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 MarketDonald
0 posts last weekDavid Sacks Sells All Crypto Holdings Before Joining White House Administration
David Sacks, appointed as the White House’s ‘Crypto Czar,’ confirmed he sold all his cryptocurrency holdings, including Bitcoin, Ethereum, and Solana, prior to joining the administration. He clarified that he has no indirect holdings through Bitwise Asset Management, having exited his position in the Bitwise ETF in January.Sacks emphasized the administration’s commitment to making the U.S. the “Crypto Capital of the World,” aligning with Executive Order 14178. He hinted at further developments to be discussed at the upcoming Crypto Summit on March 7.
about David Sacks Sells All Crypto Holdings Before Joining White House AdministrationRipple Launches Nonprofit to Educate on Cryptocurrency with 50 Million Grant
Ripple Labs has announced a $50 million grant to launch the National Cryptocurrency Association (NCA), aimed at educating the public on cryptocurrency’s benefits. Stuart Alderoty, Ripple’s chief legal officer, will serve as president of the nonprofit, which is registered as a 501(c)(4) organization, allowing it to engage in lobbying and political activities without disclosing donors. This initiative comes amid ongoing legal challenges with the SEC, despite recent regulatory shifts favoring other crypto firms.
about Ripple Launches Nonprofit to Educate on Cryptocurrency with 50 Million GrantWall Street opens mixed as investors eye economic data and trade policy
Wall Street’s main indexes opened with little change on Wednesday, reflecting investor concerns over a slowing economy following a jobs report. The Dow Jones Industrial Average dipped slightly by 2.6 points to 42,518.37, while the S&P 500 and Nasdaq Composite saw modest gains, rising 3.2 points to 5,781.36 and 27.8 points to 18,312.965, respectively. Investors are also anticipating a potentially softer trade policy approach from President Trump.
about Wall Street opens mixed as investors eye economic data and trade policyEmerging Crypto Presales Solaxy and BTC Bull Attract Investor Attention
Solaxy ($SOLX) is gaining traction by bridging Solana’s speed and low costs with Ethereum’s robust ecosystem, raising over $24.9 million in presale. Meanwhile, Bitcoin Bull ($BTCBULL) offers real Bitcoin rewards tied to Bitcoin’s price milestones, attracting significant investor interest. Established coins like XRP, Solana, and Cardano are experiencing volatility, prompting some investors to explore these promising presale projects for higher upside potential.
about Emerging Crypto Presales Solaxy and BTC Bull Attract Investor AttentionEthereum Faces Selling Pressure as RSI Hits Three-Year Low
Ethereum (ETH) has dropped 13.8% over the past week, currently trading at the critical $2,000 support level, with its weekly RSI at a three-year low of 35.87. Analysts warn of potential further declines, citing a possible 60% drop if history repeats itself. Despite macroeconomic pressures, some believe ETH may be nearing its bottom, as exchange balances hit a nine-year low, indicating supply scarcity.
about Ethereum Faces Selling Pressure as RSI Hits Three-Year LowStocks Rally on Tariff Hints and Economic Growth Optimism
Stocks experienced a relief rally following comments from US Commerce Secretary Howard Lutnick, suggesting potential tariff rollbacks. Hong Kong shares surged as China’s economic growth target raised expectations for stimulus, while US and European equity-index futures also rose amid President Trump’s defense of his economic policies. Treasuries declined, and the dollar strengthened against all Group-of-10 currencies.
about Stocks Rally on Tariff Hints and Economic Growth OptimismTraders Anticipate Trump Tariff Relief Amid Market Volatility
As President Trump’s tariff plan pressured US stocks, Commerce Secretary Howard Lutnick hinted at potential tariff relief for Mexico and Canada, sparking a late trading rally in tech stocks and index futures. Despite mixed signals from the administration, strategists believe Trump may respond to market sentiment, with some suggesting a threshold for policy reversal based on the S&P 500’s performance. Concerns grow as Trump appears less focused on the stock market in his second term, complicating predictions about his reactions to market downturns.
about Traders Anticipate Trump Tariff Relief Amid Market VolatilityDeveloper Activity Surges on Major Blockchains Despite Crypto Market Decline
Despite a significant downturn in the crypto market, blockchain developer activity has surged, with increases of 11% to 26% across major ecosystems. The Harmony network led with a 26% rise, while Ethereum saw a 13% increase amid a market cap drop to $2.84 trillion and heightened investor fear. Bitcoin and Ethereum experienced notable declines, trading at $83,833 and $2,091, respectively, as several altcoins also faced steep losses.
about Developer Activity Surges on Major Blockchains Despite Crypto Market DeclineSolana Price Drops 15 Percent After Major Profit Taking Surge
Solana (SOL) experienced a 15% crash following a significant profit-taking event, with realized profits spiking to over $257 million. This surge was primarily driven by investors who capitalized on gains from purchases made during the previous week’s dip, as 99% of the profits came from the 1-day to 1-week age band. Following this selloff, SOL’s price has dropped back to $136.
about Solana Price Drops 15 Percent After Major Profit Taking SurgeSolana Experiences 15 Percent Drop After Major Profit-Taking Activity
Solana (SOL) experienced a 15% crash following a significant profit-taking event, with realized profits spiking to over $257 million. This surge was primarily driven by investors who capitalized on gains from purchases made during the previous week’s dip, as 99% of the profits came from the 1-day to 1-week age band. Following this selloff, SOL’s price has reverted to $136.
about Solana Experiences 15 Percent Drop After Major Profit-Taking ActivityBitcoin Price Plummets to 82000 as Fear Returns to Market Sentiment
Bitcoin’s price has plummeted to $82,600, erasing gains from a recent rally sparked by a strategic reserve announcement. This decline has pushed the Fear & Greed Index into extreme fear territory, currently at 15, reflecting a significant shift in trader sentiment as losses mount across the cryptocurrency market.
about Bitcoin Price Plummets to 82000 as Fear Returns to Market Sentiment