crtypto & forex news

The crypto market has grown increasingly cautious as Bitcoin and Ethereum prices have crashed to former lows amid growing concerns about institutional flows and network fundamentals. Bitcoin’s recent decline below $70,000 appears closely tied to shifts in the demand for its exchange-trading fund (ETF). Meanwhile, Ethereum’s price fell below $2,000 amid strong criticism over its token economics and long-term sustainability, with top market researchers shorting it as they forecast a potential collapse.   Bitcoin Price Crashes As ETF Flows Reverse The Bitcoin price is currently trading near $67,000, after falling more than 3% in the past 24 hours, according to CoinMarketCap data. The latest drop comes after a sudden shift in institutional demand for Spot Bitcoin ETFs, which have been a major driver for market momentum since their launch in 2024. Data from SoSo Value shows that Spot Bitcoin ETFs recorded staggering outflows of roughly $228 million on Thursday, March 5, endin...

He told his colleagues only after the money was gone. Nevin Shetty, the former chief financial officer of a Seattle-based tech startup, was sentenced Thursday to two years in federal prison after secretly transferring $35 million in company funds into a cryptocurrency platform he ran on the side — then watching nearly all of it disappear in a matter of months. A Scheme That Ran In Secret Shetty made the transfers in 2022 without the knowledge of a single executive or board member at his employer, according to the US Justice Department. He moved the funds into a platform called HighTower Treasury, which he controlled, and used the money to pour into high-yield DeFi lending protocols promising annual returns of 20% or more. In the first month, he cleared $133,000. Then the Terra ecosystem collapsed, and the broader crypto market followed it down. By May 13, 2022, the value of those investments had fallen to nearly zero. With $35 million essentially wiped out, Shetty approached two...

Bitcoin Strategist Joe Burnett has shared an ambitious long-term outlook for the BTC price that puts the world’s largest cryptocurrency in the eight-figure range. The projection comes from a research report published on Substack that discusses how major technological and economic shifts could reshape global markets. While the projected price target is bold, Burnett’s reason behind it has drawn significant attention.  BTC Price Forecasted To Hit $11 Million In 10 Years Burnett has predicted that Bitcoin could climb to roughly $11 million per coin by 2036 if it captures a meaningful share of global financial wealth . The crypto strategist’s ambitious forecast is an updated outlook that builds on a prior thesis he introduced last year, which pointed to a $10 million target by 2035. His new report suggests the structural conditions and reasons supporting that earlier call have not weakened but have actually grown stronger over time. Burnett’s $11 million Bitcoin price projection ...

The Dogecoin price may be on the verge of its most historic rally yet, as a crypto market analyst has boldly forecasted an explosive rally to $10 . Pointing to historical chart patterns, the analyst believes that if Dogecoin can perfectly repeat past cycle trends, a surge into double-digit territory seems highly probable.  Historical Dogecoin Price Pattern Points To $10 Target On Thursday, March 4, TheMoonHailey shared a bold Dogecoin price forecast on X, predicting a powerful climb to $10 from current levels below $0.1, based on recurring historical trends visible on the long-term weekly chart. The accompanying chart illustrates Dogecoin’s price action and technical trends from 2014 through a projected outlook to 2030. On the chart, Dogecoin appears to be trading within a well-defined ascending parallel channel that began in 2014, with three circled bottom points highlighted along the lower boundary. Two of these points represent moments when the price crashed to the bottom ...

A major narrative that is making serious waves in the entire cryptocurrency sector is the fact that the Bitcoin price may have reached a bottom. In the midst of this persistent speculation about the leading crypto asset, a key metric is taking the spotlight, providing insights regarding whether BTC has reached a bottom. Why Bitcoin May Have Hit A Bottom While the price of Bitcoin has experienced a slight rebound, discussions about whether the flagship crypto asset has hit a bottom are turning in the sector at a rapid rate. Crypto Tice, a market expert and investor, has outlined that a key BTC metric has historically determined the price bottom. After a brief bounce, Bitcoin may be showing early signs of stabilization, as the Bitcoin Total Supply in Profit metric presently indicates that the market may be nearing or has already achieved a local bottom. The indicator is starting to flash indications that have historically been linked to times of tiredness in selling activity after ...

Crypto pundit X Finance Bull has drawn attention to Ripple’s new whitepaper, which highlights plans to use XRP for its prime brokerage offering. Ripple also recently announced plans to offer its institutional clients access to XRP derivatives on Coinbase Derivatives.  XRP’s Role In Ripple’s New Digital Prime Broker Model In an X post , X Finance Bull stated that XRP isn’t just about payments now, as it is expanding into institutional trading infrastructure under Ripple’s Prime Broker model . He added that payments were just the start for the altcoin and that this is the next layer for XRP, a move which the pundit noted would create new demand. The pundit also indicated that this could boost XRP’s price in the long run, while admitting that the price could still stall in the short term.  The new Ripple whitepaper introduces the Prime Broker model, which aims to streamline the processes by which institutional clients access the crypto market. The crypto noted that the XRP L...

Crypto analyst Cyril has predicted that altcoin season could be on the horizon as Bitcoin dominance cools off. Crypto analyst Mark also flagged that the business cycle remains in an expansion stage, which could be bullish for altcoins.  Altcoin Season On The Cards If Bitcoin Dominance Cools Off In an X post , Cyril noted that the altcoins vs BTC chart (Total market cap excluding top 10 to BTC) shows that altcoins are still historically compressed against Bitcoin . He further stated that these coins are sitting near long-term support similar to prior pre-altcoin season zones, like in 2020.  As to what to expect, the analyst stated that Bitcoin stabilizes and dominance cools off, this setup favors an altcoin season rotation phase. Meanwhile, if BTC continues to outperform , then altcoins stay suppressed longer. As such, he declared that this is early-stage positioning and not peak euphoria.  Crypto analyst Mark also made a case for how the altcoin season could play ou...