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Binance Coin price has moved to its highest level in one month after recording a slight 1.78% increase in 24 hours to trade at $672 today, July 10. The recent burn comes after the BSC Chain burned 1.5 million BNB tokens from the supply, as an ascending triangle pattern suggests that a 17% move to
The post BNB Price Targets $800 as Binance Burns $1B Tokens From Supply appeared first on CoinGape.
Crypto Market Today (March 7): Despite U.S. President Donald Trump’s recent announcement about a ‘Bitcoin reserve’ and a ‘crypto stockpile,’ BTC price backtracked to a $84K low intraday. Simultaneously, Ethereum (ETH), Solana (SOL), and XRP prices followed by dropping 1-6% in the interim. Meme coins also traded mainly in the red zone on Friday, with the broader sector’s action collectively sparking severe investor concerns despite the latest pro-crypto advancements.
The global crypto market lost nearly 4% value today as the market cap shrank to $2.88 trillion despite pro-cryptocurrency advancements in the U.S.
President Donald Trump recently signed an executive order to establish a Bitcoin strategic reserve. Furthermore, the order also focused on creating a ‘crypto stockpile’ in the U.S. that consists of coins like XRP, SOL, & ADA. However, despite these much-awaited pro-crypto developments, prices today encounter considerable volatility.
After showcasing a recovery-like trend, BTC price again leaves hope sinking as it fell over 4% to $87,071 at the time of reporting. Besides, CoinMarketCap’s data showed that the coin bottomed at $84,717.68 over the past day. This waning action raised severe concerns, contrary to the strategic U.S. reserve announcement that was expected to bolster the price.
Besides, with $259.24 million in liquidations in the past 24 hours, per Coinglass data, Bitcoin continues to face turbulence. Even BTC futures OI slipped 4.6% today and closed in at $48.48 billion, signaling declining market interest despite favorable developments. CoinGape reported that Bitcoin recorded selling pressure amid market-wide speculations that the U.S. government won’t add more BTC to the reserve.
ETH price cracked by 6% intraday and exchanged hands at $2,146. The coin bottomed and peaked at $2,103.47 and $2,319.40 in the past 24 hours. The second-largest coin by market cap wanes alongside $72.04 million worth of liquidations recorded over the past day. Ethereum’s futures OI also declined by 4.24% to $19.24 billion, rationalizing a downtrend. The coin’s market dominance rested at 9.1% today.
XRP price witnessed a drop of slightly over 1% and is currently sitting at $2.47. The coin hit an intraday low and high of $2.39 and $2.64, respectively. Ripple’s cryptocurrency follows the broader market trend, facing turbulence amid $24.34 million in liquidations recorded over the day. Conversely, the coin’s future prospects remain optimistic amid rising XRP whale accumulations.
SOL price witnessed a 5% downfall in the past 24 hours and closed in at $141. The coin swooped to a $135.72 low and a high of $152.78 intraday. Even Solana registered $21.67 million worth of liquidations, aligning with the tumbling action.
Simultaneously, Dogecoin (DOGE) price pulled back nearly 5% and exchanged hands at $0.1967. Shiba Inu (SHIB) price lost over 2% and stood at $0.00001318. Even Pepe Coin (PEPE) price lost 6% and exchanged hands at $0.000006717. Altogether, the meme coin market mirrors broader trends.
Some tokens appear to have defied the fading market trend today, entering the green zone.
Price: $0.4945
24-Hour Gains: +5%
MOVE price soars alongside Donald Trump’s World Liberty Financial’s rising accumulations for the token, per recent Spotonchain X post.
Price: $2.68
24-Hour Gains: +1%
Sui gains alongside its new collaboration with Trump’s World Liberty Finance. WLFI will include SUI in their strategic token reserve, as revealed by the crypto’s community posted on X.
Price: $2.66
24-Hour Gains: +0.5%
Other tokens that bore the brunt of a broader market dip are:
Price: $1.02
24-Hour Loss: -14%
Price: $0.5206
24-Hour Loss: -13%
Price: $0.8549
24-Hour Loss: -10%
In conclusion, the market sentiment remains uncertain despite the optimistic announcement of a Bitcoin strategic reserve establishment. Traders and investors eagerly await the looming White House crypto summit for further clarity on the market’s future.
The post Crypto Market Today (Mar 7): BTC & Altcoins Fade Despite Trump’s Pro-Crypto Usher appeared first on CoinGape.
Shiba Inu (SHIB) is showing renewed strength, rising more than 16% over the last week of April. Despite a difficult year for meme coins, SHIB has held up better than major peers like BONK, PEPE, and DOGE.
Its strong 0.82 correlation with Bitcoin suggests it could benefit further if BTC continues its uptrend. If momentum builds, SHIB could be poised for a major rally, potentially retesting price levels not seen since late 2021.
This year has been difficult for meme coins overall, with 9 out of the top 10 trading in the red.
Shiba Inu is down 33.11%, but it has performed slightly better than other major meme coins like BONK, PEPE, and DOGE, which have suffered even deeper corrections.
While SHIB’s losses are still significant, its relative resilience could position it more favorably if sentiment across the sector begins to shift.
If the broader crypto market recovers in the second quarter, SHIB could benefit alongside the entire meme coin sector. Meme coins are known for their exaggerated moves — large-cap meme coins tend to post even bigger percentage gains when the crypto market rallies.
However, they also tend to suffer sharper corrections when the market weakens. If momentum returns, SHIB could be one of the first meme coins to react strongly to renewed investor appetite for risk.
Shiba Inu strongly correlates with Bitcoin (BTC), currently at 0.82.
With Bitcoin gaining momentum for the second quarter, this high correlation could also position SHIB for a strong rally.
Over the last seven days, BTC has increased by more than 10%, while SHIB has climbed by over 16%. This suggests that SHIB is already reacting more aggressively to Bitcoin’s positive price action.
If Bitcoin continues to rise and breaks above the $100,000 mark—a level many analysts see as possible for Q2—it could trigger new all-time highs for the broader crypto market.
In that scenario, SHIB could be one of the biggest beneficiaries among major meme coins.
Given its high beta and strong correlation with BTC, a major Bitcoin breakout would likely amplify SHIB’s gains, making it an important token to watch in the coming weeks.
In the last major rally, Shiba Inu posted impressive gains, rising 157% between September 18 and December 11, 2024.
That surge reflected a combination of stronger Bitcoin momentum, renewed meme coin hype, and broader retail participation. SHIB price has shown that once momentum builds, its rallies can accelerate quickly, often outpacing the general market.
If SHIB enters a new uptrend cycle, fueled by interest in meme coins and Bitcoin’s push higher, it would need to rise about 182% to retest the $0.000040 level.
This would mark the first time SHIB reaches that price since December 2021. Given its history of sharp rallies once momentum kicks in, SHIB could be well-positioned if the market environment stays bullish.
The post Here Is Why Shiba Inu (SHIB) Could Reach a 4-Year High in Q2 2025 appeared first on BeInCrypto.
COTI, renowned for its lightweight confidentiality layer on Ethereum, has just announced a strategic partnership with PriveX, a decentralized exchange…