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news-imageMarch 23, 2025

Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns

A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar's global dominance. Dollar-Pegged Stablecoins Bolstering Dollar's Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S.
Publisher: Bitcoin
Sentiment: Neutral
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cover-imageCointelegraph
March 24, 2025

Bitcoin ‘more likely' to hit $110K before $76.5K — Arthur Hayes

Bitcoin could reach a new all-time high of $110,000 before any significant retracement, according to some market analysts, who cite easing inflation and rising global liquidity as key factors supporting the price rally.Bitcoin (BTC) has been rising for two consecutive weeks, achieving a bullish weekly close just above $86,000 on March 23, TradingView data shows. Combined with fading inflation-related concerns, this may set the stage for Bitcoin's rally to the $110,000 all-time high, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.

Positive
cover-imageBenzinga
March 24, 2025

Bitcoin ETFs Saw $724 Million In Inflows Last Week, Snap Outflow Streak: Report

Bitcoin (CRYPTO: BTC) investment products attracted $724 million in fresh inflows last week, marking a sharp reversal after five consecutive weeks of outflows, according to CoinShares' report on Monday. What Happened: The surge comes as the broader digital asset investment market recorded $644 million in inflows, snapping a prolonged trend of investor withdrawals that totaled $5.4 billion for Bitcoin alone over the previous five weeks.

Positive
cover-imageCointelegraph
March 24, 2025

Michael Saylor's Strategy surpasses 500,000 Bitcoin with latest purchase

Michael Saylor's Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback.Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities and Exchange Commission (SEC). Source: US SEC Following the latest acquisition, the company now holds more than 500,000 Bitcoin, with a total of 506,137 Bitcoin acquired at an aggregate purchase price of roughly $33.7 billion and an average purchase price of approximately $66,608 per Bitcoin, inclusive of fees and expenses.

Positive
cover-imageBenzinga
March 24, 2025

Bitcoin Could Replace Tesla In 'Magnificent 7' To Boost Returns, Reduce Volatility: Standard Chartered

Bitcoin (CRYPTO: BTC) may have outgrown its status as just a hedge against traditional finance risks and is increasingly behaving like a Nasdaq-listed tech stock, according to new research from Standard Chartered's Head of Digital Asset Research, Geoffrey Kendrick. What Happened: In a note shared with Benzinga Monday, Kendrick highlighted how Bitcoin's short-term trading patterns are highly correlated to the Nasdaq Composite, suggesting BTC is serving a dual role in modern portfolios.

Positive
cover-imageCointelegraph
March 24, 2025

Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21.Bitcoin (BTC) ETFs clocked a net inflow of $744.35 million — the highest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue. US-based spot Bitcoin ETF net flows get back on track.

Negative
cover-imageCointribune
March 24, 2025

April Is Going To Hurt Bitcoin Miners

Bitcoin mining has never been a walk in the park, but lately, it has become downright arduous. The sector has to juggle a delicate equation: a hashprice that remains stagnant, increasing difficulty, and transaction fees melting away like snow in the sun.

Positive
cover-imageThe Cryptonomist
March 24, 2025

Metaplanet announces the purchase of another 150 BTC immediately after Eric Trump joins the company

Metaplanet has announced the purchase of an additional 150 Bitcoin (BTC), bringing the total of its reserves to 3,350 BTC. The Tokyo-based company now holds an estimated value of 291 million dollars at current market rates. The portfolio enhancement comes just days after the appointment of Eric Trump, son of the President of the United States Donald Trump, as a member of the company's strategic advisory board. The choice to purchase and hold Bitcoin is part of the company's strategy to increase shareholder value, measuring results through the BTC Yield. This indicator analyzes the increase in Bitcoin holdings relative to the total number of shares over a specific period. In the early months of 2025, Metaplanet recorded a BTC Yield of 68.3%, confirming a significant growth rate and strong interest in the cryptocurrency.

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