Connect with us

Published

on

Loading… Loading…

Major cryptocurrencies surged on Monday evening as Bitcoins price rally showed no signs of slowing down.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD +8.07%$68,681Ethereum ETH/USD +5.07%$3,659Dogecoin DOGE/USD +30.36%$0.19

What Happened: This led to BTC reaching a new all-time high market capitalization, reaching $1.33 trillion.

Bitcoins market capitalization has surged due to the inflow of funds into spot BTC exchange-traded funds (ETFs), the upcoming halving event, and growing investor interest in the cryptocurrency.

Bitcoins market cap has surged to an all-time high, spurring a surge in investor sentiment towards extreme greed, as indicated by the Crypto Fear & Greed index. On March 3, the level of greed peaked at 90, marking the highest point observed since Nov. 8, 2021.

BTC exceeded the $1.3 trillion market capitalization threshold and is swiftly approaching silvers market cap of $1.4 trillion.

In Mondays trading session, Bitcoin shorts experienced a squeezing effect, leading to the liquidation of approximately $250 million in leveraged bets, primarily shorts, as per CoinGlass data. Within the last 24 hours over 141,175 traders faced liquidation, resulting in a combined liquidation amount of $416.16 million. The most significant single liquidation order, amounting to $8.23 million in BTC-USDT value, occurred on Binance.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Shiba Inu SHIB/USD +107.66%$0.00004382eCash XEC/USD +82.61%$0.00007883BitTorrent BTT/USD +44.34%$0.000002019

The global cryptocurrency market cap now stands at $2.53 trillion, showing a 6.03% increase in the past 24 hours.

Stocks retreated on Monday, leading to the S&P 500 and Nasdaq Composite falling from their all-time highs, despite a surge in technology stocks associated with the artificial intelligence boom.

The S&P 500 slightly declined by 0.12% to 5,130.95, with the Nasdaq Composite slipping 0.41% to 16,207.51. Additionally, the Dow Jones Industrial Average concluded the session with a loss of 97.55 points, or 0.25%, finishing at 38,989.83.

This week, traders will eagerly seek hints about the future direction of interest rates from Federal Reserve Chair Jerome Powell. The highly anticipated monetary policy updates are slated for delivery to the House of Representatives on Wednesday and to the Senate on Thursday.

The ADP Employment Survey and January job openings data are set to be unveiled on Wednesday, offering additional clarity on the labor market. The manufacturing and nonfarm payrolls data for February are scheduled for release on Friday.

See More: Best Cryptocurrency ScannersLoading… Loading…

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe said that Bitcoin is reaching a new yearly high, with the price edging closer to $65,000.

"I think were close to peaking on the price action and are going to consolidate -> correction to lead later this month/beginning April. Great movements, nonetheless."

Gracy Chen, Managing Director at Biget, in a note seen by Benzinga said, Bitcoin continues to rally, with the current price broken $67,000. We just need about a $2,000 surge to break the all-time high of $69,000. From the recent data on Bitcoin investors, comparatively it seems theyre less sensitive to price and generally see the halving event as bullish."

She adds, "So, if Bitcoin ETF keeps seeing strong net inflows this week, chances are high that we will hit a new all-time high soon. This has proven the resilience of decentralized assets and the value of decentralized ecosystems. Based on our analysis, Bitcoin could potentially hit $120,000 to $140,000 in this bull market cycle.

On-chain analyst Willy Woo predicts that Bitcoin has the potential to surge to a minimum of $125,000 this year, given the allocation of relatively conservative amounts of capital by financial giants BlackRock and Fidelity. According to Woo, a mere 3% rotation of assets to Bitcoin by the clients of these two firms could propel BTC to the $2.5 trillion market cap level.

"BTC price will go past $125k minimum before the end of 2025 just from Blackrock and Fidelity clients if they rotate 3% exposure to #Bitcoin.

Another on-chain analyst Ali Martinez said that the TD Sequential indicator has displayed a sell signal for Bitcoin on the 4-hour chart. The TD Sequential indicator is a technical analysis tool used in cryptocurrency trading to identify potential price exhaustion and reversal points based on a sequence of numbers on a price chart. It comprises a series of count-down and count-up sequences that signal buy or sell opportunities when certain criteria are met.

"Since February 15, every time this indicator suggested selling, the price of $BTC dropped by 1.5% to 4.7%. This trend is something short-term traders should watch closely!"

Photo by CMP_NZ on Shutterstock

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter UsersLoading… Loading…

Continue Reading

Politics

How a chaotic 24 hours unfolded ahead of Trump and Zelenskyy’s crunch White House talks

Published

on

By

How a chaotic 24 hours unfolded ahead of Trump and Zelenskyy's crunch White House talks

If there’s one thing the past 24 hours has confirmed, it’s that it’s still Donald Trump’s world, and we’re all just living in it.

In the aftermath of the Alaska meeting, the US president’s deal-making skills came under question when he seemingly walked away empty-handed.

But it was clear he had retained his ability to catch everyone off guard, as a meeting between him and President Volodymyr Zelenskyy unexpectedly became a last-minute White House peace summit.

Please use Chrome browser for a more accessible video player

Ukraine faces biggest challenge yet ahead of White House talks

The invitation to European leaders drifted out, and within hours, the cast list had grown to include six more, as world leaders dropped everything to fit in with Mr Trump’s unpredictable timetable.

There were signs of disorganisation behind the scenes.

When the British Prime Minister’s spokesman was asked who the invite had come from – the White House or the Ukrainian president – they replied: “A bit of both.”

Please use Chrome browser for a more accessible video player

What happened when Zelenskyy last went to White House

Read more:
The land Ukraine could be told to give up
Key takeaways from Alaska summit

Meanwhile, the meeting of the coalition of the willing – a Starmer and Macron-led group of Ukraine’s European allies – had a nervous feel to it as members resolved to stand firm with Ukraine – even if it puts them at odds with the US.

At times, it sounded like they were trying to convince themselves they could do it.

And as all of this frantic diplomatic reaction played out, the man in the middle of it all headed to the golf course – calm at the centre of the diplomatic storm he created as his allies swirl around him.

Continue Reading

Politics

Sir Keir Starmer and his allies have no choice but to keep their Trump criticisms implicit

Published

on

By

Sir Keir Starmer and his allies have no choice but to keep their Trump criticisms implicit

Sir Keir Starmer is straining his diplomatic sinews to simultaneously praise Donald Trump’s efforts to end the war in Ukraine, while repeating calls for a completely different approach – one which ends the cosy bonhomie with Vladimir Putin, threatens the Russians with sanctions, and puts the Ukrainians back centre stage.

If that’s a message which feels like quite a stretch in writing, in person, during this morning’s call of international leaders, it must have been even more awkward.

Major shift as Trump backs peace deal over ceasefire; follow latest

Donald Trump‘s public dismissal of the Europeans’ previous calls for a ceasefire – after his tete-a-tete with Putin – has only highlighted divisions.

Of course, the prime minister and his European allies have no choice but to keep their criticism of the Alaskan summit implicit, not explicit.

Donald Trump and Vladimir Putin after their private meeting in Alaska. Pic: Reuters/ Kevin Lamarque
Image:
Donald Trump and Vladimir Putin after their private meeting in Alaska. Pic: Reuters/ Kevin Lamarque

Even as they attempt to ramp up their own military preparedness to help reinforce any future peace deal, they need President Trump to lead the way in trying to force President Putin to the negotiating table – and to back up any agreement with the threat of American firepower.

For Downing Street, President Trump’s new willingness to contribute to any future security guarantee is a significant step, which Starmer claims “will be crucial in deterring Putin from coming back for more”.

It’s a commitment the prime minister has been campaigning for for months, a caveat to all the grand plans drawn up by the so-called Coalition of the Willing.

While the details are still clearly very much to be confirmed, whatever comments made by Donald Trump about his openness to help police any peace in Ukraine have been loudly welcomed by all those present, a glimmer of progress from the diplomatic mess in Anchorage.

Please use Chrome browser for a more accessible video player

Trump-Putin meeting: Key takeaways

Read more
Analysis: Trump is the real loser
Analysis: Indicted war criminal treated like a king
Key takeaways from the Alaska summit

Of course, the promise of security guarantees only means anything if a peace deal is actually reached.

At the moment, as the European leaders’ bluntly put it in repeating Donald Trump’s words back to him: “There’s no deal until there’s a deal.”

Please use Chrome browser for a more accessible video player

Wallace: Putin ‘laughing all the way home’

Fears of Zelenskyy being painted as warmonger

There is clearly real concern in European capitals following the US president’s comments that the onus is now on Volodymyr Zelenskyy to ‘do a deal’, that the Ukrainians will come under growing pressure to make concessions to the Russians.

As former defence secretary Ben Wallace said: “Given that Donald Trump has failed to deliver a deal, his track record would show that Donald Trump then usually tries to seek to blame someone else. I’m worried that next week it could be President Zelenskyy who he will seek to blame.

“He’ll paint him as the warmonger, when in fact everybody knows it’s President Putin.”

The European leaders’ robust statements describing the “killing in Ukraine” and Russia’s “barbaric assault” are an attempt to try to counter that narrative, resetting the international response to Putin following the warmth of his welcome by President Trump – friendlier by far than that afforded to many of them, and infinitely more than the barracking President Zelenskyy received.

They’ll all be hoping to avoid a repeat of that on Monday.

Continue Reading

Politics

Thousands more Afghans affected by second data breach, ministers say

Published

on

By

Thousands more Afghans affected by second data breach, ministers say

Thousands more Afghan nationals may have been affected by another data breach, the government has said.

Up to 3,700 Afghans brought to the UK between January and March 2024 have potentially been impacted as names, passport details and information from the Afghan Relocations and Assistance Policy has been compromised again, this time by a breach on a third party supplier used by the Ministry of Defence (MoD).

This was not an attack directly on the government but a cyber security incident on a sub-contractor named Inflite – The Jet Centre – an MoD supplier that provides ground handling services for flights at London Stansted Airport.

Please use Chrome browser for a more accessible video player

July: UK spies exposed in Afghan data breach

The flights were used to bring Afghans to the UK, travel to routine military exercises, and official engagements. It was also used to fly British troops and government officials.

Those involved were informed of it on Friday afternoon by the MoD, marking the second time information about Afghan nationals relocated to the UK has been compromised.

It is understood former Tory ministers are also affected by the hack.

Earlier this year, it emerged that almost 7,000 Afghan nationals would have to be relocated to the UK following a massive data breach by the British military that successive governments tried to keep secret with a super-injunction.

Defence Secretary John Healey offered a “sincere apology” for the first data breach in a statement to the House of Commons, saying he was “deeply concerned about the lack of transparency” around the data breach, adding: “No government wishes to withhold information from the British public, from parliamentarians or the press in this manner.”

Please use Chrome browser for a more accessible video player

July: Afghan interpreter ‘betrayed’ by UK govt

The previous Conservative government set up a secret scheme in 2023 to relocate Afghan nationals impacted by the data breach, but who were not eligible for an existing programme to relocate and help people who had worked for the British government in Afghanistan.

The mistake exposed personal details of close to 20,000 individuals, endangering them and their families, with as many as 100,000 people impacted in total.

Read more from Sky News:
Data breach victims sent spam emails
Afghan data leak timeline
MoD urged to reveal details of nuclear incident

A government spokesperson said of Friday’s latest breach: “We were recently notified that a third-party sub-contractor to a supplier experienced a cyber security incident involving unauthorised access to a small number of its emails that contained basic personal information.

“We take data security extremely seriously and are going above and beyond our legal duties in informing all potentially affected individuals. The incident has not posed any threat to individuals’ safety, nor compromised any government systems.”

In a statement, Inflite – The Jet Centre confirmed the “data security incident” involving “unauthorised access to a limited number of company emails”.

“We have reported the incident to the Information Commissioner’s Office and have been actively working with the relevant UK cyber authorities, including the National Crime Agency and the National Cyber Security Centre, to support our investigation and response,” it said.

“We believe the scope of the incident was limited to email accounts only, however, as a precautionary measure, we have contacted our key stakeholders whose data may have been affected during the period of January to March 2024.”

Continue Reading

Trending