The combined market capitalization of the five biggest stablecoins passed $200 billion for the first time after Treasury Secretary Scott Bessent pledged on Friday to use the digital assets to help maintain the greenback as the world’s reserve currency. The market cap of the coins, whose value is pegged to a real-world equivalent such as … Read more
The Senate of Utah, seen by some observers as being the frontrunner to establish a bitcoin reserve, passed a Bitcoin bill that excluded provision for the state treasurer to invest in the largest cryptocurrency. Instead it provides the state’s residents with basic custody protections and establishes the right to mine bitcoin (BTC), operate nodes and … Read more
Crypto bulls may need to brace for some turbulence as Japan’s 20-year government bond yield surged to its highest level since 2008 in a move that has historically led to aversion from risk assets such as bitcoin (BTC). The Japanese Government Bond (JGB) yield climbed to 2.265% last week, a level not seen since the … Read more
A crypto market sell-off extended into its second week as bitcoin (BTC) prices stooped to nearly $80,000 late Sunday, triggering a fresh decline in major tokens and altcoins. Dogecoin (DOGE) and Cardano’s ADA led losses with a nearly 10% slump over the past 24 hours, data shows, with XRP falling more than 7%. BNB Chain’s … Read more
If you have followed traditional markets, you might have heard the phrase, “Don’t fight the Fed.” It’s been a long guiding principle in conventional markets, suggesting that traders should align their strategies with the Federal Reserve’s policy, as the central bank’s actions significantly influence the direction of asset markets. Recently, a variation of that mantra … Read more
Prices of ether (ETH), the native token of Ethereum’s blockchain, fell almost 20% in the seven days to March 9, registering their biggest weekly percentage slide since November 2022, according to data source TradingView. The sell-off has penetrated a bullish trendline that starts with the low registered after the June 2022 crash of Terra’s algorithmic … Read more
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has gotten approval from the country’s financial regulator to offer bitcoin (BTC) and ether (ETH) trading to its clients, according to a Reuters report. The approval come as the Markets in Crypto-Assets (MiCA) regulation takes full effect across the European Union. This approval for BBVA marks the … Read more
Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards. “Absolutely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn. “There’s going to be no recession in America,” he continued. … Read more
lt’s yet another Sunday selloff in crypto, with bitcoin (BTC) looking set to retest its 2025 low of just about $78,000. At just past 7:00 pm ET, bitcoin had slumped to exactly $80,000, down 7% over the past 24 hours. The world’s largest crypto did manage the most modest of bounces from there, trading at … Read more
Bitcoin (BTC) bears looked to penetrate key support Sunday, extending a three-day losing streak as macroeconomic concerns overshadowed President Donald Trump’s recent-crypto-related announcements. The leading cryptocurrency by market value slipped over 3% to $83,200, testing the 200-day simple moving average (SMA), according to CoinDesk and TradingView data. Prices have dropped over 10% since putting highs … Read more
