Crypto
Crypto Price Today: Bitcoin holds above $60k but down 1.5%. Ethereum, BNB, Solana, Dogecoin, others fall up to 4%
Altcoins Tron, Avalanche and Toncoin were trading in the green and gained up to 1.2%.
Source: CoinMarketCap
Selling pressure in BTC has decreased amid heightened trading activity with majority of orders on exchanges being floated by buyers according to Taker Buy-Sell Ratio which is now above 1, Vikram Subburaj, CEO, Giottus Crypto Platform, said, adding that crypto’s Fear & Greed Index has rebounded to 40 after hitting a yearly low of 30 on Tuesday.
BTC surged to $62,322 supported by inflows of $31 million in US spot bitcoin ETFs, which offset recent outflows, Sathvik Vishwanath, Co-Founder & CEO, Unocoin said. The crypto market witnessed another session of volatility as BTC slipped below the $61,000 level due to heavy liquidations on defi platforms, Shivam Thakral, CEO of BuyUcoin observed. Citing data from Coinglass, Thakral said that Bitcoin spot ETFs saw an inflow of $31 million on Tuesday, ending a seven-day streak of outflows. “This shows that institutional buying is on the higher side. The bullish sentiment is expected to continue on Friday as bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion are set to expire on the Deribit, a crypto derivatives exchange,” he opined.On the performance of other cryptos, Vishwanath of Unocoin highlighted BlackRock’s IBIT exceeding $1 billion in trading volume, signaling strong institutional interest.
On the outlook of BTC, he said that despite the positive trading, the ebbs and flows of the GBTC market were putting pressure on BTC. He sees resistance at $63,440 while support at $60,620. Technical indicators such as RSI at 45 and 50-day EMA at $61,960 suggest a cautious outlook below $62,510, he opined.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.
Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.
Americans lost over $330 million to scams involving crypto-kiosks in 2025.
As amended; the bill that passed the assembly would:
- set daily transaction limits at $1,000
- require cryptocurrency-kiosk operators to provide users with receipts
- implement consumer-identification measures for every transaction
- allow scam victims to receive refunds
“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”
Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.
Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.
“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”
The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.
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