Day: March 7, 2025

US Bitcoin reserve marks ‘real step’ toward global financial integration

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President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system. Trump’s executive order outlined a plan to initially use cryptocurrency forfeited in government criminal cases, Cointelegraph reported on March 7. As one of the crypto industry’s most widely-anticipated moves, the Strategic Bitcoin (BTC) Reserve marks the first “real step” for Bitcoin’s integration into the global financial system, according to Joe Burnett, head of market research at Unchained. Source: Margo Martin…

Bitcoin forgets Strategic Reserve ‘sell the news event’ with 4% bounce

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Bitcoin (BTC) rebounded 4% on Mar, 7 as markets shook off disappointment over the US Strategic Bitcoin Reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from local lows of $84,713 on Bitstamp. These came as US President Donald Trump signed a long-awaited executive order establishing the Reserve, which will ultimately consist of no “new” BTC; only confiscated coins will form the stockpile. “Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a…

Bitcoin has ‘more than 50% chance’ of new high by June: Cory Klippsten

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The chances of Bitcoin surpassing its all-time high of $109,000 by June are favorable, but the market first needs time to absorb volatile macroeconomic conditions, says Swan Bitcoin CEO Cory Klippsten. “I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph.  However, he said that market participants first need to adapt to US President Donald Trump’s tariff threats and the uncertainty around inflation rates. Markets need time to digest “The market needs to first digest tariffs, trade war…

Memecoins are likely dead for now, but they’ll be back: CoinGecko

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Enthusiasm for memecoins appears to have cooled after a series of bad launches and rug pulls killing off investor interest, according to CoinGecko founder Bobby Ong.  Metrics for token launchpad Pump.fun immediately plummeted following the Libra (LIBRA) rug, Ong said in a March 6 report, with newly created tokens and daily graduated tokens on the platform falling over 90% since their February peak. “The launch of TRUMP and MELANIA marked the top for memecoins as it sucked liquidity and attention out of all the other cryptocurrencies.” The memecoin market has…

How much Bitcoin does the US hold, and where did it come from?

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The US government currently holds around 198,109 Bitcoin worth $17.7 billion, according to data from blockchain analytics firm Arkham Intelligence, a stash that it built mainly through seizures and forfeitures in criminal cases. A portion of that Bitcoin (BTC) will eventually form part of the country’s “Strategic Bitcoin Reserve” that President Donald Trump signed into existence with his March 6 executive order, which says the reserve will hold any Bitcoin “forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty.” The order…

NFT trading volume has tumbled 63% since December

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The trading volumes of non-fungible tokens (NFTs) last month were down by more than 60% from December despite building momentum in the final months of 2024, with the fall coinciding with a crypto market downturn.  In December, the total trading volumes for NFTs hit $1.36 billion but fell 26% in month-on-month January, then another 50% in February, DappRadar analyst Sara Gherghelas said in a March 6 industry report. “While NFTs had been showing signs of a comeback in recent months, their momentum has slowed since the start of the year,”…

4 reasons why Trump’s Bitcoin reserve is actually bullish: Crypto execs

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A strategic Bitcoin reserve in the United States reduces the possibility that the government will ever “ban” the cryptocurrency and could encourage many more nations to adopt Bitcoin, according to crypto observers. On March 7, US President Donald Trump signed an order establishing a Strategic Bitcoin Reserve and a digital asset stockpile.  White House crypto czar David Sacks said that the reserve would be capitalized with “Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” estimated at around 200,000 BTC. This…

XRP Price Slips, But Buyers Hold Ground—Is a Rebound Coming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery

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Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the…

Ethereum Price Retreats—Will It Find Support or Drop Further?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price failed to clear the $2,320 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $2,220 resistance. Ethereum started a fresh upward move above…