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Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?
As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a record high of $3,000 per ounce on March 14. Bitcoin Gets Outshined By Gold 2025 has started on a shaky note for the world’s largest cryptocurrency. BTC is down over 10% year-to-date (YTD), falling from approximately $94,000 on January 1 to around $84,000 at the time of writing. On the flip side, gold has surged nearly 13% in the same period. Related Reading: Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says Market analyst Northstar shared the following chart on X yesterday, illustrating the BTC-to-gold ratio over the past 12 years. According to the chart, BTC is beginning to break below a critical support line that has held strong for more than a decade. If Bitcoin sustains price action below this support line for several weeks or months, it could signal the end of the current crypto bull run. BTC’s underperformance against gold is also evident in the contrasting capital flows into BTC and gold exchange-traded funds (ETFs). According to data from the World Gold Council, US-based spot gold ETFs have attracted inflows exceeding $6 billion YTD. Globally, spot gold ETFs have seen more than $23 billion in inflows. Meanwhile, data from SoSoValue indicates that US-based spot BTC ETFs have experienced nearly $1.5 billion in net outflows YTD. This sharp contrast in capital movement reflects a shift in investor strategy from risk-on to risk-off assets. Several factors may explain investors’ growing aversion to risk-on assets, including US President Donald Trump’s new trade tariffs, the US Federal Reserve’s (Fed) hawkish monetary policy, and the recent stock market rout. Is The Crypto Bull Run Over? BTC’s underperformance relative to gold casts doubt on the longevity of the current crypto bull market. The total crypto market cap has shed over $600 billion since the start of the year, now standing at approximately $2.8 trillion. Related Reading: Bitcoin To Bottom Around $70,000? Arthur Hayes Says Correction ‘Very Normal’ In A Bull Market Renowned gold advocate Peter Schiff argues that BTC has already been in a bear market for the past three years. In an X post, Schiff stated: One Bitcoin now buys 27.7 ounces of gold. At its peak in 2021, one Bitcoin bought 36.3 ounces of gold. That means that in terms of gold, which is real money, the price of Bitcoin has fallen by 24%. So Bitcoin has been in a stealth bear market for the past three and a half years. That said, positive macroeconomic developments could still turn the tide in BTC’s favor. For example, US inflation appears to be cooling, which may pressure the Fed to pivot toward quantitative easing and boost market liquidity – a potential boon for risk-on assets. Likewise, a breakdown in the US dollar index could reignite optimism for assets like stocks and cryptocurrencies. At press time, BTC trades at $84,902, up 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com

NewsBTC 2025-03-15 15:00
Bitcoin Price Surges 2.91% to $84,142: Key Resistance Levels and Investor Strategies Explained
Bitcoin experienced a significant uptick of 2.91% in the last 24 hours, positioning its current price at $84,142. Despite this surge, a decline in consumer confidence raises concerns about potential

CoinOtag 2025-03-15 14:05
LINK Price Potentially Influenced by 19 Million Token Unlock and Bitcoin Movements
The recent unlock of 19 million Chainlink (LINK) tokens has sparked discussions on possible market movements amidst volatile conditions. Chainlink’s unique positioning in the DeFi ecosystem may influence LINK’s price

CoinOtag 2025-03-15 14:03
Ethereum Struggles Below $2K as Bitcoin Recovers—Will ETH Catch Up?
The cryptocurrency market has witnessed diverging performances between its two largest assets, Bitcoin (BTC) and Ethereum (ETH). While Bitcoin has shown signs of recovery, gaining 3.8% over the past two weeks and reclaiming the $85,000 price level, Ethereum has struggled to keep up. ETH remains below the $2,000 mark, a level it fell below last week, currently trading just above $1,900. The disparity in performance between Bitcoin and Ethereum has drawn attention from analysts, particularly regarding Ethereum’s declining strength against Bitcoin in the derivatives market. Related Reading: Ethereum Price Consolidates and Eyes Recovery—Is a Bounce Incoming? Ethereum’s Decline Against Bitcoin: Key Market Trends CryptoQuant analyst SunflowrQuant recently analyzed the ETH/BTC market trends, noting that Ethereum has weakened against Bitcoin over the past two years, reflecting a drop in investor confidence and reduced speculative interest in ETH derivatives. According to SunflowrQuant, during the 2021-2022 period, Ethereum outperformed Bitcoin, signaling strong market interest and increasing activity in Ethereum-based derivatives at the time. However, since then, the ETH/BTC ratio and open interest have both declined, suggesting that Ethereum has been losing ground against Bitcoin in terms of market dominance. By March 2025, the open interest ratio of ETH futures had fallen to 0.15, while the ETH/BTC price ratio dropped to 0.02. This indicates that the bearish sentiment around Ethereum continues to dominate the market, as traders and investors shift their focus toward Bitcoin. The declining open interest in Ethereum perpetual futures contracts further reinforces the idea that traders are showing less speculative interest in ETH compared to BTC. What This Means for ETH’s Future Despite ETH’s underperformance, SunflowrQuant suggests that its current weakness may also reflect broader market fear and uncertainty. The analyst points out that crypto markets are often driven by emotions, and when sentiment reaches an extreme low, a rapid recovery could follow. Related Reading: This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time? Such low-liquidity conditions may lead to unexpected price movements, creating opportunities for ETH to regain strength in the ETH/BTC ratio. Historically, market downturns have been followed by periods of strong recovery, and Ethereum’s fundamentals remain intact. The analyst wrote: Emotional fluctuations and market fear could lead investors to act more cautiously and strategically. We may be at the foundations of new beginnings for Ethereum; just like in previous cycles, after tough times, a strong rebound may occur, reaching new highs. If investor confidence returns, ETH could potentially reverse its trend, similar to how it performed against Bitcoin in 2021-2022. However, this will likely depend on broader market dynamics, including institutional adoption, ETH’s network upgrades, and Bitcoin’s price stability. SunflowrQuant concluded: Looking at the price fluctuations in Ethereum, now could be the perfect time to be part of this transformative process. We are at the bottom of potential new beginnings and opportunities for ETH. Featured image created with DALL=E, Chart from TradingView

NewsBTC 2025-03-15 13:30
Commodity strategist warns Bitcoin could drop to $10,000
A commodity strategist has warned that Bitcoin’s ( BTC ) recent surge, which started in late 2024, may be losing momentum despite market expectations for a continued rally toward $100,000. Bloomberg Senior Commodity Strategist Mike McGlone warned that Bitcoin could experience a major correction toward $10,000, comparing its current trajectory to past speculative bubbles, he said in an X post on March 14. Peak crypto bubble vs gold ETF. Source: Bloomberg Intelligence McGlone cited several factors that could weigh Bitcoin’s price, including rising gold prices, shifts in risk sentiment, and broader macroeconomic conditions. In particular, gold has climbed 15% in 2025, while Bitcoin dropped by the same percentage. The specialist claimed that this inverse link emphasizes the changing demand for risk assets compared to conventional safe-havens. Notably, on March 14, gold crossed the $3,000 mark for the first time as investors sought cover from the economic uncertainty generated by President Donald Trump’s trade tariffs. Still, the precious metal did somewhat retreat, a move attributable to profit-taking. McGlone also noted the S&P 500’s performance as a potential guide on Bitcoin’s path. Historically, Bitcoin has exhibited strong relationships with equities markets, especially during economic uncertainty. He also compared the surge in cryptocurrencies to earlier speculative bubbles, including the dot-com collapse of the early 2000s . The expert underlined record-breaking Bitcoin ETF listings and growing retail speculation as indicators of too great an optimism. Furthermore, since President Trump promotes cryptocurrencies, McGlone advised that more political focus on digital assets could intensify volatility. In another post, McGlone doubled down on his warning , predicting a potential price crash and suggesting that Bitcoin might “lose a zero.” As risk assets come under pressure, he expects investors to shift toward gold, reinforcing its status as a safe haven. #Gold appears more likely to stay above $3,000 a ounce if risk assets continue to decline. #Bitcoin a top leading indicator. #commodities #macroeconomics @BBGIntelligence https://t.co/df8Re4cjB5 — Mike McGlone (@mikemcglone11) March 14, 2025 Bitcoin price analysis At press time, Bitcoin was trading at $83,840, up 1.3% in the past 24 hours but down 3% for the week. Regarding the next price trajectory, on March 14, pseudonymous analyst Patron noted that Bitcoin has broken out of an ascending triangle, a bullish pattern with a measured move target of $90,405. Bitcoin price analysis chart. Source: TradingView His analysis indicated that key support now lies at $82,000, while resistance ahead could slow momentum. Therefore, a sustained close above $85,000 would strengthen the bullish case, but failure to hold support may trigger a retest of $80,000. Meanwhile, prominent online analyst TradingShot pointed to Bitcoin’s falling wedge pattern, a setup historically leading to significant price rallies. According to his TradingView analysis , Bitcoin remains below the 50-day Moving Average (50D MA) while finding support at the 50-week Moving Average ( 50W MA ), a structure that has preceded major breakouts. Bitcoin price analysis chart. Source: TradingView Bitcoin’s long-term channel up cycle, now over two years old, has formed similar falling wedge patterns six times, each marking a bottom before a breakout. Past rebounds from these formations have ranged between 26.68% and 106.96%, setting a potential price target of $96,800 to over $150,000 . With Bitcoin testing its long-term channel-up support, similar to previous bottoms in September 2024 and September 2023, the probability of a strong rebound is rising. Featured image via Shutterstock The post Commodity strategist warns Bitcoin could drop to $10,000 appeared first on Finbold .

Finbold 2025-03-15 13:05
US authorities release Russian cybercriminal as part of exchange for schoolteacher
The United States authorities have released Russian cybercriminal Alexander Vinnik to Russia as part of an exchange with American schoolteacher Marc Fogel regaining his freedom. According to reports, Vinnik arrived in Moscow on a flight from Turkey after he was released from custody in California. The Russian cybercriminal was accused of owning and operating one of the biggest exchanges globally. According to prosecutors, the exchange was used to facilitate and launder funds for criminals, with the tune of funds going into billions of dollars. Alexander Vinnik was first arrested in Greece in 2017 on several charges including a 21-count indictment for operating an alleged international money laundering scheme. He was also indicted for helping criminals launder funds from the hacked platform Mt. Gox. The chief in charge of the investigation mentioned at the time that he carried out activities beyond the scope of a legal crypto exchange. Aside from money laundering, he carried out identity theft and helped traffic drugs worldwide. US authorities release Russian cybercriminal According to records, Vinnik was first extradited to France after he was apprehended in Greece. He was subsequently handed a five-year sentence for his crimes. He was then sent back to Greece before being extradited to the United States in 2022 to face his crimes. During the proceedings, Vinnik pleaded guilty to crimes related to money laundering and how he operated the BTC-e cryptocurrency exchange from 2011 to 2017. According to court filings, Vinnik was one of the administrators on the website during the period, with investigations showing that the platform processed $9 billion in transactions, servicing several clients, including customers in the United States. The platform was a safe haven for criminals as they sent funds gotten from illicit transactions and activities to the platform to be processed. The platform received funds from numerous ransomware payments, identity thefts, Including funds from some corrupt officials looking to hide embezzled funds. While promoting the platform and carrying out the activities, Vinnik was responsible for losses estimated to be around $121 million. Authorities also alleged that the platform was unregistered in the United states, hence, it was illegal to offer services to users in the country. Aside from that, it also lacked the basic anti-money laundering requirements and also did not have a strict KYC policy. Vinnik was set to have set up numerous shell companies, owning accounts globally which helped BTC-e conduct its business without itch. American schoolteacher set to return home As part of the prisoner swap that freed Alexander Vinnik, American schoolteacher Marc Fogel will be freed by Russian authorities, returning home to his family in the United States. According to a previous report, Vinnik’s legal representatives were trying to include him in a potential prisoner swap that would involve freeing detained Wall Street Journal reporter Evan Gershkovich. Fogel, who had been held in Russia since 2021, was sentenced to 14 years in prison on drug trafficking charges. Fogel was arrested at the Moscow airport after officials discovered that he was carrying less than an ounce of Marijuana in his luggage. In a statement to reporters, President Trump noted that the release was an important step to end the country’s war with Ukraine, adding that the United States did not give up too much for Fogel’s release. He added that the United States was treated well by Russia, and he hopes it is the start of a cordial relationship that will see to the end of the war with Ukraine. “The US and Russia negotiated an exchange that serves as a show of good faith from the Russians and a sign we are moving in the right direction to end the brutal and terrible war in Ukraine,” Trump’s national security adviser, Mike Waltz said. Vinnik’s sentencing was scheduled to take place in June, but the exchange will see him forfeit millions of dollars in assets, according to a New York Times report. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Cryptopolitan 2025-03-15 12:46
Bitcoin Megaphone Pattern: Analyzing Potential Market Movements and Trading Strategies
As the cryptocurrency market continues to evolve, the importance of understanding technical patterns, like the megaphone pattern, cannot be overstated. This chart formation, recognized for its ability to signal increased

CoinOtag 2025-03-15 12:41
Steak ‘n Shake Teases Bitcoin Payments Again
On March 7, fast food chain Steak ‘n Shake posted a question on X asking, “Should Steak ‘n Shake accept bitcoin?” The post received a slew of responses from many well-known Bitcoin personalities including former Twitter CEO Jack Dorsey and Bitcoin Core contributor Luke Dashjr. Steak ‘n Shake recently aligned itself with the pro-crypto Trump

Bitcoin.com 2025-03-15 12:30
Rex Shares launches BMAX ETF for Bitcoin corporate treasury convertible bonds
Rex Shares has announced the launch of the Bitcoin Corporate Treasury Convertible Bond (BMAX) exchange-traded fund (ETF). The new product allows investors to gain exposure to the convertible bonds of companies adopting Bitcoin treasury. According to the asset manager, this ETF is a first-of-its-kind product that will finally give accredited and retail investors access to companies buying BTC as a corporate financial strategy. Interest in Bitcoin as a treasury asset has increased over the years due to Strategy’s (formerly MicroStrategy) large-scale acquisitions. Last year, Strategy adopted convertible debt to finance its Bitcoin acquisition, and several publicly listed firms have also embraced the same approach. This has created a class of corporate Bitcoin-related convertible debts in the market. BMAX exists as a single fund through which investors can access all these convertible bonds through one index instead of gaining direct exposure to each bond. However, the firm said that investing in BMAX ETF is not the same as investing directly in Bitcoin. Rex Shares CEO Greg King described the fund as removing barriers for retail investors. He said: “Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the Strategy pioneered by Michael Saylor—leveraging corporate debt to acquire Bitcoin as a treasury asset.” Meanwhile, information from the firm shows that BMAX mostly focuses on Strategy convertible bonds, with six of the company’s convertible debt offerings accounting for 81.21% of the ETF’s weighting. The fund also has exposure to two MARA Holdings convertible bonds and a Riot Platforms convertible bond. Although BMAX is the only product exclusively focused on Bitcoin-convertible debts, it is far from the only ETF focused on corporate convertible bonds. Data from Bloomberg shows at least seven ETFs focused on convertible bonds. Of these seven, at least five have exposure to Strategy. Interestingly, BMAX is only the latest in a series of crypto-focused ETFs from Rex Shares. The firm showed interest in crypto ETFs in January 2025 when it partnered with Osprey funds to register applications for seven crypto ETFs, including one for TRUMP memecoin. More recently, it filed an ETF application for MOVE token after the network’s beta launch for its mainnet. More crypto-focused ETFs emerging despite market struggles Meanwhile, BMAX highlights the trend of new crypto-focused ETF applications and launches that have continued to pile on since the start of President Donald Trump’s administration. Only a few days ago, Bitwise unveiled its Bitcoin Standard Corporations ETF (OWNB), which provides exposure to the stocks of companies that hold over 1,000 BTC in their treasury. Strategy’s MSTR is the biggest holding of the ETF with 20.87%, followed by MARA Holdings with 12.12%. Other stocks in the index include CleanSpark CLSK, Riot Platforms RIOT, Booya Interactive, and Metaplanet. Beyond the variety of Bitcoin-focused ETFs that issuers have launched in recent weeks, there have also been more applications for altcoin ETFs. The latest is an Avalanche ETF filed by VanEck . According to Bloomberg Senior Analyst Eric Balchunas , the US Securities and Exchange Commission (SEC) has at least 60 spot crypto ETF proposals awaiting review. The strong interest in crypto ETFs sharply contrasts the market, which has seen a sizable decline in recent weeks. Several cryptocurrencies, led by Bitcoin, have tanked significantly over the last 30 days, causing Bitcoin ETF inflows to fall from their peak of $40 billion to $35 billion. Gold ETFs are back on the rise as Bitcoin ETFs tank (Source: Ales Vavra on X). In contrast, the total value of all Bitcoin ETFs combined is now below the gold ETF due to a 12% gain for GLD this year. However, experts believe that Bitcoin ETFs still have the potential to surpass Gold ETFs in value. Balchunas said, “Despite the legit W for gold I still think btc ETFs will grow to triple that of gold ETFs but as I’ve said repeatedly it aint gonna be a a smooth path, but rather two steps fwd, one step back.” For now, crypto assets look to be on the path to a rebound, with Bitcoin rising more than 4% in the last 24 hours to surpass $84,000. Solana is also up 9% and has become one of the best performers, while TRUMP memecoin gained 13%. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Cryptopolitan 2025-03-15 12:23
Bitcoin’s Weekly Close Above $81,000 May Prevent Further Correction Amid Economic Uncertainty
The cryptocurrency market braces for potential volatility as Bitcoin’s close below $81,000 raises concerns among analysts about further price corrections. Market watchers are turning their attention to the upcoming Federal

CoinOtag 2025-03-15 12:12
SOL and SUI Gain Momentum as BTC Price Stabilizes at $84K (Weekend Watch)
Bitcoin surged by over three grand on Friday but failed to overcome the resistance at $85,000 and has slipped by about a grand since then. Several altcoins have produced impressive gains over the past day, and ATOM stands out as the only one with a double-digit increase. BTC at $84K The primary cryptocurrency had a rocky start to the week as it lost the $86,000 level, which held during the previous weekend, and slumped to $80,000 on Monday. After a brief rebound to $84,000, the bears took complete control of the market and pushed it south hard to under $77,000 for the first time in approximately four months. After losing nearly ten grand in less than 48 hours, BTC finally reacted well and jumped above $80,000 hours later. It kept climbing on Wednesday after the favorable US CPI data but was stopped at $84,000 and driven back down to $80,000. More volatility ensued on Thursday and especially on Friday when it jumped from $82,000 to a multi-day peak of over $85,000 within hours. However, the rally faced another rejection, and BTC now trades quietly at around $84,000. According to some analysts, this is a crucial support zone that could determine whether bitcoin has the legs to challenge $90,000 soon. For now, its market cap remains under $1.670 trillion on CG, while its dominance over the alts is close to 59%. BTCUSD. Source: TradingView SOL, SUI on the Rise As mentioned above, the two top gainers from the larger-cap alts are SOL and SUI. Both have jumped by over 6% and now trade above $230 and $2.35, respectively. ETH remains above $1,900 despite some warnings about a potential drop below $1,300, while XRP has tapped $2.4 after a 4% daily surge. BNB has neared $600, while DOGE, ADA, and LTC are up by around 3% each. The total crypto market cap has added about $60 billion since yesterday’s low and is up to $2.840 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post SOL and SUI Gain Momentum as BTC Price Stabilizes at $84K (Weekend Watch) appeared first on CryptoPotato .

Crypto Potato 2025-03-15 12:10
Bitcoin Demand Plummets as Investors Shift to Safer Assets
Bitcoin demand has decreased significantly, indicating cautious investor behavior. Political and economic uncertainties are driving investors toward less risky assets. Continue Reading: Bitcoin Demand Plummets as Investors Shift to Safer Assets The post Bitcoin Demand Plummets as Investors Shift to Safer Assets appeared first on COINTURK NEWS .

CoinTurk News 2025-03-15 12:08

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