Bitcoin will become “more valuable than ever” after deflation stops covering “up the impact" on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano. Bitcoin investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano. “I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” Pompliano said during an interview with Fox Business on Thursday. “Can you still believe in what Bitcoin’s value proposition is, which is that it’s a finite-supply asset. If they print money, Bitcoin is going higher,” he said. “Bitcoin and gold are great long-term things,” he said. The US Consumer Price Index (CPI), a widely used measure of inflation, fell to 2.4% in January from 2.7% in December, according to the US Bureau of Labor Statistics. However, Mark Zandi, Moody’s chief economist, recently told CNBC that inflation “looks better on paper than in reality.” Read...
Ether holds $2,000, but may remain under pressure as traders watch corporate earnings, US government debt and growing global tensions. Key takeaways: Institutional demand for Ether is cooling as investors shift toward the safety of short-term US government bonds. High interest rates and rising ETH supply make the current staking yield less attractive for long-term holders. Read more
Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt said it was “unfortunate” that the issue of stablecoin yield has become a major point of contention between the crypto industry and banks, adding that crypto service providers sharing yield with customers does not threaten the banking industry’s business model or market share. He told Yahoo Finance: In the future, I don't think this is going to be an issue,” he continued, adding, “I think they're going to find opportunities to use these products and leverage them and offer new products to their customers and expand their businesses.” Read more
Traders say Ether’s declining open interest and futures funding rates could set the groundwork for a significant short squeeze on bearish leveraged positions and a rally to $2,500. Ether (ETH) traded back above $2,000 on Friday, and its gains extended after the US Consumer Price Index (CPI) print came in cooler than expected. The recovery put ETH/USD on track for its first bullish weekly candle close since mid-January, fueling speculation for a rally toward $2,500. Key takeaways: Read more
Bitcoin and several major altcoins are attempting a relief rally, signaling that the bulls are trying to form a higher low. Key points: Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508. Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers. Read more
Certain assets, like equity in a qualifying start-up company and physical property used for non-investment, were exempt from the 36% tax. The Netherlands’ House of Representatives advanced a legislative proposal on Thursday to introduce a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The legislation reached the 75-vote threshold required to advance, with 93 lawmakers voting in favor of it, according to the House tally. Under the proposal, savings accounts, cryptocurrencies, most equity investments and gains made from interest-bearing financial instruments are subject to the tax, whether or not the assets are sold. Read more
Bitcoin’s growing correlation with tech stocks challenges its digital gold narrative, as Ether treasuries, BlackRock and Polymarket make bold moves. Bitcoin (BTC) was once pitched as digital gold — a hedge against monetary instability and market turmoil. But recent price action tells a different story. As institutional participation has grown, particularly through exchange-traded funds and other traditional vehicles, Bitcoin has increasingly traded in lockstep with risk assets. The latest downturn in software stocks, fueled by renewed uncertainty around AI’s impact on the sector, has been mirrored in crypto markets, raising fresh questions about Bitcoin’s evolving identity. That changing dynamic sets the tone for this week’s Crypto Biz. New research from Grayscale examines Bitcoin’s growing correlation with growth equities, while one Ether (ETH) treasury company is doubling down despite multibillion-dollar paper losses. Elsewhere, BlackRock is expanding its tokenization push through a Uniswap integration, and...
Bitcoin rallies above $69,000 as retail traders apply pressure to short positions and aim to generate a lasting bullish trend change. Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February. Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend. Key takeaways: Read more