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Trump's crypto czar David Sacks confirmed on Fox News that a national BTC reserve is being studied, but the market isn't buying it

Crypto.com has announced it will delist Tether’s USDT and nine other tokens in Europe by Jan. 31, 2025, to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA).

Bitcoin's price dropped 6.5% on Jan. 27, falling to $97,906 as a result of a broader market decline linked to a new AI model release from China-based DeepSeek.

Donald Trump’s meme coin, TRUMP, which launched on Jan. 17, can now be used to purchase merchandise like sneakers, watches, and fragrances from websites linked to his business ventures.

Bitcoin’s price fell by more than 1.6% today as investors await the Federal Reserve’s decision on interest rates.

Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs. Mixed results from megacap companies Microsoft, Tesla and Meta Platforms on Wednesday threatened to add to volatility following ruptures earlier in the week in the artificial intelligence trade that has helped propel tech's stock market leadership. The Federal Reserve also paused its rate-cutting cycle on Wednesday -- a decision that investors had been bracing for.

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Wall Street is mainly focused on Apple's iPhone sales in China and any guidance related to its March quarter, which could include iPhone SE4 sales.

"We sit here and we're scouring the globe, and everyone's losing brain cells around AI," Porter Collins of "The Big Short" fame said.

Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.