Daily Crypto News5 Mar

March 5: Bitcoin holding at $70k!

Top Stories of the Day

Bitcoin’s Consolidation Phase: Bitcoin has retreated toward the $71,000 mark after failing to sustain its breakout above $74,000. While market conviction is currently thin, long-term allocators have reportedly been quietly adding to their positions during recent dips.
Link: Bitcoin pulls back to near $71,000
NYSE Owner Backs OKX: In a landmark deal, Intercontinental Exchange (ICE) has invested in the OKX exchange at a $25 billion valuation. The partnership plans to bring tokenized stocks and new derivatives to the market later this year.
Link: NYSE Parent Invests in OKX at $25B Valuation
Morgan Stanley Funds AI-Crypto Pivot: Bitcoin miner Core Scientific secured a massive $1 billion loan facility from Morgan Stanley to expand its data centers for high-performance computing and AI workloads.
Link: Core Scientific secures up to $1B credit from Morgan Stanley
Revolut’s Second U.S. Banking Push: Fintech giant Revolut has officially filed for a U.S. banking license for the second time, aiming for direct access to the Fedwire and ACH payment networks.
Link: UK Fintech Revolut Applies for US Banking License
The "Seized Crypto" Heist: Authorities in France have arrested the son of a U.S. government contractor, John Daghita, for allegedly stealing $46 million in crypto from seizure wallets managed by his father's company.
Link: Authorities nab suspect accused of stealing $46m in crypto
Federal Charter for Stablecoins: Infrastructure provider ZeroHash has applied to the OCC for a national trust bank charter to streamline its regulated stablecoin operations under a single federal framework.
Link: ZeroHash Applies to OCC for National Trust Bank Charter
Global Adoption Milestones: Cardano's ADA is now a payment option at 137 Spar supermarkets in Switzerland, while Kraken has secured limited master account access from the Kansas City Fed.
Link: Cardano's ADA Token Now Accepted at Spar Supermarkets

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Episoder(839)

Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends

Bitcoin spent last week consolidating after its huge move higher, and Craig sees the lack of a major snapback as a positive sign. The weekly candle finished essentially flat, even after selling follow...

31 Aug 6min

August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

itcoin is back below $78,000 after another failed attempt to establish $80K as support, while ETF inflows finally broke their winning streak and Kevin Warsh's Jackson Hole comments increased expectati...

31 Aug 15min

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

Bitcoin got as high as roughly $81,300 overnight and still couldn't maintain $80K. The battle is getting clearer. ETF demand remains strong, with another $242 million entering U.S. spot Bitcoin ETFs T...

28 Aug 17min

August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

Bitcoin finally broke $80K, but it could not hold it. That makes today's price action a rejection, not a confirmed breakout. The good news is that Bitcoin has real demand underneath it: U.S. spot ETFs...

27 Aug 15min

August 26: Bitcoin Keeps Bouncing Off $80K. What Will It Take to Break Through?

Bitcoin keeps bouncing off the $80,000 resistance level, and Matt explains why profit-taking is the biggest obstacle right now. Institutional investors are locking in strong gains, the short squeeze t...

26 Aug 12min

Bitcoin Just Changed the Picture

Craig says Bitcoin’s 26% weekly move changed the higher-timeframe picture. After weeks of frustrating sideways action, the three-month and six-month charts are now showing structures that have histori...

25 Aug 5min

August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins

Bitcoin briefly broke above $80,000, reaching roughly $81,100, before profit-taking pushed it back into the upper $70Ks. Matt explains why $80K remains an important psychological resistance level, wit...

25 Aug 14min

August 22: Bitcoin Hits $79K, but $80K Is the First Real Test

Bitcoin is pushing against the $80,000 barrier after one of its strongest weeks in months, driven by improving Treasury-market liquidity, nearly $2 billion in Bitcoin ETF inflows, short liquidations, ...

24 Aug 16min