Day: March 12, 2025

Bitcoin soars above $84,000 as US inflation cools in February

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Key Takeaways US inflation in February showed a decrease, with annual CPI dropping to 2.8% from the previous 3%. Economists warn that Trump’s tariffs could reverse the cooling inflation trend and lead to further price hikes. Share this article Consumer prices rose 0.2% in February from January, according to fresh CPI data released Wednesday, bringing annual inflation to 2.8%—a decline from 3% in the previous month. Bitcoin spiked above $84,000 in response to the lower-than-expected data. Core CPI, which excludes volatile food and energy prices, increased 0.2% month-over-month, with the…

Web3 gaming investors no longer throwing money at ‘Axie killers’

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The Web3 gaming industry is facing tighter investment conditions as capital flows become more selective, with investors prioritizing sustainable projects over hype-driven fundraising. In February, Gunzilla Games Web3 director Theodore Agranat described blockchain gaming as a “game of musical chairs” in which the same capital cycles through different projects and “no new money” comes in. The executive also said users go from project to project to extract value. After that, they leave and search for the next project. In the same month, the much-anticipated Web3 game Illuvium announced a 40%…

EU retaliatory tariffs threaten Bitcoin correction to $75K — Analysts

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The European Union’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin prices, which may drop below the critical $75,000 support level. The EU will impose counter-tariffs on 26 billion euros ($28 billion) worth of US goods starting in April, the European Commission announced on March 12, responding to US President Donald Trump’s recent move to impose 25% tariffs on steel and aluminum imports. This move is the latest retaliatory tariff announcement in response to US import tariffs, which may trigger renewed trade…

Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows cool

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Bitcoin whales are back buying BTC while “panic” is keeping smaller investors away, according to new research. Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling. Bitcoin whales reset market approach Bitcoin (BTC) at $80,000 is proving attractive for large-volume investors, or at least a poor value selling proposition for those wishing to exit the market. In a “Quicktake” blog post on March 12, CryptoQuant contributor Darkfost revealed that the proportion of the top 10 largest inflows to Binance attributed to whales has declined. “Monitoring whale…

America must back pro-stablecoin laws, reject CBDCs — US Rep. Emmer

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US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values. On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at the March 11 hearing. The legislation aims to block future administrations from launching a US CBDC without explicit approval from Congress. Emmer speaks during the House Financial Services Committee Hearing on CBDCs. Source: emmer.house.gov…

Cardano Struggles to Climb—ADA Faces Strong Hurdles Ahead

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Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.750 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.750 resistance zone. Cardano Price Climbs Higher In the past few…

XRP Price Eyes Upside Break—Can Bulls Push Through Resistance?

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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…

Ethereum Price Recovery Capped—Bulls Struggle Near Resistance

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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 $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the…

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K

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Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000. Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.” Short-term holders fled as Bitcoin dropped from peak The surge in buyers paying higher prices for Bitcoin (BTC) in recent months is reflected in the short-term holder realized price…

Sony’s Soneium teams up with LINE to integrate mini-apps into blockchain

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Key Takeaways Soneium, supported by Sony, is partnering with LINE to integrate blockchain-enabled mini-apps onto LINE’s platform. The collaboration aims to boost engagement by bringing popular mini-apps to LINE’s 200 million active users. Share this article Soneium, Sony’s public blockchain, is partnering with LINE, a popular messaging and digital services platform, to integrate four mini-apps into the blockchain network, according to a Wednesday announcement. The mini-apps that will be brought onchain are Sleepagotchi LITE, Farm Frens, Moonveil’s Puffy Match, and Pocket Mob. Sleepagotchi LITE, a simplified version of the upcoming…