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WhiteBIT Nova surpasses 1 million transactions

WhiteBIT , the largest cryptocurrency exchange in Europe by traffic, has announced that WhiteBIT Nova, its crypto card supported by Visa , has processed over a million transactions, as per the reports shared with Finbold on Thursday, April 3. The numbers are a major milestone not only for WhiteBIT but the broader crypto industry , as they highlight the increasing adoption of digital assets as an everyday spending alternative to fiat. The growing adoption of crypto payment solutions By some estimates , nearly one in five crypto holders is expected to use digital assets for everyday purchases by 2026. The projections are expected given that over 560 million people now own crypto, meaning there is a vast potential user base for emerging crypto cards which incentivize adoption with enhanced privacy, simplified borderless transactions, the ability to convert digital assets into fiat, and various rewards. Another statistic worth noting is that the crypto credit card market, valued at $1.3 billion in 2024, is predicted to reach no less than $220.46 billion by 2033 — an annual growth rate of 8.6%. The most commonly spent digital currencies right now include USD Coin ( USDC ), Bitcoin ( BTC ), Ethereum ( ETH ), and WhiteBIT Coin ( WBT ), and they are used for a wide range of transactions, for example, on platforms like Spotify, YouTube , and PlayStation . Luxury retailers are also seeing significant engagement, although everyday grocery shopping, dining, and online subscriptions remain the most popular spending categories. Crypto card incentives Rewards like cashbacks remain the top incentive for crypto card adoption. For instance, grocery purchases account for the largest share of cashback (22.8%), followed by food and café spending (20.4%) at number two and subscription services (14.1%) at number three. This, among other reasons, is why 88.52% of WhiteBIT Nova users opt for the digital version of the card. The trend also aligns with the growing digital wallet adoption, which has been projected to grow by 53% from 2022 to 2026, reaching 5.2 billion users. The post WhiteBIT Nova surpasses 1 million transactions appeared first on Finbold . Bitcoin.com

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Bitcoin sell-off: 19k holders flee amid Trump trade war

President Trump’s ‘Liberation Day’ tariffs yesterday wiped roughly $140 billion from the cryptocurrency market within a matter of hours. Notably, the announcement of the new duties being imposed caused an immediate sell-off from short-term Bitcoin ( BTC ) holders. To be more precise, short-term traders sold a total of 18,930 Bitcoins in the immediate aftermath of the trade war’s latest chapter, per a chart shared on April 3 by noted crypto chart researcher Ali Martinez on X . The multicolored Spent Output Age Bands (SOAB) chart delineates liquidations based on position age. Traders who had been holding Bitcoin for one to three months sold 3,113 BTC, while those who had been holding for three to six months sold slightly less of the cryptocurrency — 2,737 Bitcoins, to be exact. However, the majority of the sell-off came from investors whose positions were six months to a year old (3,983 BTC) and between a year and a year and a half old (9,097 BTC). 18,930 #Bitcoin $BTC were sold by short-term holders last night, immediately after @realDonaldTrump announced new tariffs! pic.twitter.com/pONWoxV5a9 — Ali (@ali_charts) April 3, 2025 At the time of the liquidations (roughly 02:22 UTC), the leading cryptocurrency was trading at $82,794. Therefore, the total value of the Bitcoin sold amounts to approximately $1.56 billion. Is the market turning bearish on Bitcoin? Over the course of the last 12 hours, the long/short ratio of the world’s premier digital asset fell off sharply. Namely, in the preceding 12-hour period, long positions and short positions were evenly matched, with a 50.14% to 49.86% split in favor of long positions. However, by press time on April 3, the situation had changed drastically, with 55.32% of the positions opened in the past 12 hours being shorts, and 44.68% being longs. BTC long-short ratio chart. Source: CoinGlass At the time of writing, the cryptocurrency was trading at $81,910, having marked a 3.43% decline on the daily chart, and a 1.06% decline from the prices seen at the time of the Bitcoin sell-off seen on Martinez’s chart. BTC price 1-day chart. Source: Finbold With everything taken into account, the present atmosphere has taken a bearish turn — even notable BTC bulls like Robert Kiyosaki are shifting their focus to commodities like silver as a defensive measure. Lastly, caution and patience are advised — current conditions are not favorable for either investing or trading — and without a clear catalyst to stop the bleeding, it’s unclear when the downturn could begin to reverse. Featured image via Shutterstock The post Bitcoin sell-off: 19k holders flee amid Trump trade war appeared first on Finbold . Bitcoin.com