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Bitcoin (BTC) is currently experiencing an uncertain up-and-down trend phase. Evidently, as this article is being written, Bitcoin has only risen 0.3% in the last 24 hours and is trading stagnant at $83,000, Tuesday (18/03).

This has caused pessimism on the decentralized market prediction platform Polymarket. Where the majority, or more precisely 72%, believe that Bitcoin will drop back to $70,000 by the end of this year.

Certainly, this is influenced by the drop in Bitcoin's price due to several reasons, such as the trade taxes (tariffs) imposed by the US on several countries including Mexico, Canada, and China.

Pusat Pengumpulan Zakat-Majelis Agama Islam Wilayah Federal (PPZ-MAIWP) mengumumkan opsi pembayaran zakat dengan crypto. Ini membuat Malaysia menjadi negara pertama di dunia yang melakukan inisiatif tersebut.

CEO PPZ-MAIWP Datuk Abdul Hakim Amir Osman menyatakan ini bertujuan memandu umat Islam tentang tanggung jawab menunaikan zakat. Diharapkan kemajuan teknologi blockchain dan aset digital ini dapat mempermudah umat muslim melaksanakan kewajiban mereka.

“Transformasi dalam menunaikan zakat melalui media digital menunjukkan bahwa Islam selalu berkembang dan beradaptasi dengan kebutuhan umatnya,” ujar Abdul Hakim.

Inisiatif ini terbukti berhasil, sebab badan amal tersebut telah mengumpulkan sekitar 45.000 ringgit dalam bentuk zakat digital pada 2024, meningkat 73% dari tahun sebelumnya.

Abdul Hakim juga melihat potensi besar dalam pembayaran Zakat dengan aset digital usai nilai crypto seperti Bitcoin, Ripple, dan Ethereum meningkat
Image Source: The Halal Times
SC: akademi crypto
$USDC
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#WhiteHouseCryptoSummit

The crypto market experienced a significant decline after the conclusion of the Crypto White House summit. Specifically, Bitcoin (BTC) fell 3.36% to a level of US$86,337, while Ethereum (ETH) dropped 3.50% to US$2,132 at the time this article was written, Saturday (08/03).

Not only Bitcoin and Ethereum, XRP also experienced a significant decrease of 7.82%, while Cardano (ADA) corrected deeper by 10.15%.

This volatility is influenced by the regulatory sentiment discussed at the summit.

SC: crypto academy

Bitcoin (BTC), the largest market-cap cryptocurrency in the world, has once again recorded a price increase to the psychological level of US$90,000. It is noted that in the last 24 hours Bitcoin surged by 7.5%, Wednesday (05/03).
This increase comes ahead of the Digital Asset Summit (DAS) that will be held this weekend. Several big names, including Executive Chairman Strategy Michael Saylor, are confirmed to attend.
Additionally, US President Donald Trump is also rumored to unveil the Strategic Bitcoin Reserve strategy during the summit. This could be a catalyst for the price of Bitcoin to soar.

Bitcoin Plummeted to US$85,000 After Trump Signed 20% Tariff on China**

Bitcoin plunged 7.99% to US$85,000 after United States President Donald Trump signed a 20% tariff on China, Monday (03/03) local time.

Not only that, Ethereum also experienced a larger decline of 15.79% to US$2,133, XRP plunged 16.92% to US$2.404. This decline was followed by Solana which dropped 18.77% to US$141.78 and Cardano 19.44% to US$0.8575.

On the other hand, the S&P 500 also fell nearly 2% as the US president stated that Mexico and Canada would not be able to negotiate a postponement of tariffs that would take effect on Tuesday.

XRP-Solana Soars by Dozens of Percent After Being Announced as US Strategic Reserves**

US President Donald Trump plans to form a crypto strategic reserve that will consist of XRP, Solana (SOL), and Cardano (ADA) on Sunday (02/03) early morning.

In a short time, the crypto market capitalization rose by 10.88% in one day. Not only that, Bitcoin (BTC) also saw an increase of 11.55% from US$85,000 to US$95,000 after Trump announced it on Truth Social.

Other tokens mentioned, such as Cardano, XRP, and Solana experienced significant spikes of 61.07%, 32.47%, and 24% respectively during the same period.

Bitwise CEO: The Best Time to Own Bitcoin is Now**

Bitwise CEO Hunter Horsley asserts that there is no better time to invest in Bitcoin (BTC) than now. This is because regulation has now become a major factor influencing the market, with positive shifts in attitude from the U.S. government, Congress, and the SEC towards the crypto industry.

"The first quarter of this year is the best moment for investors to put their funds into Bitcoin, and we are seeing more wealth managers, banks, and traditional investors getting involved with the Bitwise Bitcoin ETF," said Horsley in an interview with CNBC.

# BlackRock Adds Bitcoin ETF to Its Portfolio, Bitcoin Rises to US$85 Thousand
BlackRock, the world's largest asset manager, has included the iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) in its investment model portfolio. With an allocation of 1% to 2%, this move provides new opportunities to attract demand for IBIT.
This move marks the first time BlackRock has added a Bitcoin ETF to its portfolio, which manages assets worth US$150 billion as of Friday (February 28). According to Michael Gates, BlackRock's chief portfolio manager quoted by Bloomberg, Bitcoin has the potential to serve as a unique store of value and a global monetary alternative.

Securities and Exchange Commission (SEC) Chairman Gary Gensler said his agency will take a long road in enforcing crypto-related rules and regulations.
The reason is the lack of disclosure of information provided by crypto asset companies to investors. Gensler stated this a few weeks before the end of his leadership, on Monday (01/20).
In addition, the SEC should also conduct further regulatory oversight of Altcoins and intermediaries in the crypto market.
For your information, Gensler is a crypto industry skeptic. According to him, crypto only covers less than 1% of the US financial market and is full of speculation.

In addition to the narrative, it has a chance to share tokens with the actual narrative of EA, which is also within the ideal Beat range if we look at the weekly chart.

$TAO on the weekly chart, there is potential for continuation in a large timeframe, from which we can see that the price has successfully hacked to $500 perfectly from the last flash dumb.

There is a chance that various AI related ecosystems in crypto will see an increase during Q1 2025

understand that this post is only an internal analysis not an investment reference or investment advice or invitation to sell or buy, we from the crypto academy are not affiliated or invested in the various projects presented. this post is purely for internal analysis

The H4 chart also shows a continuation pattern which means there is a chance for Bitcoin to rally again.
An ascending triangle pattern is observed on H4 above its dynamic EMA.
There is a chance of a breakout in this range with a price target of 8% to $100K.
Understand that this post is not an invitation to sell or buy, we at Crypto Academy are not affiliated or invested in any of the projects presented. This post is purely for educational purposes.
Data source: Akademi Crypto via Tradingview.

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