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Altman backs Bitcoin’s future, Metaplanet boosts holdings, and the SEC tackles crypto custody as markets react to global and political shifts.

For the crypto market, the immediate aftermath of the tariffs has been marked by significant liquidations, with over $500 million in futures positions wiped out within 24 hours. 

Despite a challenging start to the year for Bitcoin, with the cryptocurrency experiencing a 12% decline in Q1 2025—its worst quarterly performance in seven years—Tether has remained committed to its accumulation strategy.

The recent surge in market capitalisation is largely driven by Tether ($USDT), which continues to dominate the sector. $USDT currently holds over 60% of the total market, with a valuation of nearly $144 billion. 

Analysts believe the SEC is navigating internal changes and political pressure, contributing to the delays.

The stablecoin market has experienced a remarkable surge, with its total market capitalisation reaching an all-time high of $227.4 billion.

Recent data from Coinglass shows that 320,374 traders have faced liquidations in the past 24 hours, leading to total losses of $907.7 million. 

After reaching an all-time high of $137 billion in December 2024, the total market capitalisation has now dropped by 56%.

Ethereum’s latest price increase comes as Bitcoin ($BTC) reaches record-breaking highs. On the same day, Bitcoin hit $107,822, surpassing its previous all-time high of $106,352, which was set just the day before. 

Over the past month, $XRP has skyrocketed by 352%. It is now trading at $2.28, up over 20% in just 24 hours and 70% in the past week.