News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take Trump signed an executive order to create a strategic bitcoin reserve and digital asset stockpile the day before the summit. Big crypto industry players, including Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi and lawmakers such as House Majority Whip Tom Emmer, R-Minn, among others, attended the summit.
Quick Take Late Thursday, President Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve, capitalized by the approximate 200,000 BTC ($18 billion) already owned by the federal government, forfeited as part of criminal or civil proceedings. Standard Chartered Global Head of Digital Assets Research Geoff Kendrick suggested one option for funding the U.S. Strategic Bitcoin Reserve in a budget-neutral way would be to sell part of its $760 billion gold reserves.
TRUMP surged 8.43% to $15.02, breaking a descending wedge and indicating strong buying momentum. RSI stands at 59.20 points indicating mild upward strength although MACD signals possible market consolidation or a correction phase may occur. TRUMP can drive its price towards $18.00 and beyond if support stays above $13.44 despite market volatility.
Bitcoin is currently consolidating within a symmetrical triangle formation, with converging trendlines indicating a period of consolidation preceding an expected breakout soon. Technical analysis identifies key support near $86,000-$88,000 and resistance between $92,000 and $94,000, while traders monitor volume for confirmation in upcoming sessions. A recent sharp drop followed by a strong recovery formed the triangle pattern, setting the stage for a potential 20% price movement.
Analysts note that SUI remains near weekly trendline support, with intraday dips showing a test of bullish momentum and potential recovery. Technical analysis shows SUI retraced to its trendline after surging past $4.50, setting the stage for a V-shaped recovery if resistance holds. Indicators, including the 50 EMA and stochastic RSI, confirm oversold conditions, while high trading volume supports monitoring SUI’s potential for bullish activity.
The decline in USDT dominance indicates that capital is flowing into altcoins, setting the stage for a potential bullish rally. The formation of a Cup and Handle pattern in altcoin market capitalization suggests a 173% surge if the breakout is confirmed. Historical market trends and strong support levels reinforce the possibility of an explosive altcoin rally in the coming months.
Analysts report that SHIB maintains support at and above the important $0.000013 support level despite recent bearish trends in the market. Technical analysis indicates that a rally can be triggered by a buying pressure in the support region and can push SHIB’s price to approximately $0.000020. Bollinger Bands and Stochastic RSI levels indicate that SHIB is in a vulnerable position, and technical indicators are being followed by investors.
Seasoned investor Doctor Profit secures gains, selling BTC at $90K-$102K, warning traders against blindly chasing momentum. Bitcoin tests $94,382 resistance, with strong support at $85K-$88K, signaling a bullish trend toward the $100K milestone. The U.S. government’s 200K BTC holdings spark speculation, as traders watch for potential sell-offs or regulatory impacts.
Market data shows Litecoin’s MVRV ratio and price move in tandem, with the 200-day moving average serving as a long-term support benchmark. Technical analysis indicates the Stochastic RSI remains near oversold levels, while an upward crossover has aligned with price recoveries and market movement. On-chain data and indicators emphasize that maintaining support near $95 could help drive price movements, encouraging traders to engage in market participation.
XRP targets range from $9.7 to $27, with market cycles and historical patterns signaling a potential breakout. A confirmed breakout above $2.70 could drive XRP higher, while failure may lead to Fibonacci level retests. RSI at 65.29 shows strong buying pressure, but overbought conditions may trigger short-term volatility before a rally.
- 02:40FIFA to launch cryptocurrencyPANews reported on March 9 that according to Crypto.news, Gianni Infantino, president of the International Football Federation (FIFA), said that the organization may develop its own cryptocurrency token. Infantino expressed FIFA's interest in creating digital tokens to interact with global fans when he attended President Trump's White House Cryptocurrency Summit on March 7. "FIFA is very interested in developing FIFA tokens, starting here, starting in the United States, to conquer 5 billion football fans around the world." "If anyone here is interested in working with FIFA, we are here, together with the United States of America, we will conquer the football world with FIFA tokens." Despite the lack of specific details or timelines, the statement hinted that FIFA is exploring blockchain technology as a potential way to attract fans and generate revenue. Trump responded: "The value of this coin may eventually exceed FIFA. In fact, it may be a very valuable token." The statement came as FIFA was preparing for the 2026 World Cup, when the United States, Canada and Mexico will co-host the World Cup. After the summit, a cryptocurrency called "FIFA" surged. The price of the token increased by 357,000% in a single day, reaching a market value of about $8.2 million. However, the token has no connection with FIFA.
- 02:38Derivatives trading protocol MYX Finance completes $5 million strategic round of financing, with participation from FL Foundation and othersAccording to ChainCatcher, the derivatives trading protocol MYX Finance announced today that it has completed a strategic round of financing. This round of financing was participated in by leading institutions such as FL Foudation, Woyong, D11-Labs, HashKey Capital, and Metalpha. Among them, D11-Labs, HashKey Capital and other institutions have previously participated in the seed round of financing of MYX Finance. This round of financing will accelerate MYX Finance's vision of creating a "chain abstraction liquidity layer", thereby solving the two major problems of DEX "liquidity" and "ease of use", while providing users with CEX-level trading experience, retaining the composability and scenario innovation potential of DEX. In November 2023, MYX Finance has completed a seed round of financing with a valuation of US$50 million led by HongShan (Sequoia China). It is reported that MYX Finance will conduct TGE in the first quarter of this year. At present, the project has launched the Pre-TGE Pioneer Reward multiple tasks on Galxe. Community users can share 200,000 MYX tokens by completing social media group tasks, trading tasks, MLP purchase tasks, etc.
- 02:23Mark Cuban: Federal spending cuts could trigger an economic downturnMark Cuban recently expressed concerns about the U.S. economic outlook, warning that significant cuts in federal government spending could trigger a chain reaction that may ultimately lead to an economic recession.