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TAO has emerged as the top gainer today, while the PI token from Pi Network continues its dramatic and unpredictable movement.

Bitcoin’s Price Movement

Bitcoin experienced renewed volatility over the past 24 hours. The price fell to around $65,500 before climbing to $68,500. However, the rally was short lived as the price was rejected again following new developments related to the conflict in the Middle East and ongoing fluctuations in oil prices.

Ethereum is once again testing the important $2,000 level, while mid cap altcoins such as HASH and STABLE have recorded notable declines.

Bitcoin’s Recent Journey

After falling from $67,000 to $63,000 on February 28 when attacks in the Middle East began, Bitcoin staged a strong recovery and surged to $74,000 last Wednesday. This marked a rapid gain of about $11,000 within a few days. Considering the uncertain global environment, such a sharp rise was widely expected to be followed by a correction.

In the days that followed, sellers regained control of the market and pushed Bitcoin down to around $68,000 by Friday and Saturday. Although the weekend showed less volatility compared to the previous one, Bitcoin still experienced some price swings on Sunday evening when traditional futures markets reopened.

After Israel carried out strikes on several Iranian oil facilities, oil prices surged this morning and reached a new multi year high of $120 per barrel. Reports later suggested that G7 countries might release 400 million barrels of oil into the market. This news pushed USOIL below $96,000 before it recovered to about $102 at the time of writing.

Amid these developments, Bitcoin dropped to $65,500, quickly rebounded to $68,500, and then settled around $67,500 within a few hours. Its market capitalization has returned to about $1.35 trillion, while its dominance over alternative cryptocurrencies stands at 56.5 percent according to CoinGecko.

Ethereum Tries to Reclaim $2,000

The largest altcoin rose to $2,200 last Wednesday but faced strong resistance and dropped to just above $1,900 a few days later. It has since recovered slightly and is once again attempting to break above $2,000, though the momentum behind the move appears weak.

BNB, SOL, HYPE, XMR, and LINK have recorded small daily gains. Meanwhile XRP, TRX, DOGE, ADA, and BCH are trading lower. Among the larger market cap altcoins, CC has suffered the biggest decline, while TAO has surged nearly 10 percent to reach $195.

The PI token from Pi Network continues to show strong volatility. After falling to $0.20 yesterday, it has climbed about 5 percent today to trade above $0.21.

Overall, the total cryptocurrency market capitalization has remained mostly stable and currently sits just under $2.4 trillion according to CoinGecko.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

New data from the on chain analytics platform Glassnode reveals that a large portion of XRP investors are currently holding the asset at a loss. According to the report published on March 8, around 36.8 billion XRP are now underwater. This represents close to 60 percent of the cryptocurrency’s circulating supply and equals approximately 50.8 billion dollars in unrealized losses.

The figures reflect the scale of the recent price decline as XRP trades near 1.34 dollars. The asset is currently more than 63 percent below its all time high of 3.65 dollars reached in July 2025.

Data Reveals Significant Unrealized Losses

The unrealized profit and loss indicator compares the current market price of an asset with the price at which each token last moved on the blockchain. Instead of simply counting how many coins are above or below the current market value, the metric evaluates the cost basis of every coin. Analysts frequently rely on this measurement to understand investor sentiment throughout different phases of market cycles.

XRP has shown weak performance across several timeframes. The cryptocurrency declined by about 0.5 percent over the past week, fell 7.1 percent during the past month, and has dropped more than 42 percent over the past year.

Because of this extended downturn, most XRP holders are now sitting on paper losses totaling about 50.8 billion dollars. Such conditions can create selling pressure if prices begin to recover toward the levels where investors originally purchased their tokens.

Earlier attempts to push the price higher were rejected near the 1.45 dollar level. This rejection occurred during a week when United States based XRP exchange traded funds experienced net withdrawals. On March 6 alone, about 16.62 million dollars left these investment products, marking the largest daily outflow since late January.

Derivatives Trading Activity Increases

Despite the widespread unrealized losses among holders, derivatives trading activity has increased across several exchanges. Data from CoinGlass shows that XRP futures trading volume on BitMEX surged by more than 7000 percent to roughly 49 million dollars. The spike suggests that traders may be using greater leverage while waiting for a clearer market direction.

Meanwhile, Binance recorded around 733 million dollars in XRP futures trading volume within the past twenty four hours. Other platforms such as Bybit and OKX also reported substantial derivatives activity.

At the same time, some indicators suggest that spot market activity has slowed. Data shared by the analytics account Arab Chain shows that Binance’s thirty day volume Z Score is around negative 1.16, indicating that current daily trading volumes remain below the recent average.

Analysts Offer Mixed Outlook

Market commentary on the social platform X reflects divided opinions about XRP’s next move. Crypto analyst EGRAG Crypto noted that the asset often goes through cycles that include price declines followed by long periods of consolidation before a new expansion phase begins. The analyst described the current situation as a potential phase of time based capitulation, where investor sentiment resets during prolonged sideways movement.

Other analysts remain cautious about the short term outlook. Some forecasts suggest that XRP could fall below the one dollar level again, with one projection identifying a possible support zone near 0.90 dollars if the downward trend that began in mid 2025 continues.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Oil prices declined sharply after reports suggested that members of the Group of Seven may release up to 400 million barrels from their strategic reserves.

Global markets have experienced intense volatility over the past week as tensions continue in the conflict involving Iran, United States, and Israel. The military situation has triggered wider geopolitical and economic concerns, with several countries already facing the effects.

Earlier, crude oil prices had surged on Sunday evening and nearly reached 120 dollars per barrel. The sudden spike created strong volatility across financial markets, including stock futures and cryptocurrencies, both of which moved lower during the rally. However, new developments have begun to change market direction.

New Reports Push Oil Prices Lower

According to a report from the Financial Times, G7 nations are expected to discuss a coordinated release of oil reserves during an emergency meeting scheduled for Monday. Sources familiar with the situation indicated that the call was planned for about 13:30 CET and was initiated by France.

Following the news, oil prices in the United States dropped rapidly and fell to around 101 dollars per barrel within a few hours.

Market analysts from The Kobeissi Letter commented that United States oil prices were attempting one of the largest reversals seen in recent history. Prices moved closer to 100 dollars per barrel while remaining about 12 percent higher on the day, although more than half of the earlier gains had already disappeared.

Meanwhile, United States President Donald Trump addressed the spike in oil prices and suggested that the increase would be temporary. He said the surge should decline once concerns about Iran’s nuclear threat are resolved, adding that the short term rise in prices is a small cost compared with the broader goal of maintaining global security and stability.

Bitcoin Attempts a Price Recovery

The cryptocurrency market also reacted to the developments. After dropping to an intraday low near 65,600 dollars, Bitcoin began a modest recovery and was trading around 67,400 dollars. The digital asset briefly climbed toward 68,000 dollars, although buyers were unable to maintain the upward move.

Oil prices often influence broader financial markets, including cryptocurrencies. Because digital assets are typically viewed as higher risk investments, they tend to react negatively during periods of economic uncertainty and geopolitical tension.

At the time of writing, the total cryptocurrency market value stood at approximately 2.38 trillion dollars, reflecting a slight increase of about 0.2 percent over the previous twenty four hours, according to data from CoinGecko. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

A busy week is ahead for financial markets as investors closely watch oil prices and several important inflation reports scheduled on the United States economic calendar.

Cryptocurrency markets began Monday with declines as digital assets erased most of the gains recorded last week and moved back into a sideways trading range.

Oil prices are currently the only major asset moving upward, while cryptocurrencies, commodities, and United States stock futures all declined at the start of the week.

United States President Donald Trump stated that oil prices could fall quickly once concerns surrounding Iran’s nuclear program are resolved. He described the current surge as a small price to pay.

Key Economic Events from March 9 to 13

Crude oil prices surged to about 116 dollars per barrel as futures markets opened higher on Sunday evening. The sharp increase triggered strong volatility across global markets, with stock futures and cryptocurrency prices both moving lower.

According to the financial analysis platform The Kobeissi Letter, the situation could become one of the most memorable market events in recent decades. Oil prices jumped roughly 25 percent on a Sunday, United States stock market futures lost more than two trillion dollars in value, and about twenty million barrels of daily oil supply were reported offline without clear signs of easing tensions.

The week is expected to bring additional volatility. On Wednesday, the February consumer price index report will be released. This inflation indicator measures changes in consumer prices across the economy, and rising fuel costs may push the data higher.

Another important report will arrive on Friday with the personal consumption expenditures price index, which is the preferred inflation measure used by the Federal Reserve. The January data release was delayed and is expected to show that prices increased by about 0.4 percent compared with the previous month. If confirmed, it would match December’s pace and represent the second consecutive strong inflation reading.

The timing is important because the Federal Reserve is scheduled to hold its next interest rate decision meeting on March 18. Data from CME Group futures markets suggests there is about a 95.5 percent probability that interest rates will remain unchanged at that meeting.

Rising gasoline prices linked to tensions in the Middle East could also affect inflation expectations and consumer spending patterns, especially as broader financial markets show signs of selling pressure.

Outlook for the Cryptocurrency Market

Cryptocurrencies are generally considered high risk assets and tend to react quickly to geopolitical tensions. Over the weekend, the total cryptocurrency market value dropped by about forty billion dollars to around 2.36 trillion dollars.

Bitcoin faced resistance near the 68,000 dollar level on Sunday before falling below 66,000 dollars. The asset later recovered slightly during Asian trading hours on Monday morning but continues to trade within a narrow range and appears to be drifting toward the lower end of that channel.

Ethereum experienced a similar decline. The asset failed to reclaim the 2,000 dollar level over the weekend and was trading around 1,960 dollars at the time of reporting.

Most alternative cryptocurrencies showed little movement during the past twenty four hours, remaining largely flat as investors wait for clearer signals from the broader economic environment. #cryptonews#crypto https://t.me/coinsignalpublic https://coinsignals.net

Actor Terrence Howard has voiced strong skepticism about Bitcoin, saying he believes the cryptocurrency will eventually fail. The Hollywood star, known for roles in films such as Hustle & Flow, Iron Man, and Get Rich or Die Tryin’, recently shared his views during an appearance on the PBD Podcast hosted by Patrick Bet-David.

During the conversation, Howard said he has no interest in investing in Bitcoin and predicted that the digital asset will eventually collapse. His remarks place him among the many critics who have questioned the long term viability of the cryptocurrency.

Howard Predicts the End of Bitcoin

Warnings about the supposed collapse of Bitcoin have circulated since the network was launched more than seventeen years ago. While such claims have become less frequent in recent years, they still appear occasionally, especially when public figures outside the cryptocurrency industry share their opinions.

Howard is one of those figures. While discussing different investment opportunities on the podcast, he expressed a firm stance against the cryptocurrency.

According to him, Bitcoin will eventually die and he prefers not to get involved with it.

He also mentioned receiving a phone call from a friend who presented an investment opportunity that supposedly offered a return of seventy five thousand dollars if he invested twenty five million dollars. Howard did not explain what the opportunity involved or how it was connected to Bitcoin, and the cryptocurrency itself does not promise guaranteed returns of that kind.

Howard further argued that Bitcoin is connected to traditional fiat currencies and suggested that the declining value of the United States dollar and the uncertainty surrounding global conflicts make the asset unreliable. He also stated that people may hesitate to store wealth in something that could theoretically be erased quickly through technological means.

Examining the Claims

Some of the points raised in Howard’s comments have sparked debate. For instance, Bitcoin itself is not based on fiat currency. While its price is often measured in traditional currencies such as the United States dollar, one Bitcoin remains equal to one Bitcoin regardless of external pricing.

His remarks about the weakening dollar and global uncertainty were also unclear. It is possible he was referring to the recent decline in Bitcoin’s price. The asset has indeed fallen significantly from its all time high reached in October of the previous year.

Despite that drop, Bitcoin is still trading around levels that were previously considered historic peaks. When viewed over a longer time frame, the asset has delivered substantial returns for many investors. Market analysts also note that Bitcoin often moves through cyclical phases that include both bullish and bearish periods.

Another statement from Howard suggested that funds stored in Bitcoin could be wiped out instantly with the push of a button. Critics of this claim point out that the decentralized design of the Bitcoin network makes it extremely difficult for any single party to erase or shut down the system.

Bitcoin Has Been Declared Dead Many Times

Predictions about the demise of Bitcoin are far from new. Since its creation, the cryptocurrency has reportedly been declared dead hundreds of times.

Despite these repeated warnings, the network has continued to operate and grow. Institutional investors, exchange traded funds, corporations, and even some governments have shown increasing interest in the digital asset, contributing billions of dollars in investment over time.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

American Bitcoin (ABTC), a company linked to the Trump family, is expanding its Bitcoin mining activities by acquiring 11,298 new ASIC mining machines. The additional hardware is expected to increase the firm’s total mining capacity and strengthen its strategy of accumulating Bitcoin through its mining operations.

Capacity Expected to Grow by 12 Percent

In a press release dated March 3, ABTC announced that the new machines will contribute approximately 3.05 exahash per second of mining power to the company’s infrastructure. The equipment is scheduled to be deployed in March 2026 at the company’s mining facility in Drumheller, Alberta, Canada.

Each machine is projected to operate with an efficiency of about 13.5 joules per terahash. This is an improvement compared with the company’s current fleet, which averages around 16 joules per terahash.

Co founder Eric Trump stated that as Bitcoin continues to mature, the focus should be on expanding mining capacity that is owned and operated by American companies. According to him, strengthening domestic hashrate helps protect the network, encourages innovation, and supports the long term leadership of Bitcoin development in the United States.

After the purchase is completed, American Bitcoin’s total owned fleet will grow by about 12 percent to 89,242 miners. This fleet represents roughly 28.1 exahash per second of total mining capacity. The managed fleet includes every mining unit held by the company, including those that may not currently be active.

When the new machines are fully deployed, the company’s operational fleet will consist of 58,999 miners producing about 25.0 exahash per second. The average efficiency of the working machines is expected to be around 14.1 joules per terahash. By comparison, the largest publicly listed Bitcoin mining companies currently operate at roughly 50 exahash per second.

Focus on Accumulating Bitcoin

Matt Prusak, the president of American Bitcoin, explained that the company structures its decisions with the goal of maximizing its Bitcoin holdings.

The mining firm previously reported that it ended 2025 with 5,041 Bitcoin on its balance sheet. Since then, its reserves have increased to more than 6,000 Bitcoin, reflecting the company’s continued focus on building its cryptocurrency treasury through mining operations. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

A new report from CryptoQuant ranked cryptocurrency exchanges based on reserves, trading activity, and transparency. KuCoin achieved the highest proof of reserves transparency score with 96.7 out of 100.

KuCoin earned the top proof of reserves transparency rating among major cryptocurrency exchanges in CryptoQuant’s latest annual Exchange Leader report. The Seychelles based trading platform ranked ahead of several larger competitors in an area many traders consider essential for evaluating the financial health and solvency of exchanges.

Report Evaluates Exchanges by Reserves and Trading Activity

The report analyzed exchange performance throughout 2025 by examining trading volume, reserve disclosures, and derivatives market activity. According to the findings, KuCoin received the highest proof of reserves transparency score in the dataset with 96.7 out of 100.

This high rating reflects KuCoin’s monthly proof of reserves system that allows users to confirm their balances through Merkle tree verification tools. The exchange also publicly shares wallet addresses and receives independent attestations from the security firm Hacken.

CryptoQuant noted that KuCoin has published more than 39 consecutive monthly reserve reports. The most recent report was released on February 6, 2026, and the disclosed assets all showed reserve ratios above 100 percent.

Bybit ranked second in the transparency category with a score of 93.2. Its ranking is supported by regular proof of reserves disclosures and attestations from Hacken. Kraken also appeared in the top tier, though its quarterly reporting schedule slightly reduced its score compared with the monthly updates from KuCoin and Bybit.

Some larger exchanges scored lower in this category. Binance received a score of 75.2. The platform provides extensive wallet disclosures and tools for verifying user balances, but it does not conduct a complete independent audit covering its entire balance sheet.

Coinbase ranked significantly lower with a score of 44.3. This was mainly because the company does not publish detailed wallet address mappings or provide on chain verification tools for customer balances.

The transparency ranking represents just one element of CryptoQuant’s Exchange Leader Index. The index evaluates exchanges using six categories including trading volume, reserves, proof of reserves transparency, trading balance between markets, volume growth, and reserve growth. In the overall ranking for 2025, MEXC, Binance, and Bybit held the top three positions.

Derivatives Markets Lead Exchange Trading Activity

The report also reviewed trading behavior across major cryptocurrency exchanges and found that derivatives trading now dominates activity on most large platforms. Exchanges such as MEXC, Bybit, Bitget, Binance, Gate, and Coinbase generated between 70 percent and 90 percent of their total trading volume from perpetual futures contracts.

KuCoin stands out as one of the exchanges with a more balanced trading structure. CryptoQuant grouped it with HTX and Kraken because both spot trading and derivatives markets contribute substantial volumes rather than one category overwhelmingly dominating the other.

In terms of total trading volume, Binance remained the largest exchange in 2025, processing approximately 32.4 trillion dollars in trades during the year. Around 25 trillion dollars came from derivatives markets while roughly 7 trillion dollars originated from spot trading.

Growth patterns varied across the industry. Gate recorded the fastest expansion in derivatives trading, with perpetual futures volume rising by more than 400 percent compared with the previous year. Coinbase also achieved strong growth after completing its acquisition of Deribit and launching decentralized exchange trading based on Solana. During the same period, MEXC nearly doubled its spot trading volumes. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

A well known analyst recently commented that gold is not a serious competitor to Bitcoin when it comes to the speed of ETF adoption.

Gold has long been considered the preferred safe haven asset during periods of rising uncertainty. However, the metal recently experienced a notable wave of investor withdrawals. This became clear last week when the largest United States ETF that tracks gold recorded a major outflow.

At the same time, funds connected to Bitcoin finished the week with overall gains, even though Thursday and Friday ended with significant losses.

GLD Experiences One of Its Biggest Withdrawals in Years

The SPDR Gold Trust is the largest ETF focused on gold, managing more than 174 billion dollars in assets as of March. Its dominance in the market is evident because the second largest fund, the iShares Gold Trust, manages around 64 billion dollars, which is almost three times smaller.

According to data shared by the Kobeissi Letter, the SPDR Gold Trust saw a massive withdrawal of about 3 billion dollars on Wednesday. Analysts noted that this amount exceeded any previous large daily inflow over the past two years by more than 200 percent.

During the same period, the price of gold fell by 4.4 percent in a single day. This marked the biggest drop since January 30, when the metal declined by more than 11 percent.

Analysts explained that this development came after global gold ETFs attracted 5.3 billion dollars in February and 18.7 billion dollars in January. That performance marked the ninth consecutive month of inflows and the strongest two month start to a year ever recorded.

They concluded that many investors likely decided to secure profits following the metal’s historic rally.

Comparisons With Bitcoin

While the gold ETF experienced a large outflow on Wednesday, spot Bitcoin ETFs recorded their strongest day since February 25, bringing in net inflows of about 461.77 million dollars. Monday also saw inflows of 458.19 million dollars and Tuesday added another 225.15 million dollars.

However, the week ended negatively with net outflows of 227.83 million dollars on Thursday and 348.83 million dollars on Friday.

Despite those late losses, the overall weekly result remained positive. Bitcoin ETFs recorded total net inflows of about 568.45 million dollars. This marked the second consecutive week of positive flows after a difficult five week period in which more than 2 billion dollars was withdrawn.

Although these figures are smaller than the movement seen in the single gold fund, they still highlight the growing institutional interest in Bitcoin. Crypto Rover also shared a chart showing that Bitcoin ETFs have attracted stronger inflows during their early years compared to gold ETFs during the same stage of their development. #cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Bitcoin delivered another quiet and uncertain performance over the weekend as the asset briefly fell below 67,000 dollars earlier today for the first time since Tuesday.

Most alternative cryptocurrencies also recorded losses during the same period. Ethereum moved further away from the key 2,000 dollar level, while Cardano and Monero each declined by more than two percent. Zcash and Pi Network experienced the largest daily drops.

Bitcoin Battles to Stay Above 67,000

The previous weekend brought sharp volatility to the cryptocurrency market after military strikes by the United States and Israel targeted Iran. Bitcoin initially dropped from 67,000 dollars to about 63,000 dollars. It quickly recovered within the same day and climbed to around 68,000 dollars following reports that the Iranian Supreme Leader had been killed during the attacks.

The upward momentum continued through the middle of the week when Bitcoin reached 74,000 dollars, its highest price in about a month. However, sellers entered the market at that point and prevented further gains.

Instead of continuing higher, Bitcoin began to lose value. The largest decline occurred on Friday after a weaker than expected jobs report from the United States and fresh statements from Donald Trump regarding Iran and Cuba.

The asset slipped again on Sunday and briefly touched about 66,600 dollars, which marked its lowest level since Tuesday. It later recovered slightly and is currently trading close to one thousand dollars higher than that level.

At present, Bitcoin’s market capitalization stands near 1.35 trillion dollars. Its dominance over alternative cryptocurrencies is about 56.6 percent according to data from CoinGecko.

Pi Network Token Pulls Back

The native token of Pi Network recently stood out by rising against the broader market trend. It surged to a three month high above 0.23 dollars yesterday. However, the rally lost momentum at that level, and the token has since fallen sharply to around 0.20 dollars at the time of writing.

Zcash also recorded significant daily losses and is now trading below the 200 dollar mark.

Most other large capitalization cryptocurrencies are also trading lower, although their declines are more moderate. Ethereum has clearly fallen below the 2,000 dollar level after another small drop, while BNB has moved down to around 620 dollars. Solana, XRP, Cardano, Monero, and Chainlink have also posted losses today.

The overall cryptocurrency market capitalization has declined by about 30 billion dollars over the past day and now sits below 2.4 trillion dollars, according to data from CoinGecko.#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Bitcoin recorded gains this week and reached a one month high of 74,000 dollars as selling pressure across the crypto market began to ease. A report from the on chain analytics platform CryptoQuant explained that a reduction in selling activity combined with improving demand signals helped support the recent short term recovery.

One sign of this shift can be seen in the change in apparent spot demand for Bitcoin. According to the analytics firm, demand contraction was about negative 136,000 BTC at the start of 2026. That figure has since improved to roughly negative 25,000 BTC, suggesting that selling pressure in spot markets has weakened significantly.

Long Term Holders Reduce Selling Activity

Another important signal came from the Coinbase Premium Index, which measures the price difference between the exchange Coinbase and offshore trading platforms. The index recently turned positive, a development that is often viewed as a sign of stronger buying activity from investors based in the United States.

CryptoQuant also pointed out that many investors currently hold unrealized losses at levels similar to those observed in July 2022. During the past thirty days, long term Bitcoin holders significantly reduced their selling activity. Their total outflows declined to about 276,000 BTC, compared with roughly 904,000 BTC recorded in November.

This decline represents the lowest monthly outflow from long term holders since June 2025 and has helped reduce supply pressure in the market. When investors in this category slow down their selling, it often limits immediate downward pressure during uncertain market conditions.

Even with the recent recovery, analysts caution that Bitcoin could encounter resistance around the 79,000 dollar level if the current momentum continues. A stronger resistance level may appear near 90,000 dollars. This level reflects the broader realized price for active market participants and has previously capped price gains earlier this year.

Market Sentiment Remains Cautious

Despite the latest rise in price, overall market sentiment remains relatively weak based on data from CryptoQuant. The firm’s Bull Score Index currently sits close to 10 out of 100, indicating that strong bullish signals remain limited.

The analytics platform described the recent move as a relief rally rather than the start of a sustained upward trend. It warned that ongoing macroeconomic pressure and cautious investor sentiment could still slow further gains in the short term.

CryptoQuant also highlighted that global liquidity conditions and expectations surrounding interest rates continue to influence demand for digital assets. These broader economic factors may play a major role in determining whether the current recovery can continue in the months ahead.#cryptonews https://coinsignals.net https://t.me/coinsignalpublic