Day: March 17, 2025

New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded

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The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves.  The bill directs the government to buy 200,000 BTC annually over five years, to be paid for with existing funds within the Federal Reserve and the Treasury Department.  If signed into law, the act would allow the US to hold more than 1 million BTC as long as the assets are acquired through…

XRP’s role in US Digital Asset Stockpile raises questions on token utility — Does it belong?

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Ripple’s XRP (XRP), the third-largest cryptocurrency by market cap, gained national recognition after President Donald Trump mentioned the “valuable cryptocurrency” alongside BTC, ETH, SOL, and ADA as part of a planned US strategic crypto reserve. Trump’s executive order on March 6 established a new structure for the altcoins — the Digital Asset Stockpile, managed by the Treasury.  While the crypto community remains divided on whether XRP is truly as valuable as President Trump suggests, a closer look at the altcoin’s utility is warranted.  XRP’s potential role in banking Launched in…

Robinhood shares up 8% after launching betting markets hub

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Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement.  Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance. The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it…

Ripple files trademark application for custody service, wallet

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Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space. The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.” Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The…

Hashdex files with SEC to add XRP, ADA, SOL, and other coins to its Crypto Index ETF

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Key Takeaways Nasdaq’s crypto ETF launched with $70 million in assets, primarily tracking Bitcoin and Ethereum. The ETF charges a 0.25% annual management fee, increasing to 0.50% after 2025. Share this article Hashdex, a prominent player in the crypto ETF sector, is seeking approval from the SEC to expand its Nasdaq Crypto Index US ETF to include XRP, Solana (SOL), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI), according to a recent amendment submitted to the securities regulator. The ETF, trading under the ticker NCIQ, officially launched…

Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

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Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies. CoinShares’ weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week. That takes the total five-week outflows to $6.4 billion. Additionally, the streak of outflows has reached 17 days, marking the longest negative streak since CoinShares records began in…

Long-term Ethereum accumulation could unwind if ETH price falls below $1.9K — Analyst

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Ethereum’s native token, Ether (ETH), continues to consolidate under $2,000, which some traders view as a psychological level. Ether price slipped below this range on March 10, and the altcoin continues to trade at its lowest value since October 2023. Ethereum 4-hour chart. Source: Cointelegraph/TradingView Ether price has also lost market value with respect to other major altcoins, with XRP price reaching its highest level against ETH in five years on March 15. The real question among investors is whether ETH is capable of recapturing a portion of its recent…

BTC dominance steadily rising since 2023, is altseason now a relic?

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Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens. The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3. BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners. Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market…

Standard Chartered slashes Ether’s year-end target from $10K to $4K

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Key Takeaways Standard Chartered reduced its Ether year-end target to $4,000 due to a structural decline. Layer 2 blockchains have contributed to reducing Ether’s market cap by $50 billion. Share this article Standard Chartered predicted that Ethereum could hit $10,000 by the end of 2025 in a forecast made in January. Now the bank has revised its year-end target for the digital asset, reducing it by 60%. According to a report released today, the adjustment is based on Standard Chartered’s observation that Ethereum is facing increasing competition from layer 2…

A Saint Patrick’s Day Price History

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From $5 to $83,000 – The Digital Gold Rush Continues Bitcoin has come a long way since trading at just $5.34 on Saint Patrick’s Day in 2012. Now, in 2025, the world’s largest digital currency has reached $83,223 on this holiday, marking a staggering 1,558,000% increase in just 13 years. With institutional adoption surging and supply remaining fixed, Bitcoin’s long-term trajectory appears stronger than ever. A Look at Bitcoin’s Explosive Growth Bitcoin’s price movements in the early years was anything but predictable. In just one year, from 2012 to 2013,…