Bitcoin (BTC) has been on a downtrend since February 21, dropping 23% in less than 18 days. Despite this bearishness, a veteran trader and analyst explains his ideal scenario for a Bitcoin price bottom and a bullish reversal that leads to a $100,000 revisit.
Ideal Scenario for a Bitcoin Price Bottom According to Analyst
Due to the 23% crash in Bitcoin price from a high of $99,431 to $76,560, the outlook for crypto markets has been bearish, at least until BTC forms a potential bottom. RektProof, a veteran trader who turned $500 to nearly $360K, posted his thoughts on a potential Bitcoin bottom.
According to this expert, Bitcoin price will likely form a bottom in the high time frame demand zone, extending from $73,000 to $65,000. This means that RektProof is expecting another leg down, i.e., after the sweep of the recently formed local high of around $83,000.
Analyst’s Ideal Scenario For Bitcoin Price Bottom Before $100,000 BTC/USDT 1-hour chart
Analysts’ Price Targets After BTC Bottoms?
To predict Bitcoin price targets after a potential bottom formation, the analyst considers the 21% price swing between February 28 and March 2, extending from $78,200 to $94,984. A sweep of $78,200 into a high time frame demand zone could lead to a rally that revisits roughly $95K.
However, this is the short-term Bitcoin price rally that the analyst is expecting. From a long-term perspective, RektProof expects a dip into the HTF demand zone to be a bottom that leads to a new all-time high of $130,000.
BTC/USDT 1-hour chart
So, the expert forecasts two Bitcoin price targets, one at $95,000 and the other at $130,000.
Bitcoin’s Options Data Hints Investors Are Hedging for Further Downside
According to a researcher and analyst, CNO, the bottom is still not in and indicates that the “(crypto) market is still hedged for downside.” CNO sends a warning signal for eager bulls, indicating that there might be another flush to the downside before Bitcoin price reenters the $85,000 to $95,000 range.
The basis for his prediction is options data that measures the call and put options pricing over time to gauge market sentiment and potential price direction.
BTC Options
In other tweets, CNO highlights that this flush will likely occur in the next few days due to the blood moon lunar eclipse that will catalyze heightened volatility for crypto markets, including BTC’s value.
So, the overall Bitcoin price forecast from two analysts suggests another temporary but downside move that could lead to a bottom formation before BTC price targets $100K or a new ATH at $130K.
Crypto Market Today (March 12): Bitcoin (BTC) price regained an upward trajectory after a bloodbath, briefly touching $83K as of early Asian hours on Wednesday. Major-league altcoins such as XRP, Solana (SOL), and Ethereum (ETH) have followed, surging 1%-7% intraday. Notably, Kaspa (KAS) has led the broader market gains, soaring 16%.
Crypto Market Today: BTC & Altcoins Bounce Back After Dip
The crypto market added 3.5% value intraday, as indicated by a global market cap of $2.67 trillion. Further liquidations from yesterday declined by over 58% and reached $389.61 million (Coinglass data), offering relief to prices.
Intriguingly, the digital asset sector appears to be digesting trade war tensions post-Trump’s new tariffs as well as rising fears of a U.S. recession.
BTC Price Touches $83K High Intraday
After crashing to a multi-month low of $76K, BTC price regained a rising trajectory today, exchanging hands at $82,120. The flagship crypto rose over 3% intraday, hitting a low and a peak of $79,059.43 and $83,737.45, respectively.
Bitcoin’s market dominance saw a 0.22% upswing to 61.27%, undermining altcoins’ gains. Market watchers anticipate whether it is finally the time for a rally in light of the recent U.S. strategic Bitcoin reserve announcement.
ETH Price Jumps 1%
ETH price managed to gain only 1% in the past 24 hours, closing in at $1,863. The crypto hit an intraday bottom and peak of $1,842.15 and $1,961.80 in the past 24 hours. Ethereum’s market dominance slipped to 8.5%, a considerable decline from previous levels of above 9%.
XRP Price Soars 7%
XRP price witnessed a remarkable 7% uptick in value intraday and exchanged hands at $2.15. The coin bottomed and peaked at $2.05 and $2.24, respectively. Ripple’s native coin surged in tandem with Franklin Templeton’s S-1 filing for an XRP ETF recently.
SOL Price Gains 2%
SOL price witnessed gains worth 2% in the past 24 hours and exchanged hands at $122. The crypto’s 24-hour low and high were $118.87 and $128.15, respectively. Solana’s price rose alongside the broader market trend this Wednesday.
Meme Crypto Market Today
Meme coins’ prices have also mirrored an uptrend in sync with other coins’ prices today. Dogecoin (DOGE) price witnessed a 4% uptick and traded at $0.1610. Shiba Inu (SHIB) price followed, gaining 3% to $0.00001190. Pepe Coin (PEPE) was up by a remarkable 7% and rested at $0.000006204.
Top Crypto Market Gainers Today
Meanwhile, some coins have led the broader market gains today, capturing noteworthy investor attention as they signal a potential recovery-trend brewing.
Kaspa (KAS)
Price: $0.06836
24-Hour Gains: +16%
Celestia (TIA)
Price: $3.21
24-Hour Gains: +14%
Bittensor (TAO)
Price: $256.5
24-Hour Gains: +12%
Top Crypto Market Losers Today
Ethena (ENA)
Price: $0.3722
24-Hour Loss: -7%
Maker (MKR)
Price: $1,078.61
24-Hour Loss: -4%
TRON (TRX)
Price: $0.2229
24-Hour Loss: -3%
Overall, the broader market’s rising action has sparked considerable hope among traders and investors about a potential price recovery cooking. Nevertheless, it’s worth considering the highly volatile nature of digital assets could soon bring riveting movements back into action.
Ethereum (ETH) has had a rough ride recently, plunging 28% last month and falling below $2,000 in the recent crypto market crash.. investors wondering whether ETH can stage a comeback as it currently trades at $1,874.97, some critical indicators suggest a rebound could be on the horizon. From whale accumulation to technical signals and rising market interest, Ethereum price may be gearing up for a major rally. At the same time, a new coin – Rexas Finance (RXS), a promising Ethereum-based token, is gaining traction. With a record-breaking presale and growing investor confidence, RXS is currently priced at $0.20, with its launch price set at $0.25 on June 19, 2025. Both ETH and RXS are positioning themselves as top contenders for the biggest crypto gains in 2025. Let’s dive into why.
3 Reasons Ethereum Price Could Rally Soon
The following are reasons why ETH price is poised to surge soon.
Whales Are Accumulating Ethereum
Recently, Ethereum whales have been aggressively buying the ETH price dips while adding a total of 1.1 million coins within just 48 hours. This signals a potential rebound, due to increased confident in the leading altcoin. History records that, whenever whales accumulate during price declines, it often results into price recovery in the days that follow.
As institutional investors look for cheaper entry opportunities, the current Ethereum price of $1,874.97 may be seen as undervalued, setting the stage for a significant rally.
Ethereum price chart
Ethereum Price RSI Suggests a Bullish Reversal
Ethereum’s RSI is currently about 22, much below the 30 mark. This implies that ETH is oversold, so selling pressure has been too high, and a reversal could be about to happen. For traders trying to profit from a possible bounce, an RSI falling to such low levels usually indicates a strong buying possibility.
Historically, Ethereum’s RSI falling below 30 has typically signaled a major price comeback. For instance, past cases of ETH exceeding sell conditions have resulted in a price recovery of 20% or more in the following weeks. Ethereum is presently in a similar state; hence, a relief rally might be imminent as buyers retreat to benefit from the lowered prices.
Rising Social Dominance and Trading Volume
Technical analysis isn’t the only factor backing Ethereum’s comeback potential. Its growing market presence adds weight to this possibility. Santiment, an on-chain analytics company, reports that ETH now makes up 9.2% of all crypto talks.
This boost in attention shows that traders, analysts, and investors are keeping a close eye on Ethereum. More discussion and interest often come before price changes, as this buzz tends to draw in new buyers.
Also, Ethereum stays one of the most traded assets on platforms like Coinbase, which points to steady demand even during the market slump.
Rexas Finance (RXS): The Rising Star Poised for Explosive Growth
As Ethereum price prepares for a possible recovery, another asset is causing a stir in the cryptocurrency market—Rexas Finance (RXS). As a token on the Ethereum network aimed at tokenization of real-world assets (RWA), RXS is rapidly gaining popularity in anticipation of its forthcoming exchange launch.
Now priced at $0.20 in its last presale phase, the RWA token has successfully raised an impressive $47.01 million, with 91.02% of this round already sold. RXS will debut at $0.25 on June 19, 2025, representing an important achievement for early investors who have experienced increases exceeding 500%.
Rexas Finance Tokenomics
Reasons Investors Are Attracted to RXS
Notable presale results: The high level of interest in RXS as a new cryptocurrency while in its presale phases, emphasizes investor trust in its future prospects.
Whale interest: A significant recent acquisition of $85,000 in RXS reinforces the token’s increasing attraction to wealthy investors.
$1 Million Giveaway: The project’s tactical marketing, featuring a $1 million giveaway with more than 1.6 million participants, has created significant excitement, drawing in both retail and institutional investors.
RWA tokenization: As the tokenization of real-world assets gains traction in the crypto world, RXS stands out as a key contender in this area, establishing itself as one of the most promising tokens for 2025
Final Thoughts: ETH and RXS-A Perfect Pair for 2025?
As Ethereum price gets ready for a possible price upturn, the mood in the wider crypto market will get better. This could help promising projects like Rexas Finance (RXS). Analysts anticipates that Ethereum’s comeback might spark a strong rally in other coins, and RXS, with its solid foundations, could be a big winner. Big investors are buying up ETH technical signs are good, and market interest is growing. All these point to a bright future for ETH. RXS is riding the wave of Ethereum’s network success. Both these assets could end up as some of the top performers in 2025. If you’re looking for chances to make big gains, watching Ethereum’s recovery and Rexas Finance’s upcoming launch could be a smart move that changes the game.
Metaplanet, also popular as Japan’s MicroStrategy, announced a fresh purchase of 162 bitcoins for an investment value of $13.5 while buying the recent BTC dips. The announcement sent the stock price 8% higher past 3,500 JPY levels on Wednesday’s trading session. Furthermore, the company issued 2 billion JPY worth of bonds at 0% rate to fund additional BTC purchases.
Bitcoin price selling pressure has shot up this week ahead of the US CPI data release and macro uncertainties amid the Trump tariff war. The Japanese firm seems to be making the most of this opportunity by buying the dips.
Metaplanet Stock Jumps 8% on Fresh Bitcoin Purchases
On Wednesday, Metaplanet announced its latest Bitcoin acquisition, purchasing 162 BTC for approximately $13.5 million, with an average purchase price of $83,123 per Bitcoin. Additionally, the company reported a year-to-date (YTD) BTC yield of 53.2% in 2025, delivering impressive returns despite a volatile crypto market.
As of March 12, 2025, Metaplanet holds a total of 3,050 BTC, acquired at a cumulative cost of roughly $253.7 million, with an average purchase price of $83,180 per Bitcoin. Nearly 50% of its total BTC holdings have been purchased in 2025 so far only.
Earlier today, the firm announced that its Board of Directors has approved the issuance of its 8th Series of Ordinary Bonds to EVO FUND. The JPY 2 billion (approximately $18.2 million) bond issuance is part of the company’s strategy to acquire Bitcoin. The announcement comes just two days after MicroStrategy announced its plans to raise $21 billion for Bitcoin purchases.
According to the notice, the funds raised will be specifically allocated for Bitcoin purchases, as per the plans detailed in its January 28, 2025 notice regarding Stock Acquisition Rights.
Following today’s development, the stock price gained 7.93% moving all the way to 3,605 levels. Amid the current market volatility, the stock has been range bound between 3,300 to 4,000 JPY levels.
BTC Whale Accumulation on the Rise
Despite the strong selling pressure in BTC over the past few weeks, long term holders and Bitcoin whales have been strategically accumulating at every fall. As per the data from CryptoQuant, Bitcoin whales have accumulated over 65,000 BTC in the last 30 days, even as the cryptocurrency faces ongoing market corrections.
Source: CryptoQuant
While the accumulation may not have an immediate impact on Bitcoin’s short-term price, it indicates significant absorption by influential holders. BTC’s price is currently holding above the crucial support of $80,000; however, there have been rising calls for a dip under $70,000 before the long-term uptrend is resumed.
Bitcoin is testing range lows, and Ethereum has tapped its lowest price since November 2023 today – so it’s a huge opportunity for traders to secure discounted prices before the next leg up.
But what are the best crypto to buy? This article reviews five promising projects that could have 100x potential this year.
Solaxy
Solaxy is building the first-ever Solana layer 2 blockchain. Using off-chain computation and transaction bundling technology, the project will eradicate Solana’s congestion issue.
It’s a huge leap forward for the Solana ecosystem, making it cheaper, faster, and more reliable. This will open Solana to new users and use cases, potentially creating billions of dollars in new value.
And right now, SOLX is undergoing a presale. It’s a way for investors to join from the start. The presale has raised $25.7 million so far. It’s currently priced at $0.001658, but this will rise throughout the campaign.
Solaxy is at a rare juncture right now. Not only is it opening Solana to new possibilities, but it’s also available to buy from the ground floor. For SOLX presale participants, this setup could give 100x gains.
MIND Of Pepe
MIND Of Pepe is a new Pepe-themed AI agent that aims to make its holders money. The agent has a wide range of abilities, including trend analysis, launching tokens, interacting with dApps, and even writing social media posts.
It covers all angles, from identifying trading opportunities to creating them and then shaping social discourse around them.
But its bread-and-butter is trend analysis. MIND Of Pepe will consolidate social media and on-chain data into actionable insights to predict future trends, helping MIND holders know what to buy and when.
Moreover, it can also fill gaps in the market by launching its own tokens. Again, MIND holders will have first access, providing them with the best entry prices.
The project is undergoing a presale and has raised $7.2 million so far.
As MIND Of Pepe seeks to make its community more profitable, the project is positioned to amass significant adoption, which could make the MIND presale a highly lucrative opportunity for traders.
Mantra
Bitcoin, Ethereum, and XRP are all down today, as are many smaller altcoins. However, Mantra continues to push ahead in what’s becoming a running theme throughout the past year.
While the total crypto market cap is down 3.8% in the past 24 hours, Mantra is up 2.5% in the same window. It’s clear that investors see real value in the Mantra use case.
The reason is that Mantra is a real-world assets-focused layer 1 blockchain, providing a regulatory-adherent environment for institutions to tokenize their assets.
It’s a use case that veers outside the walled garden of normal crypto use cases and penetrates the traditional financial system. And it isn’t just today that Mantra has outperformed the market. Its price has surged by 2,000% in the past year.
Mantra has a $6 billion market cap, so it’s unlikely to give 100x gains this year. However, given its immense strength and focus on institutional adoption, there’s every chance it will become a top-five cryptocurrency and potentially rival XRP and Ethereum in the coming years.
Hedera
Hedera offers an alternative to traditional blockchain platforms with its Hashgraph distributed ledger technology. Unlike conventional blockchain systems, Hedera’s architecture provides improved efficiency in several key metrics.
The platform processes transactions with fees of approximately $0.0001 USD and confirmation times under five seconds. Hedera’s network can handle more than 10,000 transactions per second, which compares favorably to the 5-20 TPS typical of many proof-of-work blockchains.
HBAR, the network’s utility token, experienced significant price movement in late November 2024, rising from $0.04 to $0.37 before settling at around $0.20. This price activity reflects growing market awareness of the platform’s capabilities, with the recent downturn being attributed to the general crypto market.
According to crypto analysts at More Crypto Online, HBAR is looking for downturn confirmation between $0.09 and $0.016. However, its mid-term outlook is extremely positive, with potential targets at $0.4 and $0.6.
With a governance structure managed by the Hedera Governing Council and features designed to support enterprise applications, Hedera aims to address practical business needs while maintaining security and decentralization principles. As organizations continue to explore blockchain alternatives, Hedera’s focus on performance and regulatory compatibility may position it for increased adoption.
BTC Bull Token
BTC Bull Token is a Bitcoin-themed meme coin that pays its holders Bitcoin rewards. The idea is to increase Bitcoin ownership among meme coin fans and offset some of the volatility of meme coin investing through airdrops.
Users will receive free BTC and BTCBULL airdrops at key milestones on Bitcoin’s journey to $1 million. At the same time, Bitcoin-related cryptos tend to track Bitcoin’s price, so we can also expect the BTCBULL price to grow as Bitcoin rises.
Users also earn even more via the project’s staking mechanism, which is live now and offering a 123% APY.
BTC Bull Token also has a burn mechanism, which destroys a portion of the total supply at key price milestones.
The project is available to buy via an ongoing presale, which has raised $3.4 million so far.
With Bitcoin rewards at its core and multiple other community reward initiatives, meme coin fans are scrambling to buy BTCBULL. This positions it for significant growth in the coming months.
The post Best Crypto to Buy: Top Cryptocurrencies to Turn $100 Into $10,000 appeared first on Coinpedia Fintech News
Bitcoin is testing range lows, and Ethereum has tapped its lowest price since November 2023 today – so it’s a huge opportunity for traders to secure discounted prices before the next leg up. But what are the best crypto to buy? This article reviews five promising projects that could have 100x potential this year. Solaxy …
Bitcoin’s recent price rally drives a broad recovery across the cryptocurrency ecosystem. BTC is up by 4.68% over the last 24 hours, trading at approximately $83,014 after rallying from a low of $76,624. Meanwhile, altcoins such as XRP, Dogecoin, and Cardano have cleared key resistance levels, with XRP up 7.42% to $2.193, Dogecoin rising 7.67% to $0.1669, and Cardano staging a rebound from around $0.76. The total crypto market cap has surged by 4.51% to $2.69 trillion, driven by renewed investor optimism fueled by supportive regulatory signals and increased network activity. Despite the strong recovery, some analysts expect further corrections before a new market top is reached.
March 12, 2025 05:57:55 UTC
U.S. Strategic Bitcoin Reserve Implementation Will Be “Compressed”- David Bailey
Bitcoin Magazine CEO David Bailey stated that the U.S. Strategic Bitcoin Reserve Executive Order will be “far more compressed than the market expects,” with a timeline measured in “days and weeks, rather than months or years.” This rapid implementation contrasts with prevailing market expectations, suggesting swift action in setting up the reserve. The move is seen as a key step toward enhancing the government’s strategic approach to Bitcoin, and it could have significant implications for market dynamics and investor sentiment in the cryptocurrency space.
March 12, 2025 05:57:55 UTC
Franklin Templeton Submits XRP ETF Application
Franklin Templeton, boasting over $1.5 trillion in assets under management, has officially filed an application for an XRP ETF. The fund’s XRP assets will be secured by Coinbase Custody Trust Company, ensuring robust asset protection and regulatory compliance. This move reflects growing institutional interest in digital assets and could pave the way for broader investor access to crypto-based investment products. Industry watchers see this as a significant step in bridging traditional finance and the evolving cryptocurrency market.
The post Crypto News Today, 12th March : XRP News , Pi Network Price, XLM Crypto appeared first on Coinpedia Fintech News
March 12, 2025 06:15:47 UTC Crypto Prices Today Bitcoin’s recent price rally drives a broad recovery across the cryptocurrency ecosystem. BTC is up by 4.68% over the last 24 hours, trading at approximately $83,014 after rallying from a low of $76,624. Meanwhile, altcoins such as XRP, Dogecoin, and Cardano have cleared key resistance levels, with …
The cryptocurrency market has witnessed a sharp downturn, with the two largest digital assets, Bitcoin (BTC) and Ethereum (ETH), facing significant declines. Over the past 24 hours, BTC has fallen by 2.6%, while ETH has dropped by 7.9%, reflecting the broader market correction.
This decline aligns with the overall downturn in the crypto market, which currently stands at $2.7 trillion. This marks a considerable 20.5% drop from its peak of $3.4 trillion at the end of Q4 2024.
Despite these setbacks, numerous market analysts remain optimistic, suggesting that the recent dip presents a strategic buying opportunity. In this article, we analyze the current state of Bitcoin and Ethereum, along with key predictions from analysts, while also exploring two promising presale projects that have been attracting significant investments even amid market uncertainty.
Bitcoin and Ethereum: A Market Dip That Signals Opportunity
The latest crypto market correction has been fueled by concerns over a potential U.S. recession, with President Trump’s unpredictable tariff trade war leading to a broader market sell-off.
In contrast to the bearish sentiment in Q1 2025, Q4 2024 was a period of explosive growth for the cryptocurrency market. Bitcoin surged past the $100K milestone for the first time, and Ethereum gained 60% over the quarter. However, since the start of 2025, Bitcoin has fallen by 14.29%, while Ethereum has dropped by a more significant 42.4%.
Despite this downturn, many crypto analysts argue that now could be the perfect time to enter the market, anticipating a strong recovery in Q2.
Bitcoin Price Prediction
Many experts continue to have a bullish outlook on Bitcoin’s future trajectory. One such expert is Jacob Crypto Bury, a well-followed crypto analyst with over 11,000 followers on X. He recently highlighted that despite the correction, a $2.7 trillion crypto market cap is still extremely bullish, especially considering that the market was valued at just $1.7 trillion at the start of 2024.
Bury also pointed out that Bitcoin’s ability to hold above $80K even after a sharp correction is a positive sign, reinforcing the importance of a long-term perspective.
Meanwhile, LordPlebDrake, another notable analyst, emphasized that the time to short sell BTC has passed, warning investors not to panic sell now that Bitcoin has already corrected. Overall, many experts remain bullish on BTC, especially in the long term.
Ethereum Price Prediction
Ethereum has also captured bullish interest from technical analysts. One notable prediction comes from CryptoELITES, an analyst with over 250,000 X followers. In a recent tweet, CryptoELITES highlighted a strong resemblance between Ethereum’s current price action and its 2017 price cycle, which ultimately led to a massive 50x rally.
The analysis suggests that Ethereum is currently forming a five-wave correction, similar to what was seen in 2017 before a breakout. If this pattern holds, Ethereum could be on the verge of a major price surge in 2025.
However, while historical trends can provide valuable insights, they should not be taken as a certainty. That said, Ethereum remains one of the best-performing crypto assets in history, up by more than 439,000% since its launch.
Top New Altcoins to Buy Before Q2
While established cryptos remain attractive long-term investments, many investors are also looking at emerging projects that are currently in their presale phase. Below, we review two standout presales – BTC Bull Token (BTCBULL) and Solaxy (SOLX).
BTC Bull Token
BTC Bull Token (BTCBULL) has gained significant attention for its unique approach of rewarding token holders as Bitcoin’s price rises. This sets it apart from traditional meme coins that rely purely on hype. The presale has been incredibly strong, with BTCBULL raising $3.4 million in a couple of months.
BTC Bull Token has also implemented an innovative milestone-based reward system. When Bitcoin reaches certain price levels, BTC Bull Token will either burn tokens or distribute BTC rewards to holders. These milestones include:
BTC at $125K, $175K, $225K – Token burns to reduce supply
BTC at $150K, $200K – Bitcoin airdrops to BTCBULL holders
BTC at $250K – A massive 10% airdrop of the total BTCBULL supply
Additionally, the project offers 123% APY staking rewards, making it an attractive option for long-term holders. Given its solid presale performance, strong link to BTC’s success, and structured rewards system, BTC Bull Token could be a major contender in the next crypto bull run.
Despite broader market corrections, Solaxy (SOLX) has emerged as one of the top-performing presales, raising an impressive $25.8 million in just a few weeks. As an upcoming Layer 2 scaling solution for Solana, Solaxy aims to address Solana’s network congestion and failed transaction issues, positioning itself as a crucial addition to the ecosystem.
Solaxy plans to introduce off-chain processing and transaction bundling to enhance Solana’s scalability. By handling transactions off-chain before finalizing them on Solana’s mainnet, Solaxy is expected to provide faster processing speeds and significantly reduce network congestion.
This will be particularly valuable during peak demand periods when Solana has historically faced slow transaction times and frequent failures. The network is being designed to remain operational at all times, eliminating downtime and ensuring seamless transaction execution.
Additionally, its staking program, which is already live, offers a competitive 158% APY, attracting investors seeking passive income opportunities. With its strong presale momentum and a clear focus on solving Solana’s scalability challenges, SOLX has the potential to be a valuable long-term investment as blockchain adoption continues to expand.
The post Bitcoin and Ethereum Prices Crash But Experts Say to Buy the Dip For Big Gains in Q2 appeared first on Coinpedia Fintech News
The cryptocurrency market has witnessed a sharp downturn, with the two largest digital assets, Bitcoin (BTC) and Ethereum (ETH), facing significant declines. Over the past 24 hours, BTC has fallen by 2.6%, while ETH has dropped by 7.9%, reflecting the broader market correction. This decline aligns with the overall downturn in the crypto market, which …
After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in the past two days to trade about $1.48 on Wednesday, March 12, during the early European session.
As a result, Pi coin was the top trending crypto asset on Coingecko in the past 24 hours, signaling its rising popularity among speculative traders.
Pi Coin Price Prediction Today
In the 1-hour time frame, Pi price has been consolidating in a symmetrical triangular pattern for the past four days. Following the reliefs rebound in the past two days, Pi price is now retesting the upper border of the symmetrical triangular pattern.
As Coinpedia previously noted, Pi price has already confirmed a reversal pattern, which was characterized by head and shoulders formation coupled with a bearish divergence of the daily Relative Strength Index (RSI). Consequently, the odds of a reversal toward a lower low remain high in the coming days.
Moreover, zooming into the 5-minute time frame shows a clearer picture of the bearish sentiment. Notably, Pi price has been forming a potential double-top coupes with a bearish RSI in the five-minute candlestick. Consequently, a consistent drop below $1.46 will eventually lead to a further decline towards the lower border of the symmetrical triangular pattern.
However, a consistent close above the upper border of the symmetrical triangular pattern will lead to bullish sentiment in the coming days.
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 Pi Coin Price Prediction for March 12 appeared first on Coinpedia Fintech News
After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in …
The SEC is currently reviewing spot crypto ETFs, following its approval of Bitcoin and Ethereum ETFs. Now, big names like Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale, and WisdomTree are all competing to launch an XRP ETF.
It has started reviewing with Grayscale’s application on February 14, which began a 240-day review period. Other filings from WisdomTree, Canary Capital, and CoinShares are also under review and are now open for public comments.
However, the SEC has delayed its decision on Grayscale’s XRP ETF application, along with several other crypto spot ETFs, including those for Solana, Litecoin, and Dogecoin. Investors will have to wait until May 2025 for updates on whether these ETFs will be approved, rejected, or further delayed.
Multiple XRP ETFs Coming In May?
The new deadline for XRP ETFs is May 22, 2025, affecting filings from Canary, Bitwise, and Grayscale.
May 22 likely multiple XRP ETF approvals.
Again, while I don’t think this has a specific impact on price, it will validate XRP as legit and open the floodgates to investors looking to hold a liquid, digital asset..
Market watchers speculate that on May 22, multiple XRP ETFs are likely to be approved, which will make XRP more legitimate and easier for investors to buy. This will attract new investors who are not familiar with crypto wallets or regulations, allowing them to buy XRP through regular stock accounts.
While it may take over a year for this to impact XRP’s price, the news will likely cause a short-term price boost.
The Odds Of Approval
Notably, Bloomberg analysts predict a 65% chance that the SEC will approve XRP ETFs in 2025. While Polymarket currently places the odds at 72%, indicating strong confidence in a favorable outcome.
Analyst James Seyffart shared an update on recent crypto spot ETF filings, saying the SEC delayed decisions on altcoin ETFs like Litecoin, Solana, XRP, and DOGE, which is typical, especially since Atkins hasn’t been confirmed yet. He added that this delay doesn’t affect their relatively high chances of approval, and the final deadlines for these ETFs aren’t until October.
Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet. This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines…
ETF Decision Delayed as Atkins Awaits Confirmation
Seyffart pointed out that Paul Atkins is awaiting confirmation as SEC Chair, which could be important for the ongoing SEC appeal in the Ripple case. The SEC filed its appeal on January 15, challenging a ruling on XRP sales, with Ripple’s reply due by April 16. If Atkins is confirmed before this deadline, he, along with other SEC officials, could push to withdraw the appeal.
Pro-crypto lawyer Fred Rispoli believes the Ripple case will be resolved before April 16, 2025, and speculates that a deal may have been reached behind the scenes. James Murphy also hinted that ongoing talks could delay withdrawing the appeal, which might open the door for XRP spot ETFs to be approved.
The post XRP Set for Multiple ETF Approvals by May 2025 appeared first on Coinpedia Fintech News
The SEC is currently reviewing spot crypto ETFs, following its approval of Bitcoin and Ethereum ETFs. Now, big names like Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale, and WisdomTree are all competing to launch an XRP ETF. It has started reviewing with Grayscale’s application on February 14, which began a 240-day review period. Other filings …
After a rough start to the week with massive liquidations, the crypto market has finally experienced some relief, with a rebound driven by favorable broader macroeconomic changes.
Liquidations over the past day totaled $384.4 million, a significant drop from previous days. Meanwhile, the global market cap rose 1.1% over the last day.
According to Coinglass data, $384.4 million was liquidated in the past 24 hours. Of this, $138.2 million came from long positions, while $246.2 million were short positions.
Specifically, Bitcoin saw $186.7 million in liquidations, with $146.0 million attributed to short positions. Ethereum experienced $73.6 million in liquidations, with $40.3 million from long positions and $33.1 million from short positions.
Meanwhile, Bitcoin regained ground over $80,000, trading at $82,299. This marked a 3.6% increase over the past day.
Notably, the recovery could be attributed to recent diplomatic developments. According to Bloomberg, Ukraine agreed to a temporary 30-day ceasefire in response to a US proposal. This has reduced geopolitical tensions that had previously weighed on the market.
Furthermore, Ontario suspended 25% tariffs on electricity exports to Michigan, New York, and Minnesota. This was also a major step towards easing trade tensions.
US political figures, including House Speaker Mike Johnson, have also provided much-needed reassurance to the markets. Johnson suggested that President Trump’s economic policies, which initially contributed to market instability, would eventually stabilize the economy.
“Give the president a chance to have these policies play out,” he said.
In addition, White House Press Secretary Karoline Leavitt noted that the market dip represented a temporary state rather than a definitive or permanent trend.
“We are in a period of economic transition,” Leavitt stated.
She emphasized the idea that market numbers, such as stock prices, trading volumes, and liquidations, reflect a specific point in time and can evolve. These combined factors—political reassurances, easing trade tensions, and a reduction in geopolitical risks—have contributed to the crypto market’s recent recovery.
(SOLAXY PRESALE REVIEW)
