Investing.com-- Bitcoin rose on Tuesday as popular crypto’s brief dip to fresh four-month lows attracting dip buying even as risk appetite was soured by ongoing concerns over a U.S. recession and uncertainty over more trade tariffs under President Donald Trump.
Other cryptocurrencies also moved off lows, as Trump’s recently announced national stockpile sparked little enthusiasm. A crypto summit held at the White House last week also offered few cues on Trump’s plans for regulation.
At 1:30 p.m. ET (17:30 GMT), The world’s biggest crypto added 3.1% to $81,231.0 having earlier fallen as low as $76,677.1.
Bitcoin pressured by recession, tariff risks
Bitcoin’s losses tracked steep declines in global stock markets, as appetite for risk-driven assets was dented by increasing fears of a U.S. recession.
Threats of more tariffs from Trump also weighed, as he lashed out against Canada for retaliatory measures over his 25% tariffs, while repeating his plans for reciprocal tariffs from early-April.
Trump in a recent interview also declined to rule out the possibility of a U.S. recession, instead flagging some economic turbulence as his administration carries out its reforms.
Bitcoin and crypto assets tend to log a much stronger negative reaction to economic headwinds than other risk-driven assets, given their highly speculative nature. This trend has kept crypto markets trading consistently lower so far in 2025.
Bitcoin has lost nearly 14% so far this year.
Strategy’s $21 bln fundraising plan sparks little joy
Bitcoin also took little support from Strategy (NASDAQ:MSTR) announcing a $21 billion share offering to raise more capital.
The company said it will use most proceeds from the raise to buy more Bitcoin- a trade that has become its core business.
But Strategy is also sitting on a roughly $4 billion loss from its Bitcoin purchases through late-2024, when the price hit a series of record highs above $100,000. Strategy spent $21 billion on Bitcoin since November 10, with declines in the crypto’s price now valuing the purchases at $17 billion.
Cathie Wood’s Ark Invest buys Coinbase (NASDAQ:COIN) dip; crypto exchange closer to India return
Cathie Wood’s Ark Invest purchased 64,358 shares of Coinbase on Monday, valued at $11.5 million, across two of its exchange-traded funds as COIN tumbled 17.6% during a steep market selloff.
The Cathie Wood-led firm allocated 52,753 shares, worth $9.4 million, to its Ark Innovation ETF (ARKK), while 11,605 shares, valued at $2.1 million, went to its Ark Fintech Innovation ETF (ARKF).
This latest round of buying follows Ark’s recent acquisitions, including an $8 million purchase of Coinbase shares last week for its Next (LON:NXT) Generation Internet ETF (ARKW) and $8.7 million the prior week.
Over the past three weeks, Ark has now accumulated $28.2 million in Coinbase stock.
Meanwhile, Coinbase announced on Tuesday that it has secured registration with India’s Financial Intelligence Unit (FIU), bringing it closer to fully re-entering the Indian market.
The exchange, which previously operated in the country, withdrew due to regulatory challenges but is now moving toward re-establishing its presence.
Crypto price today: altcoins most higher
Broader crypto prices fell amid few positive cues for markets, with bargain buyers also steering clear amid increased economic uncertainty.
World no.2 crypto Ether fell 1% to $1,894.58 its lowest level since late-2021.
XRP, Solana, and Cardano traded hiigher, with the latter up more than 5%.
Among meme tokens, Dogecoin added 1.3%, while $TRUMP fell nearly 1.5% to $10.36.
Ambar Warrick contributed to this report.