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cointelegraph.com Mar 25, 2025 11:44

BlackRock launches Bitcoin ETP in Europe - BlackRock, the world’s largest asset manager, launched a Bitcoin exchange-traded product (ETP) on multiple European stock exchanges.The iShares Bitcoin ETP began trading on March 25 on Xetra, Euronext Amsterdam and Euronext Paris, according to BlackRock’s product page. The launch follows the success of its iShares Bitcoin Trust exchange-traded fund (ETF), which dominates the US market with $50.7 billion of assets under management, accounting for about 2.73% of the total Bitcoin (BTC) supply.Stephen Wundke, director of strategy and revenue at crypto investment firm Algoz, told Cointelegraph that “the availability of the iShares Bitcoin ETP may not have the same reaction across Europe” as it saw in the US:“Quality investment products through regulated asset managers have been more available throughout Europe than in the US, and secondly, Bitcoin is also more easily purchased. […] However, the ability for traditional family offices across Europe to hold a small percentage of their asset base in ‘digital gold’ is no doubt a good thing. […] Just don’t expect $60 billion of purchases in the first quarter.”Product details and fee structureThe new ETP trades under the IB1T ticker on Xetra and Euronext Paris, while on Euronext Amsterdam it uses BTCN. Bloomberg previously reported that the company was preparing to launch the new product, which followed the firm’s launch of a Bitcoin ETF on CBOE Canada.BlackRock iShares Bitcoin ETP specifics. Source: BlackRockAccording to Bloomberg, the product launched with a temporary fee waiver of 10 basis points, which decreases the expense ratio to 0.15% until the end of 2025. Europe’s top crypto ETP is the CoinShares Physical Bitcoin ETP, which currently charges 0.25%, making BlackRock’s offering considerably cheaper while the waiver is in place.“There is no doubt BlackRock’s aggressive fee structure was designed to keep competitors out of the market and question the commitment of any new entrants,” Wundke said.Wundke added that “this type of competition is good for investors and ultimately good for digital currencies,” highlighting that players in the market will have to compete to provide the best offering to investors.Related: ‘Successful’ ETH ETF less perfect without staking — BlackRockiShares expanding to EuropeThis is BlackRock’s first issuance of a crypto ETP outside of North America. Manuela Sperandeo, BlackRock’s head of Europe and Middle East iShares Product, told Bloomberg:“[This launch] reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold.”Related: Bitcoin ETFs log first net inflows in weeks, while Ether outflows continueAjay Dhingra, head of research at decentralized exchange aggregator Unizen, told Cointelegraph that the move reflects BlackRock’s confidence in the European Union’s Markets in Crypto-Assets Regulation framework:“From Trump to Biden and now Trump again, US digital asset policy has been largely inconsistent. In contrast, the EU has steadily embraced compliant blockchain adoption — offering the regulatory stability companies are looking for.”A recent BlackRock earnings report showed that the firm managed over $11.55 trillion on average during the fourth quarter of 2024. Other than the top Bitcoin ETF, the firm also launched its Grayscale Ethereum Trust ETF — the top Ether (ETH) ETF, with $3.46 billion in assets under management.Magazine: EU politician reveals her conversion to crypto — Eva Kaili

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cointelegraph.com Mar 25, 2025 10:22

Bitcoin flips macro bullish amid first Hash Ribbon buy signal in 8 months - Bitcoin (BTC) traders are celebrating as one of the best-known BTC price metrics finally flips bullish again.The popular Hash Ribbon tool, created by quantitative Bitcoin and digital asset fund Capriole Investments, has printed its first buy signal in a “macro bullish” event.Hash Ribbon sparks $100,000 Q2 BTC price targetBitcoin miners look set to make a comeback as the Hash Ribbon metric marks the end of their latest “capitulation” phase.The Hash Ribbon effectively tracks potential long-term buy opportunities using hash rate — when miner profitability is at risk and network participants retire, this traditionally forms the capitulation which in turn leads to long-term price reversals.These are monitored using two moving averages of hash rate: the 30-day and 60-day. Capitulations correspond to the former crossing below the latter, while the reverse is true for buy signals.According to data from Cointelegraph Markets Pro and TradingView, the Hash Ribbon put in its latest buy signal on March 24. It is visible on both daily and weekly timeframes.“This is macro Bullish,” popular trader Titan of Crypto wrote in part of a response on X.BTC/USD 1-week chart with Hash Ribbon data. Source: Cointelegraph/TradingViewThe previous Hash Ribbon buy signal came in July 2024. At the time, BTC/USD had yet to bottom out, and it took several months before a wave of upside began.A similar scenario played out after the buy signal before that printed in August 2023.Despite this, optimism over the latest development is already tangible after much of Q1 2025 was marred by disappointing BTC price action.“One of the most accurate mid-term indicator is bullish now,” fellow trader Robert Mercer added.“Expecting $BTC to go back above $100,000 in Q2 of 2025!”Bitcoin ends “multimonth RSI downtrend”As Cointelegraph reported, Bitcoin has already begun to tease bullish market turnarounds as March comes to a close.Related: Bitcoin must reclaim this key 2025 level to avoid new lows — ResearchChief among them is the relative strength index (RSI) indicator, which like the Hash Ribbon is in the process of returning to form after months of suppression.On weekly timeframes, RSI has confirmed a bullish divergence for the first time since September, while the daily chart is showing a support retest after breaking through a downward trend line in place since November.“The multi-month RSI Downtrend is over,” popular trader and analyst Rekt Capital confirmed to X followers this week.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XThis 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 25, 2025 08:27

Why is Dogecoin (DOGE) price up today? - Dogecoin (DOGE) price has jumped by approximately 7% in the last 24 hours to reach $0.181 on March 25. The memecoin was trading for $0.189 at its intraday top, its highest level in almost two weeks.DOGE/USD four-hour price chart. Source: TradingView Key factors driving the DOGE prices higher today include:A DOGE reserve initiative undertaken by the Dogecoin FoundationRisk appetitive recovery on easing trade war fears.A classic flag pattern on the DOGE price chart.Dogecoin Foundation buys 10 million DOGEDOGE’s ongoing price rise coincides with the launch of the Official Dogecoin Reserve, a move designed to stabilize the memecoin and boost institutional confidence.Key points:On March 24, the Dogecoin Foundation revealed the creation of the “Official Dogecoin Reserve” aimed at supporting DOGE’s long-term price stability and credibility.As part of the initiative, the foundation has purchased 10 million DOGE worth around $1.80 million.The Foundation’s strategic DOGE purchase occurs at a time when traders are closely watching signs of institutional entry into the memecoin sector, particularly with the potential launch of spot Dogecoin ETFs in the US.Source: @CryptoWizarddAs of March 25, crypto betting platform Polymarket was showing 72% odds in favor of a Dogecoin ETF launch by the year’s end, up from 27% on Jan. 1.Altcoins are outperforming Bitcoin amid risk rallyDogecoin’s gains today appear alongside a broader altcoin market rally led by easing trade war tensions.Key takeaways:The altcoin market capitalization (TOTAL2) has climbed 1.60% in the past 24 hours to reach 1.08 trillion on March 25.Bitcoin and TOTAL2 market capitalization performance in the last five days. Source: TradingViewMeanwhile, Bitcoin’s market cap has declined 0.61% in the same period.It shows that traders are rotating capital from Bitcoin into altcoins like Dogecoin.The divergence appears amid signs of easing trade war tensions.On March 24, US President Donald Trump signaled twice that trading partners would receive possible exemptions or reductions.Investors embraced higher-risk assets amid improving macro sentiment, favoring riskier altcoins over safer bets like Bitcoin.Memecoins often attract retail-driven hype during altcoin rallies, as shown below via the performance of top-ranking joke cryptocurrencies on a 24-hour adjusted timeframe.Top memecoin performance on March 25, 2025. Source: CoinMarketCapThe combination of macro optimism and DOGE-specific news boosted upside sentiment in the Dogecoin market.Related: Dogecoin millionaires are buying dips as DOGE price eyes 30% rallyRelatively higher speculation is also visible in the Dogecoin Futures market, wherein DOGE open interest (OI) and funding rates are climbing.What to know: As of March 25, DOGE’s OI in the futures market was around $1.80 billion, up from the March 11 low of $1.33 billion, the lowest in four months at the time.Dogecoin OI, funding rates. Source: CoinglassDOGE’s weekly funding rates at the same time have climbed to 0.157% from negative levels on March 21.Rising DOGE open interest and positive funding rates indicate growing demand for leveraged long positions, reflecting bullish sentiment.Dogecoin is bouncing with a bear flag channelDogecoin’s price gains today appear to be a part of its prevailing bear flag pattern.Key takeaways:A bear flag pattern forms when the price consolidates higher inside a rising parallel channel after undergoing strong declines.As a technical rule, the pattern resolves when the price breaks below the lower trendline and falls by as much as the previous downtrend’s height.As of March 25, Dogecoin was consolidating inside the flag channel, with its recent bounce occurring after testing the lowest trendline as support.DOGE/USD daily price chart. Source: TradingViewHowever, its overall bias remains skewed to the downside, providing it breaks below the flag’s lower trendline next.Should it happen, DOGE price can decline toward the technical downside target at around $0.117—down approximately 35% from the current price levels—by April.Conversely, a breakout above the flag’s upper trendline will likely invalidate the bearish setup, sending DOGE’s price toward the 50-day EMA (the red wave near $0.214) instead. This 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.

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