Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet. Crypto analyst Matthew Hyland said in a video posted to X that Bitcoin needs a weekly close above $89,000 to confirm a bottom. A move above $89,000 could liquidate roughly $1.60 billion in short positions, according to CoinGlass data. If that does not happen, Hyland warns that Bitcoin will fall into the $74,000 to $69,000 range.Crypto market data daily view. Source: Coin360Buyers have a challenging task ahead of them. The inflows of $13.3 million into US spot Bitcoin exchange-traded funds (ETFs) on March 12 could not be sustained, and the ETFs recorded outflows of $135.2 million on March 13,…Read More

Bitcoin (BTC) circled $83,000 at the March 14 Wall Street open as traders set out requirements to flip bullish.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price RSI teases key “bullish divergence”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 5% on the day before consolidating.A characteristic lack of momentum at the start of the US trading session persisted, with risk assets still wary of macroeconomic and geopolitical surprises, notably in the form of US trade tariffs.Assessing the current status quo on the daily BTC/USD chart, popular trader and analyst Rekt Capital reported increasing odds of a bullish divergence playing out on the relative strength index (RSI) metric.Here, RSI should make higher lows as the price forms lower lows to indicate waning seller dominance.“Promising early-stage signs of a Bullish Divergence developing,” he wrote in one of the day’s posts on X.“Reclaiming the previous lows of $84k could set price up…Read More

REX Shares, an exchange-traded fund (ETF) provider with over $6 billion in assets under management (AUM), launched its Bitcoin (BTC) Corporate Treasury Convertible Bond (BMAX) ETF that invests in the convertible bonds of companies with a BTC corporate reserve strategy.According to the March 14 announcement, the ETF will purchase the convertible notes of companies such as Strategy. Convertible notes are commercial paper that can be converted into equity at a predetermined rate if an investor chooses.Typically, these convertible bonds are purchased by institutional investors, including pension funds, some of which specialize in convertible note investing. Greg King, CEO of REX Financial, said:“Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor — leveraging corporate debt to acquire Bitcoin as a treasury asset.”Investing in convertible bonds, ETFs and the equity of companies such…Read More

Opinion by: Kadan Stadelmann, chief technology officer, Komodo PlatformThe Crypto Task Force held a press conference in early February 2025. It struck the wrong tone. While the task force gave lip service to regulatory clarity, the goal seemed to placate the crypto industry, not bring about change that empowers individuals. On Jan. 23, the president established a working group for digital assets to propose a federal regulatory framework around issuing and operating digital assets, including stablecoins and a Bitcoin reserve. These goals must be expanded upon, and it seems they are, as the development of a strategic reserve is now underway. Instead of perpetuating the same discussion on “regulatory clarity” that the industry has been having with officials for years, the task force should take a similar approach to crypto matters as the Department of Government Efficiency (DOGE), which has been working in feverish haste to cut federal agencies and programs…Read More

Today in crypto, a new bill set to be introduced in Congress aims to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, Democrat Representative Gerald Connolly has urged the US Treasury to halt any efforts for a US strategic crypto reserve, and former Binance CEO Changpeng Zhao denied claims in a Wall Street Journal report suggesting that he has been actively seeking a federal pardon from President Trump.US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserveA new bill set to be introduced in Congress aims to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation’s financial strategy.Trump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve.The legislation, introduced by US Representative Byron Donalds, seeks to ensure the Bitcoin reserve…Read More

The cryptocurrency market has faced a significant downturn since the start of 2025, with some investors calling it the most painful cycle in history.Some were disappointed about industry policy changes and the memecoin craze in the United States, while others even speculated about talent leaving the sector for other industries.However, while the current crypto market state might look grim to some, the current cycle is far from being the most brutal on record, and many community members remain bullish.“For those who have been through multiple cycles, this is just part of the process,” Trezor analyst Lucien Bourdon told Cointelegraph.The post-Trump inauguration saleThe current decline in crypto markets came after Bitcoin (BTC) reached an all-time high above $106,000 in December 2024, with the spike largely attributed to optimism around Donald Trump’s victory in the US presidential election.While many were optimistic, some investors, such as BitMEX co-founder Arthur Hayes, accurately predicted a crypto sell-off…Read More