Category: Cryptocurrency News

Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be much better than the recent performance of Bitcoin.However, not everyone is bullish on Bitcoin in the near term. BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said in a post on X that Bitcoin could retest $78,000 and even below $75,000. He added that Bitcoin’s price action could become violent if it drops in the $70,000 to $75,000 zone as a lot of Bitcoin open interest is stuck in that range.Daily cryptocurrency market performance. Source: Coin360Meanwhile, short-term investor sentiment remains bearish. According to CoinShares data, cryptocurrency exchange-traded products (ETPs) witnessed $876 million in outflows last week, taking the four-week total outflows to $4.75 billion. Bitcoin ETPs recorded the lion’s share of outflows at $756 million.Can Bitcoin start a recovery from the current levels, pulling altcoins higher? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index (SPX) turned down from the 20-day exponential moving average (5,900) on March 3 and broke below the 5,773 support on March 6, completing a double-top pattern.SPX daily chart. Source: Cointelegraph/TradingViewThe index bounced off the 5,670 level on March 7, but the bears successfully defended the breakdown level of 5,773. The index turned down and broke below the 5,670 support on March 10, opening the doors for a fall to 5,400.Buyers will have to push and sustain the price above 5,773 to suggest solid demand at lower levels. The index could then rise to the 20-day EMA, which is again expected to act as a strong resistance. US Dollar Index price analysisThe US Dollar Index (DXY) turned down sharply on March 3 and continued lower, breaking below the 105.42 support on March 5.DXY daily chart. Source: Cointelegraph/TradingViewThe fall below 105.42 suggests that the breakout above 108 may have been a bull trap. Buyers are trying to defend the 103.73 level, but the relief rally is expected to face selling at the 20-day EMA (106.03). If the price turns down from the current level or the 20-day EMA, it will suggest a negative sentiment. That increases the risk of a break below 103.37. If that happens, the index may plunge to 101.Buyers have an uphill task ahead of them. They will have to push and maintain the price above the 20-day EMA to clear the path for a rally to 108.Bitcoin price analysisBTC price broke below the support line of the symmetrical triangle pattern on March 9, indicating that the sellers have overpowered the buyers.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls are trying to defend the $81,500 to $78,258 support zone, but the recovery attempt faced selling at the breakdown level on March 10. That suggests the bears are trying to flip the support line into resistance. If the price skids below $78,258, the BTC/USDT pair could collapse to $73,777.Buyers are likely to have other plans. They will try to defend the support zone and push the price above the 20-day EMA ($88,605). If they manage to do that, the pair could rally to the resistance line.Ether price analysisEther (ETH) fell and closed below the vital $2,111 support on March 9, signaling the start of the next leg of the downtrend.ETH/USDT daily chart. Source: Cointelegraph/TradingViewBuyers tried to push the price above $2,111 on March 10, but the long wick on the candlestick suggests solid selling by the bears. There is minor support at $1,993, but if the level cracks, the ETH/USDT pair could sink to $1,750 and eventually to $1,550.Related: Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022The bulls will have to push and maintain the price above the 20-day EMA ($2,329) to signal that the break below $2,111 may have been a bear trap. The pair could then rally to the 50-day SMA ($2,711).XRP price analysisXRP (XRP) continues to slide toward the crucial support at $2, suggesting that the bears are trying to seize control.XRP/USDT daily chart. Source: Cointelegraph/TradingViewA break and close below $2 will complete a bearish head-and-shoulders pattern. There is minor support at $1.77, but the level is likely to be broken. If that happens, the XRP/USDT pair could plunge toward $1.28.Related: Is XRP price going to crash again?Contrary to this assumption, a solid bounce off $2 will signal that the bulls are vigorously defending this level. The 20-day EMA ($2.40) is likely to act as a stiff hurdle, but if the bulls prevail, the pair could reach $2.80.BNB price analysisBNB’s (BNB) failure to rise above the 20-day EMA ($601) attracted another round of selling on March 9, pulling the price below $546.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe down-sloping moving averages and the relative strength index (RSI) in the negative zone suggest that the path of least resistance is to the downside. If the price maintains below $546, the BNB/USDT pair could plummet to $500. Buyers are expected to aggressively defend the zone between $500 and $460.The 20-day EMA is the first significant resistance to watch out for on the upside. If this level gets taken out, the pair could rise to the 50-day SMA ($633). A close above the 50-day SMA signals a short-term trend change.Solana price analysisSolana (SOL) broke below the uptrend line on March 9 and reached the strong support zone between $120 and $110.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls are expected to fiercely defend the support zone, but the relief rally could face selling at the 20-day EMA ($150). If the price turns down sharply from the 20-day EMA, the $110 level will be at risk of breaking down. If that happens, the SOL/USDT pair could decline to $100 and later to $80.Instead, if the price rises from the current level and breaks above the 20-day EMA, it will suggest solid buying near the support zone. The pair could then climb to the 50-day SMA ($188).Dogecoin price analysisDogecoin (DOGE) fell below the $0.18 support on March 9, indicating the resumption of the downtrend.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe down-sloping moving averages and the RSI in the oversold territory suggest that bears have the upper hand. The 20-day EMA ($0.21) is the critical overhead resistance to watch out for. If the price turns down sharply from the 20-day EMA, the DOGE/USDT pair could sink to $0.14.Alternatively, a break and close above the 20-day EMA will be the first sign that the selling pressure is reducing. The pair could climb to the 50-day SMA ($0.26), which may also act as a stiff resistance.Cardano price analysisCardano (ADA) fell below the moving averages on March 8, indicating aggressive selling by the bears.ADA/USDT daily chart. Source: Cointelegraph/TradingViewBoth moving averages have started to turn down, and the RSI has slipped into negative territory, indicating that the bears have a slight edge. The support on the downside is at $0.58 and then $0.50.Any relief rally is likely to face selling at the moving averages. Buyers will have to push and maintain the price above the moving averages to signal a comeback. The ADA/USDT pair could then rise toward $1.02.Pi price analysisPi (PI) fell to the 61.8% Fibonacci retracement level of $1.20 on March 9, indicating that the bears have kept up the pressure.PI/USDT daily chart. Source: Cointelegraph/TradingViewBuyers are trying to start a recovery, but the long wick on the March 10 candlestick shows selling at higher levels. That increases the risk of a break below $1.20. If that happens, the PI/USDT pair could plunge to the 78.6% retracement level of $0.72.Time is running out for the bulls. To prevent more downside, they will have to quickly push the price above the $2 overhead resistance. If they do that, it will suggest that the correction may be over.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin miner CleanSpark will join an important benchmark for US small-cap stocks, underscoring the company’s recent string of profitability despite industry volatility following the April 2024 halving. Beginning March 24, CleanSpark’s stock will be included in the S&P SmallCap 600 Index. As the name implies, the index measures the performance of small US companies that meet specific liquidity and stability criteria. As of March 2025, the index’s constituents must have a market capitalization of between $1.1 billion and $7.4 billion, maintain a public float of at least 10% of shares outstanding, and have positive trailing earnings for four consecutive quarters. CleanSpark CEO Zach Bradford said the company’s inclusion in the small-cap index demonstrates “the value of being a pure play, vertically integrated Bitcoin mining company,” which makes “exposure to our model more broadly available.”Source: CleanSparkCleanSpark’s profits surged to $241.7 million, or $0.85 per share, in the final quarter of 2024, up from just $25.9 million a year earlier. Company-wide revenues jumped 120% on a year-over-year basis to $162.3 million.In February, the company further bolstered its Bitcoin (BTC) stockpile by 6% and now holds 11,177 BTC on its books. Only four other publicly traded companies own more Bitcoin.Related: Monthly Bitcoin production drops as miners fight rising hashrateBTC miners under pressureBitcoin miners have seen their revenues decline since the April 2024 halving event, forcing several industry players to diversify their business models. Several are pivoting toward artificial intelligence data centers, which can generate higher revenue than traditional mining. In September, Hive Digital executives Frank Holmes and Aydin Kilic told Cointelegraph that repurposing Nvidia GPUs for AI tasks could generate up to $2.50 per hour in revenues, up from just 0.$12 per hour for crypto mining.For this reason, “institutions are much more interested in us with our AI than Bitcoin,” Holmes said.Bitcoin miners are increasingly turning toward AI applications to boost revenues. Source: VanEckOther mining companies are turning to mergers and acquisitions to reduce mining costs and increase hashrate, according to an August report by JPMorgan. The Wall Street bank singled out companies like Riot Platforms and CleanSaprk for increasing their M&A activity in the post-halving environment. Meanwhile, “Capital-constrained miners like IREN and [Cipher] focused on securing greenfield opportunities, which require less immediate capital,” JPMorgan said.Magazine: How Chinese traders and miners get around China’s crypto ban

Key Takeaways: Utah passes HB230, securing Bitcoin mining rights but removing state treasurer’s authority to invest in crypto. Lawmakers exercise caution, avoiding premature adoption of potentially risky crypto investment policies. Meanwhile, states like Arizona and Texas push forward with their own Bitcoin reserve initiatives. With the recent passage of HB230, the “Blockchain and Digital Innovation…
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RLinda, a TradingView crypto analyst who predicted Bitcoin’s previous crash from $91,000, has shared another bearish forecast for the pioneer cryptocurrency. According to the analyst, more pain may be on the horizon for Bitcoin, as it is expected to plummet as low as $73,000.  Bitcoin is currently struggling to maintain its former momentum as bearish factors dominate the market. According to RLinda, the cryptocurrency has entered a sell zone after failing to hold above the buying zone above $91,000, thus initiating a false resistance breakdown. Given its current bearish position, the analyst predicts a major crash to new lows for Bitcoin, anticipating an 11% decline to $73,000 soon. Bitcoin Price Set To Crash To $73,000 RLinda revealed that the market’s volatility was partially attributed to Donald Trump’s comments on the Federal Reserve. The market reacted to the US President’s statements with a global shake-up, causing liquidations across the crypto space.  Related Reading: Bitcoin 9-Month Cycle Says It’s Not Over, Analyst Shows Where We Are In The Bull Run Additionally, the crypto summit, which was expected to spark bullish sentiment, did little to boost prices. Instead, it prevented the market from turning green. This market downturn has led to profit-taking by investors due to the lack of market and manipulation by big players.  Based on the analyst’s price chart, Bitcoin is trading within the $90,000 – $82,000 range. The cryptocurrency dropped to this price after experiencing a slight price pump in late February. Following this increase, Bitcoin lost all of its gains and has since been aiming for a recovery.  RLinda warns that if Bitcoin breaks below the $82,000 support level, it could experience a significant price breakdown towards $78,000 – $73,000. The TradingView analyst has highlighted $73,000 as the primary crash target, citing that Bitcoin is currently in a deep correction phase.  With global growth temporarily suspended, RLinda revealed that the market is in dire need of liquidity. The analyst indicated that if the market’s growth relies too much on bullish leverage and new buyers without proper correction, it may become unstable. A correction phase, like the one Bitcoin is currently experiencing, may allow liquidity to reset and prepare the market for future upward movements.  BTC Key Resistance And Support Zones  RLinda has pinpointed key resistance and support levels for the Bitcoin price, sharing insights into potential reversal points. The TradingView analyst asserts that the price zone with the most interest and liquidity is $73,000 – $66,000.  Related Reading: Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish While a breakdown to $66,000 may seem like a steep decline, it could serve as a critical area for market stabilization. Moreover, further bearish movements would be confirmed if Bitcoin drops below $82,000. Currently, the resistance levels to watch are $89,400, $91,000, and $93,000. Conversely, the support areas to take note of are $82,000, $78,000, and $73,000. Featured image from Unsplash, chart from Tradingview.com

RLinda, a TradingView crypto analyst who predicted Bitcoin’s previous crash from $91,000, has shared another bearish forecast for the pioneer cryptocurrency. According to the analyst, more pain may be on the horizon for Bitcoin, as it is expected to plummet as low as $73,000.  Bitcoin is currently struggling to maintain its former momentum as bearish factors dominate the market. According to RLinda, the cryptocurrency has entered a sell zone after failing to hold above the buying zone above $91,000, thus initiating a false resistance breakdown. Given its current bearish position, the analyst predicts a major crash to new lows for Bitcoin, anticipating an 11% decline to $73,000 soon. Bitcoin Price Set To Crash To $73,000 RLinda revealed that the market’s volatility was partially attributed to Donald Trump’s comments on the Federal Reserve. The market reacted to the US President’s statements with a global shake-up, causing liquidations across the crypto space.  Related Reading: Bitcoin 9-Month Cycle Says It’s Not Over, Analyst Shows Where We Are In The Bull Run Additionally, the crypto summit, which was expected to spark bullish sentiment, did little to boost prices. Instead, it prevented the market from turning green. This market downturn has led to profit-taking by investors due to the lack of market and manipulation by big players.  Based on the analyst’s price chart, Bitcoin is trading within the $90,000 – $82,000 range. The cryptocurrency dropped to this price after experiencing a slight price pump in late February. Following this increase, Bitcoin lost all of its gains and has since been aiming for a recovery.  RLinda warns that if Bitcoin breaks below the $82,000 support level, it could experience a significant price breakdown towards $78,000 – $73,000. The TradingView analyst has highlighted $73,000 as the primary crash target, citing that Bitcoin is currently in a deep correction phase.  With global growth temporarily suspended, RLinda revealed that the market is in dire need of liquidity. The analyst indicated that if the market’s growth relies too much on bullish leverage and new buyers without proper correction, it may become unstable. A correction phase, like the one Bitcoin is currently experiencing, may allow liquidity to reset and prepare the market for future upward movements.  BTC Key Resistance And Support Zones  RLinda has pinpointed key resistance and support levels for the Bitcoin price, sharing insights into potential reversal points. The TradingView analyst asserts that the price zone with the most interest and liquidity is $73,000 – $66,000.  Related Reading: Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish While a breakdown to $66,000 may seem like a steep decline, it could serve as a critical area for market stabilization. Moreover, further bearish movements would be confirmed if Bitcoin drops below $82,000. Currently, the resistance levels to watch are $89,400, $91,000, and $93,000. Conversely, the support areas to take note of are $82,000, $78,000, and $73,000. Featured image from Unsplash, chart from Tradingview.com

Key Takeaways: According to the data from River Financial, Bitcoin adoption as of 2025 is only 4% of the world population. While it was previously individual investors who fueled the rise of Bitcoin, today it is institutional investors whose capital flows into Bitcoin through ETF investments. Lack of education and the fear of volatility continue…
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The price of bitcoin continues to tank, declining to a low of $79,170 per unit on Monday, March 10, 2025. The leading crypto asset is mirroring U.S. equities as recession anxieties ignite a widespread sell-off. Economic Jitters Drive Bitcoin Lower Bitcoin (BTC) has lost an additional 5.2% against the U.S. dollar on Monday following a […]

Bitcoin (BTC) sought a rematch with multimonth lows on March 10 as familiar selling accompanied the start of Wall Street trading.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price sags closer to new four-month lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD down around 4% on the day to reach $79,170 on Bitstamp.Weakness into the weekly close continued as risk assets across the board suffered a flight to safety.Stocks fell substantially at the open, with the S&P 500 and Nasdaq Composite Index down 2% and 3.5%, respectively.Reacting, trading resource The Kobeissi Letter said that US government spending cutbacks at the hands of the Department of Government Efficiency (DOGE) played a role in the slump.“While everyone is focused on the trade war, do not discount the impact of reduced government spending expectations,” it wrote in part of its latest analysis on X. “Government spending and job growth have been ‘fueling’ the economy. DOGE’s cuts will be felt.”S&P 500 1-day chart. Source: Cointelegraph/TradingViewKobeissi noted that crypto markets had erased $1 trillion in market cap in just two months.“The rally after the U.S. Strategic Reserve was announced has been completely erased,” it added on BTC/USD.Market participants’ views were mixed as it became unclear where BTC price action might put in a more reliable floor.Popular trader and analyst Rekt Capital advised X followers to look for rising relative strength index (RSI) values against lower prices for reversal cues.“Going forward, it’ll be worth watching for Bitcoin to form Lower Lows on the price action and Higher Lows on the RSI for a Bullish Divergence to develop,” he wrote about daily timeframes.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XA further post noted that the current bull cycle had produced bounces whenever the daily RSI was below 28. Specifically, “Bitcoin’s price would either bottom or be between -2% to -8% away from a bottom,” he explained. Daily RSI stood at 33.2 at the time of writing.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XBybit hack remains the elephant in the roomElsewhere, trading firm QCP Capital pinned the blame for the broader crypto market downside on sell-offs tied to last month’s hack of crypto exchange Bybit.Related: Biggest red weekly candle ever: 5 things to know in Bitcoin this week“Today’s price selloff may also be exacerbated by holders preemptively front-running further hacker-driven supply, now that the hackers have shown willingness to cash out rather than risk further losses — having already seen their stolen assets depreciate by 25%,” it wrote in its latest bulletin to Telegram channel subscribers. “In response, risk reversals have become even more bid for Puts over the past 24 hours, reflecting growing concerns over additional selling pressure.”QCP data showed market expectations becoming more optimistic only from Q3 onward.“Until crypto finds a new narrative, we’re likely to see an increased correlation between BTC and equities in the near term,” it concluded, referencing upcoming US macroeconomic data releases. “Both risk assets are currently trading near their recent lows, and with tariff risks still looming, volatility could pick up heading into key U.S. macro data releases — CPI (Wed) and PPI (Thu).”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.