Key facts: Cardano Faces Market Pressure; Governance Approves Budget Actions TradingView — Track All Markets
Source link ]]>
Despite Dogecoin’s 17% drop, LTCCloudMining users have earned up to $5100 in daily profits, with institutional investors’ actions boosting investor confidence. Fingerlakes1.com
Source link ]]>
Cardano Shares ICC Vote Results on Key Governance Actions TradingView
Source link ]]>
Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory. However, XRP managed to pump roughly 1%, preventing further downside momentum. Besides, even the meme coins sector mirrored a slumping movement.
Let’s take a closer look at some of the most trending coins for the day and the latest market updates that have impacted prices.
Crypto Prices Today: ‘Market Blues’ This Week As BTC & Alts Mainly Down
Despite Donald Trump announcing a pause on new tariffs for Mexico and Canada, the crypto market is yet to recover from its slump. Some traders and investors are even bearish over future movements, as the tariffs pause is only for 30 days. Given that the market fails to recover by March’s beginning, another wave of volatility could kick in as the new tariffs are to resume. Meanwhile, this week has been alarming for the broader cryptocurrency sector as a whole.
BTC Price Hits $95K Low
BTC price dipped nearly 1% in the past 24 hours and is currently trading at $96,663. However, it’s noteworthy that the flagship coin’s intraday low and high levels were $95K and $100K, respectively. Nevertheless, Bitcoin’s dominance stayed up by 0.09%, reaching 60.94%.
Meanwhile, in the latest developments surrounding this crypto, the U.S. state of Maryland has recently unveiled a legislative proposal to establish a Bitcoin reserve fund for the state.
Bitcoin saw liquidations worth $73.02 million in the past 24 hours, per Coinglass data.
Ethereum Price Slips
ETH price dropped nearly 3% in the past 24 hours and is currently trading at $2,643. The coin’s intraday low and high were $2,564.97 and $2,798.03, respectively. Notably, the current waning movement falls in line with the broader market trend.
In the latest developments surrounding the crypto, the U.S. SEC has delayed its decision on BlackRock’s Ethereum ETF options trading proposal. ETH recorded liquidations worth $64.83 million in the past 24 hours.
XRP Price Jumps
However, XRP price jumped slightly over 1% intraday and is currently trading at $2.38. The coin’s 24-hour bottom and high were $2.28 and $2.53, respectively.
Ripple’s coin soars alongside positive news for the community as a new XRP DR (Depository Receipt) product is set to go live in the U.S.
Solana Price Fluxes
SOL price witnessed a rollercoaster ride in the past 24 hours, trading at $193 as of press time, down marginally by 0.1%. The coin’s 24-hour bottom and peak were $188.48 and $203.15, respectively. Notably, Solana recorded liquidations worth $11.26 million in the past 24 hours.
Meme Crypto Prices Today
Dogecoin (DOGE) saw a 2% drop in value and is currently trading at $0.247. Simultaneously, even PEPE and TRUMP prices tanked 3-5%, reaching $0.000009089 and $16.46, respectively. However, Shiba Inu (SHIB) price witnessed a nearly 1% jump in value to $0.00001517.
Top Crypto Gainers Prices Today
Flare (FLR)
Price: $0.02196
24-hour Gains: +9%
Onyxcoin (XCN)
Price: $0.0279
24-hour Gains: +6.5%
Maker (MKR)
Price: $948.28
24-hour Gains: +5%
Top Crypto Loser Prices Today
Berachain (BERA)
Price: $6.86
24-Hour Loss: -15%
Movement (MOVE)
Price: $0.5412
24-Hour Loss: -12%
LidoDAO (LDO)
Price: $1.54
24-Hour Loss: -10%
The broader market trends remain poised to significantly impact prices ahead. Apart from Donald Trump’s tariffs resuming in 30 days, another aspect has caused volatility. Renowned crypto analyst Ali Martinez revealed that over $15 billion in tokens were unlocked last month. Moreover, another $3 billion is set for this month, whereas the following month will see $9 billion between March & April. This phenomenon could further present altcoins’ prices with volatility.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Anthony Pompliano, a prominent Bitcoin advocate and investor, has proposed three strategic measures for President-elect Donald Trump to accelerate Bitcoin adoption in the United States. In a video, Pompliano outlined actionable steps to position Trump as a leader in the digital currency revolution.
Anthony Pompliano Proposes Repealing SAB 12
In a recent video on X, Anthony Pompliano’s first recommendation was to repeal Staff Accounting Bulletin No. 121 (SAB 121). This regulation currently limits banks from holding digital assets, requiring them to classify these holdings as liabilities. Pompliano argues that removing this barrier would allow banks to hold Bitcoin on behalf of their customers. This would foster institutional demand for cryptocurrency.
According to Anthony Pompliano, enabling financial institutions to incorporate Bitcoin into their balance sheets could create a more robust ecosystem for the digital asset. This change could also provide U.S. banks with a competitive edge in the growing global cryptocurrency market.
It is important to note that Bitwise Chief Investment Officer also shared insights on trends in corporate BTC adoption under Trump’s pro-crypto policies. He emphasized MicroStrategy’s aggressive Bitcoin strategy, new FASB rules enabling firms to record price gains,
Creating a Strategic Bitcoin Reserve for National Growth
Another action proposed by Anthony Pompliano was to establish a national Bitcoin reserve. He highlighted that the U.S. government already possesses approximately 200,000 Bitcoin, which could serve as a foundation for building such a reserve.
Anthony Pompliano suggested that increasing the government’s Bitcoin holdings, rather than liquidating them, would be a prudent move. He emphasized that Bitcoin’s growing utility as a store of value and hedge against inflation could benefit the economy in the long term.
The Bitcoin advocate added,
“If Bitcoin is good for individuals or corporations, it’s going to be good for the country, too.”
The growing Bitcoin prices and adoption have led to major corporate moves and acceptance. In a recent report, Genius Group approved a $33M rights offering to expand its Bitcoin Treasury to $86M. The offering allows shareholders to purchase shares at $0.50, with CEO Roger Hamilton planning to increase his stake by 10.3%.
Tax Code Reforms Under Donald Trump
Pompliano also urged Donald Trump to introduce tax reforms that would change how Bitcoin is treated under existing laws. Currently, Bitcoin is classified as property, meaning transactions involving the cryptocurrency are subject to capital gains tax.
This classification creates complexities for consumers and businesses seeking to use Bitcoin for everyday transactions. Pompliano proposed adjustments to the tax code to eliminate these barriers.
Moreover, Anthony Pompliano concluded his recommendations stressing that these measures will propel the United States to the forefront of the digital currency revolution.
Meanwhile, other countries like El Salvador have already integrated Bitcoin into their national strategies. This has inspired jurisdictions like Bhutan’s Gelephu Mindfulness City (GMC). GMC plans to hold Bitcoin, Ethereum, and BNB in its strategic reserves, focusing on digital assets with large market capitalizations and liquidity.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin Suffers Significant Decline Following SEC Legal Actions Bitcoinsensus
Source link ]]>
Sparklo (SPRK) Shines as Wrapped Bitcoin (WBTC) and Cardano (ADA) Experience Positive Price Actions Analytics Insight
Source link ]]>
Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory CryptoSlate
Source link ]]>
Cardano’s Hoskinson says SEC actions lend weight to Ripple lawsuit conspiracy theory CryptoSlate
Source link ]]>
Shibarium Launch May Be Delayed Again, Shiba Inu (SHIB) Developer’s Actions Show U.Today
Source link ]]>
✓ Share: