La cadena de opciones muestra datos clave de las opciones de acciones de Varex Imaging a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Varex Imaging..

Varex Imaging (NASDAQ:VREX) Bolsa, Cadena de Opciones

Varex Imaging

Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components, including X-ray tubes, digital detectors and accessories, generators, and heat exchangers among other products. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors, high-voltage connectors, and coolers. Geographically, the company generates maximum revenue from Europe, Middle East, and Africa (EMEA) and the rest from the Americas and Asia Pacific region.

ALTG

Alterity Therapeutics Limited - American Depositary Shares

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Meta sube en la preapertura tras superar expectativas. Descubre qué otras acciones están registrando fuertes movimientos hoy.

Acciones de Meta Platforms (META) están cotizando al alza; 20 acciones que se mueven en el premercado de EE.UU.

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IMAC Holdings sube más del 108% tras anunciar Ignite Proteomics. Conoce las acciones más destacadas en la negociación previa.

Acciones de IMAC Holdings se disparan un 108%; 20 acciones en movimiento en el premercado de EE.UU.

Varex Imaging Corp

In light of potential tariff threats from President Donald Trump, Pfizer Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) CEO Albert Bourla has suggested the possibility of shifting the company&#8217;s overseas manufacturing to its U.S. facilities.
What Happened: At the TD Cowen healthcare conference, Bourla indicated that Pfizer, which already boasts an extensive U.S. manufacturing network, could relocate production to its domestic plants to avoid any potential tariffs, reported Reuters on Monday.
His remarks come as the pharmaceutical industry braces for a possible 25% tariff on imported goods. &#8220;We&nbsp;have the capabilities here (in&nbsp;the U.S.) and the manufacturing&nbsp;sites are operating in good&nbsp;capacity right now. If something&nbsp;happens, we will try to&nbsp;mitigate it by transferring from&nbsp;manufacturing sites outside to the&nbsp;manufacturing sites here,&#8221; Bourla said.
Pfizer has 10 manufacturing facilities and two distribution centers in the United States. 
SEE ALSO:<a href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets"> </a><a href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets">Trump&#8217;s Tariffs Threaten Canada, Mexico, China — And American Wallets</a>
Why It Matters: This development follows a&nbsp;<a href="https://www.benzinga.com/markets/25/02/43906811/trump-reportedly-warns-big-pharma-move-manufacturing-to-us-or-face-tariffs">warning</a>&nbsp;from Trump to pharmaceutical companies in February. During a confidential meeting, the President urged drug companies to expedite the transfer of their overseas production to the U.S. or face the possibility of tariffs.
Among the attendees of this meeting were the CEOs of Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), Merck &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), and Pfizer, along with the head of the industry's largest lobbying group. The executives aimed to convince Trump to support measures targeting middlemen blamed for increasing out-of-pocket costs and to limit a law allowing the federal government to negotiate specific drug prices.
Though the Trump administration has hinted at possible exemptions to reciprocal tariffs for certain sectors, including pharmaceuticals, a final decision is yet to be made.
While many see reshoring as a potential solution to avoid tariffs, it may not be pragmatic. Independent healthcare analyst Joshua P. Cohen wrote in Forbes, &#8220;..this takes time and is logistically complex.&#8221; He stated that generic products might call for volume purchase guarantees, and a public-private partnership may be required to boost infrastructure and regulatory compliance. &#8220;Whether the Trump administration is prepared to co-invest in a long-term strategy remains to be seen,&#8221; says Cohen.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner">Reddit Co-Founder Alexis Ohanian Joins Frank McCourt&#8217;s TikTok Bid Amid Competition From MrBeast, Jesse Tinsley, And Reid Rasner</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Pfizer CEO Says Company May Shift Overseas Manufacturing To US Amid Looming Tariff Threats: 'Will The Trump Administration Co-Invest', Asks Analyst

BNY intends to use the net proceeds from the sale of the depositary shares for general corporate purposes, as further described in the preliminary prospectus supplement.
BNY intends to use the net proceeds from the sale of the depositary shares for general corporate purposes, as further described in the preliminary prospectus supplement.

Reported Earlier, BNY Prices $500M Public Offering Of Depositary Shares Linked To 6.300% Series J Preferred Stock, Expected To Close March 10

PTLO

Reported Earlier, Portillo's Engages With Shareholders As Engaged Capital Seeks Board Seats At 2025 Annual Meeting

Humana announced that it has priced a public offering of $1.25 billion in aggregate principal amount of senior notes. These senior notes are comprised of $750 million of the company's 5.550 percent senior notes, due 2035, at 99.885 percent of the principal amount and $500 million of the company's 6.000 percent senior notes, due 2055, at 98.951 percent of the principal amount (collectively, the "Senior Notes Offerings"). The Senior Notes Offerings are expected to close on March 5, 2025, subject to the satisfaction of customary closing conditions.

Reported Earlier, Humana Prices $1.25B Debt Offering, Including $750M 5.550% Senior Notes Due 2035 And $500M 6.000% Senior Notes Due 2055

Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.09 by 11.11 percent. This is a 166.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $91.40 million which beat the analyst consensus estimate of $65.90 million by 38.69 percent. This is a 47.55 percent increase over sales of $61.95 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Smart Sand Q4 2024 GAAP EPS $0.08 Misses $0.09 Estimate, Sales $91.40M Beat $65.90M Estimate

ATCH

Reported Earlier, AtlasClear Reports 800% Market Cap Increase And Strong Subsidiary Performance With 2024 Revenues Exceeding $13.2M

U.S. markets suffered a steep selloff Monday as President Donald Trump announced sweeping new tariffs, extending last week&#8217;s losses and driving declines <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">across all major sectors</a>.
What Happened: The S&amp;P 500 tracked by The SPDR S&amp;P 500 (NYSE:&nbsp;SPY) closed at 5,849.72, sinking 1.76%, continuing its retreat from 5,983 on Feb 24. The Nasdaq-100 monitored by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell to 20,425.58, down from 21,352 a week earlier, marking a significant correction from recent highs.
Technology stocks bore the brunt of the selloff, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) plummeting 8.63% and ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) dropping 8.05%. The sector&#8217;s decline follows a brutal week where AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) had already lost 20.64% and Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 19.67% between Feb. 24-28, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
However, some stocks showed positive performance amid the broader market selloff, according to the Benzinga Stock Heat Map. 
In chemicals and allied products, Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) gained 0.83%, while Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) also edged higher. Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) rose 2.33% in the tobacco sector. In telecom, T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) climbed over 1.5%. Transport by air saw PHI Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIG#NASDAQ">PHIG</a>) gain 2.3%. Meanwhile, Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) both advanced over 1.3%.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04011143/Screenshot-2025-03-04-at-11.40.56%E2%80%AFAM-1024x590.png" alt="" class="wp-image-807304" /></figure>
Industrials saw significant pressure, with Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) falling 10.09% and FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) down 7.89%. In healthcare, BeOne Medicines dropped 10.10% while Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) declined 9.77%.
Financial stocks weren&#8217;t spared, with Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shedding 6.51% and SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) losing 6.40%. The slide continued a trend from last week when PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) had already declined 5.58%.
Consumer discretionary and staples both tumbled, with Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) plunging 10.96% and Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) falling 6.02%. Energy stocks like Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) dropped 8.65%, while utilities Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) and Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) both fell 7.40%.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: The catalyst for Monday&#8217;s selloff was Trump&#8217;s announcement of 25% tariffs on imports from Canada and Mexico, plus an additional 20% tariff on Chinese goods. The Kobeissi Letter noted these increases would raise the U.S. average effective tariff to approximately 20%, levels not seen <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">since the Great Depression</a>.
Market strategist Tom Lee of Fundstrat suggested this week could mark the bottom for stocks in the <a href="https://www.benzinga.com/markets/equities/25/03/44072005/tom-lee-sees-stocks-potentially-hitting-first-half-lows-this-week-bad-news-has-gotten-priced-in">first half of 2025</a>, noting &#8220;a lot of bad news has gotten priced in&#8221; and that retail sentiment has reached bearish levels comparable to fall 2022.
Wall Street remains divided on the tariffs&#8217; impact, with Peter Schiff warning of domestic economic harm while others like Anthony Pompliano pointed to Taiwan Semiconductor&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) $100 billion U.S. investment announcement as evidence tariffs might boost <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">domestic manufacturing</a>.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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FTAI

Hims & Hers Health, Inc. Class A Common Stock

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NVDA

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PYPL

SMCI

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Tech Sector Hammered As Trump's Tariff Plans Spark Market Selloff: Nvidia, ARM, Super Micro Lead Tech Bloodbath

<ul>
<li>A novel, allosteric and highly potent USP1 inhibitor, LAE120 exhibits robust tumor inhibitory activity across various xenograft models</li>
<li>Significantly accelerated the progress of drug discovery leveraging cutting-edge AI models</li>
<li>Another potential anti-tumor drug candidate, LAE118 (a mutant-selective PI3Kα inhibitor) also in IND-enabling studies</li>
</ul>
Laekna (2105.HK) announced that the U.S. Food and Drug Administration (FDA) has approved the IND for LAE120, an internally discovered USP1 inhibitor, for the treatment of advanced solid tumors.

LAEKF

Reported Earlier, Laekna Secures FDA IND Approval For LAE120, Advancing Oncology Pipeline And Global Expansion With Lilly Partnership

TNYA

Reported Earlier, Tenaya Therapeutics Prices $52.5M Public Offering Of 75M Units, Strengthening Pipeline For TN-201 & TN-401

Massachusetts Department of Fire Services is offering a reward of up to $5000 for individuals who have a tip <a href="https://www.benzinga.com/markets/equities/25/02/43905675/tesla-will-press-charges-against-vandalism-at-superchargers-as-brand-backlash-grows-over-elon-musks-political-ties">on the fire that erupted</a> in the early hours of Monday at a Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supercharger in Littleton, Massachusetts.
What Happened: Littleton Fire Chief Steele McCurdy said in a statement on Monday that local and state investigators believe the charging station was intentionally set on fire. They added that those providing information that helps solve the arson attempt can gain awards up to $5000 under the Arson Watch reward program.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Investigators from <a href="https://twitter.com/LittletonFD?ref_src=twsrc%5Etfw">@LittletonFD</a>, <a href="https://twitter.com/LittletonMAPD?ref_src=twsrc%5Etfw">@LittletonMAPD</a>, and the <a href="https://twitter.com/MassStatePolice?ref_src=twsrc%5Etfw">@MassStatePolice</a> Fire Investigation Unit assigned to <a href="https://twitter.com/MassFireMarshal?ref_src=twsrc%5Etfw">@MassFireMarshal</a> believe this morning&#39;s fire at an EV charging station was intentionally set. Tipsters can call 1-800-682-9229: <a href="https://t.co/9UqruREcK4">https://t.co/9UqruREcK4</a> <a href="https://t.co/8qNZjl2aTl">pic.twitter.com/8qNZjl2aTl</a>
&mdash; Massachusetts Department of Fire Services (@MassDFS) <a href="https://twitter.com/MassDFS/status/1896712261021859917?ref_src=twsrc%5Etfw">March 4, 2025</a></blockquote>
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The fire broke out at the Tesla charging station at The Point Shopping Center on Constitution Avenue early on Monday morning. The Littleton Fire Department and Police Department responded to the fire just after 1 a.m. after a neighbor reported the fire. Seven chargers experienced heavy fire damage, the Massachusetts Department of Fire Services said.
&#8220;Based on evidence at the scene, Littleton Fire, Littleton Police, and State Police fire investigators collectively determined that the fire had been intentionally set,&#8221;&nbsp;the department said while adding that the investigation is &#8220;open and active.&#8221;
The Littleton Police Department confirmed that there were no injuries due to the arson attempt.
Tesla Aims To Bring Supercharger Back Online: &#8220;No customers were charging at time of the fire,&#8221; Tesla said in a post on social media platform X, formerly Twitter. 
The charging posts and wire will be replaced in less than 48 hours, and an arson investigation is ongoing, it added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No customers were charging at time of the fire. Posts &amp; wire will be replaced in &lt;48hrs. Critical infrastructure for EV drivers. Arson investigation ongoing with <a href="https://twitter.com/LittletonMAPD?ref_src=twsrc%5Etfw">@LittletonMAPD</a>.
&mdash; Tesla Charging (@TeslaCharging) <a href="https://twitter.com/TeslaCharging/status/1896718236080898292?ref_src=twsrc%5Etfw">March 4, 2025</a></blockquote>
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Why It Matters: Protests are ongoing across Tesla showrooms and charging stations in the U.S. against Tesla CEO Elon Musk&#8216;s attempt to reduce the federal workforce as part of his role as leader of the Department of Government Efficiency constituted by President Trump. 
According to data from Action Network, a platform that helps organize for certain causes, protests are also planned in Virginia, Oregon, California, Washington, and Maryland over the coming days.
The protests, <a href="https://www.benzinga.com/government/regulations/25/03/44071203/tesla-falls-nearly-23-destroying-354-billion-of-investor-wealth-in-2025-its-only-going-to-get-worse-says-top-investor">under the banner &#8220;Tesla takedown,&#8221;</a> call on people to sell their Tesla vehicles and dump their stock in a bid to stop Musk. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/03/44069703/tesla-china-wholesale-numbers-are-unimportant-says-researcher-heres-what-matters-more" target="_blank" rel="noreferrer noopener">Tesla China Wholesale Numbers Are Unimportant, Says Researcher: Here&#8217;s What Matters More</a></li>
</ul>
Photo courtesy: Tesla

Politics

Tech

Tesla Supercharger In Littleton, Massachusetts Set On Fire: Elon Musk-Led EV Giant Says No Customers Were Using Them

David Bailey, a well-known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate and CEO of Bitcoin Magazine, disclosed Sunday that China was holding confidential discussions to assess the creation of a strategic Bitcoin reserve.
What Happened:&nbsp;Bailey, a key campaigner for President Donald Trump last year, said in an X post that the Asian economic giant was &#8220;working double time&#8221; to establish its own national Bitcoin stockpile.
&#8220;They've been holding closed door meetings on the topic since the election,&#8221; Bailey stated. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">China is now working double time to stand up their own Strategic Bitcoin Reserve. They've been holding closed door meetings on the topic since the election.
&mdash; David Bailey&#x1f1f5;&#x1f1f7; $0.85mm/btc is the floor (@DavidFBailey) <a href="https://twitter.com/DavidFBailey/status/1896347493878861867?ref_src=twsrc%5Etfw">March 2, 2025</a></blockquote>
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The revelation was met with skepticism by X users, with many questioning the credibility of Bailey&#8217;s connections and his access to confidential information.
&#8220;Yes, you'd be amazed how many people reach out to you when you orange pill the American President,&#8221; Bailey defended his sources. 
The remarks coincided with<a href="https://www.benzinga.com/25/03/44068814/bitcoin-ethereum-dogecoin-rally-on-trumps-strategic-crypto-reserve-announcement-cardano-xrp-solana-skyrocket-analyst-says-btcs-new-ath-possible-later-in-the-month"> Trump&#8217;s announcement</a> that Bitcoin would be at the &#8220;heart&#8221; of a U.S. strategic cryptocurrency reserve, along with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>),&nbsp;XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>).
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">Bitcoin Is Digital Gold But &#8216;What&#8217;s The Rationale For An XRP Reserve&#8217;, Asks Peter Schiff: Cardano Founder Charles Hoskinson Says Trump Made The Right Decision</a>
Why It Matters: Bailey&#8217;s claims followed signals from China suggesting a probable shift in its stance on cryptocurrencies.
Zhu Guangyao, China's former Vice Minister of Finance, urged the Xi Jinping administration last year <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41087216/chinas-ex-finance-deputy-urges-xi-jinping-government-to-study-cryptocurrencies-in-light-of">to explore cryptocurrencies more thoroughly</a>, highlighting the importance of staying updated with international changes and policy adjustments.
Additionally, a Shanghai court <a href="https://www.benzinga.com/24/11/42103633/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k">confirmed</a> that it wasn&#8217;t&nbsp;illegal for individuals to hold&nbsp;cryptocurrency in China, although speculative trading could be subject to enforcement.
Despite a ban on cryptocurrency trading and mining, China <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up">continues to dominate the Bitcoin network</a>, controlling 55% of the global hash rate as of September 2024. There have been reports of a growing trend of <a href="https://www.benzinga.com/markets/asia/24/01/36777407/bitcoin-reclaims-spotlight-in-china-despite-ban-offering-safe-haven-for-investors" target="_blank" rel="noreferrer noopener">Chinese investors finding alternative</a> ways to engage in the cryptocurrency market
Price Action: At the time of writing, Bitcoin was exchanging hands at $83,661.68, down 9.78% in the last 24 hours, <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">according </a>to data from Benzinga Pro.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/03/44069228/elon-musk-labels-meme-coins-as-casino-like-dont-sink-your-life-savings">Elon Musk Labels Meme Coins Casino-Like: Tesla CEO Says &#8216;Don&#8217;t Sink Your Life Savings&#8217; Even As Dogecoin Pumps Over 10%</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Government

Regulations

$ADA

$BTC

$ETH

$SOL

$XRP

China Working Behind Closed Doors To Create Strategic Bitcoin Reserve, Says Bitcoiner Who 'Orange Pilled' Trump

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 1.404% Vs. 1.260% Prior

Reported Earlier, Australia Retail Sales (MoM) For January 0.3% Vs. 0.3% Est.; -0.1% Prior

Reported Earlier, Australia Current Account For Q4 -12.5B Vs. -11.8B Est.; -13.9B (Revised) Prior

Reported Earlier, Japan Capital Spending (YoY) For Q4 -0.2% Vs. 4.9% Est.; 8.1% Prior

Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) co-founder and venture capitalist Alexis Ohanian has joined Frank McCourt's <a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">bid to acquire</a> TikTok's U.S. operations, as competition intensifies with rival groups that include YouTube star Jimmy Donalson, aka MrBeast, tech entrepreneur Jesse Tinsley, and Wyoming investor Reid Rasner.
What Happened: McCourt announced Monday that Ohanian will serve as a strategic adviser for Project Liberty, which he calls "The People's Bid" to buy TikTok's U.S. assets, reported Reuters.
"He has that broad portfolio of experience … and a keen understanding of where social media is evolving," McCourt said about Ohanian's role.
See Also: <a href="https://www.benzinga.com/government/regulations/25/03/44100458/melania-trump-attacks-democrats-for-skipping-key-discussion-on-deepfakes-first-lady-wants-tougher-safeguards-for-children">Melania Trump Attacks Democrats For Skipping Key Discussion On Deepfakes — First Lady Wants Tougher Safeguards For Children</a>
Meanwhile, ByteDance, TikTok's Chinese parent company, <a href="https://in.benzinga.com/general/social-media/25/02/43511395/trump-pushes-for-tiktok-deal-china-could-oblige-if-it-werent-for-those-tariffs-heres-what-we-know">remains hesitant to define</a> the sale's terms or valuation and may choose to shut down TikTok U.S. rather than sell, the report noted..
Why It&#8217;s Important: With President Donald Trump granting a 75-day extension before a <a href="https://in.benzinga.com/general/social-media/25/02/43511395/trump-pushes-for-tiktok-deal-china-could-oblige-if-it-werent-for-those-tariffs-heres-what-we-know">potential TikTok ban</a>, bidders face mounting pressure to finalize a deal.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Jeff Bezos-backed Perplexity has also reportedly made a <a href="https://www.benzinga.com/general/social-media/25/01/43078206/jeff-bezos-backed-perplexity-reportedly-makes-50-billion-move-to-merge-with-tiktok-but-elon-musks-x-remains-this-analysts-favorite-bidder">$50 billion bid to merge</a> with TikTok. On the other hand, Elon Musk has <a href="https://in.benzinga.com/markets/25/02/43585669/elon-musk-shuts-down-tiktok-buyout-rumors-says-he-prefers-to-build-companies-from-scratch-i-rarely-acquire-companies">dismissed rumors</a> of his interest in acquiring TikTok.
Price Action: Reddit's stock ended Monday at $162.45, rising 0.41%. In after-hours trading, it added another 0.39%, bringing its year-to-date drop to 2.09%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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<li><a href="https://in.benzinga.com/25/02/43441666/cloudflare-introduces-one-click-tool-to-combat-deepfakes-and-misinformation" target="_blank" rel="noreferrer noopener">Cloudflare Introduces One-Click Tool To Combat Image Deepfakes And Misinformation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Media

RDDT

Reddit Co-Founder Alexis Ohanian Joins Frank McCourt's TikTok Bid Amid Competition From MrBeast, Jesse Tinsley, And Reid Rasner

First Lady Melania Trump used her first major public appearance to call for stronger protections against online abuse, advocating for legislation <a href="https://www.benzinga.com/general/entertainment/24/02/36999489/new-taylor-swift-deepfakes-circulate-on-x-falsely-portraying-her-as-trump-supporter-and-202">targeting deepfake</a> and revenge pornography while criticizing Democrats for their absence at the discussion.
What Happened: Speaking at a Capitol Hill roundtable on Monday, Trump reaffirmed her commitment to online safety through her revived "Be Best" initiative, calling on lawmakers to pass the "TAKE IT DOWN" Act, <a href="https://edition.cnn.com/2025/03/03/politics/melania-trump-online-behavior-solo-event/index.html">reported</a> CNN.&nbsp;
The <a href="https://www.benzinga.com/news/24/06/39377080/gop-led-bill-seeks-to-hold-facebook-instagram-x-and-other-platforms-responsible-for-policing-and-rem">bipartisan bill</a>, led by Sen. Ted Cruz (R-Tex.), criminalizes the distribution of nonconsensual intimate imagery, including AI-generated deepfake pornography, and mandates swift removal processes from social media platforms.
"In an era where digital interactions are integral to daily life, it is imperative that we safeguard children from mean-spirited and hurtful online behavior," Trump said.
See Also: <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44065912/massive-losses-for-crypto-traders-as-melania-memecoin-plummets">Massive Losses For Crypto Traders As MELANIA Memecoin Plummets</a>
She shared the story of Elliston Berry, a 15-year-old Texas teen whose image was manipulated into explicit content and circulated online. Berry and her family will be guests at President Donald Trump's upcoming address to Congress.
The first lady also took a swipe at Democrats for largely skipping the discussion, stating, "I expected to see more Democrat leaders with us here today to address this serious issue."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: Over the past year, AI-generated, <a href="https://www.benzinga.com/general/entertainment/24/01/36845419/satya-nadella-says-ai-generated-taylor-swift-deepfakes-are-alarming-and-terrible">nonconsensual pornographic</a> images have targeted a wide range of victims. These include high-profile figures like Taylor Swift and Rep. Alexandria Ocasio-Cortez. The voice alteration of former President Joe Biden last year also generated an uproar.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over 90% of all deepfake videos made are non-consensual sexually explicit images. Women are targeted 9 times out of 10. The DEFIANCE Act would be the first federal protection for survivors of deepfake pornography — allowing them to seek the justice they deserve. <a href="https://t.co/vTY0cvqCbe">pic.twitter.com/vTY0cvqCbe</a>
&mdash; Rep. Alexandria Ocasio-Cortez (@RepAOC) <a href="https://twitter.com/RepAOC/status/1795489693301145941?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
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In January 2025, the U.K. government said that in Britain, producing and distributing <a href="https://www.benzinga.com/government/24/04/38262970/ai-generated-sexually-explicit-deepfakes-on-uk-government-radar-as-new-law-seeks-to-criminalize-them">sexually explicit &#8220;deepfakes&#8221;</a> will be classified as a criminal offense.
In August 2024, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google said it <a href="https://www.benzinga.com/news/24/08/40089681/google-takes-action-against-deepfake-porn-in-search-results-as-others-like-mark-zuckerbergs-meta-and">implemented some online</a> safety tools to make removing explicit deepfakes from Search easier and reduce their visibility in search rankings.
Meta Platform, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Bullying and Harassment policy bans &#8220;derogatory sexualized photoshop or drawings&#8221; on its platforms.
However, dozens of explicit, AI-generated images of celebrities like Ariana Grande, Scarlett Johansson, and Maria Sharapova circulated widely on Facebook last month. These posts received hundreds of thousands of likes and reshares before Meta eventually took them down, <a href="https://www.cbsnews.com/news/meta-facebook-sexualized-ai-deepfake-celebrity-images-spread/">reported</a> CBS.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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<li><a href="https://in.benzinga.com/25/02/43441666/cloudflare-introduces-one-click-tool-to-combat-deepfakes-and-misinformation">Cloudflare Introduces One-Click Tool To Combat Image Deepfakes And Misinformation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Melania Trump Attacks Democrats For Skipping Key Discussion On Deepfakes — First Lady Wants Tougher Safeguards For Children

The Securities and Exchange Commission dismissed a lawsuit against cryptocurrency exchange Kraken and closed an investigation against non-fungible token company Yuga Labs, the two firms announced on Monday.
What happened: Dave Ripley, co-CEO of San Francisco-headquartered Kraken, said the SEC dismissed the lawsuit with no admission of wrongdoing, no penalties paid, and no changes to its business
"Crypto is coming, and it will have a big impact on the world economy," Ripley said. "It's great to see that this administration wants to lead.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The SEC has agreed in principle to dismiss its lawsuit against <a href="https://twitter.com/krakenfx?ref_src=twsrc%5Etfw">@krakenfx</a>. It's a massive win for crypto, the United States of America, and the world. Since our inception, Kraken has operated with integrity and dedication to doing the right thing. Regulation by enforcement has…
&mdash; Dave Ripley (@DavidLRipley) <a href="https://twitter.com/DavidLRipley/status/1896591015097807262?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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The SEC sued Kraken in November 2023,<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra"> accusing the trading platform of violating federal securities laws</a> by failing to register as a broker, a similar charge that the regulating body brought against fellow cryptocurrency exchanges Binance and Coinbase.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">Bitcoin Is Digital Gold But &#8216;What&#8217;s The Rationale For An XRP Reserve&#8217;, Asks Peter Schiff: Cardano Founder Charles Hoskinson Says Trump Made The Right Decision</a>
In other news, Yuga Labs, known for launching the popular Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based NFT collection Bored Ape Yacht Club, said that the SEC has officially closed their investigation into the company.
"This is a huge win for NFTs and all creators pushing our ecosystem forward,&#8221; Yuga Labs wrote on X. &#8220;NFTs are not securities.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.
&mdash; Yuga Labs (@yugalabs) <a href="https://twitter.com/yugalabs/status/1896687377915187538?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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The SEC was <a href="https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings">investigating</a> Yuga Labs over whether certain NFTs are "more akin to stocks" and if the sales of certain digital assets violate federal laws.
The SEC didn't immediately return Benzinga&#8217;s request for confirmation.
The development follows a series of similar actions by the SEC, including the <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-penalties">withdrawal</a> of its enforcement case against cryptocurrency exchange Coinbase, Robinhood Markets' cryptocurrency operations, Gemini, and <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43952007/sec-drops-another-case-uniswap-investigation-concludes-without-enforcement">decentralized </a>cryptocurrency exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>).
Photo via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/03/44069228/elon-musk-labels-meme-coins-as-casino-like-dont-sink-your-life-savings">Elon Musk Labels Meme Coins Casino-Like: Tesla CEO Says &#8216;Don&#8217;t Sink Your Life Savings&#8217; Even As Dogecoin Pumps Over 10%</a></li>
</ul>

$UNI

SEC Drops Lawsuit Against Crypto Exchange Kraken, CEO Calls It, 'Massive Win' — BAYC NFT Creator Yuga Labs Also Gets Reprieve

CoreWeave, Inc., a cloud computing firm backed by NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), filed its Form S-1 with the U.S. Securities and Exchange Commission on Monday, signaling its intent <a href="https://www.benzinga.com/25/02/44053318/nvidia-backed-coreweaves-4b-ipo-the-ai-booms-next-big-test">for an initial public offering</a>. 
What Happened: The company, which powers artificial intelligence workloads for giants like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), aims to list its Class A common stock on the Nasdaq under the ticker "CRWV." 
This IPO marks a pivotal moment for the AI infrastructure sector, projected by Bloomberg Intelligence to hit $399 billion by 2028.
Founded by Michael Intrator, Brian Venturo, and Brannin McBee, CoreWeave has positioned itself as the "AI Hyperscaler," delivering specialized GPU-based cloud services. Its revenue soared to $1.9 billion in 2024 from $229 million in 2023, a 737% jump, though it reported a net loss of $863 million, per the filing. 
The company's platform, boasting over 250,000 GPUs across 32 data centers, supports AI labs like Cohere and Mistral, leveraging contracts worth $15.1 billion in remaining performance obligations as of Dec. 31, 2024.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled' Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People's Lives'</a>
Why It Matters: CoreWeave's filing highlights its edge over-generalized clouds, claiming a 20% boost in model FLOPS utilization, a key efficiency metric. "Our platform is trusted by the world's leading AI labs," the prospectus states, citing a record-setting MLPerf benchmark in 2023—29 <a href="https://in.benzinga.com/25/02/44053318/nvidia-backed-coreweaves-4b-ipo-the-ai-booms-next-big-test">times faster than competitors</a>.
With $14.5 billion raised in debt and equity, including a $7.6 billion facility from Blackstone, CoreWeave eyes expansion amid a $20 trillion AI economic impact forecast by International Data Corporation for 2030.
The IPO, underwritten by Morgan Stanley and Goldman Sachs Group Inc., offers shares from both CoreWeave and selling stockholders, <a href="https://www.benzinga.com/markets/equities/24/05/38561494/nvidia-backed-ai-start-up-coreweave-lands-new-1-1b-funding-whats-on-the-cards">with pricing still undisclosed</a>.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IPOs

MSFT

Nvidia-Backed CoreWeave Files For IPO Amid Explosive AI Growth, Revenue Surges 737% To $1.9 Billion

Renowned economist and market commentator Peter Schiff called for a Congressional investigation Monday into President Donald Trump&#8217;s recent cryptocurrency announcements, citing potential insider trading and manipulation.
What Happened: In an X post, Schiff wanted clarity on several questions tied to Trump&#8217;s strategic cryptocurrency reserve declaration on Sunday. 
&#8220;Who authored the two Sunday afternoon posts on the President&#8217;s Truth Social account? Who knew about the first post in advance, and when were they first informed of the wording of the post and the timing of its release,&#8221; Schiff asked.
Notably, Trump announced the inclusion of XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) in the first post, sending the altcoins skyrocketing.
However, after a couple of hours, Trump&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/114093946326587357" target="_blank" rel="noreferrer noopener">said</a>&nbsp;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) would be at the &#8220;heart&#8221; of the reserve, causing a rally in the two blue-chip coins as well. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the following regarding this pump and dump scheme. Who authored the two Sunday afternoon posts on the President&#39;s…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1896660831880007729?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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Additionally, Schiff sought details of how much those with &#8220;advance notice&#8221; spent on the five cryptocurrencies, as well as how profit they made selling them.
&#8220;We also need all emails or text messages that involve any members of the President&#8217;s staff, his or their family or friends, his campaign donors, or Truth Social employees, that relate to either of the two Sunday Truth Social posts,&#8221; Schiff added. 
Former White House communications director&nbsp;Anthony Scaramucci&nbsp;shared Schiff&#8217;s concerns. saying, &#8220;This hurts and doesn't help the industry.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Peter is right about this. This hurts and doesn't help the industry. <a href="https://t.co/fqR7HQEy9y">https://t.co/fqR7HQEy9y</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1896666406436954182?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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The White House and Trump&#8217;s son Eric Trump didn&#8217;t immediately return Benzinga&#8217;s request for comment. 
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">Bitcoin Is Digital Gold But &#8216;What&#8217;s The Rationale For An XRP Reserve&#8217;, Asks Peter Schiff: Cardano Founder Charles Hoskinson Says Trump Made The Right Decision</a>
Why It Matters: Trump&#8217;s strategic cryptocurrency reserve declaration was marred by controversies, with the focus shifting to a <a href="https://in.benzinga.com/25/03/44069726/big-gamble-or-insider-tradingwhale-opens-50x-leveraged-long-position-on-bitcoin-etherum-closes-just-before-trumps-crypto-reserve-announcement">50x leveraged long trade</a> on Bitcoin and Ethereum that closed just before Trump&#8217;s post.
The announcement of the cryptocurrency reserve led to a short-lived rally, with Bitcoin reaching above $95,000. However, Trump&#8217;s tariff announcements <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44099481/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs-2">sent cryptocurrencies spiraling down</a> a day later, with Bitcoin dropping to an intraday low of $85,081,
Financial analysts like Tom Lee have indicated that Bitcoin&#8217;s short performance would <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44070486/bitcoin-will-surge-in-value-and-adoption-in-long-term-says-tom-lee-while-casting-doubt-on-near-term-performance-im-not-really-bearish-on-it-but">continue to be impacted by tariff-related developments</a>. His firm set a downside target of $62,000 for Bitcoin by the end of March.
Price Action: At the time of writing, Bitcoin was exchanging hands at $83,362.10, crashing 10.44% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
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</ul>

Peter Schiff, Anthony Scaramucci Question Trump's Crypto Reserve Announcements: 'Who Authored The Two Sunday Afternoon Posts…'

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