[ad_1] Bitcoin (BTC), the world’s leading cryptocurrency, has taken a significant hit, dropping below $91,000 as of February 25, 2025. From macroeconomic uncertainties to market-specific dynamics, several factors are contributing to why Bitcoin is falling and why its price is down today. In this article, we’ll break down the latest insights and explore the reasons behind Bitcoin’s current struggles. Especially since the price has reached its lowest level in three months, and some experts suggest that it may soon drop to around $70,000. Why Is Bitcoin Price Falling? As of today, Bitcoin (BTC) has fallen over 4.5% in the past…
Author: NBTC
[ad_1] Ethereum, the second-largest cryptocurrency by market cap, has faced significant challenges in the current crypto cycle. However, new initiatives could pave the way for a potential recovery, according to a recent investor note from VanEck. VanEck’s Head of Digital Assets Research Matthew Sigel and Senior Digital Assets Analyst Patrick Bush highlighted Ethereum’s declining market position in their report. “Ethereum has struggled in the current crypto cycle, both in terms of usage and asset valuation,” the analysts wrote, adding: “This decline is largely due to the erosion of the fundamental factors that once made Ethereum valuable.” While rival networks like…
[ad_1] Coinbase is renewing its effort to tokenize its own stock $COIN as part of a broader push to bring security tokens to the US market, an initiative it first attempted in 2020 but abandoned due to regulatory hurdles. With a newly formed crypto task force at the SEC, the company sees a renewed opportunity to integrate blockchain-based securities into traditional finance. The crypto exchange company’s Chief Financial Officer Alesia Haas expressed optimism about regulatory developments during the Morgan Stanley TMT Conference. “I now believe that our US regulators are looking for product innovation and looking to move forward,” Haas…
[ad_1] Morocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. Global Exchanges Fingered The Moroccan Foreign Exchange Office has reportedly launched an investigation into residents suspected of buying properties abroad using cryptocurrencies. Officials are also interested in understanding the role of global real estate companies that employ Moroccan intermediaries in property marketing. According to a local report, the probe is examining purchases of high-value real estate by Moroccans holding residency permits in other countries. These transactions are said to be facilitated by unnamed cryptocurrency exchange platforms that provide anonymity and privacy protection.…
[ad_1] Earlier today, RedStone amended the terms of its RED token airdrop without warning, causing Binance to suspend its listing. This caused the price to crash dramatically amidst community feedback, but the project soon responded. Now, an extra 2% of RED tokens are being airdropped today, and Binance is listing them as normal. The price has rebounded, but community resentment may linger all the same. RedStone Airdrop Concerns and Binance Listing RedStone, a DeFi oracle project, has run into some difficulties with its RED token airdrop. Over the past few months, the project became increasingly popular among the crypto community,…
[ad_1] Hotcoin Global established a partnership with BSK through which they embrace a blockchain project focused on decentralization and real-world utility. Through their strategic collaboration, the organizations are working on implementing blockchain innovations that improve accessibility and security features alongside enhanced digital financial services usability. Both Hotcoin Global and BSK are establishing themselves as pioneers in developing a decentralized solution through rising blockchain adoption. Exciting Partnership Alert! @HotcoinGlobal is teaming up with @BSK_Official_X to embrace the application of decentralized innovation to real world☄️BSK is a pioneering blockchain project that brings decentralized innovation to everyday life. Our ecosystem offers a wide…
[ad_1] There is blood all over Satoshi Street, with little hope of recovery in the coming days the market is sinking to its lowest levels with Bitcoin trading at a critical level of $89K. With the constant pull in Bitcoin prices after January’s $108K show, major investors pull their money out of U.S. spot Bitcoin ETFs. On Feb. 24, U.S. spot Bitcoin ETFs saw $517 million in outflows—the biggest in seven weeks as per data. This marks the fifth straight day of withdrawals, with BlackRock’s iShares Bitcoin Trust (IBIT) losing $159 million and Fidelity’s Wise Origin Bitcoin Fund seeing $247…
[ad_1] Ethereum price failed to clear the $2,320 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $2,220 resistance. Ethereum started a fresh upward move above the $2,120 support zone. The price is trading below $2,220 and the 100-hourly Simple Moving Average. There was a break below a key rising channel with support at $2,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,220 and $2,320 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price started a decent increase from the $2,000 zone, like Bitcoin.…
[ad_1] The Beige Book document, which is published periodically by the FED and provides valuable information about the US economy, has finally been published. Here are the details you need to know from the document: Overall economic activity has increased slightly since mid-January. Overall expectations for economic activity in the coming months are slightly optimistic. Prices increased modestly in most regions, although a few regions reported an acceleration in the pace of price growth compared with the previous reporting period. While most contacts in the region expect the tariffs to lead to price increases, some individual reports suggest companies have…
[ad_1] Crypto VC firm Foresight Ventures has committed $25 million to support early-stage blockchain initiatives on BNB Chain. Singapore-based crypto venture capital firm Foresight Ventures will invest up to $25 million in projects on BNB Chain through 2025 as part of the BNB Incubation Alliance. In a Feb. 24 press release shared with crypto.news, the firm said the initiative is aimed at boosting blockchain adoption by supporting emerging startups via BIA, an initiative which supports projects with access to resources, mentorship, and funding opportunities, including grants from BNB Chain and support from YZi Labs. “By backing projects within BIA, we…