cast a shadow over the cryptocurrency market, particularly Bitcoin (BTC), whose price has been volatile in recent weeks.

Darknet Markets Return to Bitcoin After Monero Delisting

Darknet markets are increasingly returning to Bitcoin (BTC) due to rising liquidity and accessibility challenges associated with privacy-focused coins like Monero (XMR). According to Eric Jardine, cybercrime research lead at Chainalysis, after major exchanges delisted XMR, there was a significant increase in Bitcoin inflows. Many Western markets on the darknet had either fully moved to Monero or operated with it in parallel with Bitcoin before the delistings. The shift back to Bitcoin is due to reduced accessibility of Monero.

Crypto ETP Market Boosted by $226 Million Inflows Led by Bitcoin Resurgence

The crypto ETP market has seen a boost with $226 million in inflows, led by the resurgence of Bitcoin. According to CoinShares data, this marks the ninth straight day of inflows despite macroeconomic headwinds. Digital asset investment products recorded $226 million in inflows last week, with Bitcoin accounting for most of the activity, attracting $195 million in inflows. Meanwhile, short Bitcoin products saw $2.5 million in outflows, extending a four-week trend of declining bearish positioning. The flow reversal follows a broader market correction, which saw total assets under management across global Bitcoin ETPs fall. This indicates a cautious resurgence of institutional participation following record outflows earlier in the month.

Michael Saylor’s Company Adds 22K Bitcoin for $1.92B

Michael Saylor’s company continued its Bitcoin acquisition spree last week, adding 22,048 BTC for $1.92 billion at an average price of $86,969 each. The total holdings now stand at 528,185 BTC purchased for $35.63 billion, with an average price of $67,458 each. At the current price of around $82,000, these holdings are worth more than $43 billion. The latest purchase was mostly funded by additional common share issuance worth $1.2 billion and tapping the STRK preferred share ATM for $18.52 million. The company also closed on its STRF preferred share offering, raising $711.2 million. MSTR is down 4% premarket alongside Bitcoin’s roughly 3% decline in price since Friday. [Tagged Coins: BTC]

Marathon Files $2 Billion ATM Offering, Eyes Bitcoin Expansion

Bitcoin miner Marathon has filed a shelf registration with the U.S. SEC for an at-the-market offering of up to $2 billion in common stock. The offering will allow the company to issue shares periodically at prevailing market prices. According to Marathon’s prospectus, proceeds will be allocated for general corporate purposes, including acquiring Bitcoin, purchasing mining equipment, expanding facilities, or pursuing mergers and strategic investments. The ATM structure offers the company flexibility to raise capital opportunistically while avoiding fixed terms or pricing. Marathon has indicated that the capital raise aligns with its long-standing strategy of increasing its Bitcoin holdings and mining capacity.