More buy action from Strategy helped improve some sentiment towards Bitcoin, although the crypto was still nursing a tumble from record highs hit earlier this year. Bitcoin was also still trading down 5.6% so far in 2025, as sentiment was rattled by uncertainty over Trump’s policies. 😍 😍
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The tokens, which are backed by physical gold and track its price, initially rallied as investors sought shelter from the uncertainty the tariffs introduced. Gold is usually seen as a haven investment, but large-scale losses in equity markets often force investors to liquidate safer assets to cover margin calls and cash out losses.
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The end of this lawsuit also increases chances for an XRP exchange-traded fund (ETF) to be approved by the SEC. Several potential issuers, including Grayscale, Bitwise and Franklin Templeton, have filed for such a fund in previous months with ETF experts at Bloomberg previously placing odds for an approval at 65-75% for the end of this year. XRP was among the assets Trump said would be part of a strategic U.S. crypto reserve.
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