BTC holds up well in face of tariffs

5. Stop Drop and Roll

Stating the obvious here: Markets are in a hot ball of fire as the world struggles to come to grips with President Trump's new economic order.

More specifically in regards to crypto, digital asset-adjacent companies were hit pretty hard as traders abandoned risk-on stocks. Coinbase $COIN ( ▲ 0.02% ) and Robinhood $HOOD ( ▲ 0.15% ) are down 14% and 19% respectively since Wednesday. Bitcoin, on the other hand, has held up pretty well amidst all the turmoil.

3. Tariffs Hit Bitcoin Mining Where It Hurts: The Gear

U.S.-based miners, thriving since China’s 2021 exodus, still rely on Asian suppliers like Bitmain. Now, tariffs threaten to jack up equipment costs by over 20%, crimping ROI and stalling expansion plans. This has resulted in an all-out scramble to ship equipment to the U.S. before levies hit as reported by Bloomberg – and partly explains why shares of miners, such as MARA $MARA ( ▲ 2.61% ) and CleanSpark $CLSK ( ▼ 0.53% ), dropped sharply after the big announcement.

4.

2. Will IPOs Be On Hold?

Today, ticket platform StubHub Holdings and BNPL company Klarna said they are pausing plans to IPO due to the market turmoil. If StubHub is emblematic of the current zeitgeist of tech, we can expect other companies, including crypto, to pause as well. Who’s that? Circle, Gemini, eToro, Kraken, and more…

1. Fidelity Lets Investors Directly Invest in Crypto Through New IRA Plan

Fidelity is launching a no-fee crypto IRA, letting U.S. investors add bitcoin, ether, and litecoin to their retirement accounts. It’s another sign of traditional finance cozying up to digital assets – especially as financial advisors ramp up crypto offerings. A recent survey found 57% of advisors plan to increase crypto ETF allocations, a trend Fidelity seems ready to accommodate with a tax-advantaged way to trade and hold crypto.