coinsauce (coinsauce)

Here's what happened in the past 24 hours: Historic Market Collapse Erases Over $12 Trillion Precious metals experienced their worst crash in decades, with gold plummeting 16%, silver down 39%, platinum falling 30%, and palladium dropping 25%. The selloff wiped out more than $9 trillion across metals markets alone, with gold accounting for roughly $6.4 trillion in losses. Equity markets added to the carnage as the S&P 500 fell 1.9% (losing $1.3 trillion), the Nasdaq dropped 3.2% (shedding $1.4 trillion), and the Russell 2000 erased $100 billion. In total, over $12 trillion in value vanished in a single day—more than the combined annual GDP of Germany, Japan, and India. The collapse was triggered by Trump's nomination of Kevin Warsh as Fed Chair, sparking a dollar rally and unwinding heavily crowded bets on continued monetary easing.

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According to Arkham Intelligence, the US government holds around 29.5 billion dollars in crypto assets, mainly seized Bitcoin and other tokens. These holdings are stored across multiple government controlled wallets. At current prices, these wallets are sitting on an unrealized loss of about 11.8 billion dollars from Bitcoin’s all time high. The decline is due to market volatility, not asset sales or security breaches. The market will be watching whether the US government maintains its long term holding strategy or signals changes in how seized crypto assets are managed, especially during periods of high volatility. Follow @Coinsauce for more smart crypto news.

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Strategy added 2,932 Bitcoin for about 264.1 million dollars between January 20 and January 25, paying an average price of 90,061 dollars per coin, according to a filing with the U.S. Securities and Exchange Commission. The purchase brings its total holdings to 712,647 Bitcoin, acquired at an average price of 76,037 dollars and a total cost of roughly 54.2 billion dollars including fees. The position equals around 3.4 percent of Bitcoin’s fixed 21 million supply, making Strategy one of the largest known holders globally. At current market prices, the holdings represent roughly 8.3 billion dollars in unrealized gains. Investors will be watching whether Strategy continues to add Bitcoin amid price fluctuations and how its growing exposure influences corporate adoption and market liquidity. Follow @Coinsauce for more smart crypto news.

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In March 2024, Bitcoin overtook Silver's market cap for the first time.. Today, Silver's market cap is 3.5x larger than Bitcoin.

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