Day: March 10, 2025

U.S. creating a strategic Bitcoin reserve is ‘very significant,’ analyst says

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Richard Byworth, managing partner at alternatives investment firm Syz Capital, says the United States’ creation of a strategic Bitcoin reserve is historic for the entire crypto market. According to Byworth, President Donald Trump’s signing of the executive order that established a strategic Bitcoin (BTC) reserve is “a seminal moment” for the crypto industry. The investment manager noted this during an interview with CNBC’s Squawk Box on Monday, Mar. 10. His comments follow last week’s inaugural crypto summit at the White House, a key event for crypto and especially for Bitcoin.…

ETF Weekly Recap: Four Consecutive Weeks of Outflows for Bitcoin ETFs With Another $799M Exit

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Bitcoin ETFs experienced a net weekly outflow of $799 million, marking the fourth consecutive week of outflows. Ether ETFs also faced challenges, recording a net outflow of $120 million. Crypto ETFs Continue to Experience Significant Outflows In the week spanning Mar. 3 to Mar. 7, bitcoin and ether ETFs experienced significant net outflows, reflecting a […] Original

Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

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Bitcoin risks a fall below the critical $78,258 support, opening the doors for a further fall to $73,777. Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be…

El Salvador stares down the IMF — And keeps buying Bitcoin

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The IMF said to slow down. El Salvador said no. President Bukele’s government just added five more Bitcoins to its treasury, pushing its reserves past 6,111 BTC — defying the very institution that loaned it $1.4 billion just months ago. What’s driving this bold stance? El Salvador defies IMF El Salvador isn’t backing down on Bitcoin (BTC), no matter what the International Monetary Fund says.  On Mar. 10, the South American nation added five more Bitcoins to its treasury, bringing its total holdings to 6,111.18 BTC, worth around $509.5 million…

This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over

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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. RLinda, a TradingView crypto analyst who predicted Bitcoin’s previous crash from $91,000, has shared another bearish forecast for the pioneer cryptocurrency. According to the analyst, more pain may be…

U.S. traders to gain round-the-clock access to Bitcoin, Ethereum futures

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Coinbase Derivatives, a CFTC-regulated futures exchange, is preparing to introduce 24/7 Bitcoin and Ethereum futures trading for U.S. traders. This marks the first time crypto futures will be available around the clock in the U.S., mirroring how cryptocurrency spot markets already operate, according to Coinbase. Derivatives, which allow traders to bet on future price movements without holding the actual asset, dominate global crypto trading. More than 75% of all crypto trading volume occurs through these contracts. However, U.S. traders have faced limitations due to fixed market hours and futures contracts…

Bitcoin miner CleanSpark to join the S&P SmallCap 600 index

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Nasdaq-listed Bitcoin mining firm CleanSpark has announced its upcoming inclusion in the S&P SmallCap 600 index. CleanSpark, one of the largest Bitcoin (BTC) mining companies in the world, revealed this via press release on Mar. 10. According to the news release, inclusion in the S&P SmallCap 600 index will go into effect ahead of market opening on March 24, 2025. Why does this matter? The S&P SmallCap 600 Index measures the small-cap constituents of the U.S. stock market. It tracks companies based on criteria such as book value and earnings,…

Bitcoin nears $78K lows as US stocks dive at the Wall Street open

Bitcoin (BTC) sought a rematch with multimonth lows on March 10 as familiar selling accompanied the start of Wall Street trading. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price sags closer to new four-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around 4% on the day to reach $79,170 on Bitstamp. Weakness into the weekly close continued as risk assets across the board suffered a flight to safety. Stocks fell substantially at the open, with the S&P 500 and Nasdaq Composite Index down 2% and 3.5%, respectively.…

Thailand regulator approves USDT, USDC stablecoins

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The Thailand Securities and Exchange Commission (SEC) has approved Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country. Thailand’s SEC announced the approvals last week after soliciting feedback from the public on proposed regulatory changes that were finalized in February and scheduled to go into effect on March 16. As Cointelegraph previously reported, there have been growing calls within Thailand to legitimize cryptocurrency usage and urge stablecoin adoption to boost domestic revenue. This followed the creation of…