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Robinhood To Pay $29.75M to Settle FINRA Probe Over Compliance Issues

robinhood

The post Robinhood To Pay $29.75M to Settle FINRA Probe Over Compliance Issues appeared first on Coinpedia Fintech News

Robinhood has agreed to pay $29.75 million to settle investigations by FINRA regarding its supervision and compliance practices. The settlement includes a $26 million fine and $3.75 million in restitution to customers. 

Robinhood Failed to Manage Trading System During Activity Surge

FINRA found that Robinhood didn’t properly manage or oversee its system for processing trades, even though there were clear signs of delays in processing due to a huge increase in trading activity. 

This happened between March 2020 and January 2021, which was the same time Robinhood restricted trading in popular meme stocks like GameStop and AMC Entertainment Holdings. In other words, Robinhood didn’t do enough to address the issues that were causing delays in its system, even though they could have seen it coming.

Robinhood failed to “respond to red flags of potential misconduct,” FINRA noted, leading to Anti-Money Laundering and supervisory and disclosure violations.

Robinhood Missed Suspicious Activities and Failed to Verify Accounts

FINRA found that Robinhood failed to detect, investigate suspicious activities, like manipulative trades, unusual money transfers, or cases where hackers took over customer accounts. Besides, Robinhood also opened thousands of accounts without properly checking customers’ identities. Because of these issues, Robinhood failed to set up strong Anti-Money Laundering programs, according to FINRA.

Robinhood also failed to properly monitor and keep records of social media posts, including those from paid influencers. Some of these posts were misleading or made unfair promises to investors.

The $3.75 million in restitution was because Robinhood gave customers incorrect or incomplete information when it changed market orders to limit orders, which impacted their trades.

Robinhood Agrees To FINRA’s Findings

Robinhood Financial and Robinhood Securities agreed to FINRA’s findings without admitting or denying the charges. This comes two months after the company settled for $45 million with the US securities regulator in January, following an investigation into violations of over 10 securities laws. Robinhood Financial and Robinhood Securities admitted to failing to maintain and preserve customer communications from 2020 to 2021.

Recently, in Q4 2024, Robinhood hit a record $916 million in net income and over $1 billion in revenue. Crypto revenue reached $358 million, a 200% increase, while crypto trading volumes jumped 450% to $71 billion.

The post Robinhood To Pay $29.75M to Settle FINRA Probe Over Compliance Issues appeared first on Coinpedia Fintech News
Robinhood has agreed to pay $29.75 million to settle investigations by FINRA regarding its supervision and compliance practices. The settlement includes a $26 million fine and $3.75 million in restitution to customers.  Robinhood Failed to Manage Trading System During Activity Surge FINRA found that Robinhood didn’t properly manage or oversee its system for processing trades, …

Pioneers Criticize Pi Network Over Failure to Transfer Coins to Mainnet

Pi Network users, known as Pioneers, are expressing growing frustration over their inability to transfer their mined Pi Coins (PI) to the blockchain’s mainnet. 

The concerns mount as the network’s Grace Period deadline approaches, leaving users with just four days to complete the necessary migration process.

Pi Network Sets March 14 Deadline for KYC and Mainnet Migration

The Pi Network has set a critical deadline for users to complete their Know Your Customer (KYC) verification and Mainnet migration. According to the announcement, Pioneers must finalize these processes by 8:00 AM UTC on March 14, 2025. 

Failing to do so will result in the loss of most of their Pi holdings. However, coins mined within the past six months are exempt from this. The Grace Period, introduced to give users ample time to complete verification, has already been extended multiple times.

As per the Pi team, these extensions were designed to accommodate as many legitimate users as possible, ensuring their balances could be verified and migrated. 

“The end of the Grace Period is inevitable to make sure the network can move on in its new phase without large sums of unverified and unclaimed mobile balances,” the blog read.

Despite this urgency, numerous Pioneers have reported issues preventing them from transferring their PI to the Mainnet. Among them is Jaro Giesbrecht. In a post on X (formerly Twitter), Giesbrecht claimed he had completed the Mainnet checklist but remained stalled. 

“The Pi network has done nothing to help solve this problem. It is a very common problem. Pi has done nothing to help fix this and other problems,” he wrote.

Giesbrecht intensified his criticism, arguing that the deadline should be extended until all Pioneer issues are resolved. He suggested that failing to do so would render the entire process ineffective and raise concerns about the project’s legitimacy.

The issue appears widespread, with other Pioneers echoing similar complaints on X.

“The whole process is a joke. ~80% of my balance shows as unverified, although all of my security circle has completed KYC. No additional actions are listed to be taken in order to clear this up. Furthermore, nobody got back to me on a support ticket I opened weeks ago. What gives?” remarked a user.

Furthermore, users also noted that Step 9 on the Mainnet checklist—”Migrate to Mainnet”—remains unresolved, leaving their Pi balances in limbo.

“What’s the problem with the mainnet migration? Are we to forfeit our mined PI due to an error from your end?” a user posted.

Pi network mainnet
Pi Network Mainnet Migration Issues. Source: X/Abissan

Pi Coin Sees Double-Digit Losses Amid Binance Listing Uncertainty

While the looming deadline worries many, others eagerly await March 14, widely recognized as Pi Day. The occasion has sparked optimism for a potential price surge despite Pi Coin’s recent struggles in the market.

“As long as we don’t break $1.2 support, I’m bullish. PI day is approaching, and hopefully, we will see a pump,” an analyst wrote.

Over the past week, PI has lost 16.3% of its value. Moreover, in the last 24 hours, it suffered a double-digit drop, trading at $1.40 at press time. This represented a decline of 12.2% over the past day alone.

Pi network mainnet
Pi Coin Price Performance. Source: BeInCrypto

The Pi Network community’s concerns go beyond price movements, as many Pioneers continue to push for Binance to list Pi Coin.

While Binance has not officially announced anything regarding PI, it recently introduced “Vote to List” and “Vote to Delist” features. The system has fueled hopes that the move would make it easier for PI to get listed. 

However, these tools do not grant users full authority, as Binance retains the final decision-making power. Therefore, the uncertainty surrounding the decision has led to frustration.

Notably, the community vote concluded on February 27 with an overwhelming 86% majority in favor of listing Pi Coin. Yet, with no official response from Binance, Pioneers have erupted in outrage

In protest, they flooded the exchange with one-star reviews on Google Play Store. A similar decline in ratings was observed on Bybit. The exchange’s CEO had previously called Pi Network a scam.

The post Pioneers Criticize Pi Network Over Failure to Transfer Coins to Mainnet appeared first on BeInCrypto.

Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects

Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects

Binance founder Changpeng Zhao (CZ) poked holes at degens over the rush for quick and easy gains in the cryptoverse. CZ says pitching tents with credible projects is a better investment strategy in the long term for investors in the space.#

A Fortune Is Spent Investing In Shady Projects, Says Binance Founder

CZ has taken swipes at “degen” activity in cryptocurrency circles following a string of high-profile rug pools. According to the Binance founder, investors are sinking in massive fortunes to clutch at quick rewards in the ecosystem.

The Binance founder disclosed on X (formerly Twitter) that investors rarely recoup their funds in the pursuit of quick gains. Degens typically invest in low-cap tokens and memecoins, aping into leveraged positions without proper research.

CZ advises investors to turn their gaze to “ethical teams” building projects for long-term growth, rather than short-term hype. Investors chasing trends and hype have lost a fortune in rug pulls, liquidity drains, and exit scams. The US SEC has disclosed that memecoins are not securities, urging investors to be wary of speculative investment in the asset class.

“In crypto, too much money is spent chasing small, quick gains,” said CZ. “Focus on ethical teams that build for the long term. Big money is built slowly with stamina.”

While the Binance founder did not expressly mention credible crypto projects, his comments allude to teams with established members and communities building projects with real utility.

CZ Offers Suggestions on Tokenomics For Crypto Projects

The Binance founder has offered suggestions for crypto project tokenomics designed to reduce rug pulls. According to CZ’s plan, only 10% of tokens will be unlocked while the remaining tokens will require the fulfillment of strict conditions before an unlock.

Under the proposal, issuers will unlock new tokens after every six months with only 5% of tokens allowed to be unlocked. CZ’s tokenomics plan will rely on smart contracts to control the vesting schedule and third parties to hold the keys.

CZ has since rolled out support for victims of BROCCOLI and TST memecoin crashes, raising over $1 million in cryptocurrencies. The Binance founder says that AI projects can leverage L1 and L2 blockchains to achieve efficiency and decentralization objectives.

The post Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects appeared first on CoinGape.

Ethereum Price Analysis: BlackRock ETF’s $11M Sell-off and US Inflation Triggers to Drive Next ETH Big Move

Can Ethereum Price Sink To $1,000 After Drop Below $2000

Ethereum price dived below $2,000 on March 9, mirroring the broader market downtrend. Institutional investors are offloading ETH, increasing downside risks.

Ethereum Price Dives Below $2,000 as US NFP Tilts Markets Bearish

Ethereum (ETH) experienced significant losses over the weekend as the highly anticipated White House Summit failed to lift market sentiment. Instead, the latest US Non-Farm Payroll (NFP) report dominated investor outlook, highlighting rising unemployment and increasing inflation pressures.

As a result, ETH price tumbled below the psychological $2,000 level, trading as low as $1,998 on Binance on March 9, marking an 8% daily decline. The drop exceeded Bitcoin’s 4% losses within the same timeframe, signaling stronger bearish momentum within ETH spot markets.

Ethereum Price Action
Ethereum Price Action

The selling pressure has been exacerbated by mounting fears of further Federal Reserve tightening in response to rising inflation metrics. With investors now eyeing the next Consumer Price Index (CPI) report, ETH price could struggle to gain meaningful traction unless macroeconomic conditions shift favorably.

BlackRock ETF Led Outflows with $11 Million Sell-off After US NFP Data

Amid rising unemployment and inflation triggers, institutional investors are reallocating capital away from crypto markets toward fixed-income securities, driving bond yields higher across global markets. This shift in investor sentiment has translated into substantial outflows from Ethereum ETFs.

BlackRock Spot Ethereum  (ETH) ETF Flows, March 2025 | Source: SosoValue
BlackRock Spot Ethereum  (ETH) ETF Flows, March 2025 | Source: SosoValue

According to on-chain analytics provider SosoValue, Ethereum ETFs recorded $23 million in outflows on Friday, the same day the US NFP report was released. Among the largest liquidations, BlackRock’s iShares Ethereum ETF saw an $11 million capital flight, the highest single-day outflow among Ethereum-focused funds.

The rapid outflows in Ethereum ETFs suggest that institutional investors are repositioning their portfolios in anticipation of further downside in crypto markets. If Ethereum ETF outflows continue into the coming week, ETH price could struggle to mount a sustained recovery.

Ethereum Price Forecast: Death Cross Pattern Signals Deeper Decline Toward $1,850

Ethereum price forecast signals have taken a decisive bearish turn, with ETH plunging 8.3% on March 9 to test support near $2,000. The daily chart reveals a concerning technical setup, as ETH struggles below key moving averages, with a confirmed Death Cross between short-term EMAs signaling prolonged downside risks.

If Ethereum closes below the critical $2,000 level, selling pressure could accelerate, targeting the next major support at $1,850, where historical demand has previously stabilized declines.

Ethereum Price Forecast | ETHUSD
Ethereum Price Forecast | ETHUSD

The Bollinger Bands show ETH trading at the lower band, suggesting it is in oversold territory. However, the absence of a significant bullish reaction underscores weak buying momentum. The MACD histogram remains in deep negative territory, with its signal line widening against the MACD line—affirming that bearish momentum is strengthening rather than reversing. While a relief bounce cannot be ruled out, any recovery toward $2,250 or $2,433 would likely face intense resistance as sidelined sellers look to re-enter.

The heightened leverage in derivatives markets could amplify price swings. If ETH loses $2,000 decisively, long liquidations may accelerate a cascade effect, making $1,850 the next crucial test for bulls. Conversely, a close above $2,200 could shift sentiment toward a bullish retracement.

Ethereum Price Outlook: Key Levels to Watch This Week

For Ethereum to break its bearish grip, ETF inflows must show signs of stabilization, particularly from major asset managers like BlackRock. If institutional demand returns, ETH could attempt to reclaim the $2,100 level and challenge the $2,250 resistance zone.

On the flip side, if macroeconomic headwinds persist and ETF outflows accelerate, Ethereum risks dropping below $1,950, potentially testing lower support at $1,850. With US CPI data and Federal Reserve commentary on the horizon, traders should remain cautious, as Ethereum’s price action could see heightened volatility in response to broader market shifts.

Overall, Ethereum remains vulnerable to further downside unless it reclaims key resistance levels and sees a resurgence in institutional demand.

The post Ethereum Price Analysis: BlackRock ETF’s $11M Sell-off and US Inflation Triggers to Drive Next ETH Big Move appeared first on CoinGape.

Expert Reveals Why Bitcoin And Solana Have An Edge Over Ethereum

Expert Reveals Why Bitcoin And Solana Have An Edge Over Ethereum

Ethereum’s rough patch is expected to continue into the future, exacerbated by Bitcoin and Solana functionalities. Ordinals co-founder Casey Rodarmor noted that Bitcoin’s prestige and Solana’s speed could be the final nail in Ethereum’s coffin.

Bitcoin and Solana Threaten Ethereum’s Rise

While Ethereum’s recent decline has left investors in shock, the Ordinals co-founder Casey Rodarmor has proffered a theory for the asset. In a post on X (formerly Twitter), Rodarmor disclosed that the duo of Bitcoin and Solana negatively affects Ethereum.

Rodarmor says Bitcoin’s age and first-mover advantage gives it a keen advantage over Ethereum’s claim as “better money.” Conversely, Rodarmor says Solana is living up to its reputation as an ETH killer, improving on a range of metrics.

“Ethereum is getting squeezed by Bitcoin and Solana,” said Rodarmor. “Ethereum has nowhere to go.”

Rodarmor hinged Solana’s speed and scalability to its “centralization,” sparking a reaction from Solana cofounder Anatoly Yakovenko. Yakovenko downplayed Solana’s decentralization claims while pointing accusing fingers of centralization at Rodarmor.

Bitcoin has enjoyed a streak of positives including the executive signing of the Strategic Bitcoin Reserve while Solana is gearing up for a potential ETF approval.

ETH Continues To Falter In Troubling Fashion

Ethereum’s on-chain indicators are painting a sorry picture for the largest altcoin. After falling below $2,000, analysts say the possibility of ETH falling to $1,000 is highly likely.

After losing over 6% over the day, the asset is trading at $2,045, triggering a resistance by investors to buy ETH. However, whales continue to scoop ETH at a discount while institutional interests inch forward.

Sonic Labs co-founder Andre Cronje attempted to rationalize Ethereum’s underperformance, citing a boatload of Layer 2 projects dumping the assets. For Cronje, a below-par user experience contributes to waning interest in Ethereum with rising competition from newer blockchains. Cronje shut down speculation that he could buy ETH, noting that the project’s roadmap and lack of clear representation are major stumbling blocks.

“Hell, I don’t invest, but if I did, I would choose Solana, Tron, and XRP over ETH,” remarked Cronje.

The post Expert Reveals Why Bitcoin And Solana Have An Edge Over Ethereum appeared first on CoinGape.

Crypto Market Today (Mar 10): BTC & Ether Prices Sink, Here’s Why

Crypto Market Today (Mar 10): BTC & Ether Prices Sink, Here's Why

Crypto Market Today (March 10): Bitcoin & Ether price actions on Monday set off a tidal wave of market concerns despite recent pro-cryptocurrency advancements in the U.S. Notably, BTC price backtracked to touch a $80K low intraday, whereas ETH price lost nearly 6%. Traders and investors are left jittering as even major-league altcoins Solana and XRP lost alarming values despite a ‘crypto stockpile’ and a strategic Bitcoin reserve announcement by Donald Trump last week.

Crypto Market Today: Here’s Why Bitcoin & Major Altcoins Are Falling

The global crypto market lost 4.83% over the past day, as indicated by a diminished market cap of $2.69 trillion. Further, liquidations in the past 24 hours totaled over $600 million, per Coinglass data, underscoring heat on prices. Analyst Ali Martinez revealed that over $1 billion in Bitcoin long positions have been liquidated recently, aligning with the market volatility.

BTC Liquidations
Source: Ali Charts, X

On the other hand, the release of the non-farm payrolls (NFP) report on Friday hinted that a hawkish stance by the Feds could be on the horizon again. Coupled with the macro heat due to Trump’s tariff saga this month, these factors present risk assets with severe market pressure.

BTC Price Brushes $80K Low

BTC price dropped nearly 5% as of press time and exchanged hands at $82,033. The flagship coin hit an intraday bottom of $80,052.49 after falling from $86,146.15. The latest Coinglass data indicated that $237.60 million was liquidated in the Bitcoin market intraday. Nevertheless, the coin’s market dominance remained up by 0.03%, pointing towards a more volatile alts sector.

ETH Price Reverses 6%

ETH price lost nearly 6% in the past 24 hours and exchanged hands at $2,062. The coin bottomed and peaked at $1,991.19 and $2,194.89 intraday. Ethereum slips alongside $107.56 million liquidated in the past 24 hours. ETH’s market dominance rested at 9.2% today.

XRP Price Falls 6%

XRP price fell nearly 6% in the past 24 hours and exchanged hands at $2.18. The coin hit a low and a peak of $2.09 and $2.34 in the past 24 hours. Ripple’s coin recorded only $30.34 million worth of liquidations, despite which the price slumps.

SOL Price Loses 8%

SOL price lost nearly 8% value as of press time and closed in at $127.5. Its intraday bottom and peak were $124.38 and $139.73, respectively. Solana recorded $26.6 million worth of liquidations in the past 24 hours, with its price dipping in tandem with the broader trend.

Meme Crypto Market Also Wanes

Dogecoin (DOGE) price fell 10% in the past 24 hours and traded at $0.1718. Shiba Inu (SHIB) price cracked 4% and exchanged hands at $0.00001208. Pepe Coin (PEPE) and TRUMP crashed over 9% and are sitting at $0.000005960 and $10.97, respectively. Leading meme coins also sink in sync with the broader market trend.

Top Gainers In Crypto Market Today

Some tokens have defied the broader market trend to trade in the green zone today. These are:

Story (IP)

Price: $5.23

24-Hour Gains: +9%

UNUS SED LEO (LEO)

Price: $9.83

24-Hour Gains: +0.5%

Top Losers In Crypto Market Today

JasmyCoin (JASMY)

Price: $0.01363

24-Hour Loss: -15%

Injective (INJ)

Price: $9.66

24-Hour Loss: -13%

Render (RENDER)

Price: $3.05

24-Hour Loss: -12%

Overall, the current market action has pushed investors to stay cautious despite pro-crypto advancements in the U.S. However, some market experts sighed in relief as the U.S. government announced it wouldn’t sell the nearly 200,000 Bitcoins acquired by Silk Road and would include it in its reserve, negating mass sell-off concerns. On the other hand, whales continue to buy the dip, sparking contrary market speculations as a sustained volatile trend prevails despite broader crypto advancements.

The post Crypto Market Today (Mar 10): BTC & Ether Prices Sink, Here’s Why appeared first on CoinGape.

Will Bitcoin Price Drop to $75,000 Ahead of US CPI Data This Week?

Will Bitcoin Price Drop to $75,000 Ahead of US CPI Data This Week?

Bitcoin price has crashed by another 4.5% taking a dip to $80,350 levels as market sentiment turns bearish just ahead of the US CPI data release this week. The overall crypto market crash over the last 24 hours has eroded more than $170 billion of investors’ wealth with market analysts predicting more pain ahead.

Will Bitcoin Price Crash to $75,000?

Bitcoin price has once again come under heavy selling pressure, facing strong rejection at $92,500 and extending weekly losses to more than 11.15%. Popular crypto analyst Ali Martinez noted that over $1 billion in Bitcoin (BTC) long positions were liquidated today. The massive liquidation highlights the intense market volatility currently impacting the cryptocurrency sector.

Source: Ali Martinez

Bitcoin Forms a Bearish Pennant Says Peter Brandt

Veteran trader Peter Brandt has shared a technical analysis suggesting the recent Bitcoin price action confirms a bearish outlook. In the latest chart structure, Brandt has identified three critical technical developments hinting at further downside pressure.

  1. Market completes double top.
  2. Top retested by pennant.
  3. Pennant completed, confirms bearish chart Bitcoin (BTC).
Source: Peter Brandt

The analysis highlights a double top formation with peaks reaching approximately $108,100, followed by a bearish pennant pattern. According to Brandt, Bitcoin made a “deep retest” of its previous high near $95,321 before breaking down through the pennant formation.

The chart also indicates that Bitcoin price found temporary support at $81,513 following the breakdown, but the completion of the bearish pattern suggests further downside potential. Former BitMEX CEO Arthur Hayes also believes that there could be more pain left ahead for BTC. He wrote:

“An ugly start to the week. Looks like $BTC will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent”.

Will BTC Enter Bear Market After US CPI?

Several market analysts believe that Bitcoin is finally entering a bear market as market sentiment deteriorates despite the launch of the Bitcoin Strategic Reserve. Furthermore, the initiative has revealed an apparent lack of intent to purchase anything beyond seized BTC.

On the other hand, institutional demand for Bitcoin has dried up significantly, as evident by the massive outflows from Bitcoin ETFs. Between March 3 and March 7 (ET), Bitcoin spot exchange-traded funds (ETFs) experienced significant outflows, signaling waning investor sentiment in the market. Data shows a net outflow of $799 million during the period, with Fidelity’s Bitcoin ETF (FBTC) accounting for $201 million of the total.

All eyes will be on the US CPI data for February coming this week, ahead of March 12. February’s U.S. consumer price data is expected to reflect gradual progress in controlling inflation, a key concern for Federal Reserve policymakers. The central bank may opt to maintain a cautious stance, monitoring the broader economic landscape amid evolving fiscal policies.

According to projections, the Consumer Price Index (CPI) excluding food and energy likely increased by 0.3%, as per a Bloomberg survey of economists.

The post Will Bitcoin Price Drop to $75,000 Ahead of US CPI Data This Week? appeared first on CoinGape.

Why Is Bitcoin Crashing Today?

Cryptocurrency Market Today_ How Low Will Bitcoin Price Crash

The post Why Is Bitcoin Crashing Today? appeared first on Coinpedia Fintech News

Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve.

Bitcoin Drops Over 6%

Bitcoin is currently trading at $80,909, down over 6% in the past day. Bitcoin has dropped 3.37% over the past week, with trading volumes down 53%. Despite the declining figures, Bitcoin whales are actively buying, accumulating more than 22,000 BTC in just three days.

Despite a week full of positive news, including the signing of an executive order for a Strategic Bitcoin Reserve, a Crypto Summit at the White House, and encouraging statements from the OCC, Bitcoin’s price is unexpectedly falling and could drop below $80K.

The Out-of-sync Price Action!

On March 7, President Trump signed an executive order to use seized Bitcoin rather than purchasing it from the market. This move caused Bitcoin’s price to drop over 6%, from $90,400 to $84,979. “The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” QCP Capital shared in a recent note.

However, it also noted that while this wasn’t the bullish catalyst as many expected, it’s still positive for crypto. The risk of random Silkroad BTC sales disrupting the market is gone, and the U.S. government has reaffirmed its commitment to a long-term crypto strategy, it noted.

An analyst expressed surprise, saying that in his 8 years with Bitcoin, he never saw the price action so out of sync with the news. This week was one of the most bullish in Bitcoin’s history, yet the market is facing decline. 

What is Causing The Drop?

Several factors are behind Bitcoin’s recent price drop. Macroeconomic issues, like new tariffs from the US, have sparked sell-offs in Bitcoin and other cryptocurrencies. Besides, the release of the non-farm payrolls (NFP) report on Friday suggests that the Federal Reserve might tighten monetary policy, which could hurt Bitcoin’s price.

Experts noted that while the executive order for a Strategic Bitcoin Reserve and the Crypto Summit were positive, the lack of concrete policies might have cooled investor enthusiasm. Besides, Bitcoin’s decline is also dragging altcoins down, with ETH, XRP, and BNB losing over 6%, 6% and 4% respectively in the last 24 hours. 

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Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve. Bitcoin Drops Over 6% Bitcoin is currently trading at $80,909, down over 6% in …

Why is Crypto Market Down Today ? When Will it Recover?

Why Crypto Market is Down Today Bitcoin below $95,000

The post Why is Crypto Market Down Today ? When Will it Recover? appeared first on Coinpedia Fintech News

Another Sunday selloff has hit the crypto market, with Bitcoin (BTC) nearing a retest of its 2025 low around $78,000. Bitcoin is down over 11% in the past week, erasing most of its previous gains. It is currently trading at $82,176, down over 4% in the past 24 hours. 

The overall cryptocurrency market experienced a 7% decline, dropping to a valuation of $2.77 trillion. Solana and XRP both saw losses of 7%, while Ethereum fell by 8%, nearing the $2,000 mark. Cardano (ADA) and Dogecoin (DOGE) also were hit harder, falling nearly 7% and 9% respectively. 

In the past 24 hours, the market downturn caused $616 million in liquidations, with long positions taking the biggest hit at $540 million. Bitcoin alone saw $231 million in losses.

Trump Says There Might Be Some Disruption

In a recent Fox News interview, President Donald Trump was asked about the possibility of a recession in 2025. He responded cautiously, stating, “I hate to predict things like that,” he said, “There is a period of transition, because what we’re doing is very big — we’re bringing wealth back to America, It takes a little time.”

However, Trump’s Commerce Secretary, Howard Lutnick, firmly dismissed worries about an economic downturn, saying, “Absolutely not,” when asked if Americans should be worried over it.

Trump addressed the potential effects of his policies, including tariffs and budget cuts. When asked about the impact, he acknowledged that there could be some short-term disruptions but emphasized the long-term vision behind his approach.

“There might be some disruption. China has a 100-year plan, while we focus on quarterly results. What we’re doing is laying the groundwork for the future,” he said.

Trump’s Approach Compared To Former Fed Chair’s

Trump’s comments were dubbed “Volckering” on social media, likening his approach to that of former Fed Chairman Paul Volcker in the 1980s. Volcker raised interest rates to extreme levels to combat persistent inflation, fully aware that it would trigger harsh recession.  His tough measures eventually broke inflation and set the stage for long-term economic growth. The comparison suggests that Trump’s policies, while disruptive now, could have long-term benefits.

The recent decline in Bitcoin comes as trade tensions between the U.S. and China are set to worsen on Monday, with Beijing imposing tariffs on U.S. agricultural goods in response to President Trump’s latest import hike. This trade war has created significant market uncertainty.

Bitcoin To Revisit Lower Levels!

BitMEX co-founder Arthur Hayes warned that Bitcoin could drop further, possibly revisiting the $78,000 level. He noted that many Bitcoin options are priced between $70,000 and $75,000, which could create more volatility if the price moves into that range.

On Friday, Federal Reserve Chairman Jerome Powell stated that the central bank will remain cautious on interest rates while evaluating the impact of Trump’s policies. His comments followed a weak U.S. nonfarm payrolls report, and expectations for at least three rate cuts from the Fed this year.

Traders are now keeping an eye on key economic reports this week, like the U.S. Consumer Price Index on March 12 and the Producer Price Index on March 13. These could impact Bitcoin’s next move.

A Rebound Could Follow Soon?

Bitcoin’s recent price movements have sparked varied reactions among investors. Some view the current dip as a buying opportunity, anticipating that the market will rebound. Conversely, others fear that the downward trend may persist, influenced by broader economic factors.

The crypto market’s recovery depends on factors like the economy, government rules, and price movements. If inflation gets better and the Federal Reserve makes changes, it could boost confidence. Clearer rules for crypto and Bitcoin rising above $95,000 could also help the market recover. However, it’s hard to predict when that will happen, as the timeline remain uncertain.

The post Why is Crypto Market Down Today ? When Will it Recover? appeared first on Coinpedia Fintech News
Another Sunday selloff has hit the crypto market, with Bitcoin (BTC) nearing a retest of its 2025 low around $78,000. Bitcoin is down over 11% in the past week, erasing most of its previous gains. It is currently trading at $82,176, down over 4% in the past 24 hours.  The overall cryptocurrency market experienced a …

ChatGPT Leaked: 5 Cheap Crypto Gems Before 2025 Explosion

bitcoin

The post ChatGPT Leaked: 5 Cheap Crypto Gems Before 2025 Explosion appeared first on Coinpedia Fintech News

The AI overlords have spoken, and the message is clear. With the bull run heating up, the smartest investors aren’t chasing overpriced tokens; they’re scooping up the newer, fresher cryptos on the market.

A leaked ChatGPT report has revealed five of the cheapest cryptocurrencies to buy before 2025’s next big surge. Get in early, or watch from the sidelines as these hidden gems take off.

Best cheap crypto to buy now:

  1. Bitcoin Pepe: Solana-level meme coin trading on the OG chain
  2. iDEGEN: The rogue AI going full degen
  3. Turbo: The $69 meme that won’t quit
  4. Comedian: The AI-powered joke machine
  5. VITE: The lightning-fast layer-1
  1. Bitcoin Pepe: Solana-level meme coin trading on the OG chain

Bitcoin Pepe is gearing up to revolutionize the meme coin space in a way never seen before. As the first-ever Layer-2 dedicated to memes on Bitcoin, it blends Solana’s lightning-fast speed with Bitcoin’s legendary security and usability.

For years, Bitcoin has been dismissed as the ‘Boomer Chain,’ and understandably so when you consider its lack of scalability and interoperability to grow an ecosystem in the same way as Ethereum and Solana. 

However, that’s about to flip as Bitcoin Pepe is turning to BTC’s blockchain to introduce a high-speed, low-cost meme coin. With instant swaps, minimal fees, and the game-changing PEP-20 token standard, launching memes on Bitcoin will soon be as seamless as on Solana.

The Bitcoin Pepe presale is still in its early stages and has already brought in $4m. That’s impressive, considering it’s still only at stage 6 of 30. 

While many investors who got in early are looking at a 4x gain from the presale alone, there’s still time for interested parties to get involved, with today’s investors looking at 222.40% gains before presale completion. Rumors suggest price action could skyrocket further once exchanges start to list the crypto.

Currently priced at just $0.0268, BTC Pepe is certainly looking like one of the cheapest cryptocurrencies to buy with great potential. 

To learn more about Bitcoin Pepe, check out the official website.

  1. iDEGEN: The rogue AI going full degen

If you thought human degenerates were bad enough, meet the AI version, iDEGEN. Fed by a community of degen crypto lovers, this AI has been wreaking havoc across X, TikTok, and, more recently, China’s RedNote. 

Born with zero filters and raised by the most chaotic minds on Crypto Twitter, iDEGEN evolves in real-time. It reads and replies to posts with unhinged responses and images and is essentially what you’d get if an AI chatbot and a degen trader had a baby.

The IDGN presale raised over $25M. Now on top DEX and CEX exchanges, iDEGEN is tipped to become one of the best cheap cryptos of 2025. 

Learn more over at iDEGEN

  1. Turbo: The $69 meme that won’t quit

Created by digital artist Rhett Mankind with just $69 and ChatGPT’s guidance, Turbo has defied all expectations. What started as something of a joke in April 2023 has become one of the best cheap cryptos to buy now, backed by a cult following that refuses to let it die.

Turbo runs on Ethereum with a fixed supply of 69 billion tokens (because, of course). It’s already listed on over 110 exchanges, including Coinbase, and reached a high of $0.0134 in late 2024. Turbo is highly affordable and might also be primed for another leg up as AI and meme coins continue dominating 2025’s narrative.

  1. Comedian: The AI-powered joke machine

Comedian (LOL) is an AI-driven crypto that does one thing exceptionally well, and that’s to make people laugh. Built on Solana, this cheap cryptocurrency generates original jokes, memes, and roast-worthy insults in real time, rewarding users who engage with its AI-powered comedy.

Since launching in late 2024, LOL has climbed from $0.0023 to an ATH of $0.049 before cooling off. With AI content generation exploding, Comedian has positioned itself as the go-to crypto for meme culture, stand-up comedy, and digital entertainment. If you’re looking for the best cheap crypto to buy now with a side of humor, LOL might be the move.

  1. VITE: The lightning-fast layer-1

VITE is the dark horse on this list, quietly building one of the fastest blockchains with the cheapest fees available. Unlike many hyped-up layer-1s, VITE actually delivers by offering zero-fee transactions and near-instant finality using its unique DAG (Directed Acyclic Graph) architecture.

VITE has been around since 2018, but with new partnerships in DeFi and gaming, it’s gaining serious traction. Many insiders and analysts believe this could be one of the next altcoins to explode as mass adoption sets in. Plus, as it’s one of the cheapest cryptos to buy, there’s not much to lose.

The post ChatGPT Leaked: 5 Cheap Crypto Gems Before 2025 Explosion appeared first on Coinpedia Fintech News
The AI overlords have spoken, and the message is clear. With the bull run heating up, the smartest investors aren’t chasing overpriced tokens; they’re scooping up the newer, fresher cryptos on the market. A leaked ChatGPT report has revealed five of the cheapest cryptocurrencies to buy before 2025’s next big surge. Get in early, or …