Day: March 6, 2025

Ethereum Price Aims Higher—Can Bulls Push Past Key Resistance?

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Este artículo también está disponible en español. Ethereum price started a recovery wave from the $2,000 support zone. ETH is now rising and might aim for a move above the $2,350 resistance zone. Ethereum started a fresh upward move above the $2,220 support zone. The price is trading above $2,220 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,275 and $2,350 resistance levels to start a…

Falling US dollar is signaling a strong quarter for crypto: Raoul Pal

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Real Vision CEO Raoul Pal says the weakening United States dollar could lead to a crypto market boost in the second quarter of the year, with Bitcoin jumping nearly 4% over the past 24 hours as the greenback continues to slide. “With the dollar, rates and oil headed lower (all specific aims of Bessent), financial conditions are now easing fast and lead risk assets by a couple of months,” Pal said in a March 5 X post. It comes only a day after US Treasury Secretary Scott Bessent expressed his…

Bitcoin Price Attempts a Comeback—Is a Recovery Rally on the Horizon?

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Este artículo también está disponible en español. Bitcoin price started a recovery wave from the $82,000 zone. BTC is back above $88,500 and might revisit the $95,000 resistance zone. Bitcoin started a fresh upward move from the $82,000 zone. The price is trading above $90,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $90,000 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…

Trump’s crypto reserve likely to be mostly Bitcoin, bigger than expected: Bitwise

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Despite including several large-market cap altcoins, US President Donald Trump’s planned crypto reserve will eventually be made up almost “entirely of Bitcoin,” says Bitwise chief investment officer Matt Hougan. “Market participants have soured on the announcement because the proposed reserve holds more than Bitcoin,” Hougan explained in a March 5 market note. “The inclusion of small-cap assets in the announcement unnecessarily complicated matters.” On March 2, Trump initially said the stash would include Solana (SOL), XRP (XRP) and Cardano (ADA), later adding that Bitcoin (BTC) and Ether (ETH) would be “the…

Analyst Says Watch This Level To Trigger 400% Move Toward $0.0001

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Este artículo también está disponible en español. Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001. This outlook comes after a particularly challenging week for the entire crypto market, during which PEPE extended its losses and dropped to its lowest…

Mt. Gox wallet moves $1B Bitcoin amid market volatility

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Bankrupt crypto exchange Mt. Gox has started shifting Bitcoin again, with 12,000 BTC on the move in a tumultuous week rattled by market volatility. On March 6, Arkham Intelligence alerted its users on X that the Mt. Gox wallet (1PuQB) had moved 12,000 coins (BTC) worth a little over $1 billion. The transaction cost $1.64 in fees.  At the same time, 166.5 BTC worth around $15 million was sent to the Mt. Gox cold wallet (1Jbez), while the remainder of the assets were moved to an unidentified wallet (1Mo1n), which…

Mt. Gox moves over $1 billion in Bitcoin as price hits $90,000

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Key Takeaways Mt. Gox transferred 12,000 Bitcoin valued over $1 billion after months of silence. The exchange also moved 166,505 Bitcoin to its internal wallet. Share this article A wallet associated with Mt. Gox, the defunct crypto exchange, just sent 12,000 Bitcoin, worth over $1 billion, to an unidentified address in the past hour, according to data from Arkham Intelligence. The transfer came amid Bitcoin’s ascent to the $90,000 mark. The Mt. Gox-labeled wallet also moved 166,505 Bitcoin worth approximately $15 million to its cold wallet. These were the first…