Wintermute has launched a CFD tied to the GMUSA index, providing an easier way for traders to bet on the U.S. strategic crypto reserve.

Traders of BTC-tracked products lost $238 million in the past 24 hours, majorly in early European and Asian afternoon hours.

Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.

Across ETFs, spot and futures trade, bitcoin combined for $130 billion volume yesterday.

Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s bnb gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%.

Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.

As bitcoin hits new highs, it’s helpful to examine the veri to understand where the demand is coming from.

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.

BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.

While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and rising dollar index, says CoinDesk analyst Omkar Godbole.