Bitcoin has reclaimed the $92,000 mark, trading at $92,170 after a 5.7% increase in 24 hours. Despite this price recovery, market sentiment remains in “Extreme Fear” with a score of 25, as traders await the upcoming US Crypto Summit on March 7 for potential direction. Mixed opinions persist among market participants regarding Bitcoin’s future, with some viewing the $91,500 level as crucial for further gains.
about Bitcoin Surges Past 92000 Amid Extreme Fear Sentiment in MarketON Semiconductor Corporation
0 in Finance and 0 in Crypto last weekTrump to unveil Bitcoin reserve strategy at White House Crypto Summit
US President Donald Trump is set to announce a Bitcoin reserve strategy at the White House Crypto Summit, according to Commerce Secretary Howard Lutnick. The summit, scheduled for March 7, will feature key figures from the crypto industry and aims to discuss regulatory clarity and economic opportunities in the sector.Lutnick indicated that Bitcoin would receive special status under Trump’s plans, while other cryptocurrencies would be treated positively but differently. Trump’s recent statements on Truth Social highlighted his intention to elevate the crypto industry after perceived attacks from the Biden Administration.
about Trump to unveil Bitcoin reserve strategy at White House Crypto SummitEthereum MVRV Ratio At 16 Month Low Attracts Institutional Investors
Ethereum’s MVRV ratio has reached a 16-month low, attracting the attention of institutional investors. This trend suggests a bullish potential as long-term holders are actively buying, indicating growing confidence in the cryptocurrency’s future.
about Ethereum MVRV Ratio At 16 Month Low Attracts Institutional InvestorsTrump Administration Plans Bitcoin-Only Strategic Reserve at Upcoming Crypto Summit
US Commerce Secretary Howard Lutnick announced plans for a strategic Bitcoin reserve at the upcoming White House Crypto Summit on March 7, emphasizing Bitcoin’s unique status among other cryptocurrencies like Ether, Solana, and Cardano. President Trump has faced criticism for including altcoins in the reserve, but Lutnick reiterated a focus on a Bitcoin-only stockpile while treating other assets differently. The summit marks a significant shift in the US government’s approach to digital assets, with ongoing efforts to establish a regulatory framework for the sector.
about Trump Administration Plans Bitcoin-Only Strategic Reserve at Upcoming Crypto SummitSenate Repeals Crypto Tax Reporting Rule Amid Industry Concerns
The Senate has revoked a rule requiring cryptocurrency platforms to report customer transactions to the IRS, a move that could result in a $3.9 billion loss in government revenue over a decade. This decision, supported by a bipartisan vote of 70-27, reflects ongoing tensions between regulatory oversight and the crypto industry’s push for innovation. Experts warn that without clear guidelines, the sector risks either stifling growth or exposing consumers to significant risks.
about Senate Repeals Crypto Tax Reporting Rule Amid Industry ConcernsTrump’s White House Crypto Summit Attendees and Significance Revealed
President Trump’s White House Crypto Summit is set for March 7, featuring a select group of 20-25 high-profile attendees, including industry leaders like Michael Saylor, Brian Armstrong, and Vlad Tenev. The event aims to foster collaboration between the crypto sector and government officials, with a focus on promoting digital assets in the U.S. Notably absent is Ripple CEO Brad Garlinghouse, and there has been no confirmation from representatives of Solana or Cardano.
about Trump's White House Crypto Summit Attendees and Significance RevealedEric Trump Advocates for Crypto Adoption Amid US Strategic Crypto Reserve Announcement
Eric Trump urged Wall Street to embrace cryptocurrencies, warning that traditional finance risks extinction without adaptation. His comments followed President Trump’s announcement of a Strategic Crypto Reserve, which aims to include Bitcoin, Ethereum, XRP, Solana, and Cardano. While the market reacted positively, some experts expressed concerns about the government holding decentralized assets, fearing it centralizes too much power.
about Eric Trump Advocates for Crypto Adoption Amid US Strategic Crypto Reserve AnnouncementDavid Sacks Sells All Crypto Holdings Before Joining Trump Administration
David Sacks, the White House AI and Crypto Czar, confirmed he sold all his cryptocurrency holdings, including Bitcoin, Ether, and Solana, before joining the Trump administration. While his venture capital firm, Craft Ventures, continues to invest in crypto startups, both he and the firm have divested from direct crypto assets. Sacks will chair the inaugural White House Crypto Summit, aimed at establishing the US as a global leader in cryptocurrency and developing regulatory guidelines for the industry.
about David Sacks Sells All Crypto Holdings Before Joining Trump AdministrationWhite House to Host First Crypto Summit Amid Market Uncertainty
The White House will host its inaugural Crypto Summit on March 7, chaired by AI and Crypto Czar David Sacks, featuring key figures from the crypto industry and the President’s Working Group on Digital Assets. This event aims to establish a clear regulatory framework for the sector amid a challenging market sentiment.While the administration emphasizes its commitment to supporting crypto growth, reactions from the community are mixed, with some expressing skepticism and disappointment over past experiences with industry events and the potential for new memecoins.
about White House to Host First Crypto Summit Amid Market UncertaintyFactors Driving Recent Decline in Cryptocurrency Market Prices
Bitcoin has dropped 7.50% to $78,000, influenced by the Bybit hack that stole nearly $1.5 billion in Ethereum, raising concerns over centralized exchange security. Additionally, President Trump’s trade tariffs are creating market uncertainty, leading to disappointment among crypto advocates regarding his promises. Questions about US governance further exacerbate fears, as experts warn that undermining confidence in the US could have lasting economic repercussions.
about Factors Driving Recent Decline in Cryptocurrency Market PricesWhales Invest in HYPE Amid Bybit Hack and Hyperliquid Growth
The hacker behind the $1.4 billion Bybit exploit has laundered over 50% of the stolen Ethereum, primarily using THORChain, with transaction volumes skyrocketing to $580 million daily. The FBI has linked the attack to North Korean state-sponsored hackers, while Bybit’s security infrastructure remains intact despite the breach.In related news, Hyperliquid has surpassed Solana in weekly fees, generating $12.61 million compared to Solana’s $11.8 million, despite having a significantly lower total value locked. The platform’s focus on decentralized trading features has driven its rapid growth, although it faces criticism for centralization.
about Whales Invest in HYPE Amid Bybit Hack and Hyperliquid GrowthUS Lawmakers Delay Crypto Legislation Amid Shifting Political Promises
U.S. lawmakers are delaying the timeline for crypto legislation, with a bipartisan group aiming for a comprehensive framework by year-end, despite earlier expectations. During a Senate Banking Subcommittee meeting, discussions focused on existing regulations rather than urgent reforms, reflecting a retreat from pro-crypto promises made during the election cycle. Meanwhile, President Trump has appointed David Sacks as the ‘White House AI and Crypto Czar’ to oversee policy initiatives, although urgency for reforms appears diminished among lawmakers.
about US Lawmakers Delay Crypto Legislation Amid Shifting Political Promises