Author: Anthony M. Orbison
Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing data from the prediction markets platform Polymarket, X user Ashwin highlighted that Bitcoin’s most bearish target for 2025 is $59,040, and the most bullish is $138,617.Crypto market data daily view. Source: Coin360Although the near-term remains uncertain, Real Vision chief crypto analyst Jamie Coutts remains bullish on…
This is the first article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in depth breakdown. CHECKTEMPLATEVERIFY (CTV), put forward by Jeremy Rubin with BIP 119, is the most mature and fully fleshed out covenant proposal, not only out of the proposals we will be covering, but out of all of the covenant proposals in their entirety. As I mentioned in the introduction article to this series, there are many concerns in the ecosystem regarding covenants that are too flexible enabling things that wind up having very detrimental consequences for…
Bitcoin price is poised to hit $110,000 before retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and more favorable monetary policy conditions in the US that are set to bolster risk assets, including the world’s first cryptocurrency.Still, the decentralized finance (DeFi) industry took another hit after an unknown whale exploited Hyperliquid’s algorithms to generate over $6 million in profit on a memecoin short position.Bitcoin “more likely” to hit $110,000 before $76,500 — Arthur HayesBitcoin may reach a new all-time high of $110,000 before any significant retracement, according to some market analysts who cite easing inflation…
The Federal Deposit Insurance Corporation (FDIC) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a controversial policy imposed under the Biden administration. In a March 28 statement, the FDIC said banks can now participate in crypto-related services like custody and trading if they properly manage the risks. The agency will also work to replace old regulations with updated crypto guidance. The policy change came in a new Financial Institution Letter that rescinds earlier rules from 2022 requiring banks to get FDIC clearance before handling bitcoin and crypto assets.…
The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal.During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role.Although interest rates on 10-year Treasury bonds have come down significantly, rates still remain relatively high. Source: TradingViewNailwal…
Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin. The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets held in state funds” and that “bitcoin, a decentralized digital…
Bitcoin, often dubbed the king of cryptocurrencies, has had a significant Q1 2025. The market’s Q1 phase was marked with Bitcoin’s stellar price peak to $90K, allowing major altcoins to prosper along with it. However, by the end of March, Trump’s trade war policies have affected the pricing of global markets, with Bitcoin now stabilized at $86K. With investor interest diversifying into the crypto domain, will BTC be able to score a new high in Q2, 2025? Let’s find out.Also Read: GTA 6 Investment: $265M to $7.7B—Can GTA 6’s $2 Billion Investment Beat 29x ROI of GTA 5?Bitcoin: A Q1…
Bitcoin price extended its decline on March 28, falling for a fourth consecutive day to paint an intra-day low of $83,387. BTC’s (BTC) decline mirrored the Wall Street sell-off, where the DOW closed 700 points lower, alongside the S&P 500 index, which dropped 112 points. The sell-off in equities is widely attributed to investors increasing worries over inflation after the core Personal Consumption Expenditures index data from February rose to 2.8% (a 0.4% monthly increase), which was higher than expected. S&P 500 drops $1 trillion in market cap value. Source: X / The Kobeissi LetterThe sell-off was further amplified by the markets’…
Fidelity tests stablecoin quietly amid tokenization surge Fidelity Investments is reportedly running a low-profile pilot of its own stablecoin, signaling a bold move toward deeper involvement in the digital asset economy. With more than $5 trillion in assets under management, Fidelity’s entrance into the stablecoin market could mark a significant shift in how institutional players embrace blockchain-based finance. According to sources familiar with the matter, the fund giant is in the advanced stages of testing a digital token intended to act like cash within crypto markets. This stablecoin, still unnamed and undisclosed to the public, is being developed by Fidelity…
If XRP can break above $3, it will invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish. XRP’s flip to bullish is hindered as stablecoin reserves across exchanges increased, signaling profit-taking in the market. Ripple[XRP] developed a traditional bearish pattern, head-and-shoulders signaling of an oncoming bearish trend that had its main support point at $2.05. A proven breakdown under this section could induce fast depreciation to push XRP prices toward the $1.30-$1.20 region, which matched a previous turning point. XRP sustaining above $2.05 would possibly delay the bearish breakdown, as brief upward movements may occur between $2.40-$2.60 before the price…