Day: March 6, 2025

Bitcoin gets March 25 ‘blast-off date’ as US dollar hits 4-month low

Bitcoin (BTC) is due to “blast off” in three weeks as global liquidity trends turn to favor crypto and risk assets. New X analysis from Andre Dragosch, European head of research at asset management firm Bitwise, predicts global money supply hitting new all-time highs. 3-week countdown to BTC price comeback A new BTC price tailwind is brewing as US dollar strength drops to its lowest levels since the start of November last year. The US dollar index (DXY), which measures dollar strength against a basket of trading partner currencies, is…

US customs starts releasing Chinese-made Bitcoin miners after regulatory holdup

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After detaining thousands of Chinese-made Bitcoin mining rigs for months, the United States Customs and Border Protection has started releasing some shipments, according to recent reports. Speaking to Reuters, Synteq Digital CEO Taras Kulyk disclosed that “Thousands of units have been released” after as many as 10,000 miners were seized at various U.S. ports.  According to him, detaining these rigs was a deliberate move from the CBP, driven by officials who “didn’t like Bitcoin mining” and wanted to make things difficult for the industry. The whole situation ties back to…

Bitcoin ETFs record third straight day of net outflows led by Valkyrie’s BRRR

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Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of net outflows on March 5, led by Valkyrie’s BRRR. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $38.3 million in outflows on Wednesday, extending their outflow streak to three days with $74.19 million and $143.43 million in net redemptions on Monday and Tuesday, respectively. The majority of the outflows came from Valkyrie’s BRRR, with $60.42 million exiting the fund, while Invesco Galaxy’s BTCO and Bitwise’s BITB saw more modest outflows of $9.94 million…

Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns

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Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at the time of writing. This decline has wiped out $80 billion from ETH’s market cap. Related Reading Despite this sharp pullback, crypto analysts are pointing to several bullish…

DoubleZero’s alternative to public internet targets mainnet rollout in H2

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A network hoping to become a parallel internet for blockchains is planning for a public mainnet launch in the second half of 2025 after recently completing a $28 million funding round and testnet beta launch. The DoubleZero Network hopes to be an alternative to the public internet that allows network operators to contribute underutilized bandwidth to a dedicated network built for systems like blockchains, according to a March 5 statement from the DoubleZero Foundation. Austin Federa, co-founder of DoubleZero, said in a March 5 post to X that the project…

Trump may be the “raging bull” of crypto, yet the EU may have the upper hand

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Opinion by: Mateusz Kara, co-founder and CEO of Ari10 President Donald Trump’s return to office has signaled a new era for crypto in the US, but the country has much to do to catch up with Europe. Trump has outlined grand plans and made sweeping promises to transform the US into a crypto haven. At this year’s World Economic Forum in Davos, Trump pledged to make the US the “world capital” of crypto, with a wave of pro-crypto policies, investments and regulatory clarity set to follow.  Crypto is becoming an…

IMF: Namibia Has No ‘Compelling Rationale’ for Retail CBDC

The International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for the Southern African nation to issue a retail central bank digital currency […] Source CryptoX Portal

BNB Price Starts Fresh Increase—Can Bulls Sustain the Momentum?

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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…

Ethereum Surges Nearly 10% As MVRV Ratio Drops Below 1—Bigger Rally Incoming?

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Ethereum’s price has mirrored Bitcoin’s recent market movements. ETH experienced a rollercoaster performance earlier this week before rebounding with a 10% increase in the past 24 hours. This recovery follows a broader market correction that initially led to fear among investors. While Ethereum’s performance remains closely linked to Bitcoin’s price action, recent on-chain data suggests that ETH may enter a renewed accumulation phase. MVRV Ratio and Institutional Accumulation Trends A post uploaded on the CryptoQuant QuickTake platform by a contributor known as Mac has particularly pointed out Ethereum’s Market Value…

Mt. Gox wallet moves 12,000 Bitcoin amid market volatility

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The long-defunct Mt. Gox exchange has shifted a massive $1 billion worth of Bitcoin, marking its first major transaction in over a month. On Mar. 6, blockchain analytics firm Arkham Intelligence flagged the movement of 12,000 Bitcoin (BTC) from a Mt. Gox-linked wallet (1PuQB). The transaction, which cost just $1.64 in fees, distributed 166.5 BTC (~$15 million) to the exchange’s cold storage (1Jbez), while the remaining 11,834 BTC was sent to an unknown wallet (1Mo1n). Mt. Gox-affiliated wallets now hold around 36,080 BTC, valued at approximately $3.26 billion, according to…