News – Page 18

Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation

Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained. BTC market share has been steadily rising since early December, when it fell to 55% sparking hopes of an altseason that never materialized. “Savvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader altcoin market,” said Matrixport.

Source: Martin Young, 2025-03-14; https://cryptopotato.com/bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation/

Solana Foundation Deletes Controversial Ad After Crypto Community Backlash

The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity. The ad, posted on March 17 to promote the Solana Accelerate conference, attracted negative commentary from the crypto community for its references to gender and pronouns. Solana co-founder Anatoly Yakovenko, who recently with the foundation’s Executive Director Lily Liu over the SIMD-228 proposal, has since distanced himself from the campaign. He said a previous marketing effort, the “Maren ad,” had been better.

Source: Wayne Jones, 2025-03-19; https://cryptopotato.com/solana-foundation-deletes-controversial-ad-after-crypto-community-backlash/

Ripple CEO Brad Garlinghouse announced that the US SEC would drop its legal case against the company. Although this sounds like good news for everyone on the Ripple side, could it actually mean it’s time to short XRP? Here’s why. All financial markets are susceptible to the so-called ‘buy the rumor, sell the news’ effect. Ripple is not immune to this. Recall that its actual rally in late 2024 began with the US presidential elections, as with many other crypto assets, and peaked in mid-January.

Source: Jordan Lyanchev, 2025-03-21; https://cryptopotato.com/unpopular-opinion-is-it-actually-time-to-short-ripple-xrp/

$21 Billion to Buy Bitcoin: Strategy Announces Preferred Stock Offering to Fund Additional BTC Purchases

Business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock. The shares, which carry a $0.001 par value, are convertible into Strategy’s class A common stock and will be sold under an at-the-market (ATM) offering program. Strategy indicated that shares will be issued in a “disciplined manner,” depending on trading prices and volumes.

Source: Chayanika Deka, 2025-03-13; https://cryptopotato.com/21-billion-to-buy-bitcoin-strategy-announces-preferred-stock-offering-to-fund-additional-btc-purchases/

Bitcoin Price Analysis: Can BTC Reclaim $90K This Week?

Bitcoin is trapped within a tight price range, bounded by the ascending channel’s lower boundary at $78K and the 200-day moving average at $83K. A breakout from this range will likely determine the next significant market trend. Bitcoin has been maintaining a bearish market structure, recently experiencing increased bearish momentum that pushed the price below the critical $80K mark. This breakdown triggered the significant sell-side liquidity below this crucial juncture, leading to a sharp bullish rebound, likely due to smart money executing large buy orders.

Source: CryptoVizArt, 2025-03-13; https://cryptopotato.com/bitcoin-price-analysis-can-btc-reclaim-90k-this-week/

Ethereum at a Crossroads: Will ETH Fall to $1,250?

Ether has been among the biggest underperformers during the late 2024/early 2025 bull run. The asset dumped to its lowest level since November 2023 at under $1,800. Back then, ETH was charting massive gains and its price soared toward $5,000. It failed to decisively overcome the $4,000 target despite its numerous attempts to conquer it in 2024. The question raised now by analysts is whether ETH will continue losing ground and dump to $ 1,250.

Source: Jordan Lyanchev, 2025-03-15; https://cryptopotato.com/ethereum-at-a-crossroads-will-eth-fall-to-1250/

Will Trump’s ‘Short-Term Pain’ Plan Result in Long-Term Gains for Crypto?

High-risk assets such as tech stocks and crypto have been selling off heavily over the past month or so as Donald Trump’s trade war escalates. However, this could all be part of a “short term pain” masterplan in a strategy that aims to lower inflation and refinance around $9 trillion of US debt by allowing market weakness. The administration appears unified in this approach, with Commerce Secretary Howard Lutnick stating, “Stock market not driving outcomes for this admin,” Treasury Secretary Scott Bessent he’m “Not concerned about a little volatility.” Elon Musk also appears to support this strategy, saying Tesla stock “will be fine long-term” despite TSLA tanking 40% since the beginning of this year.

Source: Martin Young, 2025-03-14; https://cryptopotato.com/will-trumps-short-term-pain-plan-result-in-long-term-gains-for-crypto/

Bitcoin Price Analysis: This Key Resistance Could Prevent BTC’s Surge to $90K

Bitcoin has recently rebounded from the critical $78K support level. It is now testing a significant resistance at $85K. If it manages to reclaim this level, the next target will likely be the $90K region. However, the presence of sellers at this level suggests that further consolidation is the more probable short-term scenario. This pattern often signals a bullish market rebound if it is followed by a rebound in the long-term, as well as a surge toward the $ 90K threshold.

Source: CryptoVizArt, 2025-03-17; https://cryptopotato.com/bitcoin-price-analysis-this-key-resistance-could-prevent-btcs-surge-to-90k/

Maddow Slams Trump and Calls Bitcoin ‘Scam’ – She Got These 5 Facts Wrong

MSNBC Host Rachel Maddow calls Trump’s Strategic Bitcoin Reserve a ‘deeply old-fashioned simple scam’ She draws a striking comparison between crypto and Beanie Babies, saying, “Cryptos operate on the same idea. They have no inherent value at all, but people speculate, hoping…” President Donald Trump signed an executive order earlier that day establishing a national digital asset reserve. The Reserve is like a digital Fort Knox for the cryptocurrency, often called ‘digital gold.’”

Source: W. E. Messamore, 2025-03-16; https://cryptopotato.com/maddow-slams-trump-and-calls-bitcoin-scam-she-got-these-5-facts-wrong/

Peter Schiff’s Time to Shine: Bitcoin Bashing Fiesta as Price Dips to $77K

Gold advocate Peter Schiff took to X to poke fun at crypto investors after BTC’s latest downturn. Schiff questioned the logic behind the U.S. government holding cryptocurrencies as reserve assets. “A lot of crypto millionaires are going to need jobs,” he added. Despite the ribbing, some analysts believe the current correction is what happened in past corrections in the crypto market. The price of Bitcoin is now at $76,784, marking a 29% decline from an all-time high of $108,786.

Source: Wayne Jones, 2025-03-13; https://cryptopotato.com/peter-schiffs-time-to-shine-bitcoing-bashing-fiesta-as-price-dips-to-77k/