The post Bitcoin Manipulation Could End Soon—Here’s When the BTC Price May Begin to Expand appeared first on Coinpedia Fintech News Ever since Donald Trump won the presidential election, the Bitcoin price and the entire crypto market have been heavily influenced by external factors. The markets rallied, buoyed by positive news from the White House, while plummeting sharply due to stringent steps taken in trade with other countries. Meanwhile, the ongoing manipulation phase has happened previously in the past, which has resulted in a massive explosion. Hence, the BTC price appears to have reached the edge, which could elevate the levels towards a new ATH soon. The BTC price has been trading within a narrow range, suggesting the bulls could be accumulating strength before the next price action. With a rise above $90,000, the price has seen a momental shift and is expected to trigger a strong bullish trend if it rises above the pivot. Currently, Bitcoin has entered one of the most important ranges ahead of the White House Crypto Summit. Hence, the revelation about the Crypto Statergic Reserve is expected to kick off a strong rally, probably above the psychological barrier at $94,200 initially and later close to $99,000. The Bitcoin price has remained stuck within a defined price range between the 200-day & 50-day MA, which are acting as strong support and resistance at the moment. Although the price rebounded from the support, the bullish validation has yet to occur, which could take some more time. The BMSB is about to flip to bullish as the levels are heading towards a bullish crossover. However, the RSI remains stuck below the descending trend line, which has been a strong resistance from long. A rise above the line may only validate a change in the trend, and until then, the token may remain consolidated below $93,300. The next few days are expected to be highly volatile as the upcoming Crypto Summit is hosted by the U.S. President, Donald Trump. Almost all the crypto personalities, including the founders & CEOs of Ripple, Cardano, Ethereum, etc., and many more, are expected to be part of it. Moreover, the president is expected to reveal a Bitcoin Statergic Reserve, which is expected to increase the market volatility. On the other hand, Trump’s World Liberty Financial bought $10 million worth of BTC, ETH, & MOVE, which raises the possibility of a breakout. Therefore, the Bitcoin price is expected to receive yet another bullish boost soon after the summit that may elevate the levels above the bearish influence.
Uniswap’s controversial launch of Unichain, its Layer-2 platform, has ignited concerns about governance and the impact on UNI holders. This move has raised eyebrows as critics argue it favors Uniswap
Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Related Reading: Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20 Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge in the past day, recovering from this week’s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness a 300% breakout soon as the cryptocurrency appears to be forming a bullish pattern. After the November 2024 breakout, XLM started to form a bullish flag, with the 600% post-US election rally forming the pattern’s flagpole. Since then, Stellar has been consolidating between the $0.63 and $0.25 price range, forming the pattern’s flag. Since hitting its 3-year high in December, XLM has seen a 52% price decrease, failing to break above its downtrend line. During the February market retraces, the cryptocurrency retraced nearly 40% from its monthly opening, hitting its lowest price action since November. Over the weekend, Stellar followed the rest of the crypto market, fueled by US President Donald Trump’s announcement of a US Crypto Strategic Reserve comprised of “made in the USA” cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL). XLM surged around 25% from the range’s lower levels to $0.37, retesting the $0.35 key resistance. The $0.32-$0-35 range has been a key zone for the cryptocurrency since the Q4 2024 breakout, serving as a crucial support level until turning into resistance in February. As the analyst pointed out, “A sustained break above the $0.42 resistance could trigger a bull run to $1.60.” Nonetheless, the cryptocurrency’s recent performance has failed to reclaim a key level in the mid-zone of its 3-month price range. XLM Following 2017’s Playbook? XLM failed to hold the $0.35 level amid the Monday market dump, retracing 20% and erasing the Sunday gains. Breaking above this resistance could send Stellar’s price to the bull flag’s upper range while failing to reclaim it could send the price to the pattern’s lower range between $0.20 and $0.23. On Tuesday, the cryptocurrency continued bleeding and retested its recent lows as support. XLM bounced from $0.27 above the $0.30 level on Wednesday morning, attempting to reclaim it. Technical Analyst Charting Guy highlighted that XLM’s Relative Strength Index (RSI) recently broke out of a 96-day downtrend “while price consolidated in the golden pocket with time capitulation getting to people.” Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move He also noted that XLM’s bull flag “coincidentally targets” the 1.272 Fibonacci level at around $2.46. After its recent performance, the cryptocurrency appears to be following its 2017 pattern, which adds “more confluence to 1.272 fib target,” he explained. In Q4 2017, Stellar saw a similar price breakout, followed by a consolidation period within a bullish flag. XLM then broke out of this pattern and rose over 190% to ATH in early 2018. To the analyst, “Once we break above the top of the golden pocket, it’s game on.” At the time of writing, Stellar trades at $0.30, a 2.4% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson Asiama, the governor of the Bank of Ghana (BOG), stated
South Korea's ongoing deliberations over Bitcoin exchange-traded funds (ETFs) and the renewed movement of Bitcoin from Mt. Gox-linked wallets highlight the evolving regulatory and market dynamics within the cryptocurrency sector. While South Korean authorities are closely monitoring Japan’s stance on crypto ETFs as they weigh potential approval, the defunct exchange Mt. Gox has transferred 12,000 BTC amid a week of market volatility. South Korea Moves Closer to Decision on Bitcoin ETFs Amid Changing Global Stance on Crypto Regulation South Korea is edging closer to making a decision on the approval of Bitcoin exchange-traded funds (ETFs), with the nation’s regulators closely monitoring developments in Japan. According to a report from Maeil Business Newspaper (MK), South Korean authorities are studying Japan’s evolving stance on digital assets as they deliberate on the potential introduction of Bitcoin ETFs in the country. The Maeil Business Newspaper reports that South Korea’s financial regulator, the Financial Supervisory Service (FSS), has been analyzing Japan’s recent legislative trajectory concerning digital assets. This includes reviewing policy trends from Japan’s Financial Services Agency (FSA) and sharing insights with relevant institutions in South Korea. Japan has traditionally maintained a conservative approach toward cryptocurrency regulations. However, recent discussions suggest a potential shift, with the FSA considering positioning cryptocurrencies as financial products alongside securities. This move could pave the way for the approval of crypto ETFs in Japan, a prospect that South Korea is observing with keen interest. On Feb. 10, Japanese publication Nikkei reported that Japan's financial regulators might lift the ban on crypto ETFs, allowing them to be traded similarly to traditional financial instruments. The discussions in Japan are expected to continue through the first half of 2025 before a concrete legislative plan is proposed to the National Assembly in 2026. While South Korea has yet to make a definitive move on Bitcoin ETFs, top financial officials acknowledge the growing global trend toward these investment vehicles. At a recent virtual asset committee meeting, Kim So-young, vice chairman of South Korea’s Financial Services Commission (FSC), reiterated the country’s cautious approach. “I have continued to say that I would carefully review [spot Bitcoin ETFs], and it is similar in the broader context. There are countries that have not yet introduced it. There are England and Japan,” Kim said at a press conference following the meeting. The comments shed light on the regulatory balancing act South Korea faces. On the one hand, the country recognizes the potential benefits of regulated Bitcoin ETFs, such as providing safer investment options for retail and institutional investors. On the other hand, authorities remain wary of the risks associated with cryptocurrency market volatility and potential financial crime. The push for regulatory clarity in South Korea comes at a time of political turmoil. The country’s crypto regulatory landscape has been evolving rapidly following the dramatic arrest of former President Yoon Suk Yeol on Jan. 15. Yoon was detained after allegedly attempting to impose martial law in the country, an event that has significantly reshaped the nation’s political scene. Despite the political turbulence, South Korea’s financial regulators have maintained their focus on strengthening crypto oversight. On Feb. 13, the Financial Services Commission announced new guidelines permitting universities and charitable organizations to sell cryptocurrency donations starting in the second half of 2025. The move marks a significant step in integrating digital assets into broader financial and philanthropic ecosystems. At the same time, enforcement actions against crypto platforms have continued. On Jan. 16, Upbit, South Korea’s largest cryptocurrency exchange, was served with a suspension notice for alleged violations of Know Your Customer (KYC) regulations. In response, Upbit filed a lawsuit against South Korea’s Financial Intelligence Unit in an effort to overturn the sanctions, arguing that the regulatory action was overly restrictive. South Korea's Growing Crypto Market and ETF Potential South Korea is one of the world’s most active cryptocurrency markets, with more than 30% of its citizens reportedly investing in digital assets. The growing adoption of cryptocurrencies has fueled demand for regulated investment products like Bitcoin ETFs. If South Korea decides to approve Bitcoin ETFs, it could significantly boost institutional participation in the country’s crypto market. South Korea's interest in Bitcoin ETFs follows a broader global trend. The United States approved its first batch of spot Bitcoin ETFs in January 2024, a landmark development that attracted billions of dollars in inflows. Similarly, other countries, including Hong Kong and Canada, have already introduced regulated Bitcoin ETFs. For South Korea, approving Bitcoin ETFs would provide investors with a more structured and transparent way to gain exposure to Bitcoin while benefiting from regulatory oversight. However, authorities remain cautious, weighing potential risks such as market manipulation, fraud, and investor protection concerns. While South Korea has not yet made a final decision on Bitcoin ETFs, ongoing discussions and Japan’s evolving stance could influence the country’s regulatory direction. If Japan proceeds with lifting its crypto ETF ban, South Korea may feel added pressure to follow suit, especially given its reputation as a global financial and technology hub. As regulatory conversations continue, the South Korean government is expected to take a measured approach, ensuring that any move toward Bitcoin ETF approval aligns with its broader financial stability goals. In the meantime, investors and industry stakeholders will be watching closely for further developments that could shape the future of crypto investment in the country. With global adoption of Bitcoin ETFs on the rise, the question remains: Will South Korea take the leap, or will it continue to observe from the sidelines? Mt. Gox Moves 12,000 Bitcoin Amid Market Volatility, Stirring Speculation on Creditor Repayments In other Bitcoin news, the long-defunct cryptocurrency exchange Mt. Gox has once again made significant Bitcoin movements, transferring 12,000 BTC worth over $1 billion on March 6. The latest transfer, first flagged by blockchain analytics firm Arkham Intelligence, comes amid a turbulent week in the crypto market, raising speculation about its implications for creditors awaiting long-overdue repayments. According to Arkham Intelligence, the Mt. Gox-linked wallet (1PuQB) conducted the large transfer with a transaction fee of just $1.64. As part of the transfer, 166.5 BTC—approximately $15 million—was moved to a Mt. Gox cold wallet (1Jbez), while the remaining 11,834 BTC was directed to an unidentified wallet (1Mo1n). This transaction marks the first notable Bitcoin movement from Mt. Gox-controlled wallets in a month. The previous transaction, in early February, saw just 4 BTC shuffled between cold wallets, an insignificant sum compared to the latest move. The motivations behind this transfer remain unclear, though it adds to a growing pattern of Bitcoin activity linked to the collapsed exchange. Mt. Gox-related wallets currently hold approximately 36,080 BTC, worth around $3.26 billion, per Arkham data. Past large-scale movements from these wallets have often preceded creditor repayments, fueling speculation that further distributions could be on the horizon. This is not the first time that Mt. Gox-related wallets have seen major movements in recent months. In December, the exchange transferred approximately 1,620 BTC through unknown wallets. Just two weeks earlier, it had moved more than 24,000 BTC—one of the largest transactions associated with the exchange in years. The timing of these transactions often raises concerns in the market, as creditors continue to await their long-overdue repayments. The official Mt. Gox trustee had previously extended the repayment deadline by a full year, pushing it back to Oct. 31, 2025. While the purpose of the latest transfer remains undisclosed, past transactions of this nature have sometimes been associated with preparatory movements for creditor distributions. Bitcoin's Volatility Amid Macroeconomic Uncertainty The timing of the Mt. Gox Bitcoin movement coincides with a week of heightened volatility in the cryptocurrency market. Bitcoin has been on a rollercoaster ride, hitting a high of $94,770 on March 3 before plunging to $82,681 on March 4. Since then, it has rebounded. One key driver of this market turbulence has been geopolitical and macroeconomic factors. On March 4, new trade tariffs imposed by US President Donald Trump took effect, rattling global markets and affecting high-risk assets like Bitcoin. While digital assets are often touted as a hedge against traditional financial instability, they remain highly sensitive to broader economic trends and policy shifts. With Bitcoin transfers from Mt. Gox-linked wallets making headlines once again, creditors are watching closely for any signs of progress in the repayment process. Although the official deadline for creditor distributions remains set for late 2025, the recent movements could hint at preparatory steps being taken behind the scenes. Given the significant number of Bitcoin still under Mt. Gox’s control, further transactions in the coming months could provide additional clues about the exchange’s repayment strategy. For now, the market remains on edge, with investors keeping a close eye on blockchain movements tied to the infamous exchange. As Bitcoin continues its volatile price swings, traders and creditors alike are left wondering: is this the beginning of long-awaited repayments, or just another chapter in the Mt. Gox saga?
Sky Mavis has introduced an exciting new chapter in the Axie Infinity universe with the announcement of Atia’s Legacy, promising to revolutionize MMO gaming. This latest development comes at a
Source: Depositphotos As artificial intelligence permeates everything, its voracious appetite for energy is reshaping the way global power is sourced and traded. The surging demand for energy-intensive GPUs that feed the AI beast risks straining national grids and testing sustainability goals over the coming decade. Not so long ago, it was Proof-of-Work cryptocurrencies such as Bitcoin and Ethereum that were attracting flak for their energy footprint. While Bitcoin mining remains a power-hungry process, Ethereum has moved on to greener pastures following its transition to Proof-of-Stake. But no sooner had the environmental lobby gotten over its critique of crypto, it’s found another adjacent industry to attack in the form of AI.And it’s hard to dispute the facts as they stand: AI has one hell of an appetite for energy. From training massive language models to powering real-time inference in data centers, AI’s energy consumption is skyrocketing. All transformative technologies, to be fair, entail a massive spike in production – a trend that can be traced as far back to the Industrial Revolution of the 18th century. It’s the price of progress.Nevertheless, the rate at which AI’s energy footprint has increased poses a pressing question: how can the world meet this energy need sustainably and reliably? The answer lies in a blend of technological foresight and strategic energy investment. And one energy source in particular has the potential to meet that need. It is, unsurprisingly, nuclear. What’s perhaps more surprising is the opportunity it presents shrewd investors to load up on U3O8 – yellowcake used in uranium production – without needing a geiger counter and a lead suit. AI Is Coming for Your Energy We commonly envision AI as an energy saver, freeing us from the drudgery of planning meals, preparing reports, and designing school newsletters. But we rarely consider that for everything AI gives back to us in free time, it consumes in other ways. GPUs, such as those in Nvidia’s H100, draw 700 watts each, and a single data center can house thousands. Do the math, as they say. While AI’s relationship with energy is complex , regions where there is a high concentration of data centers place a significant impact on the local grid. Data centers are typically clustered together for efficiency reasons, which demands reliable energy infrastructure that can keep up. Renewables such as wind and tide aren’t cut out for this sort of work. Nuclear, on the other hand, is a perfect fit with its ability to crank up capacity at the push of a button. As the U.S. seeks to recenter itself as a tech hub, with a particular focus on AI and crypto, it’s safe to say its energy footprint is only going to climb. Particularly as new chip manufacturing plants come onstream to keep the AI juggernaut ticking over. Today’s energy mix, dominated by fossil fuels, with nuclear a distant third behind renewables, faces a reckoning. Solar and wind, while growing, are intermittent, leaving gaps that can’t sustain AI’s round-the-clock demand. Battery storage, also advancing, can’t yet bridge the lulls for data centers needing constant power. Fossil fuels, meanwhile, clash with net-zero targets, with this tension pitting AI’s promise against sustainability. Which is why the demand for a reliable and scalable energy solution brings us back to nuclear. Uranium Demand Ramps Up Given its zero-emission design and predictable output, it’s no wonder nuclear energy is being mentioned in the same breath as AI. The future technology of the 1950s is now the power source for the future tech of the 2020s. As a result, uranium – the primary fuel for nuclear reactors – is seeing renewed interest, particularly as countries pursue net-zero goals. One of the interesting side-effects of uranium’s increased demand is that it’s presented an opportunity for astute investors to capitalize on rising global energy consumption, exacerbated by an increase in AI. Enterprising RWA platforms have latched onto this, with the likes of xU308 enabling traders to acquire tokenized uranium. Operating on the Tezos blockchain, xU308 presents a compelling case for uranium investment, noting that it has delivered more than 3x the return of the S&P 500 in the last five years. 1/4 ⚛️ Built on @etherlink and powered by @Tezos , is the world’s first decentralized marketplace for trading tokenized physical uranium. This platform makes it possible for retail investors to access uranium without having to spend more than 5 tez. 🧪 pic.twitter.com/vVc1i4bAUB — Tezos (@tezos) December 5, 2024 As more RWAs arrive onchain, including many associated with the AI economy – such as NVIDIA stock and tokenized GPU compute – uranium presents an asymmetric bet on rising demand for artificial intelligence. For investors seeking portfolio diversification coupled with a future-proofed bet on growth in global energy demand, uranium looks like a reliable choice. Lowly correlated with other commodities, it appears largely immune from geopolitical crises and tariff wars. In the long-term, anticipated improvements in solar, wind, and battery technology may allow renewables to take over from fossil fuels. But for the next 5-10 years, it’s clear that there’s a gap to be filled between fossil fuels, with their dirty but effective capacity, and renewables with their capricious promise of a greener world. Into that gap nuclear effectively slots, providing the short to medium-term answer to the world’s energy demands. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Cardano boycotted in landmark White House crypto summit
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