Uncategorized

Why Analysts Forecast Bitcoin Could Bottom Near $40K

Bitcoin (BTC) buyers made a tepid comeback on Monday, pushing BTC price to its intraday high of $67,860. Analysts said that Bitcoin remains in a bear market, with several metrics pointing to a potential bottom below $50,000. Key takeaways: Bitcoin price turns $70,000 into resistance, clearing the path for a deeper correction. Bitcoin’s short-term holder

Bitcoin Faces Risk of Sixth Straight Monthly Loss

Bitcoin (BTC) heads into the March monthly close as it risks its sixth straight month of losses. BTC price action touches $65,000 to start the week as traders expect a copycat bear flag breakdown. Iran headlines dominate the macro mood amid rumors of a US ground invasion. March could go either way for Bitcoin as

Crypto Funds See $414M Outflow as Risk-Off Sentiment Rises

Crypto investment products saw their first weekly outflows in five weeks last week, with $414 million exiting the market as investors grew cautious over rising inflation risks and escalating tensions in the Middle East. The pullback came as expectations for the June Federal Open Market Committee (FOMC) meeting in the US shifted from potential rate

Regulators Urged to Clarify Bitcoin Capital Treatment

Pierre Rochard, CEO of The Bitcoin Bond Company, warned US banking regulators that their sweeping Basel III capital rewrite leaves unresolved how Bitcoin-related activities should be treated, a gap he says could create legal risk and shape how much capital banks must hold against the asset. In a formal comment submitted March 29 to the

Ethereum Foundation Stakes $46M, Pursues 70K ETH Target

The Ethereum Foundation has accelerated its treasury staking push, deploying $46.2 million in Ether in its largest move to date after the recent BitMine sale. On Monday, the foundation’s treasury multisignature wallet made 11 deposits into the Ethereum Beacon Deposit Contract, each of roughly 2,047 Ether (ETH), totaling 22,517 tokens worth roughly $46.2 million, according

White House App Prompts Privacy and Security Concerns

A new app from the US government has sparked concerns among users and researchers over potential location-tracking features, security vulnerabilities and data collection. The White House launched the app on Friday as a way for users to get a “direct line to the White House,” including receiving breaking news alerts on major government announcements, watching

Analyst: Ether Could Slide to $1,200

Ethereum’s native token, Ether (ETH), may decline 40% to $1,200 in the coming weeks, according to a fractal setup shared by analyst Leshka.eth. Key takeaways: Ethereum is mirroring a pattern that preceded 45% and 48% declines in the past. Macro risks and whale distribution hamper near-term outlook. Ethereum setup flashes bull trap warning Ethereum’s $1,200

Trader Turns $676 into $67K After UFC Announcement Error

The Polymarket trader quickly bought $676 worth of one-cent shares in Tyrell Fortune winning the fight after he realized the UFC announcer called out the wrong winner. A Polymarket trader turned $676 into $67,608 on Saturday by capitalizing on a rare mistake during a UFC heavyweight bout, where the wrong fighter was initially announced as

Aave Launches on OKX’s X Layer (Ethereum L2)

OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume. Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X Layer, an Ethereum layer-2 blockchain launched by crypto trading platform OKX.  It marks a milestone for X

Senate Hearing for Fed Nominee Warsh Likely Mid-April

The Senate Banking Committee is reportedly planning to hold its hearing on the nomination of Kevin Warsh as Federal Reserve chair as soon as the week of April 13, according to a report from Punchbowl News citing two sources familiar with the matter. In a report on Sunday, Punchbowl’s sources said the hearing date is
back to top