Bitcoin, Ethereum, XRP, Dogecoin Give Up Intraday Gains As Middle East Tensions Rattle Markets

Bitcoin trimmed earlier gains late Friday after fresh reports of escalating military tensions in the Middle East weighed on risk sentiment.

Notable Statistics:

Coinglass data shows 107,056 traders were liquidated in the past 24 hours for $450.16 million.

SoSoValue data shows net inflows of $53.9 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $115.9 million.

In the past 24 hours, top gainers include OFFICIAL TRUMP, Render and DeXe.

Notable Developments:

Trader Notes: Trader Leshka.eth said Bitcoin may face downside next week after forming a technical structure like December, which previously resulted in a bull trap followed by a sharp decline.

If…

Read more on Benzinga

Bitcoin Buyers Should Be ‘Ecstatic’ About $70,000, Ric Edelman Says

The 10-40% Allocation Thesis

Edelman recommends investors allocate 10-40% of portfolios to crypto despite Bitcoin trading more than 30% below its $126,000 record high from mid-October. 

He argues adoption is growing and Bitcoin’s returns are likely to dramatically outperform any other asset class over the next 5-10 years.

“We talk about 5 or 10% returns for other assets. Bitcoin is going to be 5x or 10x over the next 5 to 10 years,” Edelman said. “So the profit potential is massive.”

The second reason for serious crypto allocation stems from longevity. People are living longer thanks to medical innovation, and if you’re alive in 2030, odds are good you’ll live to age 100 or…

Read more on Benzinga

PI Rallies 30% On Kraken Listing Before Pi Day: What Is Going On?

Pi Network (CRYPTO: PI) surged 30% during Asia trading hours Friday after Kraken announced it will list the cryptocurrency ahead of Pi Day on March 14.

The Kraken Listing Catalyst

Kraken’s listing announcement triggered the rally as PI became available on a major U.S.-regulated exchange. 

The token is already listed on OKX, Gate, and Bitget, but Kraken’s entry expands access to mainstream retail and institutional traders.

The timing coincides with Pi Day on March 14, a holiday celebrating the mathematical constant where the first three digits are 3.14. The date has become a marketing opportunity for Pi Network, similar to how pizzerias and bakeries offer discounts.

Pi Network is a…

Read more on Benzinga

Dormant Wallet Nets $2.5 Million Profit On TRUMP Meme Coin Following Mar-a-Lago Gala News

Dormant Wallet Makes $7 Million Bet

A dormant wallet accumulated about 2.2 million tokens of Official Trump shortly after the project announced a gala luncheon at Mar-a-Lago.

According to on-chain data from Arkham Intelligence, the wallet, inactive for five months, began purchasing tokens from Binance on Mar. 13.

The whale executed four transactions, starting with a smaller test buy before making two purchases of roughly 1 million tokens each, followed by another 200,000-token acquisition, totalling more than $7 million.

The buying spree came hours after the project announced a conference and gala luncheon on April 25, open to the top 297 TRUMP holders based on average holdings between…

Read more on Benzinga

5-Minute Bitcoin Bets Hit $70M Daily Volume As Traders Lean Into AI

The AI Trading Strategy

The Financial Times reported on Friday that Max Wojcik, a 29-year-old engineer, feeds weeks of Bitcoin price data into three AI chatbots—Claude, Gemini and ChatGPT. 

He has the chatbots analyze the data together and calculate his probability of winning before he places any five-minute trades.

“Claude is my major brain right now, but I’m still manually placing the trades,” Wojcik said.

The engineer claims to have doubled his money over the past two months using this AI-assisted approach.

Traders flocking to short-term crypto forwards on Kalshi and Polymarket are presented with dashboards showing real-time prices fluctuating around a “price to beat” as a…

Read more on Benzinga

An AI Pivot Won’t Save You, Wintermute Tells Bitcoin Miners

Bitcoin miners are caught in the tightest squeeze of the network’s history, and a new Wintermute report argues that simply waiting for the next bull run is no longer a strategy. 

Instead, the firm says miners will have to reinvent themselves as infrastructure and treasury managers if they want to make it to the next halving.

Wintermute analyst Jasper De Maere says the current mining cycle is structurally different from prior ones in 2018 and 2022. Bitcoin’s design cuts block rewards in half every four years, but this time the price has not doubled over the same window, which means miner revenue is shrinking in real terms. 

On a rolling four‑year basis, Bitcoin has only returned…

Read more on BitcoinMagazine

South African Utility Company Considers Cheap Power For Bitcoin Miners

Eskom, a South African electricity public utility,  is exploring plans to sell excess daytime electricity to Bitcoin mining companies as rooftop solar installations reduce grid demand during daylight hours.

Speaking at the Biznews Conference 2026 in Hermanus, Eskom chairman Mteto Nyati said the utility is evaluating ways to monetize surplus power generated during the middle of the day, according to local reporting.

South Africa’s rapid adoption of rooftop solar systems has begun to reshape the country’s electricity demand profile. Many households and businesses now generate their own power during daylight hours, leaving Eskom with unused capacity once solar panels begin producing…

Read more on BitcoinMagazine

XRP Up 2% Without ETF Inflows: What Is Going On?

XRP (CRYPTO: XRP) is up 2% on Friday despite ETF outflows on Thursday as derivatives volume exploded 35% over the last 24 hours.

The ETF Outflow Problem

XRP spot ETFs recorded $6.08 million in net outflows on March 12, extending a streak of redemptions even as technical momentum improved. 

Total net assets sit at $967.77 million, but flow patterns have been unstable with big inflows on March 6 and 9 totaling $34.73 million, then outflows on March 5, 10, and 12.

U.S.-listed XRP ETFs recorded roughly $3.9 million in outflows during the session. The negative flows suggest institutional investors are trimming positions despite the price rally.

The Short Squeeze Catalyst

Derivatives data…

Read more on Benzinga

What’s Going On With SOLAI Stock Today?

SOLAI Limited (NYSE:SLAI) shares are down on Friday morning following a preliminary non-binding proposal from Chaince Digital Holdings Inc. to acquire all outstanding shares at a price of $3.069 per ADS.

• SOLAI stock is feeling bearish pressure. What’s behind SLAI decline?

The proposal represents a purchase price that is 110% of the company’s net asset value per ordinary share as of Sept. 30, 2025.

The final purchase price will be adjusted based on the most recent quarter-end net asset value, with a cap not to exceed $3.20 per ADS.

In addition, the board of directors has yet to make any decisions regarding the proposal, indicating that there is no guarantee of a definitive…

Read more on Benzinga

Bitcoin’s Cycle Is Intact, But The Bottom May Come In 2027, Analyst Says

Bitcoin’s (CRYPTO: BTC) four-year market cycle still appears intact, but 2026 may be too early to declare the end of the bear market, according to a prominent analyst.

Bitcoin Cycle Still Aligns With History

Benjamin Cowen said on Thursday that Bitcoin’s long-standing cycle pattern remains largely consistent with previous market cycles, despite claims on social media that the structure has broken.

According to Cowen, many investors believe the cycle failed because Bitcoin did not reach the extreme price targets they expected or because altcoins underperformed.

However, historical data suggests the cycle has followed a similar timeline to past market peaks.

Cowen noted that Bitcoin’s major…

Read more on Benzinga