Day: March 10, 2025

Bitcoin dips to $80K in ‘ugly start,’ could retest key resistance: Hayes

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Bitcoin prices have continued to retreat over the weekend and have fallen to just above $80,000 on March 10 in what one analyst has described as an “ugly start” to the week.  It looks like Bitcoin (BTC) will retest $78,000, said BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes on X following the asset’s decline. “If it fails, $75,000 is next in the crosshairs,” he added. He also observed that there were a lot of Bitcoin options open interest suck in the $70,000 to $75,000 range. “If we get…

Bitcoin Price Dives Once More—Is a Deeper Correction Underway?

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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. Bitcoin price started a fresh decline from the $92,000 zone. BTC is back below $85,500 and might continue to move down below $80,000. Bitcoin started a fresh decline below the $85,000 zone. The price is trading…

US housing dept mulls blockchain, stablecoin to pay and monitor grants: Report

The US Department of Housing and Urban Development is reportedly looking to experiment with using blockchain and a stablecoin for some of its functions. The department, whose duties include overseeing social housing, has so far discussed the possibility of using blockchain to monitor grants, ProPublica reported on March 7, citing a meeting recording, documents and three officials familiar with the matter.  Also discussed was the idea of experimenting with paying a HUD grantee using a stablecoin, which could first be tested in one of the department’s offices before being applied…

Bitcoin price falls to $80K amid Trump economic policies

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On Mar. 10, Bitcoin’s price dropped to $80,052, reflecting a 7% decline over the past 24 hours, as uncertainty surrounding Trump’s economic policies continues to impact the market. As of this writing, Bitcoin is trading at around $82,200. According to crypto.news price tracker, the overall cryptocurrency market saw a 7% decline, reaching a valuation of $2.77 trillion. While Solana (SOL) and XRP (XRP) registered 7% losses each, Ethereum (ETH) fell 8% to trade close to $2,000. Bitcoin’s (BTC) dominance, at 58.2%, has remained steady despite the decline. Bitcoin trades at…

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

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The Liberal Party of Canada has announced Canada’s new prime minister is Mark Carney, a former central banker and Bitcoin critic with plans to fight back against the US’ recently introduced tariffs. Carney won on March 9 in a landslide vote to choose the replacement for Justin Trudeau, who held the position for over seven years. Carney served as governor of the Bank of Canada between 2008 and 2013 before crossing the Atlantic Ocean to serve as governor of the Bank of England for the next seven years. He told…

Ripple CEO Sees ‘Incredible’ Crypto Support From Trump Administration

Ripple’s CEO praised the Trump administration’s embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by U.S. Treasuries. Ripple’s CEO Applauds Trump Administration’s Embrace of Crypto Brad Garlinghouse, CEO of Ripple, reflected on a significant week for the cryptocurrency industry, highlighting key events such as the first-ever White House […] Source CryptoX Portal

Utah’s Senate passes Bitcoin bill — but scraps key provision

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Utah’s Bitcoin bill has passed the state Senate, but without its cornerstone, a clause that would have made it the first US state with its own Bitcoin reserve. The HB230 “Blockchain and Digital Innovation Amendments” bill now only provides Utah citizens with basic custody protections, the right to mine Bitcoin (BTC), run a node and participate in staking, among other things. The 19-7-3 vote to pass the measure on March 7 means the bill is now headed to Utah Governor Spencer Cox’s desk to be signed into law. The reserve…