**Bitcoin traded near $88,800 on Monday** as global markets leaned back into risk following record highs in gold and gains across Asian equities.

Ether climbed back above **$3,000**, while XRP, Solana and Dogecoin also edged higher after a volatile stretch that saw crypto prices swing sharply independent of stocks and commodities.

The steadier tone came as **gold pushed to an all-time high above $4,380 an ounce**, driven by growing bets that the Federal Reserve will deliver additional rate cuts in 2026.

The metal is on track for its strongest annual performance since 1979, supported by **central-bank buying** and persistent inflows into gold-backed exchange-traded funds.

Asian stocks advanced alongside the move in precious metals. The MSCI Asia Pacific Index rose more than 1%, led by technology shares, after a rebound in U.S. equities late last week helped calm global markets. U.S. equity futures were also higher.

Japan remained in focus after the Bank of Japan’s recent rate hike pushed government bond yields to multi-year highs. The yen strengthened after officials warned against excessive currency moves, while higher yields reinforced the shift away from years of ultra-loose policy.

Crypto followed the broader risk tone but remained fragile. Traders pointed to **thin year-end liquidity** and lingering leverage as factors keeping rallies in check.

Data from K33 Research shows **long-term bitcoin holders are nearing the end of an extended selling phase**, while institutional buyers have begun absorbing bitcoin faster than miners can produce it. Corporate treasuries and ETFs have increased purchases even after prices fell more than 30% from October highs.

Crypto continues to take cues from the macro backdrop — helped by **rate-cut expectations** and haven demand in gold, but restrained by the aftereffects of a deep fourth-quarter drawdown.

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

Bitcoin Holds Steady at $89K as Gold Soars to Record Highs: What's Driving the Crypto Market?

**Trump Media & Technology Group** has significantly expanded its **Bitcoin portfolio**, acquiring an additional **451 Bitcoin** valued at approximately **$40.3 million**. This strategic move brings the company's total Bitcoin holdings to **11,542 coins**, now worth over **$1 billion**, according to analytics firm Arkham.

### Continuing the Crypto Treasury Strategy

The latest purchase is part of Trump Media's **broader crypto treasury strategy**. Earlier in 2025, the company reported around **$2 billion in Bitcoin and related digital assets**, positioning itself increasingly as a **crypto-focused investment entity**.

### ETF Plans and Regulatory Framework

In July, Trump Media announced plans to launch the **Truth Social Bitcoin and Ethereum ETF**, with **Crypto.com** serving as the exclusive custodian, prime execution agent, staking, and liquidity provider. **Yorkville America Digital, LLC** was named as the fund's sponsor.

The ETF's launch was contingent on **SEC approval** of a Form 19b-4 filing and the effectiveness of its registration statement. The fund was structured as a **Nevada business trust**, issuing and redeeming shares in blocks of 10,000 through authorized participants, using cash for creation and redemption. While in-kind transactions were not initially offered, they could be implemented later pending regulatory approval.

Trump Media stated that the shares could not be sold or purchased until the **SEC registration statement became effective**.

### Stock Performance and Merger Impact

At the time of writing, shares of Trump Media & Technology Group ($DJT) are down nearly **10% on the day**. However, the stock saw a dramatic surge last week following an unexpected **all-stock merger announcement with TAE Technologies**, valuing the combined entity at over **$6 billion**.

Shares jumped roughly **42% on Thursday**, adding more than half a billion dollars to the Trump family's holdings, climbed another **8.3% on Friday**, and rose **3.6% in Monday premarket trading**.

The merger pivoted TMTG from a social media play into a **fusion energy venture**, with plans to build nuclear fusion plants to power artificial intelligence operations.

### Company Background and Operations

Trump Media went public in **2024 via a SPAC merger** and is headquartered in Sarasota, Florida, with **Devin Nunes as CEO**. TMTG focuses on social networking, streaming through **Truth+**, and financial services with a FinTech brand **Truth.Fi**. It's majority-owned by the **Donald J. Trump Revocable Trust**.

### Bitcoin Market Snapshot

Bitcoin is currently priced at **$89,358**, with a 24-hour trading volume of **$38 billion**. Its price has risen **2% in the past 24 hours**, sitting slightly below its 7-day high of **$90,353** and above its 7-day low of **$87,948**.

The circulating supply is **19,965,603 BTC** out of a maximum **21,000,000 BTC**, giving Bitcoin a market cap of about **$1.78 trillion**, which reflects a **2% change over the past day**.

Trump Media just added 451 Bitcoin to its holdings, bringing its total to 11,542 BTC worth over $1 billion as part of its ongoing crypto treasury strategy.

3 weeks ago Bitcoin Articles Digested