It is an understatement to say that it hasn't been a good few weeks for Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and other crypto assets. The intense spike on March 2 into March 3 was the result of the announcement of the U.S. national cryptocurrency reserve, which is set to include all three of these assets, along with at least a couple of others.
The company, which focuses on energy-efficient mining operations, has been expanding its operations over the past year including through an acquisition.
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Investing $3,000 in Bitcoin (CRYPTO: BTC) might not seem like a wise financial move at the moment. The markets are awash in an absolutely confusing whirlwind of threats stemming from a festering trade war and significant geopolitical as well as domestic political instability. Let's evaluate what makes it a fairly conservative investment overall, and how it might fare given the external risks in play right now.
If you hold Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), or Solana (CRYPTO: SOL) right now, you're probably getting a bit sick of the volatility. Given that there's a lot of economic and geopolitical instability, and probably even more to come in the near future, the fact of the matter is that it's getting pretty tiring for everyone. If you're sitting on big gains from the last few years, you're probably getting tempted to quit your positions and liquidate everything you hold, especially if this is your first real encounter with the downside of crypto market volatility.
Target is facing tough times as consumers cut back on spending. It's also at the center of culture war controversies over DEI and Pride.
Cryptocurrency exchange-traded products (ETPs) have faced another round of outflows, totaling $876 million for the week ending March 10.
The U.S. government’s efforts to maintain the dollar’s dominance through stablecoin adoption could indirectly benefit Bitcoin.
Bitcoin dropped below $80,000 on Monday, hitting $77,459 before slightly recovering to $79,085.
Stretched positioning and Japanese institutional activity could cap gains in the yen, paving the way for a bounce in Nasdaq and bitcoin.
