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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

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Crow-Armstrong stays hot vs. hometown Dodgers

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Crow-Armstrong stays hot vs. hometown Dodgers

CHICAGO — Most players are happy to be done facing the Los Angeles Dodgers, but Chicago Cubs center fielder Pete Crow-Armstrong might not be one of them.

The Los Angeles native has torched his childhood team this season, including Wednesday night at Wrigley Field when he went 3-for-4 with a home run, two stolen bases and a career-high four RBIs, helping the Cubs to a 7-6 win. It came one night after Chicago beat L.A. 11-10, with Crow-Armstrong contributing another home run.

He was asked Wednesday whether his production has special meaning coming against the team he used to root for.

“Absolutely,” he said. “I mean, they are regarded as the best, and I think we’ve enjoyed being able to show that we’re right there with them, and yeah, it’s always a little extra special for me getting to do it against the team I grew up going to see.”

Crow-Armstrong erased a 2-0 Cubs deficit with an opposite-field, three-run homer in the fourth inning, then added a run-scoring single an inning later, which turned out to be the final run of the night for the Cubs.

Overall, he had four home runs and nine RBIs in the seven-game season series against the Dodgers, which the Cubs won 4-3 after losing the first two games in Japan in mid-March. But that was before the Cubs’ offense took off. They’re averaging an MLB-high 6.3 runs per game.

Crow-Armstrong’s season took off as well, starting over a week ago when the teams met in Los Angeles. In the 10 games since, the 23-year-old is hitting .400 with five home runs.

“He needs to send me a bottle of wine or some golf balls with all the success he’s had,” Dodgers manager Dave Roberts quipped before Wednesday’s game.

Roberts and Crow-Armstrong exchanged pleasantries before the first game of the series, as the second-year player is friends with Roberts’ son, Cole. The two played against each other growing up.

“I got a couple different connections to Doc,” Crow-Armstrong said. “He’s so great.”

That’s the same word Crow-Armstrong’s teammates are using about him as he continues to impress both at the plate and in the field. According to ESPN Research, he’s the fastest player in Cubs history to reach five home runs and 10 stolen bases, doing it in 26 games.

Plus, his pitchers love seeing him patrol center field.

“Defensively, I got to say he’s probably the best,” Wednesday’s starter, Matthew Boyd, said. “And what he’s doing at the plate is no surprise.”

Crow-Armstrong showed signs of breaking out late last year but then struggled early this season before locking in during the Cubs’ most recent road trip. He said he got “on-time” with his swing while learning how to deal with failure better. He was asked how satisfied he is with his game right now.

“If it comes out in a win, it’s very satisfactory,” he said. “It makes me feel very content. I love being able to impact it in any way I can.”

So does his manager, who called Wednesday a “wonderful game” for Crow-Armstrong.

“He made his presence felt in a big way for sure,” Craig Counsell said.

Crow-Armstrong is quickly becoming a fan favorite, as the Cubs faithful are taking to his aggressive style of play. He was asked what it’s like to hear his name chanted when he comes to the plate after producing in previous at-bats.

“I’ve tried to tune that out,” he said with a laugh. “I was actually thinking about it yesterday and I was like, I got to be 0-for-20 when they’ve chanted my name. But they continue to chant and they get behind every one of us and it’s the coolest thing.”

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Dodgers’ Snell to pause throwing after discomfort

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Dodgers' Snell to pause throwing after discomfort

CHICAGO — Los Angeles Dodgers starter Blake Snell will back off his throwing program as he continues to recover from left shoulder inflammation, according to manager Dave Roberts.

“As he was playing catch, he just didn’t feel great,” Roberts said Wednesday afternoon before the Dodgers played the Chicago Cubs. “Right now, we’re going to slow play the throwing. Will probably get it looked at again when we get back home.”

Snell, 32, has been on the injured list since early April after making just two starts for the Dodgers. He signed a five-year, $182 million contract this past offseason.

Snell, who was set to throw a bullpen session Wednesday, felt discomfort in the shoulder while playing catch Tuesday. Roberts was asked how concerning the latest setback was.

“I wouldn’t say concerning because part of the messaging from us to Blake is, it’s about later on in the season and if there’s any type of discomfort, let’s not try to fight through it,” Roberts responded.

Snell is one of several Dodgers pitchers on the mend, including left-hander Clayton Kershaw, who pitched three innings in a minor league start Tuesday, his second rehab outing this spring.

“Velocity was good,” Roberts said. “Got into the fourth inning. He’ll make a start next week. Really positive stuff.”

The Dodgers also received positive news about right-hander Tyler Glasnow after he left his last start with leg cramps. His latest bullpen session went well, according to Roberts.

Meanwhile, Shohei Ohtani is throwing again after missing time on the paternity list. He’ll have another bullpen session Saturday as he recovers from elbow surgery, though the team still doesn’t have a timetable for his return to major league action.

The team was also without catcher Will Smith on Wednesday after he injured his wrist on a play at the plate in Tuesday’s loss to the Cubs.

“As he made the tag, his [left] wrist turned in and so there’s some residual soreness,” Roberts said.

Smith could get imaging done when the team returns to Los Angeles, but Roberts wasn’t overly concerned about the injury.

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Rangers’ Seager goes on IL with hamstring strain

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Rangers' Seager goes on IL with hamstring strain

WEST SACRAMENTO, Calif. — The Texas Rangers placed shortstop Corey Seager on the 10-day injured list Wednesday because of a strained right hamstring.

Seager, 30, pulled up while running to first base in the sixth inning Tuesday at the Athletics and left the game. He started 21 of Texas’ first 23 games this season and is hitting .286 with four home runs and six RBIs. Seager has a team-high 17 hits since April 8.

The Rangers also called up infielder Nick Ahmed and designated left-handed pitcher Walter Pennington for assignment. Ahmed, 35, is seeking to appear in a major league game for the 12th consecutive season. He has played for Arizona (2014-23), San Francisco (2024), the Los Angeles Dodgers (2024) and San Diego (2024).

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