Bitcoin price has shown a โsell the newsโ pattern despite the long-awaited creation of the US strategic reserve. The biggest disappointment is that the government does not plan to buy Bitcoin through the market at current prices.
After the announcement, the price fell from $91,000 to $85,000, but soon managed to recover to the $88,000 level.
Bitwise states that the main goal is not to buy Bitcoins from all over the world, but rather:
โ Other countries may follow the path of the US,
โ The possibility of the International Monetary Fund (IMF) and other regulators banning Bitcoin has decreased,
โ Government reserves, pension funds, and investment funds can buy Bitcoin,
โ Most importantly, the possibility of a 200,000 BTC pressure on the market has disappeared.
After the announcement, the price fell from $91,000 to $85,000, but soon managed to recover to the $88,000 level.
Bitwise states that the main goal is not to buy Bitcoins from all over the world, but rather:
โ Other countries may follow the path of the US,
โ The possibility of the International Monetary Fund (IMF) and other regulators banning Bitcoin has decreased,
โ Government reserves, pension funds, and investment funds can buy Bitcoin,
โ Most importantly, the possibility of a 200,000 BTC pressure on the market has disappeared.
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The Strategic Bitcoin Reserve โ includes the possibility of buying more BTC in the future. That is, it is "fiscally neutral" and can be purchased again at the expense of the following extrabudgetary funds, in addition to tax revenues:
- $39 billion from the Currency Stabilization Fund;
- $160 billion from SDR trading;
- $800 billion from the revaluation of gold certificates;
- and so on.
Digital asset stock โ These are mostly altcoins and have no possibility of further redemption other than confiscation or criminal forfeiture.
Currently, the US government has 198,109 BTC on its balance sheet , but 94,000 BTC of it must be returned to the Bitfinex exchange in accordance with a US court order. These Bitcoins were stolen by hackers from the Bitfinex exchange in 2016, and the US government confiscated them from the hackers. Yesterday, D. Trump publicly announced that the US government has 200K BTC, now they will be audited and the question of bringing it to 200K remains open after they know the actual reserve.
Most importantly, the US has started a strategic reserve. It's China's turn and other countries. They also have a lot of them... So a BTC race between countries may begin.
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Experts say that trading CS2 skins is becoming more profitable than stocks and crypto-asset coins.
The gaming skins market has reached a total of $4.3 billion and has grown by 20% in the last three months.
The price of CS2 skins is growing more steadily than crypto-assets and stocks of large companies. The value of skins depends on the popularity of the game, its rarity, and other factors.
The gaming skins market has reached a total of $4.3 billion and has grown by 20% in the last three months.
The price of CS2 skins is growing more steadily than crypto-assets and stocks of large companies. The value of skins depends on the popularity of the game, its rarity, and other factors.
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๐ Important news expected for the blockchain world this week:
๐ธ Monday
- The US House of Representatives is debating the Genius Act bill on stablecoins.
- China will impose additional tariffs on certain products imported from the United States.
- Binance delists ERN token due to rebranding. It will be relisted under the name EPIC on Thursday.
๐ธ Tuesday
- Second final decision from VanEck, 21Shares, Canary, and Bitwise for Solana ETFs is expected to be announced. (SOL)
- An update will be made on the Horizen network. (ZEN)
๐ธ Wednesday
- At 5:30 p.m., the US annual inflation rate will be announced.
- SushiSwap is performing a major network upgrade. (SUSHI)
๐ธ Thursday
- At 5:30 p.m., the US annual producer price index will be released.
๐ธ Friday
- The temporary spending law for the US government, passed during the Biden era, is about to expire.
๐ธ Monday
- The US House of Representatives is debating the Genius Act bill on stablecoins.
- China will impose additional tariffs on certain products imported from the United States.
- Binance delists ERN token due to rebranding. It will be relisted under the name EPIC on Thursday.
๐ธ Tuesday
- Second final decision from VanEck, 21Shares, Canary, and Bitwise for Solana ETFs is expected to be announced. (SOL)
- An update will be made on the Horizen network. (ZEN)
๐ธ Wednesday
- At 5:30 p.m., the US annual inflation rate will be announced.
- SushiSwap is performing a major network upgrade. (SUSHI)
๐ธ Thursday
- At 5:30 p.m., the US annual producer price index will be released.
๐ธ Friday
- The temporary spending law for the US government, passed during the Biden era, is about to expire.
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Bitcoin is currently in a downtrend, forming a smaller uptrend. However, given that the main trend is still down, this small uptrend may only be short-lived and may start to decline again after reaching the trend line. Therefore, it is important to carefully monitor the trend for breakouts.
๐ To talk about a clear increase, Bitcoin needs to break the $86,200 level. If this level is broken, a bullish signal may be activated. However, if selling pressure comes from this level and the price starts to decline again,๐ Bitcoin is likely to fall to $81,000. The probability of a decline is high at the moment, as the price is moving away from liquidity while it is rising and is being formed by bot trading rather than real volume. This can also be seen from the candlestick pattern.
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Pavel Durov allowed to temporarily leave France
Telegram founder Pavel Durov was arrested at Le Bourget airport in August 2024 and banned from leaving Paris on charges including terrorism, money laundering, and drug trafficking.
According to the French International News Agency (AFP); it has now been revealed that Durov is on his way to Dubai.
The TON crypto-asset's reaction to this news is positive.
Telegram founder Pavel Durov was arrested at Le Bourget airport in August 2024 and banned from leaving Paris on charges including terrorism, money laundering, and drug trafficking.
According to the French International News Agency (AFP); it has now been revealed that Durov is on his way to Dubai.
The TON crypto-asset's reaction to this news is positive.
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Elon Musk's artificial intelligence bot, Grok, appears on Telegram
On March 19, Pavel Durov announced that his social network Telegram had reached over 1 billion monthly active users. Elon Musk congratulated him on the achievement.
After that, Durov was asked if Telegram and the Grok chatbot created by Musk's xAI startup would be integrated. Durov answered in the affirmative.
A special bot for Grok, @GrokAI , has appeared on Telegram. According to reports, it will be available for free only to Premium subscribers.
On March 19, Pavel Durov announced that his social network Telegram had reached over 1 billion monthly active users. Elon Musk congratulated him on the achievement.
After that, Durov was asked if Telegram and the Grok chatbot created by Musk's xAI startup would be integrated. Durov answered in the affirmative.
A special bot for Grok, @GrokAI , has appeared on Telegram. According to reports, it will be available for free only to Premium subscribers.
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โช๏ธI urge the US Congress to pass legislation to regulate stablecoins.
โช๏ธ We will create a crypto reserve and not sell digital assets like Biden.
โช๏ธ Stablecoins increase the dominance of the dollar.
โช๏ธ I urge the US Congress to pass a crypto-reserve bill.
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๐ฆ Rising US dollar inflation will lead to a tightening of FED policy, which will cause investors to withdraw from risky assets. Conversely, the FED will lower rates, increasing investors' interest in risky assets.
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โ Bitcoin has a fixed supply of 21 million coins, making it a scarce asset. But what if all the BTC in circulation were bought up? Hereโs what could happen:
โข Bottom Line: If all BTC were bought and held tightly, Bitcoin would become an ultra-rare asset, but trading and usability could suffer. However, markets always find a balance, and some holders would eventually sell, keeping Bitcoin alive.
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Crypto markets donโt move randomlyโglobal economic factors play a huge role in price action. If you want to trade like a pro, you must understand how these key indicators impact Bitcoin and altcoins.
โข When interest rates rise, borrowing becomes expensive, and investors pull money out of riskier assets like crypto. โ Bearish for crypto
โข When interest rates drop, liquidity increases, and risk-on assets pump.
โ Bullish for crypto
โข The Federal Reserve (FOMC) meetings announce rate changesโcheck their calendar!
โข High inflation can make Bitcoin attractive as a hedge against fiat devaluation. โ Bullish
โข Lower inflation reduces the urgency for alternatives like BTC. โ Bearish
โข The CPI report is released monthlyโbig moves happen on this day!
โข A strong job market = more disposable income = more crypto investments. โ Bullish
โข High unemployment = less money for risky assets = Bearish
โข The NFP report is released on the first Friday of every month.
โข A strong dollar makes BTC less attractive. โ Bearish
โข A weak dollar boosts BTC as an alternative store of value. โ Bullish
โข DXY moves daily, but watch for big news from the Fed and economic data releases.
โข Higher yields attract capital to bonds, taking money out of crypto. โ Bearish
โข Lower yields push investors into riskier assets like BTC. โ Bullish
โฝ6. Oil Prices โ Indirect Effect
โข Rising oil prices โ higher inflation โ possible rate hikes โ Bearish for crypto
โข Falling oil prices โ lower inflation โ easier monetary policy โ Bullish for crypto
โข More money printing = more liquidity = higher risk appetite. โ Bullish
โข Tighter money supply = less cash for speculative assets. โ Bearish
โข Crypto bans, lawsuits, or restrictive laws = Bearish
โข Crypto-friendly policies, Bitcoin ETFs, or legal adoption = Bullish
โข Every 4 years, Bitcoinโs mining rewards are cut in half, reducing new supply. Historically, this leads to a huge bull run within a year.
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โ If youโve been in crypto for a while, youโve probably heard of Michael Saylor โ the guy who keeps buying insane amounts of Bitcoin no matter what the market is doing. But who is he, and why is he so obsessed with BTC? Letโs break it down.
Michael J. Saylor is an American entrepreneur, co-founder, and Executive Chairman of Strategy (formerly MicroStrategy), a business intelligence company turned Bitcoin powerhouse. He was born on February 4, 1965, and became a billionaire during the dot-com boom. However, in the early 2000s, he lost most of his wealth after Strategyโs stock collapsed due to accounting errors.
Saylor went full Bitcoin maxi in 2020. He called Bitcoin โdigital goldโ and started converting Strategyโs cash reserves into BTC.
โข August 11, 2020 โ Strategy bought 21,454 BTC for $250 million, marking the first public company to make such a move.
โข September 14, 2020 โ Bought another 16,796 BTC for $175 million.
โข December 2020 โ March 2021 โ Saylor kept buying, accumulating over 91,000 BTC by March.
โข October 2023 โ Strategyโs BTC holdings surpassed 158,000 BTC.
โข March 19, 2024 โ The company announced they now hold 214,246 BTC, acquired for $7.53 billion at an average price of $35,000 per BTC.
Saylor believes:
โข Institutional FOMO โ After Strategy, other companies like Tesla and Square followed.
โข Bull Market Catalyst โ Every time Strategy buys, Bitcoinโs price gets a confidence boost.
โข HODL Mentality โ Saylor never sells. His strategy is simple: buy, hold, buy more.
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โข High VIX (50+): Called โCrisis Mode.โ During this period, it is common for stock prices to fall sharply, investors to avoid risky assets and move into safe assets (gold, US Treasury bonds).
โข Moderate VIX (20-30): Normal volatility, there is some anxiety in the market, but not at crisis levels.
โข Low VIX (<20): Investor composure and market stability.
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โข 2010: S&P 500 falls 17%. Interest rates remain at 0%, QE2 (quantitative easing program) begins.
โข 2011: S&P 500 fell 21%. Interest rates were kept at 0%, and โOperation Twistโ (a program to swap long-term bonds for short-term bonds) was implemented.
โข 2012: S&P 500 fell 11%. Interest rates were kept at 0%, QE3 (the third quantitative easing program) began.
โข 2016: S&P 500 fell 15%. Interest rates were raised to 0.25%, but then the plan to raise rates was suspended.
โข 2018: S&P 500 fell 20%. Interest rates were cut 3 times in 2019, QE4 (the fourth quantitative easing program) began.
โข 2020: S&P 500 falls 35%. Interest rates are cut to 0%, QE5 (the fifth quantitative easing program) begins.
๐ฆบ This data shows how the Fed responded to the downturn in financial markets, mainly by trying to support the economy through interest rate cuts and quantitative easing programs.
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๐ Jim Cramer says Monday will be like "Black Monday" of 1987, when the market fell 23% in one day.
๐ง Tomorrow we'll find out if this is another masterpiece from Kramer or a once-in-a-lifetime truth.
๐ @education
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