WCT (WalletConnect) Available Now on the Bitget Pre-Market exchange.
Here are some key observations:
1. Pre-Market Status:
WCT is currently in progress, meaning it is available for pre-market trading but not yet fully launched.
2. Current Price & Change:
The last recorded price is 0.328 USDT, with a 5.8% increase.
3. Market Data:
24h Total (USDT): 24.65K
Total Volume (USDT): 1.77M
Trading Time (UTC+5): Started on February 19, 2025, at 08:00 and is still pending final market activation.
4. Order Book:
Multiple buy orders exist between 0.325 USDT and 0.329 USDT, with significant volume at 0.327 and 0.328 USDT.
5. Deposit & Delivery:
Deposits are open, but the exact delivery time is still pending.
Possible Strategies for Traders:
Buying Early: If you anticipate a price surge post-listing, entering now could be beneficial.
Waiting for Confirmation: Given that delivery is pending, some traders may prefer to wait until the official market launch.
Short-Term Trading: The fluctuating pre-market prices allow for quick trades before full liquidity enters.
$AB Shows Strength with a 4.84% Surge! Can Bulls Maintain Momentum?
$AB is currently trading at $0.013030, reflecting a +4.84% increase over the past 24 hours. The token saw a high of $0.013493 and a low of $0.012406, indicating increased volatility.
🔹 Market Overview:
✅ 24h Volume: 820.63M AB, showcasing strong trading activity.
✅ Order Book Sentiment: 99% buyers vs. 1% sellers – An extremely bullish signal.
✅ Moving Averages: Price is above the MA(5), MA(10), and MA(20), confirming an uptrend.
🔹 Key Levels to Watch:
Support: $0.012406 – This is the lowest price in the last 24 hours. A breakdown below this could trigger a correction.
Resistance: $0.013493 – The recent high. A breakout above this level could lead to further upside.
🔹 What’s Next?
With a 99% buy-side dominance, buyers are currently in control. If the momentum continues, $AB could push past $0.0135 and target new highs. However, a retracement could occur if buying pressure weakens. Watch for a retest of the $0.0126-$0.0128 range for potential entry points.
Will $AB continue its bullish breakout or face resistance? Drop your thoughts below!
The US Government’s Liquidation of High-Value Crypto Could Net Another 5,000 BTC
This week, the crypto community has been engaged in discussions regarding President Trump’s newly established Strategic Bitcoin Reserve alongside a U.S. Digital Asset Stockpile. The development follows Trump’s disclosure on Truth Social the weekend prior that XRP, SOL, and ADA would join the mix. The peculiar detail is that the U.S. government has not seized XRP, SOL, or ADA in any recognized capacity.
After Donald Trump signed the Strategic Bitcoin Reserve Executive Order (EO), the nation’s Crypto Czar, David Sacks, turned to X to elucidate several details about the EO. Sacks stressed that a bitcoin reserve would be established and that the U.S. government would not sell any of the confiscated coins it has acquired. He also stated that Trump’s EO establishes a U.S. Digital Asset Stockpile, “consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.”
Sacks continued:
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
This puts ADA, XRP, and SOL in a precarious position, given that the U.S. government—though never publicly confirmed—holds these three assets. Onchain analytics and reports fail to indicate that these particular coins have ever been in government custody following previous seizures. What is documented is the onchain bitcoin confiscated and publicized by government entities over the years, with onchain data revealing just over 198,000 BTC ($16.26B) in state possession.
The U.S. government’s cache of digital assets on March 9, 2025, according to onchain data compiled by Arkham Intelligence.
The feds possess 60,850 ETH, valued at $122.96 million at current bitcoin exchange rates, and this cache might be liquidated for 1,522.86 BTC. In addition, it retains another 122 million USDT, which could yield roughly another 1,500 BTC or so. Moreover, the government holds a reserve of wrapped bitcoin (WBTC), securing 750.722 WBTC valued at $61.69 million. Since it is wrapped, it may remain in that form or be converted back to native BTC.
The feds also hold 40,293 BNB, worth $22.34 million, which could be incorporated into the stockpile or liquidated for 276.86 BTC. The U.S. agencies’ wallets further command $13.62 million in BUSD, a now-retired stablecoin that remains redeemable. If sold and exchanged for BTC, the feds could garner an additional 168.76 BTC. The government additionally holds $13.40 in AUSDC, which could be exchanged for approximately 166.08 BTC. Collectively, the balances exceeding $1 million (apart from AUSDC) amount to $49.97 million, and if liquidated at current BTC exchange rates, could yield 619.27 BTC.
This implies that if the government liquidated every coin from ETH down to all balances of $1 million and above, it could fetch 5,004.55 BTC. Trump’s Crypto Czar already noted that some crypto assets could be reallocated into BTC for better portfolio management.
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White House: US Lost $17B Dumping Bitcoin—Trump Vows to Never Sell
The White House has stated that past U.S. government bitcoin sales have cost taxpayers over $17 billion. This revelation was outlined in a White House fact sheet released on March 6, detailing the formation of a strategic bitcoin reserve, established through an executive order by President Donald Trump.
“Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion,” the document states.
White House AI and Crypto Czar David Sacks also highlighted this issue in a post on social media platform X on March 6. He wrote:
Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.
Sacks explained that he obtained this information from Grok, X’s AI chatbot, after querying the U.S. government’s history of bitcoin sales. His inquiry sought specific details on the timing of the sales, the amounts involved, the revenue generated at the time, and how much the holdings would be worth today had they not been liquidated.
The discussion surrounding the U.S. government’s bitcoin strategy has reignited debate over long-term cryptocurrency policies. With the creation of a strategic bitcoin reserve, future administrations may approach digital asset management differently.
Speaking at the first-ever White House crypto summit on March 7, Trump criticized past bitcoin sales, particularly those made during the Biden administration. He opined: “Unfortunately, in recent years, the U.S. government has foolishly sold tens of thousands of bitcoin that were worth billions and billions of dollars had they not sold them. But they did sell them, mostly during the Biden administration—not a good thing to have done.” The president stressed:
From this day on, America will follow the rule that every bitcoiner knows very well: never sell your bitcoin.
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Bitcoin Dips to $80K Shedding $110B From It’s Market Cap in 24 Hours
On March 9, 2025, bitcoin’s (BTC) price dipped to an intraday low of $80,000, a 6.6% drop against the greenback. At press time, 7:35 p.m. ET on Sunday, the price remains near the $80,500 level, carrying a market cap of roughly $1.59 trillion. Since Friday, BTC’s market valuation has been trimmed by roughly $200 billion, with $110 billion of that reduction occurring within the last 24 hours. BTC’s price also saw a decrease of about $6K. This weekend’s decline in bitcoin’s price was shaped by market responses to President Trump‘s executive order on the Strategic Bitcoin Reserve, a move that left investors disheartened.
BTC/USD 1H chart Bitstamp on March 9, 2025.
Indications suggest that prevailing economic uncertainties, including U.S. tariff wars, have also played a role in the price fluctuations. Experts anticipate that short-term adjustments might continue until mid-April, propelled by a stronger U.S. dollar and Federal Reserve policies. Today, $201 million in BTC long positions were liquidated, and within the broader crypto economy, $582.86 million were eliminated, including $522.95 million in long positions. In addition to BTC, alternative digital assets like SOL, ETH, XRP, and DOGE shuddered alongside the leading crypto asset. The crypto market economy now stands at $2.65 trillion after losing 6.42% today.
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