Bitcoin News: Crypto Market Plummets $130 Billion Amid Trump’s Market Shakeup

The cryptocurrency market took a significant hit following Donald Trump’s announcement, with a massive $130 billion wiped out in just a few days. Here’s a closer look at the developments and their implications for Bitcoin and the broader crypto industry.

Trump Shakes The Markets: Crypto Industry Loses $130 Billion In Days

On April 2, the “Liberation Day” announced by Donald Trump did not bring economic liberation. Instead, it caused a global shockwave among investors, impacting both global and crypto markets. In just one week, the crypto market capitalization shrunk by $131 billion, bringing it down to $2.36 trillion, its lowest level since early March. Bitcoin (BTC) was not spared, experiencing its worst quarterly close since 2018, slipping below $82,000.

Bitbank to Coinbase: Brian Armstrong’s $48 Billion Job Post

In this segment from the Supply Shock newsletter, David Canellis discusses a 13-year-old job post by Brian Armstrong, pre-Coinbase, which called for changing the world. Armstrong wrote the post in desperate times, seeking to apply to Y Combinator with a prototype described as ’PayPal for Bitcoin’. The article also covers other topics including a Kenyan startup combining crypto mining with hydroelectric power and Gamestop’s Bitcoin buying spree.

Toulouse Becomes First European City to Accept Crypto for Public Transport

Toulouse residents will soon be able to use cryptocurrencies to pay for their travel around the city. On 17 March 2025, Toulouse’s public transport operator, Tisséo, announced that crypto payment services would be available for metros, buses, trams, and cable cars. Through this initiative, Toulouse has become the first European city to integrate digital currency into its public transportation system. The payment system launched by Tisséo enables users to purchase tickets through the Tisséo mobile app, which instantly converts payments made in Bitcoins (BTC) and over 70 other supported altcoins to Euros.

Strategy Acquires Nearly $2 Billion in Bitcoin, Total Holdings Reach 528K BTC

Strategy, the world’s largest corporate Bitcoin holder, has acquired 22,048 BTC for $1.92 billion at an average price of $86,969 per BTC. The company now holds a total of 528,185 BTC, valued at approximately $44.2 billion at the current market value. The acquisition comes after Strategy raised $711 million from its preferred stock offering in March. The massive purchase did not impact Bitcoin’s value, which is hovering around $82,098 after a slight decline.

Strategy Buys 22,048 BTC for $1.92 Billion

Strategy has made another massive Bitcoin purchase by adding 22,048 BTC to its holdings at a cost of $1.92 billion. This latest purchase brings the company’s total Bitcoin value to $43.42 billion or 528,185 BTC. Michael Saylor, Executive Chairman of Strategy, confirmed the purchase in a post. According to Saylor, the company acquired the Bitcoin at an average price of approximately $86,969 per coin. The purchase was completed on March 30, 2025, and Data shows that Strategy has now invested a total of approximately $35.63 billion in Bitcoin over the years.

GameStop Dives into Bitcoin Amid Market Volatility

GameStop announced plans to buy Bitcoin, citing it as a ’very profitable investment.’ The decision was unanimously approved by the board of directors, who plan to use corporate cash and future capital raises to purchase crypto assets. However, the announcement led to a 22% plunge in GameStop’s share price, its worst day since June. Despite the short-term market reaction, the move could be part of a longer-term strategy for the company’s turnaround. Bitcoin (BTC) was specifically mentioned in the announcement.