Crypto Shares Gain; BIT Mining up 4%; Strategy, Iren up 3%; CleanSpark up 2%; MARA, Coinbase up 1%

Tiger Newspress

Yesterday

Crypto shares gained in Friday trading. BIT Mining up 4%; Strategy, Iren up 3%; CleanSpark up 2%; MARA, Coinbase up 1%.

The world’s largest crypto, Bitcoin, is up a modest 1.9% in the past 24 hours to last trade at $94,538.

Some in the industry suggest Bitcoin might have limited upside going forward given the shaky macroeconomic conditions and uncertainties around the Trump administration’s tariffs policy.

On Thursday, Bitcoin started to reverse its multiday growth trend. Current market outlook suggests the rally might not be sustainable, Innokenty Isers, CEO at Paybis, a crypto exchange, said.

“In the last two months, the uncertainty around the tariff war triggered an unusual concern for investors as many decided to temporarily steer clear of more volatile assets like Bitcoin,” Isers said. “Adding to this, the Federal Reserve has spotlighted the inflationary risks the tariff war may introduce.”

However, the cryptocurrency remains well-supported and is currently consolidating above $92,000, said George Pavel at trading platform Naga.com, noting that institutional demand is accelerating and net inflows into U.S. spot Bitcoin ETF’s are high.

“Volatility could remain high as investors react to developments around U.S. policies and economic outlook,” he added.

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Current market outlook suggests the rally might not be sustainable, Innokenty Isers, CEO at Paybis, a crypto exchange, said.“In the last two months, the uncertainty around the tariff war triggered an unusual concern for investors as many decided to temporarily steer clear of more volatile assets like Bitcoin,” Isers said. “Adding to this, the Federal Reserve has spotlighted the inflationary risks the tariff war may introduce.”However, the cryptocurrency remains well-supported and is currently consolidating above $92,000, said George Pavel at trading platform Naga.com, noting that institutional demand is accelerating and net inflows into U.S. spot Bitcoin ETF’s are high.“Volatility could remain high as investors react to developments around U.S. policies and economic outlook,” he added.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}