Despite the weakened sentiment, Bitcoin's MVRV ratio hints at a potential recovery after significant investor position reductions.
Bitcoin surged past $84,000 on Wednesday after new inflation data showed consumer prices rose less than expected in February, easing fears of aggressive Federal Reserve rate hikes.
Bitcoin hovers at $83.5K as Rumble invests $17M in BTC, Texas proposes a $250M crypto fund, and ETF outflows weigh on prices. Will BTC break $85K soon? The post Bitcoin Hits $83.5K as Texas Eyes $250M BTC Fund—What's Next for Crypto? appeared first on Cryptonews.
Bitcoin is beginning to show signs of a potential reversal after experiencing a prolonged bearish trend. Although the cryptocurrency remains below $85,000, it has recorded a 2.6% increase, with its price currently at $83,510.
Altcoins can offer greater short-term trading opportunities, albeit at a higher risk.
Tokyo-based investment firm Metaplanet has doubled down on its aggressive Bitcoin accumulation strategy amid the crypto market bearishness, emulating the moves of Michael Saylor's Strategy.
On March 12, Bitcoin spot ETFs experienced a net inflow of $13.33 million, marking a significant rebound after seven consecutive days of outflows. The post Bitcoin Spot ETFs See $13.3 Million Inflow, Ending Seven-Day Outflow Streak appeared first on Cryptonews.
Bitcoin's price has been struggling to maintain upward momentum, remaining below $85,000 and facing continued selling pressure. While the broader market still exhibits macro bullish patterns, the short-term outlook for Bitcoin remains bearish.
A widely followed crypto analyst says that one metric suggests Bitcoin (BTC) is gearing up for a massive breakout.
Despite Bitcoin's market correction, the asset remains strong while many altcoins have sunk back to bear market depths.
XRP, Dogecoin, Bitcoin News: XRP Short Bias Lingers Amid Ripple Legal Hopes, DOGE Nears Death Cross as BTC Dominance Hits 4-Year high
The crypto market today has gotten some relief, as the U.S. CPI data went down from 0.3% in January to 0.2% in February. Considering numbers on a yearly basis, inflation has dropped from 3.0% to 2.8%, which is against the prediction of 2.9%.
Bitcoin (BTC) recorded slight gains as the Consumer Price Index (CPI) inflation rate for February came in lower than expected. The softer inflation reading fuelled hopes of interest rate cuts by the US Federal Reserve (Fed), potentially benefiting risk-on assets.
Bitcoin must close the week above $89,000 to signal an end to the short-term downtrend, says a crypto analyst.“The only way for Bitcoin to confirm that the bottom is actually in would be to close a weekly back above $89K,” crypto analyst Matthew Hyland said in a video posted to X on March 13.
Ethereum's native token, Ether (ETH), has dropped to its multi-year lows against Bitcoin (BTC), prompting analysts to predict further declines in the coming weeks.Falling knife warning furthers sell-off risks On March 13, ETH/BTC—a pair that tracks Ether's strength against Bitcoin—dropped by over 1.50% to reach $0.022, its lowest level since May 2020. ETH's descent is part of its multi-year downtrend that started when it established a record high of $0.156 in June 2017.
Bitcoin remains under pressure as bearish momentum intensifies, with the cryptocurrency struggling to hold the critical $75,000 support level. Increased volatility has raised concerns about a potential breakdown, making recovery efforts more challenging.
Economist and market commentator Peter Schiff warned on Wednesday that Americans would bear the brunt of the impact should the Bitcoin (CRYPTO: BTC) “bubble” burst. What Happened: During his podcast, Schiff disputed the notion that the U.S. establishing a Strategic Bitcoin Reserve would spark a global race to acquire BTC.
Bitcoin has seen a sharp decline over the past few days, dropping below $80,000 again very briefly in the past 24 hours.
Bitcoin (BTC) price led the wider crypto market in a mild rebound in the past 24 hours, following the U.S. CPI report that dropped to 2.8 percent below expectations of 2.9 percent.
According to Glassnode, Bitcoin (BTC) is experiencing a prolonged distribution phase. Furthermore, both market momentum and capital flows have shifted into negative territory, suggesting a decrease in demand.
Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging.
The crypto market today (March 13) has continued to keep investors hopeful, preventing a downtrend amid macro relief. With cooler U.S. CPI data released recently, risk assets have witnessed a positive market sentiment.
Video-sharing platform Rumble has invested $17m in Bitcoin, positioning the move as a hedge against inflation and currency dilution. The post Rumble's Bitcoin Bet Grows with $17M Purchase appeared first on Cryptonews.
Robert Kiyosaki, author of Rich Dad Poor Dad, claims the “biggest crash in history” is upon us, suggesting the current market crash will be worse than the 1929 market collapse, ending what he calls the “everything bubble”, and ushering in a new era of financial hardship.
On-chain data shows that Bitcoin short-term holders have been selling at a notable loss recently, something that has led to bottoms in the past. Bitcoin Short-Term Holders See SOPR Plunge Under 1.
JPMorgan Chase CEO Jamie Dimon is well-known in cryptocurrency circles for his fierce criticism of Bitcoin (CRYPTO: BTC), even going so far as to dub the leading coin a "fraud." What Happened: From announcing that he would “fire in a second” any JPMorgan trader seen trading in Bitcoin to questioning the asset's supply limit of 21 million, Dimon's views don't seem to have evolved.
Ethereum's value against Bitcoin has hit its lowest level since mid-2020, with a crypto trader suggesting that it might be time to shift into higher-performing altcoins.“If still stuck on ETH, it is likely a good time to dump it to buy a higher beta altcoin,” economist and crypto trader Alex Kruger said in a March 12 X post.
Japanese investment firm Metaplanet has added more Bitcoin to its portfolio, bringing its total holdings past 3,000 BTC. The company recently acquired 162 BTC at an average price of ¥12.39 million ($83,635) per Bitcoin.
Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels.
The market is grossly underestimating the U.S. Strategic Bitcoin Reserve's impact, an expert says, as it pressures institutions, nations, and wealth managers to adapt—or be left behind.
Jurrien Timmer, director of global macro at Fidelity Investments, believes Bitcoins key support level to watch is $70,000. He suggests that the recent correction may be a setup for the next rally, with Bitcoin now returning to a more grounded valuation.
Mt. Gox has once again made headlines with a massive Bitcoin transfer. On March 12, blockchain tracking platform Lookonchain reported that the defunct exchange moved 11,834 BTC, worth approximately $931.19 million.
The U.S. is pushing to establish a Strategic Bitcoin Reserve, with the BITCOIN Act of 2025 in the House and a Senate companion bill, aiming to acquire 1 million bitcoin in five years without taxpayer burden.
Bitcoin ETFs experienced net withdrawals on most trading days this month. March opened with continuous outflows, extending a downturn that began in late February.
XRP rallies as SEC vs. Ripple appeal talks heat up.
Crypto analyst Tony Severino has warned that the Bitcoin price risks a further crash. This came as he revealed a critical technical indicator, which has turned bearish for the flagship crypto, although he noted that BTC bulls can still invalidate this current bearish setup.
Ethereum price came under intense pressure this week as its crash gained steam. The ETH/BTC pair plunged to a low of 0.0225, its lowest level since May 2020. It has plunged by over 75% from its highest level in December 2021.
After weeks of dictating its market direction, XRP is still stuck in a downward channel. Both the channel's upper and lower boundaries has been moving steadily downward.
The crypto market cap just hit $2.69T—why are investors pulling funds from ETFs despite this growth?
An analyst known for nailing the end of the 2021 crypto cycle believes that Bitcoin's drop below $80,000 is designed to lure BTC bears into thinking that the bull market is over.
Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant's community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline.
Bitcoin (BTC) is at a critical point in its current cycle, with signs that it may be diverging from past halving patterns. Unlike previous cycles, where strong rallies followed halvings, this one has been more uncertain.
The price of Bitcoin (BTC) has fallen sharply to the expected level of $80,336.10. BTC price analysis by Coinidol.com.
Singapore-based Bitcoin miner Bitdeer has significantly boosted its BTC holdings since 2025 began, now holding almost $87 million worth.
Ethereum Layer-2 Starknet has announced plans to launch a Bitcoin L2 to unify the two biggest blockchain ecosystems. In a post on X, Starknet added that it will become the first L2 to settle on both networks.
Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest lending institution in Spain and one of the largest in Europe, has announced the integration of crypto into an upcoming platform as part of its service offering.
Video-sharing platform Rumble says it had purchased more than $17 million worth of Bitcoin as part of a previously announced investment strategy.In a March 12 notice, Rumble said it had added 188 Bitcoin (BTC) to its treasury for roughly $17.1 million. The investment, suggested by CEO Chris Pavlovski in November following Donald Trump winning the US presidential election, was touted as a hedge against inflation and part of a broader move to deepen ties to the crypto industry.