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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Federal Reserve is set to open a new chapter in the US Basel III debate next week, and for Bitcoin policy advocates the stakes are unusually clear: whether the largest American banks will keep inheriting a capital regime that treats bitcoin as effectively untouchable. The fight centers on Basel’s 1,250% risk weight for certain crypto exposures, a calibration critics say makes regulated bank participation in Bitcoin uneconomic by design. Bitcoin’s ‘Toxic’ Basel Label Heads For Public Review Conner Brown, managing director at Bitcoin Policy, cast the…
Bitcoin BTC$71,859.13 rose through $72,000 during European hours on Friday, rising by 2% since midnight UTC and outpacing gains in U.S. equity indexes.Futures on the Nasdaq 100 and S&P 500 index dropped during Asian trading hours before recovering. Both are now in the green. The U.S. Dollar Index (DXY), meanwhile, broke above 100, a move that typically puts pressure on risk assets like cryptocurrencies and stocks.Today, however, the crypto market seems relatively immune to that pressure, with notable gains across the board. The CoinDesk 20 Index (CD20) is 1.1% higher since midnight.If bitcoin can break above $74,000, a level it…
A popular crypto analyst believes Bitcoin’s (BTC) price will plummet in a matter of weeks. In a new market update, Benjamin Cowen tells his 986,000 YouTube subscribers that Bitcoin remains in a bear market and could drop below $60,000 by the end of March based on historical precedence. “Look at the bear market structure. You see how it was trending up. You set a low at $80,000, and then the market trended up for two months, basically, before breaking down. And where did it find support? $60.000. And guess what’s been happening since $60,000. Bitcoin is generally trending up. You…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Elon Musk’s role in the growth of Dogecoin over the years cannot be overstated, as the billionaire served as the cornerstone of the 36,000% rally that caught attention back in 2021. The support for the meme coin also continued long after this, moving Dogecoin into the payments sector as well. However, following Musk’s acquisition of Twitter (now X) in 2023, his involvement and tweets about the meme coin began to decline, and have become nonexistent in the last year. When Did Elon Musk Last Tweet About Dogecoin?…
By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin BTC$72,223.37 looks to be gathering bullish momentum, with volatility expected to increase as prices near a $3 billion trigger point.The leading cryptocurrency by market value climbed through $72,100 during European hours, the widely tracked average price over the past 50 days. According to analysts, a firm move above this level would confirm bullish momentum, potentially drawing in more buyers.Volatility is likely to pick up should prices near $75,000. That’s where options market makers, who provide order-book liquidity and ensure a seamless trading experience, are holding net “short gamma” positions worth $3…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure President Donald Trump is preparing to host the second exclusive dinner for holders of his official memecoin, TRUMP, which briefly saw its price surpass $3 following the announcement of the event set for April 25 at Mar-a-Lago. Trump’s Upcoming Gala Luncheon According to the official website for the memecoin, attendees will have the opportunity to “Meet and Learn from 18 of the World’s Most Influential SUPERSTARS.” This approach is consistent with a strategy employed by Trump’s memecoin team last April, which allowed the top 220 holders of…
Bitcoin BTC$72,489.14 held firm near $71,000 on Friday, extending a quiet stretch of consolidation that has kept the crypto market largely unmoved by turbulence in global equities.BTC traded around $71,300 in early trading, up roughly 2.6% over the past 24 hours and slightly higher on the week. Ether (ETH) changed hands near $2,117, gaining about 4.6% on the day, while solana (SOL) climbed more than 5%. XRP (XRP) rose to $1.41 and BNB hovered around $661, both posting modest daily gains.The broader crypto market capitalization sat near $2.4 trillion for a third straight session, reflecting a market that has been…
The US national debt has skyrocketed by more than half a trillion dollars in just four months, according to the U.S. Treasury Department. Since December 12th, the US national debt has risen by approximately $543 billion, per the U.S. Treasury Department’s Debt to the Penny dataset. The total US national debt now stands at $38.88 billion, an increase of around 7% year over year. The rapid growth of the national debt comes as former U.S. Representative Ron Paul warns the ongoing Middle East war between Iran on one hand and the US and Israel on the other will make the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin spot volume has shown resilience recently while the rest of the cryptocurrency sector has seen a slump. Altcoins Have Noted A Decline In Spot Activity Since Late January As highlighted by on-chain analytics firm Glassnode in a new post on X, Bitcoin and the rest of the cryptocurrency market have diverged in terms of the spot trading volume. The “spot trading volume” is a metric that measures, as its name suggests, the total amount of a given asset that’s becoming involved in…
Bitcoin BTC$71,859.13 rose above $71,500 on Friday, outperforming U.S. equities even as the dollar strengthened and oil prices remained elevated as the war with Iran was set to enter its third week.A stronger dollar can tighten global financial conditions and often weighs on risk assets such as equities and cryptocurrencies. Higher oil prices — both Brent crude and West Texas Intermediate are hovering around $100 per barrel — reinforce inflation concerns and heighten expectations of interest-rate increases. Higher rates also detract from the attraction of such investments.Despite these macro and geopolitical pressures, including the Middle East conflict, bitcoin has remained…