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Tether's Treasury holdings bolster U.S. debt resilience, CEO claims At a recent Bitcoin Policy Institute event, Tether $USDT CEO Paolo Ardoino said that the company currently holds about $115 billion in U.S. Treasury bonds. Sharing a video clip of his speech on X, Ardoino expressed his belief that Tether's investment makes U.S. debt much more resilient.

Metaplanet to issue 2B yen in 0% bonds for $BTC acquisition Metaplanet, a publicly listed Japanese company investing in Bitcoin (BTC), announced on X that it will issue 2 billion JPY ($13.4 million) in zero-interest ordinary bonds to secure funds for additional Bitcoin purchases.

While panic selling has seen Bitcoin’s price slip below $80,000, whales looking to leverage the potential opportunity have aggressively accumulated over 65,000 BTC. On Mar. 11, as Bitcoin ( BTC ) struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month. CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than 65,000 BTC. “Although this does not mean immediate effects on the short-term price, it already demonstrates absorption by large participants, excluding miners and exchanges,” Cauê Oliveira, head of research and on-chain analyst at BlockTrends, noted. A continuation of this accumulation pattern over the coming weeks will signal upside demand from large holders. Whale buying has often signaled a bullish outlook, and in the recent past, it mirrors the accumulation seen ahead of the bull cycle run last November and December. However, downside action may not be over yet. Bitcoin miners have increasingly come under selling pressure as BTC dips. After hitting an all-time high of $109K, Bitcoin has struggled with downside pressure. Key bounces have stalled at supply reload zones, including the psychological $100K level. This weakness has turned miners into “ forced sellers ,” adding to the downward trajectory. With markets reacting negatively to tariffs and other developments, analysts say Bitcoin could dip further. Notably, Bitcoin has retested support levels below $78K, with a bloodbath likely if it flips lower to touch $75K. Arthur Hayes, the co-founder and former chief executive officer of BitMEX, suggested that the flagship cryptocurrency could revisit the $70K area. This would represent a 36% correction from Bitcoin’s all-time high, he noted. Nonetheless, Hayes remains bullish long term, viewing the dump as a chance to accumulate more. But investors may need to remain patient. “Traders will try to buy the dip, if you are more risk averse wait for the central banks to ease then deploy more capital. You might not catch the bottom but you also won’t have to mentally suffer through a long period of sideways and potential unrealised losses,” Hayes posted on X. At 11:40 a.m. Eastern Time on March 11, Bitcoin traded around $81,220, slightly recovered from its intraday low of $76,780.

The crypto market’s latest decline has set off Peter Schiff, one of Bitcoin’s loudest critics, against the US government’s plan to implement a Strategic Bitcoin Reserve. Through his post on social media platform X, Schiff questioned the “rationale” behind the US government’s move, given Bitcoin’s tendency to lose value so quickly. Bitcoin’s price fell to $76,600 early Tuesday morning, part of a broader crypto market pullback. This latest Bitcoin dip means the digital currency has lost 30% of its value since hitting an all-time high of $109,356 on January 20. Related: Bitcoin’s National Hoards: Top Countries Stockpiling BTC in 2025 By Schiff’s count, it took Bitcoin less than two months to lose that much ground, and he thinks things could get even worse if Bitcoin drops another 50%. It’s worth pointing out that Schiff zeroed in on Bitcoin’s recent losses, conveniently skipping over the digital currency’s potential for rapid gains. Just last year, for example, Bitcoin doubled in price in just three months, rocketing from $52,546 on September 2 to $108,364 on December 16, 2024, TradingView data shows. Pushing his point further, Schiff insisted the US needs to focus on bringing manufacturing back home. He also took a swipe at crypto entrepreneurs, saying many crypto millionaires are going to need manufacturing jobs soon, implying they’ll be broke and looking for new work. Related: Bitcoin Price Dip Analysis: 30% Drop But CryptoQuant CEO Says It’s “Common” in Bull Cycles Even though Bitcoin has taken a beating lately, most analysts still see its overall performance this year as impressive. Despite the current pullback, Bitcoin is still up 35% year-to-date and a whopping 410% since the start of 2023, according to TradingView. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.