March 2025 comes with a massive opportunity as multiple cryptocurrencies show promising upward price potential. Institutional investors are backing the Cardano price while Hedera (HBAR) continues to impact global financial operations. Yet, DTX Exchange could lead the crypto market with guaranteed 2x gains at a price $0.18 each token that will jump to $0.36 at launch. The presale phase of DTX has raised more than $15.5 million. The timing is ideal for investors to make investments based on the upside potential of these three cryptocurrencies. DTX Exchange: The Altcoin with Maximum Upside Potential Unlike the ADA and HBAR tokens, DTX Exchange could be the top altcoin choice for investors in March because it offers guaranteed 2x gains. During its presale phases, DTX successfully collected more than $15.5 million from investors. Investors can purchase the token for $0.18 in the bonus round, but after the listing, the price will rise to $0.36. The DTX Exchange platform operates through the VulcanX blockchain, which allows it to run 200,000 transactions per second. The system enables speedy trade execution without delays. Source: DTX Exchange Additionally, professionals and retail traders can execute their trades using multi-asset trading, which allows transactions in 120,000 different asset types, including forex, cryptocurrencies, stocks, and ETFs, from a single platform. The platform integrates a security feature known as Phoenix Wallet, which uses quantum-proof technology to protect funds against cyberattacks. DTX Exchange is also developing a smart contract system to boost donation and grant transparency. It has developed a multi-signature escrow system that requires multiple authentications for large transfers to ensure funds are not misused. DTX Exchange could show the highest upside potential in March due to its hybrid trading system, which is combined with fast trade execution and strong security protocols. Institutional Support Boosts the Cardano Price Surge Institutional investors keep showing interest in Cardano (ADA), along with Hedera (HBAR), which helped it rank among the most popular altcoins in March. A major boost in the Cardano price came from Grayscale’s Smart Contract Fund, which raised its Cardano investment stake by 18.23%. This development shows increasing institutional confidence in Cardano's smart contract platform because its capabilities now measure up to Ethereum standards. Source: CoinMarketCap U.S. President Donald Trump announced his plans to launch the U.S. Crypto Reserve with Cardano as one of three selected cryptocurrencies. The Cardano price surged more than 40% within a few hours after this breaking news. In just one day, the Cardano price surpassed its resistance levels by jumping from less than $0.80 to above $0.95. The strong long-term investment opportunity of the Cardano price still exists. However, experts predict emerging projects like DTX Exchange, with advanced technology and early-stage development, could show the potential for higher upside. Hedera: Strengthening Its Position in Global Finance After the Cardano price surge, Hedera gained attention in the blockchain market space after announcing a strategic collaboration with Swift to improve international payment systems. This partnership represents a major achievement in implementing blockchain solutions throughout global financial systems. The HBAR coin has experienced a significant price increase of more than 20% in the last seven days. This pushed Hedera's market cap beyond the $10 billion mark. Source: CoinMarketCap The HBAR token shows potential to break out above $0.28 resistance while maintaining its support at the $0.22 mark. The price movement of Hedera (HBAR) depends heavily on maintaining consistent trading volume and sustained open interest levels. A decrease in market metrics could trigger a brief price correction for the HBAR coin. Hedera maintains its position as a reliable investment, but the upcoming DTX listing could give investors an early chance for the highest upside in March. Conclusion Hedera (HBAR) and the Cardano price show a strong upward momentum because they secure investments from institutions and establish international collaborations. However, DTX Exchange dominates the market as the top choice for investors because it provides 2x gains on investments. The current presale phase requires investors to act quickly since the prices will rise after the launch. Investors should not miss out on this outstanding crypto investment opportunity for March 2025. For more information about DTX Exchange: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The cryptocurrency market is experiencing renewed uncertainty, with Bitcoin (BTC) facing a potential corrective phase that could influence its trajectory for months. Despite a brief surge in momentum recently, the
Cryptocurrency investors in South Korea, are you listening? A new wave of sophisticated scams is targeting your personal information and hard-earned digital assets. The Financial Supervisory Service (FSS), South Korea’s top financial watchdog, has issued a critical “caution” alert, exposing a deceptive scheme involving fake crypto compensation for personal data breaches. This isn’t just another online trick; it’s a meticulously crafted fraud designed to lure unsuspecting individuals into a web of deceit. Let’s dive deep into this alarming situation and understand how you can shield yourself from falling victim. What’s the Buzz About the FSS Alert on Crypto Scams? The Financial Supervisory Service (FSS) in South Korea isn’t taking any chances when it comes to protecting its citizens from financial fraud. Recently, they raised a red flag about an emerging scam that preys on the anxieties surrounding personal info leaks . According to Newsis, the FSS has categorized this threat at a “caution” level, signaling the seriousness and potential widespread impact of these scams. But what exactly makes this scam so concerning? Exploiting Fear of Data Breaches: Scammers are capitalizing on the increasing public awareness and fear of personal data leaks. They create a sense of urgency and legitimacy by claiming to offer compensation related to these leaks. Fake Documents and False Promises: Victims are presented with seemingly official documents, often linked to lottery retailers or lottery number prediction sites, promising fake crypto as compensation. These documents are designed to look authentic, deceiving individuals into believing they are entitled to a payout. Luring Tactics: These scams aren’t random; they are targeted. Scammers actively lure potential victims through various online channels, making their fraudulent offers appear personalized and credible. Deceptive Websites: Often, these scams involve sophisticated fake websites that mimic legitimate platforms, further blurring the lines between reality and fraud. How Do These Crypto Scams Operate? Unmasking the Deception Understanding the mechanics of these crypto scams is crucial for effective prevention. Here’s a breakdown of how these fraudsters operate: Initial Contact: Scammers often initiate contact through unsolicited messages – emails, SMS, or social media direct messages. These messages create a sense of urgency and importance, mentioning supposed compensation for personal info leaks . The Bait – Fake Compensation Offers: The core of the scam is the promise of compensation, often in the form of fake crypto or digital assets. This is particularly enticing in a crypto-enthusiastic nation like South Korea. Fake Documents and Websites: Victims are directed to fake websites or presented with fabricated documents. These resources are designed to look legitimate, often using official-sounding names and logos to mimic real financial institutions or government bodies. Request for Personal Information: To claim this “compensation,” victims are asked to provide sensitive personal info leaks – including IDs, bank account details, and even private crypto wallet keys. This is the primary goal of the scam: to steal valuable personal and financial data. The Trap – Small Fees or Investments: In some cases, victims are asked to pay a small “processing fee” or make a minimal investment in the fake crypto to unlock the larger compensation. This is another layer of deception to extract money directly from the victims. No Compensation, Only Loss: Ultimately, victims who fall for these scams receive no compensation. Instead, they lose their personal information, potentially their money, and face the risk of further identity theft or financial fraud. Why is the Korean Regulator, FSS, So Concerned? The Financial Supervisory Service (FSS) issuing a “caution” alert isn’t just a routine announcement; it’s a significant warning. Here’s why the Korean regulator is taking such a proactive stance against these crypto scams : Reason for FSS Concern Explanation Protecting Investors: The FSS is mandated to protect consumers and investors from financial fraud. These scams directly target individuals, leading to financial losses and erosion of trust in the financial system. Rising Crypto Adoption: South Korea has a high rate of cryptocurrency adoption. This makes the population a fertile ground for crypto-related scams, as many are familiar with or interested in digital assets. Sophistication of Scams: These scams are becoming increasingly sophisticated, using realistic-looking documents and websites, making it harder for average citizens to distinguish between legitimate offers and fraud. Preventing Widespread Damage: Early intervention and public awareness are crucial to prevent these scams from spreading and causing widespread financial and emotional distress. The FSS alert aims to preemptively curb the scam’s impact. Maintaining Financial Stability: While seemingly targeting individuals, widespread scams can undermine the overall financial stability and confidence in the market, which is a concern for the Korean regulator . How to Spot and Avoid These Deceptive Crypto Scams? Actionable Insights Knowledge is your best defense against these insidious crypto scams . Here are actionable steps to protect yourself: Be Skeptical of Unsolicited Offers: Any unexpected offer of compensation, especially via email or SMS, should be treated with extreme caution. Legitimate organizations rarely initiate contact in this manner for payouts. Verify the Source: Always independently verify the legitimacy of any organization or claim. Do not rely on links or contact information provided in the unsolicited message. Search for the official website of the mentioned institution (like the FSS or any lottery retailer) through a trusted search engine and contact them directly. Beware of “Too Good to Be True” Promises: Extravagant promises of fake crypto or large compensations should raise immediate red flags. If it sounds too good to be true, it almost certainly is. Never Share Personal Information Prematurely: Legitimate compensation processes will rarely, if ever, require you to provide sensitive personal or financial information upfront. Be extremely cautious about sharing details like your ID, bank account numbers, or crypto wallet private keys. Look for Red Flags on Websites: Examine websites carefully. Look for poor grammar, unprofessional design, or inconsistencies in information. Check the website’s domain age and registration details using WHOIS lookup tools. Consult the FSS and Reputable Sources: The Korean regulator , FSS, provides resources and alerts on scams. Regularly check their official website and other reputable financial news sources for updates and warnings. Use Strong Security Practices: Ensure you have strong, unique passwords for all your online accounts and enable two-factor authentication wherever possible. Be cautious about clicking on links in emails or messages from unknown sources. Empower Yourself Against Crypto Scam Threats The rise of fake crypto scams exploiting personal info leaks is a stark reminder of the ever-evolving landscape of online fraud. The FSS alert is a crucial step in raising awareness, but ultimately, your vigilance is the most powerful weapon. By staying informed, practicing skepticism, and adopting proactive security measures, you can significantly reduce your risk of falling victim to these deceptive schemes. Remember, safeguarding your personal and financial information is paramount in the digital age. Don’t let the allure of quick compensation cloud your judgment. Stay alert, stay safe, and keep your crypto journey secure. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Ethereum price is experiencing huge volatility with the ETH token touching the $2500 mark and then dropping to the $2295 mark in the same day. Analysts have found ETH alternatives that can give similar returns at a very low investment cost. These include Litecoin and DTX Exchange. Experts claim that Ethereum price is high and these low-cap investments can replicate ETH’s gains. Litecoin is in the limelight thanks to the impending LTC ETF approval, while DTX Exchange’s bonus presale round has made it the talk of the town. DTX’s high ROI and low investment cost have been the talk of the town for a while. Investors are flocking to the hybrid exchange before its listing stage, as now is the best time to invest in the token. DTX Exchange Solves The Biggest Problems In Crypto Trading DTX Exchange (DTX) , is swiftly making its way to the top of the market owing to its truly transformative technology. Experts suggest investing in DTX Exchange due to its Ethereum-like benefits at a lower investment cost. DTX is a forthcoming trading exchange platform that aims to bridge the gap between centralized and decentralized exchanges and bring the best of them on one single platform. While they plan to keep the custody portion completely decentralized, the performance of DTX Exchange is set to follow that of centralized exchanges. This innovative hybrid approach will solve some of the major blockchain world problems like high costs, a lack of asset variety, centralization, counterparty risk, and restricted access. DTX further ups the game by aiming to simplify the lives of traders by offering them access to over 120,000 financial products through its single interface. These financial products range from stocks, bonds, ETFs, cryptocurrencies, and a lot more, making it one complete package. The platform is powered by their layer-1 blockchain, VulcanX. This blockchain is known for giving an exceptional processing time for each transaction. Its testnet recently went live and gave an estimated TPS of over 200,000. This has massively increased the hype surrounding DTX Exchange as it is about to be one of the fastest exchange platforms. DTX Exchange offers features like 1000x leverage and a distributed liquidity pool. These ensure that every user has maximum market exposure irrespective of their capital size and executes every trade at the best possible price with minimum slippage. The presale raised over $15.5 million in record time, setting a benchmark as one of the best ICOs of recent times. The presale ended recently, but due to a massive surge in demand, DTX Exchange entered a bonus round, offering each token for only $0.18. Interest In Litecoin Grows Amid LTC ETFs Speculations! Because of the wider market downturn, the Litecoin price failed to break out from its resistance level at $135. Litecoin’s dip was also elongated from the dip, and its price is now at $114, down by over 6% in just one week. This dip discouraged Litecoin investors, as many believed it would lead to a drop to $98 for LTC. However, the Litecoin price is holding well at around $115 right now, which is a great sign that it might not drop further. And since Litecoin has been showing strength, institutional interest in LTC has picked up. Namely, the buzz around an upcoming LTC ETF approval is sweeping the crypto market. This has led to increased interest in Litecoin, which will only increase when the LTC ETF is approved. And since the SEC has been increasingly more favorable toward the crypto market in general, many believe that the LTC ETF will happen very soon. With this in mind, experts expect Litecoin’s price to finally break the $135 resistance and even reach $150-$200 this year. This is the reason, experts are suggesting to invest in Litecoin instead of ETH! Ethereum Price At A Crossroads: ETH’s Key Support Levels! Ethereum price increased almost 4% during the last 24 hours, breaking above a stagnation phase. Struggling below some key resistance levels during the past four days, Ethereum price surged above $2,200 and gained quite a momentum upside to reach a peak above $2,500. A toning catch remains in the resistance zone between $2,500 and $2,550. Both traders and investors alike will have their eyes peeled for confirmation of ETH continuing its way to the top or reversing into yet another correction. ETH saw a dip below $2,200 recently, while sturdy buying support came near the $2,080 mark. This level acted as a crucial support zone, preventing further declines. The Ethereum price then rebounded sharply and climbed through key resistance levels at $2,200, $2,320, and $2,350. One such technical indicator supporting this recovery is the break above a key bearish trend line between $2,240 appearing like resistance. This breakout was on the hourly ETH/USD chart fed through Kraken and was enough to give ETH the needed boost to cross above the $2,500 mark. The Ethereum price has performed a slight correction after peaking at $2,550. This is why experts suggest investing in Litecoin and DTX Exchange instead of Ethereum (ETH). Key Takeaways Ethereum price has been in a highly volatile condition with ETH touching the $2,500 mark and dropping back to $2,295 within the same day. Experts are suggesting the investors to shift to DTX Exchange and Litecoin to get better gains. Learn more: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Is the recent dip in Bitcoin price more than just market volatility? A provocative statement from Mike Alfred, a board member at Eaglebrook Advisors, suggests something more calculated is at play. According to Alfred, Wall Street’s big players might be strategically driving down the Bitcoin price . But why would they do that, and what does it mean for crypto investors, especially companies like MicroStrategy? Decoding the Strategy: Why Wall Street Might Target Bitcoin Price Alfred’s assertion, shared on X, points towards a deliberate strategy by large Wall Street entities to decrease the Bitcoin price . This isn’t about organic market correction; it’s potentially a calculated move to exert pressure on companies heavily invested in Bitcoin, particularly those using leverage, such as Strategy (formerly MicroStrategy – MSTR). Let’s break down the logic: Leverage and Bitcoin: Companies like MicroStrategy have significantly invested in Bitcoin, often using debt or equity. This strategy works well when Bitcoin’s price is appreciating. The Pressure Point: If the Bitcoin price falls sharply, it can create financial strain for these leveraged companies. Their ability to service debt or raise further capital in traditional markets becomes compromised. Wall Street’s Advantage: By driving down the Bitcoin price , Wall Street could potentially force these companies into a difficult position, impacting their capital markets access. In essence, it’s a high-stakes game of financial maneuvering. But is there evidence to support this claim, and what are the potential implications? MicroStrategy and the BTC Bet: A Prime Target? MicroStrategy, now known as Strategy, stands out as a significant example in this scenario. Their aggressive accumulation of Bitcoin has been well-documented. They hold a massive amount of BTC on their balance sheet, making them highly sensitive to Bitcoin price fluctuations. MicroStrategy BTC holdings are not just an investment; they are a core part of their corporate strategy. A substantial drop in Bitcoin price could: Impact their stock price (MSTR): As a publicly traded company, MicroStrategy’s stock price is closely tied to Bitcoin’s performance. A BTC downturn can negatively affect investor confidence and MSTR’s valuation. Create balance sheet pressure: Significant unrealized losses on their Bitcoin holdings could strain their balance sheet and potentially trigger margin calls or other financial challenges. Limit future BTC acquisitions: A weakened financial position could hinder their ability to acquire more Bitcoin, disrupting their core strategy. Is MicroStrategy the canary in the coal mine for this alleged BTC price manipulation strategy? It certainly appears they are a key company whose fortunes are closely linked to Bitcoin’s price action and potentially vulnerable to such tactics. The Logic of Lower Prices: More Effective Than Buying? Mike Alfred highlights another crucial aspect of this alleged strategy: generating new BTC at a lower price. He argues this is “far more effective than buying it using debt or equity.” Let’s unpack this idea: Consider this comparison: Strategy Method Potential Outcome Effectiveness Buying BTC with Debt/Equity Acquiring existing BTC in the market using borrowed funds or company stock. Increases demand, potentially driving up the Bitcoin price , benefits existing holders. Less effective for accumulating large amounts at optimal prices. Driving Down BTC Price Employing strategies to reduce the Bitcoin price . Creates opportunities to acquire BTC at lower prices, potentially through mining or OTC deals, and pressures leveraged investors. More effective for large players seeking to accumulate substantial BTC holdings at advantageous prices. Alfred’s point is that for entities with significant capital and influence, orchestrating a price dip might be a more strategic and cost-effective way to accumulate Bitcoin than simply buying it on the open market, especially when considering the scale of institutional Bitcoin investment . Is the Market Recognizing This Shift? According to Alfred, “the market is slowly starting to recognize this shift.” But what does this recognition look like, and how can investors gauge if this alleged strategy is indeed playing out? Potential indicators could include: Increased short positions: A surge in short positions against Bitcoin by institutional players might suggest a coordinated effort to push prices lower. Unusual selling pressure: Consistent and significant selling pressure, particularly during off-peak trading hours, could indicate orchestrated selling. Negative narratives: A coordinated release of negative news and FUD (Fear, Uncertainty, and Doubt) surrounding Bitcoin could be used to amplify downward pressure. Increased OTC activity: Large over-the-counter (OTC) deals happening at prices below market value could indicate strategic accumulation by certain players during price dips. It’s crucial to remember that correlation doesn’t equal causation, and market movements are complex. However, these indicators could provide clues to whether a more deliberate strategy to influence the Bitcoin price is underway. Actionable Insights: Navigating a Potentially Manipulated Market If there’s merit to the idea of BTC price manipulation by Wall Street, what can crypto investors do? Due Diligence is Key: Stay informed and conduct thorough research beyond mainstream narratives. Understand market dynamics and potential manipulation tactics. Diversification: Don’t put all your eggs in one basket. Diversify your crypto portfolio and investment strategies to mitigate risks associated with Bitcoin volatility and potential manipulation. Long-Term Perspective: Focus on the long-term fundamentals of Bitcoin and the broader crypto ecosystem. Short-term price fluctuations, even if manipulated, might not derail the long-term trajectory. Risk Management: Manage your risk effectively. Avoid excessive leverage and only invest what you can afford to lose, especially in a potentially volatile and manipulated market. Community and Awareness: Engage with the crypto community, share information, and raise awareness about potential market manipulation. Collective awareness can empower investors. Conclusion: A Strategic Game of Power and Bitcoin Mike Alfred’s analysis paints a picture of a potentially strategic game being played by Wall Street’s big players in the Bitcoin price arena. The aim, it seems, might be to exert pressure on leveraged crypto investors and create opportunities for more advantageous BTC accumulation. Whether this is indeed the case remains to be definitively proven, but the logic and potential indicators warrant attention. In the volatile world of cryptocurrency, understanding these potential power dynamics is crucial for navigating the market and making informed investment decisions. The market’s recognition of this shift, as Alfred suggests, will be a key factor to watch in the days and weeks ahead. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The start of US trade tariffs produces a fresh headache for Bitcoin bulls, with BTC price action increasingly aiming for a rematch with $78,000 lows.
A post-inauguration cooldown wasn’t unexpected, one analyst told Cointelegraph, but if Trump’s promises stall, “market sentiment will dampen further.”
Sacks' divestment highlights potential conflicts of interest and raises questions about transparency in government crypto initiatives. The post Trump’s crypto czar David Sacks confirms divesting from Solana backer Multicoin appeared first on Crypto Briefing .
In the fast-paced world of cryptocurrency and global finance, understanding the movements of traditional currencies like the US Dollar is crucial. Recent analysis from Citi suggests a compelling narrative: the risk/reward balance still leans favorably towards holding long dollar positions . But what does this mean for you, especially in the context of crypto investments? Let’s dive deep into Citi’s perspective and unpack the factors driving this outlook, and how it could impact your financial strategies. Why Does Citi Believe Risk/Reward Favors Long Dollar Positions? Citi’s stance isn’t arbitrary; it’s rooted in a comprehensive assessment of the current global economic landscape. Several factors contribute to their conviction that the US Dollar remains a strong and attractive asset. Let’s explore some of the key reasons: Global Economic Uncertainty: In times of global economic turbulence, the US Dollar often acts as a safe-haven currency. When investors become risk-averse due to uncertainties like geopolitical tensions, economic slowdowns, or market volatility, they tend to flock to the perceived safety and stability of the US Dollar. This increased demand naturally bolsters the dollar’s value. Interest Rate Differentials: The interest rate policies set by central banks play a significant role in currency valuations. If the US Federal Reserve maintains higher interest rates compared to other major central banks, it can attract foreign investment into dollar-denominated assets, further strengthening the US Dollar . This ‘carry trade’ effect makes holding dollar assets more appealing for investors seeking yield. Resilient US Economy: Despite global headwinds, the US economy has shown remarkable resilience in certain sectors. While not immune to global slowdowns, relative economic strength in the US compared to other major economies can support the dollar. Factors like robust consumer spending, a strong labor market (though this is subject to change), and innovation in sectors like technology contribute to this resilience. Dollar’s Reserve Currency Status: The US Dollar’s status as the world’s primary reserve currency is a fundamental advantage. A significant portion of global trade and financial transactions are conducted in dollars. This inherent demand provides a structural underpinning to the dollar’s strength, making long dollar positions a potentially sound strategy. Understanding the Risk/Reward Dynamics in the Forex Market The concept of risk/reward is central to any investment decision, and currency trading is no exception. Citi’s analysis suggests that the potential rewards of holding long dollar positions outweigh the risks, at least for now. To understand this better, let’s break down the risk and reward components: Factor Potential Reward (Long Dollar) Potential Risk (Long Dollar) Global Slowdown Increased safe-haven demand for USD, strengthening its value. If slowdown is US-centric, dollar could weaken. Interest Rate Hikes Higher US rates attract capital, boosting USD. Aggressive hikes could trigger recession, weakening USD medium-term. Inflation If US inflation remains higher than peers, USD can benefit as Fed tightens policy. If inflation is perceived as temporary and Fed pivots, USD could weaken. Geopolitical Risks USD strengthens as safe haven in times of crisis. Resolution of geopolitical risks could reduce safe-haven demand. As you can see, the ‘reward’ side of the equation for long dollar positions is heavily tied to global uncertainty and the US Dollar’s safe-haven appeal, combined with potential interest rate advantages. The ‘risk’ side primarily involves scenarios where the global economic picture improves significantly, reducing the need for safe havens, or if the US economic outlook deteriorates sharply relative to other regions. How Does Forex Market Sentiment Impact the Dollar? The Forex market is a complex ecosystem driven by a multitude of factors, including economic data, political events, and market sentiment. Sentiment, in particular, can play a significant role in short-term currency movements. If market participants broadly believe that the US Dollar will continue to strengthen, this collective expectation can become a self-fulfilling prophecy. Increased buying pressure pushes the dollar higher, reinforcing the bullish sentiment. Citi’s analysis likely reflects a degree of prevailing positive sentiment towards the dollar. This sentiment could be fueled by: Strong Economic Data Releases: Positive surprises in US economic data, such as jobs reports or inflation figures, can boost confidence in the dollar. Central Bank Communication: Hawkish signals from the Federal Reserve, indicating a commitment to controlling inflation through interest rate hikes, can strengthen dollar sentiment. Geopolitical Developments: Escalating geopolitical tensions or unexpected global events can trigger a flight to safety, benefiting the US Dollar. Technical Analysis: Technical indicators and chart patterns in the Forex market can also influence sentiment. If the dollar is breaking through key resistance levels, it can signal further potential upside. Actionable Insights: Navigating Currency Strength in Your Crypto Strategy So, what are the actionable takeaways for crypto enthusiasts and investors from Citi’s analysis that risk/reward favors long dollar positions ? Here are a few points to consider: USD as a Benchmark: Understand that the US Dollar often serves as a benchmark currency in the crypto world. Many cryptocurrencies are priced and traded against the dollar. A strengthening dollar can influence crypto prices, sometimes creating downward pressure, particularly for Bitcoin and other major cryptocurrencies when paired against USD. Portfolio Diversification: Currency exposure is a form of diversification. If you primarily hold crypto assets, understanding and potentially incorporating exposure to the US Dollar (or other currencies) can be a strategic move. This doesn’t necessarily mean converting all your crypto to USD, but being aware of currency dynamics is crucial. Risk Management: If you are trading crypto pairs against the US Dollar, a strong dollar environment might require adjustments to your risk management strategies. Consider hedging strategies or adjusting position sizes based on your outlook for the dollar. Macroeconomic Awareness: Stay informed about macroeconomic trends and factors that influence currency valuations. Monitor economic data releases, central bank policies, and geopolitical events. These factors can indirectly impact the crypto market through their influence on currencies like the US Dollar . Consider Dollar-Cost Averaging (DCA) into USD (or USD-pegged stablecoins): In times of USD strength, strategically accumulating USD or stablecoins pegged to USD via DCA might be a prudent approach, allowing you to have dry powder available for future crypto market opportunities. The Enduring Appeal of Currency Strength Citi’s assessment that risk/reward still favors long dollar positions underscores the enduring appeal of the US Dollar in the global financial system. While the cryptocurrency market operates with its own unique dynamics, it is not isolated from the broader macroeconomic environment. Understanding the forces that drive currency valuations, particularly for the dominant US Dollar, is essential for navigating the complexities of both traditional and digital asset markets. By staying informed and considering these insights, you can make more strategic decisions in your crypto journey. To learn more about the latest Forex market trends, explore our article on key developments shaping currency strength and global economic outlook.
Bitcoin ( BTC ) is trading in bear territory, but from a broader perspective, the asset remains in a bull market after reaching a record high of $108,000 in late January. Now, technical indicators hint at when the bull market for the maiden digital currency might end. Specifically, Bitcoin’s 50-week moving average ( MA ) is serving as a crucial support level, and a weekly close below it could signal the end of the ongoing bull market, according to crypto analyst Mikybull Crypto . Bitcoin price analysis chart. Source: TradingView In a March 4 X post , the analyst pointed out that a similar breakdown in 2021 marked the end of that bull run. Bitcoin peaked at $69,000 before closing below the 50-week MA at $42,500, triggering a prolonged bear market. Today, BTC is testing this key level again, now at around $75,000. Bitcoin price analysis chart. Source: TradingView The MA50 acts as a foundation during bull cycles, smoothing out price trends. Historically, losing this level has led to deeper corrections or the start of bear markets. Bitcoin potential rebound zone Meanwhile, analyst CipherX believes Bitcoin’s real move is yet to come, but investors should anticipate further losses before any upside push. In this case, the expert predicted a potential dip toward $78,000 before a strong bounce. Bitcoin price analysis chart. Source: TradingView His outlook indicated that BTC recently faced a double-top rejection near $110,000, breaking below the $94,000 support range. The next key level sits around $78,000, a strong historical resistance-turned-support area. Therefore, if Bitcoin holds this level, it could trigger a rebound to new highs. Bitcoin’s latest slump follows the hype around President Donald Trump’s strategic crypto reserves announcement, which briefly pushed the cryptocurrency above $90,000 before it tumbled. The move sparked backlash, with critics like economist and Bitcoin skeptic Peter Schiff accusing Trump of a “ crypto rug pull ” for including multiple cryptocurrencies rather than focusing solely on Bitcoin as he promised on the campaign trail. Adding to market jitters, Trump’s latest tariff plans are moving forward, fueling over $1 billion in liquidations across exchanges. Bitcoin’s losses could also extend further as institutional demand weakens. In this line, on March 3, spot Bitcoin exchange-traded funds ( ETFs ) recorded a $74.2 million outflow, following $2.39 billion in net outflows last week. If outflows persist, Bitcoin could test $80,000, a key level to watch. A deeper drop could invalidate hopes of a March rebound. Bitcoin price analysis Bitcoin was trading at $83,262 at press time, down 10% in 24 hours. On the weekly chart, losses stand at 6% as the bearish sentiments remain sustainable. Bitcoin seven-day price chart. Source: Finbold As things stand, Bitcoin’s price action hinges on the $78,000 and $80,000 support zone, where a breakdown could deepen losses, while a rebound may reignite bullish momentum toward $94,000 and beyond. Featured image via Shutterstock The post Bitcoin bull market will be over if this happens, according to expert appeared first on Finbold .