The People’s Bank of China is pushing to make the renminbi, popularly known as 
the yuan, an efficient international currency for international settlements. 
Pan Gongsheng, Governor of the People’s Bank of China, reinforced that the 
institution is still promoting financial cooperation with the Global South. 
PBOC Governor: Yuan Internationalization Still an Objective for China China 
[…]

PBOC Governor: China Continues to Pursue Yuan Internationalization for Cross Border Payments

Over the past few days, the Bitcoin price has had one of its better 
performances so far in the first quarter of 2026. Catalyzed by the rising 
geopolitical tensions between US-Isreal and Iran, the premier cryptocurrency 
climbed to $74,000 over the past week. However, the Bitcoin price did not take 
long before retreating back below the psychological $70,000 level, confirming 
that the latest rally was merely a relief. With the bearish market structure 
still in place, it remains to be seen how low the price of BTC will go in its 
current phase. $70 Million Worth Of Longs At Risk Of Liquidation In a new post 
on the social media platform X, crypto analyst Ali Martinez revealed why a 
further decline to around $54,000 in the remaining period of this phase is 
possible and could be bad news for both investors and the Bitcoin price. 
Hence, the $54,000 mark could be an extremely pivotal region for the flagship 
cryptocurrency in this bear market. Related Reading: The 31,900 Bitcoin Purge: 
Why March 4 Marked An Institutional Bitcoin Floor Martinez&#8217;s evaluation 
revolves around the Aggregated Liquidation Levels Heatmap metric, which 
visualizes price zones with high concentrations of long or short liquidations. 
As expected, the red (hot) color on the map signifies a concentrated 
liquidation point of several high-leverage positions, often with high 
liquidity. A drop to $54,000 could liquidate over $70 million in Bitcoin $BTC 
long positions. pic.twitter.com/Ar66Q3Cd20 — Ali Charts (@alicharts) March 7, 
2026 These high-liquidity spots often have a somewhat magnetic effect, with 
prices often drawn to them. According to Martinez, this &#8220;hot&#8221; zone for the 
Bitcoin price lies around the $54,000 mark, with over $70 million worth of 
long positions at risk of liquidation. Ordinarily, a Bitcoin price drop to 
around $54,000 would do extra damage to the already low market sentiment. 
Meanwhile, from a technical perspective, the significant liquidation cascade 
likely to occur at that level could lead to a phenomenon called a &#8220;Long 
Squeeze,&#8221; where the flagship cryptocurrency continues its decline with renewed 
momentum. For clarity, a Long Squeeze typically occurs when the falling price 
of a cryptocurrency (in this case, Bitcoin) forces bull traders to sell their 
assets either to cut losses or to break even. This sell-off catalyzes the 
ongoing bearish reaction and sends the BTC price further downwards. 
Ultimately, the $54,000 region, which is also around the realized price, 
appears to be one of the most critical levels for the Bitcoin price trajectory 
over the next few months. Bitcoin Price At A Glance As of this writing, the 
price of BTC stands at around $67,830, reflecting an over 4% decline in the 
past 24 hours. Since reaching its one-month high around $74,000 on Wednesday, 
March 4, the premier cryptocurrency has retraced by nearly 10%. Related 
Reading: Analyst Says Bitcoin $200,000 Target Remains Open, But There’s A More 
Realistic Target Featured image from iStock, chart from TradingView

Here’s Why Bitcoin Price Must Not Fall To $54K: Analyst

Binance pushes back against U.S. scrutiny, outlining a sweeping compliance 
system, thousands of law-enforcement collaborations, and aggressive monitoring 
tools as it challenges allegations that the world’s largest crypto exchange 
failed to police illicit activity. Binance Counters Congressional Concerns, 
Says Investigations Triggered Account Removals and Risk Controls Crypto 
exchange Binance issued a formal response to a […]

Binance Pushes Back on Senate Inquiry, Calls Allegations ‘False and Defamatory’ in Formal Response

Crypto investor sentiment has been in freefall ever since the October 2025 
market crash that kicked off a sustained downturn in digital assets.

Crypto Fear and Greed Index falls back down to ‘extreme fear’ levels

XRP is at the center of ultra-bullish calls after two crypto commentators 
pointed to a 2017-style fractal as the basis for a major breakout. The latest 
discussion started with analyst CryptoBull, who predicted that the XRP price 
is on track for $10 to $11 by the end of March if its price action continues 
to follow its 2017 structure. That outlook then led to a much bigger response 
from Remi Relief, who said his own conservative target for this cycle is four 
digits between $1,200 and $1,700. Related Reading: Solana Stablecoins Hit $650 
Billion In Monthly Transactions CryptoBull’s Fractal Call To Double Digits 
CryptoBull’s prediction is built around a familiar XRP talking point: that the 
cryptocurrency is tracing a structure similar to its 2017 breakout. A 2017 
comparison is one of the strongest bullish narratives available for the crypto 
because it points to the one period in XRP’s history when price moved from 
relative quiet into a parabolic run in a short time period. In his technical 
analysis, CryptoBull said he now believes XRP is following the 2017 fractal 
and that this setup could take the cryptocurrency to $10-$11 by the end of 
March, adding that he expected six more days sideways before a push higher. 
The chart attached to that post shows XRP moving through a flat, compressed 
range under a horizontal resistance zone on the daily candlestick chart, with 
the green fractal path projecting a rally once that resistance is broken. The 
structure is simple enough to explain: long consolidation, breakout through 
resistance, brief pause, then a vertical continuation. In other words, the 
chart is not presenting a slow grind upward like you might expect considering 
XRP&#8217;s recent price action. It is presenting a replay of XRP’s most explosive 
behavior back in 2017. XRP Price Chart. Source: @CryptoBull2020 On X Remi 
Relief Takes The Same Setup To An Extreme Remi Relief took that same broad 
idea and pushed it far above CryptoBull’s target. In his response, he said 
that in 2024 he had already stated XRP would follow the 2017 run and go to 
$1,200 conservatively in this cycle. The move was delayed, although this is 
something he warned about back in June 2025 and after revising his thinking, 
his target range became $1,200 to $1,700. CryptoBull’s $10 to $11 call is 
already a massive move from current levels, but it still sits within the realm 
of numbers that are possible based on XRP&#8217;s current circulating supply. A $10 
price would imply a market capitalization of about $610 billion, and $11 would 
imply about $671 billion. On the other hand, a move to $1,200 would imply 
about $73.2 trillion, while $1,700 would imply about $103.7 trillion in market 
cap. Related Reading: SEC Vs. Justin Sun Case Ends In $10M Settlement, Traders 
Eye TRX Price Reaction The real significance of these predictions may not be 
whether XRP actually reaches four-digit prices. It may be what they say about 
sentiment among XRP traders right now. At the time of writing, XRP is trading 
around $1.37, with an intraday range of $1.35 to $1.41. This shows that the 
cryptocurrency is far below the predicted price levels. However, there are 
many traders with an ultra-bullish bias who are still willing to rally around 
any setup that resembles 2017. Featured image from Shutterstock, chart from 
TradingView

Cryptocurrency price in MYR