Day: March 6, 2025

Back to Back Weekly Hammer Candles in BTC Only Been Seen Five Times Prior

The past few weeks have been highly volatile for bitcoin (BTC), with price action reflecting sharp swings. In the past two weeks bitcoin traded on an open-high, lower-close candlestick pattern with double-digit percentage differences. The week beginning Feb. 24 saw bitcoin drop to a low of $78,167 and climb to a high of $96,515, a 23% swing. The following week, starting Mar. 3, recorded a low of $81,444 and a high of $94,415, marking a 16% swing. These large candlestick formations are known as hammer candles, as defined by analyst…

Trump’s WLFI tripled Ether holdings in a week amid market downturn

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The decentralized finance (DeFi) platform linked to US President Donald Trump significantly increased its Ether holdings over the past week as the cryptocurrency’s price briefly dipped below $2,000. Trump’s World Liberty Financial (WLFI) DeFi platform has tripled its Ether (ETH) holdings over the past seven days as ETH fell below the $2,000 psychological mark, reversing from $1,991 on March 4, Cointelegraph Markets Pro data shows. ETH/USD, 1-month chart. Source: Cointelegraph Data provided by Arkham Intelligence shows WLFI now holds about $10 million more in Ether than a week earlier. Its…

Stellar Setting Up For Rally To $1.60 – Here Are The Key Levels

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Este artículo también está disponible en español. Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Related Reading Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge in the past day, recovering from this week’s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness…

Tether freezes $27M USDT on sanctioned Russian exchange Garantex

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Stablecoin operator Tether has frozen $27 million in USDt on the sanctioned Russian Garantex crypto exchange, forcing the platform to halt operations. “Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles [$27 million],” Garantex wrote on its official announcement channel on Telegram on March 6. The exchange said it has temporarily suspended all services, including withdrawals, with its website currently under maintenance. The news comes shortly after the European Union sanctioned Garantex as part of the 16th package of…

Indian town adopts Avalanche blockchain for tamper-proof land records

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The district administration for a town in India has digitized all land records dating back to the 1950s and stored them on the Avalanche blockchain in a move toward transparent, tamper-proof land governance. On March 6, the Dantewada District Administration of Chhattisgarh, India, announced that it had digitized over 700,000 land records via the Office of Land Records. The digitized records were secured on the Avalanche blockchain in collaboration with Indian blockchain startup LegitDoc by Zupple Labs.  Indian Administrative Service (IAS) officer Mayank Chaturvedi, who is the district collector of…

Institutional Investors Brace for Crypto Boom With Trump’s Regulatory Overhaul

Institutional investors are betting on a crypto boom under President Donald Trump, with 92% expecting favorable regulations and key appointments to accelerate industry growth, a survey found. Institutional Investors Eye Regulatory Wins as Trump’s Crypto Agenda Takes Shape Institutional investors and wealth managers anticipate a more favorable regulatory environment and increased growth for digital assets […] Source CryptoX Portal

Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next?

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Este artículo también está disponible en español. Bitcoin has regained momentum following a period of decline, with its price now trading at $87,992, reflecting a 6.9% increase in the past 24 hours. The recent price movement has drawn attention to shifting supply dynamics, particularly between short-term holders (STH) and long-term holders (LTH). This trend, analyzed by CryptoQuant contributor XBTManager, provides insights into Bitcoin’s current market cycle and what could come next. Related Reading Short-Term vs. Long-Term Holders: A Market Balancing Act According to XBTManager, Bitcoin’s all-time high (ATH) has triggered…

New Hampshire’s Bitcoin reserve bill clears House Committee

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New Hampshire is the latest U.S. state to advance a Bitcoin reserve bill to the House, with its House committee clearing the proposal on March 5. According to Bitcoin Laws, House Bill 302 passed the House Commerce and Consumer Affairs Committee in a 16-1 vote. The proposal was introduced by Republican Keith Ammon on Jan. 7.  NEW HAMPSHIRE Update: Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee. The vote was 16 – 1 pic.twitter.com/7DpzFzxgda — Bitcoin Laws (@Bitcoin_Laws) March 6, 2025 HB302 proposes allowing New…