Dogecoin’s recent performance has drawn parallels to XRP’s 2021 cycle, with analysts suggesting it may underperform this bull cycle. After a significant correction of over 32% since January, some believe Dogecoin has peaked, mirroring XRP’s struggles during regulatory challenges. Despite this, optimism remains due to growing institutional interest, including ETF applications from Bitwise and Grayscale. Currently, DOGE trades at $0.2109, down 5% this month.
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Bitcoin Price Rebounds as Short-Term Holders Increase Supply Dynamics
Bitcoin has rebounded to $87,992, marking a 6.9% increase in 24 hours, driven by a shift in supply dynamics between short-term and long-term holders. As long-term holders sell, short-term traders accumulate, indicating a potential cooling-off phase and a market transition. While institutional buyers continue to support Bitcoin, a decline in real spot demand raises concerns about sustained upward momentum. Monitoring supply trends and liquidity conditions will be crucial for assessing Bitcoin’s next moves.
read moreBitcoin poised for surge as US dollar weakens and liquidity increases
Bitcoin is poised for a significant price increase by March 25, as the US dollar weakens and global liquidity trends shift favorably towards cryptocurrencies. Analysts predict a rebound in the total M2 money supply, which historically correlates with Bitcoin’s bull markets. Additionally, the likelihood of a US Strategic Bitcoin Reserve has reached 71%, further boosting market optimism.
read moreTrump’s Crypto Reserve to Focus on Bitcoin Amid Market Reactions
Trump’s planned crypto reserve is expected to be predominantly Bitcoin, despite initial announcements including various altcoins like Solana, XRP, and Cardano. Bitwise’s Matt Hougan suggests that the final reserve will be larger than anticipated, with Bitcoin at its core, while concerns arise over the inclusion of smaller assets. The market’s initial reaction was bullish, but volatility remains as the reserve’s structure may evolve following input from industry leaders at an upcoming White House summit.
read moreBitwise Files to Launch Spot Aptos Exchange-Traded Fund in the US
Bitwise has filed to list a spot Aptos ETF in the US, marking its latest move to expand beyond its existing Bitcoin and Ether ETFs. The Aptos token, created by former Facebook employees, ranks 36th by market cap at $3.8 billion. The filing includes Coinbase Custody as the proposed custodian, but lacks details on the stock exchange, fees, or ticker.
read moreBitwise Files S-1 to Launch Aptos ETF as Token Surges 7 Percent
Bitwise has filed an S-1 application with the US Securities and Exchange Commission to launch an Aptos (APT) exchange-traded fund (ETF), causing APT’s price to surge 7% to $6.50. The ETF will use the CF Aptos-Dollar Settlement Price for its net asset value and will be cash-settled, with Coinbase as the custodian. This filing follows a trend of crypto ETF applications, with predictions of increased approvals under a more crypto-friendly administration.
read moreUS Crypto Reserve Proposal May Favor Bitcoin Over Other Assets
Bitwise CIO Matt Hougan predicts that Bitcoin will form the core of the US’s proposed strategic crypto reserve, which he believes will be larger than expected. Despite initial market volatility and skepticism over including altcoins, Hougan argues that the reserve’s establishment signals a long-term positive shift for digital assets and may prompt other nations to acquire Bitcoin. He emphasizes that the US government’s recognition of crypto as a strategic asset could have significant global implications.
read moreTrump’s Crypto Reserve Announcement Sparks Mixed Reactions in Market
Bitwise CIO Matt Hougan views President Trump’s proposed crypto reserve, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, as bullish for the market despite a price dip. He highlights that the initial proposal may evolve, other countries could follow suit in crypto investments, and purchased assets are likely to be held long-term, similar to gold. The inclusion of smaller assets complicates matters, but the U.S. government’s recognition of crypto as “strategic” is a positive sign for the market.
read moreDavid Sacks Sells All Crypto Holdings Before Trump’s Inauguration
David Sacks, known as the White House’s “Crypto Czar,” revealed he sold all his Bitcoin, Ethereum, and Solana holdings before Donald Trump’s inauguration. He also divested a $74,000 position in a Bitwise ETF shortly after. Despite selling off direct crypto holdings, Sacks’ firm, Craft Ventures, retains stakes in a few crypto startups. Trump announced plans for a “crypto strategic reserve” to include major cryptocurrencies, positioning the U.S. as the “crypto capital of the world.”
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