Just one day after U.S. President Donald Trump announced that Bitcoin is going to “at the heart” of a national strategic crypto reserve, Standard Chartered Bank’s Head of Digital Asset Research Geoff Kendrick stated that he is now re-focusing on his “$500,000 bitcoin price target.” BREAKING: 🇺🇸 President Trump says “obviously” Bitcoin will be included … Read more
A district court judge dismissed a United States Securities and Exchange Commission’s (SEC) lawsuit alleging that Hex founder Richard Heart raised over $1 billion through unregistered crypto offerings and defrauded investors of more than $12 million. Heart, whose real name is Richard Schueler, was also accused of spending the money on luxury items. Judge Carol … Read more
Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart. Source: Cointelegraph/TradingView Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle, … Read more
Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3. As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from … Read more
The first quarter of 2025 has been highly volatile for crypto. Investor sentiment has swung from one extreme to the other as Bitcoin (BTC) rallied to all-time highs, endured a major correction, and received a major presidential boost from Donald Trump. Amid all the noise, venture capital firms continued to broaden their exposure to blockchain … Read more
Cryptocurrency traders were in for a pleasant surprise on March 2 after US President Donald Trump announced a crypto strategic reserve to include Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The news triggered huge buying, with Bitcoin rising from about $85,000 to $95,000 and Cardano galloping more than 72%. The remaining … Read more
Bitcoin (BTC) price plunged from $93,700 to $89,250 in under an hour on March 3, wiping out half of the previous day’s gains. The drop likely triggered panic among traders as S&P 500 index futures fell 1% following China’s announcement of retaliatory measures against the United States’ additional 10% import tariffs. Despite the sell-off, Bitcoin’s … Read more
US President Donald Trump’s plans for a strategic cryptocurrency reserve are good news for the industry, but they are no substitute for clearer regulation, Patrick Young, go-to-market lead at Web3 app Galxe, told Cointelegraph on March 3. In a March 2 post on the social media platform Truth Social, Trump said he told his administration’s … Read more
US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the goal of advancing crypto-friendly policies in the US House of Representatives. Torres announced the news via his X account on March 3. The Congressional Crypto Caucus follows the formation of the “Congressional Blockchain Caucus,” another bipartisan group that arose during … Read more
Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles Hoskinson,” former CoinDesk Chief Insights Columnist David Z. Morris wrote on X – Hoskinson’s Cardano (ADA) was announced to be … Read more