Author: Yeek.io

Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles Hoskinson,” former CoinDesk Chief Insights Columnist David Z. Morris wrote on X – Hoskinson’s Cardano (ADA) was announced to be included in the Reserve. “Cut cancer research to buy Cardano,“ another user posted.  Others take issue with possible investment interests surrounding the Trump administration: Trump’s announcement is “a new level of corruption,” wrote communications strategist Derek Martin, detailing David Sack’s investment in Bitwise. “You get…

The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter.The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking close to a 4% growth for Q1. While GDP trackers like the Federal Reserve Bank of Atlanta can be volatile, several economic indicators also support the downward trend, which could also spell trouble for the crypto markets too, should a global liquidity crunch and more geopolitical conflict…

Some altcoins outperformed the broader cryptocurrency market as Bitcoin staged a significant rebound above the $90,000 psychological level, driven by positive news on crypto adoption in the United States.Cardano’s (ADA) token was the biggest gainer among the 100 largest cryptocurrencies, rising over 43% in the 24 hours leading up to 10:15 am UTC on March 3 to trade above $0.95, Cointelegraph Markets Pro data shows.ADA/USD, 1-month chart. Source: CointelegraphSolana (SOL) and XRP (XRP) also staged significant rallies, with XRP rising over 15% and SOL rising nearly 12% on the daily chart, outperforming Bitcoin’s (BTC) 7.3% intraday rise.ADA, SOL, XRP, 1-day…

Official Trump has surged higher in recent hours and increased buying pressure could drive prices higher. Despite the bullish structure break, traders need to be wary of a breakdown below the $14.67 support. Official Trump [TRUMP] has gained 8.37% in the past 24 hours. It has shifted its market structure bullishly on the 2-hour timeframe after breaching the $13.64 lower high on the 1st of March. Thereafter, the technical indicators showed increased short-term bullishness. If the key Fibonacci support levels can be defended over the next day or two, Official Trump might see more gains. Source: CoinMarketCap The memecoin market…

Whale selling pressure, combined with major resistance-level selling, added to JASMY’s downside pressure. Derivative market traders remained bullish as the number of contracts climbs alongside buying volume. In the past 24 hours, JasmyCoin [JASMY] saw a major rise in buying pressure, with its price gaining over 10%. This movement is associated with derivative traders placing long bets. However, AMBCrypto found that other segments of the market, led by large investors, are countering this move as they continue to sell JASMY, potentially impeding its future rally. Large investors and price roadblocks force a drop Despite bullish sentiment, large investors have continued…

Crypto exchange Coinbase is seeking to discover how much the US Securities and Exchange Commission (SEC) spent on enforcement action against crypto firms.  Coinbase chief legal officer Paul Grewal said in a March 3 statement to X that the request under the Freedom of Information Act (FOIA) was submitted to the SEC to find out how many investigations and enforcement actions were brought against crypto firms between April 17, 2021, through Jan. 20, 2025.The crypto exchange also seeks information on how many employees worked on the enforcement actions, how many third-party contractors were used, and how much it all cost.Source: Paul…

Bitcoin’s price has recently experienced notable volatility, driven by significant market developments and investor activity. Following an initial decline in recent days, BTC surged above $94,000 on Sunday. This increase was fueled by reports of an upcoming US strategic crypto reserve that includes BTC and other major digital assets. However, as of today, BTC is trading just below $93,000, signaling an unstable upward momentum in the crypto market. Amid this price movement, a recent analysis by CryptoQuant analyst KriptoBaykusV2 highlights an evolving pattern in Bitcoin’s net exchange flow, offering insight into investor sentiment. This data suggests that exchange inflows and outflows…

Crypto exchange Coinbase is seeking to discover how much the US Securities and Exchange Commission (SEC) spent on enforcement action against crypto firms.  Coinbase chief legal officer Paul Grewal said in a March 3 statement to X that the request under the Freedom of Information Act (FOIA) was submitted to the SEC to find out how many investigations and enforcement actions were brought against crypto firms between April 17, 2021, through Jan. 20, 2025.The crypto exchange also seeks information on how many employees worked on the enforcement actions, how many third-party contractors were used, and how much it all cost.Source: Paul…

The growth in the derivatives market and recent whale activity have fueled WIF’s bullish move. Analysis of the chart suggested a move to $1 could be on the horizon; however, there are key levels to note. There has been a massive surge in dogwifhat’s [WIF]  trading activity, fueling its recent 21% rally in the past 24 hours. This rally is a continuation of its past week’s rally, where the asset has gained over 30%, at press time. Currently, market participants align with the bullish sentiment seen on the chart. However, there is likely to be some pullback before the real…

As of now, Litecoin (LTC) is trading at $114.56, after experiencing a 10.15% decline in the last 24 hours, although it is down 6.87% over the last 30 days. This recent volatility highlights the dynamic and sometimes unpredictable nature of the crypto market, making short-term forecasts both challenging and intriguing. Litecoin Price Analysis The token has experienced a sharp 10.15% drop over the past 24 hours, which might be attributed to short-term profit-taking or a brief market correction. However, despite today’s significant decline, LTC has only fallen 6.87% over the past 30 days, suggesting that while there is short-term bearish…