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Stock impact report

Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level and at 0.025, the ETH/BTC ratio has touched a new five-year low. Other tokens touted by Trump as part of the coming crypto reserve — Solana's (SOL), Ripple's (XRP) and Cardano's (ADA) — have given up sizable amounts of their Sunday gains, though remain somewhat higher than prior to the president's posting. “Crypto vols are still relatively elevated with both majors still reflecting a Put Skew till end-March,” crypto trading firm QCP Capital wrote to their investors. “The VIX is also elevated, signaling broader market unease in risk assets overall, particularly after the recent tariff escalations from the U.S. administration.” Crypto stocks have given up large chunks are early gains on Monday, with a number of them — Core Scienti Show less Read more
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