The White House has declared America will be the “Bitcoin superpower” as President Trump established a Strategic Bitcoin Reserve, marking a historic shift in U.S. cryptocurrency policy. White House Declares: America Will Dominate Bitcoin—A New Crypto Era Begins The cryptocurrency community is filled with optimism following President Donald Trump’s recent initiatives to bolster the United
Bitcoin.com 2025-03-09 03:30
El Salvador has once again bolstered its Bitcoin reserves, as confirmed by data published by the Salvadoran Ministry of Finance. As of this morning, the nation’s total Bitcoin holdings stand
CoinOtag 2025-03-09 03:03
The Texas Senate has advanced its leadership in the cryptocurrency sector with the passage of Senate Bill 21, which aims to create a state-managed Bitcoin reserve. This significant legislative move,
CoinOtag 2025-03-09 02:40
Robert Kiyosaki says Trump’s bitcoin reserve move will push world leaders to follow. He is buying more BTC. Robert Kiyosaki: Trump’s Bitcoin Reserve Move Will Make the World Follow Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, has weighed in on President Donald Trump’s executive order establishing a strategic bitcoin
Bitcoin.com 2025-03-09 02:30
Tony Severino, a prominent crypto analyst, has shared a new Bitcoin price forecast, suggesting that the pioneer cryptocurrency is on the verge of another major correction. The analyst suggested that the formation of a Lower Time Frame (LTF) Head and Shoulders pattern on the Bitcoin price chart is a potential confirmation of a crash to mid-$80,000. Bitcoin Price Projected To Crash To $83,600 The market’s recent downturn has negatively impacted Bitcoin’s value, prompting less-than-favorable predictions from top analysts. Severino posted on X (formerly Twitter) on March 6 that Bitcoin could soon experience another major pullback to new lows. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order The analyst projected that Bitcoin could crash to $84,800 – $83,600. This bearish price outlook is supported by the recent formation of LTF Head and Shoulder pattern on the Bitcoin chart. A Head and Shoulder pattern is a technical analysis formation that usually indicates a potential reversal from bullish to bearish. It appears as three peaks on a price chart, with the middle peak, which is the head, being higher than the others (the shoulders). Notably, the Head and Shoulder pattern is considered one of the most recognizable patterns for projecting a downtrend in a cryptocurrency. In the case of Bitcoin, Severino’s chart illustrates a symmetrical triangle with an internal A-B-C-D-E wave-like structure. The black diagonal lines in the chart form the symmetrical triangle, which indicates lower highs and higher lows. Inside the triangle, red lines form the waves, suggesting that the Bitcoin price may be chopping sideways but with a bias towards completing the triangle. Due to the Head and Shoulder pattern formation, Bitcoin could see its price break down to the lower boundary of the triangle around the mid $80,000 region. This price crash would complete the D wave and possibly test the next critical support area. Once Bitcoin drops to this level, Severino predicts that it could bounce back to new highs. The chart shows that Bitcoin could rally toward the E wave in the triangle, which is positioned around the $90,000 price level. Furthermore, the analyst’s Bitcoin chart indicates another deeper pullback after this price rebound to $90,000. Toward the right side of the chart, an arrow points downwards, suggesting that after the final E wave rally, Bitcoin could drop down towards $83,600 to $80,200. Analyst Warns Of Bear Trap Before Bull Run Finale While many in the crypto market label this massive decline in the Bitcoin price as the beginning of the bear market, others believe that this price crash could be a mere bear trap. A market expert known as ’Crypto Caesar’ predicted that Bitcoin would be on the verge of its final bear trap before entering the last phase of this bull cycle. Related Reading: Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched? This implies that Bitcoin is likely to face another sharp decline, shaking out weak hands before surging to a new all-time high. The analyst’s chart predicts that it could top out above $110,000, signaling the end of the bull market. Featured image from Pexels, chart from TradingView
NewsBTC 2025-03-09 02:30
The landscape of Bitcoin ownership is shifting dramatically, with traditional whale holdings declining and mid-tier investors increasingly dominating. Current data suggests that Bitcoin addresses with over 1,000 BTC have reached
CoinOtag 2025-03-09 02:02
Market structure is now evolving as whale holdings decline and mid-tier, retail investors accumulate.
AMB Crypto 2025-03-09 02:00
The Texas Senate has passed a bill to establish a state-run bitcoin reserve—cementing the state’s crypto dominance and setting a precedent nationwide. Texas Senate Passes Bill to Establish State Bitcoin Reserve Lieutenant Governor Dan Patrick of Texas announced on March 6 that the Texas Senate had passed Senate Bill 21, establishing the Texas Bitcoin Reserve
Bitcoin.com 2025-03-09 00:30
President Donald Trump signed an executive order on Bitcoin earlier this week, officially creating a Strategic Bitcoin Reserve (SBR) using only the seized Bitcoin the US government already owns. This means no new purchases, no market buys—just stockpiling what’s already been taken from criminals and fraudsters. Crypto traders expected something different. They wanted the government to start buying more Bitcoin, which would push prices up. Instead, they got disappointment, and they’ve been sharing their frustrations all over X (formerly Twitter). Scott Melker, host of The Wolf of All Streets podcast, responded to the outrage with a post on X today, saying , “If you think that the Bitcoin SBR is bad news because it will only contain seized Bitcoin, then you are bad at reading and worse at comprehending what you are reading. Sell me your Bitcoin.” XRP lawyer John Deaton backed him up, saying, “Scott, as usual, is 100% spot on. I’ve seen a lot of negative takes regarding the EO. I realize many crypto investors were hoping for a Strategic MultiCoin Reserve, not just a Strategic Bitcoin Reserve.” Trump orders Treasury and Commerce to find ‘budget-neutral’ ways to acquire Bitcoin During his White House crypto summit, Trump said, “Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet and we’re taking historic action to deliver on that promise.” The executive order also directed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to figure out how to get more Bitcoin without spending taxpayer dollars. That means creative methods—loopholes, incentives, partnerships. Deaton pointed to a major tool at their disposal: the Exchange Stabilization Fund (ESF). The ESF gives the Treasury Secretary broad authority to buy and hold financial assets to stabilize the dollar. Could Bitcoin be included? It’s possible, but Deaton said it would likely be challenged in court. Another potential option is the International Emergency Economic Powers Act (IEEPA). If Trump declared the $36 trillion national debt an economic emergency, he could use the IEEPA to justify Bitcoin purchases through executive action. But that would require printing money to buy Bitcoin, which would create a whole new set of problems. Then there’s the Defense Production Act. If Trump declared Bitcoin mining critical to national security, the government could start mining and acquiring Bitcoin directly. Deaton called this idea “insane,” but legally, it’s not off the table. President Trump at the White House crypto summit on March 7, 2025. Source: White House X/Twitter One of the easiest ways for the government to increase its Bitcoin holdings is through those criminal seizures. When authorities take Bitcoin from fraudsters, they usually auction it off. Trump’s executive order could mean keeping it instead. This would push law enforcement to crack down even harder on crypto-related crimes, and oh there are tons and tons of that still happening right now. Another way is taxing Bitcoin miners in BTC. The US is home to some of the world’s largest Bitcoin mining operations, and they could be required to pay a small portion of their mining rewards to the government. In return, they’d get tax breaks or regulatory benefits. The IRS and Commerce Department could also start accepting Bitcoin for federal payments. People paying taxes, fines, and fees in Bitcoin wouldn’t just be converting it to dollars—the government could keep a portion in the reserve. This would allow the US to accumulate Bitcoin naturally over time. A particularly aggressive approach is requiring federal land and energy lease payments in Bitcoin. Companies mining coal, lithium, or drilling for oil on federal land could be required to pay part of their royalties in BTC. This would make Bitcoin a national asset while giving mining and energy companies a direct stake in its success. Deaton also suggested that: “Partnering with U.S. Tech & Finance Firms by creating incentivized partnership where companies like Coinbase and Ripple help acquire and manage Bitcoin reserves and digital asset stockpiles.” Swapping gold for Bitcoin, Bitcoin-based bonds, tariffs in BTC, and many more budget-neutral ideas for buying more Bitcoins Trump’s executive order didn’t mention gold reserves, but that doesn’t mean they’re off-limits, especially if you consider Crypto-loving Senator Cynthia Lummis proposal in the BITCOIN Act, which actually first introduced the idea of a Bitcoin strategic reserve. The US government holds over 8,100 tons of gold in reserves. If they swapped even a small portion for Bitcoin, they’d create a huge BTC stockpile overnight. (From the left) Howard Lutnick, Scott Bessent, Trump, David Sacks, Bo Hines, Brian Armstrong, and Michael Saylor at the summit. Source: White House Another possibility is tokenized US Treasury bonds. The government could issue Bitcoin-backed securities that investors buy with BTC, which would allow the US to acquire Bitcoin while still financing operations through debt instruments. Deaton said, “Trump could impose a “Bitcoin Tariff” instead of USD Tariff on Certain Imports. This is combining Tariff and BTC policy. For example, on high-tech goods, rare earth metals, or semiconductors, which are critical to national security or on electronics imported from China, given its dominance in global supply chains.” This of course comes as Trump is imposing tariffs on Canada, Mexico, and China almost every other week since taking back the Oval on January 20th. Another option Deaton gave was Bitcoin-pegged export credits. The Commerce Department could create export incentives where US companies receive BTC credits when selling goods abroad. Foreign buyers paying a portion in Bitcoin would allow the government to build reserves without direct market purchases. Deaton said the US could also strike energy deals where countries like Saudi Arabia (oil) or Canada (natural gas) accept US exports at a discount in exchange for BTC payments. This would push international demand for Bitcoin transactions involving the US government. Another idea is that the US could issue Bitcoin-backed bonds tied to energy reserves, kind of like El Salvador’s Bitcoin bonds. These bonds could be linked to future oil, gas, or federal land lease revenues, giving investors exposure to both Bitcoin and US energy production, said Deaton. Trump’s executive order doesn’t stop private companies or individuals from donating Bitcoin to the US reserve. A tax incentive for BTC donations could encourage people to send Bitcoin to the government without direct spending. Federal contractors could also pay in Bitcoin, with a small portion going directly into the reserve. This would allow the US to accumulate Bitcoin while still paying contractors as usual. Even regular taxpayers could be incentivized. If the government offered capital gains tax breaks for people paying taxes in Bitcoin, Ethereum, or XRP, it could encourage crypto holders to pay directly in BTC. A tiny fraction of each payment could be kept in the reserve, steadily increasing holdings over time. “Hence, the EO we received is as aggressive as a President can do, absent invoking emergency powers. I’m surprised BTC isn’t $120K already. As for the MultiCoin debate and people disappointed, BTC has ALWAYS led the market. You can dislike it, but it’s reality,” Deaton said in his X post. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptopolitan 2025-03-08 23:55
This week, the crypto market, led by bitcoin (BTC), received positive news and reacted accordingly. However, the reaction was short-lived, and the entire field has returned to stagnation and negative trajectories. A weekly report from the market analytics platform CryptoQuant revealed that real spot demand for BTC is still in contraction territory, while bitcoin’s apparent demand has continued to decline following the acceleration period seen in November-December 2024. “Trump-n-Dump” Earlier this week, the market witnessed what CryptoQuant tagged a “Trump-n-Dump.” This refers to traders massively selling their digital assets after a rally triggered by an announcement concerning a United States Strategic Crypto Reserve. On March 2, President Trump revealed that he had directed the Presidential Working Group to move forward with the creation of a strategic digital asset reserve. He said the reserve would include BTC, ether (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA), reinforcing his promise to make the United States the crypto capital of the world. After the announcement, the prices of the crypto assets chosen for the reserve spiked. BTC surged by 14%, ETH by 20%, XRP by 40%, SOL by more than 20%, and ADA by at least 60%. By Monday morning, crypto prices had returned to their pre-announcement levels, clearing all the gains recorded during the rally. While prices fell, traders rushed to offload their assets on exchanges. The number of BTC flowing into trading platforms per hour spiked from 500-1,000 to 6,739 on March 3, while ETH inflows rose to roughly 300,000. On the other hand, about 2 billion XRP flowed into crypto trading platforms on Sunday and Monday, with the coin’s hourly inflows hitting 193 million. CryptoQuant found that most of these flows came from whales executing transactions of 1 million+ XRP. Crypto Assets Record Deeper Corrections According to CryptoQuant, the high inflows into crypto trading platforms indicated that traders were selling their assets to take advantage of the sudden price spike. Currently, the prices of BTC, ETH, SOL, XRP, and ADA are all down by at least 3% daily, per data from CoinMarketCap. Interestingly, these cryptocurrencies recorded deeper corrections on March 6 after Trump signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile. The order established reserves that will consist of cryptocurrencies forfeited in criminal or civil proceedings. The U.S. government will neither sell its cryptocurrencies nor acquire any additional assets beyond those obtained through forfeiture proceedings. Nevertheless, CryptoQuant insists that BTC needs higher demand to experience a sustained rally in its price, notwithstanding economic decisions made by the U.S. government. The post Bitcoin Demand in Contraction After Trump’s Crypto Reserve Announcement: CryptoQuant appeared first on CryptoPotato .
Crypto Potato 2025-03-08 23:45
El Salvador’s unwavering commitment to Bitcoin acquisition continues, underscoring President Nayib Bukele’s bold strategy amidst significant global scrutiny. As the country enhances its Bitcoin reserves, Bukele maintains a confrontational position
CoinOtag 2025-03-08 23:27
More on Bitcoin USD, Strategy, etc. Strategy: A Strong Sell As Bitcoin Faces A Harsh Reality - Rating Downgrade Bitcoin's Bullish Setup, Strategic Reserve And Retail Momentum Align (Rating Upgrade) Bitcoin's Pain May Just Be Beginning Crypto prices reverse higher as traders brace for key Trump summit Crypto prices remain under pressure as euphoria driven by strategic reserve plan wanes
Seeking Alpha 2025-03-08 23:15
