Grayscale has officially filed for an Avalanche ETF with Nasdaq, marking a significant step for the firm as it expands its offerings in the cryptocurrency space. The move aims to provide investors with a more accessible way to gain exposure to Avalanche (AVAX) through a regulated financial product. If approved, this ETF could further solidify Avalanche’s position in the growing blockchain and cryptocurrency market, offering more opportunities for institutional investors.
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion.
Bitcoin Price Drops to $82k Amid Pressure?
The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion.
The altcoin market has not performed any better. Ethereum witnessed $108.01 million in liquidations, while XRP and Solana followed with $30.56 million and $26.46 million, respectively. Ethereum with a price drop of over 5%, is trading at $2066.30, while Solana dipped by more than 7% to $128.28. And XRP trades at $2.19 with a change of -5.61%.
While the broader market bleeds, a few tokens managed to post gains. Story IP took the limelight with a 9.61% price surge. Ethena followed with a 5.11% rise, while XAUt held steady with a slight uptick of 0.01%.
On the losing end, JASMY, KAS, and Maker led the losses, with JASMY plummeting by 13.66%, KAS down 12.41%, and MKR slipping 11.75%.
FAQs
How much does 1 Bitcoin cost today?
The price of 1 Bitcoin at the time of writing is $82,506.72.
Which tokens have gained the most today?
Story IP (+9.61%), Ethena (ENA) (+5.11%), and XAUt (+0.01%) are the top gainers.
What’s the current crypto market sentiment?
The Fear & Greed Index is at 17, indicating Extreme Fear in the market.
The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% …
Cardano (ADA) is one of the cryptocurrencies included in the Crypto Strategic Reserve. However, due to bearish market sentiment, it has been continuously struggling to gain momentum. Today, March 8, 2025, amid market uncertainty, the asset has registered a 5% price drop and has reached a crucial support level.
Cardano (ADA) Technical Analysis and Upcoming Levels
As ADA reaches a crucial support area, concerns are rising about whether the price will hold this level or fall below it due to bearish market sentiment. Let’s see what happens in the coming days.
Source: Trading View
According to expert technical analysis, the $0.81 level is a strong support zone with significant buying pressure and potential for a price reversal. If the current sentiment persists and the price falls, closing a four-hour candle below $0.81, there is a strong possibility of an 18% decline to $0.68. On the other hand, if ADA holds this level, it has the potential to rebound and surge by 35%, reaching $1.15 in the future.
At present, ADA is trading at the 200 Exponential Moving Average (EMA), which provides strong support and indicates that the asset is still in an uptrend.
Current Price Momentum
At press time, ADA is trading near $0.827, having registered a 5% price drop in the past 24 hours. During the same period, its trading volume declined by 10%, indicating lower participation from traders and investors compared to the previous day.
Despite market uncertainty, traders are currently over-leveraged at $0.804 on the lower side and $0.84 on the upper side, according to on-chain analytics firm Coinglass.
Additionally, these levels hold $9.11 million worth of long positions and $5.45 million worth of short positions, indicating that bulls are strong and could support the asset in holding this level.
The post Cardano (ADA) Price Prediction For March 8 appeared first on Coinpedia Fintech News
Cardano (ADA) is one of the cryptocurrencies included in the Crypto Strategic Reserve. However, due to bearish market sentiment, it has been continuously struggling to gain momentum. Today, March 8, 2025, amid market uncertainty, the asset has registered a 5% price drop and has reached a crucial support level. Cardano (ADA) Technical Analysis and Upcoming …
Renowned crypto analysts took the stage on Thursday, projecting a highly bullish outlook for TRX price ahead. Analyst ‘Ali Martinez’ spotlighted a remarkable spike in TRON network activity as it scales new highs, whilst ‘Crypto Patel’ revealed that a $1 price target is potentially achievable this bull cycle. As a result, traders and investors optimistically eye the Justin Sun-backed token amid a broader market recovery.
Analyst Forecasts TRX Price To $1
At the time of reporting, TRX price witnessed a 2% uptick and exchanged hands at $0.2458. The coin bottomed and peaked at $0.2407 and $0.2465 intraday. Notably, the rising trajectory aligns with the broader crypto market’s recent recovery-like trend.
Simultaneously, analyst Crypto Patel took to X, revealing that TRON is showcasing a strong momentum and a $1 price target potentially looms. According to the price chart shared by the analyst, the coin’s price holds strong support at $0.140. A sustained hold above this level remains bullish.
Source: Crypto Patel, X
The best ‘buy zone’ lies at $0.160 – $0.180, given the opportunity presents itself, per the analyst. Notably, the current price levels are considerably above the mentioned support zone, whilst sustained demand could propel new highs.
Can The Analyst’s Prediction Come True?
Intriguingly, it’s noteworthy that the analyst predicted a 200-300% surge in TRX price during October last year. Back then, the coin’s price traded around the $0.16 level, per CoinMarketCap data.
Subsequently, the price hit a $0.426 level as of early December 2024. This past chronicle is worth considering, although the price soon fell amid broader market trends.
TRON Network Activity Surge Bolsters Bullish Prediction
On the other hand, TRON network activity rose substantially, reaching a 2-month-high as of March 4.
According to analyst Ali Martinez, 2.94 million active addresses were recorded on the network recently. This data suggested rising market interest in the Justin Sun-led crypto project, paving a bullish road ahead.
Source: Ali Charts, X
Crypto Market Recovery Bolsters Hope
Simultaneously, the broader crypto market’s recovery-like trend has solidified investors’ optimism on TRX price. Bitcoin and altcoin witnessed notable gains amid pro-crypto developments in the U.S.
Donald Trump’s strategic crypto reserve announcement appears to have substantially boosted the market sentiment. Moreover, the looming U.S. crypto summit set for Friday has also glimmered hope over the market’s future prospects. Crypto market participants continue to monitor TRON extensively amid broader developments, signaling that a bull run to $1 is possible.
