Amid the Bitcoin price turbulence over the last week, Michael Saylor’s Strategy (MSTR) has been on investors’ radar with some citing liquidation risks if BTC falls under certain threshold. Some analysts state that Wall Street players are deliberately pushing BTC down to put pressure on MSTR as well as other leveraged proxies. Is Wall Street Targeting Michael Saylor With Bitcoin Selloff? Bitcoin is facing huge volatility, plummeting back to $83,000 after a brief surge to $93,000 following the announcement of the US strategic reserve. This pump and dump has led to liquidations at both ends. Popular BTC evangelist Mike Alfred raised concerns about potential market manipulation by major Wall Street players targeting Bitcoin. He suggests that these entities may be attempting to drive Bitcoin’s price lower to exert pressure on Michael Saylor Strategy (MSTR) and other leveraged firms tied to the cryptocurrency. “If they can bring BTC down far enough, it could undermine the favorable conditions these companies depend on for funding,” he stated. Furthermore, if the MSTR stock falls below a certain threshold, Michael Saylor might be forced to sell BTC to service the debt, thereby creating a vicious loop. However, amid the sharp market correction last week, Saylor has advised his followers to hold Bitcoins tightly and not panic under market reaction. MSTR Stock Sees Selling Pressure The MSTR stock price has crashed more than 27% over the past month, slipping to $250 levels as of press time. With strong selloff on Wall Street amid the Trump tariff war, the stock is down by another 4.30% in the pre-market trading on Monday. Michael Saylor’s last 13 Bitcoin acquisitions are now experiencing significant losses, with a record $1.95 billion in unrealized losses to date. If Bitcoin’s price drops below $60,000 in the near future, MicroStrategy could face mounting financial pressure, potentially forcing the company to sell its holdings, noted analyst Jacob King . He further added: “In case you’re wondering why he’s on X/CNBC every day, throwing out numbers like “Bitcoin will hit a $200T market value”—it’s because he’s facing liquidation and desperately trying to fuel the bubble”. Amid today’s crypto market selloff , the Bitcoin price is currently trading 8.9% down at $82,990.12 triggering over $400 million in liquidations. Top industry leaders believe that Bitcoin can further fall to $70,000 before starting the next bull rally. The post Is Wall Street Targeting Michael Saylor’s Strategy (MSTR) With Bitcoin Selloff? appeared first on CoinGape .
Interoperability protocol Across Protocol has raised $41 million from investors led by Paradigm. Ethereum-based Across Protocol raised $41 million by selling its ACX token to investors, The Block reported. Bain Capital Crypto, Coinbase Ventures and Multicoin Capital participated in the round led by Paradigm. Hart Lambur, co-founder of Risk Labs, the foundation behind the Across Protocol, said that Risk Labs sold ACX tokens to investors, but did not disclose the sale price or valuation. “We believe Across’ vision is the right way to unify the Ethereum ecosystem, and we’re excited to continue working closely with them on the technology and research to make this happen,” said Dan Robinson, general partner at Paradigm. Following the news, the ACX price rose by up to 12%. *This is not investment advice. Continue Reading: Coinbase and Giant Names Invested in This Ethereum-Based Altcoin, Price Reacted Positively!
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On February 21, 2025 , the North Korean hacking group Lazarus managed to steal approximately $1.5B worth of Ethereum. Despite the initial whiplash effect, the $1.5B Bybit hack could paradoxically boost the best meme coins in 2025 and beyond. Let’s dig into it. Evidence Emerges of Bybit Hack’s Sophistication Subsequent investigations showed that the hackers used malware to display a fake UI to all signers. This could’ve only been achieved if the bad actors somehow infected each multisig signer’s device, suggesting that the hack was more complex than initially thought. The conclusion was that, in this particular case, the weakest link was probably the human element rather than Bybit’s security profile. Crypto Market Crashes After Hackers Launder All Stolen 499K ETH So, why is crypto so down today, so long after the hack? According to EmberCN , the hackers managed to launder the entire $1.4B (499,000 ETH), causing ETH’s price to drop 23% following the event. Today, Bitcoin’s chart tells a sad story after falling to below 83K. Indeed, the whole crypto market seems to have collapsed, with even the best altcoins joining the bear movement. DeFi Exchanges Come Under Fire The Bybit hack didn’t impact cryptos alone. DeFi exchanges suffered, too. Chainflip, in particular, as the hackers started funneling the stolen assets through its platform mere hours after the breach. Chainflip, to its credit, identified the suspicious activity and took action immediately. The hackers also used THORChain, another high-profile DeFi service, to swap over $742M shortly after the event. Unlike Chainflip, which has a central authority, Thorchain is regulated by a network of validators, making it more difficult to implement any time-sensitive measures. The THORChain network recorded massive trading volumes following the hack, reaching an all-time record of $859.61M on February 26. This caused $RUNE, the official THORChain token, to surge by up to 33% between February 21 and February 26. In the spirit of ‘damned if you do, damned if you don’t’, both Chainflip and THORChain were heavily criticized by the community for how they handled things. Chainflip took the most heat, with many arguing that the platform’s decentralized nature meant that the hackers were free to launder the funds with impunity. At the opposite poll is THORChain, criticized for not taking action . So, where does this leave us? The crypto market is slowly recovering, but it’s still not out of the bear-infested woods. Even so, some see this as the best time to invest in new crypto projects in preparation for the next bull run. Especially, given the SEC’s upcoming series of roundtables on crypto security and regulation could turn the trend around. The following are some of the most promising meme coins to buy while the market is down. 1. BTC Bull Token ($BTCBULL) – Supporting Bitcoin to a $1M BTC Bull Token ($BTCBULL) is a meme project tied to Bitcoin’s market performance. The ongoing presale has raised over $3.1M with a token price of $0.00239. BTC Bull has several mechanisms to support its long-term development: Bitcoin airdrops whenever Bitcoin breaks key price milestones ($150K and $200K) A massive $BTCBULL airdrop when Bitcoin reaches $250K Token burn events for every $50K that Bitcoin adds to its price ($125K, $175K, and $225K) Stakers also enjoy a 135% APY with a dynamic reward rate (the more stakers there are, and the higher their contributions to the pool, the greater the rewards). The project shows long-term promise as it rewards hodlers specifically and evaluates alongside Bitcoin. The tokenomics data looks solid, and the project’s whitepaper does a good job of detailing the BTC Bull vision. 2. MIND of Pepe ($MIND) – The AI Agent Driving the Crypto Conversation MIND of Pepe ($MIND) is an advanced AI entity designed to spur on the crypto conversation and mine the chatter for trading cues. The self-evolving and self-sovereign AI agent interacts with people on X and Telegram and offers predictions and insights into the most promising crypto trends. The roadmap hints at great things to come, with the final stage allowing MIND of Pepe to create and advertise its own tokens. $MIND holders will gain exclusive insights into these projects so that they can tune in early to maximize their profits. The presale has raised over $7M with a $MIND valued at $0.0034402. MIND of Pepe currently rewards stakers with a 321% APY and a dynamic reward rate, so the earlier you invest, the higher the post-launch ROI. 3. Dogecoin ($DOGE) – Top Dog of the Meme Coins Dogecoin ($DOGE) started as a joke in 2013 and quickly became a crypto sensation. While the project has no real-life utility, its fired-up fanbase gave it one; to take Doge to the moon. They evidently succeeded, as today, Dogecoin is a top cryptocurrency with the 9th largest market cap. You can spend $DOGE in over 2.5K online stores to purchase anything from clothing and software to domains and private jets. $DOGE currently sits at $0.1939 after it gained 19% over the past year. The coin lost around 11.6% of its value in charts over the past 24 hours but appears to be in a consolidation phase, which could be the sign investors were looking for. Where is the Crypto Market Going? Now that we’ve answered the question of the day, ‘Why is crypto crashing?’, let’s look to the future. Coindesk reported on March 1 that the crypto market may be showing the first signs of recovery, with Bitcoin moving slightly past $84K. This assessment tends to be supported by the Fear and Greed Index, with Bitcoin’s price sitting above the community’s pessimistic predictions. This positive outlook also comes in the context of BlackRock finally adding Bitcoin EFT to its $150B portfolio. This supports the trend of wider crypto institutional adoption, which could be another trigger for the next bullish wave. For this reason, the best meme coins, especially ones like BTC Bull Token ($BTCBULL) and MIND of Pepe ($MIND) that are still in presale, are looking more appealing by the day. Don’t take this as financial advice. Always DYOR and invest responsibly, as the crypto market is always risky and volatile.
Shiba Inu dropped to its seven-day low, but current trend shows mild optimism
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.