After falling below $90,000, Bitcoin faced selling pressure, resulting in a nearly 14% drop. Find Elyfe's analysis to decipher the technical outlook for BTC.
Donald Trump's announcement on March 2 to include XRP in a U.S. strategic reserve alongside Solana and Cardano propelled the altcoin by +34% in 24 hours. A fleeting flash of glory: by the next day, the price retraced 50%, while on-chain data revealed a massive exit of institutional investors. Is crypto going through a classic pump and dump scenario amplified by politics, or does this pullback hide a discreet accumulation before a rebound?
The economic clash between the Global South and the United States is taking a new turn, with Brazil emerging as a key player in this monetary battle. By opposing the supremacy of the US dollar, the Latin American country is redefining global financial balances and questioning the traditional architecture of international trade. This decision is part of a process of dedollarization, which is gaining momentum within the BRICS and could deeply modify international economic circuits.
The largest hack in the history of crypto is experiencing alarming developments. In just 10 days, hackers have managed to launder all of the 1.4 billion dollars stolen from the Bybit platform. Despite this swift execution, blockchain security experts estimate that a portion of the funds could still be recovered.
The American stock market has just experienced a financial earthquake. In just a few hours, 3.4 trillion dollars evaporated, erasing the post-election gains in one fell swoop. A disastrous scenario that plunges Wall Street into an unprecedented stupor. And in the crosshairs? Donald Trump, whose new tariffs have ignited the fuse of a crisis with global repercussions.
Oil markets have been caught off guard. While traders expected a delay in the increase of oil production by OPEC+, the cartel ultimately confirmed that it would return 2.2 million barrels per day to the market starting in April. This decision immediately triggered a brutal price reaction: Brent crude fell to $70.60, its lowest level in five months. This strategic choice, which comes after several successive delays, profoundly alters the balance of supply and demand in an already uncertain economic context.
The euphoria of the last few weeks has abruptly transformed into a debacle for crypto investors. In just 24 hours, over a billion dollars worth of positions were liquidated, taking with them the hopes of a prolonged market rebound. At the heart of this shock is a new wave of economic uncertainties, amplified by the United States' decision to impose 25% tariffs on Canada and Mexico. This announcement triggered a sudden drop in traditional markets, as well as a collapse of Bitcoin and major cryptocurrencies.
On March 6, 2025, Solana validators will vote on two major proposals aimed at modifying the network's economy and the reward system for stakers. These proposals, known as Solana Improvement Documents (SIMDs), are generating intense debate within the crypto community, particularly due to their impact on validator revenues, which are set to decrease dramatically.
On March 7th, the White House will host a historic summit bringing together the biggest names in the crypto industry. This event, orchestrated by David Sacks, could mark a decisive turning point for the future of cryptocurrencies in the United States.
Like a rising tide, Aave is reshaping its economy: buybacks, redistribution, protection... The fragile balance of decentralized finance wavers under this bold overhaul.