Crypto Daily | Bitcoin Tops $74K; Crypto Shares Jump in Overnight Trading with Upexi up 21%; BitMine up 9%; TRUMP Memecoin Investors Offered Mar-a-Lago Presidential Meeting

Tiger Newspress
03/16

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin Climbs in Asia as Other Markets Remain Tepid

Bitcoin trading picked up again on Monday as traders continued to grapple with uncertainty over conditions in the Middle East.

The original cryptocurrency was up as much as 3.7% to more than $74,400, with other digital assets seeing even greater gains. Ether, the second-largest cryptocurrency, jumped as much as 6.9%, while Solana and XRP rose as much as 6.1% and 4.7%, respectively.

Bitcoin has weathered the war with Iran, which broke out at the end of February, better than many traditional assets. Gold is down 4.9% this month, while Bitcoin is up 12.5%.

Crypto shares jumped in overnight trading with Upexi up 21%; BitMine up over 9%; DeFi Dev up 7%.

TRUMP Memecoin Investors Offered Mar-a-Lago Presidential Meeting

Buying access to a sitting U.S. President Trump usually requires a maxed-out Super PAC donation, not a wallet full of meme coins. Yet here we are, with on-chain holdings effectively acting as tickets to Mar-a-Lago.

Fight Fight Fight LLC, a company affiliated with the viral $TRUMP memecoin, is planning to host its top 297 investors at Donald Trump’s Florida club next month.

The event, slated for April 25, is advertised as “The Most Exclusive Crypto & Business Conference in the World” and promises a luncheon with Trump as the keynote speaker.

Furthermore, the top 29 holders get an invite to an even more exclusive reception and champagne toast with the President himself.

JPMorgan Flags Sharp Divergence Between Bitcoin and Gold ETF Flows Since Iran War

The correlation between Bitcoin (BTC) and gold has snapped under the pressure of the Iran conflict, according to a note to investors by JPMorgan.

While geopolitical instability usually drives a unified bid for safe havens, the two assets are currently moving in opposite directions.

This decoupling reveals a significant shift in how capital is treating “digital gold” versus the real thing.

Instead of moving in tandem as crisis hedges, investors are aggressively rotating capital, creating a clear winner in the ETF market since late February.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $180.33 million. The total net asset value of Bitcoin spot ETFs is $91.83 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.43%.

The Bitcoin spot ETF with the highest net inflow on March 13 was iShares Bitcoin Trust, with a net inflow of $143.59 million, according to SoSoValue.


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