Bitcoin News: Spur Protocol Daily Quiz Highlights Web3 Mining Application and Rewards

In the world of cryptocurrency, new platforms and applications are constantly emerging, offering users innovative ways to earn tokens and participate in the digital economy. One such platform, Spur Protocol, has recently gained attention for its daily quiz feature that rewards users with tokens. This summary explores Spur Protocol’s rise, its daily quiz, and its potential impact on the future of web3 mining applications.

Spur Protocol Daily Quiz Answer 29 March 2025: Earn Free Rewards

Searching for today’s Spur Protocol Daily Quiz Answer 29 March 2025? Users can collect rewards for answering the Today Quiz question “The First President To Accept BTC As Legal Tender Was?” with CoinGabbar. SpurProtocol is a web3 mining application launched in November 2024 with over two million users. It allows users to earn tokens by engaging in activities within the app, such as answering daily quizzes and passive income through mining functionality. The app is available on both Android and iOS devices.

GameStop (GME) Drops Sharply After Bitcoin News

GameStop (NYSE: GME) experienced a significant 25% decline following a bold decision by its board to establish a Bitcoin treasury. Initially, the news caused a 16% rally as investors viewed it as a bullish signal. However, the stock quickly reversed course, erasing nearly $3 billion in market value. While the company hasn’t fully detailed its Bitcoin acquisition strategy, the market responded negatively to the initial rally’s heavy selling pressure.

Strategy’s Bitcoin Bet Faces Risks

Strategy, formerly MicroStrategy, continues to purchase Bitcoin, accumulating over 506,137 BTC valued at roughly $44 billion. However, Bitcoin’s price has declined from its peak above $109,000, raising concerns. The firm’s average acquisition price has jumped to $66,000, and it still relies on equities and convertible notes for purchases. Some analysts suggest that a moderate token price fall could cause trouble for the firm.

Bitcoin Faces Stacked Resistance At $89K-$90K Range

Bitcoin is under pressure, trading below crucial demand levels as bearish momentum builds. Selling pressure has returned, dragging BTC lower and raising concerns about a deeper correction. The broader financial markets remain fragile due to macroeconomic instability and geopolitical uncertainty, shaking investor confidence. Bitcoin has failed to hold key levels, and momentum now favors the bears. Traders and analysts are closely watching the next resistance zones at $89,000 and above, which will determine the short-term direction of the market.

U.S. Government Moves $8M in Bitcoin, Sparking Speculation

The U.S. government has transferred $8.46 million worth of Bitcoin from Sae-Heng Confiscated Funds to two different wallets. This large transfer has generated speculation in the crypto world, although no direct confirmation of selling has been observed yet. Historically, high-value BTC transactions by governments have prompted short-term price fluctuations, but the long-term sentiments remain bullish.