White House Crypto Czar David Sacks has endorsed President Donald Trump’s U.S. Crypto Strategic Reserve, highlighting its inclusion of bitcoin and other top cryptocurrencies to position the U.S. as a global leader. Trump’s US Crypto Strategic Reserve Sparks Industry Buzz David Sacks, the White House AI and crypto czar, has expressed support for President Donald […] Original
Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Bearish Sentiment Takes Hold EgyHash notes that Binance, one of the world’s largest crypto exchanges, is seeing a steady rise in key metrics that indicate growing sell-side activity. According to EgyHash, the 7-day moving average of mean coin inflows into Binance is increasing, signaling…
Richard Teng, Binance’s CEO, firmly believes that the current crypto dump won’t last long. Referencing crypto’s historical performance, Teng said that, just like traditional assets, crypto reacts to changes in the outside world, but it also bounces back. In anticipation, we highlight four top new crypto tokens to buy now. Crypto Always Rebounds ‘It’s important to view this as a tactical retreat, not a reversal. Crypto has been here before and bounced back even stronger.’ – Richard Teng said on X Another piece of positive speculation from Teng is that…
Expert analysts at Bernstein, a top research and brokerage firm, have opined that the larger crypto market is set to move away from pure meme coins and back to segments with real utility. These include gaming, DeFi, and NFTs. Another interesting prediction from them comes in the form of a target for Bitcoin. They believe that with the new pro-crypto Trump administration pushing for a strategic Bitcoin reserve, the OG cryptocurrency’s price could cross the $200K mark by the end of 2025. $BTC is currently trading at $88,700. Where is…
HK Asia Holdings Limited, a top investment firm in Hong Kong, is the latest to join the Bitcoin buying spree among institutions and companies. The firm purchased around 7.88 $BTC on February 20, bringing its total Bitcoin holdings to 8.88 $BTC. Put together, HK Asia had to shell out around $97,021 per $BTC, or $862K in total. It’s worth noting that this is the second time the firm has purchased Bitcoin this month. It bought 1 $BTC on February 16, which immediately skyrocketed its share price. It rose by nearly…
A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase. KAITO – an “InfoAI” protocol that aims to solve the problem of fragmentation within the digital assets industry – was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly…
The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of…
Jamie Coutts, the chief digital asset analyst of Real Vision, says that the current crypto cycle is far from over, considering global liquidity conditions. Coutts drew a comparison between the global money supply (M2) and the crypto market. Of course, crypto movements depend a lot on liquidity. The more money there is in the markets, the more it tends to go up. Another side of the coin is adoption. As more people use crypto, it becomes more valuable and sees a price increase. Crypto benefits from both liquidity and increasing…
BitGo, a popular crypto custody service firm, has now introduced over-the-counter (OTC) trading for digital assets. This will allow traders to trade in derivatives of more than 250 digital assets. BitGo will also offer yield-generating products and lending services. Matt Ballensweig, BitGo’s CEO, said that this desk is a great opportunity for traders to benefit from a full-service desk that includes spots, derivatives, and lending. BitGo now holds more than $100B in assets. It seems to have timed its desk launch perfectly. Thanks to the arrival of Trump, crypto OTC…
Bitcoin price suffered a flash crash from $100,000 to a low of $91,300 on February 3. Bitcoin has consolidated in the range between $95,500 and $99,000 since the crash, and altcoins struggle to gain as BTC dominance hovers close to its four-year peak. Solana (SOL) ecosystem observed a steep correction in its market capitalization, down to $9.96 billion and erasing over 7% of its value in the last 24 hours, according to CoinGecko data. Factors like the LIBRA and MELANIA meme coin controversy and alleged links to entities that pulled…