Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

If you invested $1,000 in Bitcoin when Trump took office, you’d now have this much

Thus far, Donald Trump’s presidency has been a mixed bag for the cryptocurrency market . Investors initially took Trump’s pro-crypto stances as a bullish signal. However, there has been a lack of clarity on proposed regulatory changes. The controversial launches of the President and the First Lady’s memecoins shook investor confidence . On March 2, Bitcoin ( BTC ) surged to $94,000 following the commander-in-chief’s announcement that a strategic cryptocurrency reserve would be created. Despite an initial wave of optimism, Donald Trump’s announcement of new tariffs on China, Canada, and Mexico on March 4 sent a shockwave through financial markets. This culminated in a risk asset sell-off that saw $80 billion wiped out from the crypto market within a day. Although there are plenty of silver linings to be found, and these pullbacks might very well turn out to be temporary, investing in Bitcoin when Trump took office would not have secured a profit as of March 5. Let’s take a closer look at the exact figures of this hypothetical trade. Bitcoin has seen a double-digit decrease in price since Donald Trump’s inauguration Donald Trump’s second term as President started on January 20. At the time, Bitcoin was trading at a price of $101,280. Since the time of Trump’s inauguration, Bitcoin has failed to break through to the upside in a meaningful manner, and recent developments have caused a sharp correction in the price of the leading digital asset. By press time on March 5, Bitcoin was changing hands at a price of $89,590. BTC price year-to-date (YTD) chart. Source: Finbold That figure equates to an 11.54% drop from January 20. Accordingly, a $1,000 investment made on the day that Donald Trump took office again would now be worth $884.60, with a net loss of $115.40. In contrast, at the time of the election, Bitcoin was trading at $68,290. Investors who made a $1,000 investment on that fateful November 5 day would have benefitted from a 31.19% surge, and their position would now be worth $1,311, for a $311 gain. Lastly, readers should note that per Secretary of Commerce Howard Lutnick, Donald Trump will reveal a strategy for his long-awaited Bitcoin Reserve at the inaugural White House Crypto Summit on Friday, March 7. While not many specifics are known at this time, the summit has the potential to set the tone not just for Bitcoin, but the wider cryptocurrency market going forward — and that tone could very well be bullish. Featured AI image from Shutterstock The post If you invested $1,000 in Bitcoin when Trump took office, you’d now have this much appeared first on Finbold . CoinOtag

---

Zircuit Launches Garfield Testnet with Cancun and Pectra Opcodes, Enhanced Prover

George Town, Grand Cayman, March 5th, 2025, Chainwire Zircuit is rolling out Garfield, its latest testnet, launching the week of February 24, 2025. This upgrade introduces full support for all Cancun opcodes, prepares for the Pectra upgrade, and delivers a high-performance prover capable of proving all blocks more efficiently. Garfield Testnet: Advancing Ethereum Scaling The Garfield testnet serves as a crucial testing ground for Pectra-related updates, set for Zircuit mainnet integration in March 2025. Key improvements include: Full Cancun Opcode Support – Developers can leverage the latest Ethereum Virtual Machine (EVM) enhancements for building and testing applications. Pectra Compatibility – Garfield is structured to designed to accommodate Pectra upon its activation on Ethereum seamlessly Enhanced Prover – A new, more powerful prover capable of validating all blocks, enhancing speed and scalability. Testing of the Proving Cluster – Garfield enables rigorous optimization and evaluation of Zircuit’s proving infrastructure. EIP-7702 Readiness – The testnet is equipped for EIP-7702, with a targeted update planned in the coming days. New Network, Fresh Setup Required Garfield is a brand-new network with no prior testnet history. Developers must update their configurations, including a new chain ID and RPC endpoint. The testnet features a dedicated bridge front end and block explorer: Chain ID: 48898 RPC Endpoint: https://garfield-testnet.zircuit.com Block Explorer: https://explorer.garfield-testnet.zircuit.com Bridge URL: https://bridge.garfield-testnet.zircuit.com All relevant details will be published in the official documentation before launch. Transition Plan: Sunsetting of Current Testnet The existing Zircuit testnet will sunset on May 31, 2025. Users must withdraw any Sepolia ETH or testnet assets before the transition. An escape hatch will be activated before sunset, allowing withdrawals after May 31, 2025. Garfield Update Coming to Zircuit Mainnet Zircuit will implement Garfield updates on the mainnet in March 2025, ahead of Pectra’s Ethereum mainnet activation. This transition will occur seamlessly, with no anticipated downtime or user action required. For real-time updates, users can follow @ZircuitL2 on X or join their Discord . Mainnet Enhancements: Faster RPC, Upgraded Explorer, and Improved Bridge Alongside Garfield, Zircuit is introducing significant improvements: New RPC Endpoints – A high-speed, low-latency RPC service enhancing stability. While current endpoints remain active, users are encouraged to migrate. Block Explorer Enhancements – Sourcify integration enables easier smart contract verification, boosting transparency. Revamped Bridge – The withdrawal process is streamlined, with further optimizations planned. Escape Hatch Deployment – An escape hatch feature will be connected to Testnet 1.0 before its sunset, ensuring decentralized permissionless withdrawals from Zircuit forever in case the sequencer is not available. Mainnet will be equipped with this functionality right after testing. Looking Ahead Zircuit remains committed to continuous innovation and seamless user experience. With the Garfield testnet, developers gain access to cutting-edge Ethereum upgrades, while users benefit from a faster, more robust mainnet infrastructure. More details, including EIP-7702 support and prover optimizations, will be shared soon. About Zircuit Zircuit : Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, users can visit zircuit.com , and follow their Twitter/X @ZircuitL2 Contact Head of Communications Jennifer Zheng jen@zircuit.com CoinOtag