XLM, the native token of Stellar and an XRP rival, is poised for a massive price decline as it has formed a bearish price pattern on the four-hour timeframe. The asset is holding above a crucial level, but due to bearish market sentiment and continuous price drops, it has reached a critical make-or-break level.
XLM Technical Analysis and Upcoming Level
According to expert technical analysis, XLM has formed a bearish head and shoulders pattern and is on the verge of a breakout as it currently sits at the neckline. Based on recent price momentum and historical patterns, if the asset breaches this level and closes a four-hour candle below $0.265, there is a strong possibility it could drop by 30% to reach $0.19 in the coming days.
Source: Trading View
Amid the ongoing bearish market sentiment and continuous price decline, the asset has already traded below the 200 Exponential Moving Average (EMA) on both the daily and four-hour timeframes. This indicates a downtrend in both the short term and long term.
Currently Price Momentum
XLM is currently trading near $0.275 and has experienced a price drop of over 4.5% in the past 24 hours. During the same period, due to the market’s unexpected move, its trading volume dropped by 35%, indicating lower participation from traders and investors compared to previous days.
Traders Over-Leveraged Positions
At press time, traders are over-leveraged at $0.27 on the lower level and $0.285 on the upper level, as reported by the on-chain analytics firm Coinglass.
Source: Coinglass
Data further reveals that traders have built $500K worth of long positions at the lower level and $2 million worth of positions at the upper level, indicating that bears are currently dominating. This suggests a strong possibility that the asset could decline in the short term.
The post Stellar (XLM) at Make-or-Break Level, 30% Crash Incoming? appeared first on Coinpedia Fintech News
XLM, the native token of Stellar and an XRP rival, is poised for a massive price decline as it has formed a bearish price pattern on the four-hour timeframe. The asset is holding above a crucial level, but due to bearish market sentiment and continuous price drops, it has reached a critical make-or-break level. XLM …
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging.
Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). Offered at just $0.02, this token is offering something significantly more than memes—it’s delivering innovative tools, revolutionary features, and real potential for growth.
What’s driving this shift? And why are traders betting on a project like BinoFi instead of sticking with their favored memes?
The Appeal of Memecoins is Fading
Memecoins have always operated on a simple principle: hype. Dogecoin’s rise to fame, backed by social media frenzy and mentions from high-profile figures, showcased how far memes can carry a coin.
Pepe followed a similar trajectory, promising nothing more than amusement and speculative gains. For a while, it worked. People traded these coins with the hope that a tweet or viral moment would skyrocket their value.
But memecoins are beginning to show their flaws. Their reliance on fleeting hype leaves them vulnerable to drastic price swings, a nightmare for traders seeking a semblance of stability. Add to that their lack of utility, most memecoins provide little to no functional value and it’s clear why some traders are looking for alternatives.
PEPE, for example, saw explosive early growth, but without any real-world application or technological backbone, sustaining that momentum has proven nearly impossible. Similarly, while DOGE enjoys occasional spikes thanks to endorsements or nostalgia, its novelty has worn thin for those prioritizing purpose over gimmick.
After all, hype may bring initial profits, but long-term sustainability and innovative features are what keep traders loyal. Memecoins don’t deliver on that front and BinoFi is stepping in to prove why it’s different.
Why Traders Are Turning to BinoFi
While memecoins rely on momentary trends, BinoFi is rooted in solving actual problems that traders face in the crypto world. Its hybrid exchange model, which bridges the divide between centralized and decentralized exchanges, is just one of the reasons traders are sitting up and taking notice.
BinoFi turns what can feel like an overwhelming, fragmented trading experience into something smooth and efficient. By merging centralized exchange order books with decentralized liquidity pools, it ensures deep liquidity and faster transactions without forcing traders to compromise.
No one in the market is offering this hybrid model quite like BinoFi.
Even more exciting is its focus on cross-chain trading. Traditionally, moving funds between different blockchains has been a boring and complex process involving bridges, tools that often come with significant risk.
BinoFi eliminates this hassle entirely through its cross-chain trading capabilities, which allow for direct swaps across multiple blockchains in one step. Less time wasted, fewer complications, and safer transactions, these are the kinds of features traders are looking for.
Security is another major factor. Unlike memecoins, which aren’t exactly known for innovative development or advanced security, BinoFi is putting control into the hands of its users with Multi-Party Computation (MPC) wallets.
The Value of Getting in Early
The BinoFi presale is quickly capturing the spotlight in the crypto space, offering a golden opportunity for forward-thinking investors to get in. With the token priced at an attractive $0.02 in its current presale phase, early participants are positioning themselves ahead of a project set to revolutionize the trading industry.
Those participating in early phases not only secure an exceptional entry point but also stand to benefit from some exclusive perks. These include reduced trading fees, priority access to staking rewards, and even early involvement in shaping the platform’s governance, a unique chance to influence the future of such a project.
The potential for significant returns bolsters the word once BINO hits the mainstream market. Analysts are already projecting enormous growth, with estimates suggesting a staggering 9900% increase for those capitalizing on the presale’s discounted entry point.
The listing price after the presale ends is $0,30 per token so even in case predictions don’t work, early supporters benefit from at least a massive 1200% growth of their investment.
For crypto enthusiasts who recognize the power of early investments, the BinoFi presale is a huge opportunity. With the first phase filling up fast and excitement building across the community, now is the time to act and become part of what could be the next major success story in crypto.
The Future is Looking to Utility, Not Memes
While memecoins like DOGE and PEPE will always have their place as lighthearted pieces of crypto culture, their lack of utility makes them hard to justify as long-term investments.
The days of investing in coins for memes alone seem to be waning. Traders are increasingly choosing projects like BinoFi that promise not just short-term gains, but lasting impact.
The post Crypto Traders Are Dumping Memecoins Like PEPE and DOGE For BinoFi (BINO) at $0.02 appeared first on Coinpedia Fintech News
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging. Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). …
Bitcoin ETFs (exchange-traded funds) recorded significant net outflows this week, with institutional investors pulling out nearly $800 million amid market uncertainties.
Despite high expectations for the White House Crypto Summit, Bitcoin ETFs saw their fourth consecutive week of outflows, suggesting that institutional sentiment remains cautious. Over $4.5 billion in net assets have exited the market in the past four weeks.
Bitcoin and Ethereum ETFs Experience Heavy Outflows
Data on SoSoValue shows US Bitcoin ETFs faced total net outflows of $799.39 million this week after five consecutive days of negative flows.
The largest single-day outflow of the week occurred on Friday, with $409 million withdrawn from Bitcoin ETFs.
Data on Farside Investors corroborates the outlook. It shows that the largest contributors to Friday’s landmark outflows were Ark Invests’ ARKB and Fidelity’s FBTC ETF instruments. They posted $160 million and $154.9 million in negative flows, respectively.
BlackRock’s IBIT and Grayscale’s GBTC followed with $39.9 million and $36.5 million. Meanwhile, the other issuers, save for Bitwise (BITB), recorded zero flows.
Ethereum ETFs also continued their negative trend, logging a second consecutive week of net outflows.
Ethereum ETFs Weekly Net Outflow. Source: SoSoValue
These negative flows come despite anticipation that this would be a bullish week amid White House Crypto Summit hype. The outflows suggest that macroeconomic concerns and strategic market positioning have overshadowed the event’s impact.
Some analysts point to persistent fears over President Trump’s trade tariffs and broader economic instability. These, they say, sour institutional confidence. Specifically, industry experts have highlighted structural shifts in the market as a possible explanation for the ongoing capital flight.
Kyle Chasse recently explained that hedge funds have been exploiting a low-risk arbitrage trade between Bitcoin spot ETFs and CME futures. However, as these trades collapse, liquidity is withdrawn from the market, influencing sell-offs and outflows from crypto investment products.
QCP Capital Explains Crypto Market Reaction
Meanwhile, a recent report from QCP Capital provided additional insight into the market reaction. The firm noted that while the White House Crypto Summit was initially expected to be a key bullish catalyst, President Donald Trump preempted expectations by signing an executive order establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile.
Upon the signing, Bitcoin’s price dropped sharply from $90,000 to $85,000 in what analysts called a “sell the news” event. Market participants positioned for a bullish outcome at the summit were caught off guard, leading to a sharp sell-off.
“The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” read an excerpt in the QCP report.
This explains Friday’s climax of the week’s Bitcoin ETF outflows. Overall, it’s evident that macroeconomic factors are driving fears among institutional investors, at least for the short term.
BNB Chain announced a major upgrade, the Pascal Hardfork, slated for March 20. The upgrade improves Ethereum Virtual Machine (EVM) compatibility, smart contract wallets, and developer flexibility.
This upgrade follows the recent Ethereum Sepolia Testnet upgrade to Pectra, highlighting the rapid pace of blockchain development.
BNB Chain Announces Pascal Hardfork
BNB Chain revealed the update in a post on X (Twitter), noting that the Pascal Hardfork will improve user experience and developer efficiency on the Binance Smart Chain (BSC).
One of its most significant implementations of the Pascal Hardfork is EIP-7702 (Ethereum Improvement Proposal 7702). The upgrade potentially puts the network at the forefront of EVM-compatible chains.
“This makes it [BNB Chain] one of the earliest chains to adopt this EVM upgrade,” the network stated.
According to the announcement, Pascal Hardfork will allow wallets to function as smart contracts. This would unlock several benefits, including delivering gasless transactions.
With this upgrade, users can pay for gas fees more flexibly, improving accessibility.
The Pascal upgrade will also deliver batch approvals and swaps, meaning transactions can be grouped. This would reduce costs and make DeFi interactions smoother.
Binance founder and former CEO Changpeng Zhao (CZ) acknowledged the Pascal upgrade, calling it an “Important Hardfork.” Meanwhile, BNB Chain hinted that beyond Pascal Hardfork, other upgrades are in the pipeline.
It cited the Lorentz Hardfork, slated for April 2025 and expected to deliver faster blocks at 1.5 seconds transaction speed.
Additionally, the Maxwell Hardfork, due in June 2025, would make the BNB Chain significantly faster, with a transaction speed of 0.75 seconds.
“Lorentz at 1.5s blocks? Solana already does 0.4s. But Maxwell at 0.75s… BNB’s roadmap is evolution on crack,” a user on X quipped.
In a broader context, this announcement comes only days after Ethereum’s Sepolia Testnet implemented the Pectra upgrade. BeInCrypto reported that this upgrade enhances Ethereum’s EVM functionality and smart contract capabilities.
Therefore, BNB Chain’s timing signals growing competition among blockchain networks.
Despite the positive developments, BNB price remains largely unaffected today.
However, BNB remains a more resilient asset among the top cryptocurrencies. The altcoin saw a 2% gain in the past month, while all the major tokens, such as Bitcoin, Ethereum, and Solana, saw double-digit losses.
Cardano (ADA) has struggled to maintain $1 as support, facing resistance that led to a sharp 9% decline in the last 24 hours. Despite this downturn, traders appear increasingly bullish.
With ADA currently trading at $0.80, the recent price action has sparked optimism, opening the door for a potential recovery.
Cardano Enthusiasts Are Certain Of Recovery
Cardano’s funding rate is on the verge of turning positive after nearly a week in the negative zone. This shift indicates a potential change in trader sentiment.
When the funding rate is negative, short sellers dominate, showing bearish sentiment. However, as the rate moves toward positive territory, it suggests traders are now placing more long contracts than short, signaling confidence in a price rebound.
The shift in sentiment follows ADA’s price drop to $0.80, allowing traders to enter positions at lower levels. Many now anticipate an uptrend, believing the cryptocurrency’s recovery is imminent.
One key metric supporting Cardano’s potential recovery is the Market Value to Realized Value (MVRV) Long/Short Difference, currently at 23%. This metric assesses the profitability of long-term holders (LTHs) versus short-term traders.
A positive value indicates LTHs are sitting in profits, reinforcing market stability.
Long-term holders often act as the backbone of an asset, and their profitability supports overall market health. As these investors see their positions return to profit, they are less likely to sell, reducing downward pressure on ADA’s price.
Cardano’s price fell by 16.8% over the past 48 hours, struggling to breach the $0.99 resistance level. This sharp decline pushed ADA to its current trading price of $0.80, leaving traders assessing potential recovery scenarios.
Despite the drop, Cardano has maintained support above $0.77, suggesting a possible bounce. If the funding rate flips positive and macro momentum remains strong, ADA could reclaim $0.85 as support.
A successful flip would enable Cardano to retest $0.99 and potentially establish $1.00 as a new support level.
However, risks remain. If broader market conditions deteriorate, ADA could lose its footing above $0.77. A break below this level would invalidate the bullish outlook, exposing Cardano to a further decline towards $0.70.
The idea of merging all the current Broccoli projects into one has gained much attention. Even the former CEO of Binance, CZ, has supported this idea.
Previously, Changpeng Zhao (CZ) shared the story of his dog Broccoli, which quickly sparked a wave of meme coins BROCCOLI in the crypto market. However, these projects are fragmented, and many have seen sharp price drops since their launch.
The Bold Idea Of Merging All The Broccoli Meme Coins
A user on the X platform (formerly Twitter) shared his opinion on the current state of the Broccoli projects. In the present context, this user posed a question:
“The odds of any single broccoli hitting 10x are slim to none on its own, but together?” the X user suggested.
He pointed out that the fragmentation of the Broccoli meme coin projects has prevented many investors from participating because people don’t know—or can’t predict—which project will receive liquidity.
There are too many projects being introduced. The popularity of the Broccoli meme coin has brought CZ in for much criticism.
Some Broccoli projects reached a market cap of tens of millions of USD within hours but quickly collapsed due to sell-offs or scams.
Different BROCCOLI Meme Coins on DEXs. Source: DEXSCREENER
Earlier this January, Binance announced and introduced three Broccoli projects, including Broccoli (BROCCOLI), CZ’S DOG (Broccoli), and Broccoli (Broccoli) into Binance Alpha, which have the potential to be listed on the exchange.
“Merging all Broccoli under one new contract is the safest, most promising bet for everyone involved. The odds of any single Broccoli hitting 10x are slim to none on its own, but together? That’s a real possibility,” wrote popular BNB trader Ben Todar.
He noted that each community is too distinct, and picking one as the standout is very difficult. When CZ first shared about his dog Broccoli, many investors asked him for the official CA (contract address).
The former Binance CEO has also expressed interest in this idea. He suggested that combining them would be the best approach in the current chaotic meme coin space.
Most recently, when CZ revealed that he holds a significant amount of BNB, the price of the BROCCOLI meme coin skyrocketed. However, as of the time BeInCrypto wrote this article, many BROCCOLI coins had lost most of their value.
The three CZ’s Dog projects on Binance Alpha have faced the same fate. Data show that more than 40% of Binance Alpha tokens decreased in price after the announcement.
Thus, the merger idea might be an attempt to salvage the situation. A larger community may have the opportunity to vote on the listing of their coin through a new feature introduced by Binance.
However, the timing and potential execution plan remain unclear.
PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin’s sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.
The extended drawdown has created a challenging environment, with sentiment remaining overwhelmingly bearish.
PEPE Investors Are Losing Hopes
Short-term holders (STHs) have exited the market over the past month. Their participation has dropped from 11.5% to 7%, a 4.5% decline that reflects the growing reluctance to engage with PEPE at current price levels.
The prolonged downtrend has discouraged traders, as any recent investments have resulted in losses.
Typically, a low STH presence can be seen as a stabilizing factor, reducing volatility. However, this case highlights rising pessimism among PEPE investors.
The absence of new inflows and the reluctance of holders to re-enter suggest that sentiment remains fragile, further delaying any potential recovery.
PEPE’s macro momentum remains weak, with technical indicators signaling persistent bearish conditions. The Relative Strength Index (RSI) has remained stuck in the bearish zone for over a month, indicating continued selling pressure.
The lack of upward momentum suggests that recovery remains unlikely in the near term.
Additionally, worsening broader market conditions have exacerbated PEPE’s decline. Without a shift in macroeconomic or crypto market trends, the meme coin could remain under pressure. Until key resistance levels are breached, bearish dominance is expected to persist.
PEPE’s price has fallen to $0.00000670, holding above the critical support of $0.00000632. Sitting at a six-month low, the meme coin’s four-month-long downtrend shows no signs of reversal. If bearish pressure continues, PEPE could lose its support and sink further.
A breach of $0.00000632 would likely result in PEPE falling below $0.00000600. This could extend losses further, pushing the price toward the next support at $0.00000587. Without a strong reversal, PEPE may continue its downward trajectory, deepening investor losses.
The only way to invalidate this bearish outlook is if PEPE reclaims the crucial resistance of $0.00000951 as support. A successful breakout above this level would increase the chances of the meme coin returning to $0.00001000.
However, before this can happen, PEPE must first breach $0.00000718 and $0.00000839, both acting as key resistance levels on the way to recovery.
Coinbase CEO Brian Armstrong has announced plans to hire 1,000 employees in the United States in 2025, attributing the decision to recent regulatory advancements under President Donald Trump’s administration. Armstrong made the statement following the White House Crypto Summit, where he and other industry leaders met with government officials to discuss crypto regulation policies.
Coinbase CEO Brian Armstrong Announces 1,000 New U.S. Jobs
After attending the White House Crypto Summit, Coinbase CEO Brian Armstrong took to X (formerly Twitter) to reveal the company’s hiring plans. He stated that the regulatory landscape in the U.S. is improving, allowing the company to expand its workforce.
Armstrong credited the shift to President Trump’s leadership and the administration’s efforts to establish clear guidelines for crypto regulation. He emphasized that this new clarity is enabling businesses like Coinbase to strengthen their presence in the U.S. market.
Coinbase CEO added,
“Historic day at the Whitehouse Digital Asset Summit. Thanks to Trump’s leadership, along with David Sacks, the U.S. now has a Strategic Bitcoin Reserve and emerging regulatory clarity. This is directly translating to economic growth in the U.S. For instance, Coinbase plans to hire about 1,000 employees in the U.S. this year as a result of this renewed growth.
During the White House crypto summit, Donald Trump announced plans to end Operation Chokepoint 2.0, signaling a shift toward a more supportive regulatory environment. Additionally, Trump emphasized the urgency of stablecoin legislation, aiming to establish clear regulatory guidelines before Congress adjourns for summer.
Regulatory Clarity Boosts Crypto Industry Growth
The White House Crypto Summit brought together government officials, industry leaders, and regulatory bodies to discuss the future of digital assets. The event marked a shift in the U.S. government’s stance toward the crypto industry, with an emphasis on fostering innovation.
One of the major developments discussed was the U.S. government’s decision to create a Strategic Bitcoin Reserve. Armstrong expressed his support for the initiative, stating that the U.S. government holding Bitcoin signals its recognition as a key financial asset.
A major factor influencing Coinbase CEO Brian Armstrong’s hiring announcement was the US SEC decision to drop its enforcement action against the company. With the case no longer proceeding, crypto businesses now look to Congress for regulatory clarity. Armstrong stated that this development allows Coinbase to focus on business expansion rather than ongoing legal battles.
Donald Trump Administration’s Crypto Policy
Donald Trump administration has positioned itself as an advocate for the crypto industry, with officials expressing their commitment to making the U.S. a leader in digital assets. Bo Hines, the executive director of the President’s Working Group on Digital Assets, reaffirmed the administration’s goal of establishing the U.S. as the global center for crypto innovation.
Hines stated that government agencies, including the Treasury and Commerce departments, are exploring ways to invest in Bitcoin without increasing the financial burden on taxpayers. Industry leaders, including Coinbase CEO Brian Armstrong, welcomed these policy changes.
Meanwhile, VanEck has shared budget-neutral strategies in which the U.S. government could expand its Bitcoin Reserve without taxpayer funding.
Ripple (XRP) price momentum has stalled below the $3 threshold after a volatile trading this week driven by conflicting market catalysts. While Trump’s proposal to include XRP in a U.S. strategic crypto reserve initially ignited a price rally, macroeconomic headwinds and skepticism from key financial institutions have cut gains in half
XRP Bulls Struggle to Hold Gains Amid Conflicting Catalysts
XRP price grazed the $3 mark on Monday as rallying 40% after Trump included XRP in the Crypto strategic reserver assets last weekend. However, traders digested multiple market-moving developments this week, those gains have been halved.
Trump’s push to establish a cryptocurrency strategic reserve, with XRP included alongside Bitcoin and Ethereum, Solana, and Cardano generated strong initial momentum at the start of the week. Further optimism came from the easing of tariffs imposed on Mexico and Canada, boosting broader market sentiment.
XRP Price Action
However, XRP bulls faced resistance as macroeconomic uncertainties dampened risk appetite. The latest U.S. Non-Farm Payroll (NFP) report revealed rising unemployment, fueling concerns about persistent inflation and a potentially more hawkish Federal Reserve. As a result, profit-taking emerged near the $3 mark, halting the upside breakout and forcing consolidation around $2.40.
The rejection at $3 suggests traders remain wary of overextending bullish positions amid policy uncertainty. Liquidity remains a key factor, with leveraged long positions likely facing liquidations if XRP fails to hold critical support levels.
JPMorgan Director Casts Doubt on Strategic Crypto Reserve Approval for Ripple
At press time on March 8, Ripple price was trading at $2.40, with a market capitalization of approximately $140 billion. Bull traders anticipate that a break above $3 could push XRP’s market cap toward $200 billion, especially if U.S. Treasury actions align with Trump’s strategic reserve proposal.
However, JPMorgan’s latest report has thrown cold water on Ripple’s ambitious valuation target, highlighting significant hurdles in gaining congressional approval for a U.S. strategic crypto reserve. According to Nikolaos Panigirtzoglou, managing director of global market strategy at JPMorgan, the probability of such a reserve materializing remains below 50%.
“We don’t believe an approval of a U.S. strategic crypto reserve is the most likely scenario (assuming congressional approval would be needed). So the chance is less than 50% in our mind. And if a U.S. strategic crypto reserve is eventually approved, it would be difficult to include smaller tokens outside Bitcoin and Ethereum, as the inclusion of such tokens would raise more concerns about risk and volatility”
– Nikolaos Panigirtzoglou, Maanaging director of global market strategy at JPMorgan
The report further noted that similar state-level Bitcoin reserve proposals have recently failed in Montana, North Dakota, South Dakota, and Wyoming due to concerns over volatility and regulatory hurdles.
Skepticsm around approval of Trump’s crypto strategic reserve plan added to the bearish sentiment keeping XRP price below the $2.50 mark on the daily candle. As traders await further clarity, XRP’s technical structure suggests a pivotal battle ahead.
XRP price is showing early signs of bullish exhaustion after failing to hold above $2.60, suggesting a potential retest of lower support levels. The 12-hour chart highlights a clear rejection near $2.99, coinciding with the upper Donchian Channel boundary, signaling strong resistance. Despite the recent breakout, the inability to sustain momentum above this zone raises the likelihood of profit-taking, particularly with the latest 5.84% decline.
XRP Price Forecast
The MACD histogram, while still in positive territory, has begun fading, hinting at waning bullish momentum. The MACD line remains above the signal line, supporting a bullish case, but the narrowing gap suggests that if selling pressure persists, bears could regain control. Key support is forming near $2.47, aligned with the midline of the Donchian Channel. A decisive break below this level would expose $2.39, a critical pivot where bulls must step in to prevent a slide toward $1.95.
Conversely, if XRP price holds above $2.47 and volume picks up, a renewed push toward $2.99 is likely, with $3.20 as the next bullish target. Leverage traders appear active, making sharp wicks and liquidity hunts a key risk in both directions.
The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory. Even meme coins hovered into the red zone on Saturday. However, Ethena defied the broader market trend and pumped remarkably.
Crypto Market Today: BTC, ETH, SOL, & XRP Face Turbulence
The global crypto market lost nearly 1%, as indicated by a diminishing market cap of $2.82 trillion. Further, the global trading volume was also down by 9.5%, signaling investor insecurity.
BTC and altcoins tanked considerably over the day, igniting market concerns despite the recent U.S. Bitcoin reserve and crypto stockpile announcement. Moreover, despite President Donald Trump conducting a crypto summit recently, the market has yet to pump
BTC Wanes To $85K
BTC price witnessed a 1.5% decline in the past 24 hours and exchanged hands at $85,939. The flagship coin bottomed and peaked at $85,247 and $91,070 intraday. Bitcoin’s dipping action aligns with $298.7 million liquidated in the BTC market over the past day, per Coinglass data. Also, the flagship crypto’s market dominance fell by 0.08% to 60.27% today, indicating altcoins are relatively in relief.
ETH Price Slips Marginally
ETH price witnessed a slight dip of 0.5% in the past 24 hours and closed in at $2,1147. The coin hit a low and a peak of $2,107.73 and $2,254.23 intraday. Ethereum’s dip falls in line with $57.14 million liquidated in the past 24 hours. Also, ETH’s dominance remained at 9.1% today.
XRP Price Loses 5%
XRP price witnessed a 5% decline in value and exchanged hands at $2.36. Ripple’s coin bottomed and peaked at $2.33 and $2.56 in the past 24 hours. Notably, Coinglass data indicated that XRP recorded $18.96 million worth of liquidations over the day. Meanwhile, Ripple whales moved 180 million coins, sparking speculation among market participants.
SOL Price Slips 1%
As of press time, SOL price witnessed a 1% decline and exchanged hands at $140.24. The coin bottomed and peaked at $137.87 and $150.02 in the past 24 hours. Solana’s slight dip aligns with $18.02 million worth of liquidations over the past day.
Meme Crypto Market Enters The Red Zone
Dogecoin (DOGE) price cracked marginally intraday and exchanged hands at $0.1982. Shiba Inu (SHIB) price followed, losing 1% and resting at $0.00001306. Nevertheless, Pepe Coin (PEPE) price witnessed a 3% uptick to reach $0.000006931, defying the broader market trend.
Top Gainers In The Crypto Market Today
Ethena (ENA)
Price: $0.4388
24-Hour Gains: +17%
Litecoin (LTC)
Price: $106.15
24-Hour Gains: +5%
Decentraland (MANA)
Price: $0.2921
24-Hour Gains: +5%
Top Losers In The Crypto Market Today
Kaspa (KAS)
Price: $0.06757
24-Hour Loss: -8%
Quant (QNT)
Price: $76.82
24-Hour Loss: -7%
Jito (JTO)
Price: $2.48
24-Hour Loss: -7%
In conclusion, the crypto market has kept investors on their toes despite pro-cryptocurrency advancements in the U.S. A crypto summit, crypto stockpile, and strategic Bitcoin reserve have failed to uplift the market momentum.
