Day: March 4, 2025

NYSE Arca proposes rule change to list Bitwise Dogecoin ETF

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NYSE Arca has filed a proposed rule change to list and trade shares of the Bitwise Asset Management Dogecoin exchange-traded fund.  On March 3, the New York Stock Exchange subsidiary filed the 19b-4, which, if approved, would enable the exchange to list the Bitwise Dogecoin (DOGE) ETF, a fund offering direct exposure to the memecoin.  Coinbase will act as the Dogecoin custodian while the Bank of New York Mellon will handle the cash custody, administration, and transfer agency functions, it stated.  The ETF uses cash creations and redemptions, meaning investors…

Solana (SOL) Plunges 20%—Key Support Levels Now in Focus

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin price dips below $83K as Trump tariffs take effect

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Bitcoin price fell below $83,000 as traders reacted to President Donald Trump’s confirmation that new tariffs on Canada and Mexico will take effect on March 4. The leading cryptocurrency is down 10% on Tuesday, Mar. 4, according to the price tracker on crypto.news, reversing its weekend rally following Trump’s announcement of a U.S. strategic crypto reserve. Investor sentiment quickly shifted after Trump reaffirmed 25% tariffs, triggering a major selloff across financial markets.  The Dow Jones erased a 300-point gain to drop over 1,100 points, while the S&P 500 lost $1.5…

Bitcoin Sellers Incur Loss As SOPR Drops To 0.95 – A Sign Of Market Bottom?

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Este artículo también está disponible en español. According to a recent Quicktake post by CryptoQuant analyst abramchart, short-term Bitcoin (BTC) investors are incurring losses, suggesting that the crypto market may have hit its bottom and a trend reversal could be on the horizon. Has Bitcoin Bottomed? Bitcoin experienced significant volatility over the past week, dropping from $96,000 on February 23 to $78,258 on February 27. However, it recovered most of its losses yesterday, rebounding to as high as $95,000. Related Reading In the Quicktake post, abramchart highlighted the declining Spent…

SEC’s Crypto Task Force to host roundtable on crypto security status

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The US Securities and Exchange Commission’s Crypto Task Force is set to host a roundtable later this month on the “security status” of digital assets. It comes the same day the agency announced the staffing lineup for the task force, which taps a former big law firm crypto lawyer along with longstanding SEC staff. The SEC said in a March 3 press release that it will host a series of roundtables at its Washington, DC head office, dubbed the “Spring Sprint Toward Crypto Clarity.”  The first roundtable will kick off…

XRP Rally Fades—Price Surrenders Recent Gains

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XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support. XRP price started a fresh decline from the $3.00 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $2.20 support zone. XRP Price…

XRP Price Can Fall Further To $1.5 If This Level Fails To Hold

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Este artículo también está disponible en español. Despite recovering from bearish lows following its recent uptick, a crypto analyst has predicted that the XRP price could undergo a further decline in its price to $1.5. The analyst has pinpointed a critical resistance level that XRP will need to hold lest it crashes to new lows and eradicates recent gains. Analyst Predicts XRP Price Crash To $1.5 TradingView crypto analyst MadWhale has shared a new price analysis focusing on XRP’s future price potential. The analyst emphasized his strong track record of…

Ethereum Price Crashes to $2,000—Is More Downside Ahead?

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Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave.…

SEC reportedly offering $50K incentive for eligible staff to resign

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The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator.  The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing an email it reviewed. The email, which described the offer as a “voluntary separation incentive” or “voluntary early retirement program,” was reportedly sent on Feb. 28 by SEC chief operating officer Ken Johnson to all…