Bitcoin Price Teeters Near $69,000 Despite Market Volatility

Bitcoin price traded near $69,000 on Monday, stabilizing after last week’s brief rally and then sell-off into the weekend. The cryptocurrency has remained resilient even as traditional equities and oil markets experience sharp swings.

Bitcoin price remains confined to the $62,500–$72,000 range following February’s sharp decline, with repeated attempts to break above $72,000 failing, according to Bitfinex analysts. 

A high of $74,047 on March 4 marked a brief breakout for the bitcoin price, but momentum could not be sustained, and the move was quickly reversed. The March 6 spike in negative realized profits of around $900 million shows that many investors exited positions…

Read more on BitcoinMagazine

Tom Lee Predicts Ethereum To Bottom This Week As BitMine Buys 60,976 ETH – BitMine Immersion (AMEX:BMNR)

BitMine Immersion Technologies (NYSE:BMNR) purchased 60,976 Ethereum (CRYPTO: ETH) previous week and forecasts ETH to bottom between March 8-14.

The 61,000 ETH Purchase

BitMine acquisition exceeds the recent weekly average of 45,000-50,000, with total holdings reaching 4,534,563 ETH at $1,965 per ETH.

The company now owns 3.76% of the ETH supply, over 75% of the way to the “Alchemy of 5%” target in just eight months.

Total crypto and cash holdings reached $10.3 billion, including 4.5 million ETH, $1.2 billion in cash, 195 Bitcoin (CRYPTO: BTC), $200 million stake in Beast Industries, and $14 million stake in Eightco Holdings.

BitMine has 3,040,483 staked ETH representing $6.0 billion at…

Read more on Benzinga

Less Than 1 Million Coins Left

Bitcoin has just crossed a major milestone: more than 20 million of its 21 million coins have now been mined. That means over 95% of the cryptocurrency’s total supply is out in the world, leaving less than one million coins yet to be created.

But don’t expect them to appear anytime soon — the last fractions of Bitcoin, called satoshis, are projected to be mined around the year 2140.

Bitcoin’s supply is built into its code, making it very different from traditional money like dollars or euros. When Satoshi Nakamoto launched the network in 2009, the system was designed to release coins gradually. 

Miners earn new bitcoins as rewards for validating transactions and adding them to…

Read more on BitcoinMagazine

Tokenized, NVDA And TSLA On Nasdaq? Coming 2027 In Partnership With Kraken: Report – Nasdaq (NASDAQ:NDAQ)

Nasdaq Inc (NASDAQ:NDAQ) plans to introduce tokenized versions of stocks and ETFs by early 2027 through a partnership with Kraken, signaling growing institutional adoption of blockchain infrastructure.

Tokenized Shares Alongside Traditional Equities

Nasdaq announced a partnership with crypto exchange Kraken to develop a framework for trading tokenized stocks and exchange-traded products, the Wall Street Journal reported on Monday.

Under the proposal, each token would represent one-to-one ownership of an underlying share, giving holders the same governance rights as traditional investors, including voting and dividend payments.

Kraken would act as a distribution partner, offering tokenized…

Read more on Benzinga

Bitcoin Taps $69,000, Shakes Off Oil Price Surge Beyond $100

Bitcoin (CRYPTO: BTC) tapped $69,000 on Monday morning after oil retraced back below $110, following the G7 and IEA’s announcement about the largest coordinated strategic oil reserve release in history.

The Historic Oil Intervention

The G7 and International Energy Agency announced the release of 400 million barrels of oil from strategic reserves, representing nearly 30% of the IEA’s total 1.2 billion barrel stockpile.

The emergency meeting was called to combat a severe supply shock following escalation of the Iran crisis.

Oil prices plunged 11% in one hour after the announcement.

The intervention targets oil prices that surged above $100 a barrel amid conflict involving Iran, the United…

Read more on Benzinga

U.S. Treasury Recognizes Legitimate Uses For Crypto Mixers

The U.S. Treasury Department told Congress that bitcoin or crypto mixers can serve legitimate financial privacy purposes, signaling a shift in the government’s approach to blockchain privacy tools. 

The 32-page report, submitted under the GENIUS Act, also proposes new legislative tools to combat illicit finance, including a “hold law” that would give financial institutions temporary safe harbor to freeze suspicious digital assets.

The report acknowledges that lawful users may employ mixers to protect sensitive information on personal wealth, business payments, or charitable donations.

This represents a recalibration from Treasury’s earlier stance, which included sanctioning…

Read more on BitcoinMagazine

Nigel Farage Acquires 6% Stake In Bitcoin Firm Stack BTC

Nigel Farage has taken a stake in a bitcoin treasury company led by former UK chancellor Kwasi Kwarteng, deepening links between the crypto sector and the populist political movement led by Nigel Farage.

Farage invested £215,000 in Stack BTC through his media company Thorn In The Side Ltd, according to disclosures tied to a fundraising round for the London-listed firm. The purchase gives the leader of Reform UK a stake of about 6.3% in the company.

The investment forms part of a £260,000 capital raise that also included participation from Blockchain.com. Stack issued 5.2 million new shares at 5 pence each, with the shares set to trade on the Aquis Growth Market.

Farage’s… Read more on BitcoinMagazine

Strategy (MSTR) Spends $1.28 Billion To Buy More Bitcoin

Strategy, the bitcoin treasury company led by executive chairman Michael Saylor, purchased another 17,994 bitcoin for about $1.28 billion last week, continuing one of the largest corporate accumulation strategies in the digital asset market.

The company disclosed in a filing with the U.S. Securities and Exchange Commission that the purchases took place between March 2 and March 8 at an average price of $70,946 per coin. The acquisition brings the firm’s total holdings to 738,731 bitcoin.

Strategy has now spent roughly $56.04 billion to build its bitcoin position, with an average purchase price of $75,862 per coin. At the current price near $68,000, the company’s holdings carry a…

Read more on BitcoinMagazine

Crypto Sees $619M Inflows During Iran Crisis As Bitcoin Wins, XRP Loses

Digital asset investment products recorded $619 million in inflows last week despite the Iran crisis, with Bitcoin (CRYPTO: BTC) dominating at $521 million while XRP (CRYPTO: XRP) bled $30.3 million in outflows.

The Weekly Flow Pattern

Early optimism was evident with inflows of $1.44 billion during the first three days of the week, according to Coinshares Research Blog. 

However, sentiment weakened later with outflows of $829 million on Thursday and Friday, despite payroll figures coming in significantly weaker than expected.

The rise in oil prices offset any potential decline in inflation that might otherwise have resulted from weak payroll data. Ultimately, the $619 million net inflow…

Read more on Benzinga

LATEST: Crypto Funds See $619 Million Inflows Amid Geopolitical Tensions Last Week

Digital asset investment products recorded $619 million in net inflows last week, with early optimism driving $1.44 billion in the first three days despite the Iran crisis. Later outflows of US$829 million occurred Thursday and Friday, offset by rising oil prices amid weaker payroll data.

Bitcoin led with $521 million inflows, while Ethereum saw $88.5 million and Solana $14.6 million. XRP experienced $30.3 million outflows, and short-Bitcoin products attracted $11.4 million. Overall sentiment remained broadly positive during geopolitical stress.

Source