This Week in Bitcoin: GameStop Reveals Reserve, But Prices Concerns Rear Their Brain

Bitcoin swung off and down—as usual—over the last week, and while things were looking up tuesday, common inflation fears helped drop the amount by the time Friday rolled about.

The stock’s price was just at$ 82, 480 per gold, according to CoinGecko, before hitting a roughly three-week great of$ 88, 474 on Monday. As of this writing, Bitcoin is now down by about 2 % on the week.

Currency’s fall came after the U. S. Commerce Department reported Friday that the main Personal Consumption Expenditures Price Index, or PCE, was up 0.4 % in February—its largest regular boost in over a month.

Traders are still hesitant with risk-assets like Bitcoin and stocks ( which also dropped Friday ) as persistent inflation and President Trump’s trade war continue to unsettle the markets. However, it was an interesting year for Bitcoin.

ETF behavior

American Bitcoin ETFs took in fresh investor dollars each day from Monday through Thursday, Farside Investors information shows—but suddenly showed dark on Friday amid the broader areas impact.

Even so, the year’s total flows ended up in the natural at roughly$ 196.4 million. It may not sound like much, but after massive flows last month, it looks like crypto investors are seeing Bitcoin’s current price—24 % below its January all-time high—as a buying opportunity.

Store eager for peach coin

Video game shop and common image share GameStop updated its Investment Policy on Tuesday to notify investors that it would put “certain cryptocurrencies, including Bitcoin” to its balance sheet.

The firm then said Wednesday that it would follow in the footsteps of Strategy ( formerly MicroStrategy ) and raise money from investors in the form of debt to buy the asset. Store aims to raise$ 1.3 billion to assist in its Crypto consolidation purpose.

Store first made headlines in 2021 when professional traders started buying its dead stock and pumping its price—leading to the image investment trend.

It’s then trying to strengthen its novels by buying “digital gold”. But while the cost of GME investment rose on the first announcement this year, it’s since plunged following expression of the increase, as GameStop investors don’t seem too keen on raising money for the ploy.

Miners hit Florida

Bitcoiners arrived in Fort Lauderdale this week for the world’s biggest mining conference: Mining Disrupt.

Engineers from the top manufacturing companies and vendors pushed a narrative that miners should be dipping their toes into the world of AI data centers to raise their game as BTC’s price dips and difficulty continues to climb.

was there to see if it really was as simple as that, and also learned that small businesses are tempted to start the trade in their backyard—but not by mining BTC: DOGE ASICs are still hot, apparently.

Brazil to buy Bitcoin?

The world’s richest country may be keen on stacking sats via a strategic reserve—but will the move inspire other nation states?

In short, it looks like it: Brazil, the second biggest economy in the America’s and biggest in Latin America, might be doing so soon.

Pedro Giocondo Guerra, a bigwig in leftist President Inácio Lula da Silva’s administration, said that buying and holding Bitcoin would be “in the ( country’s ) public interest”.

Guerra, who is chief of staff to Vice President Geraldo Alckmin, made the comment at a congressional ceremony.

Brazil has a huge crypto market—the biggest in South America—and the Brazilian real was the worst-performing major currency last year. Politicians could be seeing an opportunity.

Trump video debunked

Here’s a fun one to end the week: An obviously doctored video of President Trump started making the rounds on Facebook and Crypto Twitter, showing him cracking out the Bitcoin whitepaper in the Oval Office.

Of course, it wasn’t real—but it riled up some Bitcoin supporters. And while Trump has recently embraced Bitcoin and cryptocurrency, he’s hardly a longtime aficionado, having previously been a skeptic who called it a “scam” and said he was” not a fan” of Bitcoin.