Day: March 19, 2025

70% of EU crypto payments go to retail, food and beverages — Oobit

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70% of crypto payments in the European Union go toward retail, food and beverage purchases, according to a report from Oobit, a cryptocurrency payments platform that surveyed its users’ spending habits. The report, which denominated all transactions in US dollars, showed that the average payment size using the Oobit app was $8.36, while the average deposit into the app was around $85. After retail and food and beverage purchases, 26% of payments went to tourism-related activities such as lodging, travel and aviation. 1.5% went to government services and digital payments,…

Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching two Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. According to the Securities and Exchange Commission filing, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to 1.15%. Volatility Shares’ 2X Solana ETF gives investors twice the leverage and will feature a 1.85% management fee. Volatility Shares Solana ETF SEC filing. Source: SEC The filings represent the first Solana-based ETFs in the…

On-Chain Data Signals Key Test For Solana At $135 Level – Insights

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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. Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to…

Bitcoin runs toward $86K after Fed maintains course, projecting two rate cuts in 2025

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Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell.  BTC/USDT 1-day chart. Source: TradingView Generally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates.  In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its…

Congress on track for stablecoin, market structure bills by August: Blockchain Association

United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York. Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months.  “I think we’re close to being able to get those…

Bitcoin (BTC) Holds Near $84K Following Fed Decision

As expected, the U.S. Federal Reserve left its benchmark fed funds rate range steady at 4.25%-4.50% on Wednesday, the second consecutive pause since three straight rate cuts to end 2024. The Fed’s quarterly economic projections showed a sharp decline in expectations for economic growth, with the GDP increase in 2025 now seen at just 1.7% versus 2.1% at the December projection. The growth outlook for 2026 and 2027 was trimmed as well. “Uncertainty around the economic outlook has increased,” the Fed said in an accompanying statement, which is likely a…

Bitcoin’s Road To $1M? Expect A ‘Dip Then Rip,’ Bitwise CIO Says

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

A $108T global liquidity surge should be sending Bitcoin to the moon — So why isn’t it?

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Global M2 money supply is at an all-time high — so why isn’t Bitcoin surging? Is something broken, or is a delayed breakout coming? Markets on edge as the Fed meeting looms Markets are heading into the Federal Reserve’s Mar. 18-19 meeting with mounting uncertainty as economic conditions remain volatile. Stock markets have stumbled, inflation remains persistent, and investors are reassessing their expectations for interest rate cuts. Adding to the unpredictability, President Trump’s tariff policies and federal layoffs have raised fresh concerns about the broader economic outlook, injecting further instability…

Cardano (ADA) on verge of 20% breakout as social sentiment indicator hits 4 month high

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Cardano’s (ADA) price has managed a steady 13.5% in March after experiencing a 32% dip in February. The altcoin is still down 15% in Q1, but technical data is beginning to point to the continuation of the recent positive price action. Cardano 1-day chart. Source: Cointelegraph/TradingView Despite ADA price moving sideways between $0.78 and $0.70 over the past 10 days, social sentiment related to the altcoin has hit a new year-to-date high. Cardano’s “bullish” sentiment soars to 4-month high According to Santiment, an onchain intelligence platform, Cardano’s social sentiment exhibited…