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Following US President Donald Trump’s executive order establishing a Strategic Bitcoin (BTC) Reserve, Republican Senator Cynthia Lummis announced she would reintroduce her Reserve bill in the Senate to implement a BTC purchase program.

Senator Lummis Reintroduces The ‘Bitcoin Act’

At the National Press Club in Washington, D.C., Senator Cynthia Lummis revealed she will reintroduce the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the US Senate today.

Lummis announced that Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville will co-sponsor the bill. “We intend to make a real push to help people understand why Bitcoin is freedom money,” she reportedly said during the announcement.

Ahead of the statement, the senator affirmed that she is “for real this time,” sharing a video compilation of crypto investors asking about a US Strategic Bitcoin Reserve (SBR) with the text “₿ig things are coming.”

Lummis originally introduced the legislation on July 31, 2024, to establish “a strategic Bitcoin reserve to serve as an additional store of value to bolster America’s balance sheet and ensure the transparent management of Bitcoin holdings of the federal government.”

The bill aimed to implement a Bitcoin Purchase Program to buy around 5% of the total BTC supply, or 1 million BTC, over 5 years, mirroring the “size and scope” of the US gold reserves. The legislation proposed a hold period of at least 20 years for the BTC acquired under the purchase program.

‘Codifying’ President Trump’s SBR Vision

In a separate statement, Senator Lummis asserted that “The BITCOIN Act is back,” expressing her excitement to reintroduce the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come.”

Together, we are not just adaption to the future – we are actively shaping it, writing the next chapter in America’s proud history of financial innovation and securing lasting prosperity for all our citizens.

This move follows US President Donald Trump’s recent executive order to officially create a Strategic BTC Reserve and a “Digital Asset Stockpile.” As reported by Bitcoinist, the order, signed on March 6, stated that the SBR would be funded by crypto seized from government criminal and civil forfeiture proceedings.

Lummis added, “By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy.”

Moreover, US House of Representatives member Nick Begich introduced a companion bill to Senator Lummis’ proposed legislation. The Republican Representative presented the “Bitcoin Act of 2025” to the US House, co-sponsored by Representatives Addison McDowell, Troy Downing, Mike Collins, Pat Harrigan, Mike Rulli, and Troy E. Nehls.

Begich explained that the legislation is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”

On-chain data shows that Bitcoin miner exchange inflows have shot up recently, something that could extend BTC’s price drawdown.

Bitcoin Miner To Exchange Flow Metric Has Seen A Spike

As pointed out by an analyst in a CryptoQuant Quicktake post, miners are upping their selling pressure. The on-chain indicator of relevance here is the “Miner to Exchange Flow,” which, as its name implies, keeps track of the total amount of Bitcoin moving from the miner entities to exchange-associated wallets.

When the value of this metric is high, it means the miners are transferring a large number of coins to these central platforms. Generally, these chain validators deposit to exchanges when they want to sell, so this kind of trend can be a bearish sign for the asset’s price.

On the other hand, the indicator being low implies the miners may not be interested in selling as they are only making a low amount of exchange inflows. Such a trend can naturally be bullish for the cryptocurrency.

Now, here is a chart that shows the trend in the Bitcoin Miner to Exchange Flow over the last few months:

As displayed in the above graph, the Bitcoin Miner to Exchange Flow has observed a spike in the past day, which suggests the miners have made a hefty deposit to the exchanges.

In the last couple of weeks, there have also been other large spikes in the metric, with an interesting commonality between most of them being that they all came after plunges in the asset’s price. The latest spike has also followed this pattern. Thus, it would appear that the chain validators have been panic-selling during this phase of bearish momentum.

Miners are entities that have to participate in regular selling in order to sustain their operations, as they have constant running costs in the form of electricity bills. Most of the time, the selling pressure from the cohort is readily absorbed by the market, so the BTC price tends not to see a bearish effect from it.

In cases where the selloff is of a particularly notable scale, however, Bitcoin can indeed feel an impact. “Sustained selling from miners can slow recovery unless absorbed by strong demand,” notes the quant.

It now remains to be seen whether BTC Miner to Exchange Flow would see a cooldown in the near future, or if miners would continue to part with their holdings, potentially causing the price downtrend to extend.

BTC Price

Bitcoin briefly fell under the $77,000 mark during yesterday’s plunge, but the coin has since seen a rebound as its price is now back at $80,700.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced renewed downward pressure amid a widespread market crash. After reaching a mid-December high of $4,107—still below its November 2021 all-time high of $4,868—ETH slipped below $1,800, marking a 53% drop from its December peak. But while traders scramble to assess the depth of this current downturn, a new on-chain development has momentarily stolen the spotlight.

Is It Really The Ethereum Foundation?

A transaction flagged by on-chain analytics service Lookonchain raised alarms this week, suggesting an alleged liquidation risk for the Ethereum Foundation (EF). Lookonchain reported via X: “A wallet suspected to be Ethereum Foundation deposited 30,098 ETH ($56.08M) to Maker to lower the liquidation price 5 hours ago. Currently, this wallet has 100,394 ETH ($182M) on Maker, and the liquidation price is $1,127.06.”

The magnitude of the transaction—reportedly worth $56.08 million in ETH deposits—sparked widespread speculation about EF’s potential exposure. Lookonchain’s data implied that 30,098 ETH (approximately $182 million) was being used to back a MakerDAO vault with a liquidation threshold hovering around $1,127, a pivotal level givenETH’s recent price crash.

Chinese crypto news outlet Wu Blockchain was among the first to circulate the story. However, shortly thereafter, Wu Blockchain offered a clarification based on analytics from Arkham Intelligence.

The updated analysis indicates that the wallet’s connections to the Ethereum Foundation may have been overstated. The address, it appears, belongs to an early ETH investor who once interacted with EF’s official wallets but has since managed funds independently. The deposit of 30,098 ETH was presumably a strategic move to shore up collateral and lower the MakerDAO vault’s liquidation price during a market downturn.

Wu Blockchain noted via X: “Correction: Although 0x22…1246 was flagged by Arkam as a suspected Ethereum Foundation address, on-chain data confirms otherwise. While this address received a 4M DAI transfer from the Ethereum Foundation ETH Sale in May 2022, its transaction behavior and initial ETH funding trace back to jonny.eth (0xb76), indicating that it is more likely an early ETH investor rather than the Foundation itself. This address deposited 30,098 ETH into the MakerDAO vault today, with an outstanding debt position of 78,035,224.7182 DAI.”

While the liquidation price remains $1,127—a level that some observers believe could be tested if market pressures persist—there is currently no official evidence linking the vault to the Ethereum Foundation. Consequently, rumors of an EF liquidation seem to be unfounded, given the clarifications brought forth by Wu Blockchain based on Arkham data.

At press time, ETH traded at $1,925.

David Sacks, the White House’s crypto czar, has disclosed the intentions of the Treasury Department to concentrate on increasing the value of Bitcoin, XRP, and other digital assets that the US government owns. This, after US President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already held by the government.

Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) have been greenlit for inclusion into the reserves under this initiative. The announcement emphasizes the government’s will to improve its national financial posture in the rapidly changing digital asset space.

The Crypto Reserve In Motion

One of the measures toward bringing virtual currencies into the government financial system is the Crypto Strategic Reserve. By including the above mentioned cryptocurrencies, the government wants to diversify national assets and support advances in financial technology. This move suggests that the probable economic impact of digital currencies is beginning to be more defined.

The Function Of The Treasury In Management Of Crypto

Sacks has gone into great lengths on how the Treasury Department plans to manage the Bitcoin holdings and raise their value. Treasury Secretary Scott Bessent will oversee this endeavor. The approach emphasizes prudent management to maximize the potential returns from these digital assets.

According to Sacks, during the All In Podcast, the purpose of the stockpile is “responsible stewardship.” He pointed out that it is “a place for safekeeping, it’s a centralized account under the direction of the secretary of the Treasury and the secretary of the Treasury will figure out how to maximize the value of these holdings.”

To put it in perspective, the federal government’s failure to fully utilize its Bitcoin assets resulted in a loss of $17 billion. Sacks claims that the government used to own over 400,000 Bitcoin tokens. But it has sold off more than half of its holdings in the last decade for slightly more than $350 million.

Market Response

The introduction of the Crypto Strategic Reserve has elicited a range of responses from the cryptocurrency market. Initially, the disclosure caused the values of the related cryptocurrencies to rise sharply.

Market euphoria was, however, dampened by later comments that the reserve would primarily consist of assets obtained through forfeitures, with no immediate intentions for new acquisitions. For example, Bitcoin experienced a 5% decline, ultimately falling below the crucial $80,000 level, while Ethereum and XRP fell 3% and 4% apiece.

Congressional Viewpoints Regarding The Initiative

The feasibility and implementation of the proposal have prompted discussions within Congress. Chairman Tim Scott of the House Banking Committee recommended a cautious approach, stating that a delay is necessary until Congress is more adequately equipped to address the intricacies of incorporating cryptocurrencies into national reserves.

Featured image from Gemini Imagen, chart from TradingView

Dogecoin’s price has been on a wild ride with a wave of steady declines in recent weeks. This decline has caused the meme coin to lose various support levels amidst a steady increase in selling pressure. Notably, this decline has resulted in a pullback of about 66% from the December 2024 high. 

Such a 66% pullback is expected to cause concern among Dogecoin investors, but historical data suggests that such retracements are normal and often precede massive rallies. Crypto analyst Trader Tardigrade recently pointed out that Dogecoin has undergone two similar retracements since October 2022, both of which were followed by explosive price surges.

Dogecoin’s Trend Of Pullbacks And Explosive Recoveries

The latest Dogecoin correction may be difficult for bullish investors to cope with, but history suggests that such pullbacks have been precursors to massive price rallies since its 2021 all-time high. Looking at past trends, Dogecoin’s first major correction occurred after a rally in 2022, with the price dropping by 64% between October 2022 and June 2023. This steep decline was reversed later, leading to a massive 300% surge between July 2023 and March 2024.

A similar scenario unfolded during the second correction, which also saw a 64% dip from March 2024 to August 2024. But this time, the price skyrocketed by an even larger 500%. These two cycles have established a pattern that suggests Dogecoin’s current price action may not be unusual.

Trader Tardigrade’s analysis noted that the latest correction, which has seen Dogecoin decline by 66% from December 2024, fits within this historical pattern. As such, another significant price increase could be close if history repeats itself. Given that the previous rebounds resulted in triple-digit percentage gains, the possibility of another incoming rally cannot be ignored.

Could This Pullback Lead To A $1 Breakout?

The crypto analyst has hinted at the potential for a substantial price pump that could take Dogecoin toward the coveted $1 mark. Considering past rallies have resulted in 300% and 500% surges, a similar move from current levels could push Dogecoin into uncharted territory. 

At the time of writing, Dogecoin is trading at $0.1587, down by 8.62% in the past 24 hours. A 300% move from here would translate to a price target of $0.64, its highest price point in years. On the other hand, a 500% move from the current price translates to a price target of $0.96, which would be an uncharted price level. 

The first step in achieving this rally is the resumption of bullish sentiment in the crypto industry. The broader crypto market is currently gripped by extreme fear, with sentiment indicators sitting at a historically low reading of 15, the lowest in over two years.

Ethereum (ETH) has officially lost the $2,000 mark, trading below this key level for the first time since 2023 and reaching its lowest point since October 2023. The price plummeted as low as $1,750, marking a dramatic drop from its December 2024 high of $4,100. This staggering 57% decline has created a difficult environment for bulls, as Ethereum struggles to find stability amid growing selling pressure.

The broader crypto market downturn, driven by macroeconomic uncertainty and risk-off sentiment, has left ETH in a vulnerable position, with traders unsure whether a bottom has formed or if further downside is ahead. The sharp decline in Ethereum’s value has intensified bearish sentiment, making it one of the worst-performing major altcoins over the past few months.

According to Glassnode data, Ethereum is testing key levels below $2,000 and above $1,800 based on the MVRV Pricing Bands. Historically, this range has acted as a major support zone, and its ability to hold will be critical in determining Ethereum’s short-term price direction. If ETH fails to stabilize, the market could be in for another wave of selling, potentially pushing prices even lower.

Ethereum Tests Critical Support As Market Struggles

The entire crypto market has suffered a major breakdown, mirroring the decline in U.S. stock markets as trade war fears and uncertainty surrounding U.S. President Trump’s policies weigh heavily on investor sentiment. Macroeconomic instability and volatility have been the primary market drivers since the U.S. elections in November 2024, and current conditions suggest that this trend is far from over.

Rising global trade war concerns and erratic decision-making by the U.S. administration have further fueled fear and uncertainty, sending the U.S. stock market to its lowest levels since September 2024. This risk-off environment has translated into increased selling pressure across the crypto market, with Ethereum (ETH) struggling to hold critical support levels.

Top analyst Ali Martinez shared insights on X, highlighting that Ethereum is now testing key levels based on the MVRV Pricing Bands. According to on-chain data, ETH’s Realized Price currently sits at $2,060, a level that has acted as crucial support in previous cycles. If Ethereum fails to hold above this mark, the next major downside target is around $1,440, which would represent a substantial drop from current levels.

With market conditions still fragile, the next few trading sessions will be crucial in determining Ethereum’s short-term trajectory. If ETH can hold above $2,060, it may have a chance to stabilize and attempt a recovery. However, if selling pressure intensifies, the market could see Ethereum test significantly lower price levels, adding to the growing uncertainty among investors.

ETH Struggles Below $2,000

Ethereum is currently trading at $1,900, following days of heavy selling pressure that have led to significant losses. ETH has failed to hold key levels, with the price dropping as low as $1,750 just a few hours ago, marking one of its lowest points in months. With the market under continued bearish control, bulls are now racing to reclaim the $2,000 mark in an effort to stabilize price action and shift momentum toward a potential recovery phase.

For Ethereum to regain strength, it must hold above current levels and push past $2,000 quickly. A break above this key resistance zone would indicate renewed buying interest, reducing selling pressure and allowing ETH to attempt a more sustained recovery. However, if ETH fails to reclaim $2,000, the market is likely to see a continuation of the downtrend, with further declines expected.

With Ethereum in a fragile position, the next few days will be crucial in determining whether bulls can step in to reverse the trend or if ETH will slide into deeper correction territory. Traders are closely watching price movements, as Ethereum remains at risk of further downside if key levels are not regained.

Featured image from Dall-E, chart from TradingView

The ongoing Bitcoin price crash is a testament to the growing volatility and uncertainty in the crypto market. As Bitcoin faces more downward pressure, the market braces for a wave of key economic reports this week that could influence prices. 

Bitcoin Price On Edge As Market Awaits Key Economic Reports

After weeks of strong performance, Bitcoin’s recent price crash has raised concerns about further downside and the possible start of the bear market. Starting today, the next few days will be crucial in determining whether BTC can recover from present bearish conditions or decline further.

Given the state of the market, The Kobeissi Letter, an industry-leading commentary on global capital markets, has taken to X (formerly Twitter) to outline six key economic events that could impact the broader financial and crypto market.

The first event on the list is the Job Openings and Labor Turnover Survey (JOLTS), which is scheduled to be released on Tuesday, February 11. This economic data measures the number of job openings in the United States (US). Typically, a strong labor market suggests that the economy remains stable, potentially delaying further rate cuts from the FED and causing Bitcoin and other digital assets to struggle. 

The second economic data set to be released the same day is the short-term energy outlook for the Energy Information Administration (EIA). This provides insights into fuel demand and supply. While this economic event may not be a direct crypto driver, energy costs impact inflation, which affects FED policies. These policies could hurt or boost the Bitcoin price. 

The third event scheduled to launch on Wednesday this week is the February Consumer Price Index (CPI) inflation data. This economic data measures the inflation at the consumer level and plays a critical role in determining future FED rate cuts. If CPI comes in higher than expected, it could negatively impact Bitcoin, as it would signal consistent inflation that may delay monetary easing. 

The next economic data set for release on Thursday is the weekly jobless claims report. If jobless claims continue to rise, it could signal a weakening economy, which may increase expectations of a rate cut and boost Bitcoin.

Another critical event set to launch the same day is the February Producer Price Index (PPI). This data measures inflation on a wholesale level. A higher-than-expected PPI report could negatively influence Bitcoin and possibly lead to further crashes by reducing the likelihood of near-term FED rate cuts.

Final Economic Report Scheduled For This Week

As the market closely watches out for the latest reports on critical economic events, Bitcoin faces more volatility. Its price has declined again by 2.28% in just 24 hours. Over the past month, the pioneer cryptocurrency crashed 17.22%, pushing its price down to $80,380, according to CoinMarketCap.

If the upcoming economic reports do not favor the market, Bitcoin risks seeing further price crashes, as bearish sentiment may increase. The last financial report scheduled for release on Friday, February 14, is the Michigan Consumer Sentiment Index. This provides insights into the level of confidence consumers have in the economy.

A decline in sentiment could signal economic uncertainty, which may have a bearish effect on the Bitcoin price, especially if investors shift to safer assets. At the same time, a low sentiment could also support Bitcoin if it fuels expectations of a FED rate cut.

Dogecoin’s recent bearish performance in the past several weeks has cast doubts about its potential in the ongoing bull market cycle and its long-term prospects. DOGE may have declined sharply toward key levels last seen in 2024, but many analysts foresee a price reversal, which could be part of a larger bull trend.

Trader Tardigrade, a seasoned market expert and investor, has outlined an impending significant bullish run for Dogecoin. The analyst expects the price reversal to be bolstered by a prolonged chart pattern, strengthening DOGE’s performance for an upside.

Is It Time For Dogecoin To Witness Another Notable Rally? 

Despite the magnitude of DOGE’s price pullback, there is still hope for a rebound as key indicators point to a growing upward momentum. Delving into the current performance, Trader Tardigrade revealed that the meme coin continues to maintain its Gaussian Channel pattern while undergoing downward movements, indicating resilience in the volatile period.

The drop has brought DOGE’s price closer to the mid-band of the Gaussian Channel formation, which is a bullish signal. This is because the band previously stopped Dogecoin from falling deeper during the Falling Wedge pattern. With DOGE approaching the mid-band, Trader Tardigrade is confident that the time has come for a rebound if it responds similarly to the last time.

Presently, Dogecoin is hovering around a key support level that previously served as a springboard for a substantial pump. Should the meme coin mirror past trends, another rally could unfold at this point, potentially pushing it back to yearly highs of around $0.48. With the help of huge accumulations at current levels, DOGE also stands the chance to undergo a price reversal in the upcoming weeks.

A Price Drop Before A Major Upsurge

In another of his recent analyses, the expert suggests that DOGE’s sharp price decline might be setting the stage for a huge rally. In other words, the ongoing correction is a natural one that precedes robust upward performance, allowing the dog-themed meme coin to target a new all-time high. His analysis is based solely on past scenarios whereby DOGE surged dramatically after witnessing a strong pullback.

So far, the meme coin has experienced 3 notable pullbacks, including the ongoing correction since October 2022. Dogecoin’s chart in the 3-day time frame shows that the asset saw a 64% retracement in the first two pullbacks in 2023 and 2024. Following each pullback, DOGE shifted into bullish territory, recording more than 300% and 500% increases, respectively.

Meanwhile, the current price pullback has reached 66%, which Trader Tardigrade believes could offer enough momentum for Dogecoin to pump similarly to past scenarios or even more than that. Looking at the chart, the analyst expects the impending surge to push prices to the $1 milestone, marking a new all-time high for DOGE.

Bitcoin (BTC) and Ethereum (ETH) have been hit with massive selling pressure as fear grips not just the crypto market but also U.S. stocks. The entire crypto sector has struggled amid negative macroeconomic conditions, with investors uncertain about the market’s next major move.

Global trade war fears and erratic policy shifts from U.S. President Trump’s administration have fueled volatility and uncertainty, creating a hostile environment for investors. As a result, the U.S. stock market has plunged to its lowest levels since September 2024, dragging crypto prices down alongside traditional assets. With no clear relief in sight, traders remain on edge as both stocks and crypto fight to hold key support levels.

Key on-chain metrics from CryptoQuant reveal that open interest in Bitcoin and Ethereum futures has dropped significantly, reflecting a clear shift in investor sentiment and speculative activity. The decline in open positions suggests that traders are exiting the market due to liquidations or risk aversion, adding to the uncertainty surrounding Bitcoin’s and Ethereum’s price action.

With markets under pressure, the coming days will be crucial in determining whether BTC and ETH can recover or if further downside is ahead.

Bitcoin Drops 19% As Fear Grows

Bitcoin has fallen over 19% since the start of March, with fear and uncertainty dominating market sentiment. Many investors now believe the bull cycle is over as BTC struggles to reclaim key levels and bearish sentiment sets new downside targets. With selling pressure increasing, traders are closely watching whether Bitcoin can stabilize or if further losses are ahead.

Since the U.S. elections in November 2024, macroeconomic volatility and uncertainty have driven the market. Rising trade war fears, unpredictable policy changes, and global economic instability have all contributed to continued weakness across risk assets, including both crypto and U.S. stocks. With these conditions expected to persist, Bitcoin remains vulnerable to more price swings.

Top analyst Axel Adler shared insights on X, revealing the significant drop in open interest in Bitcoin and Ethereum futures indicates a major shift in investor sentiment and speculative activity. Traders exit their positions amid heightened uncertainty. According to Adler, open interest in BTC futures has dropped by $668 million, while ETH futures have seen a decline of $700 million. In total, positions worth $1.368 billion have been closed across both instruments.

Adler notes that this liquidation wave represents a partial market reset, as leveraged traders exit the market. While this could signal reduced speculative pressure, Bitcoin still needs to reclaim key levels before a recovery can take place.

BTC Struggles Below Key Moving Averages

Bitcoin is currently trading at $81,500, having lost the 200-day Moving Average (MA) and Exponential Moving Average (EMA) around the $85,000–$82,000 range. This breakdown has placed BTC in a weaker position, increasing the risk of further declines unless bulls can reclaim key resistance levels.

For a recovery to gain momentum, bulls must hold firm above the $80,000 support level and push back above $85,000. A strong move past this zone could signal the start of a rebound, but market conditions remain uncertain, making the pace of any recovery highly unpredictable. Without a decisive push higher, BTC could remain trapped in a consolidation phase, struggling to find direction.

However, losing the $80,000–$78,000 range would put Bitcoin at risk of further downside, with the next key support levels sitting at $75,000 and potentially even $69,000. If bears maintain control, BTC could experience another wave of selling pressure, delaying any hopes of a recovery. The coming days will be critical in determining whether Bitcoin can stabilize or if further declines are on the horizon.

Featured image from Dall-E, chart from TradingView

The current bearish state of the overall crypto market has triggered fears of a bear market since Bitcoin, the largest digital asset, continues to decline, reaching as low as $77,760. It is worth noting that  BTC has been decreasing from its new all-time high of $109,000. However, in spite of the notable decline, bullish sentiment might be returning among investors as they ramp up more coins.

More Bitcoin Scooped Up By Whales And Sharks

Bitcoin’s price may have been dropping for a lengthy period, but investors’ sentiment is rising once again. Amid the waning price performance Santiment, a leading market intelligence and on-chain platform, reported that buyers are beginning to return to the market, casting a bullish outlook for BTC.

On-chain data shows that large investors and traders, particularly whales and sharks, are adding more BTC to their holdings. These big investors have experienced numerous crucial turning points over the last 6 months prior to their recent BTC accumulation. In short, their modest dumping between mid-February and early March played a part in the most current crypto dump.

The recent rise in accumulation is seen among wallet addresses containing more than 10 BTC, suggesting renewed confidence in its future performance. In the past 6 days, these whales and sharks have purchased about 4,846 BTC. These cohorts have been adding to their holdings even as retail traders display heightened fear and panic.

Historically, positive trends like these have triggered an upward move in BTC’s price in the short term. As a result, the on-chain platform is confident about a bullish atmosphere for BTC in the upcoming weeks.

Given the development, Santiment has predicted that this month could perform better than the previous two. “Prices have not reacted to their buying just yet, but don’t be surprised if the 2nd half of March turns out much better than the bloodbath we’ve seen since Bitcoin’s ATH 7 weeks ago,” the platform stated.

However, this is only likely as long as BTC whales and sharks extend their huge accumulation. As high-net-worth and institutional investors solidify their holdings, Bitcoin’s supply dynamics might shift in favor of sustained growth.

Small BTC Investors Follow The Trend

This increase in buying interest was also spotted among small investors during the previous brief upswing in BTC’s price last week. Following the brief surge, small Bitcoin wallet addresses experienced an additional 50,000 wallets on the network than there were a month ago.

Data from Santiment shows that about 37,390 more wallets were created among holders of less than 0.1 BTC, usually referred to as shrimps. Furthermore, wallets containing between 0.1 BTC and 100 BTC increased by over 12,754, while those holding at least 100 BTC decreased by 6.

Given the heightened volatility in the market, this may not be a significant bullish signal. However, Santiment points to an increase in wallets holding more than 100 BTC as a sign that a breakout in the broader market might be imminent.

Crypto projects like Best Wallet token are ready to take off as Donald Trump eyes an executive order that would force the Federal Reserve to accept crypto banks into the system.

The measure comes as a response to Biden’s Operation Chokepoint 2.0, which sought to prevent crypto entities from accessing banking services.

Trump himself addressed the matter directly during the White House Digital Asset Summit, where he declared:

‘Under the Biden administration, regulators strong-armed banks into closing the accounts of crypto businesses and entrepreneurs […] and they weaponized the government against the entire industry. […] All of that will soon be over and we are ending Operation Chokepoint 2.0.’

The statement took place in the context of Trump announcing the formation of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.

The Connection to Obama’s Original Operation Chokepoint

Operation Chokepoint started in 2013 and ended in 2017 during Obama’s second term and was, and still is, characterized as controversial and unpopular among Republicans.

Obama’s initiative sought to pressure banks into banning targeted payday lenders and firearm dealers from their services, with notable figures like Dru Stevenson stating that the Department of Justice’s (DOJ) action was to make sure that: 

‘[…] banks were to be more scrupulous and dutiful in screening for fraud and money laundering when they serviced business customers.’

The measure also received criticism, including from the US House of Representatives in their May 29, 2014 report – Operation Chokepoint: Illegally Choking Off Legitimate Businesses?

Operation Chokepoint 2.0 faces similar criticism, with MARA CEO Fred Thiel painting the initiative as ‘violating free market principles’ and ‘setting a dangerous precedent for financial censorship’.

Coinbase’s CEO, Brian Armstrong, applauded Trump’s upcoming executive order, stating that this is ‘the most pro-crypto Congress we’ve ever seen.’

But what does this mean for the crypto market in general and projects like Best Wallet token in particular?

Why Trump’s Executive Order Could Trigger the Next Bull

Trump’s upcoming executive order is the latest in the White House’s string of pro-crypto policies.

Another comes in the form of the U.S.’s Strategic Bitcoin Reserve, which the president green-lighted on March 6, 2025.

The signs are clear: the new administration pushes the crypto market into a more regulated space, which is bound to attract investors and increase public interest.

This will most likely lead to increased adoption and create upward value pressure for the best altcoins and best presales today, like Best Wallet.

Are Projects Like Best Wallet Token About to Explode?

Best Wallet Token is one of the new cryptocurrencies that could benefit from the crypto integration into the fed payment system.

The $BEST token presale is gaining significant momentum, having already raised an impressive $11 million and counting. Currently priced at $0.0243, this early-stage opportunity is attracting a wave of investors eager to capitalize on its potential.

By participating in the presale, investors unlock a range of exclusive benefits, including:

• Dynamic staking: The staking reward currently sits at 145% and drops as stakers keep joining the pool. 
• Lower transaction fees: $BEST holders enjoy reduced transaction fees in the Best Wallet ecosystem.
• Community governance: Investors have the power to influence the project’s direction by voting on upcoming features.

$BEST airdrops are also available based on the number of points you hold. You can win points by participating in daily and seasonal quests, and the more points you accumulate, the higher the airdrop.

The token supports the Best Wallet ecosystem – a non-custodial platform that moves the wallet’s security and assets into the hands of the user.

Best Wallet currently supports thousands of coins, is working toward supporting 60+ blockchains and aims to implement several useful features. 

The upcoming Best Card allows users to spend cryptocurrency for fiat-only transactions. The system makes the conversion automatically, allowing you to use the Best Card for retail operations worldwide.

Coinsult, a leading blockchain security firm, has conducted a thorough audit of Best Wallet and officially certified it as secure and reliable for investors. This independent verification reinforces Best Wallet’s commitment to safety, transparency, and trust in the crypto space.

Friendly reminder: this is not financial advice. Always DYOR (Do Your Own Research) before investing and remember that the crypto market is volatile and moody. There are no guarantees.

Is the Bull Ready to Charge?

The current crypto climate isn’t necessarily in the best state, following the infamous Bybit hack, which impacted not only Bybit’s reputation, but the market as a whole too.

This is set to change in light of recent events, something which Bitcoin advocate Samson Mow also predicts.

Trump’s Bitcoin Reserve highlights the White House’s trust in the crypto space.

‘Unfortunately, in recent years, the US government has foolishly sold tens of thousands of additional Bitcoins that were worth billions and billions of dollars had they not sold them. […] Not a good thing to have done,’ concluded Trump during the White House Digital Assets Summit.

Statements like these mark a shift in the U.S.’s stance on Bitcoin which could trigger a butterfly effect that would revitalize the entire crypto-sphere.

As always, DYOR, stay informed about market risks, and invest only what you can afford to lose — crypto is a highly volatile investment with inherent risks.

Crypto projects like Best Wallet token are ready to take off as Donald Trump eyes an executive order that would force the Federal Reserve to accept crypto banks into the system.

The measure comes as a response to Biden’s Operation Chokepoint 2.0, which sought to prevent crypto entities from accessing banking services.

Trump himself addressed the matter directly during the White House Digital Asset Summit, where he declared:

‘Under the Biden administration, regulators strong-armed banks into closing the accounts of crypto businesses and entrepreneurs […] and they weaponized the government against the entire industry. […] All of that will soon be over and we are ending Operation Chokepoint 2.0’.

The statement took place in the context of Trump announcing the formation of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.

The Connection to Obama’s Original Operation Chokepoint

Operation Chokepoint started in 2013 and ended in 2017 during Obama’s second term and was, and still is, characterized as controversial and unpopular among Republicans.

Obama’s initiative sought to pressure banks into banning targeted payday lenders and firearm dealers from their services, with notable figures like Dru Stevenson stating that the Department of Justice’s (DOJ) action was to make sure that: 

‘[…] banks were to be more scrupulous and dutiful in screening for fraud and money laundering when they serviced business customers.’

The measure also received criticism, including from the US House of Representatives in their May 29, 2014 report – Operation Chokepoint: Illegally Choking Off Legitimate Businesses?

Operation Chokepoint 2.0 faces similar criticism, with MARA CEO Fred Thiel painting the initiative as ‘violating free market principles’ and ‘setting a dangerous precedent for financial censorship’.

Coinbase’s CEO, Brian Armstrong, applauded Trump’s upcoming executive order, stating that this is ‘the most pro-crypto Congress we’ve ever seen’.

But what does this mean for the crypto market in general and projects like Best Wallet token in particular?

Why Trump’s Executive Order Could Trigger the Next Bull

Trump’s upcoming executive order is the latest in the White House’s string of pro-crypto policies.

Another comes in the form of the U.S.’s Strategic Bitcoin Reserve, which the president green-lighted on March 6, 2025.

The signs are clear: the new administration pushes the crypto market into a more regulated space, which is bound to attract investors and increase public interest.

This will most likely lead to increased adoption and create upward value pressure for the best altcoins and best presales today, like Best Wallet.

Are Projects Like Best Wallet Token About to Explode?

Best Wallet Token is one of the best presales that could benefit from the crypto integration into the fed payment system.

The $BEST token presale is gaining significant momentum, having already raised an impressive $11 million and counting. Currently priced at $0.0243, this early-stage opportunity is attracting a wave of investors eager to capitalize on its potential.

By participating in the presale, investors unlock a range of exclusive benefits, including:

• Dynamic staking: The staking reward currently sits at 145% and drops as stakers keep joining the pool. 
• Lower transaction fees: $BEST holders enjoy reduced transaction fees in the Best Wallet ecosystem.
• Community governance: Investors have the power to influence the project’s direction by voting on upcoming features.

$BEST airdrops are also available based on the number of points you hold. You can win points by participating in daily and seasonal quests, and the more points you accumulate, the higher the airdrop.

The token supports the Best Wallet ecosystem – a non-custodial platform that moves the wallet’s security and assets into the hands of the user.

Best Wallet currently supports thousands of coins and 60+ blockchains and aims to implement several useful features. 

The upcoming Best Card allows users to spend cryptocurrency for fiat-only transactions. The system makes the conversion automatically, allowing you to use the Best Card for retail operations worldwide.

Coinsult, a leading blockchain security firm, has conducted a thorough audit of Best Wallet and officially certified it as secure and reliable for investors. This independent verification reinforces Best Wallet’s commitment to safety, transparency, and trust in the crypto space.

Friendly reminder: this is not financial advice. Always DYOR (Do Your Own Research) before investing and remember that the crypto market is volatile and moody. There are no guarantees.

Is the Bull Ready to Charge?

The current crypto climate isn’t necessarily in the best state, following the infamous Bybit hack, which impacted not only Bybit’s reputation, but the market as a whole too.

This is set to change in light of recent events, something which Bitcoin advocate Samson Mow also predicts.

Trump’s Bitcoin Reserve highlights the White House’s trust in the crypto space.

‘Unfortunately, in recent years, the US government has foolishly sold tens of thousands of additional Bitcoins that were worth billions and billions of dollars had they not sold them. […] Not a good thing to have done,’ concluded Trump during the White House Digital Assets Summit.

Statements like these mark a shift in the U.S.’s stance on Bitcoin which could trigger a butterfly effect that would revitalize the entire crypto-sphere.

As always, DYOR, stay informed about market risks, and invest only what you can afford to lose — crypto is a highly volatile investment with inherent risks.

Acting SEC Chairman Mark Uyeda announced on March 10 that the regulatory body is working on abandoning a potentially horrendous rule that would require crypto firms to register as exchanges.

The said rule would’ve broadened the spectrum of what could be considered an ‘alternative trading system,’ including some crypto firms.

The proposal drew massive criticism from the crypto industry when it was announced in 2022. That’s because it would have jacked up regulatory oversight and pestered crypto firms with restrictive rules.

During his speech, Uyeda highlighted how the former SEC Chair Gary Gensler took a ‘very different direction’ by unnecessarily applying guidance that was meant for the US Treasury market participants to crypto.

“In my view, it was a mistake for the commission to link together regulation of the Treasury markets with a heavy-handed attempt to tamp down the crypto market.” – Mark Uyeda

What This Means for Crypto

Currently, only a few crypto exchanges (like Coinbase and Binance.US) can operate in the US due to the local regulations.

If the SEC abandons these regulations, the country would open its borders for huge crypto adoption from users, many of whom were using VPNs to access foreign exchanges.

More exchanges operating in the country would result in an influx of retail investors engaging with crypto above the board. This will then skyrocket crypto’s demand, bumping asset prices.

If you want to be on the receiving end of crypto’s upcoming rally, here are the best altcoins you should consider including in your portfolio.

1. BTC Bull Token ($BTCBULL) – Best Altcoin to Benefit from Bitcoin’s Price Appreciation

Even though Bitcoin’s current price movements don’t reflect it, there’s no debating the crypto’s underlying potential.

With Trump announcing a strategic Bitcoin reserve and various countries scampering to follow suit, as well as the slew of policy changes set to boost overall crypto adoption, the granddaddy of all cryptocurrencies is undoubtedly poised for massive growth.

BTC Bull Token offers a low-cost way of positioning yourself behind Bitcoin’s upcoming rallies. As the first-ever Bitcoin-inspired meme coin, this unique crypto project will distribute free $BTC to token holders.

These $BTC giveaways will take place every time Bitcoin surges past a new landmark number, such as $150K, $200K, and $250K.

Because it’s directly linked to Bitcoin’s growth, experts believe BTC Bull Token is one of the top contenders for the next crypto to explode.

The developers have more tricks up their sleeves, though. In addition to burning a part of the token supply at regular intervals, they also plan to spend a huge chunk of the total funding to ensure $BTCBULL continues to enjoy market hype.

Luckily for you, BTC Bull Token is still in presale ($3.4M+ raised), meaning tokens are available at some of their lowest prices ever. Currently, it’s just $0.002405 each.

2. Meme Index ($MEMEX) – Top Altcoin Redefining Memecoin Investing

We’ve all come across the good old financial advice of investing in index funds. After all, they’re one of the least risky ways to beat inflation and generate handsome returns.

Meme Index ($MEMEX) brings the concept of index funds to the memecoin market. The first-ever to do it.

$MEMEX offers four different baskets of meme coins, each with a different degree of risk, volatility, and upside potential. This will allow investors to:

• Diversify their investment across multiple tokens without any hassle.
• Invest in a way that aligns with their risk appetite.

Meme Index is particularly encouraging for traditional/cautious investors, who consider meme coins high risk and wouldn’t typically dip their toes into them. Not every investor wants to hit a home run or get out trying to do so.

Thanks to its unique approach to memecoin investing, Meme Index could result in an influx of new investors into the meme coin market.

Combined with an impressive 573% staking rewards and close to $4M in its presale purse already, $MEMEX is easily one of the best crypto presales going around.

One $MEMEX is currently available for a low price of $0.0166883. Here’s how to buy it.

3. Litecoin ($LTC) – Payments-Focused Crypto Ripe for an Upmove

Litecoin’s current market position isn’t very different from Bitcoin’s. It, too, has a lot of positives going for it on the fundamental side of things – only that the technical side (i.e., the actual price of the token) is yet to catch up.

For instance, large crypto investors (or whales) recently bought over $43M worth of $LTC. This is a clear sign of increased institutional interest in the token, which is one of the biggest reasons experts are predicting it to rally upwards.

Even though $LTC’s price has been on a downtrend recently, it’s important to note that large accumulations generally occur at the bottom.

This means Litecoin is currently available at a hefty discount. It’s priced at $88.04 at the time of writing.

Bottom Line – DYOR

The SEC’s latest pro-crypto measure to remove restrictive exchange guidelines can undeniably push crypto to new highs. But it won’t change the way you should manage your crypto investments, which is smartly and patiently.

Always do your own research before investing and only put in an amount you’re comfortable losing.

Also, this article isn’t a substitute for financial advice from a professional. If you’re unsure about your approach in the markets, consider consulting a certified advisor.

Time to Make Stablecoins Great Again – unless you’re Tether.

The world’s largest stablecoin, with a $120B market cap, looks like it could be left hanging after the US Senate moved to introduce the GENIUS stablecoin bill.

The bill focuses heavily on improving protections for US consumers, and edges the playing field for US-domiciled stablecoin issuers like Ripple (stablecoin: $RLUSD) and Circle (stablecoin: $USDC).

But Tether is currently based in El Salvador. So what does the bill mean for USDT – and the pile of $BTC and other cryptos Tether uses to support its industry-leading stablecoin?

Time to dig into the details of the Crypto President’s latest push – and why crypto presales like Meme Index might give investors an advantage amid a rapidly-changing crypto economy.

GENIUS Bill: ‘America First’ for Stablecoins?

The GENIUS Act gives preference to US-based stablecoins and has been met with mixed reviews, both positive and negative.

Negatively, the bill proposes to bring stablecoins firmly under the oversight of the Federal Reserve:

For issuers of more than $10 billion of stablecoins, it applies the Federal Reserve’s regulatory framework to depository institutions and the Office of the Controller of the Currency’s framework for non-bank issuers.

For crypto purists, this goes against the decentralized nature of cryptocurrencies, but it should clear up some jurisdiction issues, at least.

On the positive side, the bill ‘secures stablecoin issuers’ ability to choose between state and national charters,’ providing two possible frameworks, at least for stablecoins with a total market cap under $10B.

That possibility dramatically increases the power of US state authorities to regulate smaller stablecoins largely independently. The bill even includes a waiver process that would allow larger stablecoin issuers, or stablecoins that grow beyond the $10B threshold to remain under state control.

Is an era of US state-back stablecoins about to emerge? Is anyone up for some California USD – $CAUSD, perhaps?

Can USDT Adjust to Changing Rules?

Reporting on the initial framework included mention of a JP Morgan analysis, which concluded that Tether might be forced to sell some of its assets to include more GENIUS-compliant assets, including US Treasury bills, to fully back its $USDT tokens.

Tether downplayed the problem on social media, calling JP Morgan ‘salty’ that it didn’t buy $BTC cheap. Tether currently holds over 94K $BTC valued at $7.6B, per Arkham Intelligence.

Tether’s own reports on its Q4 2024 performance note that the company already holds over $94.4B in US treasuries, either directly or indirectly.

Only a week ago, Tether finally announced the appointment of Simon McWilliams as CFO with the remit to undertake a full audit of the company. It’s a move the company had previously neglected to take.

There’s also a distinct element of control in the GENIUS draft. The bill would require stablecoin issuers to be able to control payments in their own stablecoins, including stopping them if required (better interpreted as ‘if ordered’), and to identify accounts and account holders.

Or put a different way, by setting up both federal and state charters, the bill gives each set of US authorities the power, even the requirement, to control stablecoins as digital assets within their jurisdiction.

Meme Index: Adjust Your Memecoin Investment Strategy

The memecoin market remains popular, with a $45B market cap, and investors are constantly searching for the newest and best meme coins to buy.

But navigating a market with thousands of tokens, where new coins come and go each day, is a challenge for all but the most dedicated traders.

Meme Index provides a solution to the same problem Tether faces; adjusting to changing markets and regulations on the fly.

$MEMEX holders can allocate their tokens to one of four different memecoin indexes – Meme Frenzy, Meme Midcap, Meme Moonshot, and Meme Titan. Each index is tailored to a different level of risk and volatility, letting you adapt your investment strategy in light of market changes.

As token holders, investors can also vote on the exact token profile of each index. The presale has already raised over $3.9M, and $MEMEX tokens are currently priced at $0.0166883. Learn how to buy $MEMEX here, the perfect crypto presale for a rapidly-changing crypto economy – without the US government watching your every move.

Do your own research, of course; none of this is financial advice, and the crypto market is always volatile. But don’t underestimate the power of Meme Index to adjust your portfolio as the market moves.

The Bitcoin market has been shaken by a substantial correction, dipping to a low of $76,589 before regaining ground above $80,000 at press time. Even with the recovery, the price remains down 27% from the all-time high of $109,900 reached on January 20. Several high-profile crypto experts have shared their perspectives on the sudden downturn, comparing the current backdrop to the notable price retracements seen in Bitcoin’s history.

Bitcoin Pullback Feels Similar To 2017

Bill Barhydt, founder and CEO of Abra—a global platform for digital asset prime services and wealth management—took to social media to highlight the cyclical nature of Bitcoin corrections. Writing on X, Barhydt stated: “Ya’ll never change. Bitcoin is now experiencing its 11th 25%+ correction in ten years and every time everyone reacts like the sky is falling and every time everyone screams that it’s different this time. This pullback looks, smells and feels 100% just like 2017 to me. Rising fiat liquidity leading to massive asset price gains.”

Barhydt underscored the possibility that supportive monetary and fiscal policies could continue to fuel capital flows into risk assets, noting the US administration has decided to lower treasury rates to refinance debt, lower mortgage rates to unlock the housing and CRE markets and lower treasury rates to save banks from their collective insolvency.

“China is in a deep recession and needs lower US rates to support its own money printing regime. And print they will. We’re likely going to see massive job cuts via government cuts, tech cuts and housing related cuts. At the same time ISM will likely rise for the next several months. All of this tells us liquidity will continue to flow and the markets will do what they always do in this type of cycle. That liquidity will flow into stocks, Bitcoin, crypto and real estate. Once again… buckle up,” Barhydt predicts.

Meanwhile, Cathie Woods, CEO of ARK Invest, struck a similar chord. In her post on X, Woods suggested that market participants may be discounting the concluding phase of a “rolling recession.” She indicated that, in her view, such an environment could create leeway for both the Trump Administration and the Federal Reserve:

“In our view, the market today is discounting the last leg of a rolling recession, which will give the Trump Administration and the Powell Fed many more degrees of freedom than investors expect, setting up the US economy for a deflationary boom in the second half of this year.”

Woods’ analysis aligns with Barhydt’s in expecting policymakers to make use of considerable liquidity levers that, in turn, could boost risk-on assets—including Bitcoin.

Amid the optimistic forecasts, some industry voices remain cautious. Charles Edwards, founder of Capriole Investments, pointed to traditional market indicators such as the S&P 500 and credit spreads as significant gauges for determining whether this is a transient dip or the start of a more entrenched trend.

He posted: “SP500 is crashing. Is this a dip opportunity or the start of something bigger? Sentiment metrics are at extremes which suggest an opportunity, but a number of other metrics are at key inflection points. Importantly, credit spreads and Junk/Treasuries are at key inflection points. When the big dog money moves out of risk to treasuries, you do not want to be exposed. TL;DR: we don’t want Credit Spreads to rally from here.”

Edwards added a note on market dynamics, warning that: “It simply means the market is allocating more to risk-off assets. Markets tend to trend, especially bond markets, so this level would mark the potential start of a new risk-off trend (pending policy action to intervene). Add on the fear/reflexivity dynamic and you tend to see this (and many other) metrics move in waves as panic/fomo sets in.”

At press time, BTC traded at $80,631.

In a significant development for the crypto market in the United States, acting Securities and Exchange Commission (SEC) Chair Mark Uyeda announced plans to revise a controversial proposal requiring digital asset exchanges to register under alternative trading system (ATS) rules. 

Uyeda Critiques Regulatory Approach To Crypto Exchanges

Initially introduced in 2022, the proposal sought to broaden the definition of an “exchange” to close a “regulatory gap” concerning various trading platforms. However, it faced substantial pushback from the industry, particularly from major players like Coinbase, who argued that the regulations would severely restrict their operations.

In remarks made at the Institute of International Bankers conference in Washington, Uyeda expressed his view that the SEC had made a misstep by equating the regulation of Treasury markets with attempts to impose stringent oversight on the burgeoning crypto market. 

The acting SEC chair emphasized the need to refocus the proposal on its original intent, which aimed to include proprietary trading firms that actively trade US Treasuries, thereby ensuring they are subject to the same regulatory standards as banks and other financial institutions.

Uyeda highlighted a critical point regarding alternative trading systems: while they are pivotal in facilitating trades for securities—including US Treasuries—they are not currently held to the same rigorous transparency and investor protection standards as other trading platforms, therefore raising concerns about market integrity and investor safeguards, particularly in the context of complex financial instruments.

President Trump’s Tariff Policies Spark Fears Of Recession

As the regulator considers how to recalibrate the proposed rule, market participants are left in suspense regarding the timeline for any potential re-proposal or final rule vote. 

Major regulatory changes typically unfold over several months, and the process may be further delayed until pro-crypto Paul Atkins, nominated by President Donald Trump to lead the US Securities and Exchange Commission, is confirmed by the Senate.

The timing of these discussions comes amid a challenging period for prices and the broader market. Bitcoin recently fell below $79,000, continuing a downward trend that saw it decline nearly 3% in a single day. Over the past five days, Bitcoin’s value has plummeted more than 13%. 

Other crypto assets, including Ethereum (ETH) and XRP, have also experienced significant drops, with Ethereum down about 5% and XRP falling approximately 4%. Solana (SOL) and Cardano (ADA) reported declines of nearly 8% and 7%, respectively, with ADA’s five-day decrease approaching 31%.

These fluctuations in crypto values are closely tied to broader economic concerns, including fears of a looming recession fueled by President Trump’s aggressive tariff policies targeting Canada, Mexico, and China. 

Business groups have raised alarms that these import taxes will adversely affect various industries and consumers, exacerbating economic uncertainty.

Featured image from DALL-E, chart from TradingView.com 

Michael Saylor’s MicroStrategy plans to raise $21B for additional Bitcoin ($BTC) purchases through the At The Market (ATM) Program.

Specifically, MicroStrategy will sell $21B worth of 8% Series A perpetual strike preferred stock – shares that pay an 8% dividend, have a $0.001 par value, and are convertible into MicroStrategy’s Class A common stock without a maturity date.

MicroStrategy notes it won’t flood the market with all shares at once but will time sales strategically based on market conditions, trading prices, and volumes.

The company now holds almost 500K $BTC worth $40B at the current price, more than the US, China, and the UK combined (200K, 194K, and 61K $BTC, respectively).

Due to its $BTC-first approach, MicroStrategy’s stock price has become directly correlated with $BTC’s price. MSTR dipped 16.68% today, hitting a low of $232 for the first time since April 2024 on the back of $BTC’s plunge to $76K.

The crypto market is in ‘extreme fear’ – a sentiment score that hasn’t been seen since the 2022 FTX collapse. However, Saylor is bullish on $BTC as he hinted the current dip is a buying opportunity in a March 9 tweet.

This scale of planned investment signals to other institutions that crypto has matured as an asset class. Besides, Saylor is effectively creating a massive, persistent bid in the market as he plans to deploy the ATM Program gradually.

However, many disagree with Saylor on his $BTC-only mantra. Altcoins with strong utility and community incentives could offer even more upside over the long run due to their low current valuation.

1. BTC Bull Token ($BTCBULL) – Regular Airdrops to Celebrate $BTC’s New ATHs

Similar to MSTR, BTC Bull Token ($BTCULL) tied its value to that of $BTC. It does so by introducing $BTC airdrops to celebrate the King Crypto’s new heights (150K and 200K).

Another massive airdrop will happen when $BTC reaches $250K – the project will distribute 10% of the total $BTCULL supply to its most loyal holders. To receive the airdrop, you must hold $BTCBULL in Best Wallet.

To maintain an upward price trajectory, BTC Bull will employ regular token burns at $BTC’s $125K, $175K, and $225K price milestones.

The token presale had an impressive early momentum with $1M raised in two days. The next fundraising target is $4M – when BTC Bull reaches it, the token price will increase, so take the bull by the horns if you want to buy $BTCBULL at $0.002405.

2. Best Wallet Token ($BEST) – Governance Rights and Exclusive Perks Within the Best Wallet Ecosystem

Best Wallet is a non-custodial, mobile-first storage solution that aims to capture a substantial 40% of the crypto wallet market by 2026.

To achieve this ambitious goal, Best Wallet has many exciting updates in the pipeline, including a crypto debit card, support for 60+ blockchains, and rewards hub. On top of this, Best Wallet is the only app that gives direct access to promising crypto presales.

Best Wallet Token ($BEST) is the cornerstone of Best Wallet’s strategy. Its holders gain governance rights and perks like higher APYs in the wallet’s staking aggregator.

The $BEST presale raised almost $11M in funding. The token price will increase tomorrow, so now is the last chance to secure your share of $BEST at $0.0243 and stake it at 145% APY before it hits exchanges, where it could potentially reach $0.072.

3. Story ($IP) – Blockchain Meets Intellectual Property Management

Story Protocol is a new Layer-1 blockchain that focuses on intellectual property (IP) management using AI. Essentially, Story’s Programmable IP concept helps to register, license, and monetize music, art, movies, and other creations.

The blockchain’s native token, $IP, hit exchanges on February 13, 2025 and quickly amassed a $2B market cap, now ranking #54 among all cryptocurrencies.

$IP is a transaction fee and governance token, so demand for it should remain high as long as there’s demand for Story services.

After hitting an all-time high of $7.33 on February 26, $IP pulled back to $5.43. This price may present an appealing entry opportunity for new investors, given that the project is still young and hasn’t yet reached its full potential.

Best Crypto to Buy to Offset $BTC’s Losses

While Saylor’s MicroStrategy continues its aggressive $BTC accumulation, smart investors are diversifying across the broader crypto market, and in the best crypto to buy.

Best altcoins like $BTCBULL, $BEST, and $IP offer a lower entry point into their respective ecosystems, each with its unique focus and inventive structure. Whether $BTC recovers soon or enters a prolonged correction, these projects help to navigate the ‘extreme fear’ environment.

However, remember that no gains are guaranteed. Always DYOR and only invest as much as your piggy bank allows.

Data shows the cryptocurrency derivatives market has witnessed a mass liquidation event as Bitcoin and other digital assets have plunged.

Crypto Liquidations Have Exceeded $680 Million In Last 24 Hours

According to data from CoinGlass, a large amount of liquidations have occurred on the derivatives platforms during the past day. “Liquidation” here refers to the forceful closure that any open contract has to go through after it has amassed losses of a certain degree (the exact value of which may depend on the exchange).

Here is a table that shows the numbers related to the latest cryptocurrency liquidations:

As is visible above, around $685 million in contracts have ended up finding liquidation during the last 24 hours. Out of these, $519 million of the positions were long ones, equivalent to just under 76% of the total.

The reason behind the dominance of long liquidations is naturally that Bitcoin and other assets have observed a drawdown in this window. Though, $166 million in shorts still managed to get caught up in the flush as a result of the fact that the crash has been bumpy, rather than straight down.

In terms of the contribution to the event by the various symbols, BTC has occupied the largest share at $278 million, as the below heatmap displays.

Interestingly, Ethereum (ETH), the second largest cryptocurrency, has seen less than half as many liquidations as BTC, which means speculative activity has been more heavy around the original digital asset as compared to the altcoins recently.

An event like today’s where a mass amount of liquidations take place at once is popularly known as a squeeze. Since the latest event involved the longs more heavily, it would be called a long squeeze.

A squeeze is more probable to occur when the market is overleveraged. An indicator that can be useful to track for potential overheated conditions is the Open Interest, which measures the total amount of positions (in USD) related to a given asset that are open on all derivatives exchanges.

Below is a chart that shows the trend in the Open Interest for Bitcoin over the last few months.

From the graph, it’s apparent that the Bitcoin Open Interest has been following a downward trajectory for a while now and the latest long squeeze only furthered this drawdown. Thus, it appears speculative activity in the market is constantly going down.

This development may be positive for the cryptocurrency, as a cooler derivatives market means less chances of chaos that comes with a squeeze.

BTC Price

At the time of writing, Bitcoin is trading around $79,400, down over 6% over the last week.

According to an X post by crypto trader Merlijn The Trader, Bitcoin (BTC) is following the ‘megaphone pattern’, positioning the top cryptocurrency for potential upside momentum. However, BTC must stay above the $72,000 price level for the pattern to play out.

Bitcoin Following Megaphone Pattern – Time To Buy?

Earlier today, BTC tumbled below the critical $80,000 price level, hitting a low of $78,390 on the Binance cryptocurrency exchange. At the time of writing, the flagship digital asset has a total market cap of $1.57 trillion.

Despite the recent slump, crypto analysts remain confident in BTC’s long-term bullish outlook. Sharing a monthly trading chart, Merlijn The Trader highlighted that Bitcoin is following the broadening wedge, also known as the megaphone pattern.

For the uninitiated, the megaphone pattern, or broadening wedge, is a technical chart formation where Bitcoin’s price exhibits higher highs and lower lows, creating an expanding shape. This pattern signals increasing volatility and market indecision, typically preceding a strong breakout or breakdown.

While there is a risk of BTC breaking down from its current range, historical trends suggest that the digital asset is likely to break out to a higher price range. The chart shows how BTC has historically broken to the upside – highlighted in green – from previous market cycle tops, successfully re-tested the breakout, and then entered a parabolic phase.

The chart also highlights that market cycle tops have typically coincided with an MVRV Z-Score trendline. Currently, the MVRV Z-Score is well below the red trendline, suggesting that BTC may still have room to rise before any significant correction.

To explain, the MVRV Z Score for Bitcoin is a metric that compares the market value of BTC to its realized value, helping to identify overbought or oversold conditions. A high MVRV Z-score suggests Bitcoin may be overvalued, while a low score indicates it could be undervalued.

According to the chart, BTC’s current MVRV Z-Score is around 2. In the last three market cycles, this score has typically topped slightly above 4.

BTC Remains In Volatile Territory

Despite US President Donald Trump following through on his promises of creating a favorable regulatory environment for cryptocurrencies and establishing a Strategic Bitcoin Reserve (SBR), the digital asset’s price has failed to reflect the positive developments.

Experts believe that escalating tariff tensions and the possibility of a potential economic recession may be negatively affecting BTC’s price action. Coinbase analysts attribute BTC’s recent slump to the “absence of positive catalysts.”

Further, crypto analyst Ali Martinez recently remarked that BTC may face further downside to $75,000 before it finds relief from the ongoing price correction. At press time, BTC trades at $78,500, down 4.5% in the past 24 hours.

Utah’s State Senate has exited the Strategic Bitcoin Reserve (SBR) race after amending the proposed bill allowing the state treasury to invest in digital assets. The amended legislation is now headed to Utah Governor Spencer Cox’s desk to be signed into law.

Utah Passes Bitcoin Bill Without Key Clause

On March 7, Utah’s senate passed House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments.” However, the state lawmakers amended the legislation to scrap the clause allowing the state to invest in digital assets.

The legislation initially authorized the state treasurer to invest up to 5% of certain public reserve funds in “qualifying digital assets” and established requirements for their custody and management.

To be considered for investment, a digital asset must have maintained a market capitalization of more than $500 billion over the past 12 months and not be a stablecoin. Bitcoin was the only cryptocurrency that met these requirements.

Utah Representative Jordan Teuscher introduced HB230 on January 21 and passed the House of Representatives vote 8-1 before proceeding to the Senate’s first reading. The bill passed the Senate Revenue and Taxation Committee reading on February 20 in a 4-2-1 vote and moved to the second and third reading in the full Senate.

After passing the second reading, the Senate dropped the Reserve clause on its third reading over “a lot of concern with those provisions and the early adoption of these types of policies,” stated Senator Kirk A. Cullimore on the March 7 floor session.

Without the Bitcoin reserve clause, the bill only establishes basic custody protections for Utahns. It also provides the right to mine Bitcoin, run a node, develop software, and participate in staking without regulatory overreach.

According to Bitcoin Laws, “This bill establishes a comprehensive framework for digital asset regulation and blockchain technology in Utah, providing clear definitions and protections for individuals and businesses engaging with digital assets. (…) It prohibits state and local governmental entities from restricting a person’s ability to accept digital assets as payment or use self-hosted or hardware wallets.”

The bill is now headed to Utah Governor Spencer Cox’s desk to be signed into law after passing the Senate with a 19-7-3 vote.

US Strategic BTC Reserve Race Continues

Despite Utah’s Bitcoin Reserve outcome, other US states remain in the race to become the first state to establish an SBR. Bitcoin Laws data shows Arizona has two BTC reserve bills awaiting a final floor vote in the Senate.

Similarly, the Texas Strategic Bitcoin Reserve legislation, introduced in January, passed the Senate committee at the end of February and awaits its final vote. New Hampshire and Oklahoma have also advanced their proposals for an SBR at a state level.

Meanwhile, bills from Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Mexico, North Dakota, Ohio, and other states remain live but are at the early stages of the legislative process.

It’s worth noting that US President Donald Trump recently signed an executive order to officially establish a Strategic Bitcoin Reserve and a “Digital Asset Stockpile.” Last Thursday, White House AI & Crypto Czar David Sacks announced that the reserve will be “capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.”

The executive order followed President Trump’s Mach 2 announcement of a “US Crypto Reserve” to elevate the industry “after years of corrupt attacks by the Biden Administration.”