Justin Sun swoops to buy $100 million of bitcoin as rest of the market bleeds
Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.
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Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.
The move follows Binance’s Jan. 30 announcement that it would shift the $1 billion SAFU fund toward bitcoin over a 30-day period.
Bitcoin bets on Polymarket show elevated downside risk in 2026 as analysts point to bearish trends and tight US liquidity conditions.
Spot ETF investors are now sitting on paper losses, which sets the stage for potential large redemptions.
Despite thousands of alternative tokens and institutional adoption, crypto markets in 2026 still largely move in lockstep with bitcoin, offering little real diversification.
Bitcoin fell as low as $74,600 on Monday following a weekend rout, a nine-month low. for the cryptocurrency.
Traders are zeroing in on a cluster of bids near $87,500 and repeated sell pressure under $90,000, a setup that looks like a tug of war into month end.
Bitcoin’s weekend plunge opened a rare CME futures gap, as macro and geopolitical pressures drove a broad deleveraging.
The bounce came as China factory data showed only mild growth, offering background support while dollar strength and thin exchange depth limit upside.
Bitcoin’s decline is mirroring SaaS stocks, proving that it is unlikely a crypto-specific narrative is driving the recent selloff, one analyst argues.
Options markets signaled rising tail risk as liquidations mounted, but January prediction odds adjusted slowly as bitcoin volatility unfolded.
Here is what happened this weekend and what it means for the crypto industry.