Month: March 2025

Bitcoin Price In Limbo—Consolidating Below $92K Ahead of Next Move

Este artículo también está disponible en español. Bitcoin price started a recovery wave from the $85,000 zone. BTC is back above $87,500 and might struggle to clear the $92,000 resistance zone. Bitcoin started a fresh upward move from the $85,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $89,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $92,000…

Ether sentiment hits yearly low but that could be a good thing: Santiment

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Social sentiment over Ether has hit a new low for the year as the price underperforms that of other cryptocurrencies; however, this could signal that it’s ready to bounce back, according to Santiment.  Santiment’s social sentiment tracker found that traders’ discussions about Ether on various social media channels like X, Reddit and Telegram are more bearish compared to other major cryptocurrencies, the blockchain data platform said in a March 5 X post. “For those patiently holding their Ether, the bearishness being projected across social media is a good sign of…

Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase

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Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to CryptoQuant’s QuickTake platform, pointed out earlier today a tightening trend…

Bitcoin Tumbles Below $85K as Trump’s Crypto Reserve Order Sparks Sell-Off 

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Bitcoin and all the major cryptocurrencies plummeted following Donald Trump’s bitcoin reserve executive order, with BTC hitting an intraday low of $84,713 amid a broader market sell-off. Bitcoin Slides Following Trump Announcement Bitcoin nosedived to $84,713 Wednesday, erasing gains from its recent $90,000 peak, as traders reacted sharply to former President Donald Trump’s Bitcoin Reserve […] Original

Bitcoin plunges 6% as Trump’s crypto reserve falls short of hopes

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Bitcoin has plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve. Market participants had hoped the government would announce a plan to buy more Bitcoin (BTC), but Trump’s crypto tsar David Sacks said on X it would only use the Bitcoin it already holds from criminal cases — though it will look to develop “budget-neutral” strategies to acquire additional Bitcoin. Bitcoin dropped about 6%, falling from $90,400 to $84,979, according to CoinMarketCap data. Bitcoin has slightly recovered since, trading at $86,460…

Trump Signs Order Establishing ‘Digital Fort Knox’ Bitcoin Reserve Funded by Seized Assets

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President Donald Trump enacted an executive directive on Thursday, instructing federal agencies to launch a U.S. strategic bitcoin repository and a complementary repository for other digital currencies, solely funded by assets seized in civil or criminal cases. Trump’s ‘Digital Fort Knox’ Unveiled The order mandates the creation of a Bitcoin Strategic Reserve to store cryptocurrency […] Original

US customs may have thought Bitcoin miners were radio frequency devices: Luxor

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US Customs and Border Protection (CBP) authorities may have mistakenly seized thousands of Bitcoin miners under the impression that they were illegally imported radio frequency devices. Thousands of Chinese-made Bitcoin (BTC) miners had reportedly been seized at US ports of entry since around September and only began being released again as of a few weeks ago.   The CBP’s move to seize the Bitcoin miners came at the request of the US Federal Communications Commission Agency, industry players have said. However, Bitcoin mining firm Luxor Technology’s chief operating officer, Ethan Vera,…

This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says

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Este artículo también está disponible en español. A report from the on-chain analytics firm Glassnode has revealed a Bitcoin price region that could prove to be crucial for the bulls. Several Key Bitcoin Metrics Are Pointing At The Same Price Range Right Now In its latest weekly report, Glassnode has discussed the Bitcoin investor cost basis from various angles. The first indicator that the analytics firm has shared is the “UTXO Realized Price Distribution” (URPD), that basically tells us about how the BTC supply is distributed among the different price…

TransCrypts Wins Pitchfest at Consensus Hong Kong

Four and half years ago, when Zain Zaidi was applying to grad school, he submitted his academic transcripts. But, through an administrative error, the documents were lost, and he almost lost his place. Understanding how someone’s life could be altered by not being able to prove something like an academic credential, Zaidi set out to try and make it easier. Instead of going to grad school, Zaidi started TransCrypts, which helps companies verify employment information. The blockchain-powered startup recently won CoinDesk’s Pitchfest at Consensus Hong Kong. Zaidi says if we’re…