Author: coinadrenaline
Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles Hoskinson,” former CoinDesk Chief Insights Columnist David Z. Morris wrote on X – Hoskinson’s Cardano (ADA) was announced to be included in the Reserve. “Cut cancer research to buy Cardano,“ another user posted. Others take issue with possible investment interests surrounding the Trump administration: Trump’s announcement is “a new level of corruption,” wrote communications strategist Derek Martin, detailing David Sack’s investment in Bitwise. “You get…
The recent slowdown in Bitcoin ETF selling isn’t driven by Trump’s crypto reserve plan but rather shifting market dynamics. Spot Bitcoin exchange-traded funds saw their largest outflows since launching in January 2024. For now, the selling pressure may be easing, though not necessarily due to President Donald Trump‘s statement on a strategic crypto reserve, but seemingly because hedge funds unwound basis trades, analysts at Matrixport suggest. https://twitter.com/Matrixport_EN/status/1896460763293986916/ In an X post on March 3, the analysts suggested that hedge funds likely triggered the sell-off by unwinding basis trades, which aligns with the $8 billion drop in CME open interest since…
Macro guru and Real Vision chief executive Raoul Pal says it is within the realm of possibility for crypto to witness an extended bull run this cycle. In a new video update, the ex-Goldman Sachs executive tells his 211,000 YouTube subscribers that the second phase of the “Banana Zone” – a term coined by him to refer to a period of rapid and explosive growth for the price of digital assets – will expand into 2026. “But [by] the back end of March, we should start to see price accelerate and then [in] April, May [and] June we should see…
March 2 witnessed an 10.6% leap in bitcoin’s value relative to the dollar, propelled by a social media declaration from former U.S. President Donald Trump about a proposed digital asset reserve and a subsequent nod to the cryptocurrency. At publication, BTC traded at $94,443 reaching a high of $95,064. Short Traders Stunned as Trump’s Digital […]
In the ever-volatile world of cryptocurrency, Ethereum has once again proven its mettle, showcasing the resilience that has made it a cornerstone of the blockchain ecosystem. After a period of uncertainty and market turbulence, Ethereum has staged a remarkable recovery, bouncing back from the $2,160 generational demand zone and reigniting bullish sentiment across the market. Technical indicators are beginning to align with this bullish sentiment, further reinforcing the possibility of continued gains. A successful push above more resistance levels could solidify Ethereum’s recovery, attract more buying interest, and potentially set the stage for a larger breakout. However, the battle is…
Bitcoin plunges, panic spreads—former Binance CEO Changpeng Zhao (CZ) says only those who master risk and resilience will thrive in the relentless crypto market. Bitcoin’s Freefall: CZ’s Tough-Love Advice for Investors Who Can’t Handle the Heat Market volatility has once again sparked discussions among crypto investors, with Changpeng Zhao (CZ), the former CEO of crypto […]
Ethereum co-founder Vitalik Buterin has joined calls to free early crypto investor and entrepreneur Roger Ver, who is locked in a legal battle with the United States Department of Justice (DOJ) over alleged tax evasion and faces extradition to the US.Buterin reposted Silk Road founder Ross Ulbricht’s message calling for the prosecution against Ver to end and characterized the case as “absurd” and “politically motivated.” Buterin continued:”The US tax-by-citizenship and associated exit tax regime are extreme. The former is shared by almost no other countries in the world, and the latter is on the high end of what countries do,…
Este artículo también está disponible en español. Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. Related Reading However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift…
Este artículo también está disponible en español. Amid the crypto market downtrend, crypto analyst Master Ananda has provided a bullish outlook for the Cardano price, predicting it can still reach a new all-time high (ATH) of $8.11. The analyst also raised the possibility of ADA reaching $10. Cardano Price To Reach New ATH Of $8.11 In a TradingView post, Master Ananda predicted that the Cardano price could rally to a new ATH of $8.11 as it records “massive growth” this year. The analyst affirmed that ADA is officially in bull market territory following the completion of the first wave of…
Este artículo también está disponible en español. Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading Panic has taken over the market, and traders are growing fearful that Solana’s correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls have been unable to defend key demand zones, allowing bears…