Crypto Market Today (Mar 8): BTC At $85K, Altcoins Show Volatility, & ENA Jumps 17%

Crypto Market Today (Mar 8): BTC Slips To $85K, Altcoins Show Volatility, & ENA Jumps 17%

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.

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Ripple vs. SEC Lawsuit Could End with $125M Judgment Still in Place, Says Lawyer

Ripple vs. SEC Lawsuit Could End with $125M Judgment Still in Place, Says Lawyer

The ongoing Ripple vs. SEC lawsuit may conclude without any changes to the $125 million judgment against Ripple, according to attorney Fred Rispoli.

The legal expert suggested that the Securities and Exchange Commission (SEC) might be waiting for new leadership before making a final decision. This has led to discussions about whether Ripple could negotiate a reduced penalty or alternative settlement.

Ripple vs. SEC Lawsuit Could End with $125M Judgment

The US SEC, currently led by a 2-1 pro-crypto commission under acting Chair Mark Uyeda, has not dropped its case against Ripple, despite withdrawing other cryptocurrency-related lawsuits. Legal analysts Fred Rispoli in an X post believes the agency is waiting for new SEC Chair candidate Paul Atkins to take office before making further decisions on the case.

Fred Rispoli has argued that dropping the appeal while keeping the $125 million fine would save the SEC from further legal battles.

“The best satisfaction of this, if true, is that it nullifies the thousands of hours of work put in by SEC staff to get the $125M judgment,” Rispoli stated in a post on X.

The Ripple vs. SEC lawsuit remains one of the most complex legal battles in the cryptocurrency industry. While the SEC recently closed cases against Kraken, Coinbase, and ConsenSys, it has yet to take similar action against Ripple. Some legal experts believe the injunction on Ripple’s institutional sales of XRP may be a key factor in the delay.

Speculation Over XRP Payments and Strategic Reserves

There has been speculation that Ripple could settle the $125 million fine by transferring XRP instead of cash. Vincent Van Code, a market analyst, suggested that Ripple might be negotiating to pay the fine in XRP, which could then be allocated to a government-controlled cryptocurrency reserve.

According to Van Code, “Some are speculating that Ripple, rather than pay $125 million in dollars, provides the equivalent in XRP to the new crypto strategic reserve.” However, attorney Rispoli doubts that such an arrangement is likely, given the slow progress in legal proceedings.

Meanwhile, Ripple’s escrow holdings, which contain approximately 37.1 billion XRP, have been at the center of discussions regarding potential government acquisitions. Over the weekend, U.S. President Donald Trump confirmed that XRP would be part of the country’s digital asset reserve, fueling speculation that Ripple’s escrow could be involved in the legal negotiations.

XRP Sales Restrictions Remain a Key Issue

The Ripple vs. SEC lawsuit has focused on whether XRP should be classified as a security. In 2023, Judge Analisa Torres ruled that Ripple’s institutional sales of XRP were securities transactions, leading to the $125 million fine. Ripple has since been working to challenge the injunction that restricts certain sales of XRP to banks and payment processors.

According to legal experts, Ripple’s efforts to overturn the injunction could be a reason why the SEC has not yet dropped its case. Attorney Jeremy Hogan has suggested that Ripple may be engaging with the Second Circuit Court of Appeals to contest the ruling.

Meanwhile, Ripple Chief Technology Officer (CTO) David Schwartz has dismissed concerns about XRP inflation. Schwartz reaffirmed that XRP’s total supply cannot be increased under the XRP Ledger’s code.

“There is literally no function to create any more XRP. The code to do such a thing does not exist,” he stated.

As for the Ripple vs. SEC lawsuit, it is currently under review at the Second Circuit Court of Appeals. The SEC submitted its arguments to the court on January 15, 2025, and Ripple has until April 16 to file its response.

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Best Altcoins to Buy This Week? Doge Uprising Staking & Presale Offer Huge Returns

doge-uprising

The post Best Altcoins to Buy This Week? Doge Uprising Staking & Presale Offer Huge Returns appeared first on Coinpedia Fintech News

The cryptocurrency market is entering a critical phase, and many investors are looking for the best altcoins to buy this week before major price movements occur. With multiple opportunities across different sectors, there are several altcoins that could deliver significant returns.

This week, five altcoins stand out as strong contenders for investors looking to maximize their portfolios:

  • Doge Uprising (DUP) – A presale meme coin with staking and high ROI potential
  • Tron (TRX) – A blockchain powering stablecoins and decentralized applications
  • Toncoin (TON) – The Telegram-backed cryptocurrency gaining widespread adoption
  • Raydium (RAY) – A decentralized exchange driving liquidity in the Solana ecosystem
  • Tezos (XTZ) – A smart contract platform known for its self-upgrading governance

Among these, Doge Uprising presents the strongest opportunity, offering a low-cost entry point through its presale and a staking platform that allows investors to earn passive income while holding their tokens.

Doge Uprising: The Best Altcoin to Buy This Week

Doge Uprising has become one of the most talked-about presales in 2025, having raised over $415,000 and currently sitting in stage 9 of its presale. With each new stage, the price of $DUP tokens increases, meaning early investors get the best possible entry point before the token is listed on exchanges.

The current price per $DUP token is $0.00002595, but as the presale progresses to stage 10, the price will increase again. Investors who secure tokens now will be in a strong position when Doge Uprising launches on major exchanges, where early presale participants historically see the highest returns.

Unlike many meme coins that rely purely on speculation, Doge Uprising provides a staking mechanism that allows holders to earn rewards simply by holding $DUP tokens. This feature makes it more than just a speculative asset—it becomes a passive income-generating investment that appeals to both traders and long-term holders.

Low Market Cap with High Upside Potential

With Doge Uprising still in its early stages, the token has significant room for growth. Compared to established meme coins like Dogecoin and Shiba Inu, Doge Uprising offers a much higher upside potential, making it an attractive option for those looking for a high-risk, high-reward opportunity.

Tron (TRX) – A Blockchain Powering Stablecoin Transactions

Tron is one of the most widely used blockchain networks, particularly in the stablecoin sector, where it handles high transaction volumes for Tether (USDT). Its fast and low-cost transactions make it a solid choice for long-term investment.

However, because Tron is already an established asset, its growth potential is more limited compared to low-cap presales like Doge Uprising, which have yet to experience explosive growth.

Toncoin (TON) – The Cryptocurrency Backed by Telegram

Toncoin has gained traction due to its strong connection with Telegram’s massive user base. The blockchain is optimized for fast transactions and scalability, making it a promising investment for those looking at long-term adoption.

However, because Toncoin has already seen significant price increases, it does not offer the same level of upside as Doge Uprising, which is still in its presale stage with room for rapid price appreciation.

Raydium (RAY) – A Key Player in the Solana Ecosystem

Raydium is a decentralized exchange and liquidity provider that plays a central role in the Solana network. As Solana continues to grow, Raydium is likely to benefit from increased trading activity and liquidity incentives.

While Raydium is a strong project in the decentralized finance sector, its growth potential is limited compared to Doge Uprising, which has a lower initial market cap and the potential for massive returns once it enters the public market.

Tezos (XTZ) – A Smart Contract Platform with Built-In Governance

Tezos is a self-upgrading smart contract blockchain known for its governance model, which allows it to implement changes without hard forks. The platform has been widely adopted in the NFT and enterprise blockchain sectors.

Although Tezos is a solid investment for long-term security, it does not have the same high-risk, high-reward potential as Doge Uprising. Investors looking for quick gains are more likely to find better opportunities in presales like $DUP.

The Best Altcoin to Buy This Week

For investors seeking high-growth opportunities, Doge Uprising presents the best risk-reward ratio this week. The combination of a rapidly growing presale, an upcoming exchange listing, and a fully operational staking platform makes it one of the most promising altcoins in 2025.

With a low current price and an increasing presale valuation, Doge Uprising offers investors a rare opportunity to secure an early position in what could be one of the biggest meme coins of the year. The crypto market moves fast, and those who recognize potential early often see the highest returns.

Doge Uprising Is The Best Altcoin To Buy This Week!

Website | Twitter | Telegram

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The cryptocurrency market is entering a critical phase, and many investors are looking for the best altcoins to buy this week before major price movements occur. With multiple opportunities across different sectors, there are several altcoins that could deliver significant returns. This week, five altcoins stand out as strong contenders for investors looking to maximize …

Cardano (ADA) Price Prediction For March 8

XRP Lawsuit Ripple CLO Says SEC’s ‘Rehashed’ Appeal Will be Abandoned Under Atkins

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Cardano (ADA) is one of the cryptocurrencies included in the Crypto Strategic Reserve. However, due to bearish market sentiment, it has been continuously struggling to gain momentum. Today, March 8, 2025, amid market uncertainty, the asset has registered a 5% price drop and has reached a crucial support level.

Cardano (ADA) Technical Analysis and Upcoming Levels 

As ADA reaches a crucial support area, concerns are rising about whether the price will hold this level or fall below it due to bearish market sentiment. Let’s see what happens in the coming days.

Source: Trading View

According to expert technical analysis, the $0.81 level is a strong support zone with significant buying pressure and potential for a price reversal. If the current sentiment persists and the price falls, closing a four-hour candle below $0.81, there is a strong possibility of an 18% decline to $0.68. On the other hand, if ADA holds this level, it has the potential to rebound and surge by 35%, reaching $1.15 in the future.

At present, ADA is trading at the 200 Exponential Moving Average (EMA), which provides strong support and indicates that the asset is still in an uptrend.

Current Price Momentum

At press time, ADA is trading near $0.827, having registered a 5% price drop in the past 24 hours. During the same period, its trading volume declined by 10%, indicating lower participation from traders and investors compared to the previous day.

Despite market uncertainty, traders are currently over-leveraged at $0.804 on the lower side and $0.84 on the upper side, according to on-chain analytics firm Coinglass.

Additionally, these levels hold $9.11 million worth of long positions and $5.45 million worth of short positions, indicating that bulls are strong and could support the asset in holding this level.

The post Cardano (ADA) Price Prediction For March 8 appeared first on Coinpedia Fintech News
Cardano (ADA) is one of the cryptocurrencies included in the Crypto Strategic Reserve. However, due to bearish market sentiment, it has been continuously struggling to gain momentum. Today, March 8, 2025, amid market uncertainty, the asset has registered a 5% price drop and has reached a crucial support level. Cardano (ADA) Technical Analysis and Upcoming …

FIFA Coin Soars 142,000% After Trump’s Remarks at White House Crypto Summit

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The FIFA World Cup trophy made a surprise appearance at the White House Crypto Summit, adding a touch of excitement to the event on digital assets and blockchain policy.

FIFA President Teases FIFA-linked Crypto Launch

FIFA President Gianni Infantino hinted at launching a FIFA-linked cryptocurrency at the White House Crypto Summit on March 7, ahead of the 2026 World Cup. President Donald Trump



President

suggested the coin could even exceed FIFA’s value.

President Donald Trump spoke about the potential of FIFA Coin, joking, “It could be quite a coin,” and added, “That coin could be more than FIFA.” His comments quickly sparked speculation in the crypto community about the possibility of a FIFA-branded cryptocurrency becoming real.

FIFA COIN’s Reaches $3M Market Cap

After Trump’s comments, a cryptocurrency called FIFA COIN (FIFA) soared by 142,000%, reaching a market cap of around $3 million. FIFA COIN, traded on decentralized exchanges like Uniswap, saw a spike in trading activity, with a 24-hour volume of $0.65 and a price of $0.0645. However, it has no official connection to FIFA or the 2026 World Cup.

Crypto investors are cautioned about meme coins that often pop up after major events or statements from influential figures, which could lead to significant losses.

Speaking at the event, Infantino said that FIFA, under his stewardship, is “very, very interested under my presidency to develop the FIFA coin.”So if there is anyone interested in teaming up with FIFA, we’ll conquer the world of soccer with the FIFA coin,” he added.

The 2026 FIFA World Cup will be hosted by Canada, Mexico, and the United States, marking the first time three nations will co-host the tournament. With a new 48-team format, it will feature 104 matches, making it the biggest World Cup ever.

Trump Pushes For U.S. Crypto Leadership

At the White House Crypto Summit, key crypto leaders like Coinbase’s Brian Armstrong and Kraken’s Arjun Sethi joined President Trump, who emphasized making the U.S. a crypto leader. Trump also confirmed that his administration will hold seized Bitcoin in a Strategic Bitcoin Reserve, criticizing Biden’s crypto policies for hurting the industry.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

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The FIFA World Cup trophy made a surprise appearance at the White House Crypto Summit, adding a touch of excitement to the event on digital assets and blockchain policy. FIFA President Teases FIFA-linked Crypto Launch FIFA President Gianni Infantino hinted at launching a FIFA-linked cryptocurrency at the White House Crypto Summit on March 7, ahead …

Crypto Money Laundering in China: Thousands Arrested in Government Crackdown

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At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. Let’s dive in to learn the details! 

China’s Crackdown on Crypto Money Laundering 

As per Yong’s work report, no fewer than 3,032 people were booked in connection with crypto money laundering crimes in 2024. 

How does crypto money laundering work? 

Criminals hide dirty money by turning it into anonymous cryptos. They mix these cryptos with others, making them impossible to trace. Then, they swiftly move the money through many crypto addresses. Finally, they cash it out, pretending it came from legal crypto trading or investments or use it to purchase high-value products.

China’s Action against Financial Fraud and Crimes 

The same report states that around 25,000 people were arrested in China for financial fraud and crimes in 2024. This showcases that the Chinese government is keen to weed out the threat of financial fraud and crimes from its financial ecosystem.

The report also notes that in the same year, no fewer than 825 people were prosecuted for securities crimes, such as financial fraud and insider trading. 

It also adds that around 42 people in the Evergrande Group case and 49 people in the Zhongzhi Group case were booked in the same year. Reports say that the China Securities Regulatory Commission is working with the procuratorate to clean up the private equity sector. 

Chinese Crypto Regulation Landscape: An Overview 

China’s approach to cryptos is characterised by prohibitions rather than regulation. There is not a single crypto regulator in the country; instead, several Chinese government entities enforce the country’s crypto restrictions. 

The People’s Bank of China is a primary force behind China’s cryptocurrency crackdown. Various other agencies, including those responsible for financial stability, cybersecurity, and law enforcement, also contribute to the enforcement of cryptocurrency restrictions. 

In conclusion, China’s strict legal action against financial crimes shows its commitment to controlling illegal crypto transactions and financial fraud. With thousands prosecuted, the government’s stance against crypto money laundering is clear.  

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Crypto Money Laundering in China: Thousands Arrested in Government Crackdown appeared first on Coinpedia Fintech News
At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. …

PEPE Coin Analysis Is Playing Out As Rollblock Continues To Gain Traction Rapidly

Rollblock

The post PEPE Coin Analysis Is Playing Out As Rollblock Continues To Gain Traction Rapidly appeared first on Coinpedia Fintech News

PEPE Coin and Rollblock (RBLK) are seeing their share of crypto headlines at the moment. PEPE has captured the viral meme coin market, while Rollblock is rapidly gaining pace as a serious GameFi contender.

With its presale moving up a gear and its ongoing blockchain-based transparency, Rollblock could be primed for a massive 50x rally this year. As crypto investors look for the next major opportunity this cycle, Rollblock’s verifiable blockchain transactions set it apart in the gaming space. Here’s why this project is becoming impossible to ignore.

Rollblock (RBLK): Transparent Transactions Giving Gamers Huge Peace of Mind

Rollblock (RBLK) continues to rock the $500 billion gaming industry with its blockchain-backed approach. Every transaction, from user deposits to jackpot payouts, is fully verifiable on the Ethereum chain, ensuring absolute transparency for players. This innovation is not surprisingly driving rapid adoption, with new signups, deposits, and wagered bids growing each month.

Rollblock’s presale has already pulled in $10.8 million, showing immense investor confidence. Rollblock offers a library of over 7,000 classic games, including poker and blackjack, plus a brand-new sports prediction league. 

Fiat deposits are now enabled through a partnership with Apple Pay, Google Pay, Visa, and Mastercard, making it easier than ever for users to get involved in the revolution. The team has also secured a prestigious gaming license from Gaming Anjouan and an audit from Solid Proof, adding another layer of trust.

Why Is RBLK Poised for Massive Success?

Rollblock’s deflationary revenue-sharing model makes it a unique long-term investment and marks it out as a leader in the space. The platform takes 30% of its revenue to buy RBLK tokens, with 60% of these buybacks permanently burned to reduce the supply and the remaining 40% allocated to staking rewards of up to 30% in hassle-free APY. 

This ensures continued demand while rewarding holders for their loyalty. Dive into more of Rollblock’s game-changing features with Crypto Octo’s video: https://youtu.be/ONh5c192f3o?si=fsTNSby5C_mcEELG 

Stage 10 tokens are selling fast at just $0.061, with over 40% already spoken for. Investors can also refer a friend in March to receive a 30% $RBLK bonus, plus a further 20% purchase bonus.

PEPE Coin (PEPE): Meme Hype Continues to Build

PEPE Coin has remained a dominant force in the ever-changing meme coin sector, seeing colossal interest from traders and retail investors. It is currently priced at $0.00000719, and has seen a 5% drop this week. However, this is nothing compared to the monthly candle, which has painted a worrying 29% decline.

Top trader Friedrich noted that PEPE ‘bulls need to step in fast to avoid further downside’ and that traders will need to be ‘watching price action closely’ in the coming weeks:

image

PEPE has seen a flurry of bullish exchange listings in recent months, launching on Binance.US and Coinbase, as well as the popular trading app Robinhood. This all bodes very well for PEPE’s adoption and future price action and could lead PEPE to become a top-ten meme coin once the dust settles on the current crypto correction.

While meme coins are famous for their wild volatility, PEPE’s strong branding and viral appeal have helped to mark it out and ensure it stays on traders’ radars this cycle.

Rollblock’s Traction Is Growing By The Day

PEPE will no doubt have another moment in the meme coin spotlight, but Rollblock’s blockchain transparency and deflationary tokenomics give it the edge right now. 

With verifiable blockchain transactions and major exchange listings coming, Rollblock has the highest upside potential in 2025. Investors looking for serious returns should keep a close eye on this upstart gaming powerhouse.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

The post PEPE Coin Analysis Is Playing Out As Rollblock Continues To Gain Traction Rapidly appeared first on Coinpedia Fintech News
PEPE Coin and Rollblock (RBLK) are seeing their share of crypto headlines at the moment. PEPE has captured the viral meme coin market, while Rollblock is rapidly gaining pace as a serious GameFi contender. With its presale moving up a gear and its ongoing blockchain-based transparency, Rollblock could be primed for a massive 50x rally …

Chainlink (LINK) Indicators Suggest Mixed Signals After a 11% Weekly Gain

Chainlink (LINK) has been showing mixed technical signals recently, with some indicators turning bearish while others suggest a potential upside ahead. With its price up 11% in the last seven days, Chainlink was on its path to surpass Pi Network in market cap, but this could be delayed for now.

With LINK almost not moving in the last 24 hours, its market cap is currently $10.3 billion, and Pi Network is around $12.7 billion. The upcoming days will be crucial as several technical indicators reach critical inflection points that could determine whether LINK continues its rally or faces a correction.

Chainlink DMI Shows Sellers Took Control

According to Chainlink’s DMI chart, its ADX (Average Directional Index) has decreased from 26 yesterday to 20.46 today. This decline indicates weakening trend strength regardless of direction.

ADX is a component of the Directional Movement Index (DMI) that quantifies trend strength on a scale of 0-100, without indicating direction. Generally, readings above 25 suggest a strong trend, 20-25 indicate a developing trend, and below 20 reflect a weak or absent trend.

Chainlink’s ADX moving from above 25 to just above 20 signals that the previous strong trend is losing momentum and shifting toward a more neutral or ranging market.

LINK DMI.
LINK DMI. Source: TradingView.

The Positive Directional Indicator (+DI) has fallen significantly from 33.3 to 20.1, while the Negative Directional Indicator (-DI) has increased from 14.2 to 21. This crossover, with -DI now exceeding +DI, suggests a potential shift from bullish to bearish momentum.

Combined with the weakening ADX, this technical picture points to a likely bearish reversal or continuation pattern forming for LINK’s price. Traders might anticipate further downside pressure in the near term, though they should monitor for stabilization or reversal signals as the trend weakens.

If ADX continues to decline below 20, LINK may enter a period of consolidation rather than strong directional movement.

LINK BBTrend Is Now Positive After Staying Negative For Several Days

LINK’s BBTrend has now turned positive, reaching 3.69 after remaining in negative territory since March 4. A significantly negative reading of -20 was recorded on February 28.

The BBTrend (Bollinger Bands Trend) indicator is a momentum oscillator that measures the relationship between price and Bollinger Bands to identify trend strength and direction. It calculates how price is moving relative to the Bollinger Bands, which themselves represent standard deviations from a moving average.

When BBTrend is positive, it suggests prices are moving above the middle band and potentially toward the upper band, indicating bullish momentum.

LINK BBTrend.
LINK BBTrend. Source: TradingView.

Conversely, negative readings suggest bearish pressure with prices moving below the middle band toward the lower band. The recent shift to a positive 3.69 BBTrend value for LINK could signal emerging bullish momentum after a period of downward pressure.

This reversal, coming after an extended negative period that bottomed at -20, might indicate a meaningful change in market sentiment.

However, traders should confirm this signal with other indicators, as the relatively modest positive reading of 3.69 suggests the bullish momentum is still developing rather than strongly established.

Will Chainlink Go Back To $20 In March?

LINK EMA (Exponential Moving Average) lines are currently trending downward, potentially forming a death cross in the near future.

If this bearish pattern materializes and Chainlink price breaks below the critical support level at $15.79, we could see further downside movement.

In this scenario, LINK might decline to test psychological and technical support levels at $14 and potentially even $13.45, representing significant drops from current prices.

LINK Price Analysis.
LINK Price Analysis. Source: TradingView.

Conversely, the recent positive shift in BBTrend suggests growing buying pressure may be building. If this bullish momentum continues to strengthen, LINK could challenge the immediate resistance at $17.64.

A decisive break above this level would open the path to test higher resistance zones at $19.79 and, subsequently, $22.31. In a strongly bullish scenario where upward momentum accelerates, Chainlink could potentially reach $26.4, which would mark its first time trading above $25 in over a month.

This technical setup presents a clear inflection point for LINK, with convincing breaks of either the support at $15.79 or resistance at $17.64, likely determining the next significant price movement.

The post Chainlink (LINK) Indicators Suggest Mixed Signals After a 11% Weekly Gain appeared first on BeInCrypto.

Trump’s Crypto Summit Offers Little, Sparking Community Frustration

Donald Trump’s long-awaited White House Crypto Summit disappointed the crypto space. Its promises were underwhelming, and the community was undervalued. Bitcoin’s price fell slightly instead of an anticipated jump.

Several Trump-aligned crypto executives praised the President’s attempts to curtail federal regulators and suggested the industry was “doomed” without his intervention. Still, this frustration hasn’t boiled over into an all-out schism yet.

Trump’s Crypto Summit Fails to Deliver

Donald Trump announced the first-ever White House Crypto Summit last week, and the community was expecting an opportunity for positive new regulations.

Specific policy ideas and a potential guest list were hotly debated, and the bubble of anticipation helped fuel a pump in token prices. Today, the long-awaited Summit finally happened.

“Welcome to the first ever White House Digital Assets Summit. I know that many of you have been fighting for years for this, and it’s an honor to be here with you. Last year, I promised to make America the Bitcoin capital of the world… and we’re taking historic action to deliver on that promise,” Trump claimed.

However, the most bullish expectations of Trump and the Crypto Summit quickly fell. He addressed his Crypto Reserve plans in brief detail, offhandedly suggested that he could help FIFA launch a token, and postponed his timetable for friendly regulations to become law.

Mostly, crypto executives praised him as a savior of the industry, sparking backlash:

“That Summit was the most embarrassing thing I’ve ever witnessed. This is really what we’ve come to? Is everyone just worshipping Trump? Meanwhile, he has no idea what he’s reading off of, he’s just riffing on what David Sacks wrote him. We used to be cypherpunks, we used to be anti-government, now we [just] want the price to go up,” popular NFT trader Clemente claimed.

Excessive Deference Causes Pushback

Specifically, the televised Crypto Summit only lasted a little over 20 minutes, most of which did not involve Trump himself speaking.

Several close allies, such as Coinbase CEO Brian Armstrong, excessively praised the President’s attempts to curtail the SEC and other regulators. They suggested that Trump saved the industry from excessive enforcement under Gary Gensler.

This deferential attitude towards Trump, the Summit’s short duration, and lack of substantial promises created an overall negative impression.

By suggesting that the industry was “doomed” without Trump’s help, these executives ignore the community’s strength, resilience, and innovative spirit. Is it any wonder Bitcoin’s price fell afterward?

bitcoin price chart
Bitcoin (BTC) Daily Price Chart. Source: BeInCrypto

Participants at Trump’s Crypto Summit lauded his attempts to totally defang financial regulators, which is already sparking unprecedented turmoil within the federal government.

Several Summit participants like Cameron Winklevoss openly wish to take this agenda even further.

“The Crypto Summit is a disgrace. It’s a national embarrassment. The crypto faction that has captured the White House is precisely what our Founding Fathers warned us about. It will be a blight on whatever legacy Trump leaves and marks a low point for the presidency and the USA,” wrote Peter Schiff, financial commentator and crypto critic.

Ultimately, it doesn’t look like this Crypto Summit will precipitate a real break between Trump and the community overnight. People are dissatisfied, true, but some may yet benefit.

For example, Armstrong already announced that Coinbase will hire 1,000 more employees. It may take real economic losses for this ambient frustration to boil over.

However, overall, the summit remained largely underwhelming. It did not offer any significant positive development signal for the industry outside of the US market.

The post Trump’s Crypto Summit Offers Little, Sparking Community Frustration appeared first on BeInCrypto.

This Week in Meme Coins: BRETT Gains 10% While TRUMP and GOAT Suffers

The crypto market had a volatile week that ended on a not-so-positive note, led by Bitcoin. Altcoins experienced a similar week, with many noting losses, especially the meme coins, some of which are inching closer to a new all-time low.

BeInCrypto has analyzed three such meme coins, which showcase the different intensities of the market’s drawdown: some noted weekly lows, and others saw massive losses.

Brett (BRETT)

BRETT price had gained 9% over the last week but lost all the gain on Friday after seeing major corrections. The meme coin is trading at $0.0379, below the local resistance of $0.0429.

The meme coin continues to struggle against broader bearish market conditions, making it difficult to break higher. However, with sustained interest, a rise above resistance remains possible. 

The primary target for BRETT is to breach $0.0478 and flip it into support after noting a 17% rise. This has been an ongoing challenge for the altcoin, with previous attempts failing over the past month.

Successfully flipping $0.0478 into support would open the path for further growth, potentially pushing BRETT above $0.0500. 

BRETT Price Analysis.
BRETT Price Analysis. Source: TradingView

However, if BRETT fails to break through $0.0429, it could retrace to $0.0372. Falling below this level would invalidate the current bullish outlook, potentially sending the altcoin down to $0.0348.

Goatseus Maximus (GOAT)

GOAT has faced a persistent downtrend since the start of the year, currently trading at $0.0634. This prolonged decline has erased nearly all of its previous gains. The market’s overall bearish conditions have kept the altcoin struggling, making it difficult for GOAT to secure upward momentum.

Currently, GOAT is trading just above its all-time low (ATL) of $0.0601, having experienced a significant 37% decline over the past week. If the market conditions remain unfavorable, the altcoin could see a drop below $0.0600, potentially marking a new ATL and deepening its losses.

GOAT Price Analysis.
GOAT Price Analysis. Source: TradingView

However, if GOAT receives support from bullish investors or market sentiment shifts positively, it could stage a recovery.

The meme coin’s target would be $0.1104, and if it successfully breaches this resistance, the bearish outlook could be invalidated, helping GOAT recover from its recent losses.

OFFICIAL TRUMP (TRUMP)

TRUMP initially jumped to $13.11 this week before seeing a drop to $12.28 on Friday. The meme coin has managed to hold above the key support level of $12.10, indicating a stabilizing trend amid the broader market’s volatility.

This support level continues to be critical for price movements.

While TRUMP reached an intra-week high of $17.14, the altcoin has struggled to maintain upward momentum. The ongoing downtrend and prevailing bearish market conditions pulled the price back down.

Moving forward, TRUMP is likely to consolidate between $17.14 and $12.41, with these levels marking significant resistance and support.

TRUMP Price Analysis.
TRUMP Price Analysis. Source: TradingView

The only way this neutral outlook is invalidated is if TRUMP falls below $12.41. A breakdown below this support could lead the altcoin to slide toward its all-time low (ATL) of $11.07, signaling a more bearish trend.

This would also extend the losses seen in the current downtrend.

The post This Week in Meme Coins: BRETT Gains 10% While TRUMP and GOAT Suffers appeared first on BeInCrypto.