March 5: Bitcoin holding at $70k!

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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Sept 15: Bitcoin Slips Below $77K as the 10-Year Breaks 5% and CLARITY Faces Its Big Vote

Sept 15: Bitcoin Slips Below $77K as the 10-Year Breaks 5% and CLARITY Faces Its Big Vote

Bitcoin slipped below $77,000 as the 10-year Treasury yield moved above 5%, oil remained above $100 and markets heavily priced a 25-basis-point Fed rate hike for Wednesday. ETF flows have also weakene...

15 Sep 13min

Craig's Biggest Trade This Week Is Staying in Cash

Craig's Biggest Trade This Week Is Staying in Cash

Craig starts the week largely in cash after last week's CPI and PPI volatility produced a massive Bitcoin whipsaw capable of stopping out traders on both sides of the market. Bitcoin remains consolida...

14 Sep 5min

Sept 14: Bitcoin Holds Near $78K as Oil, Yields and AI Fears Hit the Markets

Sept 14: Bitcoin Holds Near $78K as Oil, Yields and AI Fears Hit the Markets

Bitcoin remains around $78,000 as oil trades above $100, the 10-year Treasury yield flirts with 5% and markets prepare for Wednesday's Fed decision. Matt remains cautious on Bitcoin's near-term outloo...

14 Sep 21min

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Bitcoin reversed sharply from roughly $76,000 to above $78,000 even as August PPI rose 5.4% year over year, CPI increased 0.4% for the month, oil remained above $100 and the 10-year Treasury yield app...

11 Sep 15min

Sept 10: Wall Street Is Building on Crypto Rails While Bitcoin Slips Back Toward $77K

Sept 10: Wall Street Is Building on Crypto Rails While Bitcoin Slips Back Toward $77K

Bitcoin fell toward $76,900 as the 10-year Treasury yield climbed to roughly 4.87%, but the bigger stories are happening around crypto infrastructure. Nasdaq is investing $100 million in Kraken parent...

10 Sep 15min

Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market

Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market

Bitcoin remains trapped in consolidation, but Craig is watching $82,811 as the critical level that would end Bitcoin's monthly downtrend. The total crypto market cap has already broken its correspondi...

9 Sep 5min

Sept 8: Bitcoin Prints a Golden Cross, but $83K Still Has to Break

Sept 8: Bitcoin Prints a Golden Cross, but $83K Still Has to Break

Podcast SummaryBitcoin has printed a golden cross and ETF demand remains strong, but Matt still considers the market sideways until Bitcoin either clears roughly $82,000 to $83,000 or loses $75,000. O...

8 Sep 16min

Sept 7: Bitcoin Stalls Below $80K as AI, Quantum Computing and War Reshape the Risk Picture

Sept 7: Bitcoin Stalls Below $80K as AI, Quantum Computing and War Reshape the Risk Picture

Podcast SummaryBitcoin remains below $80,000 as a surprisingly strong August jobs report, a 4.1% unemployment rate, renewed U.S.-Iran fighting and Brent crude near $97 complicate the outlook for inter...

7 Sep 18min

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