El Salvador has continued its aggressive Bitcoin buying strategy despite pressure from the International Monetary Fund (IMF) to halt purchases, increasing its holdings to 6,111 BTC. El Salvador Defies IMF, Continues Bitcoin Accumulation The Central American country added 6 BTC to its reserves on Sunday, bringing its total holdings to 6,111.18 BTC, worth about $504 million at current market prices. That’s up from 6,072 BTC on Feb. 9, according to the country’s Bitcoin Office. IMF Agreement and Rising Tensions El Salvador reached a $1.4 billion loan agreement with the IMF in December, with the total financial package expected to exceed $3.5 billion. As part of the deal, the country agreed to reduce its Bitcoin engagement in exchange for financing. In January, the Salvadoran Legislative Assembly passed a bill to comply with IMF requirements tied to the loan. On March 3, the IMF released a new report reinforcing the expectation that El Salvador will limit government involvement in Bitcoin-related activities. Bukele Remains Firm on Bitcoin Strategy Despite these agreements, President Nayib Bukele has made it clear that El Salvador will not stop accumulating Bitcoin. In a March 5 post on X (formerly Twitter), Bukele countered speculation that the country would abandon its Bitcoin-first approach. “No, it won’t stop,” Bukele wrote. “If it didn’t stop when the world shut us out and most ‘bitcoinists’ abandoned us, it won’t stop now and it won’t stop in the future.” El Salvador became the first country to accept Bitcoin as legal tender in September 2021, a move that initially drew criticism from global financial institutions including the IMF and the World Bank. The government has since launched initiatives such as Bitcoin-backed bonds and a volcanic-powered Bitcoin mining operation. Despite concerns from the IMF and credit rating agencies, the Bukele administration continues to frame Bitcoin adoption as a long-term strategy for financial independence and economic growth. *This is not investment advice. Continue Reading: El Salvador Continues to Buy Bitcoin Despite IMF! Here is the Latest Bitcoin Purchase Amount!
On March 10th, COINOTAG reported significant revelations from cryptocurrency media firm Blockworks regarding its editorial team’s digital asset holdings. As of March 3rd, a mere three out of thirteen editors
In the vast digital world dominated by cryptocurrencies, a new star is shining: cloud mining. The phenomenon is changing the cryptocurrency landscape, attracting investors eager to dive into the lucrative waters of Bitcoin and Ethereum without having to go through the high costs of traditional mining . However, cloud mining offers the tantalizing prospect of high-return passive income. Unlike traditional mining, which requires high-end hardware investment and extensive technical knowledge, cloud mining platforms such as BCH Miner enable seamless cryptocurrency profits in a further simplified or even hands-off manner. Is this the ultimate solution for those trying to stay ahead of the curve? Let’s take a deeper look. Why choose BCH Miner BCH Miner is more than just a mining website , it has revolutionized the world of cryptocurrency investment. The company was founded in 2016 and is headquartered in Newport. BCH Miner has become one of the most profitable and secure cloud mining services for investors . It serves more than 5 million users worldwide with its user-friendly service and opens investment mining to all users without any technical or financial barriers and without initial investment: mining Bitcoin or any other well-known cryptocurrency How is BCH Miner different from other mining platforms? Its advanced AI technology optimizes mining efficiency and ensures that users get the most out of it. In addition, 24/7 technical support is provided to solve any problems that may arise during the transaction. This dedication to customer service is designed to build trust and ensure that users’ needs are fully met. Earning $ 88,500 a day is no longer a dream! How to start mining with BCH Miner Step 1: Register and claim your free bonus The registration process is simple. Enter your email, set a password, and you are ready to go. Once your account is activated, you will receive a $10 bonus that can be used immediately to start mining. Step 2 : Choose a suitable mining plan BCH Miner provides flexible contracts to meet different needs: Basic contract: Investment amount: $100, maturity payoff : $100 + $ 8 Basic contract: Investment amount: USD 600 , maturity income : USD 600 + USD 46 Smart Contract: Investment Amount: $ 30,000 , Expiration Profit : $ 30,000 + $ 900 Senior contract : Investment amount: $15,000, maturity income: $15,000 + $13,080 Super Contract : Investment Amount: USD 100,000, Expiration Return: USD 100,000 + USD 77,400 For more contract details, please visit the official website: https://www.btxminer.com Step 3: Fund your account Choose from a variety of payment methods, including USDT-TRC20, BTC, ETH, LTC, USDC, USDT-ERC20, BCH, Doge Coin, XRP, SOL. Step 4: Start mining and track your progress Mining starts automatically once your account is funded. BCH Miner’s dashboard provides real-time updates showing your hash rate, earnings, and withdrawal status. Mining rewards are automatically credited every 24 hours, and you can withdraw your earnings in just 1-5 minutes. What makes BCH miners stand out in a crowded market? While cloud mining platforms are not new, BCH Miner raises the bar with features that cater to the needs of both beginners and experienced miners. 1. Transparent payment system many platforms that hide behind vague terms or charge exorbitant fees , BCH Miner does not charge any extra fees. Advanced security measures Security vulnerabilities could ruin miners , BCH Miner uses cold wallet storage : 90% of funds are stored offline, minimizing the risk of cyber attacks. BCH Miner ’ s Referral Program : You can get up to $30,000 in bonuses every month. This program does not require any upfront costs and allows you to easily achieve network profitability. Summarize: Entering the world of cloud mining can be a rewarding venture. With careful effort and strategic planning, you can safely harness its potential. Embrace the digital revolution and start mining today! If you need more information, please visit the BCH Miner official website: https://www.btxminer.com/ Download the app: https://bchmimer.info/download/
The Utah Senate passed HB230, emphasizing user rights in cryptocurrency management. The controversial Bitcoin reserve plan was omitted due to financial risk concerns. Continue Reading: Utah Senate Approves New Cryptocurrency Legislation, Elevating User Rights The post Utah Senate Approves New Cryptocurrency Legislation, Elevating User Rights appeared first on COINTURK NEWS .
The post XRP News Today: Ripple May Be Used To Pay Fine According To Prominent Crypto Lawyer appeared first on Coinpedia Fintech News Ripple’s $125 million SEC fine remains in place, but there are interesting rumors about how it might fulfill this obligation. Some legal experts suggest that Ripple could potentially settle using XRP tokens rather than cash – we’ll cover this in detail below. On a different front, StratoVM ($SVM) could draw attention as a Layer 2 solution that could finally integrate Bitcoin effectively into decentralized finance. By using the Bitcoin blockchain as an anchor for its data, StratoVM potentially offers improved transaction speeds and reduced fee structures—addressing longstanding limitations that have disrupted Bitcoin’s practical utility in DeFi applications. Let’s check out the deets. XRP News: Could Ripple’s $125 Million Fine Be Paid in XRP? Back in August 2024, Ripple Labs got hit with a $125 million fine from the SEC for breaking securities laws when selling XRP to institutional investors. While Ripple is still fighting its legal battles, people are now wondering how the company might pay this fine. Yassin Mobarak , a member of the XRP community, has suggested that Ripple could actually pay using XRP tokens instead of cash. He points out that the government recently created a digital asset reserve meant to hold highly liquid cryptocurrencies like XRP. If Ripple pays with XRP, this would be the first time the US government officially holds XRP tokens. Mobarak thinks this could be good news, as it would align the government’s interests with XRP holders, possibly leading to clearer regulations and wider adoption. Attorney Jeremy Hogan supports this idea , too. He references a Supreme Court case from 1869 (Willard v. Tayloe), which ruled that payments could legally be made in commodities if both sides agreed. This could set the stage for Ripple and the SEC to settle using XRP. Could StratoVM ($SVM) be the Project That Finally Helps Bitcoin Expand into the DeFi Sector? Here’s How This Layer-2 Platform Works Despite Bitcoin’s dominance in the crypto market, it has lagged behind Ethereum when it comes to DeFi applications, AI integrations, and meme token ecosystems. StratoVM ($SVM) might change that as an EVM-compatible Layer-2 solution that lets developers build smart contracts and decentralized apps on Bitcoin. Interest in StratoVM has been growing fast, with its price jumping an impressive 6,911% in just one month to reach about $0.1906, according to CoinGecko . SVM 30-day chart, Source: CoinGecko While the price movement is grabbing headlines, the real value of StratoVM might be its potential to expand Bitcoin’s functionality in DeFi while maintaining the security Bitcoin is known for. The project is showing promising early results. Its testnet has already attracted more than 113,000 wallets and handles around 56,000 transactions daily. As StratoVM prepares for its mainnet launch, it could change what’s possible within the Bitcoin ecosystem. It’s also worth noting that StratoVM’s current market cap sits at $17M, while its comparable project CoreDAO is valued at $990M. Meanwhile, the broader Bitcoin DeFi (BTCFi) space has expanded dramatically from $307M to $6.6B over the past year, according to DeFiLlama. If this trend continues, StratoVM could become a major player in this growing sector. The project’s community is also expanding rapidly, with over 100,000 followers across social platforms, including X, Telegram, and Discord. With more than 50 strategic partnerships and rumors of a centralized exchange listing on the horizon, StratoVM might be ready to finally bridge the gap between Bitcoin and the world of decentralized finance. The Bottom Line Ripple’s $125 million penalty has brought interesting discussions about payment methods. Some analysts suggest the company might settle using XRP tokens instead of traditional currency – a move that could establish a precedent for how digital asset cases are resolved in the future. At the same time, StratoVM could generate serious buzz as a Layer-2 solution for Bitcoin. As its mainnet launch approaches, the platform could potentially transform how Bitcoin interacts with decentralized finance, opening new opportunities for BTC holders who have traditionally been limited in their DeFi participation options. This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.
An analyst who accurately called Bitcoin’s correction in Q1 of 2024 believes BTC is close to printing a local bottom based on a technical momentum indicator. Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin’s relative strength index (RSI) on the daily chart has plunged into oversold territory. Traders keep a close eye on the RSI as it can often signal trend reversal points. The crypto strategist says that since November of 2022, Bitcoin has mounted strong rallies each time the RSI dropped to oversold levels on the daily time frame. “Bitcoin’s Daily RSI equaled 2022 Bear Market RSI levels (RSI=23.93) when the price crashed into the high $70,000s. The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28). Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time.” Source: Rekt Capital/X According to Rekt Capital, historical data shows that Bitcoin may find a solid bottom between $78,000 and $71,700. “Bitcoin has made yet another Lower High on the Daily. There’s no denying that. But throughout this entire cycle, whenever Bitcoin would reach 28 or lower on the RSI… Bitcoin’s price would either bottom or be between -2% to -8% away from the bottom.” Source: Rekt Capital/X To support his stance that Bitcoin is now in the process of bottoming out, the trader says BTC may be following in the footsteps of the layer-1 protocol Cronos ( CRO ). According to Rekt Capital, CRO may be in the midst of ending its downtrend with a double-bottom pattern. “What’s interesting to see is that BTC is trying to build out a potential Double Bottom-like formation here. Whereas CRO has potentially broken out from its own Double Bottom, in fact leading Bitcoin. Other Altcoins are in varying phases of their own respective Double Bottoms.” Source: Rekt Capital/X A double-bottom structure is traditionally viewed as a bullish reversal pattern as it indicates that the asset has found a price floor and is gearing up for an upside burst. Based on the trader’s chart, he seems to suggest that CRO has taken out the resistance of the pattern at around $0.08. At time of writing, CRO is trading at $0.80. Source: Rekt Capital/X At time of writing, Bitcoin is trading for $82,207, down over 4% in the past day. 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 Bitcoin Flashing Bullish Reversal Signal, According to Trader That Nailed 2024 Pre-Halving BTC Correction appeared first on The Daily Hodl .
Bitcoin currently trades at $82K, grappling with bearish momentum as a Death Cross indicates potential for further price declines. Volume dynamics signal increasing selling pressure, highlighting a challenging environment for
Bitcoin trades at $82K, struggling below key resistance levels as the Death Cross flashed bearish signs.
Jeff Park, Head of Alpha Strategies at Bitwise, asserted on Sunday, March 9, that US President Donald Trump will hold off on further Bitcoin purchases until it reaches a price close to $60,000. Park’s remarks, shared via his official account on X, were made against the backdrop of growing speculation around so-called “budget-neutral” methods the administration might use to acquire additional BTC for the recently established US Strategic Bitcoin Reserve. Why Trump Needs Bitcoin To Drop First On March 6, 2025, President Trump issued an Executive Order creating the Strategic Bitcoin Reserve, positioning the United States to maintain a leading role in the digital asset space. The administration confirmed that it already controls roughly 200,000 BTC—valued at around $17 billion at current prices—seized primarily through criminal and civil asset forfeiture proceedings – pending an audit. While the Executive Order prohibits selling Bitcoin within the reserve, it directs the Secretaries of the Treasury and Commerce to study “budget-neutral” ways of accumulating additional BTC in the future, ensuring no extra cost to taxpayers. Jeff Park’s perspective cuts through the standard market commentary, focusing instead on the political realities that, he believes, heavily influence any presidential decision to buy BTC. In one of his posts, Park writes: “I’m going to let you in on a little secret from my primary field experience on how the BTC pitch works… I know one thing better about institutions than almost anyone else: public officials almost never buy bitcoin on trend/momentum and certainly not at the highs. The reason is simple – they don’t want to get fired when the inevitable drawdown hits or worse, ruin their reputation in the public domain.” He goes on to argue that political figures, especially one as scrutinized as the US President, face an asymmetric risk profile. The fallout from buying at a higher price—only to see the market correct—can be devastating from a public-relations standpoint. Park surmises that the incentives for officials shift dramatically when BTC dips to more attractive levels. He notes: “Can you imagine the headlines that will come for Trump if he buys bitcoin at $100k and it goes to $70k? On the positive side, if BTC gets to very cheap levels, the incentives for politicians and sovereigns to buy will increase… It is always +EV for the incentive calculation of an executive branch (which must win elections) to wait for BTC to get to $60k and buy and take credit.” Park stresses that while a strategic reserve might be intended as a long-term store of value, public officials seek to avoid backlash in the event of immediate downside price volatility. This underlying political pressure, he contends, makes them less likely to make “high-risk” moves—especially ones that might expose them to questions about accountability. The newly formed Strategic Bitcoin Reserve, often branded by the administration as a “digital Fort Knox,” is explicitly designed to remain untouched over the long haul. White House Crypto and AI Czar David Sacks has likened it to “a 21st-century bulwark of national financial security,” underscoring the administration’s ambitions for American cryptocurrency leadership. However, Park argues that certain conditions must be met for a reserve program to gain genuine traction. Among them are “programmatic buying vs discretionary ‘studies,’” shared decision-making (to distribute accountability), and an element of permanence—either through legislative safeguards or authoritative action undertaken behind closed doors. Park’s admiration for public pension Chief Investment Officers who have proactively incorporated Bitcoin also highlights the contrast in decision-making timelines: “This is at the core why I give so much RESPECT to the public pension CIOs that have bought BTC or invested in crypto strategies. They are simply true patriots – committed to long-term thinking for the benefit of all against the potential privatized loss of one’s self. Heroes.” His applause underscores how these executives, unlike politicians seeking reelection or mindful of wide public scrutiny, often have more leeway to invest for the long haul, provided they have fiduciary guardrails in place. At press time, BTC traded at $82,389.
Bitcoin (BTC) and Solana (SOL) once again in the spotlight as it surges toward new all-time highs. This bullish momentum has investors looking for the next altcoins poised for explosive growth. While XRP remains a strong pick, a handful of altcoins, including OFFICIALMAGACOIN could deliver 10x gains or more in the coming months. Why OFFICIALMAGACOIN Stands Out from the Crowd Exclusive Early-Stage Investment Unlike MATIC, ETH, APT, and INJ, which are already widely available on major exchanges, OFFICIALMAGACOIN is currently in its presale phase. This exclusive availability offers early investors a massive advantage before mainstream adoption kicks in. High-Upside Potential at a Low Entry Price Priced under $0.20, OFFICIALMAGACOIN presents one of the best risk-to-reward ratios in the market. Many experts believe this early-stage gem could replicate the growth of Bitcoin’s early investors. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN N OW! How OFFICIALMAGACOIN Compares to Other Top Altcoins Bitcoin (BTC): The leader, but 10x growth is unlikely at this stage. XRP: A strong performer, but not an early-stage opportunity. Polygon (MATIC): A top Layer-2 network but already well-established. Ethereum (ETH): A market leader but faces increasing competition. Aptos (APT): A promising blockchain, but not as exclusive as OFFICIALMAGACOIN. Injective (INJ): A growing DeFi powerhouse, yet OFFICIALMAGACOIN offers more early-stage potential. Act Fast Before Prices Skyrocket! With over $4.3 million already raised, OFFICIALMAGACOIN is gaining rapid traction. As more investors pile in, prices are expected to climb, making this a rare opportunity to get in early. LIMITED TIME ONLY! USE PROMO CODE MAGA50X TODAY FOR A 50% EXTRA BONUS! Get a 50% Bonus with Code MAGA50X! For a limited time, investors can increase their holdings by 50% using promo code MAGA50X , making this the perfect time to invest. Website: OFFICIALMAGACOIN Twitter/X: https://x.com/officialMAGAx Continue Reading: Bitcoin Whales’ Under-the-Radar Picks: These 5 XRP-Linked Coins Are Set to Move!