Video-sharing platform Rumble says it had purchased more than $17 million worth of Bitcoin as part of a previously announced investment strategy.In a March 12 notice, Rumble said it had added 188 Bitcoin (BTC) to its treasury for roughly $17.1 million. The investment, suggested by CEO Chris Pavlovski in November following Donald Trump winning the US presidential election, was touted as a hedge against inflation and part of a broader move to deepen ties to the crypto industry.
Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors.
Bitcoin and Ethereum struggle to maintain gains, while XRP rallies on optimism over the SEC potentially closing its case against Ripple. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,997.45 -0.13% Ethereum (CRYPTO: ETH) $1,876.24 -3.7% Solana (CRYPTO: SOL) $124.56 -2.1% XRP (CRYPTO: XRP) $2.23 +2.5% Dogecoin (CRYPTO: DOGE) $0.1689 +1.3% Shiba Inu (CRYPTO: SHIB) $0.00001229 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.2% and daily active addresses falling by 3.4%.
The 1-week liquidation heatmap showed a range formation under $2,000 could materialize.
Bitcoin's (BTC) dominance has crested new highs as altcoins' short-lived rally fizzles, according to data from Matrixport, a cryptocurrency financial services platform. As of March 12, Bitcoin dominance — a measure of Bitcoin's share of crypto's overall market capitalization — stands at 61.2%, according to Matrixport.
Ethereum price is poised for further recovery as analysts have identified hidden bullish divergence that could enhance the previous rally. The pattern which indicates momentum shifts has it that, contrary to the present slump in the price, ETH could be on course to rise above its previous record high of $4,850.
The amount of Bitcoin (BTC) held by public corporations reached 592,112 BTC in 2024, according to Bitcoin Treasuries data. Bitwise head of research Ryan Rasmussen highlighted that the number is twice as much Bitcoin as institutions accumulated in the previous five years combined.
Jurrien Timmer, director of global macro at Fidelity Investments, has weighed in on the Bitcoin price action, arguing that $70,000 is the main level to watch.
ARK Investment Management LLC, led by Cathie Wood, has made a notable shift in its investment strategy. The firm recently stopped selling Bitcoin and ramped up its Coinbase (COIN) stock purchases.
Bitcoin miners are ramping up BTC sales, adding to market pressure as price declines continue. CryptoQuant data shows a surge in miner-to-exchange flows, signaling financial strain ahead of the Bitcoin halving. The post Bitcoin Faces Increased Selling Pressure Amid Miner Sell-Offs – CryptoQuant appeared first on Cryptonews.
Ethereum's price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.
Are institutional investors rethinking their Bitcoin exposure amid regulatory uncertainty?
Rich Dad Poor Dad author Robert Kiyosaki is doubling down on Bitcoin (BTC) and precious metals as he warns of a possible US economic collapse. Kiyosaki tells his 2.7 million followers on the social media platform X that the market selloff this week may indicate the “everything bubble” is on the verge of collapse.
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Deutsche Bank has highlighted several benefits associated with the decision of the US to proceed with a Strategic Bitcoin Reserve. The German bank says the move can trigger economic upsides for the US while laying a precedent for international standards.
On today's episode of CNBC Crypto World, bitcoin inches higher after better-than-expected inflation data. Plus, the House votes to rollback an IRS rule requiring DeFi brokers to send tax documents to customers.
The video-sharing platform's purchase forms part of its plan to allocate up to $20 million to Bitcoin.
The U.S. SEC has delayed decisions on spot ETFs for major altcoins including XRP, SOL, ADA, and DOGE until May, citing the need for further review. Meanwhile, the agency will host a key roundtable to address crypto asset classification and pave the way for clearer regulation.
The U.S. Securities and Exchange Commission is unlikely to approve or reject crypto ETFs until its new leadership is in place, according to a new report. What Happened: Coindesk on Wednesday reported that the SEC has acknowledged multiple spot crypto ETF applications but is unlikely to approve them until its leadership is settled.
Bitcoin (BTC) is trading below key support levels after massive selling pressure hit the market, fueling fear and uncertainty among investors. Since the start of March, BTC has lost over 19% of its value, triggering concerns that further downside may be ahead.
Bitcoin drops 26.3% from its $110K peak amid Trump's tariff war and Fed policies. However, easing whale selling and a key macro signal suggest a potential rebound ahead.
In an interview with BeInCrypto, Johnny Garcia, Managing Director of Institutional Growth and Capital Markets at VeChain Foundation, addressed the rejection of Bitcoin (BTC) reserve bills. He emphasized that the core issue goes beyond legislative resistance—highlighting the need for greater education for both the public and policymakers.
Nebraska will begin regulating Bitcoin and crypto ATMs to protect customers from scams, after Governor Pillen signed the bill into law.
The US Securities and Exchange Commission has postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity's Ether (ETH) exchange-traded fund (ETFs). The agency has given itself until May 14 to approve or disapprove of Cboe BZX's request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing.
According to several sources, the SEC is preparing to drop its case against Ripple. Previously, there was speculation that the Commission caused the delays, but it may be a negotiating tactic from Ripple.
The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.According to a March 12 X post from Fox Business reporter Eleanor Terrett, the SEC's case against Ripple was “in the process of wrapping up” after the parties filed an appeal and cross-appeal, respectively, over a $125-million court judgment in August 2024. The civil case against the blockchain firm filed in December 2020 alleged Ripple and certain executives used XRP (XRP) as an unregistered security to raise funds.
Ripple's legal fight with the SEC is close to ending, but it's not going quietly. The $125 million fine and permanent ban on institutional XRP sales are still on the table, and Ripple is pushing back.
Analyt project massive BTC dominance if its DeFi sector is fully tapped.
Bitcoin price climbed 7.4% in 24 hours, reclaiming $83,700 after bottoming at $76,000. Softer inflation data and easing geopolitical risks fueled gains.
The US Securities and Exchange Commission (SEC) is reportedly preparing to conclude its long-running lawsuit against Ripple, the issuer of XRP. Following the rumors, the XRP price climbed roughly 5% from $2.14 to $2.24 within an hour.
The U.S. Securities and Exchange Commission (SEC) is reportedly in the process of officially ending its lawsuit against payments firm Ripple.
The crypto market is facing a decline, with increased fear coming from trade tensions and the effects of President Trump's Bitcoin Reserve order. Ethereum, a leader in the altcoin sector, has seen a significant decline, dropping nearly 14% over the past week.
Speculations about a bear market have grown sharply within the community following Bitcoin‘s persistent struggles with bearish conditions and the entire crypto market cap dropping by more than 20% in the last few months. Volatility may be increasing, but major investors are still confident about BTC's prospects as they scoop up more coins.
Ethereum (ETH) has seen a significant decline in price, falling from $2,800 to around $1,900 in recent weeks. This drop has triggered a major bearish signal, the first of its kind in two years.
Ripple CTO David Schwartz recently addressed an important question about Ripple's RLUSD stablecoin. His response clarified why RLUSD can be frozen or clawed back, a topic that emerged following legal expert Jeremy Hogan's discussion on a proposed stablecoin bill.
The SEC delayed taking the next steps on several filings this week, but experts say this is 'no surprise' until the new chair is in place.
The protracted legal battle between blockchain payments firm Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) is reportedly approaching a resolution. Reports indicate that negotiations have intensified, with both sides working to settle the case that has dragged on since December 2020.
A trader on decentralized exchange Hyperliquid exited a $200 million leveraged ethereum trade with a $1.8 million profit, while the platform's liquidity pool absorbed a $4 million loss, prompting leverage adjustments to mitigate future risks. Trader Profits $1.8M as Hyperliquid's Liquidity Pool Takes $4M Hit A Hyperliquid trader using wallet “0xf3f4” deposited $4.
TL;DR The lawsuit between the SEC and Ripple is nearing resolution, with ongoing negotiations over the terms of an August ruling. Ripple seeks more favorable conditions in the ruling, arguing that if the SEC offers a “fresh start” to other crypto companies, the same treatment should be applied to the firm.
Crypto analyst Egrag Crypto has revealed when the XRP price will hit double and triple digits. This provides a bullish outlook for XRP especially amid the recent market crash and its brief drop below the psychological $2 price level.
Bitcoin has fallen sharply over the past 30 days, falling from a record high of 109k to a low of 77k this week, a level that was last seen in November last year. This puts losses at almost 30%.
Bitcoin struggles near $84K as analysts warn of a final drop to $73K. Soft U.S. inflation data lifts sentiment, but Mt. Gox BTC transfers add uncertainty. The post Bitcoin Faces ‘Final Leg Down' to $73K – Here's What Could Happen Next appeared first on Cryptonews.
The U.S. Securities and Exchange Commission is on the verge of ending its long-running case against Ripple, according to sources close to the development. On Mar. 12, former FOX Business journalist Eleanor Terrett said the SEC vs.
The XRP market has recently encountered headwinds, with prices falling below the $2.25 mark, prompting uncertainty among investors. While many traders speculate about the coin's short-term trajectory, beneath this volatility lies an expanding XRP ecosystem marked by continuous innovation and a growing appetite for decentralized finance (DeFi) projects.
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Bitcoin Magazine Rumble Acquires $17.1 Million in Bitcoin as Part of Treasury Strategy Video-sharing platform Rumble boosts its Bitcoin holdings with a 188 BTC purchase, reinforcing its commitment to a Bitcoin treasury strategy. This post Rumble Acquires $17.1 Million in Bitcoin as Part of Treasury Strategy first appeared on Bitcoin Magazine and is written by Nik.
Bitcoin ETF outflows have nearly amounted to $750 million in the last two days as the crypto market consistently fell. BlackRock, the largest issuer, has offloaded around 2,000 BTC in the previous 24 hours.