Month: March 2025

Bitcoin will face ‘significant resistance’ reclaiming $94K: Analysts

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Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet to bounce back. Strong spot Bitcoin market sell-pressure nulls Trump gains The Bitfinex analysts linked this prediction to the recent volatility following US President Donald Trump’s March 1 announcement pledging a crypto reserve, which saw…

XRP Could Start To Explode To $33 Within 28 Days: Analyst

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Este artículo también está disponible en español. Crypto analyst EGRAG CRYPTO (@egragcrypto) has released a chart update that could stir excitement among XRP holders. In his latest post on X, the analyst references historical price behavior, a potential channel formation, and precise technical indicators to suggest that XRP may be on the verge of a swift move toward the $27-$33 price range. The timeframe for this potential surge, according to his analysis, could be as short as 28 days if conditions mirror XRP’s 2017 bull run. XRP Price To Hit…

Do Kwon’s US court hearing delayed as prosecutors review a swath of new evidence

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A Manhattan federal court judge has delayed the US government’s case against former Terraform Labs CEO Do Kwon after prosecutors requested more time to review another four terabytes of evidence. In a March 3 order, Judge Paul Engelmayer moved a hearing slated for March 6 to April 10 after the prosecutors said in a Feb. 27 letter that they anticipated “producing an additional 4 terabytes of discovery to the defense by the end of next week.” The government’s letter added that the evidence included information related to warrants on “various…

Ethereum Price Attempts Recovery—Key Levels to Watch After $2,000 Drop

Este artículo también está disponible en español. Ethereum price started a fresh decline below the $2,350 zone. ETH is now correcting some losses from the $2,000 support and might face hurdles. Ethereum started a fresh decline below the $2,320 support zone. The price is trading below $2,220 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,230 and $2,275 resistance levels to start a…

US Senate votes to overturn IRS DeFi broker rule

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers.  As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indicating that both parties were against the Biden-era rule. Introduced in December, the IRS DeFi broker rule required DeFi platforms to report user data for tax compliance, thereby broadening the definition of “brokers” to include them. Since decentralized platforms do not hold funds or…

Bitcoin Price Holds Steady After Drop—Is a Rebound Coming?

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Bitcoin price started a fresh decline below the $90,000 zone. BTC is back below $88,500 and might struggle to regain bullish momentum. Bitcoin started a fresh decline below the $92,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Faces Resistance Bitcoin price started…

Blackrock Warns of Bitcoin Supply Shock—Not Enough BTC for Every Millionaire

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Blackrock warns that bitcoin’s scarcity is more severe than widely believed, predicting that if every U.S. millionaire sought just one BTC, there wouldn’t be enough to meet demand. Blackrock Warns: Not Enough Bitcoin for Every Millionaire to Own Just One Blackrock, the world’s largest asset manager, published a report on Feb. 26 highlighting bitcoin’s potential […] Original

Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth

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A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of these wallets had been idle for six to seven years before unexpectedly reactivating in January 2025. Old Wallets Begin Moving Large Amounts The once-idle wallets did not remain quiet for long, crypto sleuth ZachXBT disclosed. More than $109 million in XRP transactions were registered, with cash going to prominent exchanges such as Coinbase, Bitstamp, and Bybit. This unexpected activity…

SEC Launches Crypto Roundtables Amid Policy Overhaul—Big Changes Ahead?

The SEC’s new Crypto Task Force is launching roundtables to reshape crypto regulation, starting March 21, as enforcement cases drop and pro-innovation policies take hold. SEC’s Crypto Roundtables Signal Major Policy Shift The U.S. Securities and Exchange Commission (SEC) has announced a series of roundtables to explore key aspects of crypto asset regulation, with the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin (BTC) Purchases Won’t Stop in El Salvador: President Nayib Bukele

Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” Bukele posted on X on Tuesday afternoon. “If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining.” Bukele’s social media post came shortly after the…