Crypto News

Jan van Eck, that most beleaguered of investment managers, confessed to CNBC’s Power Lunch on Monday that Bitcoin, that digital phantom of modernity, is teetering on the precipice of rebirth-or so he claims. With the weary sigh of a man who has seen too many markets rise and fall, he declared 2026 the year of Bitcoin’s “bearish reckoning,” a self-fulfilling prophecy woven into the fabric of a four-year cycle as predictable as the tolling of a funeral bell. One cannot help but marvel at the audacity of such certainty, as if the capricious whims of algorithmic traders and geopolitical tantrums could be bound by human arithmetic.

This demand zone, lazily lounging around $1,880, has proven to be both a sanctuary and a prison, offering support while simultaneously thwarting any immediate hopes of a price reversal.

Japan’s Prime Minister Sanae Takaichi used a post on X (formerly Twitter) on March 2nd to state she has no connection to the cryptocurrency called “Sanae Token.” She cautioned the public not to believe it has her official support, even though the token’s website says it isn’t endorsed by her. “I have no knowledge of this token, and my office hasn’t been informed about it either,” she wrote, adding that she wants to prevent the public from being misled.

On-chain data whispers that long-term holders, those stoic souls who’ve clung to BTC through thicker and thinner, have slowed their fire sale. This has big players speculating: Could $72,000 be the next pit stop if resistance finally crumbles? Or will we just keep circling this drain like a poorly aimed toilet flush?

The bounce was swift-so swift that Friday’s pause in momentum probably got a parking ticket for lingering too long. Crypto ETFs, now fully caffeinated, delivered a session so all-green it could double as a traffic light. The market’s recovery was so enthusiastic it might have accidentally created a new shade of optimism.

So, what’s the deal? The cup-and-handle pattern is still there, like that one friend who insists on holding onto their flip phone. But three signals that were basically your hype squad have ghosted you. Let’s break it down, shall we?

The majority, according to the X post, was used for ETPs and other investments via major cryptocurrency trading platforms. Traditionally, Ripple releases one billion XRP during the first days of every new month and then locks around two-thirds of it back into escrow. It’s like a never-ending game of musical chairs, but with crypto.

The larger-cap alts, those fickle companions, mirrored its frenzy, only to stall like actors forgetting their lines mid-performance. HYPE, that eternal optimist, clings to its gains, while XMR, poor soul, is bathed in crimson, a martyr to the market’s whims.

Core Scientific (NASDAQ: CORZ), a most industrious purveyor of blockchain infrastructure and Bitcoin mining, with a side of AI data centers, doth declare their intent to sell 2,500+ Bitcoin in Q1 2026. One might say they’ve traded their digital gold for the latest fad in artificial intelligence-a most fashionable pivot.

“I think the recent Iran situation puts the Fed even more on hold, more reluctant to cut rates than they were before this happened,” Yellen remarked via video at a conference in Long Beach, California, as reported by Bloomberg.