Day: March 12, 2025

America must back pro-stablecoin laws, reject CBDCs — US Rep. Emmer

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US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values. On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at the March 11 hearing. The legislation aims to block future administrations from launching a US CBDC without explicit approval from Congress. Emmer speaks during the House Financial Services Committee Hearing on CBDCs. Source: emmer.house.gov…

Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead?

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Bitcoin’s price has continued its gradual decline, now trading just above $81,000, marking a significant drop from its all-time high (ATH) in January. At the time of writing, BTC stands at $81,086, reflecting a 1.7% increase in the past 24 hours but still showing a 2.3% decrease over the past week. The ongoing correction has raised concerns among investors about whether the asset will recover or enter a prolonged consolidation phase. While there is no definitive reason behind Bitcoin’s ongoing price movements, CryptoQuant analyst Darkfost has highlighted an interesting correlation…

Cardano Struggles to Climb—ADA Faces Strong Hurdles Ahead

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Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.750 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.750 resistance zone. Cardano Price Climbs Higher In the past few…

Bitcoin Runs to $82K; SEC Delays Ripple, Dogecoin, Litecoin ETF Filings

Bitcoin (BTC) clawed its way back to nearly $82,000, staging a relief rally after dipping below $78,000 late Sunday, leading to a slight run-up in major tokens. Ether (ETH), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 3%, alleviating some losses from the past 7 days. The broad-based CryptoX 20 (CD20) added nearly 4%. Elsewhere, the U.S. Securities and Exchange Commission (SEC) delaying decisions on XRP, Dogecoin, and Litecoin filings. Bloomberg analysts had previously pegged Litecoin’s odds at 90%, Doge at 75%, and XRP at 65% for…

Bitcoin-focused Metaplanet’s total holdings break through 3k BTC

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Metaplanet has purchased 162 Bitcoin, bringing their total holdings to 3,050 BTC. This is the first time Metaplanet’s crypto investments have surpassed the 3,000 BTC mark. On March 12, the Japanese investment firm announced it had recently acquired an additional 162 BTC (BTC) at an average price of 12,39 million yen ($83,635) as part of its efforts to continuously strengthen its Bitcoin Treasury Operation. With this latest BTC purchase, Metaplanet has managed to accumulate 3,050 BTC or equal to nearly $250 million. This is the first time Metaplanet’s Bitcoin Treasury…

XRP Price Eyes Upside Break—Can Bulls Push Through Resistance?

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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…

Bitcoin price tanks as short-term holders capitulate, echoing August 2024 crash, analysts say

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A wave of short-term holder capitulation is now driving Bitcoin’s price lower, reinforcing bearish pressure, analysts at Glassnode warn. The price of Bitcoin (BTC) is now under strong selling pressure as short-term holders have started offloading their coins at a loss, much like past market downturns, according to a Glassnode research report. Since January, the accumulation trend has remained weak, showing that buyers aren’t stepping in to absorb the sell-off. Bitcoin accumulation trend score | Source: Glassnode The decline has lined up with Bitcoin’s slide from $108,000 to $93,000, what…

Ethereum Price Recovery Capped—Bulls Struggle Near Resistance

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. Ethereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the…

Bitcoin To Bottom Around $70,000? Arthur Hayes Says Correction ‘Very Normal’ In A Bull Market

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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. According to crypto entrepreneur Arthur Hayes, Bitcoin (BTC) is likely to bottom around $70,000, marking a 36% correction from its latest all-time high (ATH) of $108,786. Hayes stated that…

Starknet to bridge Bitcoin and Ethereum on layer 2

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Starknet plans to use Bitcoin as a settlement layer alongside Ethereum, aiming to connect the two largest blockchains on a single layer 2 network. The Starknet Foundation’s Bitcoin roadmap, published on Mar. 11, outlined how the network could scale Bitcoin (BTC) from its current 13 transactions per second  to thousands of tramsactions. Although Bitcoin provides deep liquidity and security, decentralized finance development has been difficult due to its limited programmability. Starknet (STRK) wants to change that. To achieve this, Starknet is pushing for OP_CAT, a proposed Bitcoin update that would…