Author: Monicah W

President Donald Trump signing the executive order for US strategic reserve for Bitcoin has turned out to be a ‘sell the news’ event. Bitcoin price crashed down all the way from $92,000 to hitting a low under $85,000, dropping more than 7% in the last 24 hours. Altcoins have also come crashing down 5-7% as the broader crypto community doesn’t seem to be much happy regarding the reserve news.

Why Is Bitcoin Price Crashing Suddenly?

After hitting the bottom of $83,000 earlier this week, Bitcoin bounced back all the way to $92,000 ahead of the scheduled White House Crypto Summit on Friday, March 7. Bitcoin prices drop significantly after President Trump signs an executive order to establish a strategic Bitcoin reserve.

The order provides no clarity on how the reserve will be funded beyond the Bitcoin already held by the U.S. government. Essentially, it’s merely a commitment to retain current holdings without plans for further accumulation or funding strategies.

However, the crypto community is discussing whether the Trump government could open up channels to build its Bitcoin stockpile. On the other hand, the crypto market thinks that the government should add no more altcoins like ETH, SOL, XRP, and ADA and instead continue with the current holdings seized from previous operations. Speaking on the development, economist Peter Schiff stated:

“While it’s up for debate whether the government can buy more Bitcoin for the strategic reserve, the one thing the executive order makes clear is that the crypto stockpile will consist only of seized tokens, so no ETH, XRP, ADA, or SOL will be bought. So at least there’s that!”

Apart from Bitcoin price drop today, all the altcoins part of US strategic reserves have seen a greater fall. Ethereum (ETH) dropped by 5.83%, Solana (SOL) is down by 4,76%, Cardano (ADA) is down by 10.83%, while XRP is holding relatively well with just 1.34% drop.

Strategic Bitcoin Reserve Execution Path Ahead

Metaplanet CEO Simon Gerovich stated that although Bitcoin price is falling, the market is undermining the importance of Trump’s executive order for BTC reserves. According to Gerovich, the order grants the Secretaries of Treasury and Commerce authority to devise a strategy for acquiring additional Bitcoin in a budget-neutral manner, ensuring no added costs for American taxpayers. He added:

“The Executive Order is more aggressive than expected. This provision paves the way for substantial Bitcoin accumulation without burdening the national budget.”

Gerovich also outlined two possible paths for the execution of a strategic Bitcoin reserve. These include:

• Exercise of Presidential Power: Utilizing the Exchange Stabilization Fund’s net assets, currently around $39 billion, to purchase Bitcoin immediately.
• Congressional Approval: Under Senator Lummis’s proposed Bitcoin Bill, the government would acquire 200,000 BTC annually for five years by leveraging the revaluation of gold, all in a budget-neutral framework.

Explaining this further, Fox Business journalist Eleanor Terret said: “So Donald Trump’s Executive Order calls for two separate things — a US strategic reserve and a stockpile. The key difference between the reserve and the stockpile is that the government will not actively look for ways to purchase more of the assets contained in the stockpile. It will only explore using government funds (if they can find budget neutral ways to do that) on buying BTC”.

Cynthia Lummis Pushes for Bitcoin Act Approval

Commenting on the development, Senator Cynthia Lummis stated that this is just the beginning. “President Trump deserves all the credit. Now let’s pass the BITCOIN Act and make it law,” she wrote.

Renowned crypto legal expert MetaLawman has drawn attention to Senator Cynthia Lummis’s BITCOIN Act, which includes a proposal for the U.S. Treasury to acquire 1,000,000 Bitcoin over five years.

Referencing Section 5(a)(1)(A) of the Act, MetaLawman noted, “The BITCOIN Act calls for the Treasury to ‘purchase’ 1,000,000 Bitcoin within a five-year period.”

The post Why Is Bitcoin Price Dropping Despite US Strategic Reserve? appeared first on CoinGape.

Crypto Market Today (March 7): Despite U.S. President Donald Trump’s recent announcement about a ‘Bitcoin reserve’ and a ‘crypto stockpile,’ BTC price backtracked to a $84K low intraday. Simultaneously, Ethereum (ETH), Solana (SOL), and XRP prices followed by dropping 1-6% in the interim. Meme coins also traded mainly in the red zone on Friday, with the broader sector’s action collectively sparking severe investor concerns despite the latest pro-crypto advancements.

Crypto Market Today: BTC, ETH, SOL, XRP Wane Despite U.S. Crypto Reserve Establishment

The global crypto market lost nearly 4% value today as the market cap shrank to $2.88 trillion despite pro-cryptocurrency advancements in the U.S.

President Donald Trump recently signed an executive order to establish a Bitcoin strategic reserve. Furthermore, the order also focused on creating a ‘crypto stockpile’ in the U.S. that consists of coins like XRP, SOL, & ADA. However, despite these much-awaited pro-crypto developments, prices today encounter considerable volatility.

BTC Price Hits $84K Low Again

After showcasing a recovery-like trend, BTC price again leaves hope sinking as it fell over 4% to $87,071 at the time of reporting. Besides, CoinMarketCap’s data showed that the coin bottomed at $84,717.68 over the past day. This waning action raised severe concerns, contrary to the strategic U.S. reserve announcement that was expected to bolster the price.

Besides, with $259.24 million in liquidations in the past 24 hours, per Coinglass data, Bitcoin continues to face turbulence. Even BTC futures OI slipped 4.6% today and closed in at $48.48 billion, signaling declining market interest despite favorable developments. CoinGape reported that Bitcoin recorded selling pressure amid market-wide speculations that the U.S. government won’t add more BTC to the reserve.

ETH Price Dips 6% Amid Crypto Market Volatility

ETH price cracked by 6% intraday and exchanged hands at $2,146. The coin bottomed and peaked at $2,103.47 and $2,319.40 in the past 24 hours. The second-largest coin by market cap wanes alongside $72.04 million worth of liquidations recorded over the past day. Ethereum’s futures OI also declined by 4.24% to $19.24 billion, rationalizing a downtrend. The coin’s market dominance rested at 9.1% today.

XRP Price Slips 1%

XRP price witnessed a drop of slightly over 1% and is currently sitting at $2.47. The coin hit an intraday low and high of $2.39 and $2.64, respectively. Ripple’s cryptocurrency follows the broader market trend, facing turbulence amid $24.34 million in liquidations recorded over the day. Conversely, the coin’s future prospects remain optimistic amid rising XRP whale accumulations.

SOL Price Loses 5%

SOL price witnessed a 5% downfall in the past 24 hours and closed in at $141. The coin swooped to a $135.72 low and a high of $152.78 intraday. Even Solana registered $21.67 million worth of liquidations, aligning with the tumbling action.

Meme Crypto Market In The Red

Simultaneously, Dogecoin (DOGE) price pulled back nearly 5% and exchanged hands at $0.1967. Shiba Inu (SHIB) price lost over 2% and stood at $0.00001318. Even Pepe Coin (PEPE) price lost 6% and exchanged hands at $0.000006717. Altogether, the meme coin market mirrors broader trends.

Top Gainers In The Crypto Market Today

Some tokens appear to have defied the fading market trend today, entering the green zone.

Movement (MOVE)

Price: $0.4945
24-Hour Gains: +5%

MOVE price soars alongside Donald Trump’s World Liberty Financial’s rising accumulations for the token, per recent Spotonchain X post.

Sui (SUI)

Price: $2.68
24-Hour Gains: +1%

Sui gains alongside its new collaboration with Trump’s World Liberty Finance. WLFI will include SUI in their strategic token reserve, as revealed by the crypto’s community posted on X.

Jito (JTO)

Price: $2.66
24-Hour Gains: +0.5%

Top Losers In The Crypto Market Today

Other tokens that bore the brunt of a broader market dip are:

Ondo (ONDO)

Price: $1.02
24-Hour Loss: -14%

Sonic (S)

Price: $0.5206
24-Hour Loss: -13%

Cardano (ADA)

Price: $0.8549
24-Hour Loss: -10%

In conclusion, the market sentiment remains uncertain despite the optimistic announcement of a Bitcoin strategic reserve establishment. Traders and investors eagerly await the looming White House crypto summit for further clarity on the market’s future.

The post Crypto Market Today (Mar 7): BTC & Altcoins Fade Despite Trump’s Pro-Crypto Usher appeared first on CoinGape.

The crypto market is buzzing with anticipation as two notable players—Cardano (ADA) and Rexas Finance (RXS)—set the stage for a potentially explosive 2025. While Cardano shows signs reminiscent of its exponential 2020–2021 rally, a fresh competitor, Rexas Finance, is carving out its own niche by attracting significant investor attention. So, can Cardano price climb to new heights while this newcomer carves out its own space? Let’s dive in.

Cardano Price: On the Verge of a Breakout?

Cardano price action in early 2025 has been a mix of volatility and promise. After experiencing a 20% decline, ADA rebounded with a swift 25% surge, suggesting that while the market remains erratic, profitable opportunities could be on the horizon. This potentially poses Cardano as one of the best cheap cryptocurrencies to invest in right now.

Analysts are closely watching the critical $0.87 resistance level—a benchmark that, if surpassed, might unlock a strong upward trend similar to the modest growth phase preceding Cardano’s massive 2020–2021 rally.

Back then, ADA enjoyed a period of steady growth before exploding by over 2,000%. Although the current rally is more measured, many investors are optimistic that history may be repeating itself.

With ADA trading at around $0.85 and forecasts predicting an average price of approximately $1.19 in Q2 2025, climbing past its previous all-time high of $3.10 (set in 2021),  and potentially reaching $5 or more if market conditions align.

A successful breach of the $0.87 level could catalyze a rally that propels Cardano to new heights, offering an attractive return on investment.

Rexas Finance (RXS): The Rising Altcoin

In the midst of Cardano price anticipated surge, Rexas Finance (RXS) is emerging as a compelling contender in the altcoin space. Currently undervalued at $0.20, RXS is nearing the end of its presale phase and has already raised over $46 million toward its $56 million target, with more than 90% of the tokens sold. This level of activity signals robust community support and investor interest in the RWA token.

Scheduled for a full token launch at $0.25 on June 19, 2025, Rexas Finance is poised for explosive growth. Set to fully launch its tokens at $0.25 on June 19, 2025, Rexas Finance is ready for significant expansion.

Certain industry projections even foresee an exponential surge, with the altcoin possibly climbing to $18 by year’s end—a notable projected rise of 9,000%. As one of promising early-stage cryptocurrencies, RXS distinguishes itself from other cryptocurrencies with its creative method of tokenizing real-world assets ( RWAs ).

By allowing the tokenization and transfer of intellectual property, commodities, and real estate, RXS is closing the digital and physical worlds. Those wishing to profit from the rising interest in distributed finance (DeFi) and blockchain-based asset management may find this unusual approach appealing as an investment.

Security and Community Engagement: RXS’s Winning Formula

Rexas Finance doesn’t merely depend on creative concepts; it’s also establishing a robust base of security and openness, making it one of the new cryptocurrencies to buy in today’s dynamic market. The platform has been subject to a thorough security review by Certik, a top blockchain security company, which gives investors confidence in a landscape where digital risks and breaches are frequent worries.

In addition to security, RXS is proactively involving its community with thrilling initiatives. It is currently offering a $1 million RXS token giveaway, in which 20 fortunate winners will each get $50,000 in tokens. With more than 1.46 million entries, this campaign has  increased community engagement and awareness.

Additionally, being listed on prominent cryptocurrency tracking platforms such as CoinMarketCap and CoinGecko enhances RXS’s credibility and guarantees its performance is accessible to millions of prospective investors.

Final Thoughts: A Cardano Price and RXS Create a Dual Opportunity for 2025

The cryptocurrency community is at cross roads as the year progresses. With its past history demonstrating rallying trends, and current price movements, Cardano price could be on the verge of a breakout. At the same time, Rexas Finance (RXS) is quickly gaining momentum through its creative asset tokenization approach, impressive presale results, and active community involvement.

For investors, this dual chance presents an enticing story: while Cardano could spearhead a market surge similar to its 2020–2021 achievements, Rexas Finance provides an exhilarating option with the possibility of substantial profits. Both initiatives, with favorable market conditions, have the potential to yield significant returns, making the upcoming months of 2025 a time to monitor closely in the changing landscape of cryptocurrencies.

The post Cardano Price 2025 Rally: Can It Soar While This New Altcoin Rises? appeared first on CoinGape.

Ethereum whales have been aggressively buying the ETH price dips while adding a total of 1.1 million coins within just the past 48 hours. Following President Donald Trump’s signing of the executive order for the US strategic reserve, ETH has seen a 6% drop today amid the broader market correction. However, institutional players could once again charge in leading to trend reversal soon.

Ethereum Whales Are Aggressively Buying the Dips

Crypto analyst Ali Martinez has highlighted a significant development in the Ethereum market, revealing that whales have purchased 1.10 million ETH within the past 48 hours.

The sudden accumulation has raised speculation within the community, with Martinez questioning whether the whales have insider knowledge of upcoming market developments. This surge in whale activity could signal confidence in Ethereum’s future prospects or an anticipation of a major event.

A day before, Donald Trump’s DeFi project World Liberty Financial purchased $10 million worth of Ethereum. Overall, they purchased a total of 4,468 Ethereum (ETH) at a price of $2,238 per ETH.

The ETH whale action has surged over the past week, along with an additional purchase of 110,000 ETH. Historical data suggests that significant accumulation by Ethereum whales often precedes periods of price stabilization or upward movement for Ethereum. “As long as Ethereum $ETH stays above $2,200, the odds of a rebound increase,” noted analyst Martinez.

Currently, the ETH price is trading 5.75% down at $2,170 levels with a market cap of $261 billion. The 24-hour liquidations have shot up above $71 million, of which $52.96 million is in long liquidations, despite the executive order for US strategic reserve involving ETH.

Will ETH Price Bounce Back Strongly From Here?

On-chain analytics firm Santiment revealed that Ethereum sentiment has dropped to its lowest levels of the year amid strong underperformance. Despite the bearish mood dominating social media discussions, Santiment suggests this could be a positive indicator for long-term holders.

Crypto analyst Titan of Crypto dismissed fears about Ethereum’s decline, emphasizing that the second-largest cryptocurrency remains technically robust.

According to the analyst, Ethereum continues to move within a broadening wedge pattern—a bullish technical setup. Additionally, ETH recently revisited the “Reload Zone” (RLZ), a key price area where professional traders often look to initiate long positions or accumulate more. Also, the below image shows that the RSI is in the support zone and likely to bounce from here.

The post Ethereum Whales Buy 1 Mln Coins, Is This Final ETH Price Dip Before Pump? appeared first on CoinGape.

The post Can Cardano (ADA) Compete With Rollblock’s (RBLK) Meteoric 500% Rise? appeared first on Coinpedia Fintech News

Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names.

Why Rollblock Could Surpass Older Projects

Rollblock shines as a premier GambleFi platform on Ethereum, merging DeFi and iGaming in a way few can match. It has already raised $10.8 million during its presale and offers a $0.06 token entry point for early supporters.

Fans see this project as a potentially huge performer, especially given its real-world utility. The network supports more than 7,000 games, including slots, live dealer events, and sports betting markets – all powered by Ethereum-backed smart contracts for maximum fairness.

Tokenomics are structured to reward loyalty. By buying back and burning a percentage of RBLK tokens, Rollblock reduces supply, driving potential price growth. Specifically, 60% of repurchased tokens are permanently destroyed, while 40% go to stakers.

Such measures aim for long-term stability. Meanwhile, robust staking APYs (up to 30%) make holding RBLK highly attractive. Weekly dividends also await those who keep tokens locked since a portion of the casino’s revenue is shared with holders.

Join The Rollblock Revolution

This model creates ongoing passive income without sacrificing user confidence. Analysts note that Rollblock’s low market cap and unique approach could outperform bigger coins in the upcoming bull run. By focusing on both entertainment and profit generation, Rollblock sets a new standard for integrated DeFi platforms. This blend intrigues savvy investors.

Can Cardano keep up?

Over the past few months, ADA attracted fresh attention as large holders accumulated over 130 million coins. This trend shows growing whale interest, reflecting optimism about future adoption.

Source: https://cointelegraph.com/news/why-is-cardano-ada-price-up-today 

In fact, a prominent crypto analyst (Kwantxbt) recently noted that the token had “strong consolidation around $1.06–1.07 after [a 61% jump]” and believes the lower trading volume signals accumulation.

ADA showing strong consolidation around $1.06-1.07 after that impressive 61% surge. Volume declining indicates accumulation phase. Resistance at $1.19, support at $1.05. Looking bullish with potential for another leg up if it holds above $1.05. Confidence level: 7/10

— kwantxbt (@kwantxbt) March 3, 2025

Beyond social media buzz, ADA whales have steadily built positions, suggesting confidence in upcoming developments. Network data indicates consistent usage, though some question whether it can match Rollblock’s pace.

Nevertheless, many traders expect ADA to hold its place among top blockchain contenders. Looking ahead, if whales remain bullish, ADA may stay in demand, but the fierce competition from emerging projects should not be overlooked.

ADA Also Faces Competition From Other Coins

Meanwhile, Chainlink and Toncoin continue expanding their DeFi ecosystems, challenging ADA for user attention. Each boasts strong developer support and novel features, but neither matches the multifaceted approach that Rollblock brings to the table.

Some analysts argue that ADA must innovate at a faster pace to stay competitive against these rising stars. Yet, many see opportunities for cross-chain collaboration and shared liquidity, lifting all boats. Still, with ADA holders anticipating new governance and dApp releases, the real question is whether any competitor can outpace Rollblock’s rapid momentum. 

Observers note that if this crypto expands partnerships, it might stand its ground alongside these platforms, but Rollblock’s unique GambleFi edge continues to intrigue investors. Even though Donald Trump shared that he would include this coin in the national reserve, it might not be enough.

Source: https://www.binance.com/en/square/post/21012528447785 

Conclusion

The crypto space often rewards those who spot emerging trends before they become mainstream. Rollblock appears poised to claim that spotlight, backed by strong tokenomics and broad functionality.

Established projects still hold weight, but ambition can transform an underdog into a leader. Whether it’s gaming, DeFi, or community growth, Rollblock seems ready to push boundaries, and investors should be prepared for significant momentum as markets shift in favor of daring newcomers.

Enjoy the march, friend referral bonus and secure you and a friend 30% off, plus a further 20% purchase bonus on all new buys. These can be stacked for a 50% total bonus.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io
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The post Can Cardano (ADA) Compete With Rollblock’s (RBLK) Meteoric 500% Rise? appeared first on Coinpedia Fintech News
Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names. Why …

The post The Next Big Ethereum Rival? This Explosive Presale Raised $11M and Is Targeting a 10x Surge appeared first on Coinpedia Fintech News

The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage.

The combination of advanced AI tools with dual chain support could allow IntelMarkets to become a powerful rival against Ethereum (ETH). Many investors have their eyes on this emerging platform because it shows signs of a potential 10x surge.

IntelMarkets’ $11M Presale Shakes the Market

The crypto market has shown interest in IntelMarkets, which helped it to raise above $11.2 million in presale. The new platform currently sells tokens for $0.09 which will increase to $0.10 in the next stage.

The speed at which investors are getting IntelMarkets tokens in the presale could show their confidence in its ability to possibly challenge the Ethereum price. IntelMarkets has achieved success in presale through its advanced trading capabilities.

Source: IntelMarkets

The Intelli-M robots at IntelMarkets possess self learning capabilities. They can automatically adopt the market trends and learn from their mistakes to perform better. Further autopilot trading bots would guide users through easy crypto transactions. They use preset risk strategies while reducing the need for manual intervention in trades.

The platform gives its users the ability to maximize investment returns through its impressive 1000x leverage feature. IntelMarkets also offers dual chain functionality that would allow secure transactions on both Ethereum and Solana blockchains. This could give greater flexibility to users than the competing platforms.

IntelMarkets is becoming famous in the crypto industry because of its AI-based features and the potential to surge 10x after launch.

Ethereum Faces Challenging Market Conditions

Ethereum (ETH) has been facing intense market pressure because its value dropped around 30% this month. In fact, the current ETH/BTC ratio is the lowest it has been since 2021 which shows increasing market difficulties.

The Ethereum price is still trading above $2,000. However the platform is facing challenges because of regulatory concerns, spot ETF reviews, and market decline. The Layer 2 networks and selling pressure from institutions have also caused the Ethereum price to plunge lower.

Source: CoinMarketCap

The ETH token is still at number 2 in the market despite facing challenges. The upcoming EIP-4844 updates could promise to improve both the ETH token’s scalability and transactional performance as a sustainable development. The Ethereum price could experience a rebound if it maintains its support levels.

Yet analysts believe that the volatile market conditions might continue for the Ethereum price. Market experts are closely tracking the performance of the ETH token. However, investors are considering IntelMarkets because of its modern blockchain solutions and presale success.

IntelMarkets Could Potentially Rival Ethereum With 10x Surge

The Ethereum price continues to drop, and IntelMarkets is stepping into the limelight due to its massive presale success. If IntelMarkets reaches even 1% of ETH’s massive market cap of above $267 billion, each INTL token could be around $1.34.

From the current presale price of $0.09, this could mean an increase of over 1,300%. According to this prediction, IntelMarkets could easily experience more than 10x surge after launch.

The platform is also consistently working to improve its presence. IntelMarkets aims to add a Coin Margin Derivatives Contracts feature to its system. This development would allow traders to use Bitcoin and Ethereum as security for crypto futures and perpetual contracts. This feature improves flexibility and liquidity for users.

IntelMarkets has also performed many stress tests to guarantee its users that it can process big volumes of transactions while maintaining speed and security. This constant development and advanced AI-based features could allow IntelMarkets to potentially become the next big rival of the ETH token.

Final Thoughts

The recent swings in the crypto industry have severely affected the Ethereum price. This allowed emerging platforms like IntelMarkets to take the stage with an impressive $11M presale.

Its advanced features and investor confidence could allow INTL to surge 10x after launch and be the potential  ETH rival. Now is the best time to invest in the platform before the token price increases in the next stage.

Discover the IntelMarkets (INTL) presale:

Presale: https://intelmarkets.io/

Buy Presale: https://buy.intelmarkets.io/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

The post The Next Big Ethereum Rival? This Explosive Presale Raised $11M and Is Targeting a 10x Surge appeared first on Coinpedia Fintech News
The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage. The combination of advanced AI tools with …

The post Crypto Price Today (07th March, 2025): Bitcoin Price Drops to $89k Ahead of Crypto Summit? appeared first on Coinpedia Fintech News

The crypto market has bogged down after a bullish move just yesterday. As a result, the market capitalisation of the business now stands at $2.89 trillion. However, seasoned traders seized the opportunity, which led to the intraday trading volume surging by 10.07% to $129.65 billion. The drop coming ahead of pivotal events like Trump signing the executive order, Powell’s speech, U.S. jobs report, and Federal Reserve’s Monetary Policy Report has been a bummer for the industry. This has influenced the Fear & Greed Index to remain under the fear territory and a score of 30.

Bitcoin Price Recorrects to $88k

Bitcoin price has dropped by 4.42% in the past 24 hours to trade at $88,331.21. The $58.51 billion worth of trade volumes did little to push the flagship cryptocurrency’s price on the daily chart. BTC price did not react to Donald Trump signing an executive order to establish a Bitcoin reserve, which intends to position Bitcoin in line with traditional gold reserves.

Explore our in-depth Bitcoin Price Prediction 2025, 2026-2030 for insights on BTC’s next big move!

Altcoin Season Far from Reality?

As per Coin Market Cap’s “Altcoin Season Index”, the current score stands at 14 out of 100, indicating that the market remains in Bitcoin season. Leading altcoins experienced a broad decline, with Ethereum down 6.26% to $2170.17, XRP dropping 1.54% to $2.50, and Solana sliding 5% to $142.48.

Check out our XRP Price Prediction 2025, 2026-2030 to understand XRP’s price trajectory.

Top Gainers & Losers

While the majority of cryptocurrencies traded in the red, a few outliers posted gains: 

Top Gainers:

• SUI: $2.76 (+3.08%)
• CRO: $0.08641 (+2.01%)
• LEO: $9.92 (+0.03%)

Top Losers:

• Sonic: $0.5264 (-14.31%)
• AAVE: $208.43 (-12.37%)
• ONDO: $1.04 (-12.29%)

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The post Crypto Price Today (07th March, 2025): Bitcoin Price Drops to $89k Ahead of Crypto Summit? appeared first on Coinpedia Fintech News
The crypto market has bogged down after a bullish move just yesterday. As a result, the market capitalisation of the business now stands at $2.89 trillion. However, seasoned traders seized the opportunity, which led to the intraday trading volume surging by 10.07% to $129.65 billion. The drop coming ahead of pivotal events like Trump signing …

The post Explainer: What Trump’s Executive Order Means for Ripple’s XRP, and Other Altcoins appeared first on Coinpedia Fintech News

President Donald Trump’s latest executive order (EO) introduces new rules for how the U.S. government will handle digital assets like Bitcoin (BTC), XRP, and other cryptocurrencies. The order focuses on two key components: a strategic reserve for Bitcoin and a broader digital asset stockpile that includes XRP and other altcoins.

What is the Strategic Reserve for Bitcoin?

According to Fox Business’ Eleanor Terrett and David Sacks, the EO establishes a strategic reserve for Bitcoin (BTC), which will be the U.S. government’s primary digital asset. This reserve will be funded using the approximately 200,000 BTC tokens already in the government’s possession. These Bitcoins were seized over the years through criminal and civil forfeitures—meaning they were taken from illegal activities. The government will not need to buy any additional Bitcoin with taxpayer money. In fact, officials are authorized to explore ways to acquire more Bitcoin, but only through methods that do not cost taxpayers.

What is the Digital Asset Stockpile?

Alongside the Bitcoin reserve, the EO also creates a digital asset stockpile, which will contain cryptocurrencies other than Bitcoin. The stockpile will likely include assets like XRP, ADA (Cardano), ETH (Ethereum), and SOL (Solana), as announced by the President. However, unlike Bitcoin, the government will not actively look to purchase more of these altcoins. Instead, it will explore ways to acquire them without spending taxpayer dollars, such as using cryptocurrencies already seized from illicit activities.

The Role of Seized Assets

A key point discussed by experts is how the government will build its stockpile of XRP, ADA, and other cryptos without purchasing them. According to a former Goldman Sachs employee and founder of EasyA, the government will use seized assets to fill the stockpile. Over the years, the government has confiscated a large amount of cryptocurrency as part of legal actions against criminal activity. This means no new taxpayer money will be used for the stockpile.

No Plans to Sell Crypto

The government also announced that it will not be selling any of its seized cryptocurrencies, including Bitcoin and others. This decision could reduce market volatility caused by government sales of crypto. Over the last decade, the government sold around 195,000 BTC, which some believe led to downward pressure on Bitcoin’s price. By holding onto these assets, the government is signaling a more stable approach to managing its digital holdings.

What Does This Mean for the Crypto Market?

The decision not to sell seized cryptocurrencies, along with the creation of a digital asset reserve and stockpile, is seen as a positive step for the crypto market. It reduces potential selling pressure and might help stabilize prices, especially for Bitcoin. Overall, these measures are viewed as bullish for the market, particularly for Bitcoin and other digital assets included in the government’s stockpile.

The post Explainer: What Trump’s Executive Order Means for Ripple’s XRP, and Other Altcoins appeared first on Coinpedia Fintech News
President Donald Trump’s latest executive order (EO) introduces new rules for how the U.S. government will handle digital assets like Bitcoin (BTC), XRP, and other cryptocurrencies. The order focuses on two key components: a strategic reserve for Bitcoin and a broader digital asset stockpile that includes XRP and other altcoins. What is the Strategic Reserve …

The post Why Is Bitcoin Price Dropping? Key Reasons Behind the Sudden Crash appeared first on Coinpedia Fintech News

Bitcoin’s price has taken a sharp hit, dropping 4% in the past 24 hours and leaving investors worried. The global crypto market lost nearly $99 billion in just 24 hours, bringing the total market cap down to $2.89 trillion. But what is causing this sudden Bitcoin drop? Here’s the key reasons behind the recent market drop.

Uncertainty Over U.S. Government’s Bitcoin Plans

One major reason for Bitcoin’s decline is the significant Bitcoin initially surged to $92,000 following President Trump’s announcement of a U.S. Strategic Bitcoin Reserve. However, the market quickly turned bearish after realizing the executive order did not clarify how the government would acquire more Bitcoin.

The uncertainty surrounding whether the U.S. will buy more Bitcoin or just hold onto its seized BTC has left investors skeptical. Some experts, like Peter Schiff, believe the lack of clear accumulation plans could hurt Bitcoin’s long-term growth.

Bitcoin ETFs See Heavy Outflows

Another reason for Bitcoin’s drop is the significant outflow from Bitcoin spot ETFs. According to Farside data, Bitcoin spot ETFs recorded a massive outflow of $134.3 million. This came right after a day of positive inflows, where Bitcoin ETFs saw $22.1 million entering the market.

Leading the outflows was BlackRock’s iShares Bitcoin Trust (IBIT), which saw a $50.6 million outflow, followed by Grayscale Bitcoin Trust (GBTC) with $34.5 million and Franklin Templeton’s fund with $18 million in outflows. 

No other major ETF recorded a net inflow, indicating strong selling pressure from institutional investors.

Market Liquidations Increase Selling Pressure

Apart from the spot Bitcoin ETF Outflow, increasing market liquidations is leading to massive selling pressure. In the last 24 hours, traders lost a total of $531 million, with long traders suffering the most. Long positions accounted for $398.3 million of these liquidations, while short traders faced $133 million in losses.

A total of 152,576 traders were affected by these liquidations, with the largest single liquidation occurring on Bitfinex’s BTC/USDT pair, valued at $15.40 million. As long positions get wiped out, the selling pressure increases, pushing Bitcoin’s price even lower.

Bitcoin Struggles to Hold Key Support

Lastly, bitcoin technical analysis suggests that BTC is struggling to hold its key support level as of now it is trading just below its key support level of $89,041. If it fails to reclaim this level, further declines toward $85,000 or even $82,761 could occur. 

However, if Bitcoin manages to flip the $90,800 resistance into support, it could attempt a recovery toward $93,625.

The post Why Is Bitcoin Price Dropping? Key Reasons Behind the Sudden Crash appeared first on Coinpedia Fintech News
Bitcoin’s price has taken a sharp hit, dropping 4% in the past 24 hours and leaving investors worried. The global crypto market lost nearly $99 billion in just 24 hours, bringing the total market cap down to $2.89 trillion. But what is causing this sudden Bitcoin drop? Here’s the key reasons behind the recent market …