
Bitcoin Melted the Value of the Crypto Market by 6%!
Sharp drop in Bitcoin price led to liquidation of $661 million in the crypto market
Sharp drop in Bitcoin price led to liquidation of $661 million in the crypto market
Bitcoin Its price dropped from $73,090 to $66,717, and the liquidation of $661 million in the last 24 hours affected approximately 200,000 investors. This, combined with the decrease in ETF inflows, increased concerns that prices may fall further. Bitcoin, which has been trying to recover with the purchases since the morning hours, is traded at $ 68,380.
New precautionary calendars have been determined in the Ripple-SEC case
A new calendar has been determined for the case between Ripple and the SEC. The SEC will file its opening petition on March 22, and Ripple will file its counterpetition on April 22; The SEC’s response will come on May 6. These changes were made after Ripple requested to extend the discovery process in February. The SEC also requested an extension due to the need to review the documents, and this request was granted. The case could have significant implications for cryptocurrency regulation and compliance.
JPMorgan: Interest in gold and BTC ETFs boosts crypto market
According to JPMorgan analysts, while there is intense interest in spot BTC ETFs, there are outflows in gold ETFs. However, this does not mean that investors switched from gold to Bitcoin. Analysts state that retail and institutional investors are supporting the rally in the market by purchasing both assets.
Crypto
Bitcoin managed to rise above $ 98,000
Bitcoin is traded at $ 98,323 at the Ethereum $ 2,715. The total value of the crypto currency market is 3.11 trillion dollars. Bitcoin’s market value of $ 1,94 trillion, Ethereum’s market value is $ 327 billion. Strategy, with a new purchase of $ 742 million, reached 478,740 BTC.

Bitcoin is traded at $ 98,323 at the Ethereum $ 2,715. The total value of the crypto currency market is 3.11 trillion dollars. Bitcoin’s market value of $ 1,94 trillion, Ethereum’s market value is $ 327 billion. Strategy, with a new purchase of $ 742 million, reached 478,740 BTC.
The company, which attracted attention with the treasury of Bitcoin and recently re -branded Strategy from Microstrategy, purchased 7,633 BTCs and increased its total assets to 478.740 BTC. This last purchase was made at an average price of $ 97.255 for $ 742.4 million. The total Bitcoin investment of the company reached $ 31.1 billion with an average cost of $ 65,033, and Strategy holds 2.2 %of Bitcoin’s total supply.
This enlargement was possible when the company increased stock sales to finance the purchase of Bitcoin of $ 742.4 million. Strategy aims to increase a total of 42 billion dollars of capital increase within the scope of the “21/21 Plan”. However, in the fourth quarter of 2024, the company announced a net loss of 670.8 million dollars and its operational expenses increased by 693 %to $ 1.1 billion.
Although the new accounting standards of the FASB, which will enter into force in January 2025, will provide an increase of $ 12.75 billion in the company’s balance sheet, uncertainties on tax regulations and market valuation premiums continue.
The President of the North Carolina House of Representatives presented the law to invest in the state’s Bitcoin ETPs.
Northern Carolina was the last US state that brought public funds to invest in “qualified” digital assets. The “NC Digital Asset Investments Law” (HB 92) was presented by Destin Hall, the President of the House of Representatives, and foresees that the state treasury will include digital assets in the investment portfolio.
However, digital assets, which are only traded on the stock exchange and have a market value of at least $ 750 billion in the last 12 months, will be suitable for investment. For now, only Bitcoin meets these criteria. In addition, the investments of any government fund will not overcome 10 %of the total balance of the fund. Hall said that this arrangement will bring North Carolina to the leading position in the field of technology and innovation while providing this arrangement to investment funds of the state.
The supporters of the bill states that they look hot in crypto investments due to inflation, depreciation of the dollar and providing additional return to pension funds. While law proposals for crypto investments in the USA were rapidly increasing, 19 states were presented, Arizona and Utah made progress, while North Dakota rejected such arrangements.
XRP, Solana, Dogecoin and Litecoin ETFs are likely to be approved.
Bloomberg ETF Analysts James Seyffart and Eric Balchunas, XRP, Solana, Dogecoin and Litecoin -based stock exchange (ETF) said that the probability of getting approval. According to analysts, Litecoin ETFs applied by Canary Capital and Grayscale have the highest approval with 90 %. This rate was 75 %for Dogecoin ETFs, 70 %for Solana and 65 %for XRP.
After Donald Trump became US president, the government’s starting to pursue crypto -friendly policies increased the likelihood of new crypto ETFs. In January, SEC has created a new crypto task force under the leadership of Hester Peirce, which is expected to create a clearer framework for the regulation of digital assets. However, analysts say it would be difficult to approve the XRP ETF before the Ripple-SEC case is concluded.
Crypto
Bitcoin fell below $ 100,000 again
Bitcoin is traded at $ 97,714 at the Ethereum $ 2,741. The total value of the crypto currency market is 3.16 trillion dollars. Bitcoin’s market value of $ 1,93 trillion, Ethereum’s market value is $ 330 billion.

Bitcoin is traded at $ 97,714 at the Ethereum $ 2,741. The total value of the crypto currency market is 3.16 trillion dollars. Bitcoin’s market value of $ 1,93 trillion, Ethereum’s market value is $ 330 billion.
Bitcoin retreated to $ 96,000 after David Sacks’ press conference
The recovery in the Bitcoin and the crypto market after the panic due to the US customs tariffs at the weekend was short. In the following part of the US trading hours BitcoinAfter rising to $ 101,000, it fell rapidly and fell to $ 96,900.
In the Altcoin market, there were more harsh losses; Solana (left), XRP, Cardano (island) and Chainlink (LINK) dropped between 6 %and 10 %, while Ethereum (ETH) lost 5.3 %. The decline took place at a press conference organized by the White House’s crypto and artificial intelligence consultant David Sacks with the officials of the Senate and the House of Representatives. Contrary to the market expectation, strategic Bitcoin reserves were not mentioned at the meeting and the meeting was mainly regulated.
Bitcoin is expected to test the levels of $ 92,000 again, while the US employment data to be announced on Friday can be decisive for crypto currencies. A weak data can support prices by increasing the expectations of the Fed’s interest rate reduction. However, it can put pressure on the crypto market by raising the possibility of a strong data interest rate hike.
US senator Hagerty presented the ‘Genius’ Stablecoin bill.
US senator Bill Hagerty, TETHER (USDT) and USD Coin (USDC), such as fixed crypto currencies (stablecoin) under the regulations of the US Federal Reserve offered a bill. The Republican Senator of Tennessee said that this law would “encourage innovation by creating a regulatory framework for safe and growth” and President Donald Trump will support the US goal of “making crypton’s capital”.
The so -called GenIUS (Guiding and Establishing National Innovation for Us Stablecoins) is also supported by Senators Tim Scott, Kirsten Gillibrand and Cynthia Lummis. According to the bill, Stablecoin exporters, which are over 10 billion dollars, will be subject to the regulations of the Federal Reserve, and exporters under this threshold will be inspected at the state level.
Stablecoin providers will have to provide audit reports every month and criminal sanctions can be applied if wrong information is provided. David Sacks, responsible for artificial intelligence and crypto policies of the White House, said that the passing of the Stablecoin law will reinforce the global leadership of the US dollar and create trillion dollars of dollars for US treasury bonds.
SEC reduces the crypto application unit
The US Securities and Stock Exchange Commission (SEC) began to shrink the crypto application unit of 50 people. According to The New York Times, some lawyers were directed to different departments, while a senior lawyer was taken from the sanction department. This development came immediately after the SEC commissioner Hester Peirce announced his new approach to the crypto market.
Peirce, SEC has applied harsh sanctions in the past, but in the future, some token supplys can be provided retrospective exemptions, he said. Recent changes are considered as part of a change of leadership that accelerates with the Trump administration in the SEC.
In January, Gary Gensler and Sanction Department Director Gurbir Grewal left his duties, while Sanjay Wadhwa, who replaced Grewal, resigned soon. This increased speculation that SEC could have a softer attitude towards crypto.
Crypto
Bitcoin increased over 105,000 dollars in the morning
Bitcoin is traded at $ 105,183 at the Ethereum $ 3,192. The total value of the crypto currency market is 3.5 trillion dollars. Bitcoin’s market value of $ 2.08 trillion, Ethereum’s market value is $ 384 billion.

Bitcoin is traded at $ 105,183 at the Ethereum $ 3,192. The total value of the crypto currency market is 3.5 trillion dollars. Bitcoin’s market value of $ 2.08 trillion, Ethereum’s market value is $ 384 billion.
Fed kept interest rates stable due to ‘high inflation’
The US Federal Reserve (FED) kept interest rates fixed by 4.25 %to 4.50 %in parallel with expectations. In the FOMC statement, it was emphasized that economic growth is strong, the unemployment rate remained stable at low levels and inflation is still high. The Fed said it would shape future interest policies by closely monitoring economic data.
Bitcoin increased by 0.5 %after this decision, but large subcoins such as Ethereum and Solana lost about 1 %. The total crypto market value decreased by 2 %. Bitcoin is on a critical threshold for market health, holding above $ 100,000. Experts predict that two or more interest rate cuts during the year can help Bitcoin exceed $ 110,000 and test $ 125,000-150,000. According to Standard Chartered analysts, Bitcoin can reach $ 200,000 by the end of the year and Ethereum can reach 10,000 dollars with the influence of corporate investors.
The SEC was one step closer to the decision of Canary Litecoin ETF and demanded the public opinion of the public.
SEC began to receive public opinion about the application of Canary Litecoin ETF. On January 16, Nasdaq presented the 19b-4 form for Spot Litecoin ETF, and SEC announced that he would accept comments within 21 days after the release of the Federal Record. Bloomberg analyst Eric Balchunas said that this application is the most advanced stage of the Altcoin ETF process.
Unlike the previous President Gary Gensler’s anti -crypto attitude, the new leadership of the SEC is a more moderate approach. In 2024, SEC approved Bitcoin and Ethereum ETFs. Now, altcoin -based ETFs such as Solana and XRP, and even the leveraged ETFs for Melania Trump’s name of Trump and Melania Trump are on the agenda. Analysts say that it is unclear whether SEC will quickly confirm the Litecoin ETF application or to expect a full 240 -day process.
The Deputy Governor of Texas announced the ‘Bitcoin Reserve’ as a priority bill for 2025
Deputy Governor of Texas Dan Patrick announced the 2025 legislative priorities, including the proposal to form the state of the state. In Texas, at least five states such as Arizona and Utah participated in the US states in the US, where they are working to create crypto reserves. State Senator Charles Schwertner, on January 16, said that a Texas Bitcoin reserve will make the state the pioneer of the digital economy and secure economic freedom.
In December 2024, Giovanni Capriglione, a member of the House of Representatives, presented a similar bill. The proposal foresees the payment of taxes and fees with Bitcoin and the use of these revenues in the creation of the reserve.
Tesla, using the new accounting rule reportedly reported Bitcoin earnings of $ 600 million in the 4th quarter.
TeslaIn the fourth quarter of 2024, he made a profit of $ 600 million from BTC assets. This gain was made thanks to the new accounting rules that allowed companies to register their crypto assets through market values to their balance sheet books. According to Tesla’s report, the company’s BTC assets exceeded $ 1 billion, while the total BTC reserve reached 9,720 BTC levels.
The new Financial Accounting Standards Board (FASB) rules allow companies’ digital assets to reflect their market value directly to their balance sheets. Previously, the balance sheet was damaged when the value of crypto assets fell, but value increases could not be reflected until the sale took place. With this amendment, Tesla reported GAAP revenue of 2.3 billion dollars in the fourth quarter.
However, the total income of the company remained below Wall Street forecasts with $ 25.71 billion. In addition, the expectation of earnings per share was $ 0.76, while Tesla announced $ 0.73.
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