Bitcoin fell further on Tuesday amid profit-taking above the key $100,000 mark, though optimism over the temporary U.S.-China trade truce continued to provide some support.
The world’s largest cryptocurrency fell 1.9% to $102,363.0 by 02:03 ET (06:03 GMT).
The token saw sharp gains last week as it blew past the coveted $100k level on optimism around easing trade tensions. It reached above $105,000 last week.
However, investors booked profits ahead of key U.S. inflation data due later in the day.
Investors digest US-China tariff deal, US SEC plans for new crypto rules The U.S. and China said on Monday they have agreed to temporarily lower soaring tariffs placed on each other.
The U.S. will reduce its tariff on Beijing from 145% to 30%, while China will lower its retaliatory tariff from 125% to 10%, both for 90 days.
The announcement came via a joint statement following trade talks in Switzerland over the weekend.
Adding to the optimism, President Donald Trump on Monday signed an executive order slashing tariffs on low-value, or De Minimis imports from China, to 54% from 120%, while keeping a flat $100 fee in place.
On the regulatory front, investors also digested Chair of the Securities and Exchange Commission Paul Atkins’ detailed plans to introduce new rules for crypto tokens covering a myriad of factors, including token distributions and exemptions.
Crypto firms eye US listing amid favorable policies
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American Bitcoin, a cryptocurrency mining firm co-founded by Eric Trump and Donald Trump Jr., announced plans to go public through an all-stock merger with Gryphon Digital Mining. The combined entity will list on Nasdaq.
This move aligns with President Donald Trump’s pro-crypto regulatory stance, which has encouraged similar ventures to enter U.S. capital markets.
In other news, the Financial Times reported on Tuesday that Hong Kong-based crypto investor Animoca Brands is planning a stock market listing in New York.
KindlyMD shares skyrocket on Nakamoto merger, close up 251% Kindly MD Inc (NASDAQ:KDLY) shares hit an all-time high of $31.45 on Monday, surging over 600% after the healthcare company announced a merger with Bitcoin investment firm Nakamoto Holdings to launch a Bitcoin treasury strategy.
By close, KindlyMD’s stock pared its gains to 251% to end at $13.69.
Crypto price today: altcoins decline; Dogecoin, Polygon lead losses Altcoins were largely mixed on Monday, with most declining much more than Bitcoin.
World no.2 crypto Ethereum fell 2.5% to $2,456.57.
World no. 3 crypto XRP jumped 4.5% to $2.5071.
Solana declined 3%, while Cardano lost 3.5%, and Polygon slumped 4%.
Among meme tokens, Dogecoin plunged 7.8%, while $TRUMP declined nearly 10%.
