Coin Telegraph

Strategy’s Bitcoin purchasing strategy has sparked debate and spawned copycats worldwide.

Strategy (MSTR) shares have fallen 30% since its executive chairman and former CEO, Michael Saylor, was featured on the cover of Forbes, according to stock price data from Yahoo Finance.

Between Jan. 30 and March 10, Strategy’s shares dropped from $340.09 to $238.25. The tumble includes a 17% decline on March 10 amid the wider sell-off in the tech stock market.

Strategy one-day stock price. Source: Yahoo Finance

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Crypto executives are still waiting for detailed guidance from the White House on issues like securities regulation and taxation.

The cryptocurrency industry will benefit more from US regulatory clarity than from President Donald Trump’s plan to create a national Bitcoin (BTC) reserve, several cryptocurrency executives told Cointelegraph. 

Trump’s March 6 executive order creating a US strategic Bitcoin reserve and a separate digital asset stockpile for altcoins left crypto industry executives underwhelmed. 

Meanwhile, they are still waiting for the White House to provide detailed guidance on issues like securities regulation and taxation, the executives said. 

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The move expands on the exchange’s existing derivatives products for US residents, with competition coming from established players such as the CME Group and Robinhood.

Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations.

According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.”

Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures lack a date for the buying and selling of an asset, they are called perpetual futures, or “perpetuals” for short.

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The Bitcoin mining company has seen its profitability surge over the past year thanks to efficiency gains and rising BTC values.

Bitcoin miner CleanSpark will join an important benchmark for US small-cap stocks, underscoring the company’s recent string of profitability despite industry volatility following the April 2024 halving. 

Beginning March 24, CleanSpark’s stock will be included in the S&P SmallCap 600 Index. As the name implies, the index measures the performance of small US companies that meet specific liquidity and stability criteria. 

As of March 2025, the index’s constituents must have a market capitalization of between $1.1 billion and $7.4 billion, maintain a public float of at least 10% of shares outstanding, and have positive trailing earnings for four consecutive quarters. 

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The Movement Network concurrently launched its public mainnet beta. The MOVE token has a fully diluted value of nearly $5 billion.

Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement. 

The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said. 

It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.” 

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The X social media platform experienced several outages on March 10, with users struggling to access the site.

The X social media platform has been hit with a “massive cyberattack” that has prevented some users from accessing the site, platform owner Elon Musk confirmed on March 10.

“We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk said.

Source: Elon Musk

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Bitcoin price weakness continues as stocks suffer amid a fresh Wall Street sell-off and $80,000 support begins to crumble — traders are now eyeing RSI signals.

Bitcoin (BTC) sought a rematch with multimonth lows on March 10 as familiar selling accompanied the start of Wall Street trading.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around 4% on the day to reach $79,170 on Bitstamp.

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Thailand’s SEC had previously approved Bitcoin, Ether, XRP, XLM and certain tokens used for settlement by the central bank.

The Thailand Securities and Exchange Commission (SEC) has approved Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country.

Thailand’s SEC announced the approvals last week after soliciting feedback from the public on proposed regulatory changes that were finalized in February and scheduled to go into effect on March 16.

As Cointelegraph previously reported, there have been growing calls within Thailand to legitimize cryptocurrency usage and urge stablecoin adoption to boost domestic revenue. This followed the creation of a regulatory sandbox in August 2024 for select service providers to experiment with cryptocurrencies.

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Bitcoin risks a fall below the critical $78,258 support, opening the doors for a further fall to $73,777.

Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels.

Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be much better than the recent performance of Bitcoin.

However, not everyone is bullish on Bitcoin in the near term. BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said in a post on X that Bitcoin could retest $78,000 and even below $75,000.

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Ethereum outflows have surged to their highest levels since 2022. However, ETH price must reclaim the key weekly EMA level to confirm a potential bottom.

Ethereum’s native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months.

Ethereum 1-day chart. Source: Cointelegraph/TradingView

In the past 83 days, it declined by 51%, translating to an average daily loss of approximately 0.61%. If the losses are compounded daily, the rate increases to about 0.84%.

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