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Bitcoin (BTC) gave up early gains as the price dropped after reaching $84,639 earlier today. BTC looked to be on the brink of reclaiming $85,000, but price action turned bearish, with the flagship cryptocurrency dropping to $81,745 before rising above $82,000 and moving to its current level of $82,350. BTC has been marginally up over the past 24 hours, with price action relatively flat after the flagship cryptocurrency lost momentum around $84,500. Genius Group Temporarily Banned From Buying Bitcoin Genius Group, a Singapore-based artificial intelligence firm has announced it has been temporarily banned from buying more Bitcoin after a US court order barred the company from selling shares, raising funds, and using investor funds to buy more of the asset. The preliminary injunction and temporary restraining order (TRO) were issued by a New York District court in connection with a broader dispute regarding its merger with Fatbrain AI. Fatbrain AI and Genius Group completed a merger and purchase agreement in March 2024. However, on October 30, Genius initiated arbitration proceedings to terminate the agreement alleging fraud by Fatbrain AI executives connected to the deal. “Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it is being forced to sell its Bitcoin Treasury after having been blocked from selling shares or raising funds, and specifically from using investor funds to buy Bitcoin by the United States District Court Southern District of New York (SDNY).” Fatbrain AI executives Michael Moe and Peter Ritz filed for a TRO and permanent injunction in February, preventing Genius from selling shares, raising funds, and buying more BTC . The injunction forced Genius Group to close divisions, halt marketing activities, and sell 10 BTC from its stash of 440 to fund operations. The firm has not ruled out more sales of Bitcoin. “Genius is taking all necessary measures to minimize Bitcoin sales but anticipates that it will need to downsize its Bitcoin Treasury in the coming months in the event the PI remains in place.” Fatbrain AI shareholders also filed two lawsuits against Fatbrain AI executives, including Moe, Ritz, and Genius, alleging violations of federal securities laws in connection with the merger. However, Genius Group has stated the injunction forced it to break Singapore law by halting employee compensation. “We never dreamed that it was possible that a US court could block the company from being able to issue shares, raise funds, or buy Bitcoin — all actions that would normally be decided by a public company`s shareholders or Board rather than a court.” Japanese Gaming Firm Enish Announces Bitcoin Investment Japanese game developer Enish has announced a strategic investment of 100 million yen ($660,000) in Bitcoin . The purchase is set to be completed between April 1 and April 4. The acquisition is part of a broader initiative to deepen the company’s understanding of blockchain technology and enhance its game development capabilities. The game developer plans to integrate crypto assets into its financial strategy while leveraging BTC’s liquidity, market stability, and potential long-term growth. The company also plans to allocate a portion of its liquid funds to Bitcoin, conduct quarterly market valuations of its Bitcoin assets, and include any gains or losses in its financial statement. It has also pledged to disclose any significant market event that could impact its performance. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is back in the red during the ongoing session after giving up most of the day’s gains and trading marginally down at $83,200. BTC attempted a rally during the ongoing session but could only push to the 20-day SMA before losing momentum. BTC’s price action indicates its growing correlation with the traditional markets as governments and major institutions ramp up their interest in the asset. Block CEO Jack Dorsey weighed in on Bitcoin’s popularity with governments and institutional investors, warning about the increasing influence of these institutions over the flagship cryptocurrency. Dorsey stated that while institutional adoption of Bitcoin was bound to happen, it could impact the cryptocurrency’s foundational principles. Dorsey also warned that becoming solely a store of value could reduce Bitcoin`s usefulness in regular transactions. BTC started the previous week on a bullish note, rising to an intraday high of $88,839. However, it lost momentum after encountering selling pressure and volatility. As a result, BTC registered marginal declines on Tuesday and Wednesday, slipping below $87,000 and settling at $86,942. The price registered a marginal increase on Thursday to reclaim $87,000 and settle at $87,236. Bearish sentiment returned on Friday as BTC plunged below the 200-day SMA and $85,000 to settle at $84,422. Price action remained bearish over the weekend as BTC fell over 2% on Saturday and 0.36% on Sunday and settled at $82,404. Source: TradingView The flagship cryptocurrency encountered volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase and settled at $82,511. Bullish sentiment intensified on Tuesday as BTC rose over 3%, moving past the 20-day SMA and $85,000 and settling at $85,150. The price surged to an intraday high of $88,624 on Wednesday as bullish sentiment intensified in the leadup to Trump’s Liberation Day speech. However, sentiment turned bearish, and BTC fell over 3%, slipping below the 20-day SMA and $85,000 and settling at $82,535. BTC recovered on Thursday despite overwhelming selling pressure, rising almost 1% to $83,199. The current session sees BTC marginally down as buyers and sellers struggle to establish control. The RSI is just under the neutral zone, while the MACD has a slight bullish bias, indicating buyers have the upper hand. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Uncorrelated and Unshaken: Bitcoin Gains Favor as Wall Street Crashes
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Ethereum at $3,500—But Traders Are Buying XRP and MAGACOINFINANCE
Ethereum (ETH) has reclaimed the $3,500 mark, and while that would usually dominate headlines, savvy investors are shifting focus elsewhere. XRP and MAGACOINFINANCE are now the talk of trading circles, drawing buyers looking for bigger upside and stronger positioning heading into mid-2025. Still, tokens like ADA, SUI, and AVAX remain key components in the broader market conversation, maintaining their growth and development cycles. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X MAGACOINFINANCE – Traders Piling In Before Listings Begin MAGACOINFINANCE is nearing the final phase of its offering—and it’s quickly turning into one of the most anticipated launches of the year. With more than $4.8 million raised and a current price of $0.0002757, the value gap versus its confirmed $0.007 listing price is creating serious demand. What sets MAGACOINFINANCE apart is its no-nonsense tokenomics: a 100 billion token cap, zero insider allocations, and a public-only distribution model. It’s built to last and structured to scale. No early dumps, no surprise vesting schedules—just straightforward access and opportunity. Its growing reputation has brought in traders from all corners, many of whom are now stacking early allocations before the last tokens are gone. For investors still on the sidelines, this is a last-chance moment before the token enters public markets. CLICK HERE TO JOIN THE BILLION DOLLAR PROJECT GRAB YOUR BONUS – 50% MORE WITH CODE MAGA50X The exclusive MAGA50X bonus code is still available. It gives every buyer 50% more tokens instantly—making it one of the best value entries in the market right now. As allocation winds down, this bonus is expected to end soon. ADA, ETH, AVAX, and SUI Continue Driving Ecosystem Value Cardano (ADA) is trading at $0.62, staying committed to its slow-and-steady research-first model. Ethereum (ETH) has pushed past $1,890.00, leading smart contract innovation across Web3. Avalanche (AVAX) sits at $41.18, offering scalable multi-chain performance and growing adoption. SUI remains a strong Layer-1 contender with rising developer activity and adoption. JOIN A BILLION DOLLAR PROJECT — THIS IS YOUR EARLY ENTRY BEFORE EXCHANGE LAUNCH Conclusion As Ethereum continues to lead in infrastructure, traders are watching where the new momentum is headed—and right now, that spotlight is on XRP and MAGACOINFINANCE. With strong structural foundations and active participation across communities, MAGACOINFINANCE is becoming one of the most talked-about early-stage projects in 2025. ADA, SUI, and AVAX remain in the game, but the real move might be unfolding right now. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum at $3,500—But Traders Are Buying XRP and MAGACOINFINANCE Bitzo
