The crypto market recovered some of its losses Wednesday following a lower-than-expected US Consumer Price Index (CPI) report. Bitcoin surged above $84,000, while XRP crossed the $2.25 mark, gaining 6% in the last 24 hours.

Popular cryptocurrency XRP may be running out of steam against its major counterpart, Bitcoin (BTC). As became known thanks to Bollinger Bands, an interesting thing happened - XRP recently hit a middle band at 0.00002685 BTC and, unfortunately for its supporters, did not make it above.

On March 7, President Donald Trump was in attendance at the White House cryptocurrency summit, where he announced the formation of a Strategic Bitcoin Reserve. That repository, should it actually be formed, will contain Bitcoin (BTC 0.62%), and the similar Digital Asset Stockpile will contain other cryptocurrencies.

The digital asset traded just below $82,000 this morning despite positive macroeconomic data that shows tempered inflation. Bitcoin Flatlines as Inflation Eases The dominant cryptocurrency remained mostly flat over the past 24 hours as better-than-expected inflation data cultivated optimism in traditional markets. Bitcoin (BTC) traded within a range of $79,059.43 to $84,358.

Stablecoin accumulation and increased active addresses indicate investors gearing for a market rebound despite recent volatility and declining trading volumes.

Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, has taken to his social media account to share his take on the prospects the markets are likely to face later this year as the leading cryptocurrencies, Bitcoin and Ethereum, remain in a heavy decline.

Video platform Rumble has purchased 188 BTC for $17.1 million, strengthening its push into the crypto space. The buy aligns with Rumble's $20 million bitcoin treasury strategy. Rumble Acquires $17.1 Million in Bitcoin as Part of Treasury Strategy Rumble, the video-sharing and cloud services company, announced the acquisition of 188 BTC for approximately $17.

The Bank of Russia has proposed allowing a limited group of qualified investors to purchase and sell cryptocurrencies under a new three-year experimental legal regime. What Happened: Announced on Wednesday in accordance with President Vladimir Putin's directives, the initiative targets "particularly qualified" investors—individuals with over 100 million rubles ($1.02 million) in securities and deposits or annual income exceeding 50 million rubles ($510,000)—and companies already classified as qualified investors.

Despite recent drops in the crypto market, which could be attributed to the uncertainty around tariffs, spot bitcoin ETF outflows, and crypto-specific events, investors with a long-term conviction in bitcoin may see this as an opportune time to add further to their overall holdings, says eToro's Simon Peters.

A shift in Bitcoin whale activity is occurring on Binance, which may cause the market to go in a different route. There is uncertainty as a result of some major Bitcoin holders decreasing their holdings while others are buying.

Last week, I attended the launch event of Presidio Bitcoin, a new co-working and event space in San Francisco.

Rumble, a Toronto-headquartered video hosting, streamling and cloud platform, joins the corporate Bitcoin (BTC) purchasing mania. The statement about $17.1 million Bitcoin (BTC) added to the treasury comes 10 weeks after Tether's investment in Rumble.

Video-sharing platform Rumble has confirmed the purchase of a cache of BTC for $17 million, joining a growing list of firms embracing the asset. The purchase follows a blueprint to allocate a chunk of its corporate treasury to Bitcoin back in 2024.

Increased volatility in the Treasury market often leads to reduced risk taking in financial markets.

Bitcoin (BTC) has gone up 3.8% in the past 24 hours as inflation figures from February in the United States came in below the market's expectations.

The premium on Bitcoin futures contracts on the CME has narrowed to its tightest spread since November, erasing the surge tied to Trump's election win, as market focus shifts from political optimism to broader economic factors. CoinDesk's Christine Lee hosts "Chart of the Day.

U.S. inflation report expectations and the reintroduction of Senator Cynthia Lummis' BITCOIN Act are giving BTC a boost Wednesday. Plus, the U.S. House overturns an IRS broker rule on DeFi and the U.S. SEC delays XRP, DOGE, LITE ETFs.

Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy.

This is the third crypto cycle I've written about here on Forbes. So far, as you can verify, I've consistently been a bull at the bottom and a bear near the top.

“Under favorable conditions, ETH may reach $6,000–7,000 this year,” an analyst told Decrypt.

Bitcoin (BTC) saw a classic Wall Street sell-off on Mar. 12 as bears tempered a welcome US inflation slowdown. BTC/USD 1-hour chart.

The firm made its first purchase around the time Trump was elected and may made additional bids depending on market conditions.

The crypto market roared to life following the latest U.S. CPI report, which showed inflation easing slightly in February. Bitcoin surged to $84,000, Solana jumped past $127, and XRP spiked above $2.20, as traders piled into risk assets following the data release.

A trading expert is projecting that Bitcoin (BTC) will hit a record high of $150,000 in the coming months, even as the leading digital currency consolidates above $80,000 amid prevailing bearish sentiment.

Senator Lummis's Bitcoin Act extends the Federal Reserve's Bitcoin capacity to over 1M bitcoins. We mull over how this might affect the price of Bitcoin, and related coins like BTC Bull Token.

Bitcoin and U.S. stocks rallied Wednesday after February's CPI inflation rate came in at 2.8%, below economists' expectations.

Cryptoquant researchers warn bitcoin is teetering between historically undervalued levels and possibly the precipice of a prolonged bear market, with critical onchain metrics signaling heightened downside risks.

Crypto Bitwise Launches ETF Tracking Firms With Over 1,000 Bitcoin Melania Trump's Official Memecoin, Worth Over $13 Billion Barely Two Months Ago, Is Now Valued At $367 Million Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says ‘Relatively High' Odds Of Approval Pepe Leads Memecoin Rebound WIth 11% Rally, But Dogecoin, Shiba Inu Not That Far Behind House Committee Favors Stablecoin Regulation To ‘Strengthen' Dollar: Majority Whip Says CBDCs Against ‘American Values Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC's ‘Swift Move' To $88,000-$92,000 If This Happens US Crypto Users Missed Receiving Over $2.

Metaplanet has raised 2 billion yen through an interest-free bond to expand its Bitcoin portfolio. The company has recently acquired 162 more Bitcoin for its treasury.

Bitcoin is back in action, surging 3.7% to trade around $84k after nearly a week of losses. However, despite this rebound, a shocking trend is emerging, Bitcoin's long-term growth rate has hit an all-time low.

Starknet, an Ethereum ETH-based Layer-2 network, is working toward a system where Bitcoin BTC and Ethereum operate more seamlessly together.

The video-sharing platform had previously announced plans to allocate up to $20 million to Bitcoin

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, has expressed renewed confidence in his long-term prediction that Bitcoin (CRYPTO: BTC) will reach $200,000 by the end of 2025, citing increased Federal Reserve rate cut probabilities. What Happened: In a detailed analysis released Tuesday, Kendrick remains unfazed by near-term volatility driven by Donald Trump administration tariff uncertainties and recession concerns, arguing that these factors strengthen his bullish outlook for the cryptocurrency.

Bitcoin Magazine Debifi Is The Premier Noncustodial P2P Bitcoin-Backed Lending Platform For Institutions Debifi founder and CEO Max Kei has harnessed his years of experience contributing to Hodl Hodl, a noncustodial peer-to-peer (P2P) bitcoin exchange and bitcoin-backed lending platform, to create Debifi, a lending platform like Hodl Hodl's but built for institutional clients. This post Debifi Is The Premier Noncustodial P2P Bitcoin-Backed Lending Platform For Institutions first appeared on Bitcoin Magazine and is written by Frank Corva.

Bitcoin Magazine California Senator Endorses Bitcoiner For $500B Pension Board California State Senator Ben Allen endorses bitcoin nonprofit founder Dom Bei for a seat on the $500 billion CalPERS pension board. This post California Senator Endorses Bitcoiner For $500B Pension Board first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.

The crypto whale, whose transactions were spotted by market tracker Lookonchain, has been longing Bitcoin and Ethereum since the start of March and is now sitting on over $2 million in unrealized profits after their latest transactions.

It's been a long, strange year for Bitcoin (BTC 3.21%) -- and it's only March. The year started off with a lot of fanfare, with the cryptocurrency hitting a new all-time high of $109,000 on Jan. 20.

Japanese investment firm Metaplanet's stock jumped over 8% following its latest purchase of 162 BTC, reaffirming its aggressive accumulation strategy and commitment to expanding its crypto holdings.

When cryptocurrencies dip in value, do companies keep their heads down and ride out the storm? Recent investments seem to prove this isn't the case.

As cryptocurrencies reshape the boundaries of finance, the United States takes a historic step. The Bitcoin Act of 2025, submitted to the House of Representatives, proposes to create a strategic reserve of one million BTC over two decades.

In a recent speech at a Bitcoin Policy Institute event, Michael Saylor aligned closely with Major Jason Lowery's ‘SoftWar' thesis, framing Bitcoin as a critical defense mechanism rather than merely a financial asset. Saylor emphasized Bitcoin's role as a “digital defense system,” equating its open, decentralized energy flow to the strategic military defense of cyberspace.

The sellers remained firmly dominant, but the most intense phases of selling might be over.

After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid's Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future.

The crypto market recovered over the past 24 hours as prices rose after experiencing significant declines over the past few sessions. Bitcoin (BTC) dipped to a low of $76,982 on Tuesday before rebounding to reclaim $80,000 and reach $83,737 before losing momentum and declining to its current level.

The analysts expect clarity on budget-neutral bitcoin acquisition measures from Treasury Secretary Scott Bessent by May 5.

Bitcoin's next significant price catalyst may arrive this Friday as the United States debt suspension period comes to an end, potentially injecting fresh liquidity into markets and driving a price rebound.The US Treasury hit its $36 trillion debt ceiling a day after President-elect Donald Trump's inauguration on Jan. 20. Treasury Secretary Janet Yellen announced a “debt issuance suspension period” beginning Jan. 21, which is set to last until March 14, according to a letter published on Jan. 17.

Newmarket Capital CEO Andrew Hohns suggests incorporating Bitcoin into government bonds as a way to reduce national debt and purchase Bitcoin for the U.S. strategic reserve.

The Bitcoin market is looking somewhat stable in the early hours of Wednesday, as the market continue to look for its bottom. At this point, it is still heavily influenced by risk appetite.