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news-imageMarch 11, 2025

Bitwise CIO Predicts Bitcoin Could Rise to $50 Trillion Market Cap

Despite Bitcoin's recent price downturn, Bitwise CIO Matt Hougan remains optimistic, forecasting that its valuation could soar to $50 trillion in the long run.
Publisher: UToday
Sentiment: Positive
BTC

More News Articles

Negative
cover-imageCointribune
March 12, 2025

Is Bitcoin's Correction The Start Of A Bear Market?

Bitcoin has plunged to $76,700, marking its lowest level in four months amid global economic turmoil. Indeed, the 30% drop from its all-time high of $109,350 has reignited discussions about a possible trend reversal, as some observers question the sustainability of the bullish cycle.

Negative
cover-imageCointelegraph
March 12, 2025

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor' at $70K

Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn't ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.” Short-term holders fled as Bitcoin dropped from peak The surge in buyers paying higher prices for Bitcoin (BTC) in recent months is reflected in the short-term holder realized price — the average purchase price for those holding Bitcoin for less than 155 days.

Negative
cover-imageBitcoinist
March 12, 2025

Bitcoin Bearish Signal: Miner Deposits To Exchanges Spike

On-chain data shows that Bitcoin miner exchange inflows have shot up recently, something that could extend BTC's price drawdown. Bitcoin Miner To Exchange Flow Metric Has Seen A Spike As pointed out by an analyst in a CryptoQuant Quicktake post, miners are upping their selling pressure.

Positive
cover-imageCoinPedia
March 12, 2025

Metaplanet Acquires 162 Bitcoins

Metaplanet Inc. is making waves with its latest Bitcoin acquisition, further solidifying its position in the digital asset space. As part of its ongoing Bitcoin Treasury Operations, the company acquired 162 Bitcoin at an average price of 12,393,669 yen per Bitcoin, totaling a whopping 2.008 billion yen.

Positive
cover-imageCointelegraph
March 12, 2025

Bitcoin jumps 7% despite metrics flashing ‘bearish territory'

Bitcoin has clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off.“All Bitcoin valuation metrics indicate that we are in bearish territory,” onchain analytics platform CryptoQuant said in a March 11 markets report viewed by Cointelegraph.

Positive
cover-imageTokenpost
March 12, 2025

Senator Lummis Reintroduces Bitcoin Act as BTC Market Sees Major Moves

Pro-crypto U.S. Senator Cynthia Lummis has reignited excitement in the Bitcoin community by reintroducing the Bitcoin Act, a bill proposing the U.S. government establish a strategic Bitcoin reserve. Originally proposed in July last year but rejected, the bill has now gained momentum after President Donald Trump signed an executive order supporting the initiative.

Positive
cover-imageCointelegraph
March 12, 2025

Lone Bitcoin miner wins block using tiny, cheap rig — ‘1 in a million chance'

A solo Bitcoin miner using a relatively cheap, pocket-sized crypto mining rig has solved one of the blockchain's blocks and earned the full $263,000 reward.The miner became the 297th solo miner to mine a Bitcoin block from the solo.ckpool Bitcoin (BTC) mining pool, its developer, Con Kolivas, said in a March 10 X post. He added the miner used a 480-gigahash per second (GH/s) Bitaxe machine.

Positive
cover-imageCryptoSlate
March 12, 2025

Whales accumulate 65,000 Bitcoin as market uncertainty grows

Over the past 30 days, Bitcoin (BTC) whales have acquired more than 65,000 BTC, signaling sustained buying pressure despite the broader market correction. At the same time, the Coinbase premium is forming higher lows, even as the price trends lower, adding complexity to market sentiment.

Positive
cover-imageCointelegraph
March 12, 2025

Starknet to settle on Bitcoin and Ethereum to unify the chains

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it's aiming for Starknet to become Bitcoin's execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience. “Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network's original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.

Positive
cover-imageCointelegraph
March 12, 2025

Senator Lummis' new BITCOIN Act allows US reserve to exceed 1M Bitcoin

US Senator Cynthia Lummis' newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department. However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.

Positive
cover-imageCryptoSlate
March 12, 2025

Bullish bets soar as Bitcoin call options target $120K strike

Analyzing open interest distribution across different strike prices offers critical insights into market sentiment and potential price trajectories. Strike prices represent the specific levels at which options contracts can be exercised — essentially, the prices at which traders can buy or sell Bitcoin if they act on their contracts.

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