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Bukele Defies IMF, Reaffirms Bitcoin Commitment Despite Loan Restrictions

Bukele Defies IMF, Reaffirms Bitcoin Commitment Despite Loan Restrictions

El Salvador’s President Nayib Bukele has doubled down on his pro-Bitcoin stance while simultaneously pushing back against the International Monetary Fund (IMF) despite a recent loan agreement that included terms to curtail the country’s BTC-related activities.In a strongly worded post on X, Bukele d…

This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?

This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?

TL;DRThe Substantial IncreaseRipple’s XRP witnessed enhanced volatility in the last week, with its price briefly plunging below $2 towards the end of February andreachinga local top of over $3 at the start of March. Currently, the asset is worth around $2.50, representing a 10% jump on a seven-day s…

Recent Pi Network (PI) Developments, Cardano (ADA) Price Volatility, and More: Bits Recap March 4

Recent Pi Network (PI) Developments, Cardano (ADA) Price Volatility, and More: Bits Recap March 4

TL;DRWhat’s New Around Pi Network?The cryptocurrency project reached a major milestone on February 20 when itlaunchedits Open Network. This allowed exchanges to list the PI token and make it publicly accessible.Nonetheless, Pi Network is far from solving all of its problems. For instance, many peopl…

Ethereum Price Analysis: ETH Must Reclaim This Key Resistance to Restart Its Bull Run

Ethereum Price Analysis: ETH Must Reclaim This Key Resistance to Restart Its Bull Run

Ethereum’s price has recently experienced a massive drop, coming much earlier than expected, as ETH has failed to make a new all-time high like Bitcoin.Yet, the bull market for the second-biggest crypto might not have begun yet.Technical AnalysisBy Edris Derakhshi (TradingRage)The Daily ChartOn the …

What’s Next for XRP After Its Surge to $3? Ripple Price Analysis

What’s Next for XRP After Its Surge to $3? Ripple Price Analysis

Much like Bitcoin and other large-cap crypto assets, XRP experienced a massive price surge yesterday, spreading optimism among the investors hoping that the bull market is not over.By Edris Derakhshi (TradingRage)The USDT Paired ChartOn the daily chart of the USDT pair, the third-largest crypto has …

Ethereum Derivatives Metrics Signal Modest Downside Tail Risk Ahead: Nansen

Ethereum Derivatives Metrics Signal Modest Downside Tail Risk Ahead: Nansen

Ether (ETH) is down like the rest of the crypto market; however, Ethereum derivative metrics analyzed by the market intelligence platform Nansen have revealed that the cryptocurrency faces more downside tail risk in the coming days.According to a report from Nansen, current implied volatility levels…

Ripple Price Analysis: XRP Could Plunge to $1.6 if This Support Fails

Ripple Price Analysis: XRP Could Plunge to $1.6 if This Support Fails

Ripple’s price is experiencing a significant decline, alongside the whole crypto market, and is likely to continue dropping lower if Bitcoin fails to recover soon.By Edris Derakhshi (TradingRage)The USDT Paired ChartOn the daily chart of the XRP/USDT pair, the price has been trending lower following…

Bitcoin Price Analysis: Can BTC Stabilize or Is a Drop to $63K Next?

Bitcoin Price Analysis: Can BTC Stabilize or Is a Drop to $63K Next?

Bitcoin’s price has been dropping rapidly over the past few days, with large red candles showing significant bearish momentum.If the market does not rebound soon from the key area it currently finds itself at, things could get much worse for the crypto market.Technical AnalysisBy Edris Derakhshi (Tr…

Arthur Hayes Predicts More Declines For BTC: ‘Hold Onto Your Butts’

Arthur Hayes Predicts More Declines For BTC: ‘Hold Onto Your Butts’

Bitcoin (BTC) has fallen below the $80,000 mark for the first time in almost four months, and market analysts believe the crypto asset could witness more bloodshed over the weekend.Such were the words of Arthur Hayes, the co-founder and former CEO of the crypto exchange and derivative trading platfo…

‘Buy the Dip’ Interest Spikes, but Santiment Predicts More Pain Ahead

‘Buy the Dip’ Interest Spikes, but Santiment Predicts More Pain Ahead

Crypto traders are showing peak confidence in buying the latest market dip, but Santiment data suggests this optimism may be a prelude to more price drops.According to the on-chain analytics platform, discussions about “buying the dip” have reached their highest level in seven months, driven by Bitc…

VanEck Claims Bitcoin Reserves Could Offset $21T US Debt by 2049

VanEck Claims Bitcoin Reserves Could Offset $21T US Debt by 2049

VanEck has predicted that the United States could reduce its national debt by $21 trillion in the next 24 years.The firm’s analysts believe that this could be achieved by creating a one million Bitcoin reserve over the next five years.VanEck’s EstimateAccording to the asset management company, a U.S…

As Gold Prices Approach $3K, Why Is Bitcoin Failing to Keep Up?

As Gold Prices Approach $3K, Why Is Bitcoin Failing to Keep Up?

Bitcoin and gold have been on highly disparate price trajectories for the past half-year, which spells trouble for the world’s largest cryptocurrency.The yellow metal has continuously registered fresh peaks and is close to breaking above $3,000/oz for the first time ever – meanwhile, BTC has been st…