Day: March 6, 2025

XRP Bulls Set Their Sights On $222—Can It Happen?

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XRP could be on the verge of a massive price jump, according to analyst Egrag Crypto. The well-known chartist has identified what he calls the “Kangaroo Phase,” a consolidation period that might lead to a breakout. Based on historical trends and key technical indicators, he believes XRP could reach as high as $222 if conditions align. XRP Key Support And Resistance Levels Egrag Crypto identifies important pricing ranges that show XRP is keeping firm. The altcoin has stayed above a crucial support line, which would offer a basis for a…

Bitcoin ETFs Witness $38 Million Outflow as Grayscale Withdrawals Hit Ether ETFs Hard

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On March 5, Bitcoin ETFs experienced net outflows of $38 million, with Valkyrie’s BRRR leading the withdrawals. Ether ETFs faced even larger outflows, totaling $63 million, primarily due to significant withdrawals from Grayscale’s ETHE. Midweek Outflows: Crypto ETFs Experience Significant Withdrawals In a week marked by significant market fluctuations, bitcoin and ether exchange-traded funds (ETFs) […] Original

Brazil fintech unicorn Meliuz adopts Bitcoin treasury strategy

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Brazilian fintech unicorn Meliuz said on March 6 that it has begun purchasing Bitcoin as part of a new treasury management strategy, joining a growing trend of traditional finance companies holding cryptocurrency assets. Meliuz, which provides cashback and financial technology services, announced its entry into the cryptocurrency market with its board of directors approving the accumulation of up to 10% of the company’s cash in Bitcoin (BTC), local news agency Visno Invest reported. According to the report, Meliuz has already completed its first Bitcoin acquisition, purchasing 45.72 Bitcoin for about…

Bitwise debuts Bitcoin-gold ETP with dynamic allocation

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Bitwise has launched a new exchange-traded product balancing Bitcoin’s growth potential with gold’s defensive characteristics. Crypto asset manager Bitwise has launched a new ETP product that combines Bitcoin (BTC) and gold, dynamically adjusting allocations based on market conditions. In a March 6 press release, Bitwise said its new product offering dubbed the Bitwise Diaman Bitcoin & Gold ETP (BTCG) dynamically adjusts allocations based on market conditions, following the Diaman Bitcoin & Gold Index. Bradley Duke, head of Bitwise Europe, commenting on the launch said that with the latest product offering,…

Bitcoin struggles near $90K as US tariff fears spook ETF investors

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Bitcoin’s recent rally above the key psychological threshold of $90,000 proved short-lived, with analysts pointing to ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets. Bitcoin (BTC) staged a near 10% recovery to above $95,000 on March 2 before forming a double-top chart pattern around $94,200 on the daily chart, a setup that indicates an imminent price decline. Bitcoin bottomed at around $81,400 the following day and has since been struggling to remain above the $90,000 mark, TradingView data shows. BTC/USD, 1-day chart, double top. Source:…

BitcoinOS Teases Cross-Chain Token Standard For Bitcoin And Cardano As “Stealth” $BOS Presale Goes Live

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This content is provided by a sponsor. BitcoinOS (BOS), the self-described “operating system for building everything on Bitcoin,” is teasing an ambitious vision to unify Bitcoin and Cardano into a single, interoperable network using a new token standard compatible with both chains. These claims coincide with a little reported stealth launch of the $BOS token […] Original

Nigeria’s Crypto Clampdown: Binance Users Blocked From Crypto Giveaway Programs

Binance’s battle with the Nigerian government has taken a new turn, as users in the West African country are now blocked from participating in airdrop campaigns. Users Told Service No Longer Available Weeks after Binance’s battle with the Nigerian government reignited, users of the cryptocurrency exchange in the West African country are reportedly being blocked […] Source CryptoX Portal

Why Did the US Senate Choose $ADA for the Strategic Reserve?

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After Donald Trump’s announcement of a US Strategic Crypto Reserve, Cardano ($ADA) skyrocketed over 70% in less than 24 hours. Aside from a significant price bump, $ADA’s investor volume also skyrocketed, which has spiked everyone’s interest in what’s being touted as one of the best cryptos to buy now. Keep reading to find out everything about Cardano’s 2025 price prediction. We’ll paint a clear picture (combined with both fundamental and technical analysis) to understand where $ADA could be headed next. Cardano 2025 Price Prediction at a Glance Here’s a brief…

Reaction to Trump’s crypto reserve: ‘Short-term optimism, long-term caution’

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A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported. Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum Reserve, created in the 1970s after the Arab oil embargo — raises as many questions as it answers. There was controversy, if not confusion, about what sorts of crypto would comprise the “reserve,” as well…

US To Buy 1 Million Bitcoin For Reserves, Hints Michael Saylor

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Este artículo también está disponible en español. MicroStrategy founder and executive chairman Michael Saylor suggested that the United States might purchase one million Bitcoin for its strategic reserves. His remarks came during an interview with FOX Business ahead of Friday’s White House Crypto Summit, to be hosted by US President Donald Trump. Saylor, whose company is widely known for its significant Bitcoin holdings, confirmed that MicroStrategy owns approximately 500,000 of the digital tokens, accounting for “about 2.4% of the worldwide supply.” He is one of several crypto-industry figures expected to…