Day: March 8, 2025

Bitcoin Price Slips Again, But Big Buyers Are Moving In

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Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January. This latest pullback highlights the shifting sentiment among investors and the increasing influence of large holders, or whales, in the market. Whales Are Finally Back, Data Shows CryptoQuant analyst Darkfost has identified a notable trend in Bitcoin whale behavior, revealing that these influential market participants had…

‘Dollar Smile’ Theory Suggests Weaker Dollar Ahead, According to Stephen Jen

Stephen Jen, CEO of Eurizon SLJ Capital, believes the U.S. dollar’s decline is just beginning. Concerns about the US economy and optimism about growth abroad have pushed the dollar to a three-month low, aligning with Jen’s long-held prediction of a weaker dollar. Jen’s “dollar smile” theory suggests the dollar gains during deep slumps or strong […] Source CryptoX Portal

Coinbase to add 1,000 more US jobs in 2025, thanks to Trump — Brian Armstrong

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Coinbase CEO Brian Armstrong said that United States President Donald Trump’s strong support for crypto has led the exchange to go on a hiring spree in the US. “Coinbase is planning to hire about 1,000 people in the United States this year as a direct result of his actions already in the first 60 days or so,” Armstrong said in a video posted to X on March 7. Hiring spree to significantly grow Coinbase’s headcount “These policies really matter; this is the most pro-crypto Congress we’ve ever seen as well,”…

SBF sent to solitary confinement over Tucker Carlson interview: Report

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Former FTX CEO Sam “SBF” Bankman-Fried has reportedly been sent to solitary confinement after taking part in an interview with right-wing political commentator Tucker Carlson, which was not approved by prison authorities. “This particular interview was not approved,” a representative for the US Bureau of Prisons told The New York Times on March 7. Bankman-Fried did not receive permission to take interview According to a person briefed on the situation, after Bankman-Fried’s interview with Carlson was published, he was sent to solitary confinement at Brooklyn’s Metropolitan Detention Center, where he…

Binance Whales Cash Out as Bitcoin Drops—More Downside Ahead?

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Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how…

Pro-Bitcoin Senator on Trump’s BTC Reserve: ‘This Is Only the Beginning’

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​U.S. Senator Cynthia Lummis hails President Trump’s executive order establishing a strategic bitcoin reserve as a historic move to address national debt and secure America’s financial leadership. Pro-Bitcoin Senator Backs Trump: BTC Reserve Could Slash US Debt and Dominate Finance U.S. Senator Cynthia Lummis (R-WY) has praised President Donald Trump’s executive order establishing a strategic […] Original

SBR and stockpile “not enough” to make U.S. crypto capital of the world

Jake Chervinsky, a lawyer and chief legal officer at digital asset manager Variant, says the United States can do more than a strategic Bitcoin reserve or crypto stockpile if it truly wants to be the crypto capital of the world. According to Chervinsky, having a strategic Bitcoin (BTC) reserve and digital asset stockpile could be great for the U.S. However, he believes this alone will not make the country the crypto capital of the world. There’s much more that needs to be done and got right for President Donald Trump’s…

US Bitcoin Reserve and Crypto Stockpile—White House Breaks Down Trump’s Executive Order

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The U.S. is establishing a bitcoin reserve and crypto stockpile under President Trump’s executive order, ensuring forfeited digital assets are strategically managed rather than sold. White House Explains Trump’s Executive Order on Bitcoin Reserve and Crypto Stockpile U.S. President Donald Trump signed an executive order on March 6, creating a strategic bitcoin reserve and a […] Original

US Bitcoin reserve prompts $370 million in ETF outflows: Farside

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Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors.  The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created a national Bitcoin reserve but didn’t instruct the government to buy Bitcoin — disappointed traders.  “While [Trump’s executive order] acknowledges crypto’s role in global finance, the lack of fresh purchases disappointed markets,” Alvin Kan, chief…

Bitcoin Slides 5% After Trump Signs Strategic Reserve EO

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin and other top altcoins like ADA and Ripple’s XRP surged in price minutes after US President Trump issued a statement on a crypto strategic reserve. After languishing below…