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Research shows that AI computational power has doubled every 3.4 months since 2012, compared to the two-year cycle defined by Moore’s Law. This accelerated pace breaks from traditional computing’s predictable path. Nvidia CEO Jensen Huang characterized AI’s progression as closer to “Moore’s Law squared.” Practically, AI has advanced approximately 100,000x within a decade, a pace […]

The post AI growth outpaces Moore’s Law, soaring beyond traditional limits appeared first on CryptoSlate.

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Learn MoreAI growth outpaces Moore’s Law, soaring beyond traditional limits

Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index.

The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn.

Despite Bitcoin’s 30% drop from its all-time high of $109,350, four key indicators suggest that the correction may be over.

Bitcoin bear market needs 40% drop, strong USD

Some analysts argue that Bitcoin has entered a bear market. However, the current price action differs significantly from the November 2021 crash, which started with a 41% drop from $69,000 to $40,560 in just 60 days.

A comparable scenario today would imply a decline to $64,400 by the end of March.

The current correction mirrors the 31.5% drop from $71,940 on June 7, 2024, to $49,220 over 60 days.

Additionally, during the late 2021 bear market, the US dollar was strengthening against a basket of foreign currencies, as reflected in the DXY index, which surged from 92.4 in September 2021 to 96.0 by December 2021.

This time, however, the DXY started 2025 at 109.2 and has since declined to 104. Traders argue that Bitcoin maintains an inverse correlation with the DXY index, as it is primarily viewed as a risk-on asset rather than a safe-haven hedge against dollar weakness.

Overall, current market conditions show no signs of investors moving to cash positions, which supports Bitcoin’s price.

BTC derivatives healthy as investors fear AI bubble

The Bitcoin derivatives market remains stable, as the current annualized premium on futures stands at 4.5%, despite a 19% price drop between March 2 and 11.

For comparison, on June 18, 2022, this indicator fell below 0% after a sharp 44% decline from $31,350 to $17,585 in just 12 days.

Similarly, the Bitcoin perpetual futures funding rate is hovering near zero, signaling balanced leverage demand between longs and shorts. Bearish market conditions typically drive excessive demand for short positions, pushing the funding rate below zero.

Several publicly traded companies with market values exceeding $150 billion have seen sharp declines from their all-time highs, including Tesla (-54%), Palantir (-40%), Nvidia (-34%), Blackstone (-32%), Broadcom (-29%), TSM (-26%), and ServiceNow (-25%). Investor sentiment, especially in the artificial intelligence sector, has turned bearish amid growing recession fears.

Related: Bitcoin $70K retracement part of ‘macro correction’ in bull market — Analysts

Traders are concerned about a potential US government shutdown on March 15, as lawmakers must pass a bill to raise the debt ceiling. However, according to Yahoo Finance, the Republican party remains divided.

The key points of contention in House Speaker Mike Johnson’s proposal are increased spending on defense and immigration.

Risk-on markets, including Bitcoin, are likely to react positively if an agreement is reached.

Real estate crisis is not necessarily negative

Early signs of a real estate crisis could accelerate capital outflows into other scarce assets. According to Feb. 27 data from the US National Association of Realtors, home contract signings fell to an all-time low in January.

Additionally, a Feb. 23 opinion piece in The Wall Street Journal revealed that over 7% of Federal Housing Administration-insured loans are at least 90 days past due, surpassing the peak of the 2008 subprime crisis.

In essence, Bitcoin’s path to reclaiming $90,000 is supported by a weaker US dollar, historical evidence that a 30% price correction does not signal a bear market, resilience in BTC derivatives markets, contagion from government shutdown risks, and early signs of a real estate crisis.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight.

Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, urging lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.

In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.

“We fear that products like Paxos’ Global dollar stablecoin, issued by a regulated affiliate in Singapore, will languish while departments and agencies make their determinations,” the Paxos CEO wrote in his speech.

The US must act to prevent regulatory stablecoin arbitrage

Cascarilla recommended US lawmakers strengthen the current “international reciprocity language” to include clearly defined and accelerated timelines for the US Treasury Department to designate overseas jurisdictions for stablecoin regulation.

“This timeframe would force swift action and prevent bureaucratic delays while guaranteeing thorough scrutiny of foreign regulatory regimes,” the executive said.

Cascarilla emphasized that potential delays in applying such action would be a major hurdle in the adoption and distribution of stablecoins like USDG in the US as well as cross-border operations. 

“Reciprocity is not about lowering standards — it’s about raising them globally,” Cascarilla said, adding:

“By establishing a framework to recognize jurisdictions with comparable regulatory regimes — covering reserve requirements, AML measures and cybersecurity protocols — the United States can prevent regulatory arbitrage, where issuers exploit lax oversight abroad.”

Paxos stablecoins were deemed non-compliant in the EU

Cascarilla’s remarks come amid some Paxos-issued stablecoins facing compliant issues in the European Union following the enforcement of Europe’s crypto regulation framework, the Markets in Crypto-Assets Regulation (MiCA).

Since the MiCA framework went into full force in December 2024, multiple crypto asset service providers in the EU — including Crypto.com and Coinbase — have announced delistings of Paxos stablecoins like Pax dollar (PAX) and Pax gold (PAXG).

While Paxos’ Cascarilla is now calling the US for urgent action in forcing a global framework for stablecoin issuers that are regulated outside of the US, some industry CEOs have urged all stablecoin firms to get regulated domestically instead.

In February, Circle co-founder Jeremy Allaire argued that all dollar-based stablecoin issuers should register in the US, citing consumer protection and fair competition in the crypto market. He stated:

“Whether you are an offshore company or based in Hong Kong, if you want to offer your US dollar stablecoin in the US, you should register in the US just like we have to go register everywhere else.”

Issued and regulated in the US, Circle’s USDC (USDC) stablecoin was officially approved as the first MiCA-compliant stablecoin in 2024.

Magazine: How crypto laws are changing across the world in 2025

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