Fidelity Offers Crypto IRA Option
Billions in SHIB Exit Coinbase
Trump Joins Bitcoin Mining Venture
Bitcoin Drops Amid Tariff Concerns
Fidelity Lets Investors Directly Invest in Crypto Through New IRA Plan
Fidelity Investments rolled out an IRA plan that invests directly in crypto on Wednesday, giving investors another method for tapping this asset class.
The brokerage firm offers bitcoin (BTC), ethereum (ETH) and Litecoin (LTC) to any U.S. citizen over the age of 18. The assets are custodied by Fidelity Digital Assets and held in a cold wallet. The crypto IRA product has no fees, and customers can invest in a Roth IRA, traditional IRA or rollover IRA, according to Fidelity’s website.
The new product comes as financial advisors are increasingly offering crypto to their clients. A survey by TMX Vetta Fi recently showed that 57% of advisors plan on increasing their allocations into crypto ETFs, although their biggest focus is in crypto equity ETFs.
“Fidelity is committed to offering investment products and solutions to meet the changing needs and interests of our customers, accompanied by education and support,” a spokesperson told CoinDesk.
Clients of the brokerage firm have increasingly voiced interest in a tax-advantaged way to trade and hold crypto, a person familiar with the matter, said.
Fidelity already offers a number of crypto exchange-traded funds, which let investors track the prices of digital assets without directly investing in them. The company recently filed to list a Solana ETF on the Cboe Exchange.
Billions of Shiba Inu (SHIB) Leave Coinbase into Unknown as Price Finds Bulls’ Support
An unknown major investor recently withdrew over 80 billion Shiba Inu (SHIB) tokens from leading U.S. crypto exchange Coinbase. According to on-chain data from Arkham Intelligence, the previously empty wallet under the code “0xE0624” began actively transferring SHIB tokens from Coinbase today and managed to add $2.39 million worth of Shiba Inu to its holdings in 13 hours. In total, it four transfers to accumulate a staggering 80.547 billion SHIB.
Such withdrawals are seen as a bullish sign by crypto market participants, as it is believed that large investors bought a huge amount of cryptocurrency and then withdrew it to more noncustodial and secure storage.
However, this move is not common for the popular meme-inspired cryptocurrency, at least as of today. Thus, according to the on-chain exchange flow metric, there were more Shiba Inu tokens flowing into exchanges than out. The total net flow can be estimated at 1.224 trillion SHIB as of today.
Shiba Inu (SHIB): Price outlook Meanwhile, the price of the token itself reached a crucial support level at around $0.00003 per SHIB. The price of the Shiba Inu token has been flirting with this important line for the past few days, testing it with breakouts that were all bought back by the more bullish investors.
In the most recent episode, the price of SHIB dropped to $0.0000295 and then immediately jumped 3% in the next 18 minutes. This further confirms bulls’ interest in buying the Shiba Inu token there and makes the support level stronger.
Whether the unknown new whale withdrew SHIB from Coinbase due to the strong price outlook remains an open question, but the fact is that right now the Shiba Inu token’s performance leans more to the green than the red.
Trump Family to Launch New Bitcoin Mining Venture with Hut 8
On Monday, Hut 8 Corp. announced the launch of American Bitcoin Corp., an industrial-scale Bitcoin mining venture created in partnership with Eric Trump and Donald Trump Jr. in the United States.
We are proud to partner with and American Data Centers to launch .American Bitcoin, a majority-owned subsidiary of Hut 8, aims to become the world’s largest, most efficient pure-play miner while building a robust strategic Bitcoin reserve.Join us for a… — Hut 8 (@Hut8Corp)
, Hut8 said this initiative looks to establish itself as the largest and most efficient pure-play Bitcoin miner while also building a strategic Bitcoin reserve.
The initiative follows Hut 8’s contribution of most of its ASIC miners to American Data Centers, Inc., which has since been renamed American Bitcoin.
The transition reflects Hut 8’s broader restructuring to streamline its Bitcoin mining operations.American Bitcoin Mining to Absorb Hut 8 Operations
Under the new agreement, American Bitcoin will assume all Bitcoin mining activities previously handled under Hut 8’s Compute segment.
Hut 8, however, will remain central to operations by serving as the exclusive infrastructure and operations partner.
This partnership is expected to support long-term revenue growth for Hut 8’s Power and Digital Infrastructure segments.
“By combining Hut 8’s proven operational excellence in data centers with our shared passion for Bitcoin and decentralized finance, we are poised to strengthen our foundation and drive significant future growth,” said Eric Trump, co-founder of American Bitcoin.
Donald Trump Jr. added that while holding Bitcoin has value, mining it under favorable conditions offers a stronger growth opportunity.
Hut 8 CEO Asher Genoot noted that creating American Bitcoin as a standalone entity allows the mining division to scale independently and attract investment.
Meanwhile, Hut 8 can concentrate on its infrastructure services, creating a more predictable and financeable structure for both companies.Leadership and Operational Support
The leadership team at American Bitcoin will include Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer.
The Board of Directors will initially feature Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim.
As part of the agreement, Hut 8 will provide ASIC colocation and managed services to American Bitcoin, ensuring a smooth transition and continued operational excellence.
“When the Trump family starts mining Bitcoin, you know the game has changed. This is rocket fuel for the entire industry and a huge signal to investors that now is the time to back real Bitcoin infrastructure,” Mati Greenspan, CFO of Quantum Expeditions, told Cryptonews.
Tether adds 8,888 Bitcoin in Q1 as holdings exceed $8.4B
Tether, issuer of the USDT stablecoin, acquired 8,888 Bitcoin in the first quarter of 2025, according to onchain data.
, worth roughly $750 million at the time of writing, from a Bitfinex address to a wallet it controls. Data provided by onchain analytics platform Arkham Intelligence shows that the firm currently holds 100,521 BTC, worth about $8.46 billion.
The news follows mid-February reports that Tether could be forced to sell part of its Bitcoin holdings to comply with proposed US regulations. JP Morgan wrote in a report that potential stablecoin regulation could consider a significant portion of the firm’s current reserve as non-compliant:
Still, Tether argued against the conclusion of the JP Morgan analyst. A Tether spokesperson criticized the analysts in correspondence sent to Cointelegraph, saying “they understand neither Bitcoin nor Tether” and highlighting that the US stablecoin laws have yet to be finalized.
Tether becomes an investment powerhouse
Tether reported $13 billion of profit in 2024, leading to a significant capital reserve that the firm funneled into large-scale investment ventures. As a result of this explosive growth, the stablecoin issuer became the world’s seventh-largest buyer of US Treasurys, surpassing financially significant countries such as Canada, Taiwan, Mexico, Norway and Hong Kong.
At the end of March, Tether invested 10 million euros ($10.8 million) in Italian media company Be Water. In February, the firm acquired a majority stake in Juventus FC, a major Series A football club based in Turin, Italy, and also sought to acquire a majority stake in South American agribusiness Adecoagro.
The firm’s influence is already growing as a result of those investments. Rumble, a video platform in which Tether invested $775 million in late 2024, recently announced the launch of its wallet for content creator payments with support for Tether’s USDt.
USDt keeps growing
Tether’s USDt is the world’s leading stablecoin and the third digital asset by market cap, according to CoinMarketCap data. At the time of writing, USDt’s total supply stands at just under 148 billion.
Ignoring the minor deviations from the US dollar’s value, that supply would place the current market cap at almost $148 billion. Whale Alert data shows that on March 31, Tether minted a billion dollars worth of USDt on the Tron blockchain.
Bitcoin’s price has historically tended upward following upticks in USDt minting and large-scale USDt minting has usually followed significant Bitcoin price increases. David Pakman, managing partner at crypto-native investment firm CoinFund, recently said that the global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth.
Bitcoin Drops Toward $80K Ahead of Trump’s Tariffs as Short-Term Holders Face Distress
Last week proved volatile for Bitcoin $BTC with the cryptocurrency climbing to a high of $88.8K before plunging to $81.8K. As of March 31, 2025, Bitcoin trades at $82K, down 3% week-over-week, slipping below the critical 200-day Simple Moving Average (SMA) support. Meanwhile, altcoins like $ETH Ethereum (-10%), $XRP (-12%), Solana (-6%), and Cardano (-6%) faced steeper declines, though TON and SUI showed resilience. With Trump’s reciprocal trade tariffs looming and macroeconomic uncertainty rising, Bitcoin’s trajectory remains uncertain. Here’s a deep dive into the factors driving this market shift, including distressed short-term holders (STHs), surging gold prices, and institutional ETF inflows.
Bitcoin Liquidations Surge as Bulls Lose Momentum
Cryptocurrency markets saw a spike in liquidations last week as prices hit multi-week lows. According to Coinglass, long liquidations totaled $1.21 billion, dwarfing the $514.8 million in short liquidations. This imbalance signals waning bullish momentum, with leveraged traders bearing the brunt of the downturn. Investors searching for “Bitcoin price crash” or “crypto liquidations 2025” will find this data underscores the market’s fragility amid macroeconomic pressures.
Bitcoin ETFs Maintain Inflows Despite Friday Outflows
Institutional interest in Bitcoin remains robust. Coinglass reports BTC exchange-traded funds (ETFs) recorded net inflows of $88.79 million last week, marking two consecutive weeks of positive flows. Over a 10-day streak, ETFs added $1 billion in value—the longest winning streak of 2025. However, Friday saw $93.1 million in outflows, led by Fidelity, halting the run. For those tracking “Bitcoin ETF performance” or “institutional crypto investment,” this resilience contrasts with Bitcoin’s 12% Q1 decline—its worst since 2018’s 49.7% drop.
Historically, Q2 has been kinder to BTC, averaging 26% gains since 2013. Could this trend offer hope for a rebound? Investors Googling “Bitcoin Q2 forecast” may find optimism here.
Macro Factors: Trump Tariffs and Sticky Inflation
The broader market mood soured after initial optimism over Trump’s potential leniency on trade tariffs faded. His announcement of 25% tariffs on car imports, set to take effect April 2, 2025, rattled investors. Compounding this, February’s Core PCE inflation—the Fed’s preferred gauge—rose to 2.8% annually (up from 2.5%) and 0.4% monthly (above the expected 0.3%). Consumer spending, however, grew just 0.1%, hinting at stagflation risks.
These developments drove a risk-off sentiment, with the Nasdaq dropping 2% on Friday and gold soaring past $3,100 to a new all-time high. Searches for “Trump tariffs impact on crypto” or “gold vs Bitcoin 2025” reflect growing investor unease as tariffs threaten to exacerbate inflation and dampen growth.
Bitcoin Whales Accumulate Amid Uncertainty
Despite the turbulence, Bitcoin whales (holders of 1,000–10,000 BTC) are quietly accumulating. Addresses in this cohort rose from 1,956 on January 1, 2025, to 1,990 by March 27—still shy of February 2024’s peak of 2,730. For those researching “Bitcoin whale activity” or “crypto accumulation trends,” this suggests confidence among large players, even as short-term holders falter.
Short-Term Holders in Distress: A Glassnode Perspective
Glassnode data reveals Bitcoin consolidating between $78K and $88K, with on-chain profit-taking waning—a sign of weakening demand. Short-term holders (STHs), those owning BTC for less than six months, are under severe pressure. Many bought at $90K–$100K, and their supply in loss hit a seven-year high of 3.4 million BTC. This selling pressure could trigger a broader “market-wide capitalization event.” Keywords like “Bitcoin STH distress” or “Glassnode crypto analysis” highlight this critical dynamic.
Bitcoin’s 1-Year % Change Nears Negative Territory
Bitcoin’s 1-year percentage change is teetering near negative, a metric signaling bearish sentiment when it dips below zero. Historically, three of the last four negative shifts preceded sustained downturns, though 2024’s negative phase led to consolidation before a bullish breakout. Investors searching “Bitcoin price prediction 2025” or “BTC yearly performance” might see this as a pivotal moment—either a precursor to new lows or a setup for stagnation before recovery.
Technical Outlook: 50 SMA Holds, Sell-Side Ratio Signals Hope
Despite the gloom, Bitcoin’s weekly 50-day SMA remains a key support, underpinning bull runs in 2021 and the 2023–2025 cycle. A break below could signal a bear market, but for now, the structure holds bullish. Meanwhile, the sell-side ratio—comparing investor spending to realized market cap—sits at 0.086%. Historically, levels below 0.1% have preceded major rallies. Searches for “Bitcoin technical analysis” or “BTC bull run indicators” may spotlight these mixed but hopeful signals.
All eyes are on April 2, when Trump will detail reciprocal trade tariffs aimed at slashing the U.S.’s $1.2 trillion goods trade deficit. A softened stance could spark a market rally, while ambiguity or a hardline approach might fuel volatility or a risk-asset selloff. For those querying “Trump tariffs crypto impact” or “Bitcoin price April 2025,” this event could set the tone for Q2.
