In today’s crypto market update, Bitcoin is hovering around $65,000 as tariff uncertainty pressures risk assets after Donald Trump raised global tariffs despite a ruling from the Supreme Court, keeping trade tensions elevated with partners including China. Major altcoins also moved lower, reflecting broader market caution, while search data from Google shows U.S. interest in “Bitcoin” hitting record highs during the recent dip, historically a signal that has aligned with past market bottoms in the United States. Meanwhile, Tom Lee’s firm continues aggressively accumulating Ethereum, with BitMine purchasing tens of thousands of ETH in its largest weekly buy this year as it builds a treasury strategy heavily weighted toward the asset. On the institutional front, BNP Paribas Asset Management has launched a tokenized share class of French money-market funds on public blockchain infrastructure, signaling growing interest from traditional finance in integrating regulated products with on-chain systems. Overall, the latest developments highlight a crypto market balancing macroeconomic pressure, rising institutional experimentation, and shifting investor sentiment signals.
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Crypto Market Update: Bitcoin Bottom Signal? Institutional ETH Accumulation Explodes
Thanks Jeremy.
Here's a look at your crypto daily download.
Bitcoin is seesawing around $65,000 as tariff uncertainty weighs on risk assets.
President Trump raised the global tariff rate to 15% despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
Major cryptocurrencies including Ethereum, XRP, Solana, Dogecoin, Cardano, and BNB also.
Decline.
Well, US searches for Bitcoin zero on Google hit a record high in February as BTC slid toward 60,000 after hitting a peak in October, and the rest of the world searches for the term peaked in August, suggesting fear is concentrated in the US rather than worldwide.
Similar US searches spiked in 2021 and 2022, and those coincided with bottoms.
Well, Bitcoin, chaired by funds.
Strats Tom Lee has continued its aggressive Ethereum buying spree.
Bitcoin said it bought 45,759 Ethereum last week for about $90 million its biggest weekly purchase of the year as the firm continues to build an Ethereum-heavy treasury.
BitMine now holds about $4.37 million Ethereum, around 3.6% of the circulating supply, and BMP Paribas Asset Management has issued a tokenized share class of French domiciled.
Market funds recorded on public blockchain infrastructure.
The initiative relies on a permission access model on Ethereum restricting holding and transfers to authorized participants within a regulated framework.
The company said this approach allows BNP Paribas and its asset management unit to assess how public networks can be integrated into regulated financial structures, and that is the latest crypto daily download headlines.