Category: Cryptocurrency News

Trump memecoin-linked accounts have reportedly earned at least $314 million from token sales and $36 million from fees on the Solana blockchain.

In crypto, wild price swings are normal when policies and new regulations are announced. This market observation became evident this week, immediately after US President Donald Trump announced plans for a strategic crypto reserve that includes Ethereum, Solana, ADA, Ripple’s XRP, and of course, Bitcoin.  Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Cryptos’ reaction was immediate, with Ethereum as one of the top assets that surged and fell massively within days. On March 2nd, ETH was trading at $2,191, then climbed to as high as $2,542 on March 3rd, before dropping below $2,300 at the day’s close and settling at the $2,050 level again the next day. According to Glassnode, the recent crypto price movements unraveled some of the key strategies of ETH holders. A Flurry Of Activities Among ETH Holders Glassnode data shows ETH holders and investors moved and adjusted their holdings during the recent crypto price swings. Based on its three-month analysis, Ether holders who acquired their tokens at $3,500 adjusted their holdings in February.  #Ethereum investors actively managed their exposure through this volatile period. After a rally to $2.5K, $ETH retraced to $2.05K – levels last seen in Nov 2023. Cost Basis Distribution (CBD) shows how capital rotated across price levels and who took advantage of the dip. 🧵👇 pic.twitter.com/vl6AdghfRO — glassnode (@glassnode) March 5, 2025 These investors started their positions at a peak price of $2,500, and remained on their positions when ETH revisited $2,050. Based on Glassnode figures, these investors own 1.75 million ETH with an average acquisition price of $3,200. This means that their holdings are now down 10% from their entry. Glassnode also shares that on March 1st, investors bought 500k ETH at an average price of $2,200. However, this group quickly redistributed their holdings when ETH’s price hit $2,500. Ethereum’s recent price action has revealed a new major price resistance at $2,800, where market traders accumulated 800k tokens. As such, crypto holders and investors are now looking at this level if ETH rebounds soon. Growing Accumulation Among ETH Whales Market analysts also highlight the growing trading activity and accumulation among crypto wallets. Crypto commentator Ted shared that a crypto whale investor recently bought 17,855 ETH worth roughly $36 million, with an average price of $2,054. The whale’s ETH holdings are now valued at $2.5 billion. This transaction validates the current accumulation trend, suggesting that today’s price is a “buy opportunity”. Is It Time To Buy ETH? Currently, ETH is trading between $2,100 and $2,300, which is still below its Monday price of $3,500. According to a CryptoQuant analyst, Ethereum is most likely in favorable condition after its recent price swings. The analyst added that Ethereum’s MVRV ratio drops below 1, meaning the asset is undervalued. Related Reading: Mt. Gox Stirs The Market With $1 Billion Bitcoin Transfer—What’s Going On? This level often sets the tone for a price surge in previous bull markets. He also noted that an increasing number of ETH addresses are buying more tokens. These wallets hold ETH without selling, suggesting that institutional players are building their holdings. Still, the CryptoQuant analyst remains cautious on ETH, pointing out that macroeconomic conditions can still sway crypto prices. He then noted the possible impact of tariff measures and monetary strategies on ETH and altcoin prices. Featured image from Reuters, chart from TradingView

Sui, a layer one (L1) blockchain project has announced a collaboration with World Liberty Financial (WLFI), a Donald Trump-inspired DeFi protocol. The partnership aims to explore blockchain applications and decentralized asset management, with WLFI integrating Sui-based assets into its Macro Strategy reserve. Sui and World Liberty Financial Explore DeFi Innovations World Liberty Financial (WLFI), a […]

Key Takeaways: Crypto fraud & rug pulls targeted by NY bill to protect investors Legislation boosts transparency & developer accountability, influencing market confidence Amid rising crypto scams, the bill aims to address the regulatory needs of American investors. These provisions were included in a new bill introduced in New York State designed to safeguard crypto…
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Trump’s US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say.

Trump’s US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say.

Trump’s US Bitcoin reserve is expected to drive global adoption, boost institutional investment and cement Bitcoin as a strategic asset, analysts say.

This week, the US Dollar Index (DXY) has recorded one of its largest three-day negative performances in recent history. Since Monday, the DXY is down -5.4%, falling from 109.881 to 103.967—an event some market observers interpret as a bullish inflection point for Bitcoin. Jamie Coutts, Chief Crypto Analyst at Real Vision, has drawn on historical comparisons to argue that the steep DXY decline could portend a significant upswing in the world’s largest cryptocurrency by market capitalization. DXY’s Historic Drop Signals A Major Bitcoin Rally Coutts presented the findings of two historical backtests on X, detailing how similar DXY drops have coincided with pivotal moments in Bitcoin’s price cycles. He wrote: “When looking at this recent move in the DXY through a historical lens, it’s challenging to be anything but bullish. I ran a signal screen for 3-day negative moves of more than -2% & -2.5% and found they have all occurred at Bitcoin bear market troughs (inflection points) or mid-cycle bull markets (trend continuations).” Although the statistical significance is limited by Bitcoin’s relatively short trading history, Coutts underscored that these data points are nonetheless worth considering. Related Reading: This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says In his first backtest covering DXY declines of more than -2.5%, Coutts found such a scenario on eight occasions since 2013. Over a 90-day period following those declines, Bitcoin rose every single time, giving it a perfect 100% win rate. The average return was +37%, which would translate to an estimated BTC price of around $123,000, while a move of one standard deviation above that average reached +63% (approximately $146,000 BTC). Even in the worst instance, Bitcoin still managed to gain 14%, putting it around $102,000 BTC. In his second backtest focusing on DXY declines of more than -2.0%, there were 18 such occurrences since 2013, and Bitcoin was up 17 out of those 18 times for a 94% win rate. The average 90-day return stood at +31.6%, close to $118,000 BTC, while a one standard deviation move was +57.8% (around $141,000 BTC). The worst 90-day return after such a DXY drop was -14.6% (approximately $76,500 BTC). Related Reading: US To Buy 1 Million Bitcoin For Reserves, Hints Michael Saylor Acknowledging that these backtests cannot offer guarantees, Coutts stated, “I made a bold call yesterday about new highs by May. I try to base projections on robust data points. Ofc this time might be different. Let’s see.” Analysts often view a declining DXY as a sign of improving risk appetite in global markets, which can favor alternative stores of value and risk assets, including Bitcoin and other cryptocurrencies. The US Dollar Index’s abrupt retreat comes on the heels of regulatory concerns and a challenging February for Bitcoin, yet Coutts maintains that the larger trend looks remarkably similar to historical points of resurgence. He also noted in a post from the previous day: “Don’t think people understand the significance of the DXY move in the past 3 days and what it means for Bitcoin. […] The DXY saw its 4th largest negative 3-day move—massively liquidity-positive. Just as Bitcoin nuked and had its worst Feb in a decade. Meanwhile, in altcoin land, the Top 200 crypto index puked one more time. The chart shows that 365 days of New Lows hit 47%, a hallmark of capitulation in a bull cycle. The stage is set for a new all-time high in Bitcoin and Top 200 aggregate market cap by May.” At press time, BTC traded at $88,404. Featured image created with DALL.E, chart from TradingView.com

If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.

If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.