Space Token presyoSPACE

What Is #Hyperliquid ($HYPE)? Is this the next big thing in on-chain trading, or just another name in the crypto space? 🤔 Everything you need to know. ⬇️ 📖

Despite the recent volatility in crypto markets, the long-term potential of digital assets remains strong. Brett Reeves, Head of Go Network and European Sales at BitGo, who manages institutional digital asset infrastructure at the company, expressed this sentiment in a note to crypto.news. He reflected on the current market downturn while highlighting ongoing advancements in technology and regulation. “Market volatility in recent weeks has revived the voices of crypto doubters who feel vindicated by recent declines in asset prices,” said Reeves. “But for those innovators and believers in the technology and asset class, there’s much more to just falling prices.” Reeves pointed out that market fluctuations are not new to the crypto industry and that the sector has experienced similar declines before without stalling its progress. He also touched on significant advancements in product development and, more crucially, regulatory developments on a global scale. According to Reeves, the White House Crypto Summit was a major step forward, marking a significant shift in the U.S. government’s approach to digital assets. The summit strongly showed a move toward regulatory clarity and institutional adoption, signaling a growing commitment from the current administration to engage with the crypto industry. “The recent downturn in crypto markets aligns with broader financial market trends,” Reeves added. “Major indices have experienced notable declines, with technology stocks, often referred to as the ‘Magnificent Seven,’ suffering double-digit losses.” Factors contributing to this include global uncertainties such as trade tariffs, the Ukraine conflict , and concerns surrounding China’s real estate sector. Reeves also noted that the U.S. faces the challenge of refinancing approximately 25% of its national debt in 2025, which could impact markets. However, the likelihood of rate cuts to ease refinancing could also benefit risk assets, including crypto. Despite these challenges, Reeves highlighted several key developments in the crypto industry, such as the creation of a U.S. Crypto Strategic Reserve, the recognition of stablecoins and Real-World Assets , and the implementation of EU MiCA regulations. He also pointed to the Office of the Comptroller of the Currency’s decision to authorize banks to engage with crypto assets. “These advancements, which seemed aspirational just a year ago, reflect a rapidly evolving landscape where digital assets are becoming increasingly integrated into the global financial system,” Reeves concluded. “So, while prices may be crashing for now, we must remember how far we’ve come and the immense potential that lies ahead for the crypto space.”

This is very true. Yet this space completely warps your sense of monetary value. You need to respect every dollar (note to self the next time the market pumps).

Metaplanet has continued its Bitcoin acquisition strategy by purchasing 162 Bitcoins worth $13.5 million. The latest acquisition takes the company’s total Bitcoin holdings to 3,050 BTC, valued at approximately $253.7 million as of March 12, 2025. The purchase was made at an average price of $83,123 per Bitcoin, confirming Metaplanet’s strong commitment to Bitcoin as a future store of value. This latest addition further solidifies the company as a significant BTC owner and adds to its expanding cryptocurrency treasury. The latest acquisition is part of Metaplanet’s strategy to strengthen its Bitcoin holdings. The company’s total Bitcoin assets have reached $253.7 million, with an average purchase price of $83,180 per BTC. This approach has been highly effective in generating returns, as Metaplanet’s Bitcoin holdings have provided a 53.2% year-to-date yield. Related: Strategy (Formerly MicroStrategy) Launches $2.1 Billion Share Sale to Fund Further Bitcoin Acquisitions Beyond direct acquisitions, Metaplanet is taking measures to fund future Bitcoin purchases. The company announced that its Board of Directors has approved issuing its 8th Series of Ordinary Bonds to EVO FUND, amounting to JPY 2 billion (approximately $18.2 million). The proceeds are intended for further Bitcoin acquisitions, following the regulations in Metaplanet’s January 28, 2025, notice regarding stock acquisition rights. This move echoes similar efforts by other companies in the space, including MicroStrategy, which recently disclosed plans to raise $21 billion for Bitcoin purchases. These acquisitions often result in reduced circulation, creating upward price pressure as demand persists. Despite facing some selling pressure in recent weeks, Bitcoin has seen accumulation by large holders. Over the past 30 days, according to CryptoQuant data , Bitcoin whales have added more than 65,000 BTC to their positions, showing continued interest in the cryptocurrency despite short-term market corrections. As of the time of writing, Bitcoin was trading at $82,388.16, marking a 1.27% increase over the last 24 hours. The market capitalization stands at $1.63 trillion, with a trading volume of $47.24 billion, a 20.84% decrease from the previous period. Related: Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin Further, Bitcoin’s circulating supply is 19.83 million BTC, with a total supply cap of 21 million BTC, highlighting its scarcity. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The crypto market has seen a steep decline in the last month, with Bitcoin (BTC) dipping below the $80,000 level. This had a cascading effect on other cryptocurrencies, including Dogecoin (DOGE). In the last 24 hours, the worldwide crypto market capitalization has dropped by 4.8%, standing at $2.71 trillion. Dogecoin has not escaped, posting an 8.3% slide in daily graphs, a week-on-week slide of 17.9%, and a plunge of 24.3% in both 14-day and monthly charts. International economic uncertainties have shaped the current market correction, with rising trade tensions being the major driver. The United States has imposed new tariffs on several trading partners, including the European Union (EU), which retaliated with threats of countermeasures. This nascent trade war has caused investors to withdraw from high-risk assets, such as cryptocurrencies like DOGE. Despite the bearishness, there were remarkable events in the U.S. that may benefit the crypto market. The U.S. government recently announced plans to create a Bitcoin reserve and digital asset stash, a move that has the potential to spur growth in the crypto industry, as highlighted in our previous story. Nonetheless, investor confidence is low, and traders remain cautious, hindering any possible recovery for assets such as Dogecoin. Amidst this chaos, the DOGE price plunged 7.33%, trading at $0.1616 on Tuesday, March 11. Whilst, the meme coin’s market capitalization dropped to $24.09 billion, according to data from CoinMarketCap. Furthermore, the derivatives market showed negative signs as DOGE futures open interest dipped 3.04% to $1.35 billion, according to Coinglass . Market experts continue to be split about Dogecoin’s short-term path. Crypto analytics platform CoinCodex has estimated a possible spike for the DOGE price, predicting the asset to hit $0.604066 on April 6. If so, it would be a near 300% rise above current levels. Nevertheless, specialists warn that such a strong price rise would likely be brief. CoinCodex indicates DOGE might see a correction when reaching the $0.60 point, from where it wouldn’t be able to sustain such gains for too long. Speculations about the potential rally continue as macroeconomic circumstances still place pressure on the overall crypto space. A number of things may keep Dogecoin from reaching its expected breakout. The ongoing global trade conflicts have instilled uncertainty in financial markets, making it tough for digital assets. Moreover, macroeconomic issues, including inflation and monetary policy choices, continue to affect investor sentiment. However, any positive development on Dogecoin ETF could lead to a major rally for the meme coin, as featured in our recent coverage. Although DOGE has traditionally exhibited extreme volatility and erratic price movements, whether it can maintain an upward trend is unknown. Until economic conditions settle down, the direction of Dogecoin’s price will most probably be based on outside economic trends and investor sentiment in the crypto market.