One trader's $521 million Bitcoin short position on Hyperliquid is being targeted by other traders who want to force a liquidation.

Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,316.40 +1.1% Ethereum (CRYPTO: ETH) $1,938.92 +2.5% Solana (CRYPTO: SOL) $129.46 +1.6% XRP (CRYPTO: XRP) $2.36 +2.2% Dogecoin (CRYPTO: DOGE) $0.1747 +3.3% Shiba Inu (CRYPTO: SHIB) $0.00001304 -1.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%.

Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms' position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI) initiatives.

Prominent Bitcoin (CRYPTO: BTC) Peter Schiff once again took to X to criticize the apex cryptocurrency and extol the benefits of gold compared to Bitcoin. What Happened: In a post on Monday, Schiff highlighted that gold prices have surged past $3,000 as foreign central banks continue selling U.S. dollars to accumulate gold.

A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines.

The central bank of South Korea is not buying into the (popular) notion of including Bitcoin in its foreign exchange stockpile, citing the cryptocurrency's extreme price volatility and lack of recognition as a reserve asset under international standards.

South Korea rejects Bitcoin reserve plan, citing volatility, as BTC struggles below $90K amid global caution.

Bitfinex analysts said Bitcoin buyers with purchases in the last month were the hardest hit during recent crypto market selloffs.

Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC.

Bitcoin Magazine Bitcoin Covenants: What Are They And What Do They Do? What are covenants? What do they enable? What are the positives and negatives? This article series will explain. This post Bitcoin Covenants: What Are They And What Do They Do? first appeared on Bitcoin Magazine and is written by Shinobi.

On Monday, following Sunday's action, the notorious Hyperliquid trader returned with a 40x short bitcoin play carrying a notional value of $524 million at about 2:45 p.m. Eastern Time on March 17.

The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves. The bill directs the government to buy 200,000 BTC annually over five years, to be paid for with existing funds within the Federal Reserve and the Treasury Department.

Bitwise Asset Management Chief Investment Officer Matt Hougan joins CoinDesk with insights into the upcoming FOMC meeting and how economic uncertainty could impact the crypto market. Plus, the overall sentiment in the industry under a friendlier administration and the promising future of Ethereum despite the price drop.

Prominent American entrepreneur Jason Calacanis has predicted that Strategy co-founder Michael Saylor will "break" the Bitcoin game.

Bitfarms has completed buying Stronghold Digital Mining (SDIG). This makes Bitfarms the biggest Bitcoin miner in the PJM market and gives it a much bigger presence in the US, ” the world crypto capital.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).

President Donald Trump's tax reduction plans, paired with his aggressive tariff policies, have significantly disrupted the cryptocurrency market, prompting heightened volatility and an ETF-driven sell-off in Bitcoin (CRYPTO: BTC) over the past weeks.

Bitcoin could be bound to making a new ATH by June as historical data suggests.

Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.

Bitcoin's hashrate has bounced back impressively after dipping to 752 exahash per second (EH/s) on Feb. 25, now climbing to 819.65 EH/s, even as earnings took a notable hit in March. Earnings Drop, Hashrate Rises The network's computational strength has strengthened, currently sitting over 67 EH/s above its Feb. 25 low.

Bitcoin's next move would be impacted by key economic events set to unfold this week.

The HLP whale continues to outmaneuver rivals with unexpected trades—masterful strategy or a ticking time bomb?

Bitcoin (BTC) dominance, a measure of Bitcoin's overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3. BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.

A Bitcoin whale opened a $450M short position on Hyperliquid with 40x leverage. The whale deposited $5M in USDC to strengthen its position and avoid liquidation.

Gold exchange-traded funds have overtaken bitcoin ETFs in assets under management as investors shift away from riskier crypto assets. Crypto asset manager 21Shares is set to liquidate two actively managed ETFs tied to bitcoin and ether futures amid a wider market downturn.

South Korea's central bank rejects establishing a bitcoin strategic reserve, Telegram's CEO returns to Dubai and is free to travel, and failed hedge fund 3AC's claim against FTX jumps from $120M to $1.5B. CoinDesk's Christine Lee hosts "CoinDesk Daily.

Standard Chartered has slashed its year-end 2025 price target for Ethereum (ETH) from $10,000 to $4,000. The 60% downward revision for the ETH price target over the next eight or so months comes amid an ongoing market struggle for the leading altcoin.

Michael Saylor's newly rebranded software company turned bitcoin treasury firm Strategy, announced a 130 BTC purchase on Monday as the dominant cryptocurrency hovered just above $83,000, staying mostly flat since last week.

North Korean Lazarus group holds more Bitcoins than El Salvador and Bhutan. Lazarus group converted all the stolen Ethereum in Bybit hack into Bitcoins.

Bitcoin Magazine Bitcoin's Unstoppable Rise: A Saint Patrick's Day Price History From just $5 in 2012 to over $83,000 in 2025, Bitcoin's price history on Saint Patrick's Day showcases its explosive growth. This post Bitcoin's Unstoppable Rise: A Saint Patrick's Day Price History first appeared on Bitcoin Magazine and is written by Nik.

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TL;DR A whale opened a $400 million short position in Bitcoin with 40x leverage, triggering significant market volatility. Their entry price was $84,000, and if BTC surpasses $86,000, the position will be liquidated.

Bitcoin miners have offloaded over $27M in profits as BTC trades near key resistance. Will this selling cap Bitcoin's upside?

Bitcoin's (BTC) 90-day open interest, i.e., the aggregated USD-denominated value of all futures and contracts unsettled so far, losing its volume.

U.S.-listed Bitcoin (CRYPTO: BTC) exchange-traded funds are grappling with their most prolonged stretch of net outflows since their debut in January last year, as investors react to market volatility spurred by President Donald Trump's tariff-driven trade policies. What Happened: Over the past five weeks, the group of 12 Bitcoin ETFs has collectively shed more than $5.5 billion, according to data compiled by Bloomberg.

A report shared by CoinShares reveals that last week, the largest top market cap cryptocurrencies faced massive withdrawals initiated by investors in light of the uncertainty that has been dominating the market recently.

South Korea's central bank has expressed skepticism about adding Bitcoin to its foreign exchange reserves, citing concerns over extreme price volatility and liquidity risks.

For the first time in more than four years, Bitcoiners are moving forward with changes to the project's underlying software, Blockspace writes.

Eyes are currently on a mysterious Bitcoin whale holding a massive $400 million short position, with market observers curious to see where it all ends.

A whale on Hyperliquid still holds a short BTC position for $449M, despite the efforts of other traders to boost BTC to the whale's liquidation price.

Strategy (NASDAQ:MSTR) has added 130 more Bitcoin (CRYPTO: BTC) to its already massive digital asset reserves, bringing its total BTC holdings to 499,226. What Happened: According to an SEC filing, the purchase, completed between March 10 and Marc 16, cost the company approximately $10.7 million, at an average price of just under $83,000 per Bitcoin.

TL;DR Michael Saylor suggested that major tech companies might integrate Bitcoin into mobile devices, although there is no official confirmation. Bitcoin adoption on smartphones would enhance accessibility and could transform financial and regulatory markets. If this integration materializes, millions of users could manage BTC without relying on external applications.

Goldman Sachs, co-head of global commodities research Daan Struyven, says financial institutions and federal banks are taking up more special metals positions than Bitcoin. Speaking on CNBC's Squawk Box Monday, Struyven explained that US-based commodity prices are up due to “tariff expectations.

As the United States prepares to launch its Strategic Bitcoin Reserve, North Korea has quietly vaulted into the top holders of Bitcoin globally.

North Korea became the world's fifth-largest sovereign Bitcoin holder after Lazarus stole over $1.4 billion from Bybit.

November 11, 2024: Strategy initiated its aggressive buying spree with 27,200 BTC ($2B).