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The article discusses the growing sentiment among cryptocurrency analysts that Bitcoin could potentially outlast the US dollar, especially in light of President Donald Trump's recent global tariffs. These tariffs, which include a 10% baseline on all imports and harsher reciprocal tariffs on countries with significant trade deficits with the US, have led to a decline in the US Dollar Index and sparked fears of a broader economic downturn. Analysts like Jeff Parks from Bitwise Invest and Hunter Horsley, CEO of Bitwise, argue that with diminishing trust in the US dollar and other currencies perceived as weaker, Bitcoin emerges as a more appealing option for investors. The article also touches on the views of Bitcoin author Saifedean Ammous, who criticizes the US's reliance on fiat currency and suggests a shift towards hard money like Bitcoin or gold as a solution to global economic imbalances. The discussion highlights a pivotal moment where Bitcoin's role as a store of value is being seriously considered amidst economic uncertainty.
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The European Securities and Markets Authority (ESMA) has raised concerns about the potential impact of the growing crypto industry on traditional financial markets. ESMA's executive director, Natasha Cazenave, highlighted that while crypto currently represents only 1% of global financial assets, its increasing integration with traditional finance could lead to broader market disruptions if crypto prices experience sharp declines. Despite the implementation of the Markets in Crypto-Assets (MiCA) regulation in the EU, Cazenave emphasized the need for ongoing vigilance and possibly more regulatory measures to manage the risks associated with crypto-assets. She pointed out the rapid evolution and unpredictability of crypto markets, referencing recent incidents like the Bybit exploit and the collapse of FTX. Although Europe lags behind the US in crypto adoption, with over 95% of European banks not involved in crypto activities, retail investor interest is growing, aligning with global trends.
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Bitcoin's price dynamics are under scrutiny as its weekly Relative Strength Index (RSI) has hit a low not seen since the beginning of 2023, suggesting a potential price bottom around $70,000. Analyst Rekt Capital has forecasted that Bitcoin might find its floor near the previous all-time highs from 2021, indicating a possible dip to $70,000 before a recovery. This prediction is based on historical trends where Bitcoin's price typically bottoms out slightly below the level where the RSI first indicates an oversold condition. Despite the current RSI not being in the oversold territory, its recent behavior suggests that Bitcoin could still see a significant correction. Moreover, macroeconomic trends, as highlighted by network economist Timothy Peterson, could push Bitcoin's price towards this $70,000 mark, which is seen as a critical support level by many market observers. However, the article emphasizes that these insights do not constitute investment advice, and potential investors should conduct their own research.
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Ripple has announced the acquisition of Hidden Road, a crypto-friendly prime broker, for $1.25 billion, marking one of the largest mergers in the cryptocurrency sector. This strategic move positions Ripple as the first crypto firm to operate a global, multi-asset prime broker, aiming to expand its footprint in the financial services industry. The acquisition is set to bolster Ripple's offerings, particularly its stablecoin RLUSD and XRP services, by integrating them into Hidden Road's extensive network, which clears over $3 trillion annually. Ripple CEO Brad Garlinghouse highlighted the significance of this deal in bridging traditional finance with the crypto market, especially at a time when regulatory environments in the US are evolving. The acquisition not only enhances Ripple's technological capabilities but also aims to accelerate the adoption of digital assets by leveraging Ripple's unique position and the strengths of XRP.
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Bitcoin experienced a rebound as traders observed a potential weakening of the Chinese yuan, which could benefit Bitcoin's price. However, the ongoing trade war between the US and China has limited Bitcoin's upward movement, keeping it around the $80,000 mark. Arthur Hayes, former CEO of BitMEX, highlighted that either the People’s Bank of China or the US Federal Reserve could provide the necessary conditions for a significant Bitcoin rally. Meanwhile, AllianceBernstein anticipates that the Federal Reserve might lower interest rates in 2025 to stimulate economic growth, despite inflationary pressures from tariffs. Amidst these developments, Bitcoin's price has shown stability, with traders closely monitoring key Fibonacci retracement levels for signs of support or further consolidation. The market's reaction to these economic indicators and geopolitical tensions will likely influence Bitcoin's price trajectory in the near term.
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In a twist of fate, the wallet linked to the $40 million ZKasino scam lost over $27 million after a leveraged position was liquidated, following a sharp decline in Ethereum's price. ZKasino, which launched in April 2024, promised an airdrop of its native token to users who bridged Ether to the platform. However, instead of returning the funds, ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance. Nearly a year later, the wallet behind the alleged exploit was liquidated for $27.1 million, as reported by blockchain analytics platform Onchain Lens. Despite the liquidation, affected users are no closer to recovering their funds. The incident came after significant sell-offs in traditional equity markets, leading to a crypto market correction. Dutch authorities arrested a suspect involved in the scam, but ZKasino has yet to return the ETH to investors, leaving many still waiting for their funds.
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At Paris Blockchain Week 2025, Adam Back, CEO of Blockstream, discussed Bitcoin's potential to compete with gold as an inflation hedge over the next decade. He highlighted the persistent high inflation rates, predicting a 10% to 15% annual rate, which could make traditional investments like stocks and housing less attractive. Back emphasized Bitcoin's scarcity and its growing recognition as a store of value, despite a recent 30% correction from its all-time high. He noted that the significant increase in the supply of major currencies like the US dollar and the euro over the past five years might drive Bitcoin's adoption as a hedge against monetary destabilization. Additionally, the approval of US-based spot Bitcoin ETFs and a more crypto-friendly US administration under President Donald Trump could further propel Bitcoin's integration into the financial system. Back also mentioned that private investors should buy Bitcoin before governments, as government accumulation might lead to competitive buying among nations.
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A crypto enthusiast has staked a mere $0.05 worth of Solana (SOL) for an astonishing 3,000 years, as reported by blockchain analytics firm Arkham Intelligence. This unusual move has sparked a debate on whether it reflects a profound belief in Solana's future or is simply a whimsical meme trade. Vincent Liu, Chief Investment Officer at Kronos Research, interprets this as a symbolic gesture of long-term conviction in Solana's ecosystem, emphasizing the power of compounding interest over such an extended period. If SOL appreciates at a modest rate, the stake could grow to an astronomical sum by the year 5138. However, opinions vary, with some seeing it as an attempt at generational wealth, while others dismiss it as a meaningless stunt. The discussion also touches on broader existential questions about the future of humanity and blockchain technology, with some speculating on even longer-term stakes. Meanwhile, Solana's current staking rewards range from 5% to over 8%, highlighting the potential for significant returns over time.
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A fake news story about a potential 90-day tariff pause by President Donald Trump led to a significant market rally, with major indices like the S&P 500, Nasdaq, and Dow Jones experiencing substantial gains. The rumor, originating from a verified but unaffiliated "Walter Bloomberg" account on X, was mistakenly broadcasted by mainstream media outlets like CNBC and Reuters, causing a brief but intense market surge. Bitcoin also saw a temporary spike, reaching over $80,000. Despite the White House quickly debunking the news, the market's reaction highlighted its sensitivity to trade policy announcements. Observers noted that this event could embolden Trump to consider actual tariff pauses to leverage market reactions. The episode underscores the market's readiness to respond positively to any signs of trade deal progress, even if the news turns out to be false.
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Crypto lawyer James Murphy has initiated legal action against the US Department of Homeland Security (DHS) to compel the agency to reveal details about a supposed meeting with individuals believed to be Bitcoin's creator, Satoshi Nakamoto. The lawsuit stems from statements made by DHS Special Agent Rana Saoud at a 2019 conference, where she claimed that DHS agents had met with four people involved in Bitcoin's creation. Murphy's Freedom of Information Act lawsuit seeks to access any notes, emails, or documents related to this alleged interview. He argues that transparency is crucial for public interest and could potentially boost Bitcoin adoption, despite the risks to the privacy and safety of those involved. Murphy, who has been a Bitcoin investor and advocate since 2017, is supported by former Assistant US Attorney Brian Field in this litigation. The case highlights ongoing efforts to uncover Satoshi Nakamoto's identity, amidst debates within the Bitcoin community about the implications of such a revelation.
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The Conor McGregor-backed token, REAL, did not meet its $1 million minimum fundraising goal, managing to raise only $392,315 during a 28-hour presale. Real World Gaming (RWG), the developers behind the token, announced that all bids would be refunded in full due to the shortfall. Despite the setback, RWG expressed optimism about future prospects, stating that this was not the end for the project. The token launch was poorly timed, coinciding with a significant market downturn, including a sharp decline in Bitcoin value and a massive loss in US stocks, which might have contributed to the token's failure to attract sufficient investment. McGregor had previously claimed that REAL would be a legitimate and impactful addition to the crypto ecosystem, distinguishing it from other celebrity-endorsed tokens often associated with rug pulls. However, the broader market conditions, including a cooling off of memecoins and economic uncertainties, likely played a role in the token's underwhelming performance.
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Jameson Lopp, the chief security officer at Bitcoin custody company Casa, has raised concerns about Bitcoin address poisoning attacks, a type of social engineering scam where attackers create Bitcoin addresses that closely resemble those in a victim's transaction history to deceive them into sending funds to malicious addresses. Lopp's analysis of the Bitcoin blockchain revealed that these attacks started appearing in July 2023, with regular bursts occurring until January 2025, followed by a brief hiatus. Over this period, nearly 48,000 transactions were identified as potential address poisoning attempts. Lopp emphasized the importance of verifying addresses before transactions and advocated for improved wallet interfaces to display addresses fully. This warning comes amidst a backdrop of increasing cybersecurity threats in the crypto industry, with significant losses reported due to various scams and hacks, including a notable $1.4 billion loss from the Bybit hack in February 2025, attributed to North Korean hackers employing sophisticated social engineering tactics.
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Bitcoin is experiencing significant pressure this week due to a combination of factors including a "death cross" on its daily chart, where the 50-day moving average crosses below the 200-day moving average, signaling a bearish trend. The cryptocurrency has been dragged down by US trade tariffs, which have caused turmoil in global markets, pushing Bitcoin's price towards levels last seen in 2021. The market sentiment is at an all-time low, with comparisons being drawn to historical market crashes like "Black Monday" in 1987 and the market reactions during the onset of the COVID-19 crisis. Analysts and traders are on high alert, with some predicting a potential drop to $70,000, while others see this as a buying opportunity. The Federal Reserve's response to these economic pressures might include emergency rate cuts, as suggested by market expectations and expert analyses. Meanwhile, short-term Bitcoin holders are increasingly selling at a loss, contributing to the market's downward spiral.
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In a recent interview with Cointelegraph, Bryan Pellegrino, CEO of LayerZero Labs, emphasized the strategic importance of stablecoins in maintaining the US dollar's global reserve status. He described stablecoins as a "Trojan Horse" for the US dollar, capable of undermining other currencies worldwide, particularly in countries facing high inflation like Argentina and Venezuela. Pellegrino's comments come at a time when stablecoins are gaining traction among lawmakers, developers, and investors for their potential to enhance the US dollar's position in international finance. The CEO pointed out that stablecoins, due to their low transaction fees, stability, and instant settlement, are ideal for remittances and as a store of value in regions with economic instability. Furthermore, the US government's interest in leveraging stablecoins was highlighted by US Treasury Secretary Scott Bessent at the White House Crypto Summit, indicating a policy direction towards using these digital assets to extend US dollar hegemony. This approach is supported by the significant role Tether plays in the market, now being one of the largest holders of US Treasury bills, showcasing the demand for US debt instruments from stablecoin issuers.
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Michael Saylor's firm, Strategy, which holds the title of the world's largest publicly listed corporate holder of Bitcoin, did not add to its Bitcoin holdings last week despite the cryptocurrency's price dipping below $87,000. This decision came after a volatile week where Bitcoin's price fluctuated significantly, reaching a high of $87,000 before dropping. According to SEC filings, Strategy reported an unrealized loss of $5.91 billion on its digital assets for the first quarter of 2025. Despite the market conditions, the firm did not engage in selling any shares of its class A common stock, which it typically uses to finance Bitcoin purchases. As of the latest report, Strategy holds 528,185 Bitcoins, purchased at an average price of $67,458 per BTC. Meanwhile, Michael Saylor remained active on social media, emphasizing Bitcoin's utility and resilience in the face of economic uncertainties like inflation and regulatory changes.
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The article discusses the current bearish outlook for XRP, which has seen a significant price drop of over 35% since its peak in January. Analysts are pointing towards an "inverse cup and handle" pattern, a bearish signal that could lead to a further 25% decline in April if the pattern holds. This pattern is characterized by a rounded decline followed by a consolidation phase, with a potential breakdown below key support levels. Additionally, on-chain data reveals that XRP whales have been distributing their holdings, suggesting a lack of institutional support which could exacerbate the sell-off. The broader market sentiment is also affected by global economic policies, including U.S. President Donald Trump's tariffs and the Federal Reserve's hawkish stance, which might further dampen investor confidence in cryptocurrencies like XRP. The article emphasizes the importance of individual research due to the inherent risks in investment and trading decisions.
