Bitcoin Holds Firm as Ethereum ETF Staking Faces Delay and Solana ETFs Debut in Canada

The cryptocurrency market displayed a mixed landscape today, with Bitcoin maintaining its position above $84,500 amidst significant developments for major altcoins Ethereum and Solana.

Cryptocurrency prices displayed a mixed trend today, with Bitcoin holding above the $84,500 mark and major altcoins such as Ethereum and Solana facing regulatory milestones.

What Happened: As the week began with a positive market reaction to President Trump's partial import tariff relief, certain altcoins encountered significant difficulties.

The temporary reduction in tariffs, which went into effect on Sunday, brought some relief to market mood. However, the excitement faded as it became clear that the relief measures were only a short-term initiative.

On Monday, the crypto market showed signs of recovery as Bitcoin rose above the $84,000 level, and Strategy, the investment firm headed by Michael Saylor, announced the purchase of 3,459 Bitcoin for $285.5 million at an average price of $82,618.

This acquisition brings the company's total Bitcoin holdings to 531,644, increasing its overall assets by $1.14 billion. The move follows recent market declines, which provided an opportunity for Strategy to expand its Bitcoin portfolio.

In other news, the El Dorado Task Force of the U.S. Department of Homeland Security, which investigates transnational money laundering operations, is reportedly investigating Anchorage Digital Bank, a cryptocurrency company backed by Wall Street.

According to a report by The Block, the task force has been examining Anchorage's anti-money laundering protocols and internal controls. The probe began in the latter half of 2022 and is still ongoing.

See More: Best Cryptocurrency Credit Card

Top Gainers (24 Hour)

Chain (LINK) at 10.42%

Shibainu (SHIB) at 7.14%

Aave (AAVE) at 6.74%

Worst Performers (24 Hour)

Arweave (AR) at -12.08%

STEPN (STEPN) at -11.05%

Band Protocol (BAND) at -9.87%

Cryptocurrencies Prices Today:

Bitcoin (BTC) is trading at $84,444, up 24 hours

Ethereum (ETH) is trading at $1,614, up 0.82% in 24 hours

BNB (BNB) is trading at $214.4, down 0.64% in 24 hours

XRP (XRP) is trading at $0.50, down 0.52% in 24 hours

Bitcoin price today: BTC trades above $84.5K as tariff uncertainty lingers

Bitcoin began the week strong, striking highs of $85,800 as the market reacted to President Trump's declaration of possible import tariff relief. Continuing this trend, the top cryptocurrency recovered the $84,500 mark.

However, the president's statements regarding potential tariffs on products from China and other countries, which were announced over the weekend and brought a rally in stock markets, also brought some uncertainty to crypto trading.

At the same time, data from CCEDT showed that Bitcoin futures contracts on major exchanges indicated a premium of about 5%, close to the neutral-to-negative level. This suggests that there was limited pressure for immediate price declines.

On the other hand, Strategy announced that it had purchased 3,459 Bitcoin for $285.5 million at an average price of $82,618, thereby increasing the company's total assets to 531,644 Bitcoin.

The company's investment activities are closely monitored by crypto traders, as Strategy's buying spree during the 2022 bear market played a significant role in Bitcoin's price recovery.

Bitcoin is now trading at $84,444, showing a 0.84% increase in the past 24 hours.

Ethereum price today: ETH struggles at $1,722 as SEC postpones decision on Ethereum staking

Ethereum is currently trading at $1,624, struggling to rise further despite recent gains. The cryptocurrency faces resistance at the 20-day exponential moving average, currently at $1,722, where it encountered significant selling pressure, as shown by the long wick on April 14's candlestick pattern.

The SEC has postponed a decision on Ethereum staking in two Grayscale funds until June 1, although it recently approved options trading for other spot Ethereum ETFs, including funds from BlackRock, Bitwise, and Grayscale. The last date for this decision is the end of October 2025.

On the other hand, Canada is set to launch spot Solana ETFs as early as Monday, showcasing a divergence in regulatory approaches.

Compared to other assets, Ethereum has performed poorly throughout this bull market. The cryptocurrency is still trading far from the