Market Signal Briefing

Strategy has once again reinforced its position as the largest corporate Bitcoin holder, acquiring 17,994 BTC for approximately $1.28 billion in one of its most significant purchases of the year. The move signals unwavering confidence in Bitcoin as a long-term treasury asset and cements the company's dominance in the institutional crypto space.

According to a Form 8-K filing submitted to the U.S. Securities and Exchange Commission, the purchases were executed between March 2 and March 8, at an average price of $70,946 per Bitcoin. Executive Chairman Michael Saylor had hinted at the acquisition earlier that week, staying true to his well-established pattern of telegraphing major Bitcoin buys to the market.

With this latest addition, Strategy's total Bitcoin holdings have surged to a remarkable 738,731 BTC, a figure that dwarfs the reserves of any other publicly traded company in the world. The scale of this accumulation underscores how deeply the firm has tied its corporate identity and financial strategy to the future of digital assets.

To fund the purchase, Strategy raised roughly $1.276 billion in net proceeds through the sale of common and preferred stock during the same period. This approach reflects the company's ongoing strategy of leveraging equity markets to fuel its Bitcoin acquisition engine, a model that has drawn both admiration and scrutiny from investors and analysts alike.

As institutional interest in Bitcoin continues to grow and regulatory clarity improves across major markets, Strategy's aggressive accumulation strategy positions it as a key barometer for corporate confidence in cryptocurrency. Whether Bitcoin prices rise or fall in the short term, Strategy has made it abundantly clear that it views every dip as a buying opportunity and shows no signs of slowing down its Bitcoin treasury expansion anytime soon.

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XRP may be approaching a significant turning point after months of sustained downward pressure. The cryptocurrency is currently consolidating near the $1.34 level on the daily chart, where a cluster of technical indicators is beginning to align in a way that historically precedes meaningful price rebounds.

The prolonged downtrend that has defined XRP's price action over recent months appears to be losing momentum. Selling pressure has visibly weakened, and the current price compression is drawing attention from technical analysts who recognize this pattern as a late-stage correction signal. When multiple moving averages converge within a tight range like this, it often creates the conditions necessary for a strong directional move, most commonly to the upside following an extended bearish phase.

One of the most compelling features on the XRP daily chart is an ascending support line that formed in the aftermath of the sharp February selloff. Since that capitulation event, XRP has consistently printed higher lows, gradually narrowing its trading range. This tightening structure reflects a gradual shift in market sentiment, where panic-driven sellers are being replaced by buyers who see long-term value at current prices.

The convergence of support levels and moving averages creates what traders refer to as a technical coil, a setup that compresses volatility before releasing it in a decisive move. With XRP holding above key support and momentum indicators showing early signs of flattening, the probability of a recovery scenario is increasing with each passing week.

While no technical setup guarantees a specific outcome, the current structure suggests that XRP's risk-to-reward profile is becoming increasingly favorable for patient investors. A confirmed breakout above the current compression zone could serve as the catalyst that reignites bullish momentum across the broader XRP market.

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Bitcoin (BTC)

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Last updated: 

7 minutes ago

Institutional money just made its move.

On Monday, U.S. spot Bitcoin ETFs pulled in about $167 million in fresh inflows, snapping a short two-day streak of outflows. While Wall Street was buying Bitcoin, funds tied to Ether, XRP, and Solana kept bleeding capital for a third straight day.

Source: SoSoValueBitcoin is currently trading around $71,000. It is up 3% on the day and still holding a weekly gain as capital rotates away from riskier altcoins and back into the market leader.

Michael Saylor’s company bought another 17,994 BTC between March 2 and 8, spending roughly $1.28 billion during the dip.

With institutions stepping back in and geopolitical tensions easing slightly, the market is starting to look less like a risk chase and more like a flight to quality.

Can Bitcoin Reclaim $72,000 Before Month’s End?BTC is trading just above the $71,000 psychological level, and that area is proving to be a real friction point. Spot buyers are stepping in to absorb supply, but derivatives traders remain cautious, keeping momentum in check.

The “Rainbow Chart” currently suggests ongoing downward pressure toward the end of March, potentially testing lower support bands before the next leg up.

Source: BTCUSD / TradingViewZooming out, though, the long-term outlook still looks strong. Institutional forecasts for this cycle have climbed sharply. Some estimates now place Bitcoin between $110,000 and $170,000 if the broader trend continues.

For now, the market appears to be consolidating. If Bitcoin manages to reclaim $72,000 and turn it into support, the path toward six figures could open quickly. But if $65,000 breaks, the market may see another quick flush before the next real rally starts.

Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key LevelsWhile Bitcoin consolidates, the capital flight from legacy chains like Solana and Ethereum is seeking a new home. Investors are rotating profits not just into BTC, but into high-beta infrastructure built directly on top of it.

This shift has accelerated interest in Bitcoin Hyper ($HYPER), the first-ever Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM).

The narrative is compelling: why hold SOL when you can have Solana’s speed anchored by Bitcoin’s security? Bitcoin Hyper solves Bitcoin’s historic latency issues—slow transactions and lack of programmability—by delivering sub-second finality through its SVM integration.

The project has already raised an exacting sum of $31,906,791.64, signaling a massive appetite for Bitcoin-native DeFi.

Priced at $0.0136768 during the current presale stage, $HYPER offers a distinct entry point compared to the saturated market caps of established L1s. With features such as a Decentralized Canonical Bridge for seamless BTC transfers and high-yield staking options, the protocol is positioning itself to capture the liquidity bleeding from older altcoins. Investors looking for asymmetric upside (risk caveats applied) are moving early.

Visit the Official Bitcoin Hyper Website Here

Bitcoin has climbed back to the top of its current trading range, placing the market at a critical decision point. While a breakout could open the door to further upside, analysts warn that failure to push higher may trigger a sharp rejection. If selling pressure emerges at these highs, Bitcoin could rotate back toward the key support level around $62,800.

A Return To The Top Of Its Trading Range Bitcoin moves to its range highs, prompting analyst Lennaert Snyder to issue a cautious update regarding current market conditions. Snyder highlights his trading strategy: avoiding long positions at the top of a range. Since the most logical and high-probability buying opportunities are found at the range lows, entering a long at these elevated levels presents an unfavorable risk-to-reward ratio.

Instead of chasing the upward momentum, the current technical setup suggests that a shorting scenario is much more compelling. Snyder is currently tracking three potential paths for today’s price action, each focusing on how Bitcoin reacts to overhead resistance.

Source: Chart from Lennaert Snyder on X If Bitcoin begins to drop from its current position and loses the critical market structure level at $69,383, it would signal a shift in momentum. In this case, Snyder intends to enter a short position, targeting the “weak lows” situated around $65,280.

Furthermore, there is buy-side liquidity still resting above the current price at $71,200 and $72,846. If Bitcoin pushes higher to “sweep” these pools and trap breakout buyers, Snyder will wait for a bearish Market Structure Break (MSB) to confirm the move. This confirmation would then serve as the entry point to short the asset back down toward the same $65,280 target.

Bitcoin Touches Exact Range High At $70,500 In a recent technical update, crypto analyst Zord highlighted that Bitcoin has accurately tapped the Range High at approximately $70,500, a level previously identified in his last market analysis. This precise touch confirms the current range boundaries, placing the asset at a critical inflection point where the next major directional move will likely be decided.

The potential for a bullish expansion remains on the table, with Zord noting that a successful breakout from this resistance could finally propel BTC toward a new all-time high or a sweep of the $74,000 level. However, the analyst cautioned that despite the proximity to these highs, a definitive breakout has not yet materialized.

Conversely, the risk of a rejection at this overhead resistance carries significant downside implications. If BTC fails to sustain its momentum here, Zord anticipates an immediate retracement back through the Range Mid, ultimately targeting the Range Low situated at $62,800.

BTC trading at $70,786 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

TLDR: Bitcoin surged above $71K, triggering a crypto short squeeze that liquidated over $100M in bearish positions. Ethereum followed Bitcoin’s breakout, reclaiming $2,050 as the crypto market cap expanded rapidly. Over $150B flowed back into the crypto market within 36 hours as momentum traders returned. Analysts identify $75K BTC and $2,100 ETH as major liquidation zones in derivatives markets. Crypto Short Squeeze is driving renewed momentum across digital asset markets after Bitcoin climbed above $71,000 and Ethereum moved past $2,050. The rally triggered more than $100 million in short liquidations across major exchanges within 36 hours.

Bitcoin Breakout Triggers $100M Short Liquidation Cascade Crypto Short Squeeze activity intensified after Bitcoin reclaimed the $70,000 psychological resistance level. The breakout triggered forced liquidations across derivatives markets.

Data from trading platforms shows that more than $100 million worth of short positions were liquidated. Traders who expected lower prices were forced to close their positions.

When short traders exit losing positions, they must buy the asset back. That process creates additional upward pressure on price.

BREAKING: $100 Million worth of short positions liquidated as Bitcoin reclaims $71,000 and Ethereum reclaims $2,050.

BTC is up 8.61% in the last 36 hours, adding $113 billion to its market cap.

ETH is up 8.18% in the last 36 hours, adding $19 billion to its market cap.

Total… pic.twitter.com/zli2MzRSrN

— Bull Theory (@BullTheoryio) March 10, 2026

Bitcoin’s price increased by roughly 8.61% during the last 36 hours. The rally added nearly $113 billion to the asset’s total market capitalization.

Technical charts show consecutive higher highs and higher lows during the surge. This pattern reflects steady buying pressure during the breakout.

The move above $70,000 also triggered clusters of stop-loss orders. Many short sellers placed liquidation levels just above that resistance zone.

Once those orders were activated, automated buying accelerated the rally. Such chain reactions often amplify volatility in derivatives-driven markets.

Meanwhile, total cryptocurrency market capitalization expanded by nearly $150 billion during the same period. This rapid increase suggests both liquidation-driven demand and fresh spot buying.

Ethereum Rally and Key Liquidation Zones at $75K and $2,100 Crypto Short Squeeze momentum extended to Ethereum as the asset climbed above $2,050. The second-largest cryptocurrency mirrored Bitcoin’s breakout strength.

Ethereum recorded an 8.18% gain during the same 36-hour period. The move added about $19 billion to Ethereum’s market capitalization.

Price action shows buyers defending higher support levels since the $1,930 consolidation region. This structure indicates continued participation across large-cap cryptocurrencies.

While both assets moved higher, derivatives heatmaps reveal new liquidation zones forming. These zones could influence the next price movements.

Bitcoin currently faces a dense cluster of short positions between $74,000 and $75,500. Analysts describe this area as a liquidity magnet for leveraged traders.

If Bitcoin reaches $75,000, forced buying from liquidated shorts could accelerate the rally. Some traders expect rapid movement toward $78,000 if liquidation pressure builds.

Ethereum faces a separate liquidation structure near $2,100. Many leveraged long traders placed liquidation levels around that support region.

Estimates indicate nearly $850 million in Ethereum long positions remain exposed near that price range.

If Ethereum drops toward $2,100, automated selling could trigger a long liquidation cascade. Under that scenario, the next major support level appears near $1,900.

Such divergence between Bitcoin and Ethereum would increase volatility across crypto markets. Traders would also watch Bitcoin dominance as capital shifts between major digital assets.

Crypto Price Prediction Today 10 March – XRP, Bitcoin, Ethereum Bitcoin Market Analysis XRP

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6 minutes ago

The price of Bitcoin is holding above $70,000 despite the high-stakes war between the United States and Iran, a sign that crypto markets may have already priced in the instability beforehand.

Meanwhile, crypto supporters argue that the passage of the U.S. CLARITY Act could ignite the next major crypto bull market in 2026.

So, given the right conditions, it could be a historic year for the three biggest cryptos.

Discover: The best meme coins in the world right now.

XRP (XRP): Ripple’s Crypto Payment Leader Could Hit $5 Price TagXRP ($XRP) has a market capitalization of $87 billion, making it the leading blockchain for cross-border payments.

Ripple created the XRP Ledger (XRPL) to support extremely fast transactions with minimal fees, delivering infrastructure that could potentially replace SWIFT.

Recently, Ripple doubled down efforts to transform the XRPL into an institutional platform for stablecoins and tokenized real-world assets, while keeping XRP as the network’s central liquidity token.

Ripple’s tech has since appeared recommended in reports by the United Nations Capital Development Fund and the White House.

The recent approval of spot XRP exchange-traded funds (ETFs) in the United States has also expanded exposure to the asset among traditional investors.

From a technical standpoint, XRP appears to be developing a bullish flag pattern. Should macroeconomic and crypto-industry conditions support bullishness, the token could hit $5 in H1.

Bitcoin (BTC): Can the Original Cryptocurrency Break Records Again?Bitcoin ($BTC) previously climbed to an ATH of $126,080 on October 6.

The rally was later followed by a sharp pullback as global tensions escalated following threats of U.S. intervention in Iran and Greenland dampened investor confidence.

That correction wiped out nearly half of Bitcoin’s value, temporarily sending the price down to around $63,000 a fortnight ago.

Despite the volatility, Bitcoin’s image as “digital gold” continues to attract investors searching for protection against inflation, weakening fiat currencies, and broader economic uncertainty.

Growing institutional interest, reduced supply following the most recent halving event, and expectations for comprehensive regulation in the United States could help Bitcoin mount a v-shaped recovery.

If Donald Trump delivers his promise to establish a U.S. Strategic Bitcoin Reserve, Bitcoin could be at the center of crypto for years.

Ethereum (ETH): The Backbone of DeFi Eyes Fresh HighsEthereum ($ETH) underpins the majority of the decentralized finance ecosystem and carries a market capitalization of $250 billion.

The network secures $56 billion TVL, making it the buzziest blockchain for financial applications and digital commerce.

If sentiment strengthens, Ethereum could challenge the $5,000 resistance zone as early as June, potentially surpassing its previous ATH of $4,946 recorded last August.

Over the longer term, Ethereum’s prospects of reaching five-figure valuations will largely depend on regulatory clarity in the United States.

Approval of the CLARITY Act could accelerate institutional deployment of stablecoins and tokenized real-world assets on Ethereum.

From a technical perspective, ETH is attempting to invalidate a bearish pennant pattern that developed throughout February. For long-term investors, current prices may represent a strategic accumulation range.

Bitcoin Hyper: A Low-Price Crypto Presale Bringing Solana Performance and Utility to BitcoinWhile Bitcoin, XRP, and Ethereum present compelling long-term investment cases, the crypto market’s largest percentage gains have historically come from early participation in innovative new projects.

Bitcoin Hyper ($HYPER) bootstraps Bitcoin by introducing Solana-like speed and efficiency through a Layer-2 scaling network. The technology lowers transaction fees while maintaining the security of the Bitcoin blockchain.

Through Bitcoin Hyper, users can stake tokens, generate yield, trade assets, and interact with smart contracts without needing to move funds outside the Bitcoin ecosystem.

The project has already secured $31.9 million during its ongoing presale, drawing increasing interest from major investors and crypto exchanges. As a result, $HYPER is rapidly emerging as one of the hottest launches this year.

Those looking to purchase $HYPER at the current fixed presale price can visit the official Bitcoin Hyper website and connect a supported wallet such as Best Wallet.

Tokens can also be acquired using a bank card.

Visit the Official Website Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Last updated: 

4 minutes ago

Solana price is moving quietly right now, but the money behind it is getting louder.

SOL is trading around $87 and has barely moved over the last day. On the surface, the market looks calm. But behind the scenes, institutional investors are building serious exposure.

New filings show that about 30 major institutions now hold roughly $540 million in Solana ETF positions. Firms like Electric Capital and Goldman Sachs are among the biggest players stacking exposure.

Source: James SeyffartThat creates an interesting disconnect. Price action looks slow, but big money is quietly accumulating.

Now the big question is simple. If selling pressure returns, will this $540 million wave of institutional demand be enough to defend the key $80 support zone?

Solana Price Prediction: Can SOL Hold $80 and Target $100 In March?The chart is not as confident as the institutional money just yet.

Solana is trading around $88, and technically, the setup still looks fragile. A head and shoulders pattern already broke earlier this year when price lost the $107 neckline, opening the door for more downside.

Source: SOLUSD / TradingViewRight now, everything revolves around the $80 level. That zone has already stopped several selloffs, but every test weakens it a little more. If $80 finally breaks, the next downside targets could quickly appear near $64 or even $59.

For bulls to flip the narrative, SOL needs to reclaim $92 first. That would weaken the bearish structure and put the next major hurdle near the 200-day average around $122.

At the moment, momentum indicators like the RSI are sitting right in the middle, suggesting the market has not yet chosen a direction. Hold $80, and Solana likely keeps grinding sideways. Lose it, and the next move could get messy fast.

Maxi Doge Targets Early Mover Upside as Solana Tests Key LevelsWhile Solana battles to defend the $80 floor against a potential 30% drop to $59, traders seeking aggressive multiples are rotating capital into higher-beta assets.

Large caps like SOL offer stability (eventually), but their huge market cap often precludes the rapid 100x moves seen in early-stage narratives.

This search for leverage has redirected volume toward Maxi Doge ($MAXI), a new ERC-20 contender explicitly designed for the high-leverage trading culture.

Embodying the “1000x leverage” mentality, Maxi Doge has already raised an exact $4,664,426.99 in its ongoing presale.

The project combines gym-bro viral marketing—”never skip leg-day, never skip a pump”—with a holder-only trading competition ecosystem and a Dynamic APY staking protocol.

Currently priced at $0.0002808, $MAXI positions itself as the “Leverage King,” aiming to outperform established memes by incentivizing active holding through its Treasury fund.

For those hedging against Solana’s short-term volatility, this early-entry opportunity offers a distinct risk-reward profile compared to established altcoins.

Visit the Official Maxi Doge Website Here

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Recent movements in XRP have left some traders underwhelmed, particularly as many remain focused on its day-to-day price swings. However, one market analyst suggests that these short-term fluctuations can be misleading. By stepping back and examining the monthly chart instead, the analyst argues that a clearer and more bullish market structure begins to emerge.

Short-Term XRP “Noise Recently, crypto analyst @Jaydee_757 took to X to highlight what he sees as a common mistake in how traders interpret XRP price movements. His argument centers on the tendency to judge the asset’s direction using short-term activity instead of the broader market trend.

Over the past day, XRP has traded gradually around the $1.30 range, posting modest gains and relatively small intraday swings. For traders focused on hourly or daily charts, this kind of movement can appear slow or uneventful. However, Jaydee argues that such price action represents only a small portion of the market’s overall structure.

According to him, this is where what traders call “noise” begins to dominate perception. When market participants closely track every minor fluctuation, those movements can draw disproportionate attention and trigger emotional reactions.

This effect becomes more noticeable during consolidation phases, when prices move sideways rather than trending strongly upward. Short-term traders may interpret these pauses as weakness or fading momentum, even though consolidation often forms before larger moves.

Jaydee notes that stepping back to a higher timeframe helps remove much of this distraction, allowing traders to focus on the underlying trend rather than the day-to-day volatility.

Monthly Chart Highlights Breakout And Possible Retest To illustrate this broader perspective, the analyst shared a chart of XRP’s market structure on the monthly timeframe. The chart highlights a large ascending triangle pattern that has formed over an extended period, with a horizontal resistance level at the top and a rising trendline connecting higher lows beneath it.

Source: X Within the chart, XRP is shown breaking above that resistance line in a strong upward move. This breakout is marked clearly before the price pulls back toward the same level it previously surpassed. The analyst interprets this pullback as a potential retest of the former resistance, a common technical development that can confirm the level as new support.

If this retest holds, the chart outlines a possible continuation of the upward trend. The projected move points toward a higher target zone represented by a green box, indicating where XRP could advance if bullish momentum resumes.

Another highlighted region, labeled as a pink box, remains part of the broader setup and could still play a role during the current consolidation phase. While short-term price movements may continue within this range, the analyst’s macro outlook remains focused on the larger triangle breakout.

From that perspective, the current price action may simply reflect a transitional period rather than a breakdown in momentum. By concentrating on the long-term structure instead of day-to-day fluctuations, the analyst maintains that XRP’s broader trajectory remains firmly in view. 

Bulls push for higher prices | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

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I'm Sandra White, a writer at Bitcoinist, and I provide the latest updates on the world of cryptocurrencies. I believe crypto a gateway to a new order and I have made it my life's mission to help educate as much people as possible. When I'm not at work, I love listening to music, learning new things, and dream of traveling around the world.

Bernstein analysts have initiated coverage of Circle Internet Group (CRCL) with an outperform rating and a $190 price target, implying roughly 60% upside from its current price near $120. The bullish call comes after Circle shares more than doubled in recent weeks, driven by a strong earnings beat that analysts believe triggered a short squeeze.

The central argument behind Bernstein's thesis is that stablecoin adoption is increasingly decoupling from the volatile crypto market. Circle's USDC stablecoin supply has rebounded to nearly $78 billion — just below its all-time high — even as Bitcoin and broader digital assets remain well off their peaks. The overall U.S. dollar-backed stablecoin market has held steady at around $270 billion despite ongoing bearish conditions.

Transaction activity is another tailwind. Adjusted stablecoin volumes climbed more than 90% year-over-year, while rising transaction velocity signals that stablecoins are now being used well beyond crypto speculation. Payments integration is playing a growing role, with Visa supporting over 130 stablecoin-linked cards across 50 countries and processing approximately $4.6 billion in annualized settlement volume.

Circle is also scaling its Circle Payments Network, a cross-border infrastructure that allows institutions to send USDC and convert it to local currencies through banking partners. The network has grown to around 55 institutional members, with annualized volumes reaching $5.7 billion earlier this year.

Looking further ahead, Bernstein flagged an emerging opportunity in AI-driven agentic finance. As autonomous software agents proliferate online, stablecoins are positioned to become a dominant payment rail for machine-to-machine micropayments — covering services like API calls and automated workflows. To capitalize on this shift, Circle is developing Arc, a high-throughput blockchain built specifically for fast, low-cost payments at scale.

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Armed criminals posing as police officers forced a French couple to transfer roughly $980,000 worth of bitcoin during a violent home invasion on Monday in Chesnay, France, in what authorities say is part of a growing wave of crypto-linked kidnappings across the country.

Published: Mar 10, 2026 at 21:59
Updated: Mar 10, 2026 at 22:07

The price of Bitcoin (BTC) has resumed its bullish ascent above the 21-day SMA barrier for the second time.

Bitcoin price long-term prediction: bullish On March 2, buyers pushed the price above the 21-day SMA support, but bullish momentum encountered resistance at $74,000. BTC then dipped below the moving average lines, but has since returned above the 21-day SMA support.

If buyers overcome resistance at $74,000 and the 50-day SMA barrier, Bitcoin could reach a high of $90,000. If Bitcoin fails to break through the recent barrier, it will likely continue to fluctuate within a range above the $60,000 support and below the $75,000 high. Today, the BTC price is $69,550.

Technical indicators       Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $90,000, $85,000, $80,000

BTC price indicator analysis The Bitcoin price is trading above the 21-day SMA support but below the 50-day SMA barrier. The downward-sloping moving average lines are horizontal, indicating a sideways trend. On the 4-hour chart, the price bars are above the horizontal moving averages. Since February 5, the price has fluctuated both below and above the moving average lines.

What is the next move for BTC? Bitcoin's price has regained upward momentum, but it remains range-bound above the $65,000 support level.

On the 4-hour chart, BTC is trading above $65,000 but below the $75,000 high. The price has reclaimed a position above the moving average lines, but positive momentum is encountering initial resistance near $70,000. As Doji candlesticks appeared, the price movement remained motionless.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

Cardano is facing a fresh round of criticism after renowned crypto market analyst Ali Martinez, known on X as Ali Charts, argued that the network’s valuation remains badly out of step with actual usage. His thesis is blunt: unless adoption improves materially, ADA’s price could face far more downside if a key support level breaks.

In a post titled “The Most Useless Network in the Crypto Market,” Martinez framed Cardano as a chain with a large market value but comparatively weak onchain traction. He wrote, “Cardano ranks among the largest cryptocurrencies by market value, yet the level of real activity on the network remains relatively small.”

Could Cardano Fall Another 80%? He then tied that directly to DeFi participation, arguing that “the amount of capital locked in Cardano’s DeFi ecosystem has never exceeded $1 billion, and it has historically been only a fraction of what is locked on competing platforms like Ethereum. Even some newer chains, such as SUI, have already surpassed it in usage.”

That gap between valuation and network activity sits at the center of his bearish case. Martinez argued that when “a network is valued in the billions but only a limited amount of capital and applications are actually using it, the price may be driven more by speculation than by real demand.” In his view, Cardano has yet to establish the kind of durable product-market fit that tends to sustain long-term capital inflows in crypto.

He sharpened that comparison by placing Cardano alongside two ecosystems that, in his telling, already carved out clearer roles in the market. “Unlike Ethereum, which has built a dominant position in DeFi, or Solana, which has captured high-speed consumer applications, Cardano still lacks a clear use case that consistently attracts users, developers, and investors,” he wrote. The point was not simply that Cardano is smaller than those chains, but that it still has not locked in a sector where it is the default destination for activity.

Martinez also pointed to Cardano’s development model as a structural constraint. “Another concern for me is the pace of development and the increasingly competitive environment,” he said. “Cardano follows a research-driven model that prioritizes academic review and formal verification. While that approach can improve security and design quality, it has also resulted in a slower rollout of features compared to other blockchains.”

That slower cadence, he suggested, has had compounding effects. “Although Cardano launched in 2017, smart contracts were not introduced until 2021, giving competing ecosystems several years to build stronger network effects with more developers, applications, and liquidity.” In crypto, where network effects can become self-reinforcing, arriving late to key product layers can matter as much as technical design.

The market implication of that thesis comes down to one chart level. Martinez said $0.245 is the critical support to watch. If that floor breaks decisively, he sees scope for a move to $0.112 or even $0.051, which would imply another 50% to 80% decline from that zone.

He stopped short of calling the breakdown a certainty, noting that it “has not yet occurred,” but said traders waiting on the sidelines could still see a short setup if the level fails, provided risk is tightly managed.

At press time, ADA traded at $0.2668.

ADA needs to break the $0.30 region, 1-week chart | Source: ADAUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

Stani Kulechov, founder of Aave, harshly criticized the inner workings of Decentralized Autonomous Organizations (DAOs), sparking intense debate across the DeFi community. The entrepreneur stated that DAOs have become “extraordinarily difficult” and politicized structures that hinder innovation and operational efficiency. His remarks follow governance disputes that led to the departure of key Aave contributors.

Kulechov advocates for a hybrid model where governance is limited to crucial decisions—such as protocol changes and treasury strategy—while leaving execution to leaders to streamline processes. The founder emphasized the need for Aave to adapt to compete in the global lending market, labeling the current model “slow” and bureaucratic, likening it to a “daily struggle” against the organization itself.

Following these controversial statements, the DeFi community is closely monitoring Aave’s next moves. The market will watch whether Kulechov’s proposal to centralize operational execution and the recent consolidation under Avara boosts protocol agility or, conversely, triggers resistance among proponents of pure decentralization.

Source: https://x.com/StaniKulechov/status/2031365539449209146

Disclaimer: Crypto Economy’s Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.

Bitcoin traders often see the $1,000,000 price target as unrealistic, yet new data suggests the view may be changing. Bitwise Asset Management CIO Matt Hougan has offered a detailed case showing how Bitcoin can reach the mark if one condition plays out.

His memo explains that the target depends on the future size of the global store-of-value market and Bitcoin’s share of that market. At press time, the Bitcoin price was trading at $70,244.08, a 2% surge from the 24-hour low.

Store-of-Value Market Expansion Becomes the Main VariableMatt Hougan explains that many analysts base their view on today’s market, which stands at about $38 trillion. Gold controls roughly $36 trillion while Bitcoin holds about $1.4 trillion. This places Bitcoin below 4% of the total value.

He argues that analysts often make a mistake by assuming the market stays fixed. He says the category has grown quickly during periods when investors preferred assets outside the banking system.

Matt Hougan points to gold’s expansion over the past two decades. The metal was valued at around $2.5 trillion in 2004 when the first U.S. gold ETF launched. Its value rose near $40 trillion as global debt and geopolitical risk increased. He notes that this growth shows how the category can change when investors demand alternative assets.

If similar expansion continues, the store-of-value market could reach about $121 trillion within ten years. Hougan says Bitcoin needs only 17% of that market to trade at $1,000,000 per coin.

Matt Hougan says Bitcoin’s rising adoption improves the case for a higher share in the future. He cites the rapid growth of U.S. spot Bitcoin ETFs and growing interest from large institutions.

Endowments and sovereign wealth funds now hold allocations that were rare five years ago. Many professional investors once kept exposure near 1 percent, yet some now move toward 5 percent because Bitcoin’s long-term volatility has declined.

He says the trend reflects the asset’s growing acceptance and the increasing view of Bitcoin as a digital store of wealth. He adds that Bitcoin’s capped supply continues to attract investors who want to reduce exposure to monetary expansion.

Concurrently, as we reported, the BTC network has mined more than 20 million coins. This milestone leaves fewer than one million coins remaining before the hard cap is reached, which is the basis for a bullish rally.

Key Risks Create a Wide Range of Possible OutcomesMatt Hougan acknowledges that the Bitcoin price projection depends on assumptions about market growth and future adoption. He says the past twenty years included a financial crisis, the rise of quantitative easing, and long periods of low interest rates. These forces may not repeat, and the gold market could slow.

He also accepts the possibility that Bitcoin may not gain enough share to reach the target. However, he says the opposite outcome is also possible. Global debt levels are rising, and some investors worry about currency weakening, which may speed up demand for scarce assets.

Several well-known industry figures share similar long-term expectations. Michael Saylor earlier said the $1,000,000 level is “inevitable.” Concurrently, Ark Invest CEO Cathie Wood has a base case of $1.2 million by 2030. 

In addition, Arthur Hayes and Eric Trump say Bitcoin could reach $1,000,000by 2028 if liquidity expands. Robert Kiyosaki and Coinbase CEO Brian Armstrong also expect long-term gains as supply falls and demand grows.

Hougan concludes that his base case assumes both continued market expansion and continued Bitcoin share growth. He says these trends support a much higher future price than today.

The blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral. Mar 10, 2026, 10:15 p.m.

About $27 million was liquidated on the decentralized lending platform Aave over the last 24 hours, in what some market participants say may have been caused by a temporary pricing issue involving the token wstETH.

Blockchain data flagged by risk-management firm Chaos Labs shows a spike in liquidations in the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral.

(AAVE liquidations over last 24 hours/ Chaos Labs)Oracles are services that feed price data from the outside world into blockchain applications. Lending protocols like Aave rely on them to decide when a borrower’s collateral is no longer sufficient to back their loan — at which point the position can be liquidated.

While such scenarios are rare, most recently, a price-oracle setup misconfigured by DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200, leaving the protocol with nearly $1.8 million in bad debt.

In Aave's case, some say the issue may have involved wstETH, a token issued by Lido that represents staked ether. Because it accrues staking rewards over time, one wstETH is typically worth slightly more than one ETH.

According to a post from LTV Protocol on X, at the time of the liquidations, Aave’s oracle appeared to value wstETH at roughly 1.19 ETH, while the broader market valued it closer to 1.23 ETH.

Volume remained relatively low for wstETH trading pairs, with just $10 million being traded over the past 24 hours, so it is unlikely any astute traders capitalized on the pricing mismatch before it snapped back.

Aave spokesperson didn't reply to CoinDesk's request for comments.

(24-hour trading volume of wstETH/ CoinMarketCap)Earlier in the day, risk firm LlamaRisk briefly published a post on the AAVE forum, attributing the liquidations to an issue with Chaos Labs’ risk oracle, before deleting it.

Chaos Labs later said the underlying oracle itself reported the correct market values, and that the liquidations were instead triggered by a configuration issue in the protocol’s CAPO risk oracle, which is designed to place limits on how quickly the value of yield-bearing tokens such as wstETH can increase.

According to Chaos Labs, the incident was caused by a mismatch between stale parameters stored in a smart contract, including a reference exchange rate and its associated timestamp. Because those values were not updated in sync, the CAPO system temporarily calculated a maximum allowed exchange rate that was lower than the real market value of wstETH.

That effectively caused the protocol to treat wstETH as about 2.85% less valuable than it actually was, pushing some borrowing positions below their safety thresholds, triggering liquidations.

Chaos Labs said the protocol incurred no bad debt, though liquidators — traders or bots that repay risky loans in exchange for discounted collateral — captured roughly 499 ETH in liquidation bonuses and profits from the temporary price discrepancy.

A Lido contributor told CoinDesk, "We are aware of the liquidations due to an incorrect wstETH to USD price reported by this oracle mechanism. The cause has nothing to do with wstETH itself, how it works or the Lido protocol which continue to operate normally.”

Oliver Knight contributed reporting to this story.

Read more: Aave governance rift deepens as major governance group exits $26 billion DeFi protocol

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Digital dollar use in payments and crypto markets may slowly pull deposits from banks, forcing lenders to seek pricier funding, a new report by Jeffries finds.

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A new Jefferies report finds that stablecoins are unlikely to spark a sudden run on U.S. bank deposits but could steadily erode bank earnings as digital dollars gain traction.The firm estimates that stablecoin adoption could drive a 3% to 5% runoff in core deposits over five years, cutting average bank earnings by about 3% as funding costs rise and fee income comes under pressure.While the GENIUS Act’s ban on yield for passive stablecoin holders reduces the risk of an abrupt deposit flight, the report warns that banks must adapt with their own tokenized payment solutions to prevent a gradual profitability squeeze.

Strategy (MSTR) buys $1.3 billion worth of BitcoinStrategy has significantly expanded its digital asset treasury, acquiring 17,994 Bitcoin for approximately $1.28 billion.

Strategy has extended its relentless Bitcoin (BTC) buying spree by purchasing an additional $1.28 billion worth of Bitcoin. This comes after Michael Saylor, the company's executive chairman, teased the purchase on Thursday.

According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), the corporate intelligence and software firm acquired 17,994 Bitcoin (BTC) between March 2 and March 8. Its average purchasing price was $70,946 per BTC.

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With this latest purchase, Strategy's total aggregate Bitcoin holdings have reached a staggering 738,731 BTC.

During the same March 2 to March 8 window, the company raised approximately $1.276 billion in net proceeds through the sale of both common and preferred stock.

Dogecoin volume up 87%DOGE is showing resilience, with early rebound signs from a golden cross setup.

Dogecoin has formed a golden cross as the asset shows signs of rebounding from its weekly low. The meme coin has been on a decline in the last seven days amid broader market fluctuations. This technical signal suggests a bullish recovery for DOGE.

The formation of a golden cross indicates that the short-term moving average has crossed over the long-term one. This technical signal is often interpreted by traders as a buy signal for a potential price increase for an asset.

CoinMarketCap data shows that Dogecoin moved from a daily low of $0.08744 to hit a peak of $0.09157. As of this writing, Dogecoin is exchanging hands at $0.09039, which represents a 1.13% increase in the last 24 hours.

The trading volume has soared by a massive 87.16% to $1.12 billion within the same time frame. The uptick is primarily driven by a derivatives-led volume surge and whale accumulation. A notable whale reportedly bet $359,000 long on DOGE on Binance futures.  

XRP's key indicators convergeXRP might find its footing for a recovery in a few weeks as converging moving averages create bounce conditions.

XRP has spent the past several months moving inside a persistent downtrend, but the recent price structure suggests that the selling pressure may be weakening. The asset is currently compressing close to the $1.34 mark on the daily chart, and a number of important indicators are starting to converge.

This kind of structure frequently emerges in the latter phases of a correction, when the market begins laying the groundwork for a possible rebound.

The ascending support line that developed following the dramatic decline in early February is the most noticeable feature on the chart. XRP has been printing somewhat higher lows since that capitulation event, progressively narrowing its range.

TL;DR

Bitcoin’s 30-day funding-rate percentile fell to 6%, its lowest level since early 2023, even as BTC climbed back above $71,000 after a gain. 25 of the last 30 days showed negative funding rates, signaling a derivatives market that has leaned toward short positions. January funding averaged about +0.005%, but February slipped to roughly -0.003% and March to -0.004%, showing sentiment turned bearish long before price fully reset. Bitcoin’s derivatives market is sending a sharply different message from the spot chart, and that disconnect is now the real headline. Even with BTC back above $71,000 after a daily gain of more than 4%, the funding-rate backdrop has turned notably pessimistic. The report says Bitcoin’s 30-day funding-rate percentile has fallen to just 6%, the lowest reading since early 2023. In simple terms, that means current funding is weaker than almost every reading seen over the past month for perpetual futures, despite price action that would normally imply improving trader confidence across the market today.

Funding Rate 30D Percentile at 6%. The Lowest Reading Since Early 2023.

“The 30-day percentile ranks today's funding rate against the last 30 days of readings. At 6%, almost every single day in the past month had higher funding than right now.” – By @RugaResearch pic.twitter.com/tYQWEXj8mc

— CryptoQuant.com (@cryptoquant_com) March 10, 2026

Bearish positioning deepens beneath the rebound Under the surface, the derivatives market has been leaning short for weeks. A CryptoQuant analysis show that 25 of the last 30 days posted negative funding rates, a pattern that points to persistent bearish positioning rather than a one-off dip in sentiment. Funding rates in perpetual futures determine whether longs pay shorts or the reverse, so negative readings suggest traders are increasingly betting on downside. That helps explain why a rebound has not erased caution: traders have treated rallies as temporary within a market cycle the report says flipped bearish last year.

The contrast with January is what makes this turn in sentiment look especially abrupt. According to the report, average daily funding hovered around +0.005% in January, while the funding percentile stayed above 80% for much of that month, signaling a market where long traders were mostly paying shorts. That changed in February, when average funding dropped to around -0.003%, and the pressure intensified again in March, with the average sliding further to about -0.004%. The sequence sketches a market that moved from optimism to defensive positioning without waiting for price to fully confirm the shift.

What makes the current setup so puzzling is how little the rebound has done to repair conviction. Bitcoin is rallying, yet the futures complex reflects a market that has spent months reacting to volatility, failed recoveries and repeated rejections below the key $100,000 threshold. With today’s funding percentile at 6%, only about 6% of the past 30 days recorded lower readings, meaning 94% of the month saw stronger funding than now. That leaves the market with a message: price may be recovering, but traders are not positioned like they believe it.

Bitcoin (BTC) is showing technical warning signs that have caught the attention of market watchers, with one analyst now predicting a dramatic price collapse in the world’s largest cryptocurrency. The analyst noted that a Bitcoin candlestick pattern that previously preceded a devastating crash to below $20,000 has reappeared on the weekly chart, reigniting fears that history may be repeating itself. If it does, it could completely rewrite the narrative of this entire market cycle. 

Historical Setup Signals Bitcoin Potential Crash To $19,000 Market analyst Tony Severino has issued a stark warning to Bitcoin investors and holders, sharing a technical analysis on X that draws a chilling comparison between current price action and a previous cycle crash. The analyst has projected that Bitcoin could decline as low as $19,000 in this bear market. 

The chart shared by Severino places two Bitcoin weekly candlestick patterns side by side, revealing a near-identical structural setup between the current market cycle and a previous bear phase. The left panel shows Bitcoin’s recent trajectory from late 2025 to early 2026, while the right panel displays a historical period that ultimately saw prices collapse below $20,000. 

Severino expressed his surprise at the chart patterns, noting that it was “absolutely wild” how similar the candlestick structures are between the two periods. He added that even the technical indicators are “almost exactly the same.” 

Source: Chart from Tony Severino on X Both chart panels feature a prominent rectangular consolidation zone followed by a pink-highlighted rebound area. The visual symmetry between the two timeframes underpins the analyst’s bearish thesis, suggesting that the current rebound around the pink zone could be short-lived, followed by a potential crash below $19,000 if historical trends repeat. 

Notably, the analyst’s bearish forecast drew skepticism from some members of the crypto community. One member argued that a drop to such levels would not simply represent a routine cycle correction, but the largest retracement in Bitcoin’s history. Severino, however, stood firmly on his analysis and forecast, stating that a 74% correction was entirely possible and even normal within Bitcoin’s historical framework. Not backing down, he insisted again that the market may still have significant downside to navigate before any meaningful bottom is established.  

Update On BTC’s Price Action The Bitcoin price has recovered again from its previous level, trading back above $70,000. Last week, the cryptocurrency crashed to as low as $63,000 amid significant volatility and shifts in market sentiment.  

However, CoinMarketCap data shows that Bitcoin has gained over 4.8% in the last 24 hours, with its daily trading volume up by more than 23.4%. The sudden price increase has been attributed to sustained inflows into Spot Bitcoin ETFs and easing geopolitical tensions in the Middle East. 

BTC trading at $70,764 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

Journalist

Posted: March 11, 2026

Bitcoin is attempting to stabilize around the $70,000 level after a sharp market correction, even as broader crypto sentiment remains firmly in fear territory.

Bitcoin was trading near $70,000 at the time of writing. It’s recovering slightly from recent lows around the $65,000 range following a steep selloff that erased much of its February gains.

The rebound comes as the Crypto Fear and Greed Index sits near 25, signaling that investors remain cautious despite signs of price stabilization.

Bitcoin steadies after sharp correction The latest price action shows Bitcoin attempting to establish support after a rapid decline that pushed the asset from roughly $96,000 to the mid-$60,000 range.

The selloff, accompanied by elevated trading volume, suggests a period of aggressive profit-taking and broader risk reduction across crypto markets.

Source: TradingView

Since the late-February drop, however, Bitcoin’s price has largely moved sideways, consolidating between $65,000 and $72,000. The consolidation phase indicates that selling pressure may be easing as the market digests recent volatility.

Such consolidation periods are potential precursors to either renewed upward momentum or extended sideways trading as investors reassess market conditions.

Fear dominates crypto market sentiment While Bitcoin’s price appears to be stabilizing, sentiment indicators suggest that investor confidence remains fragile.

The Crypto Fear and Greed Index, which measures market emotions based on factors including volatility, momentum, and trading volume, currently sits at 25, placing the market in the “fear” zone.

Readings in the fear zone often reflect heightened uncertainty among traders and investors following sharp price corrections.

Sentiment divergence emerges The current market setup highlights a divergence between price action and investor sentiment.

Despite the recent stabilization around $70,000, sentiment indicators have yet to recover, suggesting that traders remain wary of further downside.

Historically, periods of elevated fear have sometimes coincided with market consolidation phases, when investors adopt a more defensive posture while waiting for clearer directional signals.

For now, Bitcoin’s ability to maintain support near the $70,000 level could play an important role in shaping near-term market sentiment.

Final Summary Bitcoin is holding near $70,000 after a sharp correction from its February highs, suggesting the market may be entering a consolidation phase. Crypto sentiment remains weak, with the Fear and Greed Index at 25, indicating ongoing anxiety among market participants.

TL;DR

Bergen County moves 370,000 property records onto Avalanche blockchain network. Balcony partners with county clerk to digitize deeds over five years. Project covers real estate assets valued at approximately $240 billion total. HACKENSACK, N.J. — A project to digitize property records using blockchain technology is underway in New Jersey’s most populous county.

Bergen County officials are working with Balcony, a real estate technology firm, to transfer property deeds onto a blockchain network. The system uses Avalanche, a blockchain platform, to store and manage records for more than 370,000 properties. The total value of real estate covered by the project is estimated at $240 billion.

Tokenization is inevitable, $200b+ of real estate is getting tokenized on Avalanche in Bergen Country, New Jersey

Built for what’s real. pic.twitter.com/WZiYPmlTEs

— Avalanche🔺 (@avax) March 9, 2026

The effort began in May 2025. It is part of a five-year agreement between Balcony and the Bergen County Clerk’s Office. The goal is to replace paper-based deed processing with a digital system that records ownership changes on a blockchain.

Tokenization is the process used in the project It converts property ownership records into digital files stored on a distributed ledger. This method creates a permanent record of each transaction.

Daniel Silverman, CEO and co-founder of Balcony, said the company chose Avalanche to build its network. The platform allows developers to customize blockchains and set user permissions. These controls are required when handling government documents.

“We’re building our L1 on Avalanche,” Silverman said. “They have been great partners to us, and they allow us to fully customize your blockchain.”

Bergen County became the focus of the project because of its size and the chance to update its real estate systems, according to Silverman. The company signed a five-year contract with the county clerk’s office to handle deed processing on the blockchain.

Silverman described the initiative as the largest blockchain deed program in the United States. He said the system is designed to maintain a permanent record of property ownership. It also aims to reduce deed fraud and provide clear information to property owners and the public.

Blockchain technology stores data in a way that makes past records difficult to alter without detection. This feature is intended to preserve the integrity of property records over time.

The project places Bergen County at the center of an effort to apply blockchain to government record keeping. Other public agencies in the U.S. have tested similar systems, but this program covers a larger number of properties and a higher total value than previous trials.

The county clerk’s office will manage the system in partnership with Balcony. The company is building its own Layer 1 network on Avalanche for the project. Layer 1 refers to the base architecture of a blockchain.

Property fraud remains a concern in real estate transactions Criminals sometimes file false deeds to claim ownership of properties they do not own. Supporters of blockchain-based records say the technology makes this type of fraud more difficult by creating a clear chain of ownership.

Bergen County residents and title companies will interact with the new system during property sales and transfers. The county plans to maintain public access to records while using the blockchain backend to verify their authenticity.

The project moves New Jersey into a growing list of states exploring blockchain for government use. Colorado, California, and others have tested the technology for various record-keeping functions.

On paper, Ethereum looks like the healthiest blockchain on the planet right now. However, the network is booming because everyone is rushing for the exits.

According to the latest on-chain data from analytics firm CryptoQuant, the Ethereum network is currently processing an unprecedented volume of traffic. 

Key metrics such as active addresses, token transfers, and smart contract calls have even managed to eclipse the euphoric peaks of the 2021 bull market.

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The spot price of Ethereum (ETH) is currently down more than 50% below its highs.

The illusion of network growth High network activity does not automatically equal high demand to buy the asset. 

Right now, the Ethereum blockchain is experiencing a surge in transactions simply because investors are aggressively moving their capital. 

Users are interacting with smart contracts to unwind decentralized finance (DeFi) positions, unstake their assets, and transfer tokens to exchanges. 

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CryptoQuant’s analysis reveals that periods of high ETH inflows to centralized exchanges (relative to Bitcoin) coincide perfectly with sharp declines in the ETH/BTC price ratio. 

This essentially proves that a significant portion of this record network activity is simply investors moving their ETH to exchanges to sell/.

The one-year change in Ethereum’s realized capitalization has turned negative, according to the most recent data. 

Realized capitalization measures the total value of all tokens at the price they were last moved. This means that realized capital is exiting the asset.

Ultimately, the data shows that Ethereum liquidity is evaporating.

Bitwise Chief Investment Officer Matt Hougan reiterated that the bitcoin price could reach $1 million per coin, arguing the cryptocurrency’s long-term potential becomes clearer when viewed as a growing competitor to gold in the global store-of-value market.

In a memo published Tuesday titled “How Bitcoin Gets to $1 Million,” Hougan said investors often underestimate bitcoin’s potential because they overlook how much the store-of-value market has grown over time. He said estimating bitcoin’s value involves looking at the size of that market and calculating what share of it bitcoin could capture.

Today, the store-of-value market is just under $38 trillion, including roughly $36 trillion in gold and about $1.4 trillion in bitcoin, Hougan said. Based on that estimate, bitcoin currently represents just under 4% of the SoV market, and would need to capture more than 50% of that total to reach $1 million per coin, Hougan noted.

While the $1 million price tag for bitcoin sounds unrealistic to many investors, Hougan said the mistake many people make when evaluating bitcoin’s potential is ignoring how much the store-of-value market itself has expanded over time.

When the first gold exchange-traded fund launched in the U.S. in 2004, the entire gold market was worth roughly $2.5 trillion, Hougan wrote. Since then, the market has grown to nearly $40 trillion, reflecting a compound annual growth rate of about 13%. He attributed that growth to factors such as rising government debt, geopolitical uncertainty, and easy monetary policy.

If the store-of-value market continues growing at a similar pace, Hougan estimates it could reach about $121 trillion within the next decade.

At that size, bitcoin would only need to capture roughly 17% of the market to reach a price of $1 million per coin, Hougan said.

Hougan said recent developments in the crypto market support that possibility. A few years ago, there were no U.S. bitcoin exchange-traded funds, and institutional ownership was limited. Today, spot bitcoin ETFs have become the fastest-growing ETFs in history, and institutions such as the Harvard endowment and the Abu Dhabi sovereign wealth fund have added exposure to the asset.

At the same time, bitcoin’s long-term volatility has declined. As a result, some professional investors are now considering allocations of around 5%, compared with earlier recommendations closer to 1%, Hougan wrote.

Hougan acknowledged that there are still risks. The store-of-value market may not grow at the same pace as it did over the past two decades, and bitcoin may fail to gain additional market share.

However, he said the projections could also prove "too conservative" if concerns about government debt and fiat currency debasement increase demand for alternative store-of-value assets.

"As I see it, the base case — that the store-of-value market will continue to grow as it has, and bitcoin will continue to gain market share as it has — leads you to much, much higher prices than we have today," Hougan wrote.

Hougan has discussed similar long-term scenarios before. In a 2023 memo, he said bitcoin could reach more than $1 million by 2032. Last month, Hougan also said bitcoin could reach $6.5 million over the next 20 years.

Bitcoin is currently trading at around $70,250, up nearly 2% over the past 24 hours, according to The Block's bitcoin price page.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Circle Internet Financial is among Wall Street’s best-performing stocks so far in 2026, and analysts at Bernstein believe the rally could continue as stablecoin adoption accelerates.

In a recent note to clients, Bernstein reiterated its “Outperform” rating on CRCL stock and set a $190 price target, which typically reflects analysts’ expectations for a stock over the next 12 months.

Despite a volatile end to 2025, Circle shares appear to have decoupled from the broader cryptocurrency market, which has been under pressure since October following a major leveraged liquidation event.

Since bottoming near $50 a share in early February, the share price has more than doubled. The shares closed Tuesday at $118.17, up 5.7%, giving the company a market capitalization of roughly $30.3 billion.

Circle shares are now up about 49% year to date, outperforming a flat S&P 500 index and a roughly 1% decline in the Nasdaq 100 index over the same period.

Based on Bernstein’s price target, Circle shares still have 60% upside from current levels.

Circle (CRCL) stock. Source: Yahoo FinanceStablecoin adoption drives bullish outlook for CircleBernstein’s bullish outlook for Circle is largely tied to the rapid adoption of stablecoins, particularly as businesses gain clearer rules for using digital dollars in the United States.

That clarity came with the GENIUS Act, passed in 2025, which established a federal regulatory framework for stablecoins. The law set standards for reserve backing, disclosures and oversight, giving companies clearer guidelines for issuing and using dollar-pegged tokens.

Circle stands to benefit directly from that shift. Its USDC (USDC) stablecoin is the world’s second-largest, with roughly $78 billion in circulation, accounting for about one-quarter of the global stablecoin market, according to DeFiLlama.

USDC’s total circulation. Source: DeFiLlamaCircle has also built credibility among traditional financial institutions. The company went public in 2025 and works with several major Wall Street companies.

BlackRock manages the Circle Reserve Fund that holds much of USDC’s backing assets, while BNY Mellon serves as a primary custodian for those reserves. Circle has also attracted investments from major institutions, including Fidelity and Goldman Sachs, reflecting growing interest in stablecoin infrastructure from traditional finance.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

TL;DR:

Shiba Inu (SHIB) records a 5.47% rally, reaching $0.00000575 and leading a recovery after last week’s selling pressure. The upward movement caused a market imbalance, liquidating over $38,680 in short positions, equivalent to 6.3 billion SHIB. Technical indicators show a contraction in the Bollinger Bands, suggesting consolidation before a potential large-scale volatile move. On Tuesday’s session, Shiba Inu managed to reverse its four-day downtrend, reaching a high of $0.00000575. This rebound emerges as a solid technical response after touching lows of $0.00000522 during the past week.

Currently, optimism in digital assets has been renewed, allowing SHIB to increase by 7.4% over the last week. The shift in trend caught bearish traders by surprise, generating a significant volume of liquidations across derivatives platforms.

Massive Liquidations and Technical Consolidation Signals Data from CoinGlass reveals that total SHIB liquidations reached $48,260, where short positions accounted for 80% of the total. This phenomenon seems to indicate that investor sentiment is leaning toward recovery after absorbing recent negative news.

At a technical level, SHIB’s market capitalization now faces immediate resistance at $0.00000587. If the bullish momentum persists, the next technical target is set at $0.00000653, a key level to confirm a structural shift.

On the other hand, volatility could increase due to the contraction of the Bollinger Bands on the weekly chart. Typically, this pattern precedes aggressive moves, while the main support remains firm in the $0.00000526 zone.

In the coming days, the macroeconomic context will play a crucial role. The market cautiously awaits February inflation data and the Personal Consumption Expenditures (PCE) price index to be published this week.

In summary, SHIB is expected to maintain a consolidation phase while the market processes U.S. labor and inflation data. If the $0.00000526 support holds, the base case points to a test of the upper resistance before the weekly close.

In brief Bitwise CIO Matt Hougan thinks Bitcoin can get to a price of $1 million as the broader store of value market cap grows. The top crypto asset would need to jump more than 14x in order to reach the mark. Declining volatility, ETF inflows, and institutional acceptance will help position BTC's growth as gold and the store of value market cap grows, he argued. Bitcoin to $1 million per coin? Some “reasonably conservative assumptions” can get it there, Bitwise Chief Investment Officer Matt Hougan said in new market commentary shared Tuesday, despite a long road ahead to that potential milestone.

“When I joined crypto full-time in 2018, I used to hear people say that and laugh. At the time, Bitcoin was around $4,000, and $1 million sounded absurd—even to me,” Hougan wrote.

“I no longer see it that way,” he asserted.

According to the crypto asset manager executive, Bitcoin is an “emerging store of value” asset, and is poised to pull a portion of the global store of value market cap in turn.

“The basic math for estimating its value is straightforward: Estimate the size of the store-of-value market, estimate Bitcoin’s share of that market, and divide by 21 million,” Hougan wrote. “That gives you an implied price."

At it currently stands, the top crypto asset makes up less than 4% of a nearly $40 trillion store of value market cap. Therefore, at its current mark, Bitcoin would need to capture around half of the entire market, 14x from its current standing, to be priced at $1 million a coin.

“This is why $1 million per Bitcoin sounds unreasonable to many, and why I dismissed it for years,” he wrote. 

But the store of value market cap is “not static,” he argued, noting the asset classes' considerable rise in recent decades. Gold alone has seen its price increase by 80% over the last year, recently changing hands around $5,200 per ounce, bringing its total market cap to around $36 trillion at the time of writing.

“The mistake people make when evaluating Bitcoin’s potential is ignoring this growth,” he said. “If this growth rate continues, the global ‘store of value’ market will be ~$121 trillion in 10 years. At that level, Bitcoin only needs to take 17% of the market to be worth $1 million a coin.”

And while it still will take strong gains to get there, with institutional acceptance, ETFs, and declining volatility, Hougan believes Bitcoin is positioned to do so.

However, macroeconomic factors will need to contribute to that ascent. If not, then the store of value market cap may not rise, gold prices could fall off, and Bitcoin could simply fail to gain market share, he said.

“As I see it, the base case—that the store-of-value market will continue to grow as it has, and Bitcoin will continue to gain market share as it has—leads you to much, much higher prices than we have today,” Hougan wrote.

These are terrible takes. Bitcoin is an emerging store of value. You cannot ask it to emerge from nothing as mature as gold.

Imagine it in 2009 as a newborn. It is 100% speculation.

Now imagine it in 2050 or whenever, when every central bank owns it, and it’s as normal as… https://t.co/lTbMuGeWnG

— Matt Hougan (@Matt_Hougan) February 23, 2026

Hougan’s firm recently predicted that the top crypto asset would buck the four-year cycle and make a new all-time high in 2026. However, despite a rebound of 9% in the last two weeks, the top crypto asset remains more than 44% off its all-time high of $126,080 from last October as it recently changed hands around $70,245.

Skeptics may dismiss Bitcoin's chances, given the asset's ups and downs, but Hougan told Decrypt following the publication of his note that he believes the rise to $1 million will come with the leading cryptocurrency's continued maturation.

"I don't think its reasonable to ask Bitcoin to act like a fully mature store of value at this point in its journey," he said. "It's less than 20 years old!"

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