Spot Bitcoin ETFs in the U.S. shifted back to outflows on March 3 as Bitcoin retraced gains, driven by a risk-off sentiment stemming from trade tensions and skepticism over a U.S. crypto reserve fund. According to data from SoSoValue, the 12 spot Bitcoin ETFs resumed their outflow trend on Monday, with $74.19 million exiting the funds following a previous day of net inflows totaling $94.34 million . BlackRock’s IBIT led the outflows for the third consecutive day, with $77.97 million in net redemptions, while Grayscale’s GBTC continued its outflow trend with $54.39 million withdrawn by investors. ARK and 21Shares’ ARKB bucked the trend with $58.18 million in net inflows. The remaining nine BTC ETFs saw no activity on the day. The total daily trading volume for these investment products stood at $5.99 billion on March 3, while total net inflows since their launch amounted to $36.97 billion as of press time. Meanwhile, the nine Ethereum ETFs recorded their eighth consecutive day of outflows on the same day, with $12.10 million exiting the funds. The negative flow was led by BlackRock’s ETHA, which saw investors withdraw $16.06 million. Some of these outflows were offset by $3.96 million in inflows into Bitwise’s ETHW fund. The remaining seven ETH funds remained neutral on the day. The significant outflows from these ETFs come amid a risk-off sentiment among investors, driven by U.S. President Donald Trump’s confirmation that the U.S. will impose 25% tariffs on Canada and Mexico starting March 4, eliminating hopes for a last-minute deal that could have eased trade tensions. In response, both countries have vowed to retaliate. Additionally, a 10% tariff on Chinese imports will take effect the same day. You might also like: CryptoQuant CEO says Trump turned crypto into ‘a weapon of the United States’ Further concerns stem from Trump’s announcement of plans to establish a U.S. Crypto Strategic Reserve, which would consist of a basket of crypto assets, including Bitcoin and Ethereum, as the core holdings. While the initiative aims to position the U.S. as the “Crypto Capital of the World,” it has drawn criticism from the crypto community, with many arguing that it contradicts Bitcoin’s core principle of decentralization. Some fear that a currency designed to be free from government control may now be subject to U.S. government actions. Bitcoin ( BTC ), which surged 11% to an intraday high of $94,770 on Monday, retraced 9.5% to trade at $84,011 at press time as investors adopted a risk-off stance amid escalating trade tensions and concerns over the feasibility of the strategic reserve plan. Ethereum ( ETH ) also took a hit, dropping 13.8% over the past day to $2,098 at the time of writing. Weighing in on Bitcoin’s recent volatility, Matt Mena, crypto research strategist at 21Shares, told crypto.news that the market reaction is driven by “renewed fears of inflation and economic uncertainty,” though he believes the selloff is an overreaction. According to Mena, many investors anticipated this move, and as futures markets adjust overnight, Bitcoin could find stability when trading resumes. “When the market opens [on March 4], we’ll likely see this stabilize as the futures market corrects for today’s move,” he said. While short-term price swings due to macroeconomic events like tariffs may continue, Mena believes these developments are ultimately laying the groundwork for “long-term growth and mainstream financial integration.” Read more: Trump’s cryptocurrency reserve proposal ‘lacks details’: pro
Bitcoin has recently seen a significant market correction, yet signs suggest potential buying opportunities for savvy investors looking to capitalize on future gains. Despite Bitcoin’s price fluctuation, decreasing open interest
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysts weigh in on whether XRP and ADA are worth buying or if a rising DeFi project like Remittix offers a better upside in 2025. Table of Contents XRP: Riding Trump’s Strategic Reserve announcement Cardano: Capitalizing on Strategic Reserve hype Remittix: The DeFi disruptor analysts are watching Setting the stage for 2025’s big movers Investors are buzzing about the US president’s plan to include certain digital assets like XRP and Cardano (ADA) in a federal “Strategic Crypto Reserve.” These tokens have jumped as a result, though analysts caution that major swings are still possible. Interestingly, an emerging cross-border payment solution called Remittix is also picking up steam, with some experts expecting it to outshine more established coins in 2025. Below, we assess the current state of XRP, ADA and reveal why many are now betting on Remittix for substantial returns. XRP: Riding Trump’s Strategic Reserve announcement XRP jumped 24% after US President Donald Trump suggested that the asset be included in a US crypto reserve program. Volume exploded 427%, taking XRP as high as $2.97 prior to closing at $2.77. The rally indicates that new capital is entering XRP markets, lifted by revitalized interest in cross-border payments. Ripple CEO Brad Garlinghouse praised Trump’s inclusionary strategy, criticizing maximalist tendencies of precluding several chains. XRP is still trading technically above its 50-day moving average at approximately $2.72 with steady bullish momentum. XRP could hit $3.00 on the upside in the near term if it surpasses resistance at $2.84. A drop below the support zone at $2.50, however, could trigger a fallback into the $2.30–$2.35 region. Cardano: Capitalizing on Strategic Reserve hype Cardano (ADA) also witnessed a 60% price explosion, jumping from $0.64 to $1.19 after Trump’s reveal of ADA’s place in the future federal reserve. Whale investors and rising network activity also helped the surge. On-chain data reveals that whales have been accumulating ADA after it fell to $0.57 in anticipation of a bounce. President Trump’s recognition of Cardano signals its track record of scalability and solid governance. Market commentators view ADA’s 12-week high as a possible launching pad for additional gains. In case momentum runs out or in case key resistance levels hold strong, ADA can consolidate. Nonetheless, whale accumulation and dApp utilization activity chart a solid basis for additional growth. You might also like: SHIB faces challenges while Remittix gains traction with real-world solutions Remittix: The DeFi disruptor analysts are watching While XRP and ADA chase attention from government-driven news, Remittix is blazing its own trail by tackling cross-border payments. This DeFi platform enables users to trade more than 40 cryptocurrencies for fiat transfer money to any bank in the world without hidden charges. By simplifying transactions that would otherwise take days, Remittix is aiming to take over a $190 trillion remittance market. Having sold more than 510 million tokens and raised over $13.4 million, Remittix presale has already turned early birds into four-digit-percent winners, irrespective of 2025’s turbulent environment. The platform’s PayFi architecture is also finding favor with merchants who want speedy crypto settlement in fiat without traditional banking bottlenecks. Security also stands out with every transaction publicly recorded, making manipulation riskier. Experts point to this use case in the real world, reducing transfer costs and times as the top reason why Remittix can potentially surpass tokens that are more hype-driven or make incremental tech improvements. As analysts predict 200% returns in the short term and potentially higher in the longer term, Remittix is an attractive option for investors who want a solutions-driven project instead of speculation. Setting the stage for 2025’s big movers XRP is poised to benefit if the hype around a US-led strategic reserve continues, but crucial support at approximately $2.50 must hold if it is to retain its bullish bias. ADA’s whale-driven rally, on the other hand, is yet to display any indications of abating as big holders ramp up their stakes. As these popular coins battle for market share, Remittix stands out for tackling actual financial headaches, making waves with real-world applications in cross-border remittances. Amid a space more often than not fueled by hype, this practicality can put Remittix in line for outsized returns through 2025. For investors looking for diversification away from coins in the spotlight, Remittix could be the next big thing. To learn more about Remittix, visit the website and socials . Read more: Cardano, XRP investors seeking higher gains turn to viral altcoins like Remittix Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Bybit CEO: 77% of Stolen Funds Still Traceable, 20% Untraceable, and 3% Frozen (Approximately $1.2B ETH Hack) 💰Coin: ETH ( $ETH ) $2,094.17
As the implications of recent tariff threats from the Trump administration unfold, the U.S. financial markets are positioning themselves for potential volatility. Notably, the S&P 500 index has declined approximately
Arthur Hayes, the CIO at Maelstrom Fund, said that he firmly believes the Bitcoin bull market cycle is still ongoing. He added that the worst bottom would be the historical high of the previous cycle, which was $70K. In his latest blog post, Hayes disclosed that he was not sure whether Bitcoin prices would drop that low (to $70K), adding that he expected Bitcoin’s fall to around $80K to provide an opportunity for another entry if this round of increase was just a ‘dead cat bounce.’ He also said that traders would cautiously buy on dips, avoid leverage, and patiently wait for the final violent fluctuations in the fiat financial markets regardless of how the market changed. According to Fidelity Investments, we were now 28 months into the current crypto bull market after Bitcoin’s price made a bear market bottom in November 2022. The investment firm noted that Bitcoin’s price was up over 400% from its November 2022 bear market lows despite the drop at the end of February. Fidelity noted that while no one was able to tell the future, it was helpful to consider that crypto bull markets historically tended to run for just under 3 years before entering a new bear market. Fidelity also claimed that we could be in the mature phase of this bull cycle if the market continued to follow this pattern, but past performance was not a guarantee of future results. However, the research director at Fidelity Digital Assets Chris Kuiper asserted that it was too late for the speculators who wanted another frenzy for this cycle. Hayes expresses unwavering belief in the ongoing Bitcoin bull market 🔥 Hot: Arthur Hayes' Latest Blog: The crypto market is still in a bull cycle, and Trump’s artificial recession will force the Fed to cut rates. Arthur Hayes believes we are still in a bull cycle, with BTC potentially retracing to $70,000 in the worst-case scenario. — Coin8 Exchange (@Coin8_Exchange) March 4, 2025 Hayes postulated that the crypto market was still in a bull market cycle. He claimed that Bitcoin was expected to break through $1 million or even higher as the global economy recovered under the leadership of the United States. Karel Mercx, investment specialist at Beleggers Belange, also agreed with Hayes’ that we were still in a bull market. Merxc said that the recent breakdown was a fake-out, but now the expected scenario is a breakout to the upside in the coming weeks or months. Hayes, however, observed that the global market might experience ‘synchronized adjustment’ if the S&P 500 index or the Nasdaq 100 index dropped 20% to 30% from their historical highs. He believes that at that time, all risk assets will be sold off together, and Bitcoin will likely fall below $80K again or even retrace to $70K. The crypto asset could witness more ‘bloodshed’ before consolidating. The crypto entrepreneur revealed on Friday morning that he was tempted to add more risk to his holdings, although he figured that Bitcoin could see one more violent wave below $80K upon further analysis of the crypto asset’s price action. He said that there would be “crickets for a while” after the violent wave, meaning that Bitcoin would consolidate and trade range-bound for some time. Hayes doubts whether Trump’s strategic Bitcoin reserve will work out as planned Hayes said he doubts Donald Trump’s administration will get around to creating a strategic Bitcoin reserve, a policy many crypto enthusiasts were pinning their hopes on. However, he added that he hoped he was wrong regarding the implementation of a Bitcoin reserve. He pointed to the limited time frame before the midterm elections, which could restrict the ability to implement substantial policy changes, as well as the fact there were many other things to allocate time and money to. Hayes pointed out that he was sure Trump wanted to finance his “America First” policies through debt, arguing that Trump had ‘so much borrowing capacity’ before he destroyed the bond market. He wondered whether Trump would borrow funds to buy more Bitcoin, give health care to the seniors who voted him in, or build more bombs so that the defense lobby likes him. “I don’t think Trump will get around to doing a bitcoin reserve.” – Arthur Hayes The former BitMEX boss said there were many different things Trump could borrow money to spend it on, adding that he did not think Trump was going to spend it on Bitcoin. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The post Why Ethereum Price is Down Today? How Low Will ETH Price Crash? appeared first on Coinpedia Fintech News Bitcoin and other major cryptocurrencies fell on Tuesday as optimism around the proposed US Crypto Strategic Reserve faded. The drop also coincided with rising trade tensions, as President Trump confirmed that tariffs on Canada, Mexico, and China would go into effect in hours. Amidst a broader market downturn, Ether (ETH) is hitting levels not seen since November 2023, as volatility from U.S. President Trump’s trade war threat continues to impact the market. ETH has dropped 15% in the last 24 hours. Its market cap also witnessed a decline over 13% to $252.89 billion. After a brief spike above $2,500 following Trump’s crypto reserve announcement, Ethereum has now collapsed to $2,050, erasing all its weekend gains. Ether’s Lackluster Performance Ether has seen a decline over the past three months, largely due to negative investor sentiment and underperformance compared to Bitcoin. Additionally, weak institutional demand and broader macroeconomic factors like fears over the trade war, concerns about inflation, and ongoing stock market weakness have contributed to a decrease in risk appetite among investors. All of these factors together have weighed heavily on Ether’s price. Its Open interest has dropped over 10.8% to $18.8 billion, while 24-hour liquidations have surged to $209 million, according to Coinglass data. Meanwhile, Polymarket bettors are forecasting a 76% chance of ETH reaching $1,900 by the end of the month. Ether ETF Outflows Add To the Plight Additionally, Ether ETFs experienced significant outflows last week, totaling $335 million, adding to the overall bearish sentiment. BlackRock’s iShares Ethereum Trust (ETHA) was hit the hardest, with more than $164 million leaving the fund since February 24. The price of ETHA shares has also fallen sharply, dropping over 38.6% since the start of 2025 to $16.09. This indicates a complete loss of institutional interest in Ethereum, erasing all the gains it made after the US election. Worst Quarter In ETH’s History? The ETFs are now down 40% since their launch eight months ago and 49% below their highs in December 2023. “The worst part for investors is that ETH still has a long way to fall,” noted Peter Schiff. With a 36% drop in ETH’s price since the start of 2025, this could become the worst-performing Q1 in its history. Analyst Venturefounder pointed out that a drop to $1,600 would make this the worst quarter in Ethereum’s history, worse than the decline in Q1 2018 after the previous cycle’s peak. However, despite Ethereum’s current drop to $2,000, market analysts believe it presents a buying opportunity for investors.
The post Why Crypto Is Crashing Today: Will Crypto Summit 2025 Ignite a Bull Run? appeared first on Coinpedia Fintech News The crypto market today has been struggling through the rough winds, amidst liquidity concerns, and CME gaps. The turbulence has led to the market cap of the business sinking by 10.62% to $2.75 trillion. Investors are now hopeful of the “Crypto Summit” scheduled on March 07th, to ignite a bull run. Bitcoin Price Now Stands at $84k! Market dominance comes at a cost, and Bitcoin has taken the brunt of the larger market turmoil. After dropping to a 24-hour low of $82,467.24 from its intraday peak of 93,664.05, BTC is currently changing hands at $84,033.44. The 9% price spike, despite the $1 billion liquidations, entrusts hope of Bitcoin’s comeback in the very short term. Talking about other metrics, BTC’s market cap currently stands at $1.84 trillion, with daily volumes spiking up by 14.15% to $76.01 billion. For a sneak peek into BTC’s future price, read our Bitcoin Price Prediction 2025, 2026-2030! Altcoins Tumble Amid Strong Headwinds Ethereum has faced a steep price drop of 13.95%, with a face value of $2,101.58. And Ethereum’s direct rivals Solana and XRP have also taken heavy hits, losing 18.86% and 16.55%, respectively. Interested in decoding XRP’s future price trend? Check out our Ripple (XRP) Price Prediction 2025, 2026-2030! Top Gainers: PI: +3.49% to $1.74 XAUt: +0.94% to $2,883.68 PAXG: +0.79% to $2,888.99 Top Losers: Sonic: -24.37% to $0.544 ADA: -23.79% to $0.8114 TRUMP: -22.83% to $12.36 Subscribe to us, for timely updates on crypto news and crypto prices! FAQs How much does 1 BTC cost today? At the time of writing, 1 Bitcoin is trading at $84,033.44. Which tokens have surged the highest today? Pi, XAUt, and PAXG have recorded the highest gains today, rising by 3.49%, 0.94%, and 0.79%, respectively. How has Ethereum performed today? Ethereum price has dropped 13.95% in the past 24 hours, trading at $2,101.58.
Kraken has announced a significant breakthrough as the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit with prejudice. This decisive action means that Kraken will face no penalties, no changes to its business operations, and no admission of wrongdoing. The case, initially filed in November 2023 for allegedly mishandling customer funds … Continue reading "Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice" The post Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice appeared first on Cryptoknowmics-Crypto News and Media Platform .
Nasdaq submitted a filing for Grayscale's Hedera ETF to the SEC. Hedera and Litecoin are considered top contenders for ETF approval. Continue Reading: Spot Hedera ETF Approval Sparks Excitement in Cryptocurrency Market The post Spot Hedera ETF Approval Sparks Excitement in Cryptocurrency Market appeared first on COINTURK NEWS .