Bitwise chief investment officer (CIO) Matt Hougan says that Bitcoin (BTC) is potentially in the middle of a “dip and rip” price action scenario. In a new note to investors, Hougan explains that in moments of crisis, Bitcoin often plunges deeper than the stock market, but then rallies harder on the recovery.
Bitcoin Magazine If Congress Wants To Be Pro Bitcoin, Then Act Like It I'm starting to understand that many pro-Bitcoin congressmen and congresswomen aren't even aware of prosecutions against developers, let's fix that. This post If Congress Wants To Be Pro Bitcoin, Then Act Like It first appeared on Bitcoin Magazine and is written by Shinobi.
Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell.
Ethereum (ETH) has plunged to roughly $2,100, a 2023 nadir among other variables like geopolitical risk, pessimistic sentiment, and diminishing institutional demand during the more general breakdown in the crypto market.
Congressman and Vice Chairman of the Digital Assets Subcommittee Tom Emmer believes the strategic Bitcoin (BTC) reserve plan to acquire 1 million BTC will be enacted before the end of this Congress. While participating in the Digital Asset Summit, he acknowledged the multiple bills to implement state-level Bitcoin reserves.
Bitcoin is trading at $84,502, commanding a market cap of $1.67 trillion, representing 60.3% dominance in the $2.78 trillion crypto economy. With a 24-hour trading volume of $26 billion and an intraday price range between $81,294 and $84,852, bitcoin remains 22.2% below its all-time high, facing key resistance and support levels across multiple timeframes.
Congressman and Vice Chairman of the Digital Assets Subcommittee Tom Emmer believes the strategic Bitcoin (BTC) reserve plan to acquire 1 million BTC will be enacted before the end of this Congress. While participating in the Digital Asset Summit, he acknowledged the multiple bills to implement state-level Bitcoin reserves.
The U.S. central bank's “dot plot” forecast the same number of rate cuts as it did in December.
BTC went up and down by around a grand.
The road ahead for Bitcoin looks promising. At least, this is the prediction of Bitwise Chief Investment Officer Matt Hougan.
Global M2 money supply is at an all-time high — so why isn't Bitcoin surging? Is something broken, or is a delayed breakout coming?
Ethereum (ETH) has faced sustained bearish pressure in recent weeks, with its price struggling to gain upward momentum. Weak on-chain data and a lack of bullish sentiment have raised concerns among investors and analysts about the cryptocurrency's long-term trajectory.
Ethereum was deflationary not long ago, just last year. Now, its supply is increasing at almost the same levels as bitcoin.
Analyst say a dovish stance from the fed could push bitcoin towards $100k.
Balance between sales and business growth
With the SEC dropping its four-year lawsuit against Ripple, industry experts are examining whether Ripple (CRYPTO: XRP) could overtake Ethereum (CRYPTO: ETH) in market capitalization, a feat that would require overcoming significant market and structural challenges. What Happened: The legal resolution, confirmed by Ripple CEO Brad Garlinghouse, has already driven XRP's price to $2.53, a 13% increase, according to data from CoinMarketCap, reflecting renewed investor confidence.
The Hyperliquid whale that shorted BTC with 40X leverage linked his wallet to an X identity, an account belonging to a Bitcoin maximalist from 2014.
The funds, which track the price of the largest cryptocurrency by market value, have shed assets in recent weeks.
Bitcoin Magazine How Bitcoin ETFs and Mining Innovations Are Reshaping BTC Price Cycles Mitchell Askew of Blockware Solutions explains how Bitcoin ETFs are bringing institutional stability and reshaping BTC's traditional price cycles. This post How Bitcoin ETFs and Mining Innovations Are Reshaping BTC Price Cycles first appeared on Bitcoin Magazine and is written by Mark Mason.
Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending.
Ethereum developers plan to sunset the network's largest testnet, Holesky, which will be replaced by a new trial environment called Hoodie.
Bitcoin is fighting to reclaim key resistance levels as macroeconomic uncertainty and trade war fears continue to impact both crypto and equities in the U.S. The leading cryptocurrency has lost over 29% of its value since January, and the downtrend shows no clear signs of reversal yet.
The government wants "as much Bitcoin as possible"—but how will they acquire it without taxpayer funds?
Ethereum (ETH) rose 9% to reclaim $2,000, hitting an intraday high of $2,032.01. Ethereum spot ETFs saw $52.81 million in net withdrawals, marking a ten-day streak.
Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, joins CoinDesk to discuss the future of crypto under the Trump administration, with a focus on the strategic bitcoin reserve, regulatory framework and U.S. dominance in the digital assets space. This content should not be construed or relied upon as investment advice.
The Japanese hotel and investment firm Metaplanet has issued fresh bonds and accumulated an additional 150 Bitcoin (BTC). The new Bitcoin acquisition brings the investment firm's total holdings to 3,200 BTC. With Bitcoin trading at $81,383 at time of writing, that means Metaplanet currently owns more than $260.4 million worth of the top crypto asset.
Data center infrastructure provider Hive Digital is doubling down on its long-term Bitcoin treasury strategy and is using the recent market sell-off to expand its mining capacity and acquisition targets, signaling a growing shift among public miners to retain their mined assets. In an interview with Cointelegraph, Hive Digital's chief financial officer, Darcy Daubaras, said the company remains focused on “retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation.
Ethereum's price has now found itself stuck below $2,000 in the past seven days, and it looks like it will continue here into the next few days with little sign of a significant recovery. The second-largest cryptocurrency by market capitalization has struggled under downward pressure since early March, with sellers dominating the wider crypto market.
ETH has outperformed BTC and many other leading cryptocurrencies in terms of a daily gain.
Ethereum price has returned to a critical psychological support. We discuss its probability of staying on the upside.
Jan Kubíček, a Czech National Bank's (CNB) board member, has reportedly questioned Bitcoin's suitability as a reserve asset. He pointed to its legal uncertainty and price instability as key reasons for skepticism, casting doubt on whether the bank will integrate the digital asset into its portfolio.
The markets await signals of stability
Jan Kucicek, a member of the Czech National Bank (CNB), has expressed skepticism regarding the potential inclusion of Bitcoin, the leading cryptocurrency, in the country's reserves, according to a Wednesday report by Reuters.
Assessing crypto market sell-off drivers and what to expect post-FOMC.
Crypto traders will watch Jerome Powell's speech, which occurs after the FOMC meeting on March 19, to ascertain the state of the national economy, whether interest rates will be cut further, and to get a general impression as to the Fed's outlook for the future of crypto regulation. The trade war between America, China, and Canada has introduced uncertainty into the markets and created volatility in the Bitcoin market.
Solana-based exchange-traded funds (ETFs) have not yet launched on the U.S. market, but one crypto expert speculates that the SOL-based products could go live this year and thinks they could outshine Ethereum's similar vehicles.
Czech National Bank board member Jan Kubicek dismisses Bitcoin reserves due to volatility and legal risks, countering Governor Michl's diversification push amid ongoing analysis of new asset classes. The post Czech Central Bank Official Dismisses Bitcoin Reserves Over Legal and Volatility Risks appeared first on Cryptonews.
A hacker exploited AI crypto bot AIXBT's dashboard to steal 55.5 ETH ($106,200), prompting server migrations and security upgrades. Core systems remained unaffected, but the breach highlights risks in AI-integrated crypto tools. The post Hacker Exploits AI Crypto Bot AIXBT, Steals 55 ETH appeared first on Cryptonews.
As Ethereum hangs in the balance, its biggest concern may not be the bearish market backdrop, but growing doubts about its dominance. The post Could Ethereum Be Entering a Death Spiral? ETH Risks Critical 5-year Support appeared first on Cryptonews.
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Despite the significant volatility in the market, Bitcoin has managed to maintain its position above $80,000 support since it recovered the price level over a week ago. As BTC's price undergoes a persistent bearish movement, its market dynamics appear to be changing toward a new price territory.
With interest rates expected to remain untouched, all eyes are on the Federal Reserve's economic outlook, which will likely have some impact on the price of BTC. Fed Decision Looms While Bitcoin Trends Upward Bitcoin ( BTC) climbed 3.49% over the past 24 hours, reaching $84,191.67 at the time of reporting, according to Coinmarketcap.
TL;DR “Address Poisoning” attacks have led to losses of $1.2 million in March, highlighting the growing problem of phishing scams in cryptocurrencies. This type of fraud involves sending small transactions to victims with addresses similar to those they frequently use, tricking them into transferring funds to scammers.
The deprecation plan comes after Holesky fell offline due to a faulty test of Ethereum's upcoming Pectra update.
If the Bitcoin accumulation trend continues, it could become a significant support level for BTC's price if it soars to higher levels.
Most of the coins are bouncing off today, according to CoinStats.
Max Keiser, a Bitcoin maximalist and BTC advisor to El Salvador's president Nayib Bukele, has taken to his account on the X platform (formerly known as Twitter) to double down on his earlier forecast of BTC reaching $2,200,000 per coin in the future.