Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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iDEGEN hits public shelves with momentum as crypto prices crash

AI meme crypto market has grown to a market cap of $2.4 billion, and iDEGEN is set to take its rightful position on the table. After three months in the presale stage, it has hit the public shelves with the same viral momentum. 

Its early adopters are set to continue reaping big from the project as the uncensored AI agent revolutionizes the crypto space. In addition to the 300,000% gains already locked in, its value may surge by at least 10X in coming months. This is despite the selling pressure current felt across the crypto majors.

Ripple price chart pattern hints at further selling pressure in the short term

After trading steadily above the support zone of $2.5000 in the past one week, Ripple price has plunged by about 16% since Monday. Similar to other crypto majors, the altcoin is under pressure as extreme fear grips the broader market. 

A look at its daily chart points to the formation of a bearish death cross pattern as the short-term 25-day EMA crosses the 50-day EMA to the downside. In the near term, the range between $2.0000 and $2.3357 is worth watching. For a firm trend reversal, the bulls will need to gather enough momentum to rebreak the resistance at $2.5500.

XRP Price
XRP Price

iDEGEN debuts on Raydium with the same viral momentum

iDEGEN has hit the public shelves as promised; ending the three-month-long presale. It has debuted on Raydium, a Solana-based DEX and is set to also list on BitMart on 4th March.

What started on a blank slate ready to learn from the crypto degens on X has grown into an ultra-popular AI crypto with the potential to compete with other AI meme coins like AI16Z, Hamster Kombat, and Fartcoin. 

In three months, it has managed to raise $25 million. This has been made possible by its aggressive community, apt timing, and booming AI crypto market. If the presale is anything to go by, its viral momentum is set to yield growth of atleast 10X in the coming months. At its last stage price of $0.038, its early adopters are already enjoying returns of upto 300,000%. 

Bitcoin spot ETF records streak of outflows as tariff jitters persist

Bitcoin price

Concerns over the impact that Trump’s trade policies will have on the US economy have triggered a shift in the market sentiment. Compared to last week’s neutral level of 49, the crypto fear & greed index is now at an extreme fear level of 10. 

With the resultant plunge in Bitcoin price, Bitcoin spot ETFs have seen persistent outflows as its institutional demand falls. According to SoSoValue, Bitcoin spot ETFs recorded daily total outflows of $754.53 million on Wednesday. Notably, the trend has been on for 7 sessions in a row. 

On its daily chart, the bearish death cross pattern points to continued selling pressure in the short term. At its current level, the bulls will be keen on defending the support at $81,600. A subsequent correction may have it rebound past $85,000 to find resistance at $90,000. 

   

 

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Weekly price analysis: prices range on uncertain economic outlook

  • Crypto prices traded within a range last week as crypto takes is relegated to the back burner in the wake of economic uncertainties
  • Exchange-traded fund (ETF) inflows were negative as Bitcoin ETFs logged net outflows of $62.9 million while Ethereum ETFs logged $8.9 million in outflows

Bitcoin

Bitcoin’s price action continued trading rangebound, with weekly highs and lows of $99,509 and $93,331, as uncertainty looms around inflation, US President Donald Trump’s policies, and geopolitical events.

Zooming out, we see that price action has ranged at the daily support level for the last three weeks as current market conditions lack sufficient catalyst to push prices to new highs.

BTC/USD chart by TradingView

Open interest mimics price action as the week began with a reduction in the volume of open contracts which picked up on Wednesday, February 19, congruent with price action.

CME BTC Futures Open Interest (USD) chart by Coinglass

Outlook

Bitcoin must remain above the daily support of $90,673 to remain in bullish territory. A close below this level on the daily time frame could trigger a fall to the $84,000 level.

Meanwhile, market sentiment has cooled significantly over the last month and is in neutral territory.

Bitcoin trades at $87,900 as of publishing.

Ethereum

Ethereum’s price action ranged last week logging a weekly high and low of $2,848 and $2,604 despite last week’s news of the Bybit hack.

ETH/USD chart by TradingView

Zooming out, we see a bleaker picture as ETH has been trending lower since December 09 after failing to break above its March 2024 high.

ETH/USD chart by TradingView

Open interest data shows a steady rise in contract volume throughout the week though price traded rangebound.

Binance ETH Futures Open Interest (USD) chart by Coinglass

Outlook

We reckon the next major support zone for ETH is the $2,500 level which has proven to be a strong liquidity level in the past.

ETH/USD chart by TradingView

ETH trades at $2,384 as of publishing.

Solana

Like Ethereum, Solana’s price has been declining since it failed to swing higher and form new candles above the last all-time high on the daily time frame.

SOL/USD chart by TradingView

Unlike Ethereum, last week’s price action was bearish as the price fell from a weekly open around $194 to a close around $171.

SOL/USD chart by TradingView

Open interest charts show topsy-turvy movement in open contract volumes as the price falls.

Binance SOL Futures Open Interest (USD) chart by Coinglass

Outlook

The next major support zone for Solana is at the $129 level. However, we may see smaller rallies as price trends lower overall.

SOL/USD chart by TradingView

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Bitflow brings AI-powered DeFi to Stacks with Automated DCA for Bitcoin and Runes

  • Bitflow launches Automated Dollar-Cost Averaging (DCA) for Bitcoin and Runes investments on Stacks.
  • The AI-powered DCA enables trustless, recurring investments.
  • Future plans include adding yield strategies and cross-layer flows.

Bitflow, a decentralized exchange built on the Stacks ecosystem, has unveiled Automated Dollar-Cost Averaging (DCA), a groundbreaking feature that introduces AI-driven investment strategies to Bitcoin and its associated assets.

The automated DCA allows users to automate recurring purchases of Bitcoin (BTC), stablecoins, Stacks’ native STX token, sBTC, and popular Runes tokens like $DOG, all while retaining complete control over their funds.

Designed to simplify and enhance participation in the growing Bitcoin-native economy, Bitflow’s latest offering marks a significant milestone in decentralized finance (DeFi) on the Stacks Layer 2 network.

Simplifying Bitcoin DeFi investment with automation

At the heart of the Automated Dollar-Cost Averaging (DCA) is Bitflow Keepers, an intelligent automation engine that powers the DCA feature. This technology enables trustless, recurring transactions without requiring users to time the market or execute trades manually.

By supporting a wide range of assets, including SIP-10 tokens and the memecoin sensation $DOG (DOG•GO•TO•THE•MOON), Bitflow ensures that users can diversify their portfolios seamlessly.

For the first time, DeFi enthusiasts on Stacks can program their investment strategies, transforming Bitcoin into a dynamic, yield-generating asset.

Particularly, Bitflow’s non-custodial design keeps transactions fully onchain, providing transparency and security while eliminating dependence on third-party intermediaries.

Dylan Floyd, Bitflow’s Co-Founder and Lead Developer, emphasized the transformative potential of this feature, noting that Bitcoin DeFi is entering a new era of automation, where users can harness advanced tools to grow their holdings efficiently.

Notably, the Automated DCA feature is the first step in a roadmap aimed at integrating AI-driven automation into DeFi. Upcoming enhancements will include automated yield farming strategies, enabling users to optimize returns on BTC-based assets without constant oversight.

Plans are also in place for market-triggered swaps, which will allow traders to set conditions for executing transactions based on price movements or volatility, adding a layer of sophistication to Bitcoin trading.

Additionally, Bitflow intends to improve liquidity by facilitating seamless asset transfers between Bitcoin’s Layer 1 and Stacks’ Layer 2, bridging the gap between the two ecosystems.

This ambitious agenda underscores Bitflow’s role as a pioneer in the Stacks ecosystem, where it serves as a liquidity hub for trading Bitcoin assets.

By incorporating Runes and SIP-10 tokens into its decentralized exchange, Bitflow is broadening the scope of Bitcoin-native finance, appealing to both seasoned traders and newcomers looking for efficient ways to engage with the market.

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Montana house representatives reject Bitcoin reserve bill

  • Montana House has rejected the Bitcoin reserve bill.
  • The Bitcoin reserve bill aimed for $50M in crypto.
  • The house cited risk to taxpayer funds.

On February 22, 2025, Montana’s House of Representatives decisively voted down House Bill No. 429, a proposal that aimed to establish Bitcoin (BTC) as a state reserve asset.

The 41-59 vote marked a significant setback for advocates of integrating cryptocurrency into Montana’s financial strategy, highlighting a deep divide over the role of digital assets in public finance.

Introduced by Representative Curtis Schomer earlier in February, the bill sought to diversify the state’s investment portfolio by creating a special revenue account. This account would have allowed the state treasurer to allocate up to $50 million for investments in stablecoins, precious metals, and cryptocurrencies with a market capitalization exceeding $750 billion over the past year, a threshold currently met only by Bitcoin.

Supporters argued that such a move could yield higher returns than traditional bond investments, positioning Montana as a forward-thinking player in the evolving financial landscape.

Montana house representatives wary of risks involved

Despite clearing the House Business and Labor Committee on February 19 with a 12-8 vote, backed by Republicans and opposed by Democrats, the bill faced stiff resistance during its second reading in the House.

Fiscal conservatives, including many Republicans, voiced concerns over the speculative nature of Bitcoin, emphasizing the state’s duty to protect taxpayer money.

Representative Steven Kelly captured this sentiment during the House Floor Session, stating, “It’s still taxpayer money, and we’re responsible for it. We need to protect it. These types of investments are way too risky.”

Representative Jane Gillette echoed these doubts, pointing out that the bill lacked clear guidelines on how the funds would be managed, while Representative Bill Mercer warned that Bitcoin’s history of dramatic price swings made it an imprudent choice for public funds.

On the other side, advocates like Representative Lee Demming argued that embracing digital assets could safeguard Montana’s reserves against inflation and bolster long-term financial growth, a perspective shared by Bitcoin proponents nationwide.

The rejection of HB 429 effectively kills the proposal for now, requiring any future efforts to start anew in Montana’s legislature.

US states push for Bitcoin reserves

Montana’s decision stands in contrast to a growing trend among US states exploring Bitcoin as a reserve asset.

Approximately 24 states, including Utah, Arizona, Oklahoma, Texas, and Ohio, have introduced similar legislation, with Utah’s HB230 making the most progress by allowing up to 5% of public funds to be invested in digital assets.

Nationally and globally, the push for Bitcoin reserves is gaining traction, with countries like Switzerland, Brazil, Japan, and Russia also weighing the cryptocurrency’s potential as a strategic asset.

Dennis Porter, CEO of the Satoshi Action Fund, which collaborated with Montana legislators like Schomer and Senator Daniel Zolnikov, expressed disappointment with Montana’s move but remained optimistic about the broader movement. He noted that Bitcoin’s decentralized structure and limited supply make it an attractive hedge against economic uncertainty.

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Franklin Templeton launches a Bitcoin and Ethereum index ETF

  • Franklin Templeton has launched EZPZ ETF tracking Bitcoin and Ether.
  • The EZPZ ETF is the second US crypto index ETF.
  • The other crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ).

Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH).

Announced on February 20, 2025, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14.

The Franklin Bitcoin and Ether Index ETF

The EZPZ fund is designed to track the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks.

As of its launch date, the index allocates approximately 87% of its weighting to Bitcoin — currently priced at $98,706 — while Ether, valued at $2,755, accounts for about 13%.

Franklin Templeton has emphasized that this ETF offers a streamlined way for investors to gain exposure to these leading digital assets without the complexities of directly purchasing and managing them.

Looking ahead, Franklin Templeton plans to expand the fund’s holdings as additional cryptocurrencies are incorporated into the underlying index, subject to regulatory approval. This forward-thinking approach positions EZPZ as a potential “one-stop-shop” for US investors seeking a diversified crypto portfolio through a single investment vehicle.

The launch of EZPZ comes amid a wave of cryptocurrency ETF developments in the US. Hashdex’s NCIQ, trading on the Nasdaq, similarly focuses on Bitcoin and Ether with plans to broaden its scope over time.

The broader market has also seen a surge in ETF filings throughout 2024, with asset managers submitting proposals for funds tied to altcoins such as Solana (SOL), XRP, and Litecoin (LTC).

In October, NYSE Arca sought approval to list a Grayscale ETF based on the Grayscale Digital Large Cap Fund, a diversified crypto portfolio established in 2018 that includes Bitcoin, Ether, Solana, and XRP, among others.

Additionally, Bitwise recently filed for a 10 Crypto Index Fund ETF with the SEC, further underscoring the growing demand for crypto investment vehicles.

Analysts at Bloomberg Intelligence have expressed optimism about the regulatory outlook, suggesting “relatively high odds of approval across the board” for these new crypto ETF proposals. This momentum highlights a pivotal moment for the integration of digital assets into traditional finance, offering investors more accessible and regulated options to participate in the crypto market.

Franklin Templeton’s entry into the crypto ETF space with EZPZ signals both the firm’s confidence in the maturing digital asset ecosystem and the increasing appetite among mainstream investors for cryptocurrency exposure. As the index evolves and regulatory hurdles are cleared, EZPZ could pave the way for broader adoption of crypto-focused ETFs, bridging the gap between conventional investment strategies and the rapidly expanding world of blockchain-based assets.

For now, the fund stands as a milestone in making Bitcoin and Ether more accessible to US investors, with the promise of further growth on the horizon.

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