Month: February 2025

Elon Musk’s plan to run government on blockchain faces uphill battle

Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloomberg’s sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.) The concept clearly has fans in the crypto community. Coinbase CEO Brian Armstrong posted: “Imagine if every government expenditure was done transparently onchain,” while Binance co-founder Changpeng “CZ” Zhao opined that “all governments should track all their…

Bitcoin Price (BTC) Plunges Below $90K, but Interest Rate Outlook is Turning Positive

“I wouldn’t even be in this situation if it wasn’t for you. You brought down so much f—ing heat on me.” Robert De Niro as Ace Rothstein to Joe Pesci’s Nicky Santoro in Martin Scorsese’s Casino. Bitcoiners could be forgiven for blaming the rest of crypto for the bear move that took the price of BTC down more than 20% from a record high above $109,000 just five weeks ago to as low as $87,000 earlier on Tuesday. Bitcoin touched that record a day ahead of the presidential inauguration amid…

Meme coin crash weighing on crypto, but Bitcoin will rebound: Hougan

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Matt Hougan, chief investment officer at asset manager Bitwise, says the crypto market’s current downturn marks the end of the meme coin boom. While Bitcoin (BTC) fell to a three-month low, dipping below $90,000, the Bitwise CIO believes the flagship digital asset will rebound. However, he is not as bullish on meme coins. According to Hougan, the meme coin frenzy, seen earlier this year with the likes of Official Trump and Official Melania, is nearing its end. He suggests this could happen within the next six months. “What crypto is…

Top Crypto to Buy as Market Shifts from Memecoins to Utility Tokens

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Expert analysts at Bernstein, a top research and brokerage firm, have opined that the larger crypto market is set to move away from pure meme coins and back to segments with real utility. These include gaming, DeFi, and NFTs. Another interesting prediction from them comes in the form of a target for Bitcoin. They believe that with the new pro-crypto Trump administration pushing for a strategic Bitcoin reserve, the OG cryptocurrency’s price could cross the $200K mark by the end of 2025. $BTC is currently trading at $88,700. Where is…

Here’s why Bitcoin, Jasmy, Pepe, Dogecoin, and crypto prices are crashing

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Cryptocurrency prices plunged on Tuesday, extending a downtrend that began in November last year. Bitcoin (BTC) fell below the critical support level of $89,220, reaching an intraday low of around $86,000. Altcoins fared even worse, with Jasmy Coin (JASMY) dropping to $0.01683, its lowest level since Nov. 5, and 72% below its 2024 highs. Pepe (PEPE) and Dogecoin (DOGE) also declined by over 8%, while the combined market capitalization of all meme coins tracked by CoinGecko fell below $60 billion. Three key catalysts behind the crypto crash There are three…

Spot Bitcoin ETFs stall as Yeti Ouro enters new stage in presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is evolving as Bitcoin ETFs gain traction, while emerging projects like Yeti Ouro enter new development stages, offering exciting growth potential. The cryptocurrency market is experiencing a mixed landscape as we approach the end of February 2025. Spot Bitcoin ETFs, have made their debut just over a year ago, meanwhile, emerging projects like Yeti Ouro (YETIO) are gaining traction and entering new stages of development. Bitcoin…

Time To Turn Bullish On Ethereum? CryptoQuant CEO Thinks So

Este artículo también está disponible en español. Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH. Time To Go Bullish On Ethereum Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out…

Pi Network price beats Bitcoin and altcoins as it eyes an all-time high

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Pi Network remained stable on Tuesday, defying a broader cryptocurrency sell-off as market risks increased. Pi Network (PI), which launched its mainnet last week, surged to $1.60, up over 158% from its lowest point on Friday. According to CoinMarketCap, its self-reported market capitalization jumped to $10.7 billion, making it the 11th-largest cryptocurrency. Pi’s rally stood out as most cryptocurrencies suffered double-digit losses, while 24-hour liquidations soared 477% to $1.57 billion. The total crypto market cap declined by 6%. The biggest blue-chip tokens, like Bitcoin (BTC),  Ethereum (ETH), Solana (SOL), Cardano…

Bitcoin’s supply crisis could send prices skyrocketing but this altcoin might 100x first

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin strives to climb back up, XYZVerse emerges as a high-growth contender, blending sports fandom with crypto for massive potential gains. Bitcoin has dropped below 90k but investors anticipate price surges due to scarcity. Meanwhile, focus is shifting to an alternative cryptocurrency that might experience even greater gains soon. This emerging asset could outperform Bitcoin and deliver unprecedented returns. Discover how this digital currency could become the next…