Day: March 4, 2025

XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor

Este artículo también está disponible en español. The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump’s announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP’s future trajectory.  Important Support Levels For The XRP Price In a TradingView post, Trade City highlighted $3.06717 and $1.67220 as critical support levels for the XRP price on the weekly timeframe. While analyzing the weekly chart, the analyst…

Aave revamp proposal includes revenue redistribution, safety system

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Marc Zeller, the founder of Aave Chan Initiative (ACI), unveiled a proposal for Aave’s tokenomics revamp on March 4, which would include a new revenue redistribution model, an “Umbrella” safety system to protect against bank runs, and the creation of the “Aave Finance Committee” (AFC). The proposal is part of Aave’s ongoing tokenomics overhaul and is subject to community approval. On X, Zeller called the proposal “the most important proposal” in Aave’s history. The new revenue redistribution model involves keeping the previous distribution for GHO stakers, also called the “Merit”…

Bitcoin price stabilizes near $83K as investors eye S&P 500 recovery

Bitcoin’s (BTC) recent volatility highlights how markets tend to overreact, especially in situations that can escalate, such as trade wars. The 6.5% drop in the S&P 500 since its all-time high on Feb. 19 might seem minor in absolute terms, but the potential earnings impact is more significant. However, derivatives markets suggest Bitcoin’s dip below $83,000 should be short-lived. Traders tend to sell off assets when they sense a recession coming. Presently, investors are moving into cash and short-term government bonds. This shift explains why the US 2-year Treasury yield…

Tariff turmoil sparks $1 billion in liquidations: CoinGlass

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Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass.  More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier, the data showed.  On March 4, US President Donald Trump imposed 25% tariffs against Canada and Mexico, the United States’ largest trading partners, sending the S&P 500 stock index down…

Mexican Billionaire Ricardo Salinas Says Bitcoin Now Makes Up 70% of His Personal Portfolio

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Salinas revealed details of how much bitcoin exposure he has in his personal portfolio in an interview with Bloomberg and described the cryptocurrency as “the hardest asset in the world.” Ricardo Salinas Doubles Down on Bitcoin, Holds 70% of His Portfolio in BTC Mexico’s third richest man, Ricardo Salinas, chairman and CEO of corporate conglomerate […] Original

Bitcoin Crashes After $94K Surge—Key Market Signals Reveal What’s Coming Next

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Further Losses Incoming After DOT Falls Under $4.8

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Belarus president orders development of crypto mining

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Belarus President Alexander Lukashenko has instructed his energy minister to begin developing the country’s cryptocurrency mining industry, signaling a growing intent to generate additional revenue streams from the country’s excess energy supplies.  According to a March 4 report by local media outlet BelTA, President Lukashenko passed on the instructions to the newly appointed minister of energy, Alexei Kushnarenko. “Look at this mining,” Lukashenko said, according to a translated version of the report. “If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency…

Schiff Demands Investigation Into Trump’s Crypto Reserve ‘Announcement,’ Citing Insider Trading Concerns

Bitcoin critic Peter Schiff is calling for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claims were part of a “pump and dump scheme.” Pump and Dump Scheme Economist Peter Schiff has called for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claims […] Source CryptoX Portal

Bitcoin close to bottoming, EOY target still $150k: Lee

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This week’s U.S. job data and Bitcoin’s 10% dip could shape a market bottom, said Fundstrat’s head of research, Tom Lee. Crypto markets bounced last weekend as President Donald Trump teased a U.S. crypto reserve featuring five of the top digital assets by market cap, including Bitcoin (BTC) and Ethereum (ETH). Investors deployed over $330 billion across cryptocurrencies in hours due to the news. Yet, outflows surpassed $600 billion 24 hours later and cryptos returned all the gains from Trump’s announcement. Despite the market drawdown, Lee said Bitcoin will end…