Bitcoin Cash (BCH) has registered massive gains in the last few days, carving a 58% green candle on March 2. Meanwhile, the network’s hashrate surged to an all-time high record, which can fuel a continuation.

Notably, Bitcoin Cash has a $9.40 billion market cap – 130 times lower than the $1.20 trillion Bitcoin (BTC). Both originated from the same chain, created by Satoshi Nakamoto, and followed different paths in 2017 during the blocksize wars.

As of writing, BCH trades at $479, while BTC is at $61,840. This evidences the huge gap between them despite having the same economic fundamentals. Interestingly, Bitcoin Cash is rallying 78.5% in the weekly candle, moving from $268.

The recent surge is a continuation of the 185% gains observed in the two final weeks of July 2023. In particular, BCH broke from the 50-week exponential moving average (EMA), ranging slightly above the EMA since then.

Now, Bitcoin Cash tests a multi-year resistance and previous support in 2021. Breaking out from this zone could drive BCH’s price to last cycle’s highs at $1,642.5, for 240% gains.

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In an unprecedented move in the cryptocurrency sector, Crypto.com has unveiled a groundbreaking campaign for its Visa Card holders, promising tantalizing rewards for Apple enthusiasts. From now until April 2, 2024, users who apply for or upgrade their Crypto.com Visa Card and meet the specified CRO Net Buy requirements will be eligible for a unique offer: a reimbursement in CRO for purchasing select Apple products, ranging from the latest Vision Pro to the MacBook Pro and the iPhone 15 Pro.

This promotion, designed to cater to different tiers of cardholders, allows for escalating rewards with higher card levels. Ruby Steel cardholders can expect reimbursements for Apple accessories up to the value of $40 in CRO. Those with Jade Green or Royal Indigo cards could receive up to $800 in CRO, enough to cover a new iPhone 15. The rewards grow substantially with the Icy White or Rose Gold cards, offering up to $5,000 in CRO, suitable for an intermediate Apple package including a MacBook Pro, iPhone 15 Pro, and an Apple Watch.

The pinnacle of this offer is for Obsidian cardholders who can receive up to a staggering $20,000 in CRO, covering a full-suite Apple package. The process to avail of these offers is straightforward but requires commitment: users must lock up CRO to reserve or upgrade their card to a metal Crypto.com Visa Card of Ruby Steel tier or higher.

They must then ensure their CRO Net Buys—calculated as CRO buys minus CRO sells and withdrawals—equal or exceed 100% of the required CRO lockup for their card tier within the promotion period. Following the activation of their card, customers must use it for purchases at any official Apple Store within 30 days after card issuance to qualify for the reimbursement, which will be credited to their Crypto Wallet within three months post-promotion.

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The listing of ETHFI brings a new dimension to the platform's offerings and opens up opportunities for traders and enthusiasts alike.

According to the announcement made by OKX, the listing of ETHFI will follow a structured schedule to ensure a seamless trading experience for users. The program is as follows:

ETHFI Deposit Opening: It will start at 06:00 Turkey time on March 15, 2024.

ETHFI/USDT Spot Trading Launch: Scheduled on March 18, 2024 at 15:10.

ETHFI Withdrawal Opening: Will start at 13:00 on March 19, 2024.

Ether.Fi, the protocol behind ETHFI, is a new staking platform designed specifically for Ethereum.

In particular, deposits made to Ether.Fi are automatically re-staking with Eigenlayer, a system that reuses staked ETH to power external systems such as rollups and Oracles, thus improving the economic security layer.

This process provides higher returns for ETH stakers. In exchange for their deposits, users receive eETH, a liquid staking token that can be used across various decentralized finance (DeFi) protocols. ETHFI serves as the governance token of Ether.Fi.

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After experiencing consistent gains in recent days, the value of Bitcoin (BTC) seems to be consolidating above $60,000, a level that is also functioning as a support. However, uncertainty persists regarding the next direction for Bitcoin, as the asset failed to sustain its value above $64,000 after briefly touching it.

Looking ahead, crypto analyst Ali Martinez has presented a scenario that could result in Bitcoin dropping and finding potential support around the $50,000 zone.

In a post on X (formerly Twitter) on March 3, Martinez noted that more than 500,000 BTC had changed hands within the narrow range of $61,100 to $61,800, establishing a robust support area.

According to the analyst, if Bitcoin stays above $61,000, it could pave the way for a climb towards $65,900. However, a word of caution is warranted in a bearish turn. If Bitcoin dips below the established support, a correction could be triggered, potentially leading the digital asset to as low as $51,500.

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As Bitcoin continues its bull run, the community has raised an important concern: numerous platforms are reporting limitations on purchasing BTC. However, these concerns are unfounded, as community notes from Twitter (X) and confirmations from various sources have made it clear: Bitcoin remains available on CashApp, numerous over-the-counter (OTC) platforms and exchanges. There is no immediate supply shock, but what does this mean for Bitcoin's future? The notion of a Bitcoin supply shock stems from the cryptocurrency's capped supply of 21 million coins, with over 18 million already mined and in circulation. The scarcity of Bitcoin is one of its most vaunted features, potentially leading to a supply shock where demand far exceeds the available supply, thus driving up the price.

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Web3 Wallet team from the Binance cryptocurrency exchange has completed the integration of the Blast network.

According to the exchange’s announcement on March 4, Binance Web3 Wallet now supports Blast, an Ethereum Layer 2 scaling solution offering built-in yield for Ethereum (ETH) and stablecoins.

As part of the integration, crypto wallet users will be able to use the Binance Web3 Wallet to transfer tokens to and from the Blast network and access various decentralized applications on the network. To view and find Blast in Binance Web3 Wallet, you need to go to the Web3 Wallet section and select the Networks.

Binance did not provide other details of the initiative. The Blast project team also did not react to the news about the integration.

You might also like: EigenLayer’s TVL nears $6b, enters top 5 defi protocols

On Feb. 29, Blast developers announced the launch of the mainnet. Along with the launch, users could withdraw their funds previously blocked in the protocol. Over 180,000 users deposited more than $2.3 billion into the protocol during the early access phase, L2Beat reports.

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Bitcoin (BTC) has managed to reclaim a price point of $64,000, a mere 8% shy of its all-time high.

The leading digital currency has closed its "greenest" weekly candle ever, with a staggering $11,404 difference between its opening and closing prices on Bitstamp.

This rally has caught the attention of investors and analysts alike, prompting a closer examination of the factors driving this bullish momentum.

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The latest surge in interest for US bitcoin ETFs is putting additional pressure on firms that currently don’t offer their clients access to them, industry watchers say.

The 10-fund segment notched record net inflows of $673 million on Feb. 28. Combined trade volumes reached $7.6 billion that day, shattering the previous record of about $4.5 billion set during the ETFs’ first day on the market.

Last week’s weekly inflow total for the funds was roughly $1.7 billion — second only to the amount of more than $2.2 billion seen from Feb. 12 to Feb. 16. The trading volumes of the bitcoin ETFs reached new heights, amounting to about $22 billion from Feb. 26 to March 1.

“That demand absolutely impacts how these funds are viewed by wirehouses and wealth managers,” said Bitwise researcher Ryan Rasmussen.

Initial demand in these funds has been driven largely by retail investors. Analysts and industry executives have said they expect another wave of flows as more investment firms and platforms allow clients to allocate to the ETFs.

Read more: ‘Primary market’ for bitcoin ETFs largely hasn’t yet adopted such funds

Many platforms have specific liquidity requirements — like assets under management and average daily trading volume minimums — that funds must meet before they consider approving them on their platforms.

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Huge tokens have been dropping left and right so far in 2024, and gaming projects are getting in on the excitement. Tokens tied to games and networks have been among this year’s biggest launches as the broader crypto market rebounds and airdrops accelerate.

From Portal to Pixels, these are the gaming tokens that have made waves so far this year, ranked by peak market cap to date per CoinGecko, at the time of writing. But there are sure to be more big tokens ahead, as our gaming airdrops roundup suggests, so stay tuned—we’ll keep updating this list.

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A Nigerian lawmaker is accusing Binance of violating the law, according to a report by the Punch newspaper.

The Punch report quotes the chairman of Nigeria’s House of Representatives Committee on Financial Crimes, Ginger Onwusibe, saying that the country’s constitution empowers lawmakers to “protect Nigerians from financial crimes, especially by foreign companies.”

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Chinese state media are warning investors against investing in cryptocurrency amid the Bitcoin rally. The state-run Economic Daily noted on Sunday that investors should remain cautious about the risks associated with bitcoin and products whose value is tied to cryptocurrencies. The newspaper quoted Beijing-based lawyer Xiao Sa, who noted the recent approval of spot Bitcoin ETFs in the United States. The approval has lowered the entry barrier for foreign investors and increased trading activity in the market, he said.

He also emphasized that foreign Bitcoin ETF intermediaries cannot sell related financial products to Chinese citizens. In addition, residents of Mainland China are prohibited from directly purchasing relevant financial products using the instruments. The article also quoted Zhao Wei, a senior researcher at OKX, who highlighted other problems in the cryptocurrency market. These include increasing macroeconomic uncertainty, the presence of unforeseen industry events and unclear regulatory policies.

In September 2021, the Chinese government took a significant step to ban cryptocurrencies, involving 10 different agencies. They have declared various cryptocurrency-related activities illegal, classifying them as illegal financial activities. The move was aimed at restricting the use and trading of cryptocurrencies within the country. While the government has cracked down on these activities within the country, it has not outright banned individuals from possessing digital assets like Bitcoin or Ethereum.

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According to analysts, Bitcoin is heading towards new highs, but may also see harsher corrections according to the latest charts.

This week, Bitcoin fell 10% after reaching a new intraday record. However, analysts believe it could achieve further upside.

According to analysts, while Bitcoin is on track to achieve even greater rises this year, investors should consider these fluctuations as healthy retreats.

According to Fairlead Strategies, Bitcoin has been testing the last resistance level at $64,900 at the weekly close since reaching $57,000 last week. The firm is looking for two consecutive weekly closes above this level to confirm the breakout.

“A breakout would be a long-term bullish development that leaves no resistance,” said Fairlead Strategies representative Katie Stockton. Stockton added that the long-term momentum is positive and there are no signs of exhaustion in the long-term upside.

However, Bitcoin's support is at around $48,100, which represents a decline of about 30% from where BTC was trading on Thursday. Stockton suggested that there is a possibility that Bitcoin could give a sell signal next week. According to CryptoQuant, this support level is slightly higher than Bitcoin's short-term realized price of $42,700, which represents the average cost at which different BTC holders purchased their Bitcoin.

The short-term realized price acts as a ceiling in bear markets and a floor in bull markets. JPMorgan also suggested last week that Bitcoin could drop to the $42,000 level after April, when Bitcoin-halving-induced enthusiasm fades.

CryptoQuant shows traders' unrealized profit margins are above extreme levels at 52%, a 20% increase from last week. Julio Moreno, head of research at the crypto data provider, explained that this indicator acts as a price correction signal when it rises above 40%.

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The cryptocurrency market is busy discussing the potential approval and implications of Ether ETFs. However, not all industry experts are optimistic about its immediate future. Eric Balchunas, a senior Bloomberg analyst, has expressed skepticism, comparing the excitement around Ether ETFs to an opening act trying to follow a headliner. This might indicate that the much-hyped Ethereum ETFs may not live up to the hype, especially when compared to spot Bitcoin ETFs. This sentiment casts a shadow of doubt over the potential impact of Ether ETFs on the cryptocurrency landscape.

Read more on U.Today https://u.today/top-analyst-downplays-ether-etfs?utm_source=cryptonewsalerts

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Recent news that Qatar is actively exploring Bitcoin investments first emerged last September 2023, when His Highness Tamim Bin Hamad, Emir of Qatar, arrived in El Salvador to talk about Bitcoin adoption.

There is no official confirmation that Qatar has adopted Bitcoin or made any BTC investments after this visit.

Bitcoin maximalist Max Keizer, who is also a close friend of El Salvador's President Nayib Bukele, is also known to be trying to get Qatar to accumulate BTC.

At this point, Max Keiser quotes the news dated September 2023 as saying “this is happening!” said. Scaramucci also shared the post in question, pointing out that Max Keizer's post was proof that Qatar bought BTC.

Experts point out that the most important issue in the relationship between Qatar and Bitcoin is what will happen to the BTC price when rich Middle Eastern countries such as Saudi Arabia and Qatar start accumulating Bitcoin with their oil money.

At this point, experts said that we could see a large amount of money flowing into Bitcoin as oil-rich countries such as Qatar and Saudi Arabia start accumulating BTC, which will push the price up.

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The last 24 hours saw ethereum’s (ETH) price swing from $3,411 to $3,537, encapsulating the volatile nature of the crypto market. A hefty trade volume of $20.02 billion and a market capitalization of $421.26 billion underline ether’s significant market presence on Monday.

Oscillators present a mixed picture; while the relative strength index (RSI) and Stochastic indicate neutrality, the commodity channel index (CCI) signals a bearish outlook, and momentum and moving average convergence divergence (MACD) levels suggest a bullish opportunity. Such divergence calls for cautious interpretation.

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Binance announced that it has added several new trading pairs to the Spot platform in order to enrich the trading options offered to its users and provide an improved trading experience.

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A comprehensive analysis of the weekly chart highlights Bitcoin’s remarkable upward trajectory, fueled by growing interest and optimism among market participants. The recent surge, propelled in part by the approval of spot Bitcoin ETFs, has seen the price surpass several critical resistance levels, edging closer to the pivotal all-time high of $69K.

Despite this upward momentum, the $69K mark looms as a significant resistance area characterized by a substantial supply overhang.

As participants seek to capitalize on profits, heightened selling pressure may emerge, potentially triggering a temporary market reversal. Should a retracement occur, Bitcoin’s primary target on the weekly chart would be the significant support zone around $48K, aligned with the 100-day moving average. Nonetheless, the broader outlook suggests Bitcoin is poised to extend its bullish trajectory, eyeing new all-time highs in 2024.

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After Bitcoin (BTC) reached its last all-time high of nearly $69,000, a significant portion of the market has increasingly viewed the $100,000 level as the next potential milestone for the maiden cryptocurrency.

With Bitcoin presently trading above the $60,000 support zone, discussions surrounding the $100,000 target have resurfaced, with some market participants projecting that this milestone could be achieved in 2024.

In this context, crypto trading analyst Gareth Soloway has identified a crucial catalyst that could propel Bitcoin to the targeted mark. During an interview with David Lin published on March 2, Soloway stressed the importance of monitoring market liquidity, suggesting that an increase might favor Bitcoin.

According to Soloway, investors should scrutinize liquidity “like a hawk,” highlighting the potential impact of systemic changes in liquidity on Bitcoin’s trajectory.

Soloway pointed to the Federal Reserve’s dilemma in managing monetary policy amid record-high markets and approximately 3% inflation. He emphasized that the Fed’s reluctance to cut rates aggressively could sustain high inflation, potentially bolstering Bitcoin’s upward trend.

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Bitcoin
BTC

tickers down
$65,183

starts a new week with bulls gunning for all-time highs as February’s BTC price transformation continues.

After a solid monthly close, the first weekly candle of March completed comfortably above $60,000.

As anticipation mounts of what might come next, sellers tacitly accept that there may be nothing in the way of Bitcoin heading into price discovery.

The scenario marks one of the most optimistic outcomes for 2024 and is considerably better than what many traders and analysts expected.

That said, plenty of volatility hurdles remain in place between now and the end of the month — and April’s block subsidy halving remains a pivotal moment in itself.

The action gets underway almost immediately with the United States Federal Reserve due to provide guidance on the state of the economy.

Should this offer no surprises for risk-asset traders, crypto already has enough to contend with — the exchange-traded funds (ETFs) may continue buying BTC. Still, the average investor is now acting out of “extreme greed.”

Can the market trajectory sustain its recent trend, or is a more substantial correction and consolidation period possible?

Cointelegraph looks at the current state of Bitcoin markets at what could become a watershed moment for the current BTC price cycle.

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Bitcoin (BTC), the leading cryptocurrency, continues its remarkable bullish run, surpassing the $65,000 mark on Monday and inching closer to its all-time high of $69,000. Simultaneously, BTC has achieved a significant milestone against the Euro as economic concerns escalate across Europe.

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