NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

“Buy Bitcoin,” Says Messari CEO Amid Market Downtrend

Samuel Edyme
Samuel Edyme
1 year ago
4 mins read
SUI continues Rally

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

With the Bitcoin market never having a standard state given its volatility, several sentiments can be seen being expressed even at odd times such as the ongoing massive sell-off. Just as some are panic-selling, some are keen on standing their ground and buying more while also urging others to do the same.

Messari’s Chief Executive Officer and Founder Ryan Selkis seem to fall into the position of the latter. In one of his tweets posted on Thursday, the CEO advocated for the buying of Bitcoin despite the market downtrend. 

The CEO of one of the leading crypto analytics service providers in the industry tweeted, “Buy Bitcoin,” in what is interpreted as a buy signal to those who haven’t bought Bitcoin and existing Bitcoin holders to buy more as this could be one of the lowest price points we will ever see the top coin trade for in other years to come.

Related Reading

Bitcoin market sentiment

Buy Signal? Bitcoin Investor Sentiment Falls To Lowest Level In Two Months

1 year ago

Bitcoin Continous Downtrend

Regardless of the supposed buy signal, Bitcoin (BTC) hasn’t made any green move. Instead, it has continued to swim in red. Over the past 24 hours, the top crypto has fallen below the $20,000 mark and is currently trading at the $19,000 region with a trading price of $19,659, at the time of writing.

Bitcoin (BTC/USDT) price chart on TradingView
Bitcoin price is moving sideways on the 1-day chart. Source: BTC/USDT on TradingView.com

The crypto asset is down 9.2% in the last 24 hours and 16.2% in the past 7 days. This comes after a significant fall from the $23,000 region in the early dates of this month. So far, Bitcoin has a 24-hour range between a low of $19,662 and a high of $21,824.

Alongside its price, the BTC market cap has also plummeted. Its trading volume signals a huge sell-off indicating a possible continuous downward trend. Compared to early January when BTC recorded an increase in momentum indicating accumulation, March hasn’t been a pleasant month so far for the top asset. 

From January till now, BTC’s market cap has lost over $100 billion. Its market cap has fallen from a January high of $456 billion to $380 billion as of March 10. Interestingly, BTC’s daily trading volume has recorded the opposite of its market cap and price. 

Related Reading: Bitcoin Retests $20,000 In Violent Selloff: Will The Key Support Hold?

According to data from Coinmarketcap, at its peak so far this year of trading just above $25,000 in February, BTC had a daily volume of $33 billion. However, over the past 24 hours, BTC has recorded a higher trading volume of above $40 billion. 

Notably, this could be a result of the violent sell-off ongoing in the Bitcoin market following several negative news including the Silvergate fallout, as well as Kucoin getting sued by New York over the failure to register for approval to let investors in the state buy and sell crypto on its platform.

Global Crypto Market Condition

Negative news has only continued to intensify in the market as the global crypto market continues to demonstrate unpleasant reactions. Silvergate which offered the industry a payments network that allowed customers to exchange U.S. dollars between crypto exchange accounts 24/7 to match the liquidity needs of the crypto market suspended operations last week.

One of the leading crypto exchanges KuCoin has also had a rough Thursday after New York filed a lawsuit. Though the lawsuit is said to be more dangerous to Ethereum (ETH) as New York State Attorney General Letitia James mentioned ETH specifically among the securities laws KuCoin violated, it has also impacted the general crypto market significantly.

The total cryptocurrency market cap price chart on TradingView
The total cryptocurrency market cap price is moving sideways on the 1-day chart. Source: Crypto TOTAL Market Cap on TradingView.com

Between Thursday and Friday, the global crypto market capitalization has fallen below the $1 trillion mark, down by 8.7%. ETH has fallen below $1,400 support, down by 9.5% over the same period with a current trading price of $1,386.

Other larger altcoins in the market such as Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and Polygon (MATIC) have also fallen 7.5%, 7.4%, 4.5%, 10.4%, and 7.2% respectively in the last 24 hours.

Featured image from Unsplash, Chart from TradingView.
Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Crypto Bull Run: Probability Of Fed Rate Cuts In September Almost At 100%

Expectations surrounding possible rate cuts by the Federal Reserve in September are nearing peak levels, especially among crypto investors. Historically,...

Scott Matherson 8 hours ago
Altcoin

‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market

Bloomberg Exchange-Traded Fund (ETF) analyst James Seyffart shared his perspective on the long-awaited altcoin season and how it may differ...

Rubmar Garcia 9 hours ago
Bitcoin

Old Bitcoin Supply Keeps Moving Into ETFs: Data Shows Three Waves So far

On-chain data shows the Bitcoin spot exchange-traded funds (ETFs) have seen three waves of major inflows from the veteran hands...

Keshav Verma 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

SUI Price

SUI Price To $7? Analyst Predicts Altcoin’s Path To New ATH

Opeyemi Sule 1 hour ago
Bitcoin

Bitcoin Cycle Peak May Extend Into 2026, Decay Model Shows

Semilore Faleti 2 hours ago
Thumzup

Trump-Tied Thumzup Raises $50M, Merges Dogecoin Mining With XRP Plans

Christian Encila 5 hours ago

Premium Sponsors

Press Releases

  • 50万ドル調達の新興プロジェクトが次の大型ミームコイン候補に浮上

    ...

    18 hours ago
  • イーサリアム売却後に注目される次のアルトコイン投資先4選

    ...

    18 hours ago
  • アルトシーズン前に投資候補となる仮想通貨プレセールの紹介

    ...

    19 hours ago
  • 仮想通貨おすすめ:市場回復期に注目すべき銘柄リスト

    ...

    19 hours ago
  • 今日注目すべき1ドル未満の新しい仮想通貨 ― 9月6日版

    今日注目すべき1ドル未満の新しい仮想通貨...

    19 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.