Such a decline, my dear reader, is not merely a number but a symphony of despair, where sellers, once buoyed by hope, now capitulate to prices beneath their cost basis. The air is thick with the scent of panic, a perfume no amount of blockchain can mask.
A recent city staff report, released on March 2nd, advises against Vancouver investing in Bitcoin, effectively recommending against Mayor Sim’s plan to make Vancouver a “Bitcoin friendly city.” The report also suggests the city council reconsider and potentially drop 78 previously approved motions dating back to 2019 as part of an effort to streamline outstanding tasks.
The CoinDesk 20 is currently trading at 1991.98, down 2.1% (-41.93) since 4 p.m. ET on Thursday.
Circle announced strong financial results for the last quarter of 2025, earning $770 million in revenue and reserve income. They also reported a significant increase in the amount of USDC in circulation, reaching $75.3 billion – a 72% jump compared to the previous year. Investors reacted positively to the news, and the company’s stock price immediately increased.
Launching a digital ruble in March 2026 feels like trying to build a futuristic spaceport in a town without power. The government is pushing this high-tech currency even though Russia is experiencing more and more internet disruptions.
Defensive postures have grown like wild mushrooms after rain across both equities and credit, threatening to sweep capital from crypto into some shadowy corner where perhaps it might feel slightly safer-or at least less prone to existential despair.
Zhao, with the confidence of a man who’s never waited in line for bread, cites “strong trends” converging to inflate Bitcoin’s sails. Among them, the rise of AI-that omnipotent bogeyman of the modern age-which, he argues, will create a new class of digital serfs: AI agents, incapable of using traditional banking, forced to embrace crypto wallets as their default currency. A revolution, indeed, though one wonders if these AI agents will also demand weekends off.
The shift comes as Bitcoin hovered near the $71,000 level, proving once again that even the most confident cryptocurrencies can have commitment issues. Meanwhile, the broader crypto markets decided to take a nap, presumably dreaming of higher numbers.
In a dramatic twist reminiscent of a late‑night news bulletin, the Vancouver Council has decided to stall the motion that would have turned their city into the Bitcoin capital of the West. The staff was clear: under the charter, bitcoin is a no‑go. The only thing allowed is a stowaway of the investment world’s most respectable retirees: government and municipal securities, or something that smells like a bank deposit.
Bitcoin is currently trading at $71,008. It’s down about 1.9% over the last day, but still up almost 5% for the week, based on the latest market information.
