{"id":18484,"date":"2025-03-21T14:47:03","date_gmt":"2025-03-21T14:47:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18484"},"modified":"2025-03-21T14:47:03","modified_gmt":"2025-03-21T14:47:03","slug":"latest-bitcoin-news-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18484","title":{"rendered":"Latest Bitcoin News Today"},"content":{"rendered":"
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The BTC price is trading at a three percent loss today, March 21st. In the following, we take a look at some of the most important Bitcoin news of the past couple of days.<\/p>\n

Bitcoin and US interest rates: is there a correlation?<\/strong><\/h2>\n

Do changes in US interest rates impact Bitcoin\u2019s price and how? According to a recent report<\/a> by Santiment, it does. Since 2022, aggressive rate hikes have been the reason for increased volatility in both traditional and crypto markets.<\/p>\n

For example, back in June 2022, when the US Federal Reserve decided to hike rates for the first time since 2018 in a bid to combat growing post-COVID inflation, the price tanked by 18%. On the other hand, in December 2024, when the opposite happened and the Fed decided to cut rates by 25 basis points, Bitcoin\u2019s price increased by 15%.<\/p>\n

In conclusion, the monetary policy of the US Federal Reserve has and will likely continue to impact the price of BTC, and by extension \u2013 that of the rest of the market.<\/p>\n

BTC price uncertainty in the past 24 hours<\/strong><\/h2>\n

Throughout the past 24 hours, Bitcoin\u2019s price went<\/a> on somewhat of a rollercoaster. It achieved a two-week high at around $87,500 during the early-morning trading session but later declined to below $84,000, where it\u2019s trading at the time of this writing.<\/p>\n

Its market capitalization currently stands at roughly $1.7 trillion according to data from CoinGecko. Its dominance \u2013 the metric which tracks its share relative to that of the rest of the market \u2013 took a minor hit and declined to about 58.4%.<\/p>\n

Bitcoin futures open interest takes a hit: what does it mean?<\/strong><\/h2>\n

Futures open interest measures the total of all opened futures positions in the derivatives market. According to a recent analysis by the popular research firm Glassnode, it has declined<\/a> substantially over the past two mnoths \u2013 from $57 billion to $37 billion.<\/p>\n

This decline is indicative of reduced speculation as investors hedge against the ongoing volatility and hightened uncertainty within the Bitcoin market.<\/p>\n

More specifically, this decline is also aligned with a broader contraction in on-chain liquidity, which indicates a sizeable shift towards risk-off behavior.<\/p>\n

The controversial Bitcoin whale on Hyperliquid uncovered by ZachXBT<\/strong><\/h2>\n

Over the past weekend, a Bitcoin whale made headlines when they famously opened a massive short position through futures contracts on the popular decentralized trading platform Hyperliquid.<\/p>\n

According<\/a> to well-known crypto sleuth ZachXBT, the identity of this whale is no other than William Parker \u2013 a UK individual linked to a $1 million casino theft, as well as other hacking scandals.<\/p>\n

Recall that he allegedly manipulated the crypto market and profited around $20 million using extremely high leverage to open positions worth hundreds of millions of dollars.<\/p>\n

Bitcoin\u2019s hot supply craters 50% in three months: should you care?<\/strong><\/h2>\n

Have you heard of Bitcoin\u2019s \u2018hot supply\u2019? Well, these are coins that are aged one week or less. According to a recent analysis by Glassnode, this supply has decreased<\/a> by more than 50% in the past three months alone, dropping from 4.9% to 2.8% of the total circulating supply.<\/p>\n

What does it mean? Well, it suggests that fewer BTC are being actively traded, potentially indicating that investors are holding.<\/p>\n

A trend such as this one could also lead to reduced market volatility and even spark a bullish reversal, should buying pressure amplify.<\/p>\n

The post Latest Bitcoin News Today<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The BTC price is trading at a three percent loss today, March 21st. In the following, we take a look at some of the most important Bitcoin news of the past couple of days. Bitcoin and US interest rates: is there a correlation? Do changes in US interest rates impact Bitcoin\u2019s price and how? According […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18484","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18484"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18484\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}