Trump 'calls the market' for an overnight rally! Bloomberg: Bitcoin is incorporated into BlackRock's $150 billion model portfolio for the first time.
On Monday (March 3), Bitcoin staged an astonishing rally overnight, with the price rebounding above $93,000. The White House will hold its first cryptocurrency summit on Friday, and U.S. President Trump suddenly mentioned the U.S. Bitcoin Strategic Reserve (SBR) before the meeting. Wall Street's largest asset management giant, BlackRock, announced that it would incorporate Bitcoin into its $150 billion model portfolio. Trump revealed before the White House cryptocurrency summit that the U.S. Bitcoin Strategic Reserve is likely to encompass a different scenario, covering not only Bitcoin and Ethereum but also Solana (SOL), Ripple (XRP), and Cardano (ADA).
As Bitcoin's sell-off pauses over the weekend, can the positive skew and whale activity push XRP price to $3?
Most altcoins, including Ripple (XRP), are performing strongly and have not followed Bitcoin (BTC) in its recent crash. The price trend of XRP is also performing well on the daily chart, suggesting increased whale activity and a reversal of positive skewness. Additionally, many analysts expect Bitcoin to pause its crash over the weekend and possibly rebound, which increases the credibility of a price rebound for Ripple (XRP) that may reach $3 over the weekend. As Bitcoin's sell-off pauses, XRP price rebounds. This week's selling pressure weighing on Bitcoin prices has cooled. BTC has returned above $85,000, and most altcoins are showing an upward trend today. The global cryptocurrency market cap has also surged over 7% in the last 24 hours, reaching a valuation of $2.93 trillion.
The Dominance of Stablecoins Supports Bitcoin's Price Breakthrough – What Does it Mean for BTC?
In recent weeks, despite an increase in the minting and supply of stablecoins, liquidity has been declining. In fact, just recently, Bitcoin's price plummeted from its peak in the fourth quarter of 2024, with cryptocurrency prices dropping below $80,000. It is worth noting that at the time of writing, Bitcoin has rebounded above $85,000 on the chart. So what about the Stablecoin Supply Ratio (SSR) oscillator? It assesses liquidity and BTC's market purchasing behavior relative to stablecoins. What does the latest SSR reading mean?
Litecoin's Short Squeeze—Is it a Rebound or Just Temporary Speculation?
Litecoin [LTC] has recently slightly outperformed Bitcoin [BTC] in the short term, with some bearish positions being liquidated in the process. The rise in LTC prices has sparked optimism among traders, but analysts urge caution. Despite the market rising, it remains volatile, making risk management crucial. LTC's short-term performance – liquidations push prices up, but caution is needed. Litecoin has dropped 5.54% in the past 24 hours, trading at $119.74 after a high of $127.30. However, despite the pullback, LTC has outperformed Bitcoin in the short term. Liquidations of short positions before the pullback might lead to temporary price increases.
Pi Coin Price Prediction: Could It Reach $10 After Binance Listing?
Pi Network has recently made waves in the cryptocurrency market, with its market capitalization surpassing a historical high of $15 billion. The price of Pi has surged beyond Bitcoin and other altcoins, generating excitement within the community. At the time of writing, the price of Pi has dropped over 2%, trading at $2.32. There are speculations that Binance, one of the largest cryptocurrency exchanges, is about to list Pi Network, which has led to a surge in market sentiment. Binance recently conducted a community poll on Twitter, asking users whether they should list Pi Network on the platform.
"I would sell a kidney to hold onto Bitcoin," Strategy's bullish bets raise 'liquidation' concerns.
"If necessary, I would sell a kidney to hold onto Bitcoin." This seemingly humorous remark by Michael Saylor, founder of Strategy (formerly MicroStrategy), reflects a strong belief in the long-term value of Bitcoin.
Recently, Bitcoin has led the cryptocurrency market into a collective decline, and the pessimistic liquidity outlook has intensified the market's selling sentiment. In such a market environment, investors cannot help but worry that Strategy, a veteran in Bitcoin leverage, might face a 'crash'. Bullish bets face a cold wave, how great is the liquidation risk? The Bitcoin super bull Strategy is facing dual pressures from profit pullbacks and a decline in stock prices.
Ethereum (ETH) Price Shows Death Cross After 25% Plunge
Ethereum (ETH) has plummeted 25% this week from a high of $2,930. The brutal sell-off has pushed the ETH price back to the psychological level of $2,000. This downward trend is due to the crash in Bitcoin (BTC), which has fallen below $80,000 for the first time since November 2024. The formation of the death cross (a well-known sell signal) has further emphasized the bearish sentiment and concerns of a bear market for the price of Ethereum. Additionally, investors who bought ETH a year ago are also facing significant losses, with the MVRV metric dropping to levels seen in 2022. Let's explore what this means for the price of Ethereum.
Bitcoin's recent price decline has raised alarms for investors, falling below the $80,000 threshold on the afternoon of the 28th, with analysts even suggesting it may dip to $70,000. Bitcoin is currently struggling to maintain its price above key support levels, facing significant pressure from multiple factors, including large outflows from Bitcoin ETFs and the recent drag on U.S. tech stocks. This wave of tech stock declines has also dragged down the cryptocurrency market, further exacerbating Bitcoin's bearish momentum. Bitcoin's price has lost over 6% in the past 24 hours. Analysts warn that if Bitcoin fails to reclaim key support levels, it could face further declines, even testing the $70,000 threshold.
Cardano (ADA) Faces Pressure: Bears Target Drop to $0.50
Cardano price has started to decline again from the $0.70 area. ADA is currently consolidating losses and faces the risk of falling below the $0.60 level. ADA price has started to decline again, falling below the levels of $0.6850 and $0.650. The price is below $0.6550 and the 100-hour simple moving average. On the hourly chart of ADA/USD, a connecting bearish trend line is forming, with resistance at $0.660 (data from Kraken). If the resistance area of $0.70 is broken, this currency pair may start to rise again.
Bitcoin falls below $80,000! Trump: Tariffs on Canada and Mexico effective 3/4, an additional 10% on China, Nvidia plummets 8%
U.S. President Trump fired the first shot in the tariff war earlier this month, announcing that from February 4, a 25% tariff would be imposed on Canada and Mexico, and a 10% tariff on China. However, just before it was set to take effect, Trump announced an agreement with Canada and Mexico, delaying the implementation of the tariffs by one month. The market initially believed that Trump's tariff policy might be further delayed, but last night (27th), Trump posted on his social platform Truth Social, emphasizing that his tariff policy would be implemented as planned in March, and an additional 10% tariff (increasing to 20%) would be imposed on China.
Cryptocurrency Crash Leads to Billions in Losses: Has the Worst Period Passed? Experts Say...
President Donald Trump's victory initially brought strong bullish momentum to the cryptocurrency market. However, the situation then changed, leading to unprecedented volatility in digital assets. Mainstream cryptocurrencies such as Bitcoin [BTC] and Ethereum [ETH] have experienced severe price fluctuations, with a surge in flash crash frequency leading to the evaporation of billions in market value. Since January, this rapid decline has become more frequent, raising concerns among investors. As Trump issued new tariff threats against the EU, the global cryptocurrency market value was $2.86 trillion, having dropped 1.88% in the past day.
Cryptocurrency Price Prediction: XRP Rebounds, Pi Coin and Kaito Hit New Highs, What’s Next for Altcoins?
As the cryptocurrency market remains volatile, a sharp drop in the past 24 hours triggered $1.1 billion in liquidations. BTC fell below $87,000, dragging other major altcoins lower. Amid the ongoing correction, ETH and other top tokens have suffered significant losses. However, XRP rebounded sharply, while Pi Coin and Kaito reached ATHS, becoming among the most watched tokens in the market. These price movements have sparked market speculation about potential trends in altcoins. As traders assess recent volatility, the cryptocurrency industry is closely watching the next momentum shift.
Bitcoin Crash Impact: Half of Mainstream Mining Machines Near Shutdown Price, BTC Spot ETF Investors Lose $1.3 Billion
Impacted by factors such as Trump's trade war, the cryptocurrency market has continued to weaken recently. Bitcoin briefly dipped to $82,236 today, marking a new low since mid-November last year. The fear and greed index has also rarely fallen to an extreme fear state of 10, which has significantly impacted miners' profitability. Half of mainstream mining machines are close to or have reached shutdown prices. F2pool data shows that with Bitcoin prices around $84,800 and electricity costs at $0.06 per kWh, over half of mainstream Bitcoin mining machines are at the edge of shutdown prices or have already incurred losses. Among 135 mainstream mining machines, 68 have negative daily net profits, accounting for about 50.4%. These machines are currently unprofitable at the current electricity prices.
SEC suspends lawsuit against Justin Sun and TRON Foundation, is a settlement imminent?
The U.S. Securities and Exchange Commission (SEC) has taken a new turn in two major cases under its crypto-friendly stance. They involve the Tron Foundation, to which Justin Sun belongs, and the NFT market OpenSea. SEC, Justin Sun, and TRON Foundation jointly propose suspension of litigation Since 2023, the SEC has been investigating Justin Sun and the TRON Foundation, accusing them of market manipulation, fraud, and issuing unregistered securities. The SEC pointed out that Justin Sun tried to increase the trading volume of TRX tokens through wash trading, which violated the principle of market fairness.
Bitcoin Fear and Greed Index Below FTX Collapse, Is a Rebound Ahead?
Earlier today, the price of Bitcoin fell below $83,000 due to ongoing selling pressure, with the BTC fear and greed index even dropping below the levels seen during the FTX collapse. Market analysts believe it is not the right time for investors to panic sell BTC, as extreme fear conditions often lead to price increases. Panic selling has driven Bitcoin into a state of extreme fear. With today's drop below $83,000, BTC’s weekly decline has expanded to over 12.66%, with many investors facing panic selling. The Bitcoin fear and greed index has dropped to 10, even lower than the levels seen during the FTX collapse in November 2022.
Pi coins 'surge to 3 USD new high' Binance listing vote deadline approaching, is $3.14 not a dream?
Starting with 'mobile mining', Pi Network has finally opened its mainnet at 4 PM last week on the 20th Taiwan time, and has simultaneously been listed on well-known exchanges such as OKX, Bitget, and Gate.io. Despite the recent heavy setbacks in the crypto market, with Bitcoin dropping from 99,000 USD to 82,000 USD, and Ethereum also plunging from 2800 USD to below 2300 USD, Pi coins, on the other hand, seem to have been less affected and even set a historic high. The fully diluted market value once reached 300 billion USD Last night, the price of Pi coins started to surge from 1.6 USD and reached a historic high of 3 USD around 12:30 AM today (27th), and as of the time of writing, after a quick correction, it is once again challenging to break 3 USD.
ADA Price Prediction – Can it recover or is $0.56 the next step?
Cardano [ ADA] is seeing weekly losses of more than 12% as bearish pressure continues as Bitcoin [BTC] drops below $90,000. Even the endorsement of the Grayscale Cardano ETF failed to generate much demand, further proving that macro uncertainty is a key risk factor for altcoins and the broader market. However, the small 2% drop in Bitcoin dominance is good news, which may provide comfort to altcoins including ADA. So, what does the price action mean? Cardano reaches critical level
At the time of writing, Cardano has fallen 50% from its December high of $1.3, marking a multi-month descending trend channel (white). The current price action has retested the channel’s range low, while also doubling a bullish order block (likely support, cyan) at $0.69.