According to recent data from Coinglass, the cryptocurrency market experienced substantial net outflows over the past 24 hours, highlighting investor sentiment and market dynamics. Bitcoin led the trend with a
In a recent update from COINOTAG News, March 4 marks a pivotal moment as President Trump confirmed the implementation of U.S. tariffs on Mexico and Canada. This announcement has incited
Samson Mow warns that if Trump’s crypto reserve includes random altcoins, it could accelerate market chaos, turning it into speculation rather than a real financial strategy. Samson Mow Analyzes Trump’s Crypto Reserve: Can the President Pick Any Coin? Samson Mow, a prominent bitcoin advocate and CEO of JAN3, voiced skepticism on March 3 on social
Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level. Bitcoin Not Out Of The Woods Yet According to an X post by crypto analyst Rekt Capital, BTC filled two key CME gaps over the weekend – one between $78,000 and $80,700, and another between $92,800 and $94,000. The wide range of prices reflects the extreme volatility witnessed by the top cryptocurrency over the weekend. As a result of this volatile price action, BTC has now created a new, massive CME gap between $84,650 and $93,300. Rekt Capital added that while the bottom may have been reached at $78,258 during the downside deviation, it does not necessarily mean that BTC won’t revisit that price level. For the uninitiated, a Bitcoin CME gap is the price difference between Bitcoin’s closing price on the CME futures market and its opening price the next day, created because the CME closes over the weekend while the spot market continues to trade. Past data indicates that CME gaps often work as price magnets. That said, even if BTC hits the lower end of the latest CME gap at $84,650, it would still constitute a higher low relative to Friday’s low of $78,258. Rekt Capital concluded by saying that as long as BTC holds the macro support at $93,500, “any short-term downside volatility will only present opportunities.” Fellow crypto trader Merlijn The Trader remarked that “volatility is about to go parabolic” following the creation of the new massive CME gap. According to data from Coinglass, heightened price volatility has already led to liquidations worth over $900 million in the past 24 hours. Another crypto analyst, Will, noted that the general sentiment around BTC is too euphoric for a retest of a previous accumulation range. The analyst added that they are eyeing the mid $70,000 range to accumulate BTC. Analyst Suggests More Downside For BTC While BTC currently trades close to the $90,000 level, analysts believe that the top digital currency by market cap could slip to $74,700. Crypto analyst Ali Martinez recently highlighted that historically, BTC tends to rebound from long-term support levels, which currently sit in the mid $70,000 range. In related news, Coinbase analysts remarked that BTC’s price is struggling due to the absence of any major near-term positive catalysts. In particular, the recent Bybit hack and heightened macroeconomic uncertainties are likely contributing to BTC’s woes. On a positive note, spot Bitcoin exchange-traded funds (ETFs) are finally starting to see net inflows once again. At press time, BTC is trading at $90,170, down 1.5% in the past 24 hours.
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline, like Bitcoin . ETH gained bearish momentum below the $2,400 and $2,350 support levels. There was a clear move below the $2,250 support zone and the 100-hourly Simple Moving Average. The price even dived below the last low and tested the $2,000 zone. A low was formed at $2,003 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $2,080 level. The first major resistance is near the $2,150 level. There is also a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD. The main resistance is now forming near $2,275 and the 50% Fib retracement level of the recent decline from the $2,550 swing high to the $2,003 low. A clear move above the $2,275 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,160 resistance, it could start another decline. Initial support on the downside is near the $2,020 level. The first major support sits near the $2,000 zone. A clear move below the $2,000 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,750 support level in the near term. The next key support sits at $1,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major Resistance Level – $2,160
The recent announcement of a U.S. “Crypto Strategic Reserve” has ignited a significant shift in the cryptocurrency market, as Bitcoin challenges its prior dominance. The move has generated both excitement
The post Ripple Lawsuit News: Pro-XRP Lawyer John Deaton Says ‘Trump Has To Drop’ The Case appeared first on Coinpedia Fintech News On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything. Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has big consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the SEC continues its case against Ripple, it could hurt American investments in cryptocurrencies. However, Crypto Law founder and attorney John Deaton pointed out something interesting: the Ripple lawsuit was filed just before the end of Trump’s first term, under the leadership of SEC Chairman Jay Clayton. Now, four years later, XRP has a chance to be a part of a major global cryptocurrency reserve. Deaton argues that if Trump does not intervene and the case continues, the U.S. could lose out on big opportunities in the growing crypto market. “He has to drop it,” Deaton said. What’s Next for XRP? The future of XRP and Ripple largely depends on how the case with the SEC plays out. If Ripple can resolve the issue, XRP could become a major part of the digital currency world. As Deaton said, this is a critical moment for the entire crypto industry, not just Ripple. How the SEC case is handled will impact not only XRP but also the future of cryptocurrency in the U.S. and beyond. In conclusion, while the road ahead for Ripple and XRP is still uncertain, one thing is clear: the decisions made in this case could shape the future of cryptocurrency, with XRP playing a key role in the new world of digital finance.
Bitcoin and XRP holders are shifting their focus to five explosive cryptos that could deliver life-changing gains. These hidden gems are poised for massive growth in 2025. Don’t miss out on the next big opportunity!”, OFFICIALMAGACOIN is surging ahead, already raising $3.7 million in its presale and gaining serious investor interest. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN NOW! Altcoins That Could Deliver 100X Returns While Solana and XRP are well-established, emerging altcoins like OFFICIALMAGACOIN present the biggest upside potential. Here are five cryptos set for explosive growth: OFFICIALMAGACOIN: With a presale price of $0.0002165, OFFICIALMAGACOIN has gained immense traction, raising over $3.7 million. Analysts predict a surge to $1 by 2025, making it a must-watch for high-growth investors. Tron (TRX): Trading at $0.228, TRX remains a dominant force in decentralized applications but lacks the breakout momentum of newer coins. Cardano (ADA): Valued at $0.66, ADA’s slow but steady growth makes it a long-term play, but it doesn’t match OFFICIALMAGACOIN’s explosive potential. Injective (INJ): Priced at $13.89, INJ is gaining traction in DeFi but faces stiff competition from established projects. Chainlink (LINK): Sitting at $15.25, LINK remains vital for smart contracts but lacks the high-growth catalyst of OFFICIALMAGACOIN. Comparative Snapshot Cryptocurrency Current Price Growth Potential OFFICIALMAGACOIN $0.0002165 Extremely High Tron (TRX) $0.228 Moderate Cardano (ADA) $0.66 Moderate Injective (INJ) $13.89 Moderate Chainlink (LINK) $15.25 Moderate DON’T MISS OUT—INVEST IN OFFICIALMAGACOIN TODAY! Why OFFICIALMAGACOIN Is the Ultimate Pick Unmatched Presale Success: Raising over $3.7 million proves strong investor confidence. Ground-Floor Opportunity: Unlike established coins, OFFICIALMAGACOIN offers maximum upside for early adopters. Exclusive Bonuses: Investors using MAGA50X get a 50% bonus on their purchase. Visit: officialmagacoin.io X/Twitter: https://x.com/officialMAGAx Continue Reading: $1K to $100M? Bitcoin & XRP Investors Are Targeting These 5 Altcoins with Explosive Potential
Critics say the "future" reserve will turn Bitcoin-only, rejecting Trump’s altcoin-friendly stance.
Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump's trade war threat. ETH is down 15% in the last 24 hours, according to CoinDesk Indices data , dragging down the CoinDesk 20 , a measure of the largest digital assets, which is down 16%. Ether's decline over the past three months has been driven by bearish investor sentiment, reflected in its underperformance relative to BTC and weak institutional demand, alongside macro headwinds like trade war fears, inflation concerns, and stock market weakness, which have dampened risk appetite. CoinGlass data shows that nearly $165 million in ETH long positions have been liquidated in the last 12 hours. Bettors on Polymarket are giving a 76% chance of ether hitting $1900 by the end of the month. Ether ETF outflow was deep in the red last week, according to data from SoSoValue, coming it at -$335 million.