President Donald Trump is set to host the inaugural White House Crypto Summit on March 7, featuring over 25 participants, including key crypto executives and White House representatives. Confirmed attendees include Bo Hines and David Sacks, with speculation around Ripple CEO Brad Garlinghouse’s attendance. A larger reception is planned for those not invited to the roundtable, while discussions about a potential U.S. Bitcoin reserve are anticipated, as Commerce Secretary Howard Lutnick hints at special consideration for Bitcoin under the administration’s crypto policy.
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ARK Invest Boosts Bitcoin Holdings with 2300 BTC Acquisition
ARK Invest has made headlines by acquiring 2,300 BTC, valued at approximately $196.26 million, signaling strong institutional confidence in Bitcoin despite market uncertainties. This move led to a positive market reaction, with Bitcoin’s price rising over 1% shortly after the announcement.In addition to Bitcoin, ARK Invest has diversified its portfolio by re-entering Coinbase with a purchase of 41,032 shares valued at $8.7 million, while also expanding investments in AI and aviation sectors, indicating a broader strategic focus.
read moreBitcoin ETFs Experience Record Outflows Exceeding 3.6 Billion Dollars
The U.S. spot Bitcoin ETF market has experienced over $3.6 billion in outflows in the past two weeks, driven by minimal or negative price movements for Bitcoin. Notably, February 25 marked the largest single-day outflow, with withdrawals exceeding $1.138 billion, significantly impacting Bitcoin’s price, which fell below $83,000 for the first time in over three months.
read moreBitcoin Faces Potential False Downside Deviation Amid Market Uncertainty
Bitcoin (BTC) experienced a significant drop to $85,418, erasing over $150 billion from its market cap amid global economic uncertainty. Analyst Rekt Capital suggests this may be a false downside deviation, predicting a potential rebound to $93,500 within weeks, while other traders view the dip as a buying opportunity. Long-term forecasts remain optimistic, with ARK Invest projecting BTC could reach $1.5 million by 2030, supported by increasing adoption and a weakening US dollar.
read moreUS Bitcoin ETFs Experience Record Outflows Amid Price Decline Below 90000
The U.S. spot Bitcoin ETF market experienced its largest single-day outflow of nearly $938 million, coinciding with Bitcoin’s drop below $87,000. Fidelity’s FBTC led the outflows with $344.7 million, followed by BlackRock’s IBIT and Bitwise’s BITB. February has proven to be the worst month for Bitcoin ETFs since their inception, with over $3 billion exiting the funds amid declining institutional demand.
read moreCrypto Market Corrections Seen as Normal by Investors Chris Burniske and Raoul Pal
Investor Chris Burniske argues that the current dip in digital assets is a typical mid-bull market correction, similar to those seen in 2021. He highlights significant drawdowns in Bitcoin, Ethereum, and Solana, suggesting that those predicting a full bear market are mistaken. Raoul Pal, former Goldman Sachs executive, supports this view, emphasizing the need for patience as the market may soon reach new highs.
read moreUS Economic Data Releases May Impact Bitcoin Volatility This Week
Bitcoin faces potential volatility this week as key US economic data is released, including the University of Michigan’s consumer confidence report, initial jobless claims, and the GDP report. A decline in consumer confidence and rising jobless claims could signal economic slowing, impacting risk assets like Bitcoin.The PCE inflation report will also be crucial, as it influences the Federal Reserve’s interest rate decisions. Stronger-than-expected GDP growth may reduce Bitcoin’s appeal, while weaker data could heighten recession fears, making Bitcoin more attractive as a risk asset.
read moreCryptocurrency Market Faces Critical Breakout Decisions Amid Rising Uncertainty
Bitcoin, Ethereum, and Ripple are at a critical juncture, forming symmetrical triangle patterns that signal potential breakouts. Recent market pressures, including a $1.5 billion security breach at Bybit, heighten concerns of a downside move, mirroring a recent sell-off in the Dow Jones. Key support levels for Bitcoin ($90,320), Ethereum ($2,610), and Ripple ($2.60) will be pivotal in determining the next market trend.
read moreBitcoin Price Predictions and Key Support Levels Amid Market Volatility
Bitcoin must reclaim the $106,000 level to confirm further price increases, according to traders. If it falls below the $92,000-$94,000 support range, a drop to around $85,000 could occur. Despite volatility, some analysts remain optimistic about Bitcoin’s long-term potential, with predictions of reaching $1.5 million by 2030.
read moreCathie Wood Invests in Amazon Amid AI Market Concerns
Cathie Wood has recently purchased over 120,000 shares of Amazon, investing more than $28 million across her ETFs, despite a significant drop in the stock due to concerns over a new AI model from Chinese start-up DeepSeek. Wood remains optimistic about Amazon’s heavy investment in AI infrastructure, particularly for AWS, viewing the current dip as a buying opportunity for long-term investors.
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