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.
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 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
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.
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?
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.
Bitcoin ETFs continued their positive momentum on March 18, with a $209 million inflow, primarily driven by Blackrock's IBIT. In contrast, Ether ETFs faced a $53 million outflow, marking the tenth consecutive day of withdrawals.
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.
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.
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.
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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.
If the Bitcoin accumulation trend continues, it could become a significant support level for BTC's price if it soars to higher levels.
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.
BTC miners are dumping holdings—Is a crash coming, or is this the setup for the next rally?
Bitcoin (BTC) is back in the green, and Strategy cofounder Michael Saylor has once again sparked a buzz with a bold BTC statement.
MicroStrategy's bold Bitcoin strategy is under the spotlight again, and this time, concerns are rising over its financial stability. The company, led by Michael Saylor, has been aggressively buying Bitcoin for years.
The price of major cryptocurrency Bitcoin (BTC) saw a sudden surge during today's trading session. What is interesting is that today is FOMC day, and the price of Bitcoin saw a sudden surge of optimism that pushed its price up by 1.5%.
Bitcoin (BTC) passed $84,000 into the March 19 Wall Street open as markets geared up for the US Federal Reserve interest-rate decision. BTC/USD 1-hour chart.
Bitcoin (CRYPTO: BTC) remains highly sensitive to Federal Reserve policy shifts, with analysts closely watching Fed Chair Jerome Powell's guidance on interest rates. What Happened: In an X post on Wednesday, crypto chart analyst Ali Martinez predicts the Fed to almost certainly hold interest rates steady today (99% probability per CME FedWatch).
Minnesota State Senator Jeremy Miller has put forward a new bill that would allow the state to invest public funds in Bitcoin and other crypto assets. The proposed legislation, called the Minnesota Bitcoin Act, represents a complete change in Miller's previous stance on digital currencies.
Bitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world's largest economy.Bitcoin's (BTC) over two-month downtrend has raised numerous alarms that the current Bitcoin bull cycle may be over, defying the theory of the four-year market cycle. Despite widespread investor concerns, Bitcoin may be on track to a recovery above $90,000 due to easing inflation concerns in the United States, according to Markus Thielen, the CEO of 10x Research.
North Carolina's Bitcoin Reserve Act (SB327) allows up to 10% of public funds to be invested in Bitcoin. The state treasurer will oversee the funds, secured with multi-signature cold storage.
Matt Hougan argues this is due to the way Wall Street values assets, with the market effectively walking through these calculations for BTC, too.
The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts.
Prominent crypto analyst Michael van de Poppe, based in Amsterdam, has shared his expectations regarding the upcoming FOMC meeting today with the crypto community and made a prediction as to how the Fed decisions that are likely to be announced by chairman Jerome Powell can impact the crypto market.
TL;DR Strategic Bitcoin Reserve (SBR): The Trump administration views Bitcoin as a commodity and plans to establish the U.S. as a global crypto leader by aggressively accumulating Bitcoin through the newly created SBR.
Many blue-chip crypto coins could rebound if Bitcoin price does the impossible and surges from near $80,000 to $100,000 by the end of the week. Such a surge is possible now that the FOMC concludes its two-day meeting today.