Cryptocurrencies had a down week, with total market cap off 1.8% in the past 24 hours and down roughly 13% in the past 30 days. In the past week, the market seems to have been selling off following President Trump's announcement of a strategic bitcoin reserve--including a crypto summit held at the White House on Friday. Markets appear underwhelmed with the news out of Washington, but the fall of bitcoin to a recent low of roughly $82,000 may soon turn around, says Nigel Green of the deVere Group
330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming?
Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground. Analysts expect even more volatility following US President Trump’s executive order on Thursday, which established a Strategic Bitcoin Reserve. While the announcement was expected to boost market sentiment, it introduced mor
David Sacks pushes back against idea of crypto transaction tax
White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin reserve and the crypto stockpile with digital assets. During a recent appearance on the All In podcast, host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction, which would be denominated in the asset that is transferred, bought, or sold. Sacks responded: "That's always how taxes start. They are described as being
Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds
The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds. TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistanc
Michael Saylor Advocates Bitcoin Reserve to Cement US Digital Leadership
Michael Saylor, founder of Strategy (formerly MicroStrategy), has said that a Bitcoin strategic reserve will position the United States as a leader in cyberspace. In an interview with Fox News Channel, Saylor argued that Bitcoin is a secure means of savings for individuals, companies, and governments. Bitcoin Will Take The U.S. to Cyberspace Saylor, whose company owns nearly 2.4% of the total Bitcoin supply, compared the cryptocurrency to digital land, urging the U.S. government to act quickly a
Crypto Prices Jump After Trump Announces Five Tokens for Strategic Reserve — WSJ
Crypto prices surged Sunday after President Trump said he would move forward on a U.S. crypto strategic reserve that will include bitcoin and ether, as well as three smaller and riskier tokens. "A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," said Trump in a Sunday post on his social-media platform Truth Social. "I will make sure the U.S. is the Crypto Capital of the World." Trump said the crypto strategic reserve will also i
3 Bullish Signs for Bitcoin’s Price in the Week Ahead
There’s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some ground and stood above $83,000 when the month ended, it still made it the worst February in over a decade in terms of price performance. Quite the unexpected development, given
Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw $94.3 million of total inflows on the last day of February as crypto's worst month in three years came to an end. The figure capped an eight-day streak of outflow during which investors pulled over $3.2 billion from these funds as digital asset prices fell. BlackRock’s iShares Bitcoin Trust IIBIT, the largest spot bitcoin ETF by assets under management, was one of the outliers that saw $244.6 million in outflows on Friday. Meanwhile, othe
Vitalik Buterin joins calls to free crypto advocate Roger Ver
Ethereum co-founder Vitalik Buterin has joined calls to free early crypto investor and entrepreneur Roger Ver, who is locked in a legal battle with the United States Department of Justice (DOJ) over alleged tax evasion and faces extradition to the US. Buterin reposted Silk Road founder Ross Ulbricht's message calling for the prosecution against Ver to end and characterized the case as "absurd" and "politically motivated." Buterin continued: "The US tax-by-citizenship and associated exit tax regi
XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone. XRP price started a fresh increase above the $2.550 level.The price is now trading above $2.650 and the 100-hourly Simple Moving Average.There was a break above a key bearish trend line with resistance at $2.620 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair might start a fresh increase if it clears the $2.750 resistance zone.
The U.S. Securities and Exchange Commission acknowledged Wednesday spot ETF filings from Nasdaq Stock Market LLC to list and trade shares of the Litecoin ETF and XRP ETF. In its acknowledgments of each proposal, the SEC requested that comments be submitted within 21 days of the filing's publication in the Federal Register. After the comment period, the agency can choose to approve, disapprove or "institute proceedings" for further review. A 19b-4 filing represents the second step in the two-part
The world’s first spot XRP exchange-traded fund (ETF) is set to soon debut in Brazil after being approved by the country’s securities regulator, the Comissão de Valores Mobiliários. The regulator’s website shows that the fund, the HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, is currently in a pre-operational phase after being set up on Dec. 10, 2024. The fund’s administrator is Genial Investmentos, a local investment brokerage firm. The fund managder Hashed has confirmed to local news outlet Portal do Bi
Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery?
Dogecoin started a fresh decline below the $0.270 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2550. DOGE price started a fresh decline below the $0.270 and $0.260 levels.The price is trading below the $0.260 level and the 100-hourly simple moving average.There is a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair (data source from Kraken).The price could start another increase if it clears the $0.25
XRP Price Loses Steam—Can It Overcome These Challenges?
XRP price is down from the $2.85 resistance zone. The price is showing a few bearish signs and must clear $2.650 to start a fresh increase. XRP price started a fresh decline below the $2.70 level.The price is now trading below $2.650 and the 100-hourly Simple Moving Average.There is a key bearish trend line forming with resistance at $2.620 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair might start a fresh increase if it clears the $2.620 resistance zone. XRP Price Di
XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge
A well-known analyst made an intriguing assumption about the rise of XRP, saying that it could potentially outdo the Philadelphia Gold and Silver Index. Egrag Crypto predicted that XRP could rise by 1,000% against the gold and silver index as the analyst sees the crypto replicating a run it made in 2017. A Looming Crypto Run In a post, market analyst Egrag Crypto noted that indicators are showing that the altcoin could potentially make a bull run similar to what it did in 2017, saying that it co
Trump admin advisor meeting with Federal Reserve chairman 'regularly'
Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having "regular” meetings with Federal Reserve chairman Jerome Powell. During a recent appearance on CBS' Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House advisor responded: "Jerome Powell is an independent person. The Federal Reserve's independence is respected. The poi
43,231,268 Dogecoin Liquidation Stuns DOGE Short Traders
The last 24 hours have seen the combined crypto market liquidation topping $200 million from over 92,000 traders. Dogecoin emerged as the most impacted meme coin, with total liquidations amounting to $12.02 million Traders go short on Dogecoin As revealed by data, the bulk of the liquidations comes from short positions from a total of 43,231,268 DOGE in just 24 hours. While short liquidations saw over 28 million DOGE removed, long liquidations came in at approximately 14 million DOGE. With sho
XRP Must Push Past $3.40 To Confirm Uptrend – Analyst
The XRP market experienced a major rally in the last day following the SEC’s acknowledgment of Grayscale’s XRP ETF filling. According to data from , the prominent altcoin rose by 11% reaching a local peak of $2.81 before experiencing a significant retracement to $2.39. With XRP on the rise again, investors must note the asset must scale certain price barriers to validate its current bullish momentum. XRP Must Move Past $3.40 To Retain Market Interest Popular market analyst Crypto has shared an i