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$414M XRP Token Transfer Sparks Speculation On Kraken’s Role

Jackson Kelley
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0
$414M XRP Token Transfer Sparks Speculation On Kraken’s Role

Key Insights:

  • A $414 Million XRP transaction between two unmarked wallets has stirred interest in the crypto market.
  • The transfer occurred on Wednesday at 11:23 UTC and involved 230.77 million XRP.
  • On-chain data suggested that both addresses involved in the transfer are linked to the Kraken exchange.

A massive on-chain XRP transaction valued at $414 Million has drawn significant attention. This unusual activity has ignited fresh discussions within the cryptocurrency market.

Midweek, the shift between two unmarked wallets drew quick attention from blockchain trackers. Despite ongoing price pressure, XRP showed momentum as traders monitored key technical levels.

Large XRP Movement Raises Eyebrows Amid Exchange Links

At 11:23 UTC on Wednesday, a bulk XRP transfer of 230.77 million XRP shifted from two non-disclosed wallets. Whale Alert noticed the transaction because it sent 230.77 million XRP from “rp7TCc” to “rHapXG.” During the transaction execution, the money exchanged was above $414 million.

Investigations revealed that the San Francisco-based cryptocurrency exchange Kraken managed both addresses. It was confirmed that they began utilizing the sender’s wallet in December 2024.

Bithomp demonstrated that the wallet frequently engages with the Kraken platform through its data analysis. This suggested a significant presence of exchange. The wallets have no official markings, yet the recorded blockchain events connect to internal company operations.

The wallet receiving the XRP only engaged with one single transfer for a minimal amount before the latest transaction occurred. The address handling the prior XRP transfer received the funds because it activated them, making a strong case for internal management. 

Commercial analysts believe the recent XRP transaction is part of Kraken’s strategy to manage its exchange liquidity. This aligns with Kraken’s focus on maintaining efficient operations and market stability.

XRP Price Attempts Recovery After Recent Weakness

XRP experienced price fluctuations, stabilizing after reaching its intraday minimum value of $1.7216. The token gained more than 6.4% starting from that support level and trades in the $1.8338 area. 

Although it has moderately recovered, the price remains below the essential resistance threshold of $2. Cryptocurrency suffers from poor performance because of concerns emerging from the unresolved global economic disputes between the US and China. 

Although prices have recovered with increased trading volume, retail and institutional trader interest grows steadily based on short-term market data. The market is conservative, although technical data suggests a breaking point could appear soon.

A price rally of XRP will likely occur if it surpasses upcoming resistance levels but sustains current holding prices. Market indicators displayed a reduced willingness to sell, and a potential upward price momentum will occur after breaking above $2. 

The price demonstrated strong potential for further acceleration as the quarter progresses. This trend reflected growing optimism in the cryptocurrency market.

Technical Patterns Indicate Key Support and Possible Reversal

According to a technical analyst, XRP price was found resistant at the $1.81 support mark, which stands against price decline. The price support was an essential barrier against falling to the following crucial support area at $1.71. 

Expert analysts suggested a temporary price drop when it passes beneath this critical area. Elliott Wave theory suggested a potential “Wave 3” bearish movement for the token unless the price stabilizes above existing market levels. 

Analysts predicted that the previous price movement from $1.72 adds strength to the $1.71 support zone. This will act as temporary resistance. XRP may challenge the significant support area at $1.55 after failing to defend its current position.

xrp price
Source: X

Expiring correction patterns often signal their final stages at this retracement level. This stage typically marks the onset of an upward price movement, suggesting a potential market recovery.

Market analysts suggest XRP could initiate an upward trajectory toward $4.5 and beyond. This potential rise hinged on the $1.55 resistance area, maintaining its strength. The market carefully expected signals for an inversion of current trends to occur.

Market Outlook and Price Predictions Remain Mixed

The short-term projection for XRP showed unclear signs because various indicators from on-chain metrics and chart analysis present contradicting information. The movements of large wallets on Kraken generate close trader observation since they often signal upcoming market trends.

A price rise delay is probable without substantial external money flows. Expert analysts anticipate that XRP could hit $4.5 in its ongoing market cycle. This projection depends on a recovery in market momentum and the successful breach of key resistance levels.

The longer-term potential for price growth is $17, while $45 is a target when general market conditions strengthen. Forecast models depend on general market developments and the token’s capacity to win back its investors.

The price volatility problem continues due to irregular trading volume movements near support zones. Institutional investment could return if XRP’s price maintains higher levels above $2. 

Market observers maintain a moderate sense of hope while tracking market technical data and blockchain transaction patterns.

DOGE Whales Dump $1.3B While Wyckoff Spring Fuels Bullish Hopes

Jackson Kelley
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0
DOGE Whales Dump $1.3B While Wyckoff Spring Fuels Bullish Hopes

Key Insights:

  • Whales offloaded 1.32B DOGE in 48hrs, sparking market shake-up.
  • DOGE tests a rising trendline at $0.13 near the key 61.8% Fib level.
  • Wyckoff Spring is in play as DOGE mirrors the accumulation structure. 

Dogecoin (DOGE) has come under pressure with broader market pullback as President Trump announced fresh U.S. tariffs. In the past week, Dogecoin price has fallen by over 12%. 

After reaching a local high of $0.48, the price has corrected by 70% to the current value of $0.1452. Nevertheless, the token prepared for a possible recovery phase even with this correction.

Whale Sell-Off Contributes to DOGE Price Decline

Data from Santiment showed that major DOGE holders, known as whales, have sold over 1.32 billion DOGE in 48 hours. These are those wallets that hold over 1 billion tokens each. 

According to the data, their holdings dropped from approximately 72.9 billion DOGE to around 70.88 billion DOGE. This suggested selling pressure.

dogecoin price
DOGE Holders over 1 billion tokens | Source: Santiment

When this sell-off occurred, DOGE fell from around $0.18 to a low near $0.131. This move implied that these large holders contributed to the downward trend in early April. 

When demand from buyers doesn’t match the volume sold, such selling activity can weigh heavily on price. Meanwhile, the overall whale wallet behavior has consistently reduced from late March until the start of April.

The current wallet holdings have returned to levels observed earlier. These are similar to the levels seen before the March rally began.

Key Support Found at Fibonacci and Trendline Confluence

Meanwhile, according to technical analysis, Dogecoin may be close to a strong support zone. Analyst ali_charts showed that since October 2023, DOGE has respected an ascending trendline. 

Dogecoin
Source: Ali Charts/ X

This trendline is near the 61.8% Fibonacci retracement level, which is at $0.13041. The Fibonacci retracement measures how far the price could retrace from a recent move. 

The support level on this level, around $0.13, has been a support level in previous corrections. Technical strength is added by the convergence of this level with the long-standing trendline. 

At press time, DOGE was trading around $0.1437, just above this critical area. The token was expected to rebound to $0.168 and $0.212 levels. 

These levels corresponded to 0.5 and 0.382 Fibonacci levels if it maintained its position. Once recovery began, these levels served as resistance points.

Wyckoff Accumulation Pattern Shows Early Reversal Signs

Additionally, TATrader_Alan separately analyzes Dogecoin’s current price behavior in a Wyckoff Accumulation pattern. This model describes five phases of a market bottoming before a new uptrend begins. 

doge usd
Source: Trader Alan/X

DOGE appears to have recently gone through the “Spring” phase. This phase was characterized by a false breakdown followed by a subsequent recovery. According to his analysis, the price moved into the early part of Phase D. 

This part consists of “Last Point of Support” (LPS) and “Sign of Strength” (SOS), which meant buyers were taking over. If DOGE continues on this path, it may test resistance near $0.18 again. This may even rise higher to $0.21 in the coming weeks.

The pattern was not entirely well-defined. Specifically, Phase B showed slightly elevated prices, deviating from a typical Wyckoff setup. However, the structure was largely consistent with an accumulation phase.

Technical Indicators Show Bearish Momentum but Possible Rebound

Furthermore, technical indicators indicate that bearish momentum may be easing. On the 1-day chart, the MACD showed that the MACD line is at -0.00948, above the signal line at -0.01102. 

This narrowing gap usually indicates a decrease in bearish momentum. A crossover could mean a change to a bullish movement.

dogecoin price
Dogecoin momentum indicators | Source: TradingView

Meanwhile, the RSI (Relative Strength Index) was at 40.75. This value was near the oversold threshold of 30, indicating that the selling pressure could be easing. 

If the RSI goes above 50, it would indicate that buying strength is increasing. The daily chart of DOGE also had a green candle, suggesting a bounce from the $0.136 level. This was in line with the notion that buyers are entering near-key support.

SOL Price Faces Sell-Off As Adoption and Privacy Features Grow

Anuj Bhor
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0
SOL Price Faces Sell-Off As Adoption and Privacy Features Grow

Key Highlights:

  • Whales sell over $15M in SOL, pushing the price near $101 before a minor bounce.
  • Analysts watch $74 and $50 as key support zones for price stabilization.
  • Active Solana addresses cross 9M as DeFi volume sees strong 10-day growth.

At press time, Solana was under pressure,losingt nearly 4% in the last 24 hours. When writing, SOL price was $106.71, down 3.87% in the previous 24 hours. 

Trading volume rosy 8.83% to $5.58 Billion, while market capitalization dropped 0.7% to $55.03 Billion. Solana has a weakness in this price area but still has strong user growth.

SOL Price Reacts to Whale Selling and Bearish Momentum

In the last 24 hours, large Solana holders have been selling large amounts of SOL. Wallet “4W1Ree” unstaked 159,028 SOL worth $16.5M. It sold 60,000 SOL for $6.13M at $102. Meanwhile, wallet “5cPair” sold 89,734 SOL for $9.67M at $10

sol price
Source: X 

The combined selling of more than $15 Million in SOL put more pressure on an already falling market. According to CoinMarketCap, SOL price reacted by falling from levels near $110 to intraday lows around $101. 

Even at the end of the London trading session, selling dominated. However, there was a mild bounce. Additionally, the Awesome Oscillator (AO) indicator oSolana’s daily chart also showsing strong bearish momentum at -17.24. 

The Stochastic RSI was slightly up at 23.09 and 21.92. This indicated early signs of recovery but still in the oversold territory.

SOL Price Breaks Key Support Amid Concerns of Further Decline

Since early 2024, SOL price has held above a horizontal trendline. It has even managed to stay strong through more significant market corrections. 

However, a decisive break below this support has resulted from the recent drop relating to President Trump’s ‘Liberation Day’ announcement. The move has raised concerns about SOL’s ability to hold its current levels. If it fails to do so, further downside could follow.

SOL Usd
SOL/USD | Source: TradingView

According to TradingView data, SOL pricd hinearlyar $300 before dropping to the $100–$107 range. Now, this area has become a critical short-term threshold. 

sol price
Source: Ali charts/X

However, analysts warn that losing this zone could lead to another 20% decline. Going forward, this could take the price down to $85 or below. According to Ali Charts, key Fibonacci support levels are $74.11 (0.382 Fib) and $50.18 (0.5 Fib). 

These levels may become important if the downtrend continues. Below that, the next level is at $33.98, the 0.618 retracement level from the larger move that started in early 2023.

Despite Market Pullback, Network Usage Surges

Price action is weakening, but on-chain activity tells a different story. According to data from Glassnode, active addresses on the Solana network spiked to over 9 million. This is massivege increase from previous months.

Solana active addresses
Solana active addresses | Source: glassnode

Furthermore, Solana’s decentralized trading activity has grown rapidly. DefiLlama reported that volume on DefiDotApp doubled in the last 10 days. This implied that even though prices are down, user interest and network demand are up.

Solana defi trading volume
Solana defi trading volume | Source: DefiLlama

Even as SOL price has declined, these numbers show growing adoption. It could provide long-term support as more users and developerinteractng with the ecosystem.

Confidential Balances Go Live on Solana

Solana has introduced a new privacy feature called “Confidential Balances.” This feature is powered by zero-knowledge (ZK) technology to enhance user privacy. The encrypted token balances are now live on Solana’s mainnet.

solana price
Source: X 

The feature enables institutional users to hide the token amounts from the public view while maintaining compliance with regulatory standards. The developers of Solana say this privacy extension allows for “sub-second finality” and business-grade confidentiality.

The addition of Confidential Balances makes Solana the firssignificantor blockchain with live encrypted tokens powered by ZK. This could draw more interest from the enterprise, especially in the financial sector.

Peter Schiff Mocks Bitcoin Reserve As Recession Fears Intensify

Josh Alba
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Peter Schiff Mocks Bitcoin Reserve As Recession Fears Intensify

Key Insights:

  • Peter Schiff criticized the US government for creating a Bitcoin reserve. He pointed out that the reserve’s BTC value had dropped 12 percent.
  • He stated the country could have gained 2 percent if it had sold Bitcoin and invested in gold instead.
  • Schiff believes the current crypto regulation approach weakens the government’s financial credibility during uncertain economic times.

Peter Schiff has renewed his criticism of the United States’ decision to form a national Bitcoin reserve. This time, in his criticism, he cited recent market losses. 

He claimed the reserve has already suffered a 12% value decline. This could have been avoided with a gold-focused strategy. 

This critique arises from growing worries about the economy’s stability. It also reflected heightened market volatility driven by trade policy changes and recession risks.

Peter Schiff Criticizes US Bitcoin Reserve

The US established its Bitcoin Reserve on March 6, 2025, as part of a new digital asset initiative. Economics expert Peter Schiff stated that the US government’s Bitcoin reserves have lost over 12%. This decline has occurred since the reserves were first established.

Schiff compared the performance of Bitcoin to gold over the same timeframe and noted that gold had gained approximately 2%. According to his analysis, the government could have earned profits through BTC trading followed by Gold investment. He stated,

 “So far, the value of the Bitcoin held in that reserve has declined by over 12%. The United States could have eliminated the Bitcoin loss of 12% because selling BTC would have allowed the purchase of additional gold within our reserve to produce a 2% increase.”

Bitcoin Reserve
Source: X 

Despite the recent Bitcoin rebound to $80,000, Schiff questions the logic behind government-led crypto exposure. Schiff believes the situation demands stable macroeconomic stability since short-term profits cannot outweigh long-term security. 

Critics argue that the revealed flaws in crypto regulations highlight weaknesses in the system. They believe this exposes the government’s inadequate approach to regulating cryptocurrency.

Schiff Warns of Deepening US Recession

Schiff evaluated the performance metrics of the Bitcoin reserve alongside a Trump economic plan assessment that suggested rising recession risks.

He argued that Trump’s proposed tariff increases included 50% levies on Chinese imports. This may cause additional instability in an economically unstable system. 

Schiff said this economic slump would become the most serious since the Great Depression. Peter Schiff argues that the current market value of stocks surpasses realistic asset valuations. He attributed this to the lack of a market correction following new trade policies.

He anticipated a significant decline in stock prices exceeding 50% when economic recession indicators prove increasingly strong. Schiff advised investors to preserve stability by being cautious during the optimistic market phase following the cryptocurrency market recovery.

The expert criticized the Federal Reserve for its inability to stop the approaching economic slowdown. He said introducing new liquidity into the economy to prevent a recession could trigger hyperinflation instead of avoiding economic decline. 

According to Schiff, the economy will suffer a loss when monetary policy selects short-term relief instead of creating long-term resilience.

Crypto Regulation Lacking, Says Peter Schiff

Schiff maintained that gold provides better financial protection against economic instability and inflation risks. Rising gold values strengthened his longtime prediction. This demonstrated that traditional assets yield better results than speculative ones when markets experience upheaval. 

The US administration maintains a different policy approach from Schiff’s. When social media users pointed out missed Bitcoin gains under the previous administration, Schiff dismissed these claims. He labeled the comparisons as irrelevant to the current market context.

Per him, performance assessment begins at the reserve launch date and stops after the previous periods do not matter. The use of speculative profits lacks stability for establishing a national reserve system.

Schiff delivered evidence that an inadequate crypto regulatory framework causes markets to become more volatile. According to Schiff, the unpredictable nature of policy structures makes digital assets increasingly dangerous for national portfolio holdings.

His statements have reignited the debate on incorporating electronic money into official economic strategies. This discussion also touches on the role of the Bitcoin Reserve in shaping national policies.

Bitcoin Hits $80K Despite Schiff Warning

Despite Schiff’s warnings, Bitcoin recently surged to $80,000 after a sharp market correction. Broad economic conditions continue to present significant threats to investors, who remain wary of the situation. 

Experts state that although the market spike indicates robustness, it does not necessarily mean ongoing business growth. The absence of specific crypto regulations has raised investor stress because government-controlled portfolios include volatile assets. 

The combination of geopolitical tensions and unpredictable monetary policy changes severely increases market uncertainty. 

Schiff believes that current economic instability makes gold the preferred asset. He argues it offers better long-term value storage than a Bitcoin reserve. 

DOGE Price Teases $1 Dream—But Analysts Say Not So Fast

Jackson Kelley
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0
DOGE Price Teases $1 Dream—But Analysts Say Not So Fast

Key Insights :

  • Dogecoin surged from $0.11 to $0.46 in late 2024, sparking hopes of a $1 price target in 2025.
  • Analysts believe Dogecoin’s unlimited supply limits its potential to sustain high prices over time.
  • Long-term holders reportedly sell during rallies, causing repeated price drops and failed breakouts.

Dogecoin (DOGE) price recorded an impressive surge during the final quarter of 2024. The memecoin rose from $0.11 to $0.46. 

This rally sparked fresh optimism across the DOGE community, with renewed hopes of reaching the much-anticipated $1 mark in 2025. However, as the new year unfolds, strong headwinds and unfavorable conditions suggest the path to $1 remains uncertain.

DOGE Price Gains Momentum with ETF Prospects & Real-World Adoption

The recent DOGE price rally injected enthusiasm into the Dogecoin community. Many expected stronger upward momentum in early 2025. 

Investors saw rising application numbers from asset managers seeking to launch spot DOGE exchange-traded funds as a positive market indicator. An approved fund could boost institutional involvement, resulting in widespread product adoption.

Dogecoin
Source: X 

Crypto regulation is a primary element affecting how long it takes for ETF approval to be granted. Abnormal market predictions on Polymarket showed a 69% chance for the SEC to approve a DOGE ETF during 2025. 

Dogecoin is gradually gaining traction in retail, with companies like Tesla and Twitch accepting it for payments. Of course, more firms adopting DOGE as a payment method will improve the coin’s utility. 

The growth of actual-world adoption will lower market instability. On the other hand, it would offer better support for increasing price values.

Dogecoin Faces Challenges on Path Upward

Despite the renewed optimism, several analysts argue that DOGE price faces fundamental hurdles that could prevent it from reaching $1. Dogecoin’s unlimited supply diminishes its long-term value potential. In contrast, Bitcoin’s capped supply makes it more appealing to investors.

Numerous market analysts note that Dogecoin’s inflationary mechanism consistently pushes tokens into the market for sale. Long-time holders who purchased Dogecoin at bargain prices enter market trades at every price increase. 

The holders who acquired DOGE at its early price points tend to cash out when the value increases. This triggered price declines and caused the price to fail to break past resistance levels. 

DOGE has encountered barriers to price sustainability when facing resistance zones. This restricted its ability to move upwards. Regulatory frameworks play a significant role in shaping market dynamics. 

Their controlling measures particularly influence the performance of meme coins like DOGE. Due to undefined regulatory boundaries, high regulatory vigilance prevents institutional investors from entering meme-based assets. 

Bearish Technicals Reinforce Analyst Warnings on DOGE’s Short-Term Path

The 24-hour technical analysis supported the bearish sentiment expressed by many market experts. This added to concerns over DOGE price near-term prospects. 

Dogecoin displayed continued falling momentum. The token dropped over 4% to reach a price of $0.1436 during the latest daily market session. 

The market activity demonstrated weakness. This weakness came into play due to DOGE price remaining under all main exponential moving averages. Market data showed that all significant exponential moving averages operate above the current market position. 

The EMA system demonstrated an established downward trend. It required major momentum changes for market recovery. Traders view this chart configuration as a signal of upcoming market shifts. It suggests aggressive sellers might dominate the next trading period.

DOGE/USD 24-hour price chart
DOGE/USD 24-hour price chart | Source: TradingView

Both the RSI  together with the MACD displayed negative market sentiment. At press time, the RSI showed weak buying interest because its value of 33.71 indicated oversold conditions. 

The MACD line demonstrated negative short-term bullish signals. This is because it remained beneath its signal line.

Musk’s Silence & Tariff Tensions Add More Pressure to DOGE Price

The absence of Elon Musk’s vocal support for Dogecoin has also weighed heavily on investor sentiment in recent months. Previously, Musk’s comments often triggered significant DOGE price spikes, acting as a catalyst for rallies. 

Many retail investors demonstrate decreased investor interest due to Musk’s ongoing silence about Dogecoin. Some traders now argue that Musk’s lack of public endorsement may have permanently slowed Dogecoin’s mainstream momentum. 

According to previous reports, Musk’s limited involvement with the Dogecoin Foundation has also contributed to declining interest. The lack of influencer support means DOGE has lost its earlier advantages from the same level of influencer backing.

Solana Price Rebounds, Faces Uncertainty Amid Regulatory Concerns

Anuj Bhor
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0
Solana Price Rebounds, Faces Uncertainty Amid Regulatory Concerns

Key insights:

  • Solana price rebounded sharply after a major correction, showing renewed strength and sparking investor optimism.
  • The coin regained over 12% in a single day, lifting its price back above the $108 level.
  • Technical indicators confirmed support zone strength and successful trendline validation, encouraging cautious buying activity.

Solana (SOL) price suddenly rebounded after a steep correction. This raised fresh hopes among investors anticipating an altcoin recovery. 

The crypto market suffered notable losses recently. However, Solana showed strong momentum in the past 24 hours. 

Rising volatility and shifts in sentiment add uncertainty to the short-term outlook. Concerns about global crypto regulation further complicate the market’s direction.

Solana Price Shows Bullish Signs After Drop

Solana price experienced a sharp 14% decline during the past week as bearish forces took over the broader crypto market. After a bearish market attack, SOL tokens regained more than 12% value that day.

This demonstrated strong market demand. This reversal brought SOL price back above $108, reviving discussions of a potential continued recovery.

Source: X

Market observers noted that the price action aligned with a crucial support zone. Solana managed it to hold despite recent selling pressure. A classic trendline validation test was successfully finished on the charts to empower additional bulls in the market. 

Solana Buy Volume
Solana Buy Volume | Source: Hyblock Capital

Enter buyers pushed the market toward recovery while they kept their moves conservative. Data from Hyblock Capital showed that Solana’s buy volume reached over 99. This suggested intense buying activity within a short timeframe. 

Such a reading suggests that retail traders and institutions have started showing interest. Analysts urge caution despite the promising data. Global regulatory shifts and macroeconomic challenges demand careful consideration.

SOL Long Positions Drop as Sentiment Shifts

The long/short ratio of Solana displayed considerable movement over the last five days. This suggested fluctuating sentiment among futures traders. 

The trend of long position contracts on April 5th reached a high peak. This became brief before positions faced a ratio decline to 0.80. Recent price increases failed to stop bearish market sentiment from improving.

Similarly, Binance’s SOL/USDT perpetual market highlighted a gradual decline in long account dominance since April 6th. 

Long/Short trading accounts moved from high numbers exceeding 5.0 to lower ratios near 3.0 by April 8th. This might show traders taking profits out of their positions.

SOL Long/Short
SOL Long/Short | Source: CoinGlass

Growing uncertainties in the market prompted traders to adjust their positions. Anticipation of forthcoming regulatory changes also influenced their strategies.

Binance has displayed this conservative approach because several national governments are developing their crypto regulations. This may have made traders less inclined to take risks. 

Multiple jurisdictions adopting regulatory oversight practices leads traders to consider/perceive higher financial and legal costs in their operations. Market speculations face reduced betting intensity despite positive price movements in the market.

Altcoin Season Still Unlikely Despite Solana’s Bounce

While Solana price recovery sparked optimism, broader indicators show that an altcoin season remains unlikely in the immediate term. Market dominance for Bitcoin remains strong because the Altcoin Season Index currently stands at 18. 

Most of the capital is flowing into Bitcoin instead of altcoins. Despite Solana’s bounce, the weak index reading indicates a limited appetite for widespread altcoin accumulation under current market conditions. 

Investors are reluctant to switch to different assets because they need additional monetary policy and regulatory transparency regarding cryptos. Investor risk tolerance remains low because this leads to limited mass investment that restrains substantial price gains.

Solana’s open interest, which dropped during last week’s price decline, hinted at a potential reversal but lacked strong follow-through. Both rising price levels and increasing open interest must be maintained for an extended period to validate strong, bullish market trends. 

Presently, mild optimistic sentiments regarding altcoins might be insufficient to start sustained price rallies. Though Solana’s recovery is a welcome sign, the crypto market remains fragile due to regulatory uncertainty and shifting trader sentiment. 

Crypto regulation is increasing its influence as authorities across regions prepare for stricter compliance frameworks. Investors and institutions alike are adapting strategies to navigate this evolving landscape.

Bitcoin Moves In Sync: S&P 500 & Nasdaq Still Call The Shots

Jackson Kelley
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0
Bitcoin Moves In Sync: S&P 500 & Nasdaq Still Call The Shots

Key Insights:

  • Bitcoin holds a $74.8K neckline in a parabolic pattern structure.
  • Correlation with the Nasdaq and S&P 500 remains near 0.8.
  • BTC price mirrors equity moves amid recent tech market pullback.

Bitcoin remained in sync with the U.S. stock market. Recently, CryptoQuant’s data revealed that BTC has maintained a strong correlation with the S&P 500 and Nasdaq Composite Index. 

This trend has persisted since late 2024, highlighting its connection to traditional markets. Both indices have a high degree of connection, and the correlation coefficient is around 0.8.

The OG token followed a similar move when the S&P 500 started recovering in late September 2024. Their paths were aligned as both assets climbed into early 2025. 

Also, Bitcoin and the indices fell almost in tandem, even during the recent correction. This pattern has persisted for several months, showing consistency. Bitcoin continues to respond to overarching risk trends in the financial markets.

Bitcoin price & the Nasdaq composite index correlation
Bitcoin price & the Nasdaq composite index correlation | Source: CryptoQuant

In particular, the Nasdaq has had a more consistent relationship with Bitcoin. Since mid-August 2024, the correlation has remained close to 0.8. 

Bitcoin mirrored the move when the Nasdaq rose sharply through the final quarter 2024. Both assets peaked around the same time. Conversely, BTC also corrected when the Nasdaq corrected. This implied that Bitcoin behaved more like a tech asset in the current market.

Bitcoin Retests $74,800 Support Amid Long-Term Bullish Setup

The current pullback in Bitcoin has tested a significant support level at $74,800. This is the neckline of a long-term inverse head and shoulders (iH&S) pattern. 

Gert van Lagen, a technical analyst, stated that this neckline has been a central part of BTC’s ongoing four-year structure. Bitcoin bounced from this zone recently, and the trend is still intact.

bitcoin price
Source: Gert Van/X

The iH&S pattern started forming in 2021 and has continued through several market phases. It shows four clear bases for the step-by-step development of a parabolic trend. 

Bitcoin recently broke out through the Base 4 region, pulled back, and retested the neckline as support. This structure supported the ongoing bull trend’s momentum. 

It remained intact as long as Bitcoin avoided closing below this critical level on the weekly chart. The parabolic curve and the wave counts indicated the possibility of upward movement if the support is held. 

Measured moves and historical patterns indicated that the projected price path could hit near $300,000. However, the strength of the setup relies on Bitcoin keeping the neckline in the near term.

Equity Market Volatility is Reflected in Short-Term Moves

After a strong run from its 2024 lows, the price of Bitcoin topped nearly $100,000 in early 2025. Since then, it has corrected to just under $80,000. 

This correction coincided with similar declines in the S&P 500 and Nasdaq. This further validated the fact that Bitcoin is acting like a high-risk asset.

For the past 12 months, Bitcoin fell when U.S. stocks fell. When stocks rallied, Bitcoin followed. This relationship demonstrates how macroeconomic conditions like interest rate expectations and investor sentiment drive crypto prices.

Bitcoin price and the S&P 500 index correlation
Bitcoin price and the S&P 500 index correlation | Source: CryptoQuant

BTC is no longer an isolated digital asset but part of a broader market cycle. The charts indicate that it is often during large market moves when Bitcoin and stock indices are highly correlated. 

Bitcoin and both indices almost moved in lockstep from October 2024 to February 2025. The connection between price trends was, in fact, visible, even when the correlation dipped briefly. 

This pattern indicates that Bitcoin will probably continue reacting to changes in the wider financial markets.

Bitcoin Price Outlook Depends on Support and Market Direction

If Bitcoin can hold above the $74,800 level, its next move will depend on it. This zone has been the technical foundation of the current trend. 

If the price is above it, the bullish structure that started in 2022 remains intact. A level failure could lead to a deeper correction or delay further upside moves.

Investors are closely monitoring equity markets and Bitcoin for stabilization cues. Both the S&P 500 and Nasdaq are currently undergoing a correction phase.

Bitcoin’s short-term trajectory remains closely linked to the performance of stock markets. Its strong correlation with indices like the S&P 500 and Nasdaq underscores this connection.

Bitcoin could rebound if stock prices recover. If equities are sold under pressure, Bitcoin could also remain under pressure.

Ripple CTO Drops Cryptic ‘Good News’ Amid Crypto Bloodbath

Josh Alba
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0
Ripple CTO Drops Cryptic ‘Good News’ Amid Crypto Bloodbath

Key Insights:

  • Global financial markets recorded heavy losses this week, including sharp sell-offs across significant cryptocurrencies.
  • Bitcoin, Ethereum, and XRP each suffered significant declines, with total crypto liquidations surpassing $1.4 billion in 24 hours.
  • Ripple CTO David Schwartz posted a cryptic message during the downturn, quickly gaining attention across the crypto community.

Global financial markets suffered significant losses this week, including sharp declines across cryptocurrencies. Total crypto liquidations reached $1.4 billion when Bitcoin, Ethereum, and XRP experienced intense market sell-offs. In the middle of the turmoil, Ripple CTO David Schwartz posted a cryptic message that caught wide attention.

The market-related content was missing from Schwartz’s message, but its release at a strategic time made it popular among investors. When CNBC host Jim Cramer delivered his bleak market prediction to him, Schwartz replied in a way that suggested a market turnaround. 

Schwartz’s comment drew traction because of the ongoing popularity of the “Inverse Cramer” theory among crypto traders. The theory asserts that those movements tend to reverse whenever Cramer makes market predictions. 

The market decline caused investors to interpret Schwartz’s comment as optimistic and ironic. The post did not contain technical analysis but boosted market sentiment during the wild market movement.

Bitcoin Falls Sharply, But Analysts Predict Bottom Formation

The price of Bitcoin decreased by nearly 7% on Monday, spreading anxiety through all cryptocurrency exchange networks. The market decreased in value while the rest of Asia and Western regions experienced selling pressure. Traders responded by searching for potential reversal signals using chart patterns and technical indicators.

Technical expert Michael van de Poppe declared that Bitcoin achieved its minimum point in the recent trading period. Throughout this period of observation, the market showed oversold readouts and followed patterns of previous price levels. Market participants observed that price support levels developed near the $65,000 mark.

Despite the market’s bearish attitude, certain traders initiated new purchasing activities at reduced price points. The currency’s strength in its fundamentals, along with institutional purchasing power, drives this movement. 

Previous historical data indicates that abrupt price drops typically serve as indicators for short-term market rebounds.

Ethereum Suffers Losses Amid Broader Market Pressure

Ethereum followed Bitcoin’s path and dropped over 6% during Monday’s trading session. After the drop, Ethereum entered short-term losses, which carried the price level toward its March support region. The market’s withdrawal of positions caused a decline in Ethereum-linked derivatives trading liquidity.

Ethereum maintained strong foundational performance because the network continued operating reliably. The price drop did not disturb smooth, smart contract usage, and whale accumulation was observed in on-chain data. Ethereum gas fees decreased, indicating less congestion and lower network transactions.

The ongoing work of developers upgrading Ethereum 2.0 proved that investors remained confident about its future value potential. The analysis indicated Ethereum would lead against other alternative coins when macro-level uncertainty vanished. During this period, the prices on different major exchanges displayed substantial variations.

XRP Declines as Ripple CTO Sparks Market Buzz

XRP price fell more than 5%, following the simultaneous decline of the entire cryptocurrency market. Despite the drop, Ripple CTO David Schwartz’s cryptic post sparked widespread discussion online. His supposedly optimistic statement created a brief change in mood, although others took it as sarcastic.

The posted content mentioned financial analyst Jim Cramer’s prediction of a market collapse. Schwartz argued that Cramer’s inaccurate predictions indicated a potential market recovery. The retail trader mentality agreed with these investors, who placed wagers against Cramer when he made his market predictions public.

XRP maintained its price decline, but Ripple operated continuously as the company propelled its international operations forward. XRP continues to grow internationally with global remittance operations even though the United States faces regulatory ambiguities as investors view it as one of the strongest digital assets during price downturns.

Global Tensions Drive Sell-Off Across Markets

Equity markets saw significant market falls because of rising world trade conflicts throughout this period. Economic conflict fears resulted in a more than 10% decline for the Hang Seng Index. The establishment of new tariffs by Beijing against U.S. imports resulted in increased volatility across markets in Asia and America.

The Chinese sovereign wealth fund stepped in to boost local market indices, acknowledging the intense market challenges. Market sentiment stayed pessimistic because of growing international political tensions even after the intervention. The economic consequences of this event spread through three distinct categories: commodities, currencies, and technology stock values.

The simultaneous market downturn among different sectors indicated a close relationship between crypto markets and conventional financial sectors. The market pressure caused risk assets to experience continuous decline as investors chose cash along with stable assets for their holdings. In the past economic cycles, extreme fear between investors tended to signal major turning points.

Ethereum Faces Brutal Breakdown—Peter Schiff Warns Of More Pain

Anuj Bhor
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0
Ethereum Faces Brutal Breakdown—Peter Schiff Warns Of More Pain

Key Insights:

  • Ethereum price continues to decline as bearish momentum strengthens and market sentiment remains largely negative across the crypto space.
  • Economist Peter Schiff warns that Ethereum could fall below $1,000 due to weak fundamentals and poor technical indicators.
  • Schiff compares the current trend to Ethereum’s June 2022 price drop and shows no strong recovery signs.

Ethereum faces worsening market conditions as bear pressure increases while sentiments throughout the crypto sphere remain negative. Market analysts detected escalating sell pressure in the wake of price drops. That’s causing Ethereum to sink under crucial price points. The market’s failure to restore prices has strengthened warnings about additional price decreases.

Economist Peter Schiff made public predictions about additional price declines. He used technical and historical data to justify his views. 

During previous market conditions, Ethereum had demonstrated vulnerability. Schiff made this observation especially relevant to its June 2022 price decline. According to him, Ethereum faces additional depreciation because strong fundamental metrics and network indicators are missing.

As per Peter Schiff, the present performance of ETH indicates worsening conditions compared to Bitcoin, which he supports by referring to unfavorable ETH/BTC value trends. 

Ethereum continues to suffer losses against Bitcoin, which contribute to sustained fearful predictions for its future. According to Schiff, Ethereum provides minimum value when gold standards represent its price.

Peter Schiff Predicts Deeper Ethereum Price Crash

Ethereum experienced critical price drops across the weekend, forcing its value down to $1,400 until a slight price increase stabilized it. According to Schiff, the Ethereum token faces downward potential. It will push ETH price under the $1,000 mark because of consecutive market weakness. 

The altcoin market is facing persistent challenges, and Ethereum feels more downward pressure because of this situation.

The recent market adjustment proves a 20% one-day reduction, which reveals the severity of the current selling activity. According to Schiff, history shows that such price corrections tend to repeat themselves, and he forecasts a future market crash. He confirms that Ethereum holds vulnerable price patterns because no significant support points are nearby.

The distance to resistance points is extensive enough to keep recovery efforts fragile and motionless. The trend for Ethereum markets continues downward, largely undeterred by brief daily rises in value. 

Schiff bases his analysis on a widespread economic weakness that significantly pressures cryptocurrency value assessments.

Ethereum Weakens Against Bitcoin and Gold

Ethereum is worse than Bitcoin in terms of market performance, given that the ETH/BTC pair has been demonstrating continuous downward movement for multiple weeks. According to Schiff, this indicates that investor faith has weakened while money returns to Bitcoin. 

He bases his belief on the current ETH/BTC downtrend to show that Ethereum faces intensified selling pressure compared to other leading digital assets.

Schiff labeled Ethereum charts the worst among all other benchmarks based on the gold-based technical analysis. The ratio strongly rejects expected support levels, backing up future price projection forecasts for continued decline. This indicates that Ethereum has minimal actual value in digital marketplaces.

All price indexes show declining values for Ethereum, which indicates a fundamental technical problem with its underlying system. According to Schiff, the current market trend of Ethereum matches past breakdowns, which led to subsequent price decreases. 

The continuing price weakness between Ethereum and digital and traditional assets could result in significant depreciation for Ethereum.

ETH Struggles Below Key Support Levels

The 24-hour price movement of Ethereum demonstrates its current value of $1,556.3, a 1.45% decline since yesterday. Ethereum tokens rallied to $1,636.7 throughout this period before falling to $1,411.2. Market instability demonstrates bearish dominance because Ethereum cannot maintain its basic short-term price support.

Ethereum has experienced a continuous price decline since March 2025, giving up consecutive important support levels. The asset is currently at levels beneath the major exponential moving averages. That indicates sustained negative market sentiments for the long term. 

Ethereum’s current price position shows deep weakness. That’s because it rests far below all four exponential moving averages, which stay at elevated levels.

Technical indicators validate negative readings because Ethereum is in an oversold region at a Relative Strength Index (RSI) value of 27.40. The average measured by RSI is 37.49, which indicates that brief-term market energy remains inadequate. 

Even though Ethereum remains in an oversold condition, no definitive indications of a market rebound have been established.

ETH/USD 24-hour price chart
ETH/USD 24-hour price chart | Source: TradingView

The MACD indicator indicates that additional price decline risks persist because it shows an expanding difference between its MACD and Signal lines. The MACD line shows -123.9, and the Signal line shows -106.0 to indicate higher bearish divergence patterns. 

Market data, through a histogram, reveals extensive selling pressure at -18.0, thus demonstrating the absence of a bullish trend.

Hong Kong Opens Door To Crypto Staking, But There Is A Catch

Jackson Kelley
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0
Hong Kong Opens Door To Crypto Staking, But There Is A Catch

Key Insights:

  • Hong Kong has started permitting licensed virtual asset trading platforms to offer staking services to clients under strict conditions.
  • The Securities and Futures Commission announced the policy change during the Hong Kong Web3 Festival 2025.
  • The new circular requires platforms to fully control client assets without using third-party custodians.

Hong Kong has taken a definitive step by allowing licensed virtual asset trading platforms to offer staking services to clients. The Securities and Futures Commission (SFC) announced this new permission during the Hong Kong Web3 Festival 2025. This change shows a new strategy to regulate digital assets within Hong Kong.

Return-generating activities related to client assets can now operate because the regulations have changed following an earlier prohibition. The updated policy forms part of Hong Kong’s broader plan to strengthen its virtual asset infrastructure. It also reflects a growing alignment with global standards for digital asset regulation.

Crypto staking services, which operate in Hong Kong, must follow a strict set of new operational, disclosure, and security requirements. A new circular from the SFC established all the obligations platforms must meet. 

Along with increased investor protection, the conditions also implement regulations that boost transparency from cryptocurrency companies operating in the city area.

Hong Kong Sets Strict Rules for Crypto Staking

The staking services of licensed virtual asset trading platforms (VATPs) require clearance from specific deployment requirements. All client assets managed by these trading platforms require complete control or possession by the platform operators. The new guidelines specifically forbid all VATPs from working with external custodians.

hong kong
Source: X

Organizations need to build and sustain powerful internal control systems to prevent operational threats. Stakeholder safety remains protected through adequate measures against hacking attacks, validator inactivity, and software failures that threaten asset safety. Every internal policy must receive regulatory inspection status due to its existence as documented records.

Crypto Staking protocols must provide complete program information to their customers on application websites and platforms. The platform must disclose the costs, restriction periods, unstaking details, and stakeholder security risks to users. Platforms must explain their methods for managing slashing incidents and other hazards of potential loss.

All staking outsource operations from platforms require regular assessment of security measures from external providers. VATPs need ongoing access to inspect the third party’s infrastructure, assess their track record, and manage all risk systems. External arrangements for the platform must meet SFC requirements while following the platform standards.

The SFC demands written authorization from VATPs who wish to provide crypto staking services. Hong Kong’s Commission will assess each platform’s preparedness for the issuance of customized licensing conditions. The firm’s License Agreement will contain these terms, which become legally binding.

Staking Requires Full SFC Pre-approval

The SFC grants special permission for Virtual Asset Funds to participate in staking when they fulfill the established guidelines. Staking activities from authorized virtual asset funds need to be conducted exclusively through licensed VATPs and approved institutional partners. Tight constraints exist to monitor asset holding and operational visibility for such purposes.

Staking-related activities from these funds need SFC approval before starting their operations. The management of crypto staking limit requirements effectively protects against possible liquidity risks to which these funds are exposed. The SFC performs proposal assessments, which include an evaluation of fund structure and operational capacity assessment.

The chosen staking activities should match the fund’s investment plans and risk management parameters. All information about staking activities, together with projected returns, must be present in official fund disclosures. Funds’ reporting duties include showing metrics related to performance and explaining losses from penalties applied to validators and network failures.

Approved funds should preserve complete documentation about their staking activities. It must show funds’ validator selection methods, performance reviews, and risk management plans. Updates regarding the staking activities need to be sent immediately to the SFC and other relevant stakeholders.

The regulatory guidelines avoid dangerous asset exposure yet actively support innovations within the virtual asset industry. This standard guarantees the protection of investor interests when operating in varied market settings. Crypto staking activities require participation from well-governed, qualified funds since governance is an eligibility requirement.

Dogecoin Whale Dumps 300M DOGE: Is A Deeper Crash Incoming?

Anuj Bhor
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0
Dogecoin Whale Dumps 300M DOGE: Is A Deeper Crash Incoming?

Key Insights:

  • A Dogecoin whale transferred 300 million DOGE worth around $41.77M to Binance on April 7.
  • This transaction triggered a 15% price drop, bringing DOGE to a low of $0.13 within 24 hours.
  • The large-scale deposit increased DOGE’s exchange supply and contributed to growing selling pressure.

A massive Dogecoin (DOGE) transaction sparked intense volatility in the market at the beginning of the week. On April 7, a whale wallet moved 300 million DOGE, worth approximately $41.77 Million, to Binance. 

This large transaction added significant selling pressure and pushed DOGE into a rapid price decline. Following the transfer, Dogecoin dropped nearly 15% within 24 hours and reached a low of $0.13. 

The transaction was performed by the whale located within the DU8gPC5mh4KxWJARQRxoESFark2jAguBr5 wallet. This activity raised concerns as it increased DOGE’s circulating supply on the exchange.

Dogecoin Transaction
Dogecoin Transaction | Source: Whale Alert

When the price descended, it occurred while the cryptocurrency market experienced a broader sell-off period. It intensified due to worldwide market instability. 

During periods of macroeconomic shifts, Bitcoin, Ether, and other major cryptocurrencies faced significant market value declines. 

These reductions were observed across the broader cryptocurrency market. Dogecoin’s sharp drop signals potential instability as more investors react to whale movements.

Dogecoin Breaks Support Amid Market Chaos

Cryptocurrencies experienced more intense selling behavior after new geopolitical events caused worldwide economic disturbances. The market dropped after Donald Trump implemented new reciprocal trade measures that damaged global financial markets and risk-oriented assets. 

Cryptocurrencies reacted sharply, and Dogecoin’s fall paralleled the market-wide stress. As economic fears mounted, investors responded by reducing their exposure to volatile assets such as Dogecoin.

The marketplace remains affected by political events because these developments steer market attitudes toward pessimism. DOGE’s drop below $0.17 signaled a technical breakdown, reflecting weak support from its trading range.

Dogecoin lost key support levels during this period and has remained under pressure ever since. The current market performance demonstrates compounded effects between economic instability and substantial token market fluctuations. 

Current conditions suggest that DOGE may continue facing downside pressure without a reversal signal.

DOGE RSI Signals Possible Trend Reversal

Market analysts presented opposing outlooks following the whale dump and DOGE’s sharp decline. Analyst Berke Oktay indicated that the $0.17 price support loss creates space for further price dipping. 

The signs from trading technology indicators weakened, and he predicted heightened risks at these essential price points. However, analyst Trader Tardigrade highlighted a second bullish divergence in the Dogecoin Relative Strength Index (RSI). 

Despite falling prices, he argued that rising momentum showed signs of a possible flipping of market trends. The market experiences this pattern before it enters recovery phases throughout its cycles.

dogecoin usd
Source: X

Though DOGE declined sharply, data from CoinGlass showed persistent outflows from spot markets beginning mid-November 2023. These outflows suggest holders continue withdrawing DOGE from exchanges, possibly reducing immediate selling pressure. 

Prolonged negative netflow activity suggests market participants are committed to holding their DOGE positions. This trend reflects a medium- to long-term investment strategy.

Dogecoin Outflows Rise Despite Price Decline

In November 2023, Dogecoin experienced a sharp price rally, rising to nearly $0.40 as exchange netflows peaked. The exchange deposits reached significant high points when short-term profit-takers engaged in the market. 

Throughout December, bigger withdrawal amounts started to appear, and growth occurred. Since early 2024, DOGE has seen multiple sharp exchange outflows exceeding -$100 Million, including in March. 

The market data shows that decreasing platform withdrawals from sellers precede buying patterns. This could mean investors are storing their tokens in reserve warehouses. 

The exchange supply of DOGE is lower than during the previous market peak despite the decreasing token prices.

DOGE Inflow/Outflow
DOGE Inflow/Outflow | Source: CoinGlass

Dogecoin traded at around $0.1484, down significantly from its November highs. The trend displays mixed market sentiments because of outflows and a weakening price direction. 

In the context of long-term market confidence, whales’ short-term selling aligns with the decreasing supply on trading platforms. This trend reflects broader market dynamics influencing cryptocurrency activity.

Strategy of Michael Saylor Faces Bitcoin Losses & Market Strain

Jackson Kelley
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0
Strategy of Michael Saylor Faces Bitcoin Losses & Market Strain

Key Insights:

  • Strategy, formerly known as MicroStrategy, halted its Bitcoin purchases between March 31 and April 6.
  • The purchase pause is unusual, as the firm has regularly acquired Bitcoin bi-weekly since 2020.
  • Bitcoin’s drop below $80,000 coincided with Strategy’s halt, raising concerns about its investment outlook.

MicroStrategy, now rebranded as Strategy, led by Michael Saylor, didn’t buy any Bitcoin between March 31 and April 6. The company paused its routine stock purchases to raise capital through share sales. 

This strategy has established a consistent weekly cycle. When the company paused its Bitcoin acquisition, Bitcoin’s price significantly declined to $80,000.

$MSTR
Source: X 

The organization extensively acquired its assets immediately before this brief duration. In late March, Strategy made two substantial purchases totaling 22,048 Bitcoin. It spent $1.92 Billion after obtaining 6,911 Bitcoins worth $584 Million earlier.

The sudden suspension demonstrates concern over Strategy’s belief in existing crypto market trends. The suspension reveals a careful investigative period instead of a short-term postponement. 

Strategic Analysis showed that the Bitcoin purchase prices averaged $94,922 during the first quarter. Current Bitcoin prices being lower than their buying level exposes the company to the possibility that its value will become negative.

Michael Saylor’s Strategy Faces Pressure Amid Bitcoin Losses

Strategy currently possesses 528,185 BTC worth $35.63 Billion, which it obtained by spending $67.458 per Bitcoin. The current market slump has driven the company to report a $5.91 Billion unrealized loss in the first quarter of this year. 

The sharp price drop suggests growing threats to maintaining its future accumulation plan. The unrealized loss reveals the narrow financial space between gains and losses when operating with a substantial Bitcoin holdings position. 

A substantial Bitcoin price decline might require Strategy to evaluate its investment assumptions. The firm could encounter difficulties from the increasing loss, which may cause it to consider selling its assets.

The reaction could become harmful when Bitcoin moves to the market, regardless of the payment method. 

The organization of Michael Saylor currently possesses more than 2% of the total Bitcoin supply in the market. Major sales procedures lead to market fears that additional price declines could occur.

MSTR Stock Falls Amid Market Turmoil

Strategy’s stock trades under the ticker MSTR and has decreased by 13%. This led to current market prices of $256 per share. The investment value has decreased with Bitcoin’s value reduction and responded to broader market movement. 

New tariffs unveiled by former President Donald Trump caused widespread disturbances in the stock market. This week’s opening trades revealed a 3.5% reduction in the S&P 500 index. It is approaching bear market criteria. 

Stock fluctuations on the Nasdaq have also caused the MSTR value to decrease. Strategy’s stock performance has eliminated every gain achieved throughout this year. It currently presents an 8% decrease for 2025.

MSTR
MSTR stock Performance | Source: Google Finance 

The business performance closely correlates with Bitcoin’s market value. However, strong macroeconomic pressures increased its financial losses. 

The ongoing crypto price drop and trade war are adding stress for MSTR shareholders. These negative factors increase the risks of a further market value decline.

Higher trade tariffs could reduce investor confidence in MSTR, which Michael Saylor had established in years. This shift might lead to decreased investments in such sectors. 

Whales Keep Buying as Strategy Stands Still

Strategy, the Bitcoin holding company of Michael Saylor, has paused its operations amidst ongoing acquisitions by major Bitcoin holders. This development reflects a shift in market dynamics. 

Glassnode observed top accumulation activity from wallets owning over 10,000 BTC during the early parts of this month. The accumulation score displayed maximum value points that indicated massive purchasing behavior lasted for 15 days.

BTC Accumlation Trend
BTC Accumlation Trend | Source: Glassnode

The score descended to 0.65, but evidence indicates that whips remain interested in buying Bitcoin. Institutional holders maintain their optimism for Bitcoin investments even as market conditions decline. 

The environment remains uncertain, and there is a high level of reactivity. According to CryptoQuant leader Ki Young Ju, the bull market seems to have reached its end. 

BTC Growth
Source: X

Appearing cautious indicates whales may experience danger when the price shows signs of dropping further. The continued accumulation of Bitcoin does not guarantee that recent acquisitions will yield profits.

US Agencies To Disclose Crypto Holdings By April 7: What’s Cooking

Josh Alba
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0
US Agencies To Disclose Crypto Holdings By April 7: What’s Cooking

Key Insights :

  • The U.S. government requires all federal agencies to report their cryptocurrency holdings to the Treasury Department by April 7th.
  • President Donald Trump signed an executive order in March 2025 that mandates the creation of a centralized crypto oversight framework.
  • The Department of the Treasury, led by Secretary Scott Bessent, will collect confidential reports from all relevant federal agencies.

The U.S. government mandates all federal agencies to report their crypto holdings. These reports must be submitted to the Treasury Department in full detail. President Donald Trump signed the executive order, which became the basis for the directive in March 2025. 

With this shift, the U.S. government has established a new framework for dealing with digital assets. Under Secretary Scott Bessent, the Department of the Treasury must obtain disclosure reports from all applicable agencies before April 7th. 

According to this initiative, all entities must streamline crypto asset oversight through a newly developed digital asset strategy. The submitted paperwork requires confidentiality at this time despite agency requirements.

crypto holding
Source: X

Through the executive order, Washington approved the creation of the Strategic Bitcoin Reserve. This decision is part of two major international financial initiatives.

Bitcoin is the leading financial asset in the reserve’s crypto holdings. However, the stockpile also includes other cryptocurrencies beyond Bitcoin. Washington has shifted its digital currency policy through this systematic approach.

U.S. Government’s Strategic Approach to Crypto Holdings

The government will securely store Bitcoin assets acquired through civil and criminal proceedings. These assets will be included in its crypto holdings within the Strategic Bitcoin Reserve.

The current policy mandates that BTC assets under Treasury control will populate the reserve fund. However, its funds cannot be used for liquidations. 

Officials decided to hold Bitcoin assets as long-term reserves because they seek protection against economic instability. All agencies must assess the transfer authority of captured Bitcoin into a centralized reserve. 

This single policy establishes a standard way of operation between departments without violating existing regulatory boundaries. Common asset management standards will be established through oversight from the Treasury division.

During his tenure as AI and crypto czar, David Sacks acknowledged past mistakes by the U.S. in handling Bitcoin sales. He confirmed that Bitcoin was previously sold below market value.

The administration stressed that BTC holders should keep their assets instead of making early disposals. The Strategic Reserve integrates Bitcoin as a vital national asset with this updated approach.

XRP, SOL, ADA Join Federal Crypto List

The Digital Asset Stockpile, which operates with the BTC reserve, includes digital assets that exceed Bitcoin alone. President Trump includes XRP alongside SOL and ADA cryptocurrencies within the stockpile included in his portfolio. 

He then included Bitcoin and Ethereum to demonstrate increased diversification of crypto holdings. The Treasury will operate the stockpile, yet asset sales might happen if strategic requirements emerge. 

The stockpile reserve has conditions that differ from the Bitcoin reserve because it allows structure for liquidation. Federal agencies with different digital assets will apply the structure to determine appropriate interactions.

The objective focuses on implementing responsible administrative control of government cryptocurrency management while maintaining transparency. 

Every agency must declare the specific cryptocurrency types and stock quantities to authorities. Ultimately, the Treasury reviews the assets against their place in the policy structure.

April Tariffs Trigger Crypto Value Slide

In March 2025, the Strategic Bitcoin Reserve declaration created positive sentiments in cryptocurrency markets. However, the crypto space lost its optimism completely when the administration announced April 5 tariff increases. 

The quick trade modifications introduced worldwide market uncertainty while lowering the value of crypto assets. All nations faced a 10% tariff from the U.S., while the EU, Japan, and China received higher tariff rates. 

Due to these tariffs, global trade tensions worsened. Consequently, expectations of an increase in uncertainty and volatility are rising. The market sentiment formed after this news led to an 8% decline in the total crypto capitalization value.

Bitcoin rose 3.02% over the past 24 hours to settle at $79,814.63 after hundreds of billions of dollars worth of trades. Analysts connected the market decline mainly to macroeconomic factors instead of the new crypto policy release. 

Most analysts interpret the creation of the Federal Reserve as a strategic step that will eventually normalize the market. The federal government’s agencies must complete and send their cryptocurrency reporting to the Treasury Department no later than April 7th. 

The scheduled date marks a key milestone in establishing the structure of the government’s crypto holdings. It also ensures accountability for these digital assets. Agencies must provide detailed reports about currently owned or seized cryptocurrencies.

BTC Faces Increased Uncertainty As Miners’ Market Cap Drops By $12B

Jackson Kelley
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0
BTC Faces Increased Uncertainty As Miners’ Market Cap Drops By $12B

Key Highlights:

  • Bitcoin miner market cap drops from around $36B to nearly $20B.
  • Correlation between BTC price and miners hits multi-month low.
  • Technical breakdown points to a potential drop toward $69.5K or lower.

Bitcoin price is under pressure amid new data showing a steep decline in the market value of crypto mining companies. 

According to market analysis platform Alphractal, the total market cap of publicly traded Bitcoin miners has fallen by almost $12 Billion and is back in the range of $17 Billion to $20 Billion.

It moves back to levels not seen since early 2024.

However, at the same time, analysts have noticed a decreasing correlation between Bitcoin’s price and the value of these mining stocks. 

This has historically been one of the strongest correlations of future Bitcoin price movements. 

A breakdown between these two relationships often means price volatility is coming.

Bitcoin Drops Below $81,317, Mining Stocks Lose Value

Crypto mining companies’ total market cap has fallen from a high of about $36 Billion to around $20 Billion.

Bitcoin’s price action, which is currently trading at $76,968.95, down from the recent high of over $100,000, mirrors this steep drop.

bitcoin price
Bitcoin total market cap of miners | Source: Alphractal

The chart above from Alphractal is Bitcoin’s price against the total market cap of mining companies. 

Bitcoin’s price is represented by the black line, and the blue line is the market cap. They moved together in rallies in 2021, 2024 and early 2025.

However, as Bitcoin tries to hold above $75,000, the mining market cap fell sharply.

Bitcoin miners` index
Bitcoin miners` index | Source: Alphractal

Additionally, the second chart depicts the Bitcoin Miners’ Index, which also dropped from its 2025 high of over 4,200 to nearly 2,500. 

A sharp drop in this index indicates weakness in the mining sector.

Furthermore, the third chart adds another layer to this. The correlation between Bitcoin’s price and the market cap of miners is shown historically. 

If the correlation is high, near 1, then prices and market cap are moving together. 

However, when it falls below 0.5, or even into the negative, it is a sign of a disconnect. 

Correlation has fallen sharply in the latest reading, something that has preceded strong trend changes in the past.

Bitcoin correlation with miners` market cap. Source: Alphractal

According to Alphractal, mining stocks are the most correlated with Bitcoin’s price, more than any other known stock. That correlation is starting to drop again, now.”

Breakdown Pattern Suggests Further Downside for Bitcoin

Meanwhile, according to a recent technical chart from CryptoBullet, Bitcoin’s daily chart is forming a bearish symmetrical triangle. 

This tends to be a breakout pattern, and in this case the price has broken to the downside. 

Currently, Bitcoin is trading below $82,000, which is below the lower support trendline of the triangle.

BTC Price
BTC 1-day price chart. Source: X

Analysts are watching three key levels if the pattern continues to play out. 

The first target is close to $76,000, a level that is very close to the 200-day moving average, which has often provided strong support in the past. 

If that does not work, the next zone of interest is around $69,500, which is a deeper correction.

A further breakdown could take the price towards $64,500, which would be a complete retracement of the gains from earlier in the year. 

Fibonacci extensions and recent support zones are used to calculate these targets.

Why the Drop in Miner Market Cap Matters for Bitcoin

The revenue for bitcoin mining companies comes mainly from block rewards and transaction fees. 

Higher prices mean profit margins are better and, as such, miners often see their stock values rise when Bitcoin prices rise. 

However, despite Bitcoin staying above $75,000, the mining stock values are falling.

This could be a result of growing miner profitability concerns. Block rewards will be cut from 6.25 BTC to 3.125 BTC in the upcoming halving in 2028. It means that for the same amount of work, miners will earn less Bitcoin. If prices don’t fall, or even rise, many smaller miners will become unprofitable.

Now that investors are paying more attention to the mining sector, this is especially important. 

Bitcoin has a history of losing momentum when miners start to struggle financially. 

The falling correlation with the price of Bitcoin and the sharp drop in mining stock value could be early signs that investors are preparing for volatility ahead.

Will XRP Price Rebound To $3 Amid These Bullish Indicators?

Jackson Kelley
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0
Will XRP Price Rebound To $3 Amid These Bullish Indicators?
  • XRP open interest surged 25% to $4B, signaling strong market participation.
  • XRP price hit $3 after crypto reserve news but corrected to $2.52 amid profit-taking.
  • XRP futures and options activity soared, reflecting increased bullish sentiment.

XRP price recorded a net inflow of $94.87 for the day, which makes it the third highest net increase on daily record. The trading volume surpassed $4 billion, which created a new multi-month high of the XRP price. Chad Steingraber speaking in the same light also stressed this rise which supports the bullish trend.  

These huge inflows, therefore, suggest growing interest from institutional investors. Such a surge points to the possibility of big investors manipulating the market to build a large position. XRP with a seemingly solid vertical movement in the price reflects the positivity that is being seen in the market recently.  

Open Interest Soars 25%, Signaling Strong Market Activity  

According to data from CoinGlass, OI skyrocketed by 25% in 24 hours to reach the $4 billion mark. This a clear indication that there is active trading happening with investors taking up more futures contracts boldly. The trading of options increased exponentially and the Open Interest grew by 910% reaching $3.22 million .  

An up-tick in the open interest, paired with a higher price level, indicates that traders are becoming more bullish. Market participants continue to observe whether this is a trend that will continue or lead to higher volatility.

XRP Price Action: Sharp Rally and Profit-Taking  

In early March, the price of XRP surged to $3.40 before starting to pull back. At the time of writing, XRP price traded at $2.0252, which is 7.94 % higher than it was at the start of the day. The asset reached its high in the last one day period at $2.2563 while its low was recorded to be at $2.0032.  

The downward movement of the price could be attributed to profit taking following the sharp move up. However, the trading volume is still high and has only dropped to over $2.4 billion in the last 24 hours. From the weekly chart we can identify a parabolic movement accompanied by a correctional phase.  

Moving Averages and Key Support Levels  

The five-day moving average stands at $2.4592, while the ten-day moving average is at $2.5265. The thirty-day moving average remains lower at $1.5037, reflecting the recent uptrend. If XRP holds support at $2.00, buyers may regain control.  

The relative strength index (RSI) shows overbought conditions, signaling a possible retracement. If selling pressure persists, XRP price may struggle to reclaim higher levels. Traders are watching for a consolidation phase before another potential breakout.  

Additionally, XRP inclusion in a crypto strategic reserve fueled market optimism. The reserve also features Bitcoin, Ethereum, Cardano, and Solana. The announcement triggered an immediate rally, pushing XRP price from $2.17 to $3.02.  

Uncertainty remains regarding the reserve’s size and purchase structure. Investors are also monitoring Ripple’s ongoing legal battle with the SEC. The outcome could impact long-term market sentiment and regulatory positioning.  

Whale Accumulation and Price Outlook  

As for whales, their activity does not slow down, and the number of large investors with large packs of XRP only increases. The crypto analyst Alien Martinez also revealed that whales have bought 270 million XRP over the weekend. This accumulation means that investors are becoming more optimistic even when there is volatility in the market.

However, to maintain an upward trend, XRP price needs to stay above $2.60. If the price rises above $3, there are expectations of a retest at $4.2 and $5. More declines in support could result in additional corrections.

South Korea Lifts Ban On Institutional Crypto Trading, Analysts Cheer

Jackson Kelley
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0
South Korea Lifts Ban On Institutional Crypto Trading, Analysts Cheer
  1. South Korea’s FSC lifts a seven-year ban on institutional crypto investments.
  2. Initial phase permits law enforcement and educational institutions to sell crypto.
  3. Analysts predict that most of 2025 will be characterized by increased liquidity and significant price movements.

For years, South Korea’s Financial Services Commission (FSC), the country’s primary financial regulator, imposed strict restrictions on corporations and banks regarding virtual asset trading.

This ban, enacted in 2017, aimed to restrain “overheated speculation” amid concerns over market volatility and money laundering. However, after a lengthy seven-year halt, the stance is shifting.

On Thursday, February 13th, the South Korea’s government announced a significant policy change. They announced that they will start allowing corporate institutions to engage in the cryptocurrency market once again.

While responding to the growing global interest in the sector. The FSC has unveiled the results of a month-long consultation and provided the “Roadmap for Corporate Participation in the Virtual Asset Market.” This outlines a long process of 2025 to lift the ban on institutional trading of cryptos.

Moreover, the initiative seeks to facilitate the gradual integration of corporate entities into the crypto market while prioritizing user safety and financial stability.

The FSC confirmed a phased method to institutional adoption, ensuring that financial stability and investor safeguards remain at the forefront.

This strategic move positions South Korea alongside global markets that are already welcoming institutional crypto trading. Keep reading to know more.

South Korea Rolls Out Phased Crypto Access After 7-Year Ban

South Korea’s financial regulator has officially lifted the seven-year ban on institutional investors. This likely comes as a response to the increasing global demand for crypto investment products.

Under the new regulations, South Korea will allow companies listed on the local stock exchange to trade digital assets, including popular cryptocurrencies.

The FSC has outlined a step-by-step roadmap in its press release to facilitate business’s access to crypto markets.

As per their roadmap, in 2025’s initial phase, law enforcement agencies, non-profits, and educational organizations will be permitted to sell cryptocurrencies like Bitcoin and Ethereum.

This framework aims to provide institutions with access to crypto assets while ensuring regulatory oversight.

Under this development, the Law enforcement agencies will be the first to utilize this system, particularly when selling confiscated cryptocurrency assets.

Also, the National Tax Service and the Korea Customs Service will also be involved. Which will be creating a structured approach to managing various crypto-related law enforcement matters.

Moreover, in the second quarter of this year, universities and charitable organizations will receive approval to convert their crypto donations into standard currency.

For that to rollout smoothly, the government has established internal control guidelines to ensure efficient management of cryptos within these institutions. Which by introducing a systematic method for handling crypto-based donations.

Looking ahead, South Korea also plans to launch a pilot program for institutional investors in the other half of 2025.

Where, in H2 of 2025, the selected corporations will be able to open real-name trading accounts for investment purposes. The FSC has partnered with over 3,500 authorized companies to facilitate this transition.

Also, the authorities will prioritize established businesses with experience in high-risk financial products.

Meanwhile, firms that the Capital Market Act governs are seen as competent risk managers, that could help mitigate financial market fluxes while nurturing responsible crypto usage.

Notably, this initiative does not include financial institutions, as regulators believe that involving banks could endanger the stability of the entire banking sector.

Authorities intend to monitor developments closely before considering any future expansions of the program.

Analysts Views on South Korea’s Regulator Changed Stance

Furthermore, analysts like Ashcryptoreal have expressed optimism about the recent developments in the cryptocurrency sector, witnessed by the lifting of the ban from South Korea.

SInce it is evident that the current $3.17 Trillion crypto market is poised to experience increased liquidity and trading volume.

This surge could potentially drive prices higher for many altcoins as well as top cryptocurrencies.

Moreover, few months ago, in a previous statement on X, the CEO of CryptoQuant pointed out that South Korea is the second-largest crypto market globally, with an impressive 93% of trades occurring in altcoins and only 4% in Bitcoin.

Through this observation, Ju hinted at the impending lift of the ban, suggesting that we are entering an “altseason.”

Now that the ban has been lifted, Ashcryptoreal believes that the volume of market participation in 2025 will be substantial. Which could be paving the way for significant price movements across the board.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Chainlink Price Rebound Incoming? TD Sequential Hints At A Big Move

Jyotsana Chaudhary
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0
Chainlink Price Rebound Incoming? TD Sequential Hints At A Big Move

Key Insights

  • LINK’s TD Sequential indicator flashes a buy signal with potential rebound toward $21 or even $23.
  • 78% of holders are in profit, with key resistance at $20 and strong support at $15.
  • Technical indicators and on-chain metrics signal a major move ahead.

The crypto market exhibited mixed trends over the past two weeks as sentiment shifted from bullish to bearish warnings. As Bitcoin price continues to struggle around the $96k mark, major altcoins faced volatile swings and stayed in a narrow range.

Despite the market uncertainty, Chainlink price has the potential to rebound and could see a major upswing as evidenced by the buy signal emerging from the TD Sequential indicator.

At press time, LINK price was trading at $18.64, witnessing a rise over 1.20% in the past 24 hours. Its market cap stood at $11.89 Billion, ranked 11th in the overall crypto market.

The trading volume soared over 51% to $417 Million and the total supply stands at 1 Billion.

Buy Signal from TD Sequential: Price Surge Incoming?

A recent post on X by Ali Charts revealed that the technical analysis tool TD Sequential indicator signaled a buy signal on the daily chart.

According to the analyst, Chainlink crypto looks poised for a rebound toward $21 followed by $23. Such signals in the past have often preceded upward price movements, making it a focal point for traders anticipating a rebound.

https://twitter.com/ali_charts/status/1889631535743287672

While its price range fluctuated between $15-$20 in the past week, traders are closely watching a move beyond the $20, where Bollinger band is also squeezing and signals a major move ahead.

On-Chain Data Highlights Key Price Levels

Data from IntotheBlock showed that 78% of PEPE holders are profitable, with strong support established between $14 and $16, where most holders accumulated the token around the 200-day EMA mark.

However, approximately 22% of holders remain unprofitable with potential resistance expected between $20-$22, as these holders may sell to recoup losses.

Holders Data | Source: IntotheBlock
Holders Data | Source: IntotheBlock

Furthermore, the daily active addresses have surged over 1.18% to 3900, replicating rising investors interest and broader usage of the network.

Addresses Stats | Source: CryptoQuant
Addresses Stats | Source: CryptoQuant

As the market sentiment stabilizes, the combination of TD sequential buy signal coupled with holders’ bullish sentiment, could fuel a bullish rally.

Chainlink Price Prediction: Factoring in Indicator Signals

LINK is consolidating around the $20 mark. This signals mixed sentiments regarding its next move. While the TD Sequential indicator pointed toward a buy signal, the ongoing sentiment in the market still revealed uncertainty among the investors.

Until the Chainlink price breaks past the $22 mark, the token may continue to hover around its 200-day EMA support zone.

The next LINK price movement may result from whale participation because these whales control 67% of all LINK units in circulation.

The Relative Strength Index (RSI) line was at 38, representing oversold signals. It showed that bears continue to dominate, while bulls are trying hard for a potential reversal.

Litecoin Price Nearing Resistance Zone & Analysts Suggest An Upsurge

Josh Alba
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Litecoin Price Nearing Resistance Zone & Analysts Suggest An Upsurge

Key Insights

  • Litecoin price has surged by 25% in a week.
  • RSI has displayed a golden crossover which signals a bullish forecast
  • Despite the recent general market correction, nearly three-quarters of LTC holders are still profitable.

Litecoin (LTC) price has undergone a correction phase after a bullish rally. It has been struggling in a parallel channel and nearing a support zone of $140.

Litecoin price has overtaken the 20-day EMA during this bullish trend, indicating the strength of the buyers. The price has risen 20% over the last few days, forming two powerful marubozu candlesticks.

The price of Litecoin has been strongly rejected from the $140 range since December. The price was getting close to this zone once more, although sellers had dominated three times.

Litecoin Price Gains Momentum: Analysts Weigh In

@ali_charts is a crypto analysis page on X that has shared an analysis of the Litecoin price forecast. This news indicates that the LTC price has the potential for a bullish rally. The significant increase that occurred at the session’s close of $127.98 indicated that buyers were actively driving Litecoin higher. But if LTC can maintain a close above the crucial $141 mark, that will be the key to a stronger rally.

Crossing this level, which has historically served as a strong resistance, could greatly increase bullish sentiment and possibly push the price toward the next resistance levels, which are located around $152 and, eventually, the $170–$200 range.

Source: X

On the other hand, Litecoin’s price could retrace if it is unable to sustain its upward trend and close convincingly above $141. Levels of immediate support could be between $120.50 and $114.50.

LTC may test additional supports down to $108.50 or even lower if these levels are broken, wiping out recent gains.

Although the uptrend is present, the movement isn’t yet verified as a distinct breakout, according to the market dynamics as of right now.

If resistance remains strong, traders should be cautious of a possible fallback or wait for a sustained close above $141 for a bullish confirmation.

Can Litecoin Price Flip Resistance Zone to Support Zone?

When writing, Litecoin crypto was trading at $121.72 which has remained neutral over the past 24 hours. The market capitalization was $9.28 billion and the 24-hour trading volume was around $1.51 billion.

Litecoin price prediction indicates that the price is approaching the $140 resistance zone after leaving the support zone. Because of the bullish market sentiment at the moment, the likelihood of a breakout rises.

LTC/USD 1-D Chart | Source: TradingView

It might be a bullish indication if the price breaks out of the $140 resistance level. Strong buying momentum is expected once the price is maintained above the $140 range. RSI has triggered a golden crossover with the RSI-based moving average which showcases the bullish forecast.

The top coin with bullish momentum in the support zone is Bitcoin. It could have a bullish effect on the altcoins if it starts a bullish momentum.

It is anticipated that the price of LTC will hit $200 in the coming weeks following a successful breakout. The bullish forecast is demonstrated by the golden crossover that the RSI-based moving average has produced.

On the other hand, sellers might take the lead if the price encounters resistance from the $140 resistance area.

Sellers may push the price down to the $95, support zone if the price of Litecoin creates any bearish candlesticks in this range.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

XRP ETF Filing On Nasdaq: Bullish Catalyst For A Rally?

Josh Alba
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XRP ETF Filing On Nasdaq: Bullish Catalyst For A Rally?
  • Nasdaq filed to list XRP and Litecoin ETFs, boosting crypto adoption.
  • Experts note that XRP ETF has 65% chances of approval this year.

The ongoing market speculation regarding the potential approval of XRP ETF has boosted market optimism about the upcoming price rally.

Ripple (XRP) price saw an intraday price surge of over 2.66% as Nasdaq is seeking SEC approval to list the XRP ETF.

Amidst the current market positioning of XRP crypto, the market has remained hopeful that the upcoming ETF approval could kickoff a significant price rally.

Nasdaq Seeks to List XRP ETF: SEC Decision Looms

The Nasdaq Stock Market LLC presented its proposal to the U.S. Securities and Exchange Commission (SEC) for listing and trading Coinshares XRP ETF shares following Nasdaq Rule 5711(d).

Source: X

The exchange-traded fund (ETF) operates as a Delaware Statutory Trust to present XRP investment opportunities to investors while eliminating the need for asset ownership or custody.

Bloomberg analysts Eric Balchunas along with James Seyffart indicated the positive prospects for regulatory approval of upcoming crypto ETF filings covering Litecoin, Dogecoin and XRP and Solana.

In a recent X post, the ETF analysts detailed that XRP ETFs could achieve approval with a 65% likelihood rate while the other three cryptocurrencies followed with different approval percentages.

However, the SEC’s ongoing non classification of Ripple-affiliated cryptocurrency causes significant hurdle for its approval.

Ripple Strengthens Ties with CFTC: What it Means for XRP

XRP faces regulatory changes in the crypto market which brings this critical update with it. The U.S. Commodity Futures Trading Commission engaged in discussions with Ripple regarding XRP’s regulatory status.

The CFTC functions differently than the SEC by accepting selected digital assets as commodity registrations.

Source: X

The CFTC launched a pilot program to examine digital assets backed by stablecoins as financial market collateral.

An essential court ruling favored Ripple when it proved certain XRP trade deals failed to fulfill securities definition regulations.

Expert analysts expect this court decision to develop new regulations that will define US cryptocurrency laws. XRP maintains backing from big institutions despite the ongoing legal battles.

XRP Price Prediction: Is a Bullish Rally Incoming?

Amidst the recent XRP ETF filing, XRP price reflected bullish momentum and saw accumulation on the charts.

Despite a sharp shock in the first week of February, XRP held its ground and saw a quick bounceback.

XRP Price Chart | Source: TradingView

Afterward, a significant price consolidation was observed and XRP price was aiming to break the 20 day EMA mark for further upward push toward the $3 mark.

In case of further selloff, the immediate support zones were $2.20 and $1.80, whereas if XRP price moved past the $3 mark, it could see an upsurge toward the $3.20 and $3.60 mark in the coming sessions.

Donald Trump’s World Liberty Financial Emerges as a Leading Force in Crypto

Josh Alba
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0
Donald Trump’s World Liberty Financial Emerges as a Leading Force in Crypto

Key Insights

  • US President Donald Trump continues to foray deeper and deeper into the AI and crypto space.
  • Trump is doing so with the launch of his crypto venture, World Liberty Financial.
  • Before his inauguration and even after, this platform continues to buy massive amounts of cryptocurrency.
  • WLFI is now one of the top holders of staked Ethereum.
  • Industry leaders predict an incoming era of better crypto regulation for the United States, under Donald Trump.

The foray of Donald Trump into the world of crypto has made headlines for the past two weeks, especially with World Liberty Financial (WLFI), his defi platform

This platform has rapidly ascended through the crypto ranks with massive investments in staked Ethereum and other cryptocurrencies so far, and here are the latest updates.

WLFI Joins the Elite 0.1% of stETH Holders

According to  recent data from Arkham, WLFI has become a top 0.1% holder of staked Ethereum.

The blockchain analytics platform noted that this happened after WLFI amassed $33 million worth of the asset, showing its commitment to Ethereum as the leading smart contract platform.

Source: Twitter

However, stETH isn’t the only asset in the WLFI portfolio. Data from Arkham further shows that the platform holds around $182 million in ETH, $55.6 million in USDC, $48 million in Wrapped Bitcoin (WBTC), $6.9 million in Aave (AAVE)  and $6.2 million in Chainlink (LINK).

Celebrating with Crypto

WLFI also made moves on 20 January, the day of Donald Trump’s inauguration as the president of the United States.

The platform purchased an additional $47 million worth of ETH and WBTC to commemorate the occasion.

Said celebration also extended towards buying extra $4.7 million each in AAVE, LINK, Justin Sun’s Tron (TRX), and $ENA stablecoin.

Source: Twitter

The launch of the $TRUMP memecoin also added more fuel to the fire.

This token, which was deployed on the Solana network on 17 January, quickly became one of the best performing memecoins within 48 hours of launch.

At its peak, it had ammassed billions of dollars in market cap with a price of $73 before dropping below $40.

The memecoin’s launch also caused a surge in new Solana wallets.

Even though Trump himself expressed limited knowledge about the project, he acknowledged that it was a huge success.

Soon after the $TRUMP launch, first lady Melania Trump also launched her own memecoin ($MELANIA), which drew in 500,000 users and billions of dollars in market cap.

Trump’s Broader Vision Of Cryptocurrency and Beyond

While the WLFI crypto purchases dominated headlines, the Trump administration also had further impact on the crypto sector.

For example, industry leaders like Coinbase CEO Brian Armstrong now predict that the administration could push for more sensible regulations for Stablecoins and other assets.

Meanwhile, the CEO of the Bank of America, Brian Moynihan noted that there has been an increased interest in crypto payments among financial institutions.

Trump also announced the launch of a $500 billion AI infrastructure initiative called Stargate in addition to his crypto ventures.

The project is aimed at constructing advanced AI data centers across the United States, which will be funded by private equity players like OpenAI and Oracle, among others.

The project now has around $100 billion earmarked for immediate investment and is set to create jobs while improving the US’ competitiveness in the AI space.

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