Investing.com– Bitcoin price fell slightly on Tuesday, while a rally in no.2 token Ether also cooled as anticipation of key inflation readings this week kept traders largely risk averse, especially towards crypto.
Hype over the approval of an exchange-traded fund that directly tracks Ether also took a back seat, especially as the Securities and Exchange Commission now has to engage with fund managers over their applications to list such a potential product.
The SEC had last week approved applications from major exchanges to list a spot Ether ETF, which triggered a sharp rally in the token and broader crypto markets.
fell 1.3% in the past 24 hours to $67,901.9 by 01:15 ET (05:15 GMT). sank 2% to $3,844.48, also retreating from two-month highs hit over the weekend.
Rate fears mount ahead of inflation data
Fears of high-for-longer U.S. interest rates remained squarely in focus, especially ahead of key data due later this week.
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The reading is the Federal Reserve’s preferred inflation gauge, and is likely to factor into the central bank’s outlook on rates.
Sentiment towards crypto and other risk-driven assets was battered by growing fears that the Fed will keep rates high for longer, especially after a string of officials warned that sticky inflation will delay any monetary easing.
This notion also kept Bitcoin trading comfortably within a trading range established over nearly three months, and also limited bigger gains in Ether.
High rates bode poorly for speculative assets such as crypto, given that they limit liquidity that can be invested in the space, and also push up the attractiveness of conventional, low-risk investments such as the dollar and Treasuries.
Crypto prices took little advantage of a mild drop in the on Monday.
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Before the PCE data, inflation readings from , and are also due this week.
Crypto price today: altcoins, memecoins subdued
Broader crypto prices saw little action, as trading volumes were also subdued on account of market holidays in the U.S. and the UK.
Altcoins and rose less than 1% each, while meme tokens and traded in a flat-to-low range.
Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News
Interchain Labs, Asymmetric Research, and SEAL Alliance Publish Report on Contained DPRK-Linked Social Engineering Attempt; Report Confirms No Impact on Cosmos Stack Security – Branded Spotlight Bitcoin News
Fake wallet apps ask for your 12-word phrase and quietly drain your crypto funds
CRIL found over 20 Play Store apps built solely to steal users’ crypto credentials
Malicious apps used WebView to fake real login pages from PancakeSwap and others
New research by Cyble Research and Intelligence Labs (CRIL) has uncovered a large-scale phishing campaign involving more than 20 Android applications listed on the Google Play Store.
These apps, which appeared to be legitimate cryptocurrency wallet tools, were created with a singular purpose: stealing users’ mnemonic phrases, the crucial 12-word keys that provide full access to crypto wallets.
Former US President Donald Trump has disclosed nearly $60 million in income from his involvement in a cryptocurrency venture, shedding light on how he and his family continue to benefit from the digital asset industry. The Financial Times reported on Friday that Trump’s annual financial disclosure reveals $57.4 million earned through World Liberty Financial (WLF), a cryptocurrency enterprise backed by Trump alongside his sons Donald Jr. and Eric.
The detailed filing, exceeding 200 pages and published by the US Office of Government Ethics, shows Trump holds 15.75 billion governance tokens in WLF, granting him substantial voting rights in the operation. The cryptocurrency venture stands as one of Trump’s largest income sources, alongside revenues from books and real estate investments.
Trump’s financial ties to the crypto sector have drawn increasing scrutiny amid ongoing concerns about potential conflicts of interest. The White House did not immediately respond to requests for comment on the disclosures.
World Liberty Financial revealed in January that it had successfully sold 21 billion tokens during a public sale, reaching its target of raising $1 billion. Notably, a 2024 filing with the US Securities and Exchange Commission identified Trump’s special envoy, Steve Witkoff, as a “promoter” of the WLF project.
Trump’s vocal support for cryptocurrencies has helped drive market enthusiasm, pushing bitcoin prices above $100,000 per coin. Under SEC Chair Paul Atkins, several high-profile crypto-related legal cases have been dropped, further easing regulatory pressure on the industry.
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Additionally, Trump has actively promoted his own $TRUMP memecoin via social media and hosted a gala last month honoring its major holders. The Trump family media company recently announced plans to launch an exchange-traded fund (ETF) directly holding bitcoin and revealed intentions to raise $2.5 billion to establish a “bitcoin treasury.”
At a bitcoin conference in Las Vegas last May, Eric Trump and Donald Trump Jr. praised cryptocurrencies as “cheaper,” “faster,” “safer,” and “more transparent” than traditional fiat currencies, signaling the family’s continued commitment to expanding their digital asset footprint.
