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Cryptocurrencies push higher despite geopolitical tensions: The price of bitcoin and other top cryptocurrencies rallied this week after the United States and Israel launched strikes against Iran over the weekend killing Ayatollah Ali Khamenei and other top Iranian officials. The move higher reversed weeks of bitcoin trading in a tight range after losing more than 40% of its value from its high this past October and bolstered bitcoin’s position as a viable store of value during times of geopolitical uncertainty. Market participants are closely watching to see whether recent price strength continues to recapture 2025’s bullish momentum and emerge from the recent crypto winter. On Thursday, bitcoin pulled back below $71,000, with Gemini Predictions reflecting a 36% probability of bitcoin ending Friday above $71,750.
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President Trump backs crypto industry in battle with banks over Clarity Act: In a post Tuesday on Truth Social, President Donald Trump pushed the banking industry to compromise with the crypto lobby and reach a deal on the digital asset market structure bill that’s been stalled in Congress for months. “The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it. The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money,” Trump said. The banking lobby has pushed hard over the past few weeks to forbid crypto exchanges from earning yield on holding stablecoins, arguing it could lead to a run on bank deposits. As of Thursday, it was unclear if or when the two sides could reach an agreement.
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Michael Saylor’s Strategy lifts STRC dividend to 11.5%: STRC, the perpetual preferred stock for Michael’s Saylor’s Strategy, increased the dividend for STRC from 11.25% to 11.5% in March in a bid to attract more investors. STRC, which trades around $100, typically pays out the monthly dividend installment in cash, positioning itself as a less volatile alternative to Strategy’s common shares. Strategy sold STRC shares to purchase 1,000 bitcoin on Tuesday, its biggest one-day accumulation since launching last July.
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Spot bitcoin ETFs show signs of rallying: US spot bitcoin ETFs recorded nearly $700 million in inflows on Tuesday and Wednesday, indicating institutional investors are showing renewed interest in bitcoin buying. The rally comes after months of outflows and derivatives activity triggered a cascading sell-off, pushing the price of bitcoin near $60,000. Additionally, perpetual open interest has surged of late, with Glassnode reporting that Tuesday marked the largest daily percentage increase since July 2025. This indicates investors have largely shrugged off concerns around the conflict in the Middle East and other questions around macroeconomic uncertainty.
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