Crypto

Despite battlefield blowback fears, Bitcoin’s network is likely to shrug off disruptions, experts told Decrypt.

Bitcoin short-term holder losses were minimal over the weekend, and the Monday rally to $70,000 suggests the heaviest selling is done. Will Bitcoin finally break the monthly resistance? Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February. The short-term holder (STH) profit/loss (P&L) to exchanges metric tracks how much Bitcoin recent buyers send to exchanges at a profit or loss. These participants tend to amplify volatility during stress events. On March 1, the realized losses fell to 3,700 BTC even as geopolitical tensions between the United States and Iran escalated in the Middle East. Bitcoin dipped to $63,000 during that window, but exchange inflows from this cohort did not expand in response. Read more

The price of Bitcoin immediately fell following bombings on Iran this weekend, but then surged Monday as markets began to recover.

Bitcoin just plunged toward $60,000, but price is not the only thing collapsing. Market sentiment has now dropped to one of the lowest levels ever recorded, fueling bearish price predictions.The Bitcoin Fear & Greed Index has crashed to 5, placing the market deep into Extreme Fear. That reading has only been seen twice before in […] The post Bitcoin Price Prediction: Fear Just Hit a Level Seen Only Twice Before — What Happens Next Could Change Everything appeared first on Cryptonews.

Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%. Turkey's Justice and Development Party proposed a 10% tax on cryptocurrency income and gains as part of a draft bill amending the country’s tax laws. According to a Monday report from the state-run media Anadolu Agency, lawmakers in the Turkish Grand National Assembly proposed amending the country’s expenditure tax laws to include a 10% tax on digital assets. Under the legislation, platforms that are subject to capital gains tax in the country could be required to withhold 10% tax on gains and income derived from crypto transactions on a quarterly basis. The proposed law would allow Turkey’s president to change the tax rate on crypto from 0% to 20%, and service providers would be subject to a 0.03% transaction tax on transactions they facilitate. The country’s treasury is expected to implement regulations and enforcement for the bill, which is expected to take effect two months a...

PI has the second-highest bullish sentiment today (March 2nd).

A Bitcoin block signaling the BIP-110 proposal has appeared onchain while critics push back by inscribing a large image in protest.

Bitcoin price opened US trading session strongly with a 3% surge above $68,000, according to CryptoSlate's data. This marked a significant difference to its first response, which looked nothing like a clean safe-haven trade following the latest Middle East tensions. When headlines hit over the weekend about US strikes on Iran, the flagship digital asset […] The post Did Bitcoin fail its safe haven test after US strikes on Iran? BlackRock’s 60 day data hints at what comes next appeared first on CryptoSlate.

While bitcoin and ether remain in bear markets, HYPE has climbed alongside gold as HyperLiquid’s derivatives volume expands, weekend equity trading gains traction.

A former Labour minister has argued that foreign “enemies of democracy” are using crypto political donations to undermine British politics.

Bitcoin price strength received a surprise bullish catalyst from US manufacturing data, helping to relieve tensions over Iran as US stocks floundered. Bitcoin (BTC) surged toward $70,000 after Monday’s Wall Street open as crypto markets diverged from US stocks. Key points: Bitcoin reacts to positive US manufacturing data as bulls manage to sideline geopolitical tensions. Read more

As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end.

The Bitcoin treasury company repurchased 782,000 shares below NAV as it increases Bitcoin exposure and works to close the gap between market price and asset value. Bitcoin treasury company ProCap Financial has added to its digital asset reserves as it steps up efforts to reduce the gap between its share price and underlying net asset value (NAV), underscoring a focused capital allocation strategy amid volatility in the crypto and equity markets. ProCap disclosed Monday that it acquired 450 Bitcoin (BTC) during the recent market pullback, bringing its total holdings to 5,457 BTC. The additional purchase also helped reduce the company’s average cost basis per coin. At the same time, ProCap said it repurchased 782,408 of its shares over the past 10 days at prices trading significantly below its calculated NAV per share, narrowing the discount between market price and intrinsic value. The Nasdaq-traded shares were up 7.17% at last look in Monday morning trading, to $2.84 per share, according to Yahoo Finance. Rea...

Bitcoin rises over 6% on the U.S. open as CME premium spikes, and liquidations don’t explain it Bitcoin jumped over 6% to threaten $70,000 during Monday’s U.S. market open even as the broader macro environment appears risk-off. Oil ripped higher on Middle East escalation risk, equities opened sharply lower, and the dollar held firm. The […] The post Bitcoin price surges to $70k today while stocks fall at the US market opened appeared first on CryptoSlate.

CryptoQuant data shows 472M XRP ($652M) inflow to Binance after strikes on Iran, boosting market uncertainty.

Bitcoin ETFs rebounded as crypto funds saw $1 billion in fresh inflows last week—but is the worst really over?

The exchange has filed a proposal with the SEC to list yes-or-no bets on the Nasdaq-100 amid continued demand for prediction markets.

Revolut is preparing to trial a pound-backed stablecoin inside a regulated stablecoin sandbox in the UK, with testing expected within the current quarter. While this might look like another fintech pilot in the long history of crypto payment tests, the more interesting part sits upstream of the token itself. Revolut has what most stablecoin projects […] The post Revolut’s digital pound trial shifts the UK payments debate from crypto hype to consumer protections and clarity appeared first on CryptoSlate.

XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges. XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: A symmetrical triangle breakdown puts XRP price drop toward $0.95 in play. Read more

Over $80 million in shorts were wrecked in the past hour alone.