Bitcoin Price Dips as Hot US PCE Data Puts Pressure on $84K Support
Bitcoin (BTC) experienced a downturn on March 28, reacting to higher-than-expected US inflation data. Bitcoin Faces Volatility After PCE Release Data from TradingView showed BTC/USD reaching $85,500 during Wall Street’s opening hours before reversing downward. The cryptocurrency fell over 3% for the day, dipping below $84,500 on Bitstamp, marking its lowest point since March 23. […]
Nasdaq Seeks SEC Approval to List Grayscale’s Avalanche ETF
Nasdaq has officially submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to list Grayscale Investments’ spot Avalanche exchange-traded fund (ETF). The filing, dated March 27, proposes a rule amendment that would allow the Grayscale Avalanche Trust (AVAX) to be listed on the exchange. This ETF is designed as a conversion […]
Market May Be Underestimating Bitcoin’s Speed to New All-Time Highs
Bitcoin is on track to surpass its $109,000 peak faster than many anticipate, despite ongoing turbulence in the US macroeconomic landscape, according to a prominent crypto analyst. “The market might not fully grasp how quickly Bitcoin can rally—potentially reaching new record highs before the second quarter ends,” stated Jamie Coutts, chief crypto analyst at Real […]
GameStop Loses $3B in Market Value Amid Bitcoin Strategy Concerns
GameStop saw nearly $3 billion wiped from its market capitalization on March 27 as investors grew skeptical about the company’s decision to invest in Bitcoin, according to Google Finance data. On March 26, the video game retailer revealed plans to allocate proceeds from a $1.3 billion convertible debt offering toward Bitcoin purchases—a strategy increasingly favored […]
Senator Cruz Introduces Bill to Block Federal Reserve from Issuing a CBDC
On March 26, U.S. Senator Ted Cruz introduced legislation aimed at preventing the Federal Reserve from creating a central bank digital currency (CBDC). Known as the “Anti-CBDC Surveillance State Act,” the bill seeks to block the Fed from offering services directly to individual Americans—an essential aspect of any CBDC. Cruz’s bill serves as a counterpart […]
European Banks Struggle to Keep Up with Crypto Investor Demand
A recent survey by crypto investment platform Bitpanda suggests that European banks and financial institutions may be underestimating the growing demand for cryptocurrency services. Despite a surge in crypto adoption, fewer than one in five financial institutions currently offer digital asset products. The study, which surveyed 10,000 retail and business investors across 13 European countries, […]
XRP ETF Approval Seen as Inevitable as Polymarket Bets Reach 85%
Optimism is surging within the crypto community regarding the potential approval of an XRP exchange-traded fund (ETF), particularly after Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) came to an end. On March 19, Ripple CEO Brad Garlinghouse confirmed that the case had officially concluded. In a post on X, he […]
Custodia and Vantage Bank Launch ‘Pioneering Bank-Issued Stablecoin’
Crypto-friendly Custodia Bank, in collaboration with Vantage Bank, has successfully launched what they claim to be the first-ever bank-issued stablecoin in the United States, built on a permissionless blockchain. On March 25, Custodia announced that it had tokenized U.S. dollar demand deposits, enabling the issuance, transfer, and redemption of the stablecoin “Avit” on Ethereum using […]
Bitcoin Likely to Reach New Highs in 2025, Says Analyst
Bitcoin network economist Timothy Peterson remains bullish on BTC, predicting a 75% probability that the cryptocurrency will set new all-time highs within the next nine months. In a March 25 post on X, Peterson pointed out that Bitcoin is currently near the lower boundary of its historical range. He noted that this positioning suggests a […]
Bitcoin Poised for April Surge Amid Key US Inflation Report
Investors in both traditional and cryptocurrency markets are closely watching Friday’s release of the Personal Consumption Expenditures (PCE) report in the United States. This data could ease inflation concerns and potentially fuel a surge in demand for risk assets like Bitcoin. Set for publication on March 28, the PCE index—issued by the US Bureau of […]