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Bitcoin BTC$68,016.40 is firmly in the deepest phase of the bear market and the pain may worsen, according to CK Zheng, founder of crypto investment firm ZX Squared Capital.”Bitcoin’s price is convincingly in deep bear market territory now. We expect a further 30% price drop during 2026 as the Iran war started,” Zheng told CoinDesk in an email, citing the “four-year cycle” as one of the key catalysts.The world’s largest cryptocurrency has already nearly halved since hitting a record high of over $126,000 in October last year, according to CoinDesk data. As of writing, it changed hands at around $68,000.The…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The gap between how investors feel about gold and Bitcoin has rarely been this wide. Gold’s fear and greed index sat at 72 out of 100 — deep in greed territory — while the top crypto’s equivalent reading hit 18 out of 100, a level classified as extreme fear. For macroeconomist Lyn Alden, that gap tells a story worth paying attention to. A Contrarian Bet On Bitcoin’s Next Two To Three Years Alden, speaking on the New Era Finance podcast this week, said that if she had…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of Russia has proposed letting banks and brokerage firms obtain licenses to operate crypto exchanges. A New Crypto Play A report published by Interfax on March 5 states that The Central Bank of Russia (CBR) Governor Elvira Nabiullina has proposed to allow banks and brokers to obtain crypto exchange licenses via a notification process, as based on their current licenses. This statement was made at the annual meeting of lending institutions with the Central Bank. According to Nabiullina, the proposal aims to leverage the banking…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain analytics firm CryptoQuant has highlighted how its Bull Score Index is deep inside the bearish territory despite the latest Bitcoin price rally. Bitcoin Bull Score Index Has A Value Of Just 10 Right Now In a new post on X, on-chain analytics firm CryptoQuant has discussed the latest trend in the Bull Score Index for Bitcoin. This metric basically contains information about the phase of the cycle that BTC is currently inside. The indicator makes use of some of the most popular on-chain metrics to calculate…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The timing of the next altcoin season is one of the most debated topics in the cryptocurrency market as traders search for signs that capital could soon rotate away from Bitcoin into smaller assets. However, not every analyst believes that the next phase of the cycle will arrive soon. According to crypto analyst Hyland, investors may still see significant upside in the broader crypto market once Bitcoin turns bullish again, but an altcoin season might not materialize this year. Why An Altcoin Season In 2026 May Be…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite XRP’s continued decline and its struggle to regain the $2 level, one analyst believes the asset is approaching a decisive technical zone that could determine the next rally. A chart breakdown from crypto analyst Egrag Crypto shows that if XRP reclaims key levels above the 200-week EMA, it could strengthen momentum and open the path toward $8.5. XRP 200 EMA And $1.55 Become Immediate Battleground The projected rally is based on XRP’s interaction with the 200-week EMA, a widely monitored indicator used to assess long-term market…
Vancouver Mayor Ken Sim’s plan to invest city reserves in bitcoin BTC$68,337.72 is not permitted under the Vancouver Charter and British Columbia’s Municipal Finance Authority Act, a staff report says.The briefing released ahead of a March council meeting recommends closing a 2024 motion to make Vancouver a “bitcoin-friendly city,” after staff determined the plan violates municipal investment rules embedded in the city’s charger. Staff wrote they “conclusively determined that under the Vancouver Charter, bitcoin is not an allowable investment asset for the City.”The conclusion reflects the highly restrictive framework governing how Canadian municipalities can invest public funds. Section 201 of…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Even with the price of XRP displaying bearish action, bullish sentiment remains strong underneath the surface. On-chain data is signaling a strong desire among investors and traders to hold on to the leading altcoin as cryptocurrency exchanges’ reserves see a sharp drop over the past few weeks. Massive XRP Withdrawals Hit Crypto Exchanges Amid the ongoing waning performance of the market and XRP’s price, the altcoin is undergoing a key shift in supply dynamics, which represents a crucial moment. While the price has fallen sharply, investors are…
The Bank of Canada said it completed an experiment testing how tokenized bonds can move through financial markets in conjunction with a group of the country’s largest lenders.The government’s Export Development Canada issued a C$100 million ($73 million) security with a maturity of less than three months, which was sold to a closed group of investors.The test, known as Project Samara, also involved RBC Dominion Securities, RBC Investor Services Trust and the TD Securities division of Toronto-Dominion Bank. The group tested how bonds issued by EDC can be created, traded and settled using distributed ledger technology.The platform, operated by RBC,…
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$68,374.40 financial services firm to operate in the state.“Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now bring that mission to New York, the global center of finance.”Strike’s entry into New York is part of its expansion plans outlined in November 2025, when Mallers said his platform would add bitcoin-backed lending to allow users to borrow fiat currency while continuing to hold their…