The $0.006 and $0.008 levels were the support levels to watch if WHITE retraces its gains further.
Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve recently announced by President Donald Trump should exclusively consist of Bitcoin ( BTC ). On the social media platform X, Armstrong says having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.” According to the Coinbase CEO, Bitcoin comes with the “simplest and [clearest] story as successor to gold” relative to other crypto assets. “If folks wanted more variety, you could do a market-cap-weighted index of crypto assets to keep it unbiased.” On Sunday, President Trump confirmed that the US will set up a “crypto strategic reserve” consisting of Bitcoin, Ethereum ( ETH ), XRP , Solana ( SOL ) and Cardano ( ADA ). Trump said that the reserve will help “elevate” the crypto industry while promising to ensure the US becomes the “crypto capital of the world.” According to the White House artificial intelligence and crypto czar David Sacks, more information on the US Crypto Strategic Reserve will be provided during the upcoming White House Crypto Summit slated for March 7th. Amid Armstrong’s position that Bitcoin should be the only digital asset in the US crypto strategic reserve, Ripple CEO Brad Garlinghouse says he’s glad that Trump recognizes that “we live in a multichain world.” While noting that “[Bitcoin] maximalism is the enemy of the [crypto] industry’s progress,” Garlinghouse says he will continue to champion multichain-friendly policies in Washington. “I’ve said this before – the crypto industry will achieve our goals (and beyond) IF WE WORK TOGETHER. Appreciate the crypto President Donald Trump’s vision of a government digital asset reserve representative of the industry.” 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 Coinbase CEO Brian Armstrong Says ‘Just Bitcoin’ the Best Option for US Crypto Strategic Reserve appeared first on The Daily Hodl .
Recent speculation on X suggests that President Donald Trump may propose eliminating capital gains taxes on cryptocurrency sales. Rumors circulating online indicate that an announcement could come as soon as Friday , though no official confirmation has been provided. While the potential policy has sparked excitement among crypto investors, legal experts and analysts have pointed out a significant hurdle—such a tax change would require congressional approval. JUST IN : @EricTrump and @DavidFBailey just let slip in their discord channel that they are looking to possibly announce Friday that there will be no capital gains tax on American based crypto currencies if held for more than 1 year. — Magoo PhD (@HodlMagoo) March 4, 2025 Adam Cochran, a well-known crypto analyst, directly addressed the claims on Twitter, pushing back against suggestions that Trump could implement the policy unilaterally. “The President can’t unilaterally change the tax code. Only Congress can,” Cochran tweeted. “It is one of the few Congressional powers expressly laid out in the Constitution.” He went on to mock the idea of an executive order eliminating capital gains taxes, sarcastically comparing it to declaring himself a cupcake. His argument underscores a fundamental aspect of U.S. governance: tax policy is legislated by Congress, not dictated by the President. While a President can advocate for tax changes and influence regulatory policy, capital gains tax reforms would require approval from both the House and Senate. You might also like: Michael Saylor invited to White House Digital Assets Summit
Widely followed quant analyst PlanB says Bitcoin’s ( BTC ) latest correction is now raising questions as to whether its bull cycle is on the verge of ending. In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull cycle, a lack of new all-time highs since January may indicate a bear market is starting to form. “Some questions about the Bitcoin market cycle chart. It is still measuring ‘bull market’ (red) in on-chain data. But as I explain in today’s video, we are at a crossroads.” Source: PlanB/X The analyst says there remains the potential of a V-shaped recovery after Bitcoin’s correction that tapped about $78,000 last week. “In bull markets, we can have multiple dips that are 20% or even 30% minus. However, it was still an unexpected dip. I expected more all-time highs after January’s all-time high and I expected February to be an all-time high as well, above $102,000. So we’re really at the crossroads right now. Either we’ll have a red hot bull market, a continuation of the bull market, or we enter the distribution phase into a bear phase. So what will it be? I don’t know. That’s a big question. Was this the top and is this the start of the bear market, or will we see a V-shape recovery and more bull market action?” Source: PlanB/X Based on historic precedence, the analyst says Bitcoin is likely to rally from current prices and print new all-time highs. “Yes, it has been at this crossroads each and every halving cycle. In all cycles the market has chosen bull/FOMO (fear of missing out) from here, but we have had only four cycles, not really enough to say something statistically sound. Fingers crossed for this fifth cycle.” Bitcoin is trading for $84,377 at time of writing, down 6.5% in the last 24 hours. 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: DALLE3 The post PlanB Says Bitcoin Bull Market at New Crossroads Following Deep Correction – Here’s His Outlook appeared first on The Daily Hodl .
In a significant development for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Cumberland DRW LLC, a Chicago-based trading firm. This
The upcoming White House Crypto Summit on March 7 seeks to redefine US crypto policy with high-profile attendees in the digital asset space. This summit represents a pivotal moment for
Cryptocurrency trading firm Cumberland DRW recently announced a pivotal development regarding its legal standing with the U.S. Securities and Exchange Commission (SEC). On March 5th, the firm revealed it has
UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X.
The White House will host a highly anticipated crypto summit on Friday, but the event will be more exclusive than previously expected, according to crypto journalist Eleanor Terrett. Terrett explained in a statement that as of this morning, official invitations for the White House Crypto Summit have not yet been sent out. However, sources close to the process indicate that the guest list will be smaller than initially expected, with only around 20-25 attendees. The event will take place in a roundtable format at the White House and will include prominent figures from both the crypto industry and the Presidential Working Group (PWG) on Digital Assets. Confirmed industry participants include Michael Saylor, the executive chairman of MicroStrategy and a prominent Bitcoin advocate. Other notables expected to attend include Bo Hines and US crypto chief David Sacks. While the full list of participants remains unclear, Terrett noted that the PWG is comprised of high-level government officials, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, as well as the heads of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Related News: Bitcoin Price Decline Dominates, Ethereum Saw Below $ 2,000 - What Causes the Decline? Here is the Latest Situation Following the roundtable discussions at the White House, a larger, invite-only reception is being held in another room to accommodate those not involved in the main event. This separate meeting is expected to bring together additional stakeholders from the cryptocurrency industry and policy circles. Plans for the summit are still being finalized, and last-minute changes remain a possibility. *This is not investment advice. Continue Reading: Inside Information Leaks About Friday’s Big White House Cryptocurrency Summit – Here are the Latest Information
U-turn in markets sends crypto crashing. Second-worst day for crypto ever. ‘Reserve coins’ all dump 20%+. Fear & Green index back to 24. Crypto leaders chide XRP, ADA inclusion in reserve. Rationale for ETH, SOL in reserve unclear: Bernstein. ETH/BTC ratio hits another 4-year low. Crypto ETPs see $2.9b outflow in 3-week streak. $1.4b Bybit funds laundered through Thorchain. Rumours of tax breaks for crypto announced Friday. BTC will go to $200T: Saylor. Hyperliquid ‘insider’ up $81m on ETH short. SEC introduces crypto task force members. SEC to drop case against Kraken. Coinbase probes cost of SEC’s ‘war on crypto’. NYSE Arca proposes rule change to list DOGE ETF. Tether appoints new CFO to improve transparency. SBI in Japan to support USDC. Australia has no plans for crypto strategic reserve. Vietnam to introduce crypto regulations in March.