Influencer CZ has named one big thing that “beats all market volatility”
Bitcoin’s week-long slide has intensified, falling as much as 7.2% at one point to $78,226 before paring losses. The world's largest cryptocurrency has fallen 28% from its all-time high of $109,241 reached on Jan. 20, a dramatic pullback amid market turmoil and growing concerns over U.S. trade policies. The crypto market’s recent decline comes amid heightened risk aversion in financial markets, triggered by renewed tariff threats from US President Donald Trump. Trump announced that 25% tariffs on Canadian and Mexican goods will come into effect on March 4, and an additional 10% tax on goods imported from China. Beijing has vowed to take “all necessary measures” in response. Trade tensions have dampened investor sentiment, fueling a sell-off in stocks and risk-sensitive assets, with cryptocurrencies among the hardest hit. “Some of the big investors said at the end of the day, ‘you know what, I’m giving up now,’” said Zaheer Ebtikar, co-founder of crypto fund Split Capital. “There was definitely a lot more selling than usual, so it’s hard to pinpoint a specific exchange or location.” Related News: Binance Responds To Allegations That It Sells Altcoins And Drags The Market Down With Its Sales Bitcoin’s decline pushed it below key technical levels that investors have been watching for signs of a potential reversal. BTC fell below its 200-day moving average for the first time since October, while the 14-day relative strength index (RSI) entered oversold territory for the first time since September. Traders are still waiting for Trump to clarify his crypto policies, including speculation about a potential Bitcoin stockpile, said Stefan von Haenisch, director of over-the-counter trading at crypto custody firm BitGo Inc. “Given the macro environment, it’s not surprising to see where we are,” he said. Market analysts are warning that Bitcoin could see even steeper losses if sentiment in stocks continues to deteriorate. “The real panic could still be ahead. There’s always another 70%+ crash in Bitcoin’s future,” MLIV Editor-in-Chief Mark Cudmore said in a statement. Cudmore highlighted the $72,000-$74,000 range as a potential technical crisis zone that could trigger another prolonged crypto decline. Ruslan Lienkha, head of markets at crypto platform YouHodler, suggested that Bitcoin could find support around $70,000, but warned against assuming the worst is over. “We could see that level only if there is a negative sentiment in the equity markets,” Lienkha said. *This is not investment advice. Continue Reading: Market Analysts Share What They Expect Next for the Bitcoin Price Decline, Issue a Warning
The Shiba Inu price captured noteworthy investor attention on Saturday, surging 6% in the background of the crypto market recovery. Intriguingly, the price surge comes alongside a whopping 389 million SHIB token burn in February, per recent burn metrics. As an upshot, market watchers anticipate that a breakout for the meme coin looms, with analysts also forecasting the same. Shiba Inu Price Bullish Amid Massive 389M Burn As of press time, Shiba Inu price pumped nearly 6% and exchanged hands at $0.00001393. The leading meme coin bottomed and topped at $0.00001301 and $0.00001412 in the past 24 hours. While this bullish action fell in line with the broader crypto market’s recent recovery-like trend, it’s worth taking into account the massive token burn. According to metrics revealed by the official tracker Shibburn on March 1, a staggering 389.18 million tokens were burnt the previous month, February. This surge in the burn rate indicates that the meme coin’s circulating supply is further shredded. Source: Shibburn, X In turn, market watchers remain bullish about the asset’s future performance, abiding by the law of supply and demand. For context, the burn mechanism sends tokens to a null address, permanently removing them from the supply. As a result, the circulating supply diminished and totaled 584.32 trillion, with the massive burn rate surge constantly dealing blows to it. How Much SHIB Burnt To Date? Shibburn’s statistics indicated that a staggering 410.72 trillion coins have been removed from the supply to date. Intraday data revealed that 14 million coins were burnt. As a result, market watchers continue to weigh optimism over Shiba Inu price’s long-term performance. SHIB ETF Speculations Build Up On the other hand, SHIB marketing lead Lucie took to X on February 27, stating, “Wen SHIB ETF?” This statement has set off waves of speculations across the broader market as meme coin-backed ETPs have been in the trends lately. Notably, dog-themed meme crypto Dogecoin has secured a vital milestone in this field. CoinGape reported that Grayscale Investments, CoinShares, and WisdomTree have submitted applications for DOGE ETF approval . The U.S. SEC acknowledged Grayscale’s filing, with approval odds gaining substantial weight in recent days. This broader development has fueled hope for other meme coin-backed ETFs, such as a potential SHIB ETF. Shiba Inu’s price could substantially leverage this, given the market sees such a feat ahead. Market Analyst Forecasts Bullish Outlook For SHIB Price If Buyers Step In Simultaneously, renowned analyst ‘Rose Premium Signals’ posted on X, spotlighting the crucial support of $0.00001461 for SHIB price. As per the analyst, if buyers step in now, the meme coin could see a bullish movement toward the resistance of $0.00002941 and $0.00003738. Source: Rose Premium Signals, X Further, the highly bullish target remains $0.00004401, per the analyst. Overall, traders and investors extensively eye the token amid a recovery-like trend and token burns, The constant SHIB burns continue to bolster the crypto’s tokenomics, urging the price to move upwards. The post Shiba Inu Price Eyes Breakout Amid 389M SHIB Token Burn, Here’s All appeared first on CoinGape .
Disclaimer: This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. Continue Reading: Preston Pysh Partners with Debifi as a Strategic Advisor to Advance Innovation in Bitcoin-Backed Lending The post Preston Pysh Partners with Debifi as a Strategic Advisor to Advance Innovation in Bitcoin-Backed Lending appeared first on COINTURK NEWS .
The post CBI Cracks Down on Gainbitcoin Scam in India, Seizing $2.75M in Cryptocurrency appeared first on Coinpedia Fintech News In the strongest-ever move to uncover the infamous Gainbitcoin scam – allegedly orchestrated by Amit Bhardwaj (deceased) and Ajay Bhardwaj, the Central Bureau of Investigation, the central investigation agency of India, has conducted raids in at least 60 locations across the country and seized cryptos valued at approximately $2.75 million. Curious to know more details? Read on? CBI Seizes $2.75 M in Cryptos in Nationwide Raids In a press release , the CBI acknowledges the rumours that it has conducted raids in nearly 60 locations across India in connection with the infamous Gainbitcoin scam case – which was transferred to them for a detailed investigation by the top court of the country, the Supreme Court of India, after the registration of multiple First Information Reports across states in connection with the scam. Reports suggest that the raids have been conducted in several major cities, including Delhi, Pune, Nanded, Kolhapur, Mumbai, Bengaluru, Chandigarh, Mohali, Jhansi and Hubli. As per reports, several important pieces of evidence, including 121 documents, 34 laptops and hard disks, 12 mobile phones and several email and instant messaging data dumps, have been seized during the raids. The press release of the CBI confirms the reports that several crucial documents and electronic devices have been seized during the raid. Importantly, reports state that the central agency has seized cryptocurrencies worth no less than $2.75 million during the raids. Gainbitcoin Scam: How It Defrauded Investors It was in 2015 that the infamous Gainbitcoin Ponzi scheme was launched. As mentioned above, it was alleged that Amit Bharadwaj (deceased) and Ajay Bhradwaj played a crucial role in orchestrating this fraud scheme. Like every successful Ponzi scheme, the Gainbitcoin scheme also attracted people with a massive monthly return. It promised investors a striking monthly return of 10% on BTC investments for 18 months. Initially, everything worked smoothly. Naturally, it helped the scammers attract more victims. Its multi-level marketing model complemented its growth and expansion significantly. The collapse commenced when withdrawals were suspiciously switched to an in-house cryptocurrency, MCAP. In 2018, Amit Bharadwaj and his team, including Ajay Bhradwaj, Nikunj Jain and Sahil Baghla, were booked in connection with the scam, and produced before a special court. Multiple FIRs were registered across the country in connection with the scam in a very short span of time. 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OpenAI CEO Sam Altman announced the release of GPT-4.5, the latest iteration of the company’s flagship artificial intelligence (AI) model. Altman warned that, while this was not a reasoning model and won’t crush benchmarks, it has improved on its previous version in the conversational department. “It is the first model that feels like talking to
Solana (SOL) and Cardano (ADA) were unstoppable forces in 2021, but a new token is displacing them this cycle. At the time of writing, Cardano and Solana are both having difficulty returning to their previous highs, with Cardano trading at $0.60 and Solana at $131.10. With more than 3,400 investors and more than $1.8 million already secured, MUTM is currently in phase 2 of its presale. Investors have a unique opportunity to enter the market before the price spikes 33.33% to $0.02 in phase 3. In a few months, Mutuum Finance should hit $3, offering investors a whopping 200x return. Cardano and Solana: Can They Reclaim Their Former Glory? Two of the most well-known cryptocurrency companies in 2021 were Cardano (ADA) and Solana (SOL), which saw enormous bull runs and hit all-time highs. Both are still having difficulty recovering as of right now. Solana is presently trading at $131.10, still well below its all-time high of around $258, while Cardano is trading at $0.60, a long cry from its $3 peak. Both projects have seen fierce competition and market changes as a result of the overall market slump, despite their ongoing growth and robust communities. Consequently, in search of more profits, investors are turning to Mutuum Finance. Mutuum Finance (MUTM): The DeFi Investment Set for Explosive Growth Investors are flocking to purchase tokens before the price goes up as Mutuum Finance gains a tremendous amount of traction. Even though MUTM is just $0.015 and in Phase 2 of presale, demand is going through the roof. With more than 3,400 investors investing more than $1.8 million, the price will shortly rise 33% to $0.02, so it is the ideal time to invest before the next rise. When MUTM begins at $0.06, an investment today may yield 300% returns. And if expert projections are anything to believe, the token may reach $3, and early adopters may reap life-altering benefits. Revolutionizing Crypto Lending By granting consumers complete control over their assets, Mutuum Finance is revolutionizing decentralized lending. The site can let you access liquidity without selling your cryptocurrency or generate passive revenue as a lender. Peer-to-Contract (P2C) lending: Smart contracts automatically modify interest rates in response to market demand and manage loan pools. Peer-to-peer (P2P) lending does not involve intermediaries. Instead, users are allowed to choose their own terms, interest rates, and collateral, creating a customizable, decentralized borrowing experience. With this dual-lending system, Mutuum Finance improves the efficiency, transparency, and usability of lending and borrowing. The first priority is security. To provide full openness for investors, the team is dedicated to open-source smart contract technology and third-party audits. Staking MUTM tokens is another way for consumers to get additional passive revenue. In order to increase liquidity and solidify its place in the DeFi market, Mutuum Finance intends to grow to other blockchain networks, including non-EVM chains. $100,000 Giveaway for Early Investors To celebrate its growing number of users, Mutuum Finance is giving away $100,000 of MUTM tokens! 10 lucky winners will each receive $10,000,a gesture to thank early birds and keep things active as the project continues toward its launch. Whereas Cardano (ADA) and Solana (SOL) are yet to reach their all-time highs, Mutuum Finance (MUTM) is fast taking center stage. It is among the most hopeful cryptocurrency options due to its new loan concept, prosperous presale, and monster growth potential. With estimated profits of 200x, early investors will be able to get in at a paltry $0.015 per token before the price shoots up to $0.02 in Phase 3. This might just be a game-changer. Get into presale right now to secure your share before the next price surge happens—don’t miss this opportunity! Also, don’t miss the $100,000 early supporter incentive. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
The US federal court’s recent dismissal of an SEC lawsuit against Hex founder Richard Heart has sparked optimism about a potential resolution in the XRP lawsuit. This development, combined with the SEC’s growing trend of dismissing crypto lawsuits, has fueled anticipation of an imminent resolution in the Ripple case. XRP lawyer John Deaton is advocating for a swift resolution to the Ripple vs SEC case, directly addressing key SEC officials and the government’s cryptocurrency team. John Deaton Urges SEC Officials for XRP Lawsuit Settlement In response to the US district court’s recent decision to drop fraud charges against Hex founder Richard Heart, pro-XRP advocate John Deaton urges the government for a swift XRP lawsuit resolution. The XRP lawyer urged key SEC officials Hester Peirce and Mark Udeya as well as crypto czar David Sacks and crypto advisor Bo Hines for the Ripple case dismissal. In an X post , Deaton wrote, “As Amici counsel and on behalf of 75K XRP holders, Hester Peirce, David Sacks, Bo Hines, Mark Udeya, when Ripple?” US Court Drops SEC Lawsuit Against Hex Founder Notably, John Deaton’s X post comes on the heels of the US federal court’s dismissal of the lawsuit against the Hex founder, imposed by the Securities and Exchange Commission. The SEC alleged that Richard Heart accumulated over $1 billion through unregistered cryptocurrency offerings and $12.1 million through defrauding investors. However, the court countered that the regulators failed to demonstrate US jurisdiction over Heart’s crypto activities. In a February 28 court ruling, Judge Carol Bagley Amon stated, The alleged misappropriation occurred through digital wallets and crypto asset platforms, none of which were alleged to have any connection with the United States…To the extent the Complaint shows that Heart misappropriated investor funds through deceptive mixer transactions, those actions occurred entirely outside of the United States. The Hex founder’s lawsuit update and John Deaton’s statement come following the SEC’s dismissal of multiple crypto lawsuits involving Coinbase, Robinhood, Uniswap, etc. In a contrasting view, former SEC official John Reed Stark perceives these developments as a warning sign, suggesting that they may ultimately lead to the agency’s destruction. Following the court win, the crypto tokens like PulseChain (PLS), PulseX (PLSX) and HEX (HEX), which the SEC alleged were securities, surged significantly. Richard Heart celebrated the victory, coupled with the tokens’ rally. In an X post, he stated, “HEX has operated flawlessly for over 5 years. Today’s decision in favor of a cryptocurrency founder and his projects over the SEC brings welcome relief and opportunity to all cryptocurrencies.” John Deaton’s Long Battle for Ripple’s Victory Significantly, John Deaton began his crusade against the SEC in response to the agency’s allegations against Ripple, taking on a role as an advocate for XRP holders. He began his journey as an amicus counsel representing 75k XRP holders, filing a writ of mandamus to question the SEC’s jurisdiction and motives. Over the four-year lawsuit, he continued to support Ripple, arguing that the SEC’s claims were unfounded. Recently, John Deaton reflected on Ripple’s significant transformations over the past few years, especially since 2020, when the SEC filed the lawsuit. He credits Ripple’s successful court battles and Donald Trump’s re-election as key factors contributing to the optimistic developments surrounding XRP ETFs. The post John Deaton Pushes For XRP Lawsuit Drop Amid Hex Founder’s Case Dismissal appeared first on CoinGape .
Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then. The altcoins are also well in the green today, with substantial gains from almost all of them. BTC Rebounds $7K It was a violent week , to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again. By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday. The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade . Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low. Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts in Recovery Mode The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge. Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday. The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch) appeared first on CryptoPotato .
Solana (SOL) has been making waves in the crypto market due to its high demand, price rallies, and some downtrends. Recently, altcoin faced one of the biggest declines in the broader crypto market crash. More is at risk, with whale moving $516M SOL to the Coinbase Prime exchange, raising fears of a potential sell-off. With it already facing resistance, let’s discuss the potential impact of this massive whale activity. Whale Transfers Shake Solana Market Amid Price Recovery Amid the broader crypto market downturn, the Solana price crashed to a multiple-month low of $126.11. With a 15% recovery over the last 24 hours, investors are eyeing a recovery, especially given the rising investor interest and high open interest of $4.63B per Coinglass data. However, the on-chain data reveals that whales were constantly on the move earlier for buying the dip and now for the profits. Recently, one Solana whale bought $14 million worth of SOL, withdrawing it from Binance and staking the tokens. However, other whales are on the opposite side, eyeing a profit on the recent recovery. This is because the on-chain data analytics revealed several large transactions of whales moving SOL to the Coinbase Prime exchange. This includes five whale accounts unstaking 5.52M SOL, worth $810M, and depositing $516M to the Coinbase Prime, fueling speculation that major whales are looking to offload their holding. This move can either take profit or hedge against a potential downturn as $2.06 billion worth of token unlocks to happen today. Solana Price Under Pressure: Will It Crash? The Solana whale transactions indicate that a potential sell-off might take place. More importantly, this could build selling pressure as the SOL price struggles to recover. Such selling can also introduce downward pressure, resulting in further declines. Additionally, the FTX distribution would add 2.2% supply (more than $1 billion SOL) to the Solana network, making it one of the biggest unlocks. Such events increase the liquidity of the token, impacting the price on a short-term basis. More unlocks are expected in the upcoming months, so the price can face turbulence. However, as the trading volume is 28% up to $6.4B and OI surged, this indicates investors building confidence. More importantly, it is unclear when the whale will sell, so that the impact may vary significantly. Key Levels to Watch Despite a significant recovery, the Solana price is struggling to maintain its bullish momentum. At the time of writing, it hovers around crucial support levels, trading at $143.91 with a market capitalization of $72.98B. The whale moves are building selling pressure around the token, and if this pressure intensifies, the price could drop to the $100 psychological level. The SOL price might crash to $70 in the worst-case scenario. In contrast, it might surge to $180 if the buyers stepped in. Therefore, $180.28, $201.47, and $206.75 are key resistance levels to watch. Bottom Line With the recent market crash, the whale activity is in its prime, either for buying the dip or taking the most profit. Five Solana whales also unstaked and deposited $516M of SOL tokens on an exchange. The SOL price might witness a temperory downtrend if they sold these due to increased selling pressure. Investors must monitor the whale movement, SOL token unlocks, and the key support level for better Solana price prediction analysis. The post Solana Whales Move $516M Tokens to Exchange – Will SOL Price Crash? appeared first on CoinGape .