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Institutional crypto investors tended to view the White House Crypto Summit more favorably than retail traders and BTC maximalists. The Bitcoin (BTC) community voiced mixed reactions to the March 7 White House Crypto Summit, with some investors characterizing it as a historic day for Bitcoin and cryptocurrencies, while others called the event underwhelming. Crypto trader…
President Nayib Bukele shows no sign of abandoning the BTC treasury strategy as Bitcoin continues to gain international legitimacy. El Salvador acquired 13 Bitcoin (BTC) since March 1, despite International Monetary Fund (IMF) pressure on the country’s public sector to stop accumulating the decentralized store of value asset. According to the El Salvador Bitcoin Office,…
The Trump administration is currently exploring proposals for major tax, cryptocurrency, and administrative reform in the United States. 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 (BTC) reserve and the crypto stockpile with digital assets. During a…
At least 30 tech and crypto founders were reportedly “secretly debanked” in the US during Operation Chokepoint 2.0. Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer…
Traders had a largely negative response to US President Donald Trump’s announcement. Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors. The outflows indicate institutional investors are wary of…
Bitcoin may drop toward the range low at $78,200 range in the coming days if it loses the key support provided by the 200-day EMA trendline. Bitcoin’s (BTC) price has dropped by over 5% over the last 24 hours to $88,100 after President Donald Trump’s US Strategic Bitcoin Reserve failed to meet expectations. BTC/USD daily…
The digital asset’s volatility is reaching cycle highs across multiple measures, according to data from TradingView and Glassnode. Bitcoin’s (BTC) volatility is approaching cycle highs as jitters around a looming trade war and a planned US cryptocurrency stockpile reach a crescendo, according to data from TradingView and Glassnode. The conflicting bullish and bearish signals, which…
Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction. Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28,…
Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025. Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share. In the wider crypto markets, analysts are…
The crypto market’s recent drop is due to a normal bull market correction and potential delays in the Spot Bitcoin ETF approval. Price action across the cryptocurrency market is seeing downside in recent days, led by declines in top-ranking cryptocurrencies, Bitcoin (BTC) and Ether (ETH). As of Nov. 15, the crypto market’s net capitalization was…