Category: Cryptocurrency News

Bitcoin (BTC) experienced a volatile trading day on March 10, 2025, hitting a low of $76,600 before recovering slightly. Bitcoin Down 30% From Highs—Is This a Setup for the Next Rally? This marks a continuation of its recent downward trend, as the leading cryptocurrency has been undergoing a 30% correction from its all-time high of […]

Economist Mark Carney is set to automatically become Canada’s next prime minister after winning the Liberal Party leadership race, even though he hasn’t participated in a general election. Justin Trudeau’s Successor Is a Former Central Banker and CBDC Proponent Mark Carney, a former central banker, crypto sceptic, and central bank digital currency (CBDC) advocate, clinched […]

Bitcoin (BTC) has dropped 11.3% over the past week, currently trading in the low $80,000 range at the time of writing. The recent decline has pushed the leading cryptocurrency below the 200-day moving average (MA), raising concerns about a potential deeper pullback. Bitcoin Must Defend This Key Price Level According to an X post by seasoned crypto analyst Ali Martinez, BTC is now trading below the 200-day MA, a key price level that has historically functioned as a strong support for the top digital asset.  Related Reading: Bitcoin Sellers Incur Loss As SOPR Drops To 0.95 – A Sign Of Market Bottom? For the uninitiated, the 200-day MA is a famous technical indicator that essentially represents the average closing price of BTC over the last 200 days to identify the long-term price trend. Historically, a sustained movement above the 200-day MA has led to long-term uptrends while a prolonged price movement below the level has often preceded further declines. Martinez stressed that BTC must remain above the TD Sequential indicator’s risk line at $79,280. He added that a sustained move above this level could set the stage for a strong rebound to the upside. The potential for a BTC recovery was echoed by fellow crypto analyst Ted. In a post on X, he pointed out that over the past two years, BTC has frequently undergone 25% to 30% corrections before rebounding to new all-time highs (ATHs). Ted noted: In 2023, BTC went from $30K to $22K. In 2024, BTC went from $74K to $50K. This year, BTC has dumped from $109K to $79K. We all know what happened after the last 2 major corrections. If BTC follows a similar pattern and climbs 30% from its current price, it could reach approximately $104,000 in a short period. However, broader macroeconomic factors – such as US President Donald Trump’s trade tariffs and the Federal Reserve’s (Fed) monetary policy – could significantly impact BTC’s trajectory. BTC Needs To Reclaim $84,000 First In another post on X, Martinez outlined BTC’s potential path to a new ATH, emphasizing that BTC must first reclaim $84,000 as a support level before any major upside movement. Once this milestone is secured, the digital asset could rally toward $128,000. Related Reading: Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner? Several indicators suggest that BTC may have already found a local bottom, increasing the chances of a trend reversal. Crypto analyst Rekt Capital recently noted that BTC’s plunge to $78,258 could mark the cycle low. Additionally, the US Dollar Index (DXY) has just recorded one of its largest weekly breakdowns since 2013, a move that historically signals bullish momentum for risk-on assets like BTC. At press time, BTC trades at $80,137, down 3.5% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com

A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they didn’t have on record yet, such as fake Bitcoin (BTC) mining schemes, where fraudsters offer fake investments in mining. The DFPI also received complaints about fake crypto gaming schemes, where users are encouraged to deposit funds only to have their wallets drained, and fraudsters offering fake jobs that require victims to transfer crypto and provide private information.Source: California Department of Financial Protection and InnovationVictims also reported the theft of private keys through fake airdrops, fake investment group scams in WhatsApp or Telegram, AI Investment scams offering unusually high returns and losing their crypto after interacting with certain sham websites. The AI industry experienced significant growth in 2024, reaching a market cap of $638 billion, according to Precedence Research. There was also a notable rise in crimeware-as-a-service (CaaS), where experienced hackers and cybercriminals sell their tools and services to less experienced offenders for a price.DFPI Commissioner KC Mohseni said the regulator is urging caution when interacting with unknown platforms and to “verify website domains to avoid fraudulent imitations, and stay wary of crypto recovery scam sites.”Through its partnership with the State, the DFPI says it shut down more than 26 fraudulent crypto websites and uncovered $4.6 million in user losses last year. California DOJ shuts down 42 crypto scam websitesCalifornia’s Department of Justice (DOJ) took down 42 crypto scam websites in 2024 that stole $6.5 million from victims, with an average loss per person of $146,306.In a March 10 statement, the California DOJ said that because international fraudsters often carry out scams, they are difficult to prosecute and arrest.Common threads among the scam websites were promises of high returns, no contact information, offers of prizes for signing up, and no listings on legitimate crypto industry websites such as CoinMarketCap, the California DOJ said. Related: Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiKA report from on-chain security firm Cyvers identified pig butchering schemes as one of the most costly in 2024, estimating the scam cost the industry over $5.5 billion across 200,000 identified cases. Meanwhile, blockchain security firm CertiK’s annual Web3 security report flagged crypto phishing attacks, which cost users $1 billion across 296 incidents, as the most significant security threat of 2024.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they didn’t have on record yet, such as fake Bitcoin (BTC) mining schemes, where fraudsters offer fake investments in mining. The DFPI also received complaints about fake crypto gaming schemes, where users are encouraged to deposit funds only to have their wallets drained, and fraudsters offering fake jobs that require victims to transfer crypto and provide private information.Source: California Department of Financial Protection and InnovationVictims also reported the theft of private keys through fake airdrops, fake investment group scams in WhatsApp or Telegram, AI Investment scams offering unusually high returns and losing their crypto after interacting with certain sham websites. The AI industry experienced significant growth in 2024, reaching a market cap of $638 billion, according to Precedence Research. There was also a notable rise in crimeware-as-a-service (CaaS), where experienced hackers and cybercriminals sell their tools and services to less experienced offenders for a price.DFPI Commissioner KC Mohseni said the regulator is urging caution when interacting with unknown platforms and to “verify website domains to avoid fraudulent imitations, and stay wary of crypto recovery scam sites.”Through its partnership with the State, the DFPI says it shut down more than 26 fraudulent crypto websites and uncovered $4.6 million in user losses last year. California DOJ shuts down 42 crypto scam websitesCalifornia’s Department of Justice (DOJ) took down 42 crypto scam websites in 2024 that stole $6.5 million from victims, with an average loss per person of $146,306.In a March 10 statement, the California DOJ said that because international fraudsters often carry out scams, they are difficult to prosecute and arrest.Common threads among the scam websites were promises of high returns, no contact information, offers of prizes for signing up, and no listings on legitimate crypto industry websites such as CoinMarketCap, the California DOJ said. Related: Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiKA report from on-chain security firm Cyvers identified pig butchering schemes as one of the most costly in 2024, estimating the scam cost the industry over $5.5 billion across 200,000 identified cases. Meanwhile, blockchain security firm CertiK’s annual Web3 security report flagged crypto phishing attacks, which cost users $1 billion across 296 incidents, as the most significant security threat of 2024.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they didn’t have on record yet, such as fake Bitcoin (BTC) mining schemes, where fraudsters offer fake investments in mining. The DFPI also received complaints about fake crypto gaming schemes, where users are encouraged to deposit funds only to have their wallets drained, and fraudsters offering fake jobs that require victims to transfer crypto and provide private information.Source: California Department of Financial Protection and InnovationVictims also reported the theft of private keys through fake airdrops, fake investment group scams in WhatsApp or Telegram, AI Investment scams offering unusually high returns and losing their crypto after interacting with certain sham websites. The AI industry experienced significant growth in 2024, reaching a market cap of $638 billion, according to Precedence Research. There was also a notable rise in crimeware-as-a-service (CaaS), where experienced hackers and cybercriminals sell their tools and services to less experienced offenders for a price.DFPI Commissioner KC Mohseni said the regulator is urging caution when interacting with unknown platforms and to “verify website domains to avoid fraudulent imitations, and stay wary of crypto recovery scam sites.”Through its partnership with the State, the DFPI says it shut down more than 26 fraudulent crypto websites and uncovered $4.6 million in user losses last year. California DOJ shuts down 42 crypto scam websitesCalifornia’s Department of Justice (DOJ) took down 42 crypto scam websites in 2024 that stole $6.5 million from victims, with an average loss per person of $146,306.In a March 10 statement, the California DOJ said that because international fraudsters often carry out scams, they are difficult to prosecute and arrest.Common threads among the scam websites were promises of high returns, no contact information, offers of prizes for signing up, and no listings on legitimate crypto industry websites such as CoinMarketCap, the California DOJ said. Related: Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiKA report from on-chain security firm Cyvers identified pig butchering schemes as one of the most costly in 2024, estimating the scam cost the industry over $5.5 billion across 200,000 identified cases. Meanwhile, blockchain security firm CertiK’s annual Web3 security report flagged crypto phishing attacks, which cost users $1 billion across 296 incidents, as the most significant security threat of 2024.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

Anthony Scaramucci, founder and managing partner of Skybridge Capital, reaffirmed his belief in bitcoin as a valuable long-term strategic asset during an interview on CNBC. Skybridge’s Scaramucci: U.S. Must Embrace Bitcoin to Stay Competitive Speaking about the evolving role of digital assets, Anthony Scaramucci was pleased that the U.S. government will allow bitcoin as part […]

An analyst has explained how Dogecoin could observe a significant rally next if its price can hold the bottom level of this pattern. Dogecoin Is Currently Testing The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has discussed about a long-term pattern forming in the weekly price of Dogecoin. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. A Parallel Channel is a consolidation pattern in which the price of the asset remains locked between two parallel trendlines. The upper level of the channel is likely to provide resistance, while the lower one can be a point of support. Related Reading: This Bitcoin Signal Aligns With Price Tops, CryptoQuant Analyst Reveals Breaks out of either of these lines can imply a continuation of trend in that direction. That is, an escape above the channel is bullish, while a drop under it is bearish. Parallel Channels can be categorized into three types, based on the alignment of the trendlines with respect to the coordinate axes. Channels that are slopped upwards (that is, those that have trendlines that follow higher lows and higher highs) are known as Ascending Channels. While an asset is inside this type of channel, its price witnesses consolidation to the net upside Similarly, those of the opposite orientation are called Descending Channels and represent consolidation to the net downside. The third case, where the trendlines are parallel to the time-axis, has no special name. Now, here is the chart shared by the analyst, that shows an Ascending Channel that the weekly price of Dogecoin has been trading inside for the past decade: As is visible above, the 1-week Dogecoin price has witnessed a sharp decline recently and is nearing in on the lower level of the channel situated at $0.16. The last time that the memecoin retested the line was during the last few months of 2024 and it successfully found support back then. “All eyes on Dogecoin $DOGE! If it holds this level at $0.16 and bounces, a move to $2 could be next!” notes the analyst. This $2 target is roughly around where the asset would meet the middle line of the channel, a level that has also shown interactions with its price in the past. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges It only remains to be seen, though, whether the memecoin will indeed find support and the Ascending Channel will continue to hold. There is always the chance of a breakdown with patterns like these, which, as mentioned earlier, can lead to bearish price action. DOGE Price At the time of writing, Dogecoin is floating around $0.176, down more than 20% over the last seven days. Featured image from Dall-E, charts from TradingView.com