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Singapore Exchange Ltd. (SGX) is set to introduce Bitcoin perpetual futures in 2025, aiming to cater exclusively to institutional and professional investors while excluding retail customers. This initiative is part of a growing trend where traditional financial exchanges are expanding into cryptocurrency derivatives, driven by a pro-crypto stance from the Trump administration. SGX's entry into this market is seen as a bridge between regulated financial markets and the volatile world of cryptocurrency trading, with the goal of significantly expanding institutional market access. The planned products are still under review by the Monetary Authority of Singapore. Perpetual futures, which do not have an expiry date, allow traders to speculate on price movements without owning the asset, a concept already familiar in commodity markets. This move by SGX follows similar plans by other exchanges like Japan's Osaka Dojima Exchange and EDX Markets in Singapore, highlighting the increasing integration of crypto into traditional finance.
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Bitcoin and other cryptocurrencies have experienced significant volatility this year, with Bitcoin reaching a new low of around $82,860 after dropping to $80,000. This decline comes amidst growing fears of a recession, exacerbated by President Trump's tariff policies on imports from Canada, Mexico, and China. These tariffs have not only affected traditional markets but also crypto stocks, which are reacting similarly to broader market trends. Goldman Sachs has noted an increased likelihood of a recession, now at 20% within the next year, should further tariffs be implemented. Despite some positive regulatory news from the SEC, the crypto market has not reacted favorably to Trump's plans for a strategic Bitcoin reserve. Trump himself has expressed a cautious optimism about the crypto industry, suggesting a long-term benefit for Bitcoin, although his comments on economic transitions and market predictions remain ambiguous.
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Cryptocurrency exchange-traded products (ETPs) have continued their downward trend, marking a fourth consecutive week of outflows with a total of $876 million lost in the past week, according to CoinShares. This brings the cumulative outflows over the past four weeks to $4.75 billion, significantly reducing the year-to-date inflows to $2.6 billion. Bitcoin ETPs were the main contributors to these outflows, accounting for 86% of the total, with short-Bitcoin ETPs also experiencing significant outflows. The bearish sentiment was widespread, affecting most altcoins, with Ether, Tron, and Aave seeing notable outflows. However, Solana, XRP, and Sui managed to attract inflows. Among the ETP providers, Fidelity Investments and BlackRock's iShares ETFs were hit the hardest, with Fidelity seeing the largest outflows. Despite these losses, BlackRock remains the largest crypto holder among issuers. The overall assets under management for crypto ETPs have now fallen to $142 billion, the lowest since mid-November 2024, reflecting both negative price movements and sustained outflows.
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The cryptocurrency market experienced a significant downturn on Sunday, with Bitcoin (BTC) dropping to $80,000, a 7% decrease over the past 24 hours, nearing its 2025 low of $78,000. Other major cryptocurrencies like Ether, Solana, and XRP also saw similar declines, while Cardano and Dogecoin fell by around 12%. This selloff coincides with comments from U.S. President Donald Trump on Fox News, where he discussed the potential short-term disruptions from his tariff and budget-cutting policies, drawing comparisons to the economic strategies of former Federal Reserve Chairman Paul Volcker. Volcker, known for his aggressive measures to combat inflation in the late 1970s, had raised interest rates to unprecedented levels, leading to a severe recession but ultimately controlling inflation. Trump's remarks suggest a similar long-term vision for economic stability, despite the immediate market reactions. Meanwhile, U.S. stock index futures also reflected the market's unease, dropping by about 0.85%.
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BBVA, a Spanish bank, has announced that it has been granted approval by Spain's securities regulator to introduce trading services for bitcoin and ether. This new service will enable BBVA's clients to engage in secure transactions involving these cryptocurrencies directly through the bank's mobile application. This move signifies BBVA's step towards integrating digital currencies into its financial services, potentially broadening its appeal to tech-savvy investors and those interested in cryptocurrency markets. The introduction of such services reflects a growing trend among traditional financial institutions to adapt to the rising demand for digital assets.
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Kraken, one of the world's largest cryptocurrency exchanges, is gearing up for an initial public offering (IPO) in the first quarter of 2026, as reported by Bloomberg. This move aligns with the Trump administration's supportive stance on digital assets, evidenced by the recent White House Digital Asset Summit. The summit, attended by key Cabinet members, underscores the administration's commitment to making the U.S. a leader in the cryptocurrency space. Kraken's CEO emphasized the company's focus on transparency, having already published proof of reserves and financial highlights for 2024. The decision to go public will be based on what benefits its clients, partners, and shareholders. Concurrently, President Trump signed an executive order to establish a Strategic Bitcoin Reserve, using Bitcoin seized in legal proceedings, aiming to create a digital equivalent of Fort Knox. This initiative reflects a strategic approach to managing digital assets without additional taxpayer costs.
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The recent announcement of the US Strategic Bitcoin Reserve by President Donald Trump has sparked a wave of disappointment among investors, leading to a notable decline in Bitcoin's price. The reserve, which will utilize Bitcoin seized in criminal cases rather than buying new assets, was seen as a cautious approach to managing taxpayer funds. Despite the initial backlash, regulatory experts argue that the expectations from the industry were unrealistic, especially considering that not long ago, the concept of a government-backed Bitcoin reserve was revolutionary. The executive order, while not currently involving direct government purchases, leaves room for future acquisitions if they can be done without additional costs to taxpayers. This development, coupled with the first White House Crypto Summit, indicates a significant shift in the administration's approach towards cryptocurrency, aiming to engage more deeply with the blockchain community and potentially influence younger voters. However, the immediate market reaction and ongoing macroeconomic concerns suggest that Bitcoin might face further volatility in the near term.
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Bitcoin has undergone a significant downturn, marking its largest weekly drop in US dollar terms ever, with a 14% decline in a single week. This drop has brought Bitcoin to a bearish crossroads, with traders and analysts anticipating a potential retest of the $78,000 level, and some even predicting a fall to the 2021 all-time high of $69,000. The market sentiment is overwhelmingly negative, as reflected by the Crypto Fear & Greed Index, which has entered the "extreme fear" zone, a level not seen since the depths of previous financial crises. However, amidst this bearish outlook, there are signs of optimism. Bitcoin whales and sharks have begun to accumulate Bitcoin again, suggesting that large investors see value at current price levels. This accumulation could potentially lead to a relief rally if the trend continues. Despite the gloomy market mood, some experts argue that such extreme bearish sentiment historically precedes market recoveries, indicating that the current situation might present buying opportunities for those with a long-term perspective.
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Utah's Senate has passed a Bitcoin-related bill, but with significant amendments. Originally, the bill included a provision that would have allowed the state treasurer to invest in Bitcoin, potentially making Utah the first U.S. state with its own Bitcoin reserve. However, this clause was removed due to concerns about the early adoption of such financial policies. The revised bill, now headed to Governor Spencer Cox for approval, focuses on providing basic custody protections for Utah citizens engaging in Bitcoin activities like mining, running nodes, and staking. The decision to strip out the reserve clause came after it initially passed a second reading but was later deemed too risky. This development leaves other states like Arizona and Texas, which are also considering similar legislation, in the race to establish a state-level Bitcoin reserve. Meanwhile, on the federal level, President Trump has initiated a Strategic Bitcoin Reserve, highlighting a growing interest in cryptocurrency at various levels of government.
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A recent report by River, a Bitcoin financial services company, highlights that only 4% of the world's population holds Bitcoin as of 2025, with the United States leading in ownership at 14%. Despite its growing popularity, Bitcoin's adoption remains low, particularly in Africa where only 1.6% of individuals own it. The report suggests that Bitcoin has only tapped into 3% of its potential market, indicating significant room for growth. The primary barriers to mass adoption include a lack of understanding about Bitcoin, misconceptions about its legitimacy, and its high volatility, which particularly affects those in developing economies. These regions have increasingly turned to stablecoins as a more stable digital store of value. The U.S. government's recent interest in stablecoins to maintain dollar hegemony further underscores the evolving landscape of digital currencies.
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Bitcoin's price has experienced a significant downturn, dropping over 3% on March 9, with market analysts and traders closely watching for potential further declines. The cryptocurrency is currently testing key support levels, with the possibility of a crash to $75,000 being discussed. Exchange order books are showing areas of intense interest, particularly around the $83,000 mark, where bid liquidity is thick, indicating potential buying interest or support levels. Popular traders like TheKingfisher and Mikybull Crypto have highlighted critical price levels for stop losses and potential support, with the 50-week SMA being a focal point for a possible local bottom. Moreover, a historically reliable price prediction tool suggests a 95% likelihood that Bitcoin will not drop below $69,000, which would represent a significant correction from its current levels. This analysis comes amidst warnings of high liquidation risks and the need for traders to be cautious with their positions.
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The article discusses the impact of inflation on purchasing power, noting that a product costing $100 in 1995 would now cost around $208 due to an average inflation rate of 2%-3% over the last three decades. It highlights the recent spike in inflation starting in 2021, driven by various economic factors including volatile commodity prices and geopolitical issues. Amidst this backdrop, Bitcoin is presented as a potential hedge against inflation. Despite its volatility and the challenges it faces, such as stabilizing its price and attracting more institutional investment, Bitcoin's unique mining process and finite supply could position it as "digital gold." The article suggests that if Bitcoin can overcome these hurdles, it might serve as an effective long-term investment to combat inflation, similar to how gold has performed historically. However, it cautions that Bitcoin's current volatility and sensitivity to interest rate changes make it premature to consider it a reliable inflation-resistant asset.
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The iShares Bitcoin Trust ETF (NASDAQ: IBIT) saw a significant decline of 17% in February, mirroring the broader market's reaction to economic uncertainty. This downturn was influenced by several factors including plunging consumer sentiment, President Trump's tariff threats, and large-scale federal layoffs, all of which stoked fears of an impending recession. Despite Bitcoin being touted as a potential safe haven or store of value during inflationary times, its price behavior has more closely resembled that of volatile tech stocks, plummeting when inflation rose in 2022. Post-election, Bitcoin had surged to near all-time highs, buoyed by Trump's promises to make America the "Bitcoin capital of the world" and to establish a Strategic Bitcoin Reserve. However, these gains were short-lived as economic concerns led to a sell-off in risk assets, including Bitcoin. The administration did move forward with creating a Strategic Bitcoin Reserve, but it will utilize Bitcoin already seized by the government rather than new purchases, which disappointed some Bitcoin enthusiasts hoping for more direct government investment.
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Arkham Intelligence, a blockchain analytics firm, has rolled out a new feature on its platform designed to enhance transparency in the cryptocurrency ecosystem. This feature tags and tracks the cryptocurrency transactions of influential figures, or "key opinion leaders" (KOLs), who have amassed over 100,000 followers on the social media platform X. The tagging system, which currently includes 950 wallet addresses, aims to provide insights into the financial activities of these prominent individuals. Notable personalities tagged include Ethereum co-founder Vitalik Buterin, crypto entrepreneur Justin Sun, Binance's former CEO Changpeng Zhao, Yearn Finance and Sonic Labs co-founder Andre Cronje, and even U.S. President Donald Trump. This initiative not only highlights the growing intersection between social media influence and cryptocurrency but also underscores the increasing demand for transparency in digital asset transactions.
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The article discusses the current downturn in the stock market and the cryptocurrency sector, particularly focusing on Dogecoin. As of early March 2025, major indices like the S&P 500 and Nasdaq have experienced declines, prompting investors to look towards alternative investments like commodities or cryptocurrencies. However, the crypto market has not fared well either, with Bitcoin and Ethereum seeing substantial drops. Dogecoin, which had a remarkable 251% increase in 2024, has now fallen by 36% in 2025. This decline is attributed to the aftermath of the presidential election where Elon Musk's involvement and the creation of the "Department of Government Efficiency" (DOGE) played a role in inflating Dogecoin's value. Despite this, the article argues that Dogecoin's price surge was based on hype rather than intrinsic value or utility, leading to a predictable sell-off. The author advises against buying Dogecoin during this dip, suggesting that its price might continue to fall due to its speculative nature and lack of real-world application.
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Goldman Sachs, a prominent investment bank, has recently made a significant move by purchasing over $1.5 billion in Bitcoin and Ethereum ETFs, as disclosed in an SEC filing. This action underscores a growing acceptance of cryptocurrencies among institutional investors, potentially paving the way for increased legitimacy and stability in the crypto market. The bank's investment in Bitcoin is particularly notable, suggesting a long-term holding strategy rather than short-term trading, which could reduce the available supply of Bitcoin in the market due to its fixed supply dynamics. However, the investment in Ethereum was less substantial, reflecting perhaps the higher risk and different growth mechanisms associated with Ethereum's ecosystem. While this endorsement by Goldman Sachs is a bullish sign for crypto investors, it's advised not to base investment decisions solely on this move. Instead, investors should consider the broader implications of institutional adoption and focus on the intrinsic value and utility of these cryptocurrencies for long-term wealth-building.
