Trump plans to include ADA in a US strategic Bitcoin reserve, and futures traders are bullish.
Investors have their eyes glued to March 7 as a key date that could send the markets on a bigger rally or trigger new bearish sentiments. Several high-profile events and announcements with seismic impact on Bitcoin prices are scheduled for March 7 with the pendulum capable of swinging in any direction. Key Employment Data And Crypto Summit On The Same Day On March 7, the US Bureau of Labor Statistics (BLS) will release key employment data to the public to ascertain the strength of the economy. Market participants are bracing for the release of non-farm payroll (NFP) and unemployment rate data, capable of sending the markets into a frenzy. Strong NFP data suggesting rising wages and low unemployment rates may reduce speculative interest in Bitcoin. Conversely, high unemployment and job losses may see crypto prices spike as investors ditch traditional assets. Apart from the highly anticipated data, Federal Reserve Chair Jerome Powell is expected to give a speech. Sources say Powell’s speech will revolve around near-interest rate cuts as investors brace for impact. Finally, on March 7, leading ecosystem players will attend the first-ever White House Crypto Summit . The event will be the first in a series of summits designed to shape crypto policy in the US. While the Crypto Summit is expected to trigger positive sentiments, pundits expect the event to prop BTC’s march to $150K . The Rest Of March Will Be Eventful For Bitcoin Prices While investors look to March 7, the month is littered with events that will have an impact on crypto prices. On March 6, the CFTC will host its CEO forum with stablecoins in the futures market at the fore. The House Committee on Banking will markup a stablecoin bill at a tentative date in March. Ahead of the markup, US lawmakers have launched a bipartisan crypto caucus to collaborate on digital asset policies. Following the SEC dismissals of Kraken’s case , the Commission is expected to hold a crypto industry roundtable in March. There is also speculation a nomination hearing date for Paul Atkins as SEC Chair will be mooted in March. The post Why March 7 Could Be A Turning Point For Bitcoin & Crypto Market In 2025 appeared first on CoinGape .
Sunday's Trump bump in crypto has mostly vanished nearly as quickly as it appeared. In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level and at 0.025, the ETH/BTC ratio has touched a new five-year low. Other tokens touted by Trump as part of the coming crypto reserve — Solana's (SOL), Ripple's (XRP) and Cardano's (ADA) — have given up sizable amounts of their Sunday gains, though remain somewhat higher than prior to the president's posting. “Crypto vols are still relatively elevated with both majors still reflecting a Put Skew till end-March,” crypto trading firm QCP Capital wrote to their investors. “The VIX is also elevated, signaling broader market unease in risk assets overall, particularly after the recent tariff escalations from the U.S. administration.” Crypto stocks have given up large chunks are early gains on Monday, with a number of them — Core Scientific (CORZ) and Bitdeer (BTDR) among them — now sporting sizable losses on the session. Medical equipment maker Semler Scientific (SMLR) — perhaps better-known for its bitcoin treasury strategy — is off 7.3% today after a DOJ investigation for possible violations of a federal anti-fraud law related to its marketing of a product known as QuantaFlo, reported Stat News . The broader stock market is also in the red, with the Nasdaq shedding 1.1% and S&P 500 0.8% ahead of Trump's promised tariffs on Mexico, Canada and China. Chipmaking giant Nvidia (NVDA) is down 6.5% on news that Singapore has charged three men in a U.S. export controls breach case. “Concerns over U.S. growth, and impending tariffs on China, Mexico, and Canada — set to take effect tomorrow — will be in focus, driving equities and rates,” said Jake Ostrovskis, OTC Trader at crypto market maker Wintermute.
The House Committee on Oversight and Government Reform wants access to unredacted documents from the Federal Deposit Insurance Corporation (FDIC) to investigate allegations that banks were deliberately de-banking the crypto industry. Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include the so-called “pause letters” sent to 24 banks as well as communications and records involving other regulated institutions. In his letter to FDIC acting chairman Travis Hill, House Oversight Committee Chairman James Comer (R-Ky) requests unredacted copies of the documents. “The Committee requests unredacted versions of the aforementioned document and other previously released pause letters to better understand the relationship between relevant financial institutions and government regulators and their respective approaches to crypto-related activities.” Hill has criticized the FDIC’s approach to crypto during the Biden administration, saying that the agency created an impression that it was closed to institutions interested in digital assets. Comer says the committee shares Hill’s concern that regulatory hurdles deterred banks from engaging in crypto activities. “The Committee is concerned that overreach by government regulators may have arbitrarily suppressed industries they deemed unfavorable, impacting business operations by preventing entities from accessing cash to fulfill payroll or driving technological and financial innovation overseas.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/ProleR/Sensvector The post House Oversight Committee Requests Unredacted Letters From FDIC To Probe Alleged Suppression of Crypto Industry appeared first on The Daily Hodl .
The U.S. Securities and Exchange Commission (SEC) is dropping charges once again in another high-profile crypto investigation. According to Kraken, the second-largest US crypto exchange by volume, the SEC has agreed “in principle” to dismiss its lawsuit against the exchange. Kraken says the SEC is dropping the lawsuit “with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business.” According to Kraken, the SEC’s investigation was politically motivated and meritless. Said Kraken of the SEC’s investigation last year, “The SEC is moving in the wrong direction. Its theories in litigation are incoherent. We remain committed to doing what we believe is right for our community of clients and innovators. Our mission – accelerating the adoption of cryptocurrency so that everyone can achieve financial freedom and inclusion – remains central to everything we do.” The exchange now says it looks forward to regulatory clarity from the new regime. The announcement is the latest in a string of changes to the SEC’s crypto regulatory policies. In addition to the consolidation and creation of a new crypto task force, the Cyber and Emerging Technologies Unit (CETU), just last week, the SEC also dropped several other big-name investigations in February, including inquiries into Coinbase , Robinhood , Opensea and MetaMask . Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post SEC Drops Lawsuit Against Kraken With No Penalities, Charges or Admission of Guilt appeared first on The Daily Hodl .
Bitcoin Magazine Standard Chartered Bank Re-focuses On $500,000 Bitcoin Target After Trump Crypto Reserve Announcement Just one day after U.S. President Donald Trump announced that Bitcoin is going to “at the heart” of a national strategic crypto reserve, Standard Chartered Bank’s Head of Digital Asset Research Geoff Kendrick stated that he is now re-focusing on his “$500,000 bitcoin price target.” BREAKING: President Trump says “obviously” Bitcoin will be included in the strategic reserve. “I also love Bitcoin” pic.twitter.com/STPTl3y6Gh — Bitcoin Magazine (@BitcoinMagazine) March 2, 2025 “We have moved from selling rallies to buying dips,” Kendrick reportedly stated in an email. “And hence I re-focus on my $500,000 bitcoin target…Given these developments, which align with our previous expectations, we continue to target Bitcoin to reach $200,000 by year-end 2025. Thereafter, we expect Bitcoin to reach $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028, where it will likely remain until the end of 2029.” Kendrick further discussed that Trump’s embrace of Bitcoin in a strategic reserve could fuel individual states to also adopt bitcoin reserves of their own, and eventually, hold as much bitcoin as the federal government all together. VanEck’s Matthew Sigel also recently put out a recent report on the potential accumulation of bitcoin by individual states, showcasing that if signed into law, the demand from these 20+ strategic bitcoin reserve bills could see states purchase over 242,787 BTC. You can track the status of these bills here on Bitcoin Laws . NEW: $114 billion VanEck's Matthew Sigel says the demand from 20 US Bitcoin Reserve bills could see states buy over 242,787 Bitcoin pic.twitter.com/oBKqSTda4c — Bitcoin Magazine (@BitcoinMagazine) February 12, 2025 Trump’s announcement of an official Bitcoin reserve potentially also may fuel support for Senator Cynthia Lummis’ Strategic Reserve Bill, unveiled at the Bitcoin 2024 Conference in Nashville last summer, which would see the U.S. purchase 200,000 bitcoin per year until it has bought 1,000,000 BTC. Lummis has already met with Trump’s new Crypto Czar David Sacks and Treasury Secretary Scott Bessent about her Bitcoin reserve bill, and said in January that “Every legislator is giving this legislation a serious look. The time is now. The President is a visionary leader and we are ready to get this bill to his desk.” This post Standard Chartered Bank Re-focuses On $500,000 Bitcoin Target After Trump Crypto Reserve Announcement first appeared on Bitcoin Magazine and is written by Nik .
MetaMask has issued a warning to users about deceptive token schemes falsely claiming affiliation with the platform, emphasizing that there is currently no official MetaMask token. MetaMask , the leading Web3 wallet provider, alerted its community on March 3 about fraudulent schemes promoting non-existent MetaMask tokens. The platform stressed that any claims suggesting the existence of a MetaMask token are false and potentially harmful. Please be aware that projects indicating trading, or pre-market trading, of a MetaMask token are unaffiliated with Consensys. There is currently no MetaMask token. These advertisements and promotions are for speculative platforms unrelated to Consensys and without our… — MetaMask.eth 🦊 (@MetaMask) March 3, 2025 This warning follows MetaMask’s February 28 announcement regarding a critical update that will introduce Bitcoin ( BTC) and Solana ( SOL) smart contract capabilities to its network. Scammers may be attempting to exploit this development. MetaMask has previously addressed similar threats. In March 2023, the platform debunked rumors of a MetaMask token airdrop , warning that such claims were not only false but also dangerous, as they created opportunities for scammers and phishing attacks. You might also like: MetaMask expands crypto off-ramp support to 10 blockchains via Transak Rise in crypto scams Scams involving fraudulent tokens have been on the rise, with malicious actors convincing users to invest in counterfeit assets that mimic reputable projects. These schemes often result in significant financial losses for unsuspecting investors. Notably, entrepreneur Mark Cuban reportedly lost nearly $870,000 after interacting with a compromised MetaMask wallet. Additionally, MetaMask users have been targeted by address poisoning attacks , where scammers manipulate transaction histories to trick users into sending funds to fraudulent addresses. You might also like: Consensys acquires Wallet Guard to bolster MetaMask user protection
TRON (TRX) price has been fluctuating following speculation about its potential inclusion in a strategic cryptocurrency reserve. Former U.S. President Donald Trump reportedly named Bitcoin, Ethereum, XRP, Solana, and Cardano as part of the reserve. Justin Sun hinted that TRX could also be considered, sparking investor interest. While TRX saw a price surge, recent market trends indicate a decline. The speculation continues to influence TRX’s market movement. What’s Next for TRON Price? Justin Sun Teases TRX’s Role in Trump’s Crypto Strategy Justin Sun, a TRX founder, hinted at TRON’s involvement in former U.S. President Donald Trump’s digital asset strategy. The TRON price rebounded, pushing past resistance levels as the market responded to recent developments. Trump revealed a list of cryptocurrencies , including Bitcoin, Ethereum, XRP, Solana, and Cardano, as part of a planned strategic reserve. His announcement on Truth Social triggered a market-wide rally, boosting the total cryptocurrency market by over $300 billion. Bitcoin surged beyond $90,000 following his statement. TRON’s price movement remains steady within a horizontal trend. Sun’s comments have fueled speculation about TRX’s potential inclusion in future policy discussions. The crypto market continues to react strongly to regulatory shifts, with investors closely monitoring TRON’s role in upcoming decisions. TRX Price Analysis: Can It Reach $3? The TRX price hovered at $0.2419 as of March 3, 2025, following a slight pullback. The top altcoin shows a 4% drop, with a recent low of $0.2336. The TRON price has seen a slight market correction after a notable price surge in the early hours. This follows crypto market as BTC also has seen a retrace below $90k again. The support level is found at $0.23, with resistance points at $0.24 and $0.25. The price has been fluctuating within this range, making it crucial to monitor these levels for a potential breakout or further downside. The MACD indicator shows positive momentum, though with a slight decrease in momentum strength. The histogram reveals a narrowing gap between the MACD line and the signal line, suggesting that price momentum may slow down in the near term. The Relative Strength Index (RSI) currently stands at 57.41, indicating that TRX is neither overbought nor oversold. Key resistance levels are at $0.24 and $0.25, with the next major resistance sitting at $0.28. Traders should look for a breakout above $0.24, which would suggest an upward rally toward these resistance points. If TRX surpasses $0.25, the next target would be $0.28, representing a 30% potential gain. On the flip side, if the price drops below the support at $0.23, the next key support level is at $0.22. A breach of this support could lead to further downside risk, potentially pushing the price toward $0.20. TRON Price Chart: TradingView In conclusion, the TRON price movement remains highly dependent on market sentiment and the ongoing speculation surrounding its potential inclusion in Trump’s strategic cryptocurrency reserve. While the price shows some promise, it is crucial to watch the support and resistance levels closely to gauge the next moves for TRX. The post TRON Price Implications as Justin Sun Hints TRX May Be in Trump’s Crypto Strategic Reserve appeared first on CoinGape .
Strategy’s Executive Chairman Michael Saylor told CNBC that Bitcoin’s market capitalization is on track to reach $20 trillion—and eventually $200 trillion. Saylor argued that the U.S. should acquire Bitcoin ( BTC ) as part of a strategic crypto reserve, calling it the “greatest economic program of the 21st century.” Saylor, a long-time Bitcoin advocate , has engaged with policymakers from both political parties, including members of the Trump administration. In the interview, he positioned Bitcoin as an asset class that does not compete with the U.S. dollar but rather with global equities and real estate. “Right now, we’re about $2 trillion in Bitcoin. It’s going to $20 trillion, then it’s going to $200 trillion, then it’s growing 20% a year,” he said. He further suggested that if the U.S. acquired 10–20% of the Bitcoin network, it could result in paying off the national debt, he said. You might also like: Dana White’s Power Slap teams up with VeChain for global expansion Bitcoin’s volatility When asked about Bitcoin’s volatility, Saylor dismissed concerns by drawing parallels to historical U.S. land acquisitions. “We bought Manhattan for 60 guilders. It was a good trade. We bought Alaska for $6 million. It was a good trade. We paid $40 million for 75% of this country. It’s a good trade,” he said. Saylor emphasized Bitcoin’s decentralization as a key advantage, noting that it is a digital commodity without an issuer or centralized control. He also highlighted its historical performance, stating, “It’s the best-performing asset in the past 15 years, and generally the best-performing asset every single year.” You might also like: Solana community flocks to Bitcoin’s leading meme layer 2
Bitcoin (BTC) tumbled from $93,000 to under $90,000 before plunging to an intraday nadir of $86,531 on Apr. 2, aligning with former President Trump’s declaration of new tariffs on imported agricultural goods. Trump Dump Though a prior policy reveal involving crypto reserves propelled assets like BTC and ether upward, the subsequent day told a divergent