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On Friday, Bitcoin (BTC) witnessed the biggest single-day shift in long-held coins. While, this can happen for various reasons, leading industry figures like Cathie Wood have made a significant claim. Cathie Wood Suggests That Record Bitcoin Shift Could Involve Government On-chain analyst David Puell revealed via X that 1.1 million coinyears were destroyed in 24
The post Cathie Wood Says The Dormat Bitcoin Whale Movement Is Probably A Legal Settlement appeared first on CoinGape.
Cryptocurrencies price consolidated on Wednesday, with no significant gains or losses as traders awaited the Federal Reserve’s decision on interest rates. Bitcoin price fluctuated in the $82K to $83K range while Ethereum and XRP recorded a modest 1.5% and 0.4% gain, respectively. The total crypto market cap had also dropped by 1.4% to $2.8 trillion. This analysis explores how today’s FOMC meeting could impact crypto prices.
Today’s Federal Open Market Committee (FOMC) meeting will be a major price mover across the cryptocurrencies and stock markets. Despite last week’s CPI print showing that inflation has cooled to 2.8%, 99% of investors at the CME expect that Fed officials will leave interest rates unchanged.
Analysts from Bank of America who spoke with Reuters noted that the March 19 FOMC meeting will be more about policy uncertainty, as Fed officials deliberate about whether inflation is on track to falling to the 2% target.
With markets already pricing in zero rate cuts, the focus will be on the speech by Fed Chair Jerome Powell for clues on whether he has shifted to a more dovish stance. Per analyst Crypto Ideology,
“What truly matters isn’t just the rate decision, it’s Powell’s tone and the forward guidance. Markets will be watching for any hints on future cuts, especially with June and July meetings in sight. Hold or not, volatility’s guaranteed.”
Powell’s speech may also offer insights into how policymakers view Trump’s trade policies and tariff plans, which have caused economic uncertainty. The Bank of Japan has cited higher US tariffs as the main reason for keeping rates steady.
If Powell’s speech and the FOMC minutes reveal a hawkish stance, it will most likely stir a decline in cryptocurrencies price. Moreover, with no bullish catalyst in sight and top analysts predicting that the bull market has ended, the bearish impact of zero rate cuts and Powell’s speech could extend into Q2 2025.
Meanwhile, Polymarket odds of the Fed ending quantitative tightening by June 2025 have soared to 100%. CME also prices in a nearly 60 basis points rate cut by year-end, paving the way for crypto prices recovery in the second half of 2025.
Popular analyst Crypto Rover notes that if Powell were to say something positive in his speech, it could cause a price explosion for stocks and cryptocurrencies. At the same time, trader Kale Abe says that,
“I just don’t see how FOMC can be bearish. The bearish situation is literally almost 100% priced in.”
The Volmex Implied Volatility Index for Bitcoin and Ethereum has also dropped, indicating fewer speculative trades ahead of the FOMC report. This further proves that the market may have priced in the event.
Therefore, it is likely that cryptocurrencies price might continue trading within a tight range or drop slightly after the FOMC meeting. However, the crypto market will do well in the long term as investors anticipate at least two rate cuts in 2025.
The post Cryptocurrencies Price Prediction As Crypto Market Braces for Fed’s Interest Rate Decision, FOMC appeared first on CoinGape.
Meme coins have had a slow day despite the broader market showing bullishness. However, small-cap token Rekt managed to post gains, leading the joke tokens.
BeInCrypto has analyzed two other meme coins for investors to watch, assessing their potential direction and what trends may follow.
MELANIA’s price surged 7.4% in the last 24 hours, driven by anticipation surrounding the upcoming TRUMP dinner. As a meme coin tied to US President Donald Trump’s wife, MELANIA, is likely to react to events involving Trump, reflecting investor sentiment and speculation around political developments.
The meme coin is forming a bullish RSI divergence, which signals potential upward movement. This suggests MELANIA could break the $0.37 resistance level, continuing its rise and possibly reaching $0.42. The price action indicates growing optimism among investors, who expect further upward momentum based on recent trends.
However, MELANIA faces challenges if the broader market downturn persists. Should the price fail to hold above the $0.34 support, the altcoin could experience a decline, potentially slipping to $0.31. A sustained downturn would invalidate the bullish outlook, prompting profit-taking and further price weakness.
MUBARAK price is up by 14% over the last 24 hours, preparing to breach the critical $0.0667 resistance level. The Parabolic SAR indicator positioned below the candlesticks provides a bullish outlook for the meme coin, suggesting that upward momentum could continue as it approaches the key resistance.
If MUBARAK manages to breach the $0.0667 barrier, it is likely to rise towards the $0.0885 resistance level. This move would signal continued gains for investors, reinforcing the current bullish sentiment and offering opportunities for further profit-taking as the price reaches new highs in the near term.
However, MUBARAK has previously struggled to breach the $0.0667 resistance level, which may pose a challenge again. If the price fails to break above this level, MUBARAK could fall back down to $0.0435. In such a scenario, the meme coin could consolidate above this support level, potentially delaying any further upward movement.
REKT has emerged as the best-performing meme coin today, posting a 24.5% rise, trading at $0.000000262. The bullish momentum is driven by strong investor interest, with over 78% of its 17,525 holders owning more than $10 worth of REKT. This indicates solid support for the token’s continued uptrend.
The strong backing from investors is essential for REKT’s upward movement. Currently facing resistance at $0.000000286, breaching this level will allow the meme coin to move toward $0.000000330. A successful breakout above this resistance will likely drive further investor confidence and fuel the ongoing bullish trend.
However, if REKT fails to break through the $0.000000286 resistance, it could fall back to $0.000000199. This would reverse the recent gains and invalidate the bullish outlook. The failure to overcome this resistance level may lead to profit-taking by investors and a pullback in price.
The post REKT Leads With 24% Rally, Will MELANIA, and MUBARAK Follow? | Meme Coins To Watch Today appeared first on BeInCrypto.
The post Bitcoin To Hit $135k in 100 Days? Here’s Why Top Analyst Thinks So appeared first on Coinpedia Fintech News
Bitcoin might be on the edge of a massive breakout, at least, that’s what crypto analyst Timothy Peterson believes. Based on key market signals, he says Bitcoin could reach $135,000 in just 100 days, and the reasons behind this are worth a closer look.
At the center of Peterson’s prediction is the VIX, a volatility index that tracks how uncertain investors are about the market. When it spikes, it usually means fear is high.
In April, the VIX closed above 56, something that’s happened only twice in modern history, during the 2008 financial crash and the 2020 COVID market panic. In both cases, what followed was a strong bounce back, especially for tech stocks like those in the NASDAQ.
Peterson noticed that after a VIX spike, the NASDAQ gained around 10% in the first week, then soared by another 40% over the next 100 trading days.
What’s surprising is that Bitcoin seems to be moving in a similar pattern to the NASDAQ’s historical rebound. Peterson says the data shows Bitcoin is tracking the NASDAQ’s recovery with 95% accuracy, a striking similarity.
But since Bitcoin is more volatile, the impact could be bigger. If market fear (VIX) continues to drop, especially below 18, which is seen as a “risk-on” zone, Peterson predicts Bitcoin could hit $107,000 in a few weeks and rise to $135,000 within 100 days.
As of now, Bitcoin price is trading around $96,296, reflecting a drop of 0.51% with a market cap hitting $1.9 trillion. Looking at the price chart, Bitcoin formed a “local bottom” between February and April 2025. It also stayed above a key line called the Kijun, strengthening the trend.
Recently, Bitcoin has broken above its April high of $95,173, which now acts as support, a positive sign for more growth. If it breaks above $95,800, the next target could be $99,000 and then $110,000 to $115,000.
Bitcoin’s price action shows it may be ready for a breakout. If it stays above $95,800, expect more upside soon.
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The post Bitcoin To Hit $135k in 100 Days? Here’s Why Top Analyst Thinks So appeared first on Coinpedia Fintech News
Bitcoin might be on the edge of a massive breakout, at least, that’s what crypto analyst Timothy Peterson believes. Based on key market signals, he says Bitcoin could reach $135,000 in just 100 days, and the reasons behind this are worth a closer look. What Does the VIX Have to Do with Bitcoin? At the …