Bitcoin
President Trump To Address The Digital Assets Summit Tomorrow
Published
2 days agoon
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admin
President Donald Trump is expected to deliver a speech tomorrow via a recording at Blockworks’ Digital Asset Summit (DAS) in New York City. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy.
Trump has previously engaged with the Bitcoin community, having spoken in person at the world’s largest Bitcoin conference in Nashville last summer while on the campaign trail. His return to the stage now as president further highlights the continued support from the U.S. government on Bitcoin.
Trump’s upcoming address at DAS comes only a couple weeks after moving forward with officially integrating Bitcoin into his national strategy, when he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, positioning BTC as a key asset for the country’s financial future.
Joining the lineup tomorrow at DAS is Strategy’s Michael Saylor, who will deliver a keynote speech and engage in a fireside chat with Bitcoin historian Pete Rizzo. Additionally, Bloomberg ETF analyst James Seyffart will host a panel discussion with BlackRock’s Head of Digital Assets Robbie Mitchnick and Nasdaq’s Head of U.S. Equities & Exchange-Traded Products Giang Bui, where they will delve into the evolving landscape of Bitcoin ETFs and institutional adoption.
The announcement of Trump’s participation follows remarks from Bo Hines, Executive Director on Digital Assets for President Trump, who spoke earlier this week at DAS. Hines reaffirmed the administration’s commitment to accumulating Bitcoin for the Strategic Bitcoin Reserve, stating:
“I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away.”
He also emphasized the administration’s approach to acquiring Bitcoin in budget-neutral ways, likening BTC accumulation to gold reserves:
“You know, I’ve been asked all the time, it’s like how much do you want? Well, that’s like asking a country how much gold do you want – as much as we can get.”
JUST IN –
President Trump’s Executive Director on digital assets: “We talked about ways of acquiring more Bitcoin in budget neutral ways.”
We want “as much as we can get.”
pic.twitter.com/zK8PyQK1Rw
— Bitcoin Magazine (@BitcoinMagazine) March 18, 2025
Trump’s executive order has already sparked legislative action aiming to build on this momentum. Senator Cynthia Lummis and Congressman Nick Begich have each proposed plans for the U.S. to acquire 1 million BTC over the next five years, ensuring a long-term reserve of the scarce asset. Earlier today at DAS, House Majority Whip and Congressman Tom Emmer stated that he believes this legislation will be enacted “before this congress is done.”
JUST IN:
Congressmen Tom Emmer said he believes Strategic Bitcoin Reserve bill to buy 1 million BTC will be enacted. pic.twitter.com/DlfuArq1rr
— Bitcoin Magazine (@BitcoinMagazine) March 19, 2025
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Bitcoin
Net Taker Volume on Binance Hits Yearly High Amid Bitcoin Price Consolidation
Published
2 hours agoon
March 22, 2025By
admin
Bitcoin continues to trade just below the $84,000 mark, reflecting a broader slowdown in upward momentum. Despite attempts to reclaim higher levels, the cryptocurrency has remained under the $90,000 mark for over two weeks.
This current range-bound activity comes nearly two months after Bitcoin touched its all-time high in January, indicating a period of uncertainty as traders assess macroeconomic conditions and upcoming Federal Reserve policy decisions.
In the midst of the stagnation from BTC’s price, on-chain data is offering contrasting signals on where the market might be headed next. Analysts have pointed to fluctuations in buying and selling pressure on major exchanges, particularly Binance, as key indicators of short-term market sentiment.
Surge in Binance Net Taker Volume
CryptoQuant analyst Darkfost recently highlighted a notable spike in net taker volume on Binance, the world’s largest centralized crypto exchange. According to Darkfost, net taker volume surged by $467 million in a single hour—marking the highest level recorded in 2025 so far.
This metric, which measures the difference between aggressive market buys and sells, is often used to gauge the immediate sentiment of active traders. A positive value indicates stronger buying activity and has historically signaled short-term bullishness.
Darkfost emphasized that this uptick in taker volume occurred just prior to the recent FOMC meeting, suggesting that some traders may be positioning for favorable policy outcomes.
While the data only reflects an hourly time frame and may not imply long-term directional change, the movement could signal a broader shift in sentiment among active participants, especially given Binance’s influential position in global crypto markets.
Buying pressure from Binance traders might be back.
— Binance is the CeX with the highest trading volume, making it particularly relevant for data analysis. —
The net taker volume is a powerful metric for gauging trader sentiment, as it measures the volume of market buys and… pic.twitter.com/enI1VMAixf
— Darkfost (@Darkfost_Coc) March 20, 2025
Bitcoin Whale Activity Returns as Exchange Ratios Spike
Meanwhile, another CryptoQuant analyst, EgyHash, provided a more cautious interpretation of recent activity. According to his analysis, the Bitcoin Exchange Whale Ratio—defined as the share of total exchange inflows coming from the top 10 largest addresses—has surged to its highest point in over a year.
This ratio is closely monitored because spikes often precede increased selling pressure, especially when large holders move funds to exchanges. While not a definitive indicator of immediate liquidation, the rise in whale-driven deposits suggests that some major players may be preparing for reallocation or profit-taking.
Combined with stagnant price action, this metric implies that Bitcoin’s current price level may be approaching a decision point, where the market direction will be determined by the balance between new demand and potential supply from large holders.
Featured image created with DALL-E, Chart from TradingView
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Bitcoin
Bitcoin Primed for Major Moves As Macroeconomic Conditions Ease, Says Analyst Jamie Coutts – Here’s His Outlook
Published
4 hours agoon
March 22, 2025By
admin
Real Vision’s chief crypto analyst says that Bitcoin (BTC) may soon print a series of rallies as macroeconomic conditions could ease later this year.
In a new thread, crypto strategist Jamie Coutts tells his 37,300 followers on the social media platform X that market liquidity is expected to increase in the second half of 2025, which may pump Bitcoin.
“The bottom line, though, is that if Bitcoin can rally through the worst liquidity withdrawal in decades, it’s primed for more significant moves as conditions ease through the rest of the year. Watch the blue line [Base Money Liquidity to Debt Ratio] begin to tick higher in 2H (second half) of the year.”
In addition to predicting money supply will increase faster than US debt, he also predicts that Bitcoin adoption will increase among US banks and sovereign wealth funds, helping to increase the value of the flagship crypto asset.
“More likely, base money outpaces government debt growth. What happens if base money expands faster than U.S. debt growth? In some reality, that might steady the ship and dampen the fear fueling Bitcoin adoption. But, in my view, that only hits the margins.
Meanwhile, deeper Bitcoin integration at both sovereign and banking levels is inevitable. Ultimately, US structural deficits are not changing. The US government will need to find new and inventive ways to ensure there is a bid for their debt.”
Bitcoin is trading for $84,090 at time of writing, flat on the day.
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24/7 Cryptocurrency News
Is Bitcoin Price Bottom In? Key Metrics Show rally Is Likely
Published
14 hours agoon
March 21, 2025By
admin
Bitcoin (BTC) price volatility is slowing down as the coin’s capitulation continues. At the time of writing, Bitcoin’s price was changing hands for $84,278.83 as it pared off the losses accrued in earlier trading. At this pace, the question now hinges on whether BTC can form sustainable support at the $84,000 price mark or whether further drawdown lies ahead.
Core Bitcoin Price Metric to Watch
According to Glassnode data, BTC Short-Term Holders (STH) are under increasing pressure. This group’s unrealized losses have surged, pushing many STH coins into losses. As revealed, their holdings are now nearing the two-standard deviation threshold.
Despite this outlook, the data platform hinted that losses remain within historical bull market bounds. Specifically, it noted that these losses are less severe than the May 2021 sell-off from the all-time high. Glassnode said the rolling 30-day losses for STH have topped $7 billion. It confirmed that “this remains well below prior capitulation events, such as the $19.8B and $20.7B losses in 2021-22.”
BTC price jumped to an ATH above $109,000 in January but has since dropped by 22.79%. While experts predicted a drop of over 35%, the limited loss from holders can form a good rebound basis.
BTC Price Bottom In, Here Are Triggers for Rally
Over the past week, Bitcoin has rallied within very tight price ranges, from a low of $81,300 to a high of $87,320. Some market observers believe the coin has attained its floor price and might be set for a rebound.
While firms like Strategy have kept Bitcoin purchase plans alive with Strife’s perpetual stock offering, the Global Money Supply M2 also lays a positive basis for growth. With the current outlook, the projection that the $83,00 level is the BTC price floor is resounding among analysts.
The shift in regulation and the backing of Bitcoin by President Donald Trump creates a tailwind for the coin’s proponents. At the Digital Asset Summit earlier this week, President Trump reiterated the plan to make the US the crypto capital of the world.
Several government agencies have shifted their policies in this regard, which might attract investors in the long term.
How High Can Bitcoin Valuation Rise?
Despite the slowdown in growth in recent weeks, many market leaders are still confident in the coin’s prospects. As reported earlier by CoinGape, Bitwise CIO Matt Hougan maintained the price target of $1 million by 2029. He cited a longer-term reaction to macroeconomic uncertainties as the basis for his prediction.
While this Bitcoin price prediction appears lofty, others believe Bitcoin may cross $200,000 once the bull rally returns. With spot Bitcoin ETF hype and other growing institutional adoption, BTC price has an arguably bright future.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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