Bitcoin’s price has plunged over 12% from its March peak, sparking concerns of a repeat of 2017’s downturn. Analysts note Bitcoin’s historical boom-and-bust cycle, with institutional backing possibly easing the impact of further declines. After reaching $94,250 on March 3rd, Bitcoin is now over 12% down to its current level of $82,781. Only one week later the price dropped to $76,000, the lowest mark in March so far. Market capitalization has also declined 11.50% in the last week. Now analysts and crypto traders are concerned about Bitcoin’s next move — resembling with 2017 decline. The broader financial markets have also…
Author: cryphedge
The US Securities and Exchange Commission (SEC) is reportedly preparing to conclude its long-running lawsuit against Ripple, the issuer of XRP. Following the rumors, the XRP price climbed roughly 5% from $2.14 to $2.24 within an hour. It was trading at $2.23 as of press time.Citing two “well-placed sources,” journalist Eleanor Terrett reported that the case is in the final stages of resolution, though negotiations over the terms of a settlement remain ongoing.The sources added that the primary point of contention in the settlement discussions appears to be Ripple’s efforts to secure more favorable terms regarding an August ruling by…
A crypto analyst has examined how the tokenization of gold on the XRP Ledger (XRP) could impact the price of XRP. According to him, gold on the XRPL would increase demand for XRP, which would subsequently lead to a significant price surge. XRP has shown resilience as it successfully holds above a crucial support level at $2.0 to stage a 2.2% rebound on the 24-hour price chart, sending the price to $2.1 at press time. According to our market data, the asset is attempting to overturn the downward pressure that has dragged its market cap down to $128 billion at…
According to public records from the Delaware state website, VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF). The filing is dated Mar. 10 and is called VanEck Avalanche ETF.Source: Delaware.govAlso Read: Bitcoin Plan: Scaramucci’s 2% Strategy Wasn’t Enough—Saylor Calls It ContradictoryCryptocurrency-based ETFs To Take Charge In 2025Source: Watcher GuruVanEck’s AVAX ETF filing comes as no surprise as the crypto industry has seen a surge in the applications of crypto-based ETF products. The SEC made history in January 2024 when it approved 11 spot Bitcoin (BTC) ETFs. The SEC later went on to approve Ethereum ETFs as well. Many…
Story HighlightsThe Bitcoin price today is $ 82,550.11355095.The BTC price could hit a maximum price of $170,000 in 2025.Increased adoption could push the BTC price beyond $600k by 2030.Bitcoin is now sailing rough tides, as the crypto market undergoes another wave of uncertainty. The ongoing turmoil was influenced by the Non-Farm Payrolls (NFP) report warning about the FED being hawkish. Plus, the $317.95 million worth of liquidations in the past 24 hours. Coming to regulations and adoptions, Japan’s FSA has been considering regulatory changes, tax cuts, and approval of Bitcoin Spot ETFs. Moreover, with Donald Trump’s 2.0 administration and pro-crypto approach toward…
Cboe has filed to list Franklin Templeton’s Solana ETF. The Franklin Templon Solana ETF aims to track SOL price. Solana (SOL) hit $129.60 post-filing but fell to $123.71 amid a broader crypto slump. Cboe BZX Exchange submitted a 19b-4 filing with the US Securities and Exchange Commission (SEC) on Wednesday, March 12, 2025, to enable the listing of a Solana exchange-traded fund (ETF) proposed by Franklin Templeton. This filing marks a pivotal step in bringing Solana (SOL), the sixth largest cryptocurrency by market value, into the realm of mainstream financial products. Notably, Franklin Templeton, a global investment giant managing over…
The crypto market’s overall sentiment is still bearish. Solana ($SOL) has also faced selling pressure, however, now it has turned green showing potential for a much-needed price rebound. After Trump’s presidential inauguration and announcement of strategic reserve, $SOL has become a hot topic and making waves in the crypto market. Solana had a terrible week along with the overall market. Solana’s price declined by 14.96% and touched $114.56 a couple of days ago and now trading at $126.18, showing a quick recovery and growth potential. Statistical Price Analysis of Solana ($SOL) Last month has been very crucial as crypto declined…
Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017. Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. Announced on March 12, 2025, the deal sees MGX take a minority stake in Binance. The investment is Abu Dhabi-based MGX’s single largest splash on a crypto company. It’s also the first institutional investment Binance has sealed since its founding in 2017. What they said In a…
The U.S. Core CPI coming at 3.1% year-over-year, estimated at 3.2%, is lower than expected. With this lower-than-anticipated inflation, the crypto markets are responding positively, as Solana momentarily surpasses $130. Currently, Solana is trading at $128, as it hints at a potential bullish recovery. Will this reversal in Solana result in a price surge to $170? Let’s find out. Solana Price Analysis In the daily chart, the SOL price trend showcases a declining trend, reaching a swing low of $112. However, with a price surge of 6% on March 11, the bullish trend for Solana is gradually gaining momentum. Solana…
Rumble bought 188 Bitcoin (BTC) for $17.1M, nearing its $20M goal. Rumble’s CEO sees BTC as an inflation hedge and crypto tie-in. Future Rumble BTC purchases depend on market and cash flow conditions. Rumble, a Nasdaq-listed video-sharing platform and cloud services provider trading under the ticker RUM, has purchased $17.1 million worth of Bitcoin (BTC). Rumble acquired approximately 188 BTC at an average price of $91,000 per coin, aligning with its previously disclosed plan to diversify its corporate treasury. The purchase is part of a broader treasury strategy outlined late last year, when Rumble revealed intentions to allocate up to…
