FomoScope - Crypto FOMO Detection & Analysis

news.bitcoin.com Mar 12, 2025, 02:30 AM

Michael Saylor to White House: Bitcoin Reserve Could Generate $81 Trillion for US - The Strategic Bitcoin Reserve could generate up to $81 trillion for the U.S. Treasury by 2045, offsetting national debt and securing economic dominance. Michael Saylor Calls on the US Government to Embrace Bitcoin for $81 Trillion Growth Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, outlined a […]

FOMO: 90%

cointelegraph.com Mar 12, 2025, 02:57 AM

Starknet to settle on Bitcoin and Ethereum to unify the chains - Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience.“Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network’s original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.It added that while some investors view Bitcoin as “digital gold,” it believes “there is a demand for utilizing Bitcoin for purposes beyond that.”Source: StarknetPreviously, StarkWare CEO Eli Ben Sasson, the company behind the STARK proof that contributes to the development of Starknet, said OP_CAT, a Satoshi-era opcode for unlocking programmability on Bitcoin that was disabled over security concerns, would allow Starknet to settle on the Bitcoin blockchain. If successful, Starknet said the move would allow developers to build applications on the Bitcoin network through smart contracts and enable applications such as staking, borrowing, lending, leveraged trading, and yield farming.As part of the announcement, StarkWare said it has joined the growing number of firms in creating a Bitcoin (BTC) reserve, holding a growing portion of its treasury in crypto.Source: Ameen SoleimaniStarknet will also team up with Bitcoin Web3 wallet Xverse, whose founder and CEO Ken Liao said the integration, slated for the second quarter of 2025, will achieve Bitcoin’s “DeFi take-off moment.”Xverse said wallets need to be more than just storage solutions; and allow easy access to Bitcoin’s growing utility. Liao said in a statement that the endgame is trustless DeFi on Bitcoin.Related: Unknown attacker causes headaches during Pectra upgrade on Sepolia“In today’s environment, there is a temptation for wallet teams to say, ‘yeah, let’s just focus on making it easier for people to use Bitcoin as a store of value,’” Liao said.“But the long-term future of Bitcoin also includes utility, and that’s why layer 2 solutions must reach the public via the wallets they actually use,” he added.Meanwhile, in a March 11 X space discussing Starknet’s plan, Ethereum co-founder Vitalik Buterin said a proper Bitcoin L2 that can satisfy the needed security properties would “make crypto payments great again, and all those use cases can work.”Starknet on Bitcoin and Ethereum https://t.co/tCyQDHY7Yr— StarkWare 🐺🐱 (@StarkWareLtd) March 11, 2025Buterin said there is a “lot of value” in enabling the trustless flow of assets between the Bitcoin and Ethereum ecosystems, such as easier paths for decentralized exchange.“If you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, layer 1 is not nearly scalable enough for that,” Buterin said.“I think we’ve also seen some of the limits of the Lightning Network and that kind of approach.“Magazine: MegaETH launch could save Ethereum… but at what cost?

FOMO: 90%

coinpedia.org Mar 12, 2025, 03:07 AM

Big Things Are Coming– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve? - The post Big Things Are Coming– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve? appeared first on Coinpedia Fintech News Robert Kiyosaki, author of Rich Dad Poor Dad, recently posted on X with a cryptic message saying, Big Things are coming, which has sparked growing...

BTC

FOMO: 90%

cointelegraph.com Mar 12, 2025, 06:01 AM

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K - Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.”Short-term holders fled as Bitcoin dropped from peakThe surge in buyers paying higher prices for Bitcoin (BTC) in recent months is reflected in the short-term holder realized price — the average purchase price for those holding Bitcoin for less than 155 days.In October, the short-term realized price was $62,000. At the time of publication, it’s $91,362 — up about 47% in five months, according to Bitbo data.Meanwhile, Bitcoin is trading at $81,930 at the time of publication, according to CoinMarketCap. This leaves the average short-term holder with an unrealized loss of roughly 10.6%.Bitcoin is down 5.90% over the past seven days. Source: CoinMarketCapGlassnode said that short-term holders’ realized price shows it is apparent that “market momentum and capital flows have turned negative, signaling a decline in demand strength.” “Investor uncertainty is affecting sentiment and confidence,” it added.Glassnode said that short-term holders are “deeply underwater” between $71,300 and $91,900 and warns that Bitcoin could bottom out as low as $70,000 if selling persists.“The probability of forming a temporary floor in this zone is meaningful, at least in the near term,” Glassnode said.Bitcoin short-term holders are “deeply underwater” between $71,300 and $91,900. Source: GlassnodeMarket research firm 10x Research labeled it a “textbook correction” in a March 10 note, adding that with Bitcoin’s dip below $80,000, “approximately 70% of all selling came from investors who bought within the last three months.”Related: Bitcoin slides another 3% — Is BTC price headed for $69K next?On the same day, BitMEX co-founder Arthur Hayes said that Bitcoin may retest the $78,000 price level and, if that fails, may head to $75,000 next.Glassnode explained that a similar sell-off Bitcoin pattern was seen in August when Bitcoin fell from $68,000 to around $49,000 amid fears of a recession, poor employment data in the United States, and sluggish growth among leading tech stocks.However, Bitcoin has spiked 7.5% over the past 24 hours as the US market steaded on March 11 after plunging a day earlier after US President Donald Trump refused to rule out that a recession was on the cards.Magazine:The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of FlameThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

coinpedia.org Mar 12, 2025, 05:05 AM

Metaplanet Acquires Another 162 BTC, Raises 2 Billion Yen to Fuel Bitcoin Strategy - The post Metaplanet Acquires Another 162 BTC, Raises 2 Billion Yen to Fuel Bitcoin Strategy appeared first on Coinpedia Fintech News Metaplanet Inc. is making waves with its latest Bitcoin acquisition, further solidifying its position in the digital asset space. As part of its ongoing Bitcoin...

BTC

FOMO: 90%

www.coindesk.com Mar 12, 2025, 07:17 AM

Bitcoin Sees Relief Run to $82K; SEC Delays XRP, DOGE, LTC ETF Filings - Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.

FOMO: 85%

@BTC_Archive Mar 12, 2025, 07:19 AM

The Kingdom of Bhutan builds gorgeous airport thanks to Bitcoin mining profits using hydro-electricity.

FOMO: 85%

cryptodnes.bg Mar 12, 2025, 06:00 AM

Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal - Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, anticipates a surge in Bitcoin and other digital assets as global liquidity expands. The post Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal appeared first on Cryptodnes EN.

BTC

FOMO: 90%

coinpedia.org Mar 12, 2025, 07:54 AM

Why Crypto Market Is Up Today: Bitcoin Hits $82K as Geopolitical Risks Ease - The post Why Crypto Market Is Up Today: Bitcoin Hits $82K as Geopolitical Risks Ease appeared first on Coinpedia Fintech News The crypto market is finally seeing relief after a tough start to the week, thanks to key political and economic changes. With the changing microeconomic trend, the...

FOMO: 90%

news.bitcoin.com Mar 12, 2025, 08:30 AM

Metaplanet Borrows $13.5 Million (¥2 Billion) to Buy More Bitcoin - Japanese hotel developer and bitcoin treasury firm Metaplanet is borrowing ¥2 billion or roughly $13.5 million to buy more bitcoin (BTC). The company posted the announcement via its X account on Tuesday evening. Metaplanet currently owns 2,888 BTC and recently implemented a strategy that will see it purchase 21,000 bitcoin by 2026. The firm also […]

FOMO: 85%

coinpedia.org Mar 12, 2025, 08:45 AM

Bitcoin Prediction For March 12 - The post Bitcoin Prediction For March 12 appeared first on Coinpedia Fintech News Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S....

FOMO: 85%

dailyhodl.com Mar 12, 2025, 09:15 AM

Whales and Sharks Snap Up $381,293,478 Worth of Bitcoin in Six Days Amid Trader Panic, According to Santiment - Large holders of Bitcoin (BTC) have accumulated BTC worth hundreds of millions of dollars over the past week amid the crypto selloff, according to analytics platform Santiment. Santiment says that since March 3rd, Bitcoin whales and sharks have collectively added 4,486 BTC to their holdings amid...

BTC

FOMO: 85%

cointelegraph.com Mar 12, 2025, 08:35 AM

Why is Bitcoin price up today? - Bitcoin (BTC) is up 5% over the past 24 hours, as the cryptocurrency rallied from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential moving average or 50W-EMA indicator (blue line) as support.Bitcoin 1-week chart. Source: Cointelegraph/TradingViewAs observed in the chart, Bitcoin’s price has maintained a position above this indicator since August 2023, which is a long-term bullish position. The 50 EMA level has been a support level for Bitcoin over the last 18 months. Previously, Bitcoin bounced off this trendline in September 2024 before continuing to new all-time highs.Bitcoin shows multiple bullish divergencesBefore its relief rally, Bitcoin’s low time frame (LTF) and high time frame (HTF) charts displayed bullish divergences between price and the relative strength index (RSI) indicator.Bullish divergences occur when the price and RSI move in opposite directions, with the price making a lower low and the RSI forming a higher low. Such technical setups indicate that underlying bullish momentum is improving to possibly reverse the dominant bearish trend.Bitcoin bullish divergences across the 15-min, 1-hour, 4-hour and 1-day charts. Source: Cointelegraph/TradingViewAs illustrated in the chart, bullish divergences appeared on the 15-minute, 1-hour, 4-hour, and 1-day charts, which improved the probability of a short-term rebound. Meanwhile, the RSI created a higher low on each chart after the indicator dropped below the 30 level, which is the oversold region. The oversold region hints at declining sell pressure, with buyers potentially stepping in to reverse the trend. A bullish divergence on the daily chart is also a rare event. Since 2020, BTC has exhibited a similar technical setup only six times (including the current one), signaling a bottom on each occasion. The last divergence took place between July and August 2024.Related: Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70KLikewise, Bitcoin’s recent sweep below its previous lows at $78,150 collected all the existing liquidity on the downside. This helped BTC price to rebound above the $80,000 mark. According to the liquidation heatmap, BTC has cleared downside liquidity, leaving over $250 million in leveraged positions on the upside, specifically between $85,000 and $87,000. Thus, Bitcoin might rally toward this range in the next few days.Bitcoin 1-week liquidation heatmap. Source: CoinGlassBitcoin inverse head and shoulder eyes $88KOn the 1-hour chart, Bitcoin’s price has formed an inverse head and shoulder over the past few days, hinting at confirmation if a candle closes above the neckline of $83,800.Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewBitcoin could retest a higher price range if it decisively breaks above the neckline. The pattern target suggests a 7% upswing from the neckline, pushing Bitcoin to $89,000. This target aligns with the Fibonacci retracement levels, namely the 0.50 and 0.618 Fibs. These levels are Bitcoin’s recent lower high of $96,450 and lower low of $76,560.Related: 4 signs that $76.7K Bitcoin is probably the ultimate lowHowever, the bullish pattern will undergo invalidation if the BTC value drops under $78,500. A drop below that level would invalidate the current higher-high bullish setup on the lower time frame.RektProof provided a similar insight, with the crypto analyst expecting the price to consolidate near overhead resistance between $86,000 and $88,000. However, due to a strong demand zone near $74,000 to $70,000, the trader expects the price to eventually drop and form new price lows in the coming days or weeks.Bitcoin short-term analysis by RektProof. Source: X.comThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%

cointelegraph.com Mar 12, 2025, 09:05 AM

Bitcoin whales hint at $80K market rebound as Binance inflows cool - Bitcoin (BTC) whales are back buying BTC while “panic” keeps smaller investors away, new research reports.Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling.Bitcoin whales reset market approachBitcoin at $80,000 is proving attractive for large-volume investors — or at least a poor-value selling proposition for those wishing to exit the market.In one of its “Quicktake” blog posts on March 12, CryptoQuant contributor Darkfost revealed that the proportion of the top ten largest inflows to Binance attributed to whales has fallen.“Monitoring whale behavior has consistently provided valuable insights into potential market movements,” he summarized. “Given that Binance handles the highest volumes, analyzing the Bitcoin exchange whale ratio on Binance provides a good insight into broader whale activity.”Bitcoin exchange whale ratio (Binance). Source: CryptoQuantThe exchange whale ratio has, in fact, exhibited a broad downtrend since mid-January when BTC/USD hit its latest all-time highs.“Currently, this ratio is declining, implying that Binances whales are reducing their selling pressure,” the post continues. “Historically, an increasing ratio has been associated with short-term price corrections or consolidation phases, while a decreasing ratio has often preceded bullish trends. If this trend of diminishing selling pressure continues, it could help end the current correction and potentially signal a market rebound.”As Cointelegraph reported, both whales and larger entities holding at least 10 BTC have begun to accumulate coins this month, albeit at modest rates.Prospective BTC buyers “hesitant” at $80,000Overall appetite for BTC exposure nonetheless remains suppressed.Related: Bitcoin gets March 25 blast-off date as US dollar hits 4-month lowIn the latest edition of its regular newsletter, “The Week Onchain,” analytics firm Glassnode pointed to lackluster demand at current prices.It referenced capital flows by short-term holders (STHs) — speculative entities holding coins for up to six months. Within this cohort, buyers holding between one week and one month now have a lower cost basis than those holding for between one and three months.“With Bitcoin prices dropping below $95k, this model also confirmed a transition into net capital outflows, as the 1w–1m cost basis fell below the 1m–3m cost basis,” researchers explained. “This reversal indicates that macro uncertainty has spooked demand, reducing new inflows and arguably increasing the probability of further sell pressure and a prolonged correction. This transition suggests that new buyers are now hesitant to absorb sell-side pressure, reinforcing the shift from post-ATH euphoria into a more cautious market environment.”Bitcoin STH capital inflows (screenshot). Source: GlassnodeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

cointelegraph.com Mar 12, 2025, 08:00 AM

Nigeria’s crypto future: Striking a balance between innovation and regulation - Opinion by: Mohammed Idris, Minister of Information of NigeriaNigeria has emerged as one of the most active and dynamic crypto markets in recent years. From bustling tech hubs in Lagos to grassroots communities in smaller cities, young Nigerians have turned to cryptocurrencies to address fundamental economic challenges, from hedging against inflation to accessing global markets in a way traditional finance often does not allow.As minister of information, I have seen firsthand how digital innovation has become crucial to the Nigerian story. Cryptocurrencies, blockchain technology and other digital assets are no longer on the fringes of our economy; they are fast becoming central to how our people transact, create and build.This rise in crypto adoption has not, however, come without challenges. Questions around regulation, consumer protection, security and misuse of digital assets have fueled debates in Nigeria and globally. I write to clarify Nigeria’s position: We are committed to fostering an inclusive digital asset ecosystem that is both innovative and responsible.Nigeria is a crypto hubAccording to several international reports, Nigeria consistently ranks among the top countries in terms of crypto adoption. Our population — over 200 million strong, with a median age under 20 — is naturally inclined toward new technologies. Crypto has become more than a speculative tool; it’s a lifeline for freelancers, small businesses and families receiving remittances.Yet despite the widespread use of cryptocurrencies, Nigeria has wrestled with how to regulate this sector effectively. Earlier approaches included restrictions on financial institutions from facilitating crypto transactions, which inadvertently pushed much of the activity underground, away from proper oversight.Nigeria moves toward robust regulationUnder the administration of President Bola Ahmed Tinubu, Nigeria is reassessing its approach. We are moving away from blanket restrictions toward thoughtful, balanced regulation that acknowledges both the risks and the transformative potential of crypto and blockchain technologies.Our objective is to create a regulatory framework that fosters innovation, ensures market integrity and protects Nigerian consumers. This involves active engagement with stakeholders from crypto startups and blockchain developers to international partners and regulatory bodies.Recent: Nigeria to tax cryptocurrency transactions for revenue boostNigeria’s stance is simple. We support innovation that benefits our people, but we will not allow misuse that harms them.We recognize the legitimate use cases for cryptocurrencies, including:Financial inclusion for the unbanked and underbanked.Cross-border payments and remittances that avoid high fees.Access to global markets for Nigerian entrepreneurs and freelancers.New digital economies, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), offer opportunities for wealth creation.At the same time, we are determined to address concerns around fraud, money laundering, terrorism financing and other illicit activities. Effective regulation, rather than prohibition, is the path forward.Nigeria and blockchainNigeria sees blockchain technology as more than just crypto trading. Blockchain can be a powerful governance, transparency and service delivery tool.Already, conversations are underway on how blockchain can improve public systems, such as:Land registries to reduce fraud and strengthen property rights.Identity management systems to enhance financial inclusion.Supply chain monitoring to improve food security and public procurement.A collaborative approach Nigeria is not navigating this journey alone. As we develop new policies and frameworks, we look to global best practices and seek collaboration with international platforms and regulators.We invite crypto companies, investors, innovators and advocates to engage with us. We aim to create a transparent and predictable environment where businesses can thrive while ensuring Nigerian citizens are protected from undue risks.Nigeria’s approach to crypto is evolving, and with good reason. The potential for digital assets and blockchain to contribute to economic growth, job creation and financial empowerment is too significant to ignore.To realize these benefits, we must build trust in the system through effective regulation, education and international cooperation.To the global crypto community, I say this: Nigeria is open to innovation, but we are equally committed to ensuring that such innovation operates within a secure, transparent and inclusive framework.We look forward to working together — for the benefit of Nigerians and the global advancement of responsible crypto adoption.Opinion by: Mohammed Idris, Minister of Information of Nigeria.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 90%