Day: February 28, 2025

Solana Loses Over $5B in TVL Since ATH

Solana gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a nearly 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics.  Solana-based meme coins considered the catalyst driving gains in SOL (SOL) this market cycle, are struggling to recover as traders turn fearful.  State of Solana  The total value of assets locked is a…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX

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Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint…

BlackRock to allocate up to 2% of model portfolio to IBIT Bitcoin ETF

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BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, is incorporating Bitcoin into its own model portfolio. According to a Bloomberg report on Feb. 28, the asset manager will allocate 1% to 2% of its Bitcoin (BTC) exchange-traded fund to target model investment portfolios. These allocations, sourced from the BlackRock iShares Bitcoin Trust ETF under the ticker IBIT, will be directed toward the company’s portfolios that include alternative investments. In the investment world, model portfolios are pre-structured funds designed to offer ready-made strategies. They provide…

Will SHIB Hit $0.00001272 Amid Market Sell-Off?

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Este artículo también está disponible en español. Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown.  The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with…

Promising New Crypto to Buy After Michael Saylor Says Don’t Sell Bitcoin

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Este artículo también está disponible en español. ‘Sell a kidney if you must, but keep the Bitcoin.’ This is what Michael Saylor, co-founder of MicroStrategy, wrote on X earlier today, offering a fat word of assurance amid all the panic selling going on. Another bit of positivity comes from Alex Krüger, a top economist, who says that Bitcoin’s current dump is very similar to the one in April 2024. The coin essentially went sideways for 3-4 months post April, testing the $53K level multiple times before finally making several rallies…

Chicago Mercantile Exchange Group to launch Solana futures on March 17

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The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled. CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets. The addition…

Bitcoin crash triggered by erosion of ETF cash and carry trade — Analyst

Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected the latest Bitcoin (BTC) price crash in a thread on the X social media platform.  “For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” said Chassé. Now, this cash and…

Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range

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Bitcoin’s (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s 60-day RCV hints at low-risk accumulation Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV reached its lowest level of -1.9 in the chart, signaling an ‘optimal DCA opportunity’ for the first time since July 2024.  Bitcoin 60-day RCV chart. Source: CryptoQuant The 60-day realized value to market capitalization variance…

Is Trump’s Tariff War About to Crush Bitcoin and Crypto?

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Trump’s latest tariffs are here, and the crypto market is collapsing. Could this economic shock push Bitcoin into another free fall, or is the worst already over? Trump doubles down on tariffs Global financial markets are once again in turmoil, with U.S. President Donald Trump’s latest tariff announcment sending shockwaves across stocks, commodities, and crypto.  The U.S. president on Feb. 27 announced a new 10% tariff on Chinese goods—on top of the existing 10% levies—alongside a looming 25% duty on imports from Canada and Mexico. Investors reacted swiftly, hitting the…

Will Bitcoin Drop Even Lower? Here’s What Experts Predict

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Este artículo también está disponible en español. Bitcoin is experiencing a severe downturn over the past few days. After trading above $96,000 on Monday, its price slipped below $80,000 today for the first time since November 11. This rapid decline marks a nearly 18% slump since the start of the week. From its all-time high of $109,588 on January 20, Bitcoin has now shed approximately 27% of its value. Several factors have converged to exert downward pressure on the cryptocurrency. These include the newly imposed Trump tariffs, large-scale outflows from…