A closely followed crypto analyst and trader is warning that Bitcoin (BTC) may soon return to the $70,000 range. In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin may soon fill a CME gap by dipping to the $77,360 level. A CME gap is …
Monthly archives: March 2025
Trump’s Bitcoin reserve order reshapes institutional crypto investment
Trump’s US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say. President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve and a National Digital Asset Stockpile is expected to be a catalyst for wider Bitcoin adoption, according to investment analysts and crypto …
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China Bitcoin reserves: What happens if it follows the US playbook?
If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US. Update March 7, 11:32 am UTC: This article has been updated to add Jan3 CEO Samson Mow’s X post. As the United States moves forward with its Strategic …
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Trump’s White House Crypto Summit: Confirmed attendees so far
More than 20 key industry leaders are heading to the first White House Crypto Summit after US President Donald Trump ordered the establishment of separate Bitcoin and crypto reserves. Update (March 7, 10:00 am UTC): This article has been updated to reflect up-to-date information on the confirmed attendees of the first White House Crypto Summit …
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Ethereum (ETH) Price: Drops 20% as Sentiment Reaches Yearly Low
TLDR ETH sentiment has reached a yearly low according to Santiment, which could signal a potential market turnaround Ethereum is down over 20% in the last month, underperforming Bitcoin which dropped only 10% Analysts suggest extreme bearish sentiment often coincides with market bottoms and may precede significant rebounds Trump family-backed World Liberty Financial increased Ethereum …
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Ethereum (ETH) Price: Whales Accumulate 1.1 Million Coins in 48 Hours Despite Market Dip
TLDR Ethereum’s MVRV-Z score suggests the cryptocurrency is undervalued at current prices, similar to October 2023 before a 160% rally Ethereum whales have accumulated 1.1 million ETH in the past 48 hours despite recent price dips World Liberty Financial recently purchased $10 million worth of Ethereum (4,468 ETH) ETH sentiment has dropped to its lowest …
New strategic reserve changes Bitcoin’s status and puts pressure on IMF to legitimize holding
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Industry leaders expect the G20 to follow US Bitcoin reserve move
US President Donald Trump announced an executive order on March 6 to establish a Strategic Bitcoin Reserve. This order ensures that seized Bitcoin will be held in a national reserve and will not be sold. It would instead function as a store of value, akin to a “digital Fort Knox.” The directive assigns Treasury Secretary …
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US government’s Bitcoin reserve curbs potential $18 billion market sell pressure
The US government’s decision to establish a Strategic Bitcoin Reserve could significantly ease market sell pressure by up to $18 billion. In a March 7 post on X, Coinbase executive Conor Grogan estimates that federal authorities currently hold around 198,109 BTC. He suggests that the new directive, which prevents the liquidation of these holdings, effectively …
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Solana leads monthly on-chain volume despite 60% decline amid memecoin crash
Solana registered $102.4 billion in trading volume in February, leading the market despite a 60% monthly decrease. The shrinking volume relates to the cooling off of the memecoin frenzy following the LIBRA token fiasco. Despite the falling volumes, Solana registered over $100 billion in volume for the fourth consecutive month. It amounted to over $260 …
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Unkept Promises: Developer Leaves El Salvador After Change in Bitcoin Stance
Andreas Kohl, a bitcoiner who moved to El Salvador three years ago, has decided to leave the country due to the new direction taken by the current administration regarding bitcoin and a series of promises that the government has failed to fulfill. El Salvador Disappoints Bitcoiners With New Policies, Unfulfilled Promises The new stance of …
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Argentine Prosecutor Orders Mass Freezing of Cryptocurrency in Libra Case
Eduardo Taiano, the Argentine prosecutor currently probing Milei and the Libra cooperators, has ordered the freezing of all LIBRA tokens involved in the case. Furthermore, the attorney is scrutinizing the activities of the addresses holding LIBRA that have also purchased other currencies. Argentine Prosecutor Advances Libra Probe: Mass Token Freezing Ordered The investigation of Libra, …
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Lightchain AI Nears Final Stage With the Launch of Lightdex
This content is provided by a sponsor. PRESS RELEASE. The blockchain and AI worlds are about to collide in a spectacular way! Lightchain AI, the groundbreaking platform combining artificial intelligence with decentralized technology, is at the cusp of completing Stage 14 of its 15-stage roadmap. And now, its highly anticipated Lightdex—a next-generation decentralized exchange—is ready …
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Investor Predicts Crypto’s ‘Internet Moment’ Within Five Years
The cryptocurrency landscape in the United States is undergoing a significant transformation, and Max Burger, ecosystem development lead at Nimiq, believes this shift could lead to increased growth and mainstream adoption of cryptocurrencies. SEC Abandons Previous Stance on Crypto The cryptocurrency landscape in the United States is undergoing a significant transformation, with the Trump administration’s …
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Russia Begins Piloting Digital Gold System for International Settlements
The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence on the dollar. Russia Is Testing Digital Gold-Based International …
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