The crypto market is witnessing a powerful breakout as Bitcoin crosses the $97,000 mark, fueling a broad-based rally across digital assets. In the past 24 hours, the global crypto market cap surged by 1.64% to $2.98 trillion, driven primarily by bullish momentum in Bitcoin and Ethereum.
Bitcoin exploded by over $3,500 within hours to hit $97,469, triggering $55 million in short liquidations. The surge was backed by $24.27 billion in trading volume, with Bitcoin now commanding 64% of the total market dominance. Its Relative Strength Index (RSI) remains at a healthy 66, indicating strong buyer interest without entering overbought territory.
Why Crypto is Surging?
One major catalyst is the renewed optimism over global trade. The U.S. government announced it is restarting trade negotiations with 18 countries—excluding China. Treasury Secretary Scott Bessent confirmed the move, which markets interpreted as a step toward easing economic tensions. The update sparked a short-lived risk rally, contributing to Bitcoin’s squeeze higher.
This tariff news indicates a potential shift in U.S. trade policy under Donald Trump’s influence, as he continues pushing for lower interest rates and friendlier economic terms.
Government Adoption Boosts Sentiment
Institutional interest hit a new high as New Hampshire became the first U.S. state to approve crypto investments for its treasury. Governor Kelly Ayotte signed a bill allowing the state to allocate funds to top-tier digital assets like Bitcoin, marking a new era of state-level crypto adoption.
Adding to the bullish tone, Binance founder CZ predicted Bitcoin could hit $500K to $1M this cycle. He cited growing ETF flows, government accumulation, and sovereign adoption by countries like El Salvador and Bhutan as reasons for the upside potential.
While Bitcoin leads the charge, altcoins are tagging along:
Ethereum rose 1.02% to $1,824
Solana added 0.90% to $145.67
BNB gained 0.58% to reach $602.30
XRP stood out with a 1.44% daily jump and 4.46% weekly rise
Smaller-cap tokens like LAYER and ALPACA saw explosive 30% gains, while meme coins such as GORK and Fartcoin posted eye-catching spikes on decentralized platforms.
Market Outlook: Will the Rally Hold?
Total crypto trading volume surged 27.35% to $81.48 billion, indicating renewed market participation despite macro uncertainty. All eyes are now on the upcoming Federal Reserve rate decision, with a 97% probability of no change according to the CME FedWatch Tool.While altseason remains muted—measured by an index score of just 24/100—Bitcoin’s rally toward the $100K psychological mark could be the ignition point.
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Arizona’s State Legislature just passed Bitcoin reserve bills SB1025 and SB1373. They now approach the final hurdle: the governor’s approval to become law.
Both bills won by comfortable margins and will only require the governor’s signature to become law. Governor Katie Hobbs recently ended a vow to veto all bills over a funding dispute, hopefully securing the Reserve’s future.
“Arizona passes second Bitcoin Reserve bill. SB 1373 passed 37-19! Both Reserve bills to Governor Hobbs’ desk for signature,” a crypto-related policy watchdog claimed.
According to SB1025’s text, it will enable Arizona to spend up to 10% of its public funds on Bitcoin or other unspecified digital assets. This funding requirement mirrors South Carolina’s bill, which also mandated a 10% maximum.
Now that SB1025 has passed a third reading, Governor Hobbs is the only thing separating Arizona from a Bitcoin Reserve.
Recently, she has been vetoing all proposed legislation in a bid to secure funding for Arizona’s Division of Developmental Disabilities. Less than a week ago, she ended this standoff, hopefully allowing her to sign these bills into law.
Arizona’s spending cap may deflate some Bitcoin enthusiasts’ hopes, but it’s still a victory. Amidst the microeconomic challenges, it’s a win for the industry if state-level acquisitions of any size pass.
ARIZONA JUST BECAME THE FIRST STATE IN THE NATION TO PASS STRATEGIC BITCOIN RESERVE LEGISLATION IN THE HOUSE AND SENATE.
Meanwhile, Trump’s Strategic Crypto Reserve intends to preserve an existing stockpile but doesn’t acquire BTC. Nonetheless, it’s a bullish development that helped build market enthusiasm.
If Arizona does pass the bill, it will likely increase Bitcoin’s demand and drive more bullish optimism. New Hampshire and Texas are also trailing Arizona’s lead, as both states are awaiting a Senate vote on their bills.
Fartcoin surged 173% in April, becoming the top-performing memecoin with a market cap of $1.14 billion and strong whale-driven activity.
PENGU saw a +136.35% weekly gain, but monthly growth slowed to +102% from 153% on 28th April, with a potential pullback on the horizon.
: Whale purchases of Fartcoin, including a $2.48 million increase, add volatility and bullish sentiment to the token’s rise.
Despite a short-term pullback, PENGU holds a bullish market structure, with support at $0.0100–$0.0110 crucial for continued upward momentum.
PENGU’s volume surged to $1.2B, driven by institutional and retail interest, though high leverage signals potential short-term volatility.
April has proven to be a breakthrough month for memecoins; in addition to their close correlation towards the major cryptocurrencies with their move towards the top on the altcoin charts monthly, Solana-based tokens have taken the top position in April, both with the latest gains and also market money transferred to be staked in them.
Fartcoin (FARTCOIN) has claimed the title of top-performing solana memecoin with +171.42% for the month. It is currently priced at $1.15 and boasts a market cap of $1.14 billion and a 24-hour trading volume of $255.86 million.
On the weekly performance side, Pudgy Penguins (PENGU) managed a +136.35% 7-day increase, moving its price to $0.01203, and it has enjoyed a monthly climb of +102.02%, although it fell from 3rd to 6th in 24 Hours since 28th April in monthly performance rankings of memecoins.
PENGU’s rise has also caused it to outperform TRUMP coin this week, as TRUMP coin rallied 62.42% – but did not cause the same level of traction after the u.s president with an exclusive event for the top 220 TRUMP holders event on May 22 to be hosted in New Jersey.
One of the better coins overall has been Brett (BRETT) which is currently priced at $0.06493 in April and has a month gain of +110.71%, while also experiencing similar week monthly metrics. Finally, Bonk (BONK) has reported a monthly return of +75.25%, while currently priced at around $0.00002019. Bonk currently has a 24-hour trading volume of $382.43 million.
PENGU Coin Price Pulls Back After 260% Rally, Bulls Eye $0.0205 Breakout
PENGU coin has shown impressive bullish strength, rallying over 260% from its base around $0.0040 to a recent high of $0.0144, breaking out from months of consolidation. However, after this sharp rally, the price has pulled back by 2%, currently sitting at $0.0118, near the key short-term support zone of $0.0100–$0.0110. This level is critical as it has acted as both a trendline retest and support, making it a key area to watch for potential price action.
The RSI, now at 75.82, remains above 70, indicating that buyers are still in control, though momentum has cooled. The MACD continues to show a bullish crossover, reinforcing the likelihood of trend continuation. If the price holds above this support zone, we could see a move towards $0.0145, $0.0170, and eventually $0.0205, aligned with the 38.2% Fibonacci retracement level.
A breakout above $0.0205 could pave the way for a mid-term rally toward $0.0256, $0.0343, or even $0.0500 in the next 6–10 weeks, depending on volume and broader market conditions.
Short-term traders should monitor the $0.0100–$0.0110 support zone closely. If this area holds, it could signal a rebound towards higher levels. Long-term traders can maintain a bullish outlook as long as the price stays above the 20 and 50 EMA ($0.0074), which continue to offer dynamic support.
After a 260% surge, PENGU is in a consolidation phase, and if support holds, the next leg higher could come quickly.
Overall, after a 260% surge, PENGU is in a textbook consolidation phase — and if the support holds, the next leg higher could come swiftly.
FARTCOIN (FARTCOIN) Price Eyes Breakout as Handle Formation Nears Completion
FART Coin continues to follow a classic bullish cup and handle pattern on the daily chart. After forming a rounded bottom between early February and mid-April, the price successfully completed the “cup” structure and has since carved out a shallow handle, marked by light consolidation just below the $1.30 resistance level.
Price Action & Structure:
FART is currently trading around $1.12–$1.13, maintaining its structure above the critical $1.00 support zone, which remains the ideal floor for the bullish scenario.
The immediate challenge lies at $1.30, acting as the “handle resistance.” A confirmed breakout above this level would validate the handle breakout and likely trigger a move toward the $1.60–$1.80 resistance targets.
The EMAs (20/50/100/200) continue to fan out in a bullish alignment, with the 20 EMA now well above the longer EMAs, indicating sustained upward momentum
Momentum Indicators:
RSI (14) is currently at ~65.20, slightly up from yesterday’s 66 but still comfortably below the overbought threshold (70). This cooling-off zone supports continued bullish momentum without exhaustion, giving bulls room to push higher.
MACD is showing positive momentum with the MACD line at 0.1355 and signal line at 0.1310, keeping the bullish crossover intact. The histogram, while modest, still reflects positive momentum.
Key Levels to Watch:
Immediate Support: $1.00 → Maintaining this level is crucial for the structure to stay valid.
Breakout Level: $1.30 → A daily candle close above this could confirm the handle breakout.
Upside Targets: $1.60 (Major Resistance) → Followed by $1.80 as the next potential Q2 target.
Downside Risk Zone: If $1.00 fails, watch for a pullback toward the $0.75–$0.73 zone where the 50 EMA also aligns as secondary support.
The post Solana Memecoins FART And PENGU Dominate Meme Coin Market: Can They Sustain the Momentum? appeared first on Coinpedia Fintech News
Key Takeaways: Fartcoin surged 173% in April, becoming the top-performing memecoin with a market cap of $1.14 billion and strong whale-driven activity. PENGU saw a +136.35% weekly gain, but monthly growth slowed to +102% from 153% on 28th April, with a potential pullback on the horizon. : Whale purchases of Fartcoin, including a $2.48 million …
As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions.
BlackRock’s $40 Million Worth BTC Purchase
Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased $40 million worth of Bitcoin (BTC), as reported by the on-chain transactions tracker Arkham on X (formerly Twitter).
This significant purchase by BlackRock is giving investors and long-term holders hope and further hinting that this could be an ideal buying opportunity or the best time to accumulate BTC, as the asset’s price has significantly fallen in recent days.
Arkham’s post also noted that BlackRock is not the only one capitalizing on the recent price drop, Fidelity and ARK Invest, two other giant asset managers, are also following suit by purchasing significant amounts of BTC.
Current Price Momentum
Despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently trading near $81,900 and has experienced a price drop of over 2% in the past 24 hours. However, during the same period, data shows a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.
Bitcoin (BTC) Technical Analysis and Upcoming Level
With the recent price drop, BTC has lost its crucial support from the inclined trendline it had maintained since March 11, 2025. Based on expert analysis and BTC’s price action, if the asset continues to trade below the $82,000 mark, there is a strong possibility it could drop by another 4.5%, reaching the $78,000 level in the near future.
Source: Trading View
This ongoing market uncertainty has pushed BTC below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.
The post Will Bitcoin Dip to $78K? BlackRock’s $40M BTC Buy Raises Questions appeared first on Coinpedia Fintech News
As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions. BlackRock’s $40 Million Worth BTC Purchase Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased …
ARKHAM ALERT: BLACKROCK IS BUYING $40M 