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.
Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors.
Bitcoin and Ethereum struggle to maintain gains, while XRP rallies on optimism over the SEC potentially closing its case against Ripple. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,997.45 -0.13% Ethereum (CRYPTO: ETH) $1,876.24 -3.7% Solana (CRYPTO: SOL) $124.56 -2.1% XRP (CRYPTO: XRP) $2.23 +2.5% Dogecoin (CRYPTO: DOGE) $0.1689 +1.3% Shiba Inu (CRYPTO: SHIB) $0.00001229 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.2% and daily active addresses falling by 3.4%.
The 1-week liquidation heatmap showed a range formation under $2,000 could materialize.
Bitcoin's (BTC) dominance has crested new highs as altcoins' short-lived rally fizzles, according to data from Matrixport, a cryptocurrency financial services platform. As of March 12, Bitcoin dominance — a measure of Bitcoin's share of crypto's overall market capitalization — stands at 61.2%, according to Matrixport.
Ethereum price is poised for further recovery as analysts have identified hidden bullish divergence that could enhance the previous rally. The pattern which indicates momentum shifts has it that, contrary to the present slump in the price, ETH could be on course to rise above its previous record high of $4,850.
The amount of Bitcoin (BTC) held by public corporations reached 592,112 BTC in 2024, according to Bitcoin Treasuries data. Bitwise head of research Ryan Rasmussen highlighted that the number is twice as much Bitcoin as institutions accumulated in the previous five years combined.
Jurrien Timmer, director of global macro at Fidelity Investments, has weighed in on the Bitcoin price action, arguing that $70,000 is the main level to watch.
ARK Investment Management LLC, led by Cathie Wood, has made a notable shift in its investment strategy. The firm recently stopped selling Bitcoin and ramped up its Coinbase (COIN) stock purchases.
Bitcoin miners are ramping up BTC sales, adding to market pressure as price declines continue. CryptoQuant data shows a surge in miner-to-exchange flows, signaling financial strain ahead of the Bitcoin halving. The post Bitcoin Faces Increased Selling Pressure Amid Miner Sell-Offs – CryptoQuant appeared first on Cryptonews.
Ethereum's price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.
Are institutional investors rethinking their Bitcoin exposure amid regulatory uncertainty?
Rich Dad Poor Dad author Robert Kiyosaki is doubling down on Bitcoin (BTC) and precious metals as he warns of a possible US economic collapse. Kiyosaki tells his 2.7 million followers on the social media platform X that the market selloff this week may indicate the “everything bubble” is on the verge of collapse.
Deutsche Bank has highlighted several benefits associated with the decision of the US to proceed with a Strategic Bitcoin Reserve. The German bank says the move can trigger economic upsides for the US while laying a precedent for international standards.
The video-sharing platform's purchase forms part of its plan to allocate up to $20 million to Bitcoin.
The U.S. SEC has delayed decisions on spot ETFs for major altcoins including XRP, SOL, ADA, and DOGE until May, citing the need for further review. Meanwhile, the agency will host a key roundtable to address crypto asset classification and pave the way for clearer regulation.
Bitcoin (BTC) is trading below key support levels after massive selling pressure hit the market, fueling fear and uncertainty among investors. Since the start of March, BTC has lost over 19% of its value, triggering concerns that further downside may be ahead.
Bitcoin drops 26.3% from its $110K peak amid Trump's tariff war and Fed policies. However, easing whale selling and a key macro signal suggest a potential rebound ahead.
In an interview with BeInCrypto, Johnny Garcia, Managing Director of Institutional Growth and Capital Markets at VeChain Foundation, addressed the rejection of Bitcoin (BTC) reserve bills. He emphasized that the core issue goes beyond legislative resistance—highlighting the need for greater education for both the public and policymakers.
Nebraska will begin regulating Bitcoin and crypto ATMs to protect customers from scams, after Governor Pillen signed the bill into law.
The US Securities and Exchange Commission has postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity's Ether (ETH) exchange-traded fund (ETFs). The agency has given itself until May 14 to approve or disapprove of Cboe BZX's request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing.
Analyt project massive BTC dominance if its DeFi sector is fully tapped.
Bitcoin price climbed 7.4% in 24 hours, reclaiming $83,700 after bottoming at $76,000. Softer inflation data and easing geopolitical risks fueled gains.
The crypto market is facing a decline, with increased fear coming from trade tensions and the effects of President Trump's Bitcoin Reserve order. Ethereum, a leader in the altcoin sector, has seen a significant decline, dropping nearly 14% over the past week.
Bitcoin (BTC), Ethereum (ETH) and XRP face carnage in response to Trump's policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday.
Speculations about a bear market have grown sharply within the community following Bitcoin‘s persistent struggles with bearish conditions and the entire crypto market cap dropping by more than 20% in the last few months. Volatility may be increasing, but major investors are still confident about BTC's prospects as they scoop up more coins.
Ethereum (ETH) has seen a significant decline in price, falling from $2,800 to around $1,900 in recent weeks. This drop has triggered a major bearish signal, the first of its kind in two years.
A trader on decentralized exchange Hyperliquid exited a $200 million leveraged ethereum trade with a $1.8 million profit, while the platform's liquidity pool absorbed a $4 million loss, prompting leverage adjustments to mitigate future risks. Trader Profits $1.8M as Hyperliquid's Liquidity Pool Takes $4M Hit A Hyperliquid trader using wallet “0xf3f4” deposited $4.
Bitcoin has fallen sharply over the past 30 days, falling from a record high of 109k to a low of 77k this week, a level that was last seen in November last year. This puts losses at almost 30%.
Bitcoin struggles near $84K as analysts warn of a final drop to $73K. Soft U.S. inflation data lifts sentiment, but Mt. Gox BTC transfers add uncertainty. The post Bitcoin Faces ‘Final Leg Down' to $73K – Here's What Could Happen Next appeared first on Cryptonews.
Bitcoin Magazine Rumble Acquires $17.1 Million in Bitcoin as Part of Treasury Strategy Video-sharing platform Rumble boosts its Bitcoin holdings with a 188 BTC purchase, reinforcing its commitment to a Bitcoin treasury strategy. This post Rumble Acquires $17.1 Million in Bitcoin as Part of Treasury Strategy first appeared on Bitcoin Magazine and is written by Nik.
Bitcoin ETF outflows have nearly amounted to $750 million in the last two days as the crypto market consistently fell. BlackRock, the largest issuer, has offloaded around 2,000 BTC in the previous 24 hours.
The CESR captures the mean annualized staking rate earned by Ethereum validators.
The company redirected mining rigs to self-mining as customer delayed payments during bitcoin's price drop.
Starknet plans to expand Bitcoin use cases by bridging Bitcoin and Ethereum. StarkWare recently established a Bitcoin strategic reserve.
Ethereum's native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level. While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts.
Bitcoin remains at risk despite short term relief on cooler inflation data. PI, TIA lead daily gains for altcoins.
Strike CEO Jack Mallers has highlighted Bitcoin's (CRYPTO: BTC) growing dominance in the global store of value market, valued at approximately $400 to $500 trillion. What Happened: Speaking to Anthony Pompliano at the New York Bitcoin Investor Week from Feb. 24 to Feb. 28, Mallers stated that with Bitcoin's market cap at just $1.5 trillion it is still in the early stages of adoption.
Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.
Overall selling pressure from BTC miners have relatively subsided in the past two weeks.
Hemi Labs has signed up dozens of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.
Ethereum price is in its third consecutive week in the red as investors remain on the sidelines. Ethereum (ETH) traded at $1,758 this week, its lowest level since October 2023.
Ryan turned down an opportunity to help led the Ethereum Foundation and instead joined Etherealize, an organization focused on bringing Ethereum to Wall Street.
The crypto market recovered some of its losses Wednesday following a lower-than-expected US Consumer Price Index (CPI) report. Bitcoin surged above $84,000, while XRP crossed the $2.25 mark, gaining 6% in the last 24 hours.
On March 7, President Donald Trump was in attendance at the White House cryptocurrency summit, where he announced the formation of a Strategic Bitcoin Reserve. That repository, should it actually be formed, will contain Bitcoin (BTC 0.62%), and the similar Digital Asset Stockpile will contain other cryptocurrencies.
Popular cryptocurrency XRP may be running out of steam against its major counterpart, Bitcoin (BTC). As became known thanks to Bollinger Bands, an interesting thing happened - XRP recently hit a middle band at 0.00002685 BTC and, unfortunately for its supporters, did not make it above.
The digital asset traded just below $82,000 this morning despite positive macroeconomic data that shows tempered inflation. Bitcoin Flatlines as Inflation Eases The dominant cryptocurrency remained mostly flat over the past 24 hours as better-than-expected inflation data cultivated optimism in traditional markets. Bitcoin (BTC) traded within a range of $79,059.43 to $84,358.