According to data from lookonchain, on March 4th, Whale 7 Siblings made a significant acquisition of 4,993 ETH, with an average purchase price of $2,075, totaling an investment of $10.36
Lower interest rates could alleviate financial burdens for low-income Americans, but deregulation and tariffs may introduce new economic challenges. The post Trump’s Treasury Secretary Scott Bessent vows to bring down interest rates to help struggling Americans appeared first on Crypto Briefing .
Bitcoin’s price has been experiencing a massive drop over the past few weeks, and while it initiated a brief recovery recently, the correction is not over yet. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been dropping over the last couple of weeks, breaking below the $92K level and is now testing the 200-day moving average, located around the $83K mark. If the 200-day moving average is broken to the downside, the entire field will likely experience a much deeper decline, as the bull market will likely be over for at least a few months. The 4-Hour Chart Looking at the 4-hour chart, it is evident that the price has corrected all of its recovery as quickly as it bounced, and it is currently at the last resort before a new low likely forms. The imbalance demonstrated on the chart could be a turning point for the asset, which could lead to a rally above the $92K level once again and even toward the $100K region. However, with the RSI showing clear bearish momentum, it would be more likely for the market to break below the $80K level and create a new low in the short-term. Sentiment Analysis By Edris Derakhshi (TradingRage) Short-Term Holder SOPR Amid Bitcoin’s price drop over the recent weeks, many investors are panic-selling their BTC at a loss, especially those who got into the market over the past few months. This is clearly visible on the Bitcoin short-term holder SOPR chart, which measures the ratio of profits or losses realized by such market participants. With the STH SOPR currently showing negative values, short-term investors are clearly realizing losses to prevent bigger ones if the market dips even more. If this selling pressure is not absorbed by potential buyers, it could lead to deeper drops in the coming weeks as the market would overflow with supply. The post Bitcoin Price Analysis: This Key Level Holds the Fate of BTC’s Bull Run appeared first on CryptoPotato .
Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. Marathon Digital ‘s Bitcoin ( BTC ) production dropped 6% month-over-month in February due to higher network difficulty and fewer operational days, the company said. In a Bitcoin production report released on March 4, the Florida-based company revealed a 4% increase in crypto production per day compared to January, although Bitcoin production decreased by 6% month-over-month. Despite the decline, Marathon’s energized hashrate remained stable, the company emphasized. “Blocks won and Bitcoin production decreased by 6% month-over-month, primarily due to a higher network difficulty level and three fewer operational days. Our energized hashrate was slightly above the prior month, and we are close to finishing construction of a 40-megawatt data center in Ohio where we plan to install over ten thousand S21 Pro immersion miners.” Fred Thiel, Marathon Digital’s chairman and CEO You might also like: Bitcoin mining sector expands as ASIC count surged 7% in 2024: report Long-term opportunities in AI According to Thiel, the mining company aims to strengthen its position in the artificial intelligence space, which, as the Marathon’s CEO puts it, “will create additional revenue opportunities over the long term.” “We expect our costs to decline as we realize savings from owning our sites and generating our own power, and we will be laser-focused on efficiency as we drive towards our goal of low-cost energy.” Fred Thiel The rise in network difficulty has posed a challenge for miners since Bitcoin’s halving in April 2024, which slashed rewards per mining block from previously higher levels, making it harder to maintain production rates. With more competition on the network, fewer blocks are being won, which impacts production numbers. Marathon’s shares on pre-market trading plunged 5% following the production update, per data from Yahoo Finance. It’s unclear when exactly the new miners for the Ohio site will be fully deployed. Read more: Marathon Digital improves hash rate by 15%, mined 890 BTC in December
The cryptocurrency market has witnessed another major movement, with XRP experiencing a sharp decline. Several factors have contributed to this downward trend, prompting concern among investors and analysts. Market-Wide Sell-Off Impacting XRP A broader downturn in the cryptocurrency market has played a significant role in XRP’s decline. Uncertain economic conditions and investor sentiment shifting toward lower-risk assets have resulted in sell-offs across major cryptocurrencies, including XRP. Liquidation of Long Positions A large number of leveraged long positions in XRP were recently liquidated, adding to the downward pressure. With heavy selling occurring in the futures market, XRP’s price has struggled to find stable ground, leading to concerns of further declines if market sentiment does not improve. Technical Weakness and Key Support Levels XRP has broken through important technical support levels, triggering additional selling pressure. If the cryptocurrency fails to hold above crucial price points, further declines could be in store, making the next few trading sessions critical for determining XRP’s short-term trajectory. The Broader Picture: Crypto Market Volatility Remains High These recent events highlight the ongoing volatility within the cryptocurrency space. While Bitcoin’s role as a safe-haven asset is being questioned, security concerns surrounding digital asset exchanges continue to grow, and major cryptocurrencies like XRP face increased price pressures. As the market continues to evolve, investors will need to navigate these uncertainties with caution, adapting to rapid changes in sentiment and regulatory developments.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 2684.39, down 3.9% (-109.08) since 4 p.m. ET on Monday. Two of 20 assets are trading higher. Leaders: HBAR (+4.2%) and AAVE (+1.3%). Laggards: SUI (-11.0%) and DOT (-8.2%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano ETF hype grows as Grayscale pushes for approval, while Rexas Finance eyes a top crypto spot. Table of Contents ADA’s market reaction and AI prediction Can ADA break into the top 3? Rexas Finance: A top 3 contender? Conclusion As asset managers submit applications for exchange-traded funds (ETFs), several cryptocurrencies have been under news coverage. After the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs, Cardano (ADA) is now under the focus as talks of an ADA ETF pick momentum. Grayscale made public on February 11 its intentions to float an ADA ETF on the New York Stock Exchange (NYSE). NYSE Arca sent the U.S. Securities and Exchange Commission (SEC) a 19b-4 form asking permission for the Grayscale Cardano Trust, which would trade under the ticker “GADA.” Should the SEC approve the first standalone Cardano ETF Grayscale offers, investors would be exposed to ADA without being required to keep the token personally. BNY Mellon would handle administrative chores, and Coinbase Custody Trust Company, LLC would be the custodian of the proposed ETF. NYSE Arca underlined that while helping investors and the larger financial ecosystem, this new product would encourage competitiveness in the crypto industry. ADA’s market reaction and AI prediction ADA’s price changed immediately upon the announcement of the prospective ETF. Cardano shot to $0.8051 at the time of writing, up 14.38% in the preceding 24 hours. The asset dropped to $0.6947 early in the day, then remarkably recovered to top $0.8159. This surge highlights the increasing investor trust in Cardano, as many expect more price swings should the ETF get regulatory clearance. Regarding ADA’s potential, AI projected a 5x increase in the value of the cryptocurrency, therefore influencing its price to $4. This would raise Cardano’s market capitalization from $27.55 billion to $137.55 billion. Still falling short of the top 3 cryptocurrencies, ADA would only place fifth in the rankings even at this valuation. Can ADA break into the top 3? Although establishing an ADA ETF will surely improve Cardano’s market situation, surpassing the top three, Bitcoin, Ethereum, and Ripple, remains difficult. The main obstacle is Ethereum’s dominance as the preferred smart contract platform. Other rival projects, like Solana (SOL) and Binance Coin (BNB) , draw significant investment and development even if ADA leaps above $4. Although Cardano’s path to the top three is unknown, another growing cryptocurrency, Rexas Finance, is fast gathering steam and might be a major rival for a top-ranking position. You might also like: Poised to deliver the highest returns: Ethereum, Cardano, or Rexas Finance Rexas Finance: A top 3 contender? Unlike many current initiatives, Rexas Finance is transforming the crypto scene by democratizing and simplifying the production and administration of digital tokens, especially those reflecting real-world assets. Rexas Finance has already generated over $46.67 million through its extraordinary presale performance. Priced at $0.20 and in stage 12, the presale is almost finished; 90.67% of its $56 million target has already been filled. The Rexas Finance team has chosen a public presale instead of other initiatives that depend on venture capital investment so that regular investors may join this financial revolution. As Rexas Finance prepares for its formal release on June 19, 2025, it is ready for great results. Plans to debut on three top-tier exchanges and a listing price of $0.25 help RXS to be positioned for a significant increase. Analysts estimate that RXS might become one of the top three cryptocurrencies, overtaking established players like Cardano. Rexas Finance marks a radical change in the tokenizing and blockchain trading possibilities for actual assets. With the potential to tokenize almost any asset, from real estate and commodities to intellectual property, RXS generates unmatched opportunities for investors. Rexas Finance is becoming the preferred platform for tokenized assets as the crypto market develops, enabling a significant price rise. Given its present trajectory and growing demand for real-world asset tokenization, RXS will beat many conventional cryptocurrencies and establish itself among the top three by the end of 2025. Conclusion Although introducing an ADA ETF might greatly increase Cardano’s market exposure, competition from other big projects makes its road to the top three difficult. ADA would still face challenges breaking past its rivals even if it reaches $4. Rexas Finance is fast expanding under strong presale momentum, institutional interest, and an smart use case that might drive it to a top position before the end of 2025. To learn more about Rexas Finance, visit its website , giveaway , X , or Telegram . Read more: Rexas Finance price prediction: Can RXS deliver on its presale hype? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Crypto markets are experiencing a downturn today, with several major currencies reporting significant losses, according to CoinStats. A decline in trading volumes and bearish market sentiment are contributing factors, suggesting
Meme coins continue to gain traction in broader crypto ecosystem