Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Crypto Market Recap: US Loses $2 Billion in Bitcoin Amid Tariff Shock, Pakistan Bets on Mining

by admin April 10, 2025
April 10, 2025
Crypto Market Recap: US Loses $2 Billion in Bitcoin Amid Tariff Shock, Pakistan Bets on Mining

Here’s a quick recap of the crypto landscape for Wednesday (April 9) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) has halted its recent slight recovery, priced at US$77,268.18 and down 2.8 percent in 24 hours. The day’s range has brought a low of US$74,772.55 and a high of US$79,968.91.

Bitcoin performance, April 7, 2025.

Chart via TradingView

Bitcoin has seen sharp volatility amid rising global trade tensions, with US–China tariff escalations fueling fears of a trade war. Investors are retreating from risk assets, while rumors of major institutional sell-offs have added further pressure to its price.

Ethereum (ETH) is priced at US$1,479.31.90, a 5.7 percent decline over the past 24 hours. The cryptocurrency reached an intraday low of US$1,398.62 and a high of US$1,575.01.

Altcoin price update

  • Solana (SOL) is currently valued at US$107.17, down 4.0 percent over the past 24 hours. SOL experienced a low of US$101.86 and a high of US$110.64 on Wednesday.
  • XRP is trading at US$1.83, reflecting a 6.4 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.73 and a high of US$1.95.
  • Sui (SUI) is priced at US$1.97, showing an increaseof 3 percent over the past 24 hours. It achieved a daily low of US$1.87 and a high of US$2.08.
  • Cardano (ADA) is trading at US$0.5748, reflecting a 7.6 percent free fall over the past 24 hours. Its lowest price on Wednesday was US$0.5406, with a high of US$0.6155.

Crypto news to know

Trump’s tariff shock wipes US$2 billion from US Bitcoin stash

The US government’s Bitcoin holdings have dropped by nearly US$2 billion since April 2 —dubbed “Liberation Day” by President Trump— following a steep market selloff triggered by the global tariff announcements.

According to Arkham Intelligence, the 198,012 BTC held by federal agencies declined in value from US$17.24 billion to US$15.21 billion in just under a week as Bitcoin slid from over US$87K to below US$77K.

Trump’s executive order earlier in March established a strategic Bitcoin reserve sourced from seized assets, further tying federal coffers to crypto price swings.

The losses come as the administration ramps up global economic pressure, testing the volatility of its newly created digital reserve.

Pakistan taps Bitcoin mining and AI to solve power woes

Pakistan is turning to Bitcoin mining and AI data centers as a solution for its surplus electricity problem, aiming to repurpose excess power into revenue-generating infrastructure.

Bilal Bin Saqib, head of the country’s Crypto Council, told Reuters that mining sites will be selected based on regional energy overcapacity, with former Binance CEO Changpeng Zhao advising on the initiative.

Despite regulatory ambiguity, Pakistan ranks among the top 10 countries in global crypto adoption and boasts over 15 million users.

The move also emphasizes youth blockchain upskilling and fostering innovation in fintech through regulatory sandboxes to boost exports and economic resilience.

Kraken and Mastercard bring crypto spending to 150 million merchants

Crypto exchange Kraken is teaming up with Mastercard (NYSE:MA) to roll out crypto debit cards across the UK and Europe, enabling users to spend digital assets at more than 150 million merchants.

The partnership builds on Kraken Pay, which allows seamless crypto-to-fiat transactions in over 300 currencies. The new physical and digital cards—set to launch in the coming weeks—are aimed at expanding crypto’s real-world utility and normalizing digital asset payments.

Kraken CEO David Ripley views this as a critical step toward integrating crypto into everyday commerce, while Mastercard underscores its commitment to innovating in digital finance and supporting blockchain initiatives across its global network.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Successful completion of Lac Carheil drilling program
next post
Ahead of Trump admin-Iran talks, new report says Iran nuclear threat rises to ‘extreme danger’

Related Posts

Missing Silver Bars Bring Mining Community Together

March 8, 2025

Top 5 Canadian Mining Stocks This Week: Group...

May 11, 2025

Juggernaut Further Increases Oversubscribed Financing to $10,329,735 Due...

May 16, 2025

SilverCrest Metals: Gold, Silver vs. Fiat — We...

May 31, 2024

Top 5 Manganese Reserves by Country

May 2, 2025

Bitcoin Well Announces At-The-Market Equity Program

March 29, 2025

Cosmic Clue: Magnetar Flares May Forge Gold, Platinum...

May 8, 2025

HyProMag USA Receives “Make More in America” Domestic...

June 13, 2025

Cobalt Reserves: Top 3 Countries

February 18, 2025

NorthStar Gaming Announces Results of Annual Meeting and...

June 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The NASDAQ 100, On The Brink Of A Breakout, Needs Help From This Group

      June 22, 2025
    • Trump addresses nation on ‘spectacular military success’ of US strikes on Iranian nuclear facilities

      June 22, 2025
    • Trump follows through: US hits Iran’s nuclear sites ahead of national address

      June 22, 2025
    • Misdirection and ‘deception’ likely key in Trump admin’s surprise Iran strike

      June 22, 2025
    • Trump attacks Iran nuclear sites: Are our troops in danger from retaliatory strikes?

      June 22, 2025

    Categories

    • Business (992)
    • Investing (2,440)
    • Politics (3,027)
    • Stocks (1,086)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved