The AI overlords have spoken, and the message is clear. With the bull run heating up, the smartest investors aren’t chasing overpriced tokens; they’re scooping up the newer, fresher cryptos on the market.
A leaked ChatGPT report has revealed five of the cheapest cryptocurrencies to buy before 2025’s next big surge. Get in early, or watch from the sidelines as these hidden gems take off.
Best cheap crypto to buy now:
Bitcoin Pepe: Solana-level meme coin trading on the OG chain
iDEGEN: The rogue AI going full degen
Turbo: The $69 meme that won’t quit
Comedian: The AI-powered joke machine
VITE: The lightning-fast layer-1
Bitcoin Pepe: Solana-level meme coin trading on the OG chain
Bitcoin Pepe is gearing up to revolutionize the meme coin space in a way never seen before. As the first-ever Layer-2 dedicated to memes on Bitcoin, it blends Solana’s lightning-fast speed with Bitcoin’s legendary security and usability.
For years, Bitcoin has been dismissed as the ‘Boomer Chain,’ and understandably so when you consider its lack of scalability and interoperability to grow an ecosystem in the same way as Ethereum and Solana.
However, that’s about to flip as Bitcoin Pepe is turning to BTC’s blockchain to introduce a high-speed, low-cost meme coin. With instant swaps, minimal fees, and the game-changing PEP-20 token standard, launching memes on Bitcoin will soon be as seamless as on Solana.
The Bitcoin Pepe presale is still in its early stages and has already brought in $4m. That’s impressive, considering it’s still only at stage 6 of 30.
While many investors who got in early are looking at a 4x gain from the presale alone, there’s still time for interested parties to get involved, with today’s investors looking at 222.40% gains before presale completion. Rumors suggest price action could skyrocket further once exchanges start to list the crypto.
Currently priced at just $0.0268, BTC Pepe is certainly looking like one of the cheapest cryptocurrencies to buy with great potential.
To learn more about Bitcoin Pepe, check out the official website.
iDEGEN: The rogue AI going full degen
If you thought human degenerates were bad enough, meet the AI version, iDEGEN. Fed by a community of degen crypto lovers, this AI has been wreaking havoc across X, TikTok, and, more recently, China’s RedNote.
Born with zero filters and raised by the most chaotic minds on Crypto Twitter, iDEGEN evolves in real-time. It reads and replies to posts with unhinged responses and images and is essentially what you’d get if an AI chatbot and a degen trader had a baby.
The IDGN presale raised over $25M. Now on top DEX and CEX exchanges, iDEGEN is tipped to become one of the best cheap cryptos of 2025.
Created by digital artist Rhett Mankind with just $69 and ChatGPT’s guidance, Turbo has defied all expectations. What started as something of a joke in April 2023 has become one of the best cheap cryptos to buy now, backed by a cult following that refuses to let it die.
Turbo runs on Ethereum with a fixed supply of 69 billion tokens (because, of course). It’s already listed on over 110 exchanges, including Coinbase, and reached a high of $0.0134 in late 2024. Turbo is highly affordable and might also be primed for another leg up as AI and meme coins continue dominating 2025’s narrative.
Comedian: The AI-powered joke machine
Comedian (LOL) is an AI-driven crypto that does one thing exceptionally well, and that’s to make people laugh. Built on Solana, this cheap cryptocurrency generates original jokes, memes, and roast-worthy insults in real time, rewarding users who engage with its AI-powered comedy.
Since launching in late 2024, LOL has climbed from $0.0023 to an ATH of $0.049 before cooling off. With AI content generation exploding, Comedian has positioned itself as the go-to crypto for meme culture, stand-up comedy, and digital entertainment. If you’re looking for the best cheap crypto to buy now with a side of humor, LOL might be the move.
VITE: The lightning-fast layer-1
VITE is the dark horse on this list, quietly building one of the fastest blockchains with the cheapest fees available. Unlike many hyped-up layer-1s, VITE actually delivers by offering zero-fee transactions and near-instant finality using its unique DAG (Directed Acyclic Graph) architecture.
VITE has been around since 2018, but with new partnerships in DeFi and gaming, it’s gaining serious traction. Many insiders and analysts believe this could be one of the next altcoins to explode as mass adoption sets in. Plus, as it’s one of the cheapest cryptos to buy, there’s not much to lose.
The post ChatGPT Leaked: 5 Cheap Crypto Gems Before 2025 Explosion appeared first on Coinpedia Fintech News
The AI overlords have spoken, and the message is clear. With the bull run heating up, the smartest investors aren’t chasing overpriced tokens; they’re scooping up the newer, fresher cryptos on the market. A leaked ChatGPT report has revealed five of the cheapest cryptocurrencies to buy before 2025’s next big surge. Get in early, or …
The crypto market is going through a rough patch as traders react to tariff and Trump’s Bitcoin Reserve order. Bitcoin has dropped by 4.8% to $81,729, while Ethereum has taken an even bigger hit, falling 8% to hover around $2,000. Dogecoin is the biggest loser among the top 10 cryptos, sliding 13% to $0.16.
Despite the hype around Trump’s Executive Order to create a Strategic Bitcoin Reserve, the market hasn’t responded positively. QCP Analysts believe this is because no actual budget has been allocated yet for Bitcoin purchases, causing uncertainty among investors.
$334 Million Liquidation Shakes the Market
With the changing current scenario, the market downturn has triggered massive liquidations, with Bitcoin, Ethereum, and XRP leading the sell-off. In the last 24 hours, liquidations have surpassed $334 million, affecting over 109,704 traders. Those who bet on price increases have taken the biggest hit.
Crypto Market Sees $614.63M in Liquidations Amid Volatility In the past 24 hours, the crypto market experienced significant turbulence, with a total of $614.63M in liquidations, according to the latest Liquidation Heatmap data. pic.twitter.com/1ujSpwVgPb
Bitcoin saw $186.35 million in liquidations, with long traders losing $123.21 million. Ethereum followed with $40.84 million in total liquidations, while XRP recorded a smaller $7.3 million in losses.
Altcoins like Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Sui (SUI), and Litecoin (LTC) also faced significant sell-offs, adding to the market’s instability.
Bitcoin, Ethereum, and XRP Struggle
Bitcoin has dropped by 3% in the past 24 hours, now trading at $86,409. Despite a 1.9% increase in the last week, the overall sentiment remains weak, with trading volume down by 24.63%. Ethereum has struggled to hold key support levels, currently battling to stay above $2,000. Analyst Ali Martinez has warned that if ETH drops below $2,114, it could test $1,250 in the coming weeks.
XRP is also under pressure, down 7.31% in the last 24 hours to $2.36. The uncertainty surrounding the crypto reserve plan has only fueled further volatility.
Crypto Reserve Plan Faces Pushback
Trump’s proposal to include ADA, XRP, and SOL in the U.S. Strategic Reserve has faced resistance. Industry leaders, including Coinbase CEO Brian Armstrong and Real Vision’s Raoul Pal, believe Bitcoin should remain the primary reserve asset. Armstrong argued that Bitcoin is the clearest successor to gold, while Pal suggested a market-cap-weighted index instead of altcoin inclusion.
What’s brewing?
Meanwhile, the U.S. government’s latest crypto disclosures reveal that it holds no SOL, ADA, or XRP, contradicting previous speculation. Following Trump’s Executive Order to establish a Strategic Bitcoin Reserve, Crypto Czar David Sacks clarified that while a digital asset stockpile will be created, it will only include assets obtained through forfeiture, with no new acquisitions. Onchain data confirms the government’s possession of 198,000 BTC but provides no evidence of ADA, XRP, or SOL holdings.
Meanwhile, the government’s existing crypto reserves include 60,850 ETH ($122.96M), 122M USDT, and 40,293 BNB ($22.34M), among others. If liquidated, these assets could net around 5,004 BTC. Sacks hinted at reallocating some digital assets into Bitcoin for portfolio optimization, reinforcing the administration’s Bitcoin-focused strategy.
With skepticism growing, the crypto reserve plan may struggle to gain traction, adding to market turbulence.
The post Crypto Sell-Off : Crypto Liquidation Tops $334M as Bitcoin and Ethereum Prices Crash appeared first on Coinpedia Fintech News
The crypto market is going through a rough patch as traders react to tariff and Trump’s Bitcoin Reserve order. Bitcoin has dropped by 4.8% to $81,729, while Ethereum has taken an even bigger hit, falling 8% to hover around $2,000. Dogecoin is the biggest loser among the top 10 cryptos, sliding 13% to $0.16. Despite …
The cryptocurrency market continues to witness rapid advancements and unexpected transformations. Among the top projects generating buzz are Pi Network (PI) and Coldware (COLD), two Web3 altcoins vying for attention from investors and traders alike. As Donald Trump prepares for his next crypto announcement, both Pi Network and Coldware (COLD) are positioning themselves to benefit from the anticipated changes. In this article, we explore why Coldware (COLD) could potentially be the best altcoin to buy before Trump’s next big announcement, while also examining Pi Network’s (PI) market entry and growth potential.
Coldware (COLD): A Strong Competitor in the DeFi Space
While Pi Network (PI) has made impressive strides, a new Web3 altcoin, Coldware (COLD), has emerged as a serious contender in the DeFi space. Coldware (COLD) is a Layer 1 DePIN blockchain, offering unique solutions for decentralized finance, scalability, and security. Coldware (COLD) distinguishes itself from Pi Network (PI) by not only leveraging mobile mining but also providing a robust and functional ecosystem that supports real financial services such as staking, yield farming, and decentralized lending.
The key unique selling proposition (USP) of Coldware (COLD) lies in its security and scalability. It provides institutions and whales with a platform that is both secure and efficient for handling high transaction volumes. Coldware (COLD) also stands out because of its tokenomics, which incentivize users to stake and earn rewards while contributing to the ecosystem’s growth.
With Coldware (COLD), investors can expect to benefit not only from speculative gains but also
from long-term value, backed by real-world applications and a sustainable economic model.
Pi Network (PI): A Revolutionary Shift in Mining
Launched in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Network promised to revolutionize cryptocurrency mining by enabling users to mine crypto via smartphones with minimal energy consumption. While initially met with skepticism, Pi Network made waves in the crypto community by offering mining capabilities to anyone with a smartphone, challenging the traditional mining ecosystem that requires expensive and specialized hardware.
Since transitioning to an Open Network in February 2025, Pi Network has experienced notable growth. The Pi Coinquickly surged to over $2 on various exchanges, sparking excitement among its vast user base. The network now boasts over 70 million users, with millions of them having completed the required KYC (Know Your Customer) verification process.
Market Momentum for Pi Network (PI)
As Pi Coin becomes more accessible through exchanges like OKX and MEXC, investors are eagerly watching its price movements. Currently trading at around $1.87, Pi Coin has the potential to reach $5 by April 2025, given its strong community backing, the increasing number of dApps, and the possibility of further exchange listings.
One of the significant factors that could influence Pi Network’s (PI) price is real-world adoption. While Pi Coin has grown in popularity, its ability to achieve meaningful use cases in commerce and services will be a critical determinant of its price trajectory. Additionally, new exchange listings such as Binance could provide substantial liquidity and market visibility, potentially pushing Pi Coin’s value to higher levels.
Trump’s Crypto Announcement and What It Means for Pi Network and Coldware
Donald Trump’s upcoming crypto announcement could have significant implications for the market. As the former president has expressed interest in establishing the United States as a global crypto leader, his upcoming statements are likely to focus on regulatory clarity for digital assets and the potential for creating a crypto reserve. This announcement may spur market movements and attract new capital to certain crypto projects.
Pi Network (PI), with its rapidly expanding user base and promising real-world applications, could see a surge in demand if Trump’s announcement includes favorable policies for retail-friendly coins. On the other hand, Coldware (COLD) could benefit from institutional support, especially if the US government pushes for innovative DeFi solutions to be integrated into the broader financial ecosystem.
Conclusion: Coldware (COLD) as the Best Web3 Altcoin
With both Pi Network (PI) and Coldware (COLD) making waves in the crypto space, Coldware (COLD) stands out as a solid investment opportunity ahead of Trump’s announcement. As a Layer 1 DePIN platform offering robust DeFi solutions and a secure, scalable blockchain, Coldware (COLD) is positioned to benefit not only from speculation but also from real-world adoption in the growing Web3 ecosystem.
Investors looking to capitalize on the next big Web3 altcoin before Trump’s crypto announcement should strongly consider Coldware (COLD), which offers both stability and growth potential as a Layer 1 blockchain built for the future of decentralized finance.
For more information on the Coldware (COLD) Presale:
The post Best Web3 Altcoin to Buy Before Trumps Next Crypto Announcement – Pi Network and Coldware appeared first on Coinpedia Fintech News
The cryptocurrency market continues to witness rapid advancements and unexpected transformations. Among the top projects generating buzz are Pi Network (PI) and Coldware (COLD), two Web3 altcoins vying for attention from investors and traders alike. As Donald Trump prepares for his next crypto announcement, both Pi Network and Coldware (COLD) are positioning themselves to benefit …
SafeMoon’s price has climbed over 25% in the past week amid the broader market volatility. This double-digit price gain has been fueled by the uptick in the token’s demand following the project’s migration from BNB Chain to Solana.
However, profit-taking and increased selling pressure are now threatening to erase some of SFM’s recent gains. This analysis provides the details.
SafeMoon Battles Growing Sell-Offs
An assessment of the SFM/USD one-day chart highlights the growing selling pressure within SFM’s spot markets. A notable indicator of this trend is the token’s negative Balance of Power (BoP), which is at -0.96 at press time.
An asset’s BoP indicator compares buyers’ and sellers’ strengths by analyzing price movements within a given period. When its value is negative like this, it indicates that sellers have more control, meaning downward pressure is stronger, and the asset is likely experiencing a bearish trend.
This suggests weakening bullish momentum among SFM holders and hints at declines if selling pressure continues.
Furthermore, SFM’s price has dropped 8% over the past 24 hours, causing the altcoin to trade near its 20-day exponential moving average (EMA).
This moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices to identify short-term trends.
As with SFM, when an asset’s price is poised to break below the 20-day EMA, it signals increased selling pressure. It is a sign of weakening bullish momentum and a shift toward a bearish trend.
SFM Finds Key Support at $0.000061
A successful breach of the dynamic support offered by SafeMoon’s 20-day EMA at $0.000061 would strengthen the bearish trend. In this scenario, the altcoin’s price could plummet further to $0.000047.
However, a spike in new demand would invalidate this bearish outlook. If spot inflows rally, it could drive SFM’s price above the resistance at $0.000068 toward its multi-year high at $0.000011.
Regulatory sandboxes have emerged as a concept to drive innovation in a controlled setting. They allow companies to test new crypto products and services while regulators observe and adapt regulations. While jurisdictions like the UK, the UAE, and Singapore have already created sandboxes, the US has yet to create one at the federal level.
BeInCrypto spoke with representatives of OilXCoin and Asset Token Ventures LLC to understand what the US needs to build a federal regulatory sandbox and how it can unify a fragmented testing environment for innovators.
A Patchwork Approach
As the name suggests, regulatory sandboxes have emerged as a tool for providing a controlled testing ground. This environment allows entrepreneurs, businesses, industry leaders, and lawmakers to interact with new and innovative products.
According to the Institute for Reforming Government, 14 states in the United States currently have regulatory sandboxes for fintech innovation.
Of those, 11 are industry-specific and cover other sectors like artificial intelligence, real estate, insurance, child care, healthcare, and education.
Utah, Arizona, and Kentucky are the only jurisdictions among these states with an all-inclusive sandbox. Meanwhile, all but 12 states are currently considering legislation to create some regulatory sandbox for innovation.
Due to its relatively short existence, the crypto market has underdeveloped legislation. While state-level sandboxes enable innovators to demonstrate their products’ capabilities to the public, they are significantly constrained by the lack of federal regulatory sandboxes.
The Need for Federal Oversight
Though statewide efforts to create regulatory sandboxes are vital for innovation, entrepreneurs and businesses still face constraints in developing across borders or reaching an audience at a national level.
Rapid advancements in fields like blockchain and artificial intelligence (AI) add a particular layer of uncertainty, given that existing legal frameworks may not be well-suited to these technologies.
At the same time, regulators may face difficulties in developing appropriate rules for these technologies due to a potential lack of familiarity with these constantly changing industries.
As a result, industry participants are increasingly calling for creating a federal regulatory sandbox. This environment could be a collaborative framework to address the gap, facilitating communication and knowledge sharing between regulators and industry stakeholders.
“The implementation of a federal regulatory sandbox in the United States has the potential to significantly enhance both innovation and regulatory oversight by reducing the uncertainties often associated with navigating the regulatory landscape across state lines. Such an initiative could help establish a coherent framework characterized by uniformity, continuity, and a conducive environment for innovation,” said Paul Talbert, Managing Director of ATV Fund.
According to Rademacher and Talbert, this proposal would meet the needs of all players involved.
Benefits of a Federal Regulatory Sandbox
A sandbox provides innovators with a controlled environment to test products under regulatory oversight without the immediate burden of full compliance with rules that may not yet fit their technology.
It also allows regulators to acquire firsthand insights into blockchain applications, facilitating the creation of more knowledgeable and flexible regulatory policies.
“Startups should have clear eligibility criteria to determine their qualification for participation, while regulators must outline specific objectives—whether focused on refining token classification frameworks, testing DeFi applications, or improving compliance processes,” Rademacher said.
It could also help the United States reinforce its position as a leader in technological innovation.
“By fostering innovation through simplicity, regulatory certainty, and conducive environments, the United States can significantly strengthen its competitive position in the global fintech landscape,” Talbert added.
While the United States has stalled in creating a federal framework for fintech innovation, other jurisdictions around the world have already gained significant ground in this regard.
Global Precedents
The Financial Conduct Authority (FCA), which regulates the United Kingdom’s financial services, launched the first regulatory sandbox in 2014 as part of Project Innovate. This initiative aimed to provide a controlled environment for testing innovative products.
The government asked the FCA to establish a regulatory process to promote new technology-based financial services and fintech and ensure consumer protection.
The United Arab Emirates (UAE) and Singapore, in particular, have made progressive strides in creating federal regulatory sandboxes.
The UAE, for example, currently has four different sandboxes: the Abu Dhabi Global Market (ADGM) Regulation Lab, the DSFA Sandbox, the CBUAE FinTech Sandbox, and the DFF Regulation Lab.
Their focus areas include digital banking, blockchain, payment systems, AI, and autonomous transport.
Meanwhile, the Monetary Authority of Singapore (MAS) launched its Fintech Regulatory Sandbox in 2016. Three years later, MAS also launched the Sandbox Express, providing firms with a faster option for market testing certain low-risk activities in pre-defined environments.
“The success of regulatory sandboxes in jurisdictions such as the United Kingdom, Singapore, and the United Arab Emirates has highlighted the importance of key attributes: regulatory collaboration, transparent processes, continuous monitoring, and the allocation of dedicated resources. As a result, a growing number of jurisdictions worldwide are looking to replicate the frameworks established by these pioneering countries to strengthen their competitive position in the global fintech landscape,” Talbert said.
Rademacher believes these jurisdictions’ innovations should prompt the United States to accelerate its progress.
For that to happen, the United States must overcome certain hurdles.
Challenges of a Fragmented US Regulatory Landscape
A fragmented network of federal and state agencies overseeing financial services presents a key challenge to establishing a US federal regulatory sandbox.
“Unlike other countries with a single financial authority overseeing the market, the U.S. has multiple agencies—including the SEC, CFTC, and banking regulators—each with different perspectives on how digital assets should be classified and regulated. The lack of inter-agency coordination makes implementing a unified sandbox more complex than in jurisdictions with a single regulatory body,” Rademacher told BeInCrypto.
Yet, in recent years, important SEC and CFTC actors have expressed interest in adopting a more favorable regulatory approach to innovation.
“Even though I tend to be more of a beach than a sandbox type of regulator, sandboxes have proven effective in facilitating innovation in highly regulated sectors. Experience in the UK and elsewhere has shown that sandboxes can help innovators try out their innovations under real-world conditions. A sandbox can provide a viable path for smaller, disruptive firms to enter highly regulated markets to compete with larger incumbent firms,” Peirce said in a statement last May.
However, the full scope of national regulations far exceeds the authority of these two entities.
Congressional and Constitutional Hurdles
Any legislative measure to develop a federal regulatory framework for sandboxes in the United States would have to undergo Congressional approval. Talbert highlighted several potential constitutional dilemmas the promotion of an initiative of this nature may face.
“These dilemmas include issues related to the non-delegation doctrine, which raises concerns about the constitutionality of delegating legislative power; equal protection considerations under the Fifth Amendment’s Due Process Clause; challenges arising from the Supremacy Clause; and implications under the Administrative Procedure Act (APA) and principles of judicial review,” he said.
To address these complexities, Congress must enact clear legal boundaries that ensure a regulatory framework is both predictable and open. Given the current administration’s emphasis on technological innovation, the prospects for creating a sandbox appear positive.
“Given the current composition of Congress, which aligns with the political orientation of the new executive branch, there may be a timely opportunity for regulatory reform. Such reform could facilitate the creation of a cohesive federal regulatory framework and enhance collaboration among federal agencies,” Talbert told BeInCrypto.
However, creating a federal regulatory sandbox is not a one-size-fits-all solution.
Balancing State Autonomy and Federal Regulations
State autonomy is enshrined in the US Constitution. This protection means that, even though a regulatory sandbox may exist at the national level, individual states still have the authority to restrict or prohibit sandboxes within their jurisdictions.
Encouragingly, most US states are already exploring regulatory sandboxes, and the states that have already implemented them represent diverse political viewpoints.
However, other considerations beyond political resistance must also be addressed.
“A federal regulatory sandbox might also face opposition from established financial institutions, including banks, which may perceive potential threats to their existing business models. Furthermore, federal budgetary constraints could impede the government’s capacity to support the development and maintenance of a federal regulatory framework,” Talbert added.
Effective federal regulations will also require a balance between businesses’ concerns and regulators’ responsibilities.
“The two biggest risks are overregulation—imposing excessive restrictions that undermine the sandbox’s purpose—or underregulation, failing to provide meaningful clarity. If the rules are too restrictive, businesses may avoid participation, limiting the sandbox’s effectiveness. If they are too lax, there is a risk of abuse or regulatory arbitrage. A well-executed federal regulatory sandbox should not become a bureaucratic burden but rather a dynamic framework that fosters responsible growth in the digital asset space,” Rademacher told BeInCrypto.
Ultimately, the best approach will require coordination from different governing bodies, industry stakeholders, and bipartisan collaboration.
Fostering Collaboration for a Successful Sandbox
Due to recent strained communication between tech and federal agencies, Rademacher believes fostering a cooperative atmosphere is essential for creating a functional federal sandbox.
“The approach must be collaborative rather than adversarial. Agencies should view the sandbox as an opportunity to refine regulations in real time, working alongside industry participants to develop policies that foster responsible innovation. Involvement from banking regulators and the Treasury Department could also be valuable in ensuring that digital assets are integrated into the broader financial system in a responsible manner,” he said.
Achieving this requires a bipartisan approach to harmonizing regulatory goals and setting clear boundaries. Industry collaboration with lawmakers and regulators is vital to showing how a sandbox can promote responsible innovation while safeguarding consumers.
“Its success will ultimately depend on whether it serves as a bridge between innovation and regulation, rather than an additional layer of complexity,” Rademacher concluded.
Berachain (BERA) has suffered a steep decline over the past week, shedding 30% of its value as bearish sentiment plagues the general market.
In the past 24 hours alone, the token has slid another 6%, deepening concerns of further downside. With growing bearish bias against the altcoin, this might be the case in the near term.
BERA Faces Mounting Downside Risk
Berachain’s sharp decline has triggered a surge in short positions across its futures market. This rise in demand for shorts is evident in its funding rate, which has been negative since the token’s launch on February 6. At press time, this is at -0.11%.
The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep prices aligned with the spot market.
A negative funding rate means that short traders are paying long traders, indicating a stronger demand for short positions.
As with BERA, if an asset experiences an extended period of negative funding rates, it suggests sustained bearish sentiment. It indicates that the token’s traders consistently bet on further price declines. This prolonged negativity could increase BERA’s price volatility and extend its price fall.
In addition, BERA has noted significant fund outflows from its spot markets over the past few days. Per Coinglass, the altcoin has noted almost $2 million in spot market outflows today alone.
When an asset experiences spot outflows like this, it signals a surge in selling pressure. It indicates a bearish trend as investors reduce exposure or take profits, potentially leading to further price declines.
BERA at a Crossroads—Break Below $6.07 or Rally Toward $7.36?
Berachain trades at $6.14 at press time, resting slightly above support at $6.07. If the bearish bias against the altcoin strengthens, its price could break below this support floor, causing the token to trade at a low of $5.35.
If the bulls fail to defend this level, BERA could slip to its all-time low of $4.74.
Controversy has trailed the announcement of a Crypto Strategic Reserve with critics taking swipes at crypto czar David Sacks over allegations of unjust enrichment. Gemini cofounder Cameron Winklevoss has waded in to defend Sacks, noting that the crypto czar is losing a fortune in gains by preventing a conflict of interest.
Gemini Founder Says Sacks Could Lose Up To $1 Billion In Crypto Gains
Amid swirling speculations of unjust enrichment, Sacks confirmed the sale of all his cryptocurrency holdings to avoid a conflict of interest. Gemini Founder Cameron Winklevoss remarked that Sacks’ decision to sell off all cryptocurrencies would cost him gains running into a billion dollars.
“David Sacks is going to easily lose out on $1 billion in crypto gains over the next 4 years,” said Winklevoss. “He sold all of his crypto holdings (including $85 million of his personal holdings) prior to becoming AI and crypto czar.”
Sacks has previously confirmed the sale of his digital asset holdings while denying Multicoin exposure after divesting his stake. According to Sacks, he cumulatively sold $200 million worth of cryptocurrencies while disposing of $85 million worth of personal assets. He confirmed that he liquidated his holdings in crypto funds, including Bitwise and Blockchain Capital, before assuming office.
Cameron says Sacks is at the helm of a policy shift for cryptocurrencies in the US but will not reap any benefits from the windfall of changes.
“He is doing tremendous work and will not be sharing in any of the economic upsides to avoid even the slightest appearance of a conflict,” said the Gemini cofounder.
Sacks Leads The Charge For New Crypto Policy Without Pecuniary Benefits
David Sacks has hit the ground running since his appointment as crypto and AI czar, playing a key role in setting up the White House Crypto Summit. His efforts led to the establishment of a Strategic Bitcoin Reserve and the US Digital Asset Stockpile.
Sacks disclosed that the US has lost over $17 billion from the previous sale of confiscated Bitcoins. The concerted efforts of Sacks are expected to trigger new institutional interest in the ecosystem, sending prices to new all-time highs by the end of Trump’s first tenure.
The crypto market is expected to experience high volatility as the crucial US CPI and PPI data are scheduled for this week. If the inflation rates come in higher than expected, it may trigger a sharp downturn in the crypto market, potentially sending Bitcoin’s price to significant lows.
Notably, the timing of these reports is crucial, as they precede the Federal Reserve’s meeting on March 18-19, influencing the central bank’s decision on interest rates. Let’s examine how the upcoming reports will shape the Fed’s decision and the potential fallout for the crypto market.
Crypto Market Braces for Impact: US CPI Report Looms
Significantly, the US CPI and PPI reports are slated for release this week, with the CPI report arriving on March 12 and the PPI report following on March 13. This has sparked anxiety among crypto traders and enthusiasts as these macroeconomic indicators could possibly evoke high market volatility.
According to a Reuters poll, the US CPI for February is expected to have climbed 0.3%. Wall Street expects that the CPI data will come at 2.9%. If the data showcases a surge in the inflation rate, a crypto market downfall could follow. Bryant VanCronkhite, the senior portfolio manager at Allspring Global Investments, stated,
A hot CPI print will likely scare the market. The market still wants the Fed to come to the rescue… Until inflation and inflation expectations come down, the Fed is handcuffed.
How Will CPI & PPI Data Impact Fed Rate Cut?
Interestingly, the Federal Reserve’s meeting comes following the US CPI and PPI data release. These reports could have a significant impact on the central bank’s decision on the interest rate as well as the crypto market.
The Fed is likely to maintain its benchmark interest rate at 4.25%-4.5% during the upcoming meeting, according to CME FedWatchtool Data. But, market expectations suggest further easing is on the horizon, with around 70 basis points of cuts anticipated by December, as indicated by Fed funds futures data from LSEG. If the PPI and CPI reports reveal a hot inflation rate, the Fed may opt to keep interest rates unchanged or even consider a hike.
Our policy stance is now less restrictive than it had been, and the economy remains strong. We do not need to be in a hurry to adjust our policy stance.
Will Bitcoin Price Explode or Correct?
In February, following the US CPI data release, the crypto market experienced a severe selloff. This led to the market’s massive fall of 3.3% to $3.1 trillion. As the CPI data marked a higher-than-expected inflation rate, Bitcoin plummeted to $94,000, down 3%.
Considering this, the crypto market is expected to face another downturn next week. In addition, Bitcoin ETFs marked significant outflows, recording a total of $409 million. 21Shares’ ARKB experienced the largest outflow of $160 million, followed by Fidelity’s FBTC with $154.9 million outflows.
However, analyst Crypto Caesar identifies the bearish sentiment as the last bear trap before entering the bull market.
Source: Crypto Caesar, X
Meanwhile, analyst Ali Martinez revealed that 63.13% of traders on Binance Futures have opened long positions on Bitcoin. This implies that the traders are optimistic about the Bitcoin price’s bullish ascendance in the future.
The crypto market concludes another week with unprecedented developments sparking investor enthusiasm. A strategic Bitcoin reserve was announced in the U.S., whilst a crypto stockpile and summit followed. Simultaneously, despite the optimistic developments, BTC and major-league altcoins continued encountering market volatility.
Mentioned below are some of the most buzzworthy market updates reported by CoinGape over the past week.
Crypto Market This Week Sees US Bitcoin Reserve & Crypto Stockpile
U.S. President Donald Trump announced a strategic Bitcoin reserve for America this week. This reserve is expected to encompass roughly 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities.
Intriguingly, Scott Bessent and Howard Lutnick have been appointed officials who will focus on potential resources to help the reserve acquire more BTC ahead. Trump revealed that these BTC coins are also not to be sold ahead, offering the reserve more value.
Further, the nation expects to see a ‘crypto stockpile’ comprised of assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP ahead, per Trump’s announcement. The main difference between the two sagas is that while the government will put efforts into acquiring more BTC, no active efforts for upsizing the crypto stockpile are to be made. Altogether, these were the major pro-crypto advancements in the U.S. this week.
Crypto Summit: What’s The Scoop?
Simultaneously, the cryptocurrency market saw a White House crypto summit this week, which was hosted by President Donald Trump and Crypto Czar David Sacks.
Notably, Trump showcased strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto businesses. Further, the 47th U.S. President continued reflecting strong support for cryptocurrencies, hinting that the government’s stance is primed to be more favorable for digital assets ahead.
Overall, the Bitcoin reserve announcement, crypto summit, and a crypto stockpile launch ahead have sparked noteworthy market optimism.
Bitcoin & Altcoins Still Volatile
However, despite the broader developments this week, BTC and major league altcoins face crypto market turbulence.
BTC price closed the week near $86K after riding a rollercoaster in the past seven days. ETH price lost nearly 2% and closed the week near $2,200. XRP price also faced turbulence and exchanged hands at $2.32 as the week closed, up by only 3% in 7 days. Lastly, SOL price lost 3.5% weekly and rested at $138, in line with the broader market trend.
Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility. SHIB dropped from its December peak of $0.0000329 and remains in a downward trend. Analysts predict a possible rebound, but market conditions suggest uncertainty about its next direction.
Shiba Inu Price Analysis: What’s Next for SHIB in the Market?
Shiba Inu price dropped sharply as the broader meme coin market faced losses. After a strong start to March, assets like Dogecoin and SHIB saw a downturn. This decline pushed Shiba Inu lower in market rankings, reflecting the overall weakness in the crypto sector.
Meme coins, including Dogecoin, WIF, PENGU, BONK, and PEPE, have recorded notable price decreases. The trend follows the broader market correction affecting digital assets. Shiba Inu’s price movement has been in line with this sentiment, signaling uncertainty among traders.
Despite the slump, three potential catalysts could boost SHIB’s price. The most significant factor is its rising burn rate. On March 8, the daily burn rate surged by 3,250% to 29 million tokens. Since its inception, over 410 trillion SHIB tokens have been removed from circulation, reducing supply to 584 trillion.
Analyst Predicts Shiba Inu Breakout With 422% Surge
Crypto analyst reports indicate that the SHIB price may have broken out of a Falling Wedge pattern. The breakout suggests a potential price surge, with projections hinting at a significant increase. Analysts highlight that if momentum sustains, the asset could experience a rise exceeding 422%, targeting $0.00008841.
Market sentiment around Shiba Inu remains strong, with traders monitoring technical signals. The meme-based asset has drawn attention amid discussions about its bullish trajectory.
SHIB Price Dips; Key Levels To Watch
As of 9th March, the SHIB price is trading at $0.00001254, reflecting a 0.40% decline over the past 24- hours.
The price remains within a narrow range as bearish sentiment persists. Key support is holding near $0.00001, while resistance sits around $0.000015. SHIB has struggled to break past these levels, signaling weakened momentum.
The MACD indicator shows a negative trend, with the MACD line hovering below the signal line. The histogram reveals growing red bars, indicating selling pressure. If the MACD line fails to cross above the signal line, downward movement may continue.
The RSI stands at 33, moving closer to the oversold zone. This suggests weak buying momentum.
Shiba Inu price prediction remains confined to a tight price channel, failing to establish a strong upward trend. The recent drop signals continued weakness, with buyers hesitant to step in. A breakout above $0.000015 may shift momentum toward bullish territory, while a fall below $0.00001 could extend losses. A sustained move above $0.000015 could open doors for bullish to target $0.000018 and $0.00002 resistance levels.
To sum up, the Shiba Inu price remains under pressure, struggling to hold key support. Analysts observe mixed signals, with traders closely watching technical indicators. The market’s next move will determine if SHIB rebounds or continues its decline.
