Global cryptocurrency market capitalization is trading 0.99% lower to $2.91 trillion. One trader marks $95,000 as a critical level for Bitcoin's weekly close, while another views the current phase as a correction.

Sacks' message came on the eve of the White House's first crypto summit, where Bitcoin is expected to feature prominently on the agenda.

Amid national chatter, the state of Texas edged closer to establishing its own Bitcoin reserve Thursday with a bill passing the Senate.

A metric tracking global liquidity and crypto markets suggests that the total market capitalization of the cryptocurrency sector could hit $4 trillion in the second quarter of 2025.

The Texas Senate passed a bill on March 6 to create a Bitcoin and cryptocurrency strategic reserve.

Stocks and crypto have been battered by the president's push to tax goods from America's largest trading partners.

Bitcoin is hardly giving bullish cues despite a BTC reserve potentially being announced by the US within 24 hours.

The Trump-backed World Liberty Financial also revealed plans to hold Sui, sending the price of that token surging Thursday.

David Sacks criticizes the U.S. government's lack of a long-term Bitcoin strategy, arguing taxpayers lost billions. Current U.S. government Bitcoin holdings stand at 207,189 BTC-mostly from law enforcement seizures.

Bitcoin and the altcoins selected for the US crypto strategic reserve could stay range-bound in the short term, barring a blockbuster announcement on March 7.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 400 points on Thursday. The Dow traded down 1.23% to 42,476.66 while the NASDAQ dipped 2.36% to 18,114.47. The S&P 500 also fell, dropping, 1.83% to 5,735.50. Consumer staples shares fell by ...

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