Tag: Crypto
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Crypto Market Plunges as US Tariff Wars Escalate
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Nearly $980 Million Wiped Off the Market in 24 Hours The cryptocurrency market witnessed a sharp decline on March 4, with nearly $980 million wiped off in just 24 hours. The downturn erased all gains from former US President Donald Trump’s US Crypto Strategic Reserve announcement, leading to a 14.7% plunge in market value. The…
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Crypto Market Plummets as Trump’s Tariffs Trigger Global Sell-Off
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The cryptocurrency market took a severe hit, shedding $300 billion in value after Donald Trump’s new tariffs on China, Mexico, and Canada spooked investors. Bitcoin (BTC) tumbled nearly 10%, while major altcoins like Ethereum (ETH), Solana (SOL), and XRP saw double-digit losses. The sharp downturn erased gains from Monday’s rally, which was fueled by optimism…
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Coinbase Files FOIA Request to Uncover SEC’s Crypto Crackdown Costs
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Crypto exchange seeks details on enforcement spending and investigations Coinbase has filed a Freedom of Information Act (FOIA) request with the United States Securities and Exchange Commission (SEC) to uncover the financial costs associated with the regulator’s enforcement actions against the cryptocurrency industry. Paul Grewal, Coinbase’s chief legal officer, announced the move on 3 March,…
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Trump Teases Major Announcement: Crypto World on Edge
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The cryptocurrency industry is abuzz with speculation after U.S. President Donald Trump hinted at a major announcement set for Tuesday night. This comes just a day after he confirmed the creation of a U.S. Crypto Reserve, which will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Trump’s Growing Crypto Influence Since taking…
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Trump’s U.S. Crypto Reserve Snubs Bitcoin and Ethereum
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Former U.S. President Donald Trump has announced the inclusion of XRP, Solana (SOL), and Cardano (ADA) in a proposed U.S. strategic crypto reserve. The move, revealed on his social media platform Truth Social, aims to establish the United States as a global crypto leader. Bitcoin and Ethereum Left Out In a surprising twist, Bitcoin (BTC)…
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As the Bulls Eye Breakout, Bitcoin Holds $98K—Will It Rise to $108K?
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Bitcoin managed to hold steady above $98,000 on February 21, marking its strongest daily close in nearly three weeks. The flagship cryptocurrency ended the day at $98,330 on Bitstamp, bringing a much-needed wave of relief to traders who had endured weeks of low volatility. Bitcoin Sees Its Best Daily Close in Weeks Despite trading within…
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Forecasts for the Crypto Market Inspire Investor Interest and Wariness
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A cryptocurrency analyst named Inmortal has made notable predictions regarding the market’s future. Through social media, he expressed a strong bullish outlook for Chainlink (LINK) and Ethereum (ETH) . While his assessments have captured investor attention, there is a critical reminder about the inherent volatility of the market. Target Set at $53 for Chainlink Inmortal suggested that…
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Crypto ETF Exodus: Bitcoin and Ether Funds See Billions in Outflows
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The crypto ETF market faced another turbulent week from February 24 to 28, with significant capital outflows from both Bitcoin and Ether funds. Bitcoin ETFs saw a net outflow of $2.61 billion, marking the third straight week of losses, while Ether ETFs lost $335.35 million. Bitcoin ETFs See Record Withdrawals Investor sentiment took a sharp…
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Trump’s White House Crypto Summit Set for March 7
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US President Donald Trump will host the first-ever White House Crypto Summit on March 7, bringing together top industry leaders, policymakers, and investors to discuss key issues in the crypto space. The event, chaired by David Sacks, the White House’s AI and Crypto Czar, aims to address regulatory policies, stablecoin oversight, and Bitcoin reserve legislation.…
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Bitcoin Faces Correction to $72,000 as Investor Sentiment Weakens
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Bitcoin is at risk of a temporary correction towards the $72,000 support level as investor sentiment reaches lows not seen since 2022. Analysts suggest that while a sharp drop below $75,000 is unlikely, market repositioning could push the cryptocurrency further down before a recovery takes shape. Bitcoin Falls to Three-Month Low The price of Bitcoin…