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Bitcoin price is not showing signs of retracing after clearing the psychological level of $92,000. Traders are likely holding as they wait to see the impact that this summit will have on BTC prices.
Speculation is mounting that President Trump will announce tax relief for US Coins. This tax relief
BTC0.62%
NOT-3.73%
TRUMP-4.31%
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President Donald Trump’s proposal to create a U.S. strategic bitcoin reserve has sparked debate among lawmakers, with some crypto-friendly members of Congress expressing support while others question its feasibility.
Skeptics include Wyoming Republican Senator Cynthia Lummis, a fervent Bitcoin advocate who acknowledged that congressional support for such a venture is lacking.
Speaking at Bitcoin Investor Day in New York, Lummis acknowledged that there is resistance to the idea even within the Republican Party. He said the government is not yet ready for such an initiative, citing House Banking
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BTC0.62%
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Ethena token unlock will release $728 million worth of tokens on March 5, adding 2.07 billion ENA into circulation.
According to data from Tokenomist, this unlock accounts for 66.19% of its total supply. Ethena (ENA) currently has 3.13 billion tokens in circulation and a $1.08 billion market capitalization.
This comes as Ethena’s stablecoin, Ethena USDe (USDe), saw its largest-ever single-day redemption on March 1, with 268 million USDe withdrawn, reducing the total supply by 4.7%. ENA has dropped 18% in the past 24 hours.
On the technical side, ENA is currently trading at $0.3476 and is clear
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GateUser-8930739c:
HODL Tight 💪
The crypto market’s total market cap saw a massive $330 billion surge in just four hours after president Donald Trump announced plans for a US Crypto Reserve that would include Bitcoin, Ethereum, Solana, XRP, and Cardano on Sunday.
The news sent the bears packing, liquidating $160 million in Bitcoin shorts in the process, per data from Coinglass. In his announcement, which was made via Truth Social as usual, president Trump said:
“My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will ma
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Bitcoin’s week-long slide has intensified, falling as much as 7.2% at one point to $78,226 before paring losses.
The world's largest cryptocurrency has fallen 28% from its all-time high of $109,241 reached on Jan. 20, a dramatic pullback amid market turmoil and growing concerns over U.S. trade policies.
The crypto market’s recent decline comes amid heightened risk aversion in financial markets, triggered by renewed tariff threats from US President Donald Trump. Trump announced that 25% tariffs on Canadian and Mexican goods will come into effect on March 4, and an additional 10% tax on goods im
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The liquidation risks for MELANIA, CAR, and LIBRA WIF have risen because of deteriorating market liquidity and intensified price fluctuations.
Previously regarded as superior assets during their peak market dominance these altcoins now encounter difficulties to maintain their position in current conditions.
People conducting high-risk trading operations with these assets need to study the associated risks thoroughly.
Current market uncertainty leads to intense scrutiny of three altcoins MELANIA, CAR, and LIBRA WIF whose loss potential becomes substantial. These assets faced excellent status be
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Eric Trump Encourages Investors to Buy the Dip
In a recent post on X, the son of U.S. President Donald Trump weighed in on the crypto market selloff, urging investors to “Buy the dips!” His message resonated with those who view corrections as a chance to accumulate Bitcoin at lower prices. Eric Trump’s statement sparked reactions across the crypto community, with some seeing it as a show of confidence in Bitcoin’s long-term potential.
Michael Saylor, Executive Chairman of Strategy, also responded to the crypto market decline. He referred to the price drop as a “Bitcoin sale,” hinting that his
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Shiba Inu (SHIB) price is facing a challenging market environment as bearish trends dominate the meme coin. Over the past month, SHIB price has experienced a decline, reflecting concerns within the crypto market. Despite temporary rebounds, the token has struggled to maintain upward momentum, with key technical indicators suggesting persistent selling pressure.
However, some analysts believe that an emerging bullish pattern could signal a major reversal, with projections suggesting a potential 400% surge if key support levels hold.
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Tap to Mine and earn gold beans
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Crypto Market Today (February 24): A wave of caution engulfed traders and investors as the week kicked off, primarily as Bitcoin (BTC) price waned back to the $95K level. Moreover, Ethereum (ETH), Solana (SOL), and XRP prices also tanked 1%-5%, mimicking the flagship coin. The meme coin market also saw prices entering the red zone on Monday.
Below are price reports and the latest market updates about some of the top cryptocurrencies.
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According to CryptoQuant’s data, the long-awaited altcoin season may have officially arrived. The CEO of the crypto market company, Ki Young Ju, has pointed out a significant surge in altcoin volume on Centralised Exchanges (CEXs).
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XRP strengthens, holding above a key moving average despite broader market fluctuations. This steady positioning suggests that bullish momentum is still in play, with buyers actively defending critical price levels. Maintaining these levels is crucial, as it often serves as a foundation for continued upside movement and increased investor confidence.
The ability to trade above this technical indicator indicates underlying demand, preventing deeper corrections and keeping XRP within a favorable range. If bulls sustain control, the altcoin could build enough pressure to challenge higher resistan
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Solana (SOL) Total Value Locked (TVL) recently hit $9.90 billion, the lowest level since November 2024, before recovering slightly to $10.3 billion. Despite this bounce, SOL’s TVL remains down nearly 30% from January 18, reflecting ongoing concerns about its ecosystem.
SOL’s price is also under pressure, down more than 8% in the last seven days and over 31% in the past 30 days. Technical indicators are showing signs of recovery, but bearish trends are still dominant, with SOL trading below key resistance levels.
SOL0.14%
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Bitcoin and altcoin investors are closely watching the developments in the Japanese market as core consumer inflation races by 3.2% in January and could push the central bank to announce rate hikes very soon. This has to the feats of unwinding of Japan’s yen carry trade, similar to August 2024, that triggered a major crypto market crash.
Bitcoin Price Action Moving Ahead
Bitcoin price is up by 1.3% in the last 24 hours and is currently trading at $98,388.43 with its market cap at $1.95 trillion. For a long time, BTC has been flirting in the range of $90,000-$100,000 with no clear directional m
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A cryptocurrency podcast host has pointed to the ongoing accumulation of XRP and HBAR, which he said, could lead to massive rallies for these cryptocurrencies.
In his latest podcast, the analyst highlighted bullish signals for XRP and HBAR tokens and explained why many crypto users expect them to rally massively during the upcoming altcoin season.
Whales Shifting to XRP & HBAR, Analyst Claims
According to the analyst, crypto whales are shifting their focus from retail-oriented crypto projects to institutional assets like Ripple and Hedera.
Following this observed shift in whale focus, the cryp
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Cardano (ADA) appears bullish and could soon soar by 32% to reach $1.04.
Traders have built $20 million worth of long positions at the $0.732 level, indicating that the price is unlikely to fall below this support.
Despite the ongoing market recovery, ADA, the native token of the Cardano blockchain, seems to be struggling to gain momentum. However, the asset has soared by nearly 4.5% in the past 24 hours and is currently trading near $0.78.
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Vivok:
Buy to earn 💎
Currently, Bitcoin‘s ability to sustain above this price is crucial for maintaining the bullish sentiment that pervades the market. Should this level hold, it might restore confidence among investors, potentially setting the stage for a recovery.
However, those who bought in at or above $100K are now facing unrealized losses. The decision of this group to hold or sell will be pivotal. If they choose to offload their holdings, we could see increased selling pressure, which might drive prices down even further.
Conversely, their decision to hold could help stabilize the market, allowing Bitcoin
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