First Mover Americas: BTC Revisits $67K on Leverage Flush, APE Options Fly

Jamie Crawley is a CoinDesk news reporter based in London.

The decline comes as a continued uptick in the U.S. Treasury yields dents the appeal of riskier assets. ETH and XRP have both fallen more than 3%, while SOL and DOGE are around 1.65% and 2.35% respectively. The CoinDesk 20 Index, which offers a weighted measurement of the broader crypto market, is down more than 2%. Over $165 million in longs were liquidated across crypto futures tracking major tokens in a sign of a leverage flush, according to data by Coinglass.

Stripe - finalized the purchase of Bridge in a $1.1 billion deal, demonstrating"stablecoins the leading use case for blockchains, particularly for cross-border payments," Bernstein analysts wrote. Bernstein noted that the Bridge deal is the largest crypto acquisition by a major payments company to date.

Trump has pledged to impose tariffs on imports, including a 60% fee on Chinese goods coming to the U.S., which, if passed, could add to domestic inflation, making it harder for the Fed to cut rates.Source: Bianco Research

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