Hyperliquid’s native crypto token HYPE has recently experienced a significant 40% price decline. However, the altcoin is showing signs of recovery.
Traders have become increasingly bullish on HYPE, with many believing it can regain the losses sustained in the recent downturn. This renewed confidence, supported by positive market movements, has sparked hopes of a price rebound.
Hyperliquid Finds Strong Support
Over the past 24 hours, the Open Interest for Hyperliquid has risen by $44 million, bringing the total to $428 million. This increase follows a recent uptick in price, which added momentum to the ongoing recovery.
The growth in Open Interest suggests that traders are becoming more confident in HYPE’s potential for a price rise. This influx of interest has fueled optimism among investors and traders alike, with many viewing this as a sign of further upside.
As a result, there is a renewed sense of enthusiasm among HYPE enthusiasts, who believe the altcoin is well-positioned to reclaim lost value. This positive sentiment could contribute to continued price growth, particularly as market conditions remain favorable for a recovery.
The overall macro momentum of Hyperliquid has shown significant improvement in recent days. Key technical indicators, such as the Moving Average Convergence Divergence (MACD), reflect a shift from a bearish to a bullish trend this week.
This change marks the end of a month-long bearish crossover and signals the potential for further upward momentum.
As the bullish momentum rises, it provides HYPE with the room needed to continue its recovery. The shift in the MACD reflects a positive shift in market sentiment, suggesting that the altcoin may be in a stronger position moving forward.
HYPE’s price is currently trading at $16.10, up by 14% over the last 24 hours. The altcoin is just under the $16.50 resistance level, having already recovered about half of its recent 40% decline. This price movement shows that Hyperliquid has significant upside potential.
Given the current momentum, there is a possibility that HYPE will breach the $16.50 barrier and continue its upward trajectory. If this occurs, the altcoin could move toward $19.16, potentially reaching $20.00 in the near future.
However, if the $16.50 resistance level proves too strong, HYPE may struggle to maintain its upward momentum. In this case, the price could fall back to $13.44, invalidating the bullish outlook and erasing recent gains.
GCash, the Philippines’ leading digital money app, announced support for Circle’s USD Coin (USDC). Users in the country can now hold and transact with the stablecoin.
This marks a major step in integrating stablecoins with everyday transactions in the country.
Circle’s USDC Ventures Into the Philippines Market
Local media revealed the integration, noting that GCash users in the Philippines can buy, hold, and send USDC through GCrypto, the app’s cryptocurrency platform. GCash’s Group Head of Wealth Management, Arjun Varma, says this integration presents a game-changer for financial inclusion in the Philippines.
“By offering easy access to digital dollars, we empower our users with a stable and globally recognized financial asset,” local media reported, citing Varma.
Unlike volatile cryptos like Bitcoin (BTC) and Ethereum (ETH), USDC is a stablecoin pegged to the US dollar. This makes it a more reliable digital asset for payments and savings.
The move is expected to help millions of Filipinos bypass traditional banking infrastructure, which is reportedly slow, expensive, and inaccessible to many.
“Philippines payments are absolutely horrible. Some of the worst rails and ramps in the world,” one user remarked.
With USDC reserves held at regulated financial institutions, they undergo regular third-party attestations to ensure transparency. Circle CEO Jeremy Allaire highlighted the scale of this expansion, citing an opportunity for growth in the firm’s stablecoin network.
“The largest and most widely used digital money app in the Philippines, GCash, just announced support for USDC in their mobile wallet. Another ~100m users being brought into Circle’s stablecoin network,” he expressed.
This poses competition for stablecoin issuers like Tether and Circle as established banks look to enter the space with their stablecoin offerings. As financial giants move in, fintech companies like GCash offer themselves as potential avenues for expansion to stablecoin issuers.
“GCash’s USDC move puts a global digital dollar in 100 million Filipino hands. Stablecoins might just leapfrog banks in places like this,” another user added.
“Crypto payments failed for one small reason that needs fixing: When sending USDC, let the recipient see the transaction but not your address. Nobody wants to reveal their wallet for a 10 USDC beer payment,” DeFi researcher Ignas said recently.
While GCash’s USDC integration offers convenience, calls for stablecoin transparency, like revealing wallet addresses for USDC transactions, may deter adoption even for Philippine users.
Still, GCash’s move reflects a broader trend of digital wallets embracing blockchain-based finance.
The Pi Network community is taking a significant step toward financial independence, developing its decentralized exchange (DEX), PiDaoSwap.
According to social media reports, the initiative will aim to curb alleged price manipulation by external exchanges.
PiDaoSwap to Launch on the Pi Network Ecosystem
Reportedly, PiDaoSwap is in the final stages of launching a multi-functional DEX on the Pi Network mainnet. The platform will ensure that the PI coin price reflects the actual market value of the token rather than being distorted by third-party platforms.
The announcement cited price manipulation by outside entities, a malpractice that impedes Pi Network’s growth and development.
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.
Pi Network VietNames is a community-driven profile that shares updates, opinions, and news about Pi Network.
Although in the final stages of development, PiDaoSwap specified that it was awaiting Know Your Business (KYB) approval from the Pi core team before launching.
For now, the prospective platform has secured Twitter’s organizational verification, signaling progress in its development.
Meanwhile, Pi Network’s imminent PiDaoSwap launch comes amid escalating frustrations within the PI community. Certain platforms reportedly use bots to alter Pi’s valuation artificially, affecting community sentiment.
Similarly, there are also allegations of fake price listings by external exchanges.
A recent BeInCrypto report echoes this sentiment amid allegations of bot activity on CoinMarketCap. This fueled skepticism about centralized price tracking mechanisms on the platform.
According to Pi Network VietNames, these manipulations have severely impacted the project’s credibility and adoption.
Meanwhile, other concerns emerge regarding restrictions on using “Pi-related” branding. These are related to the intellectual property (IP) and trademark policies outlined by the Pi Network.
“As a community-driven ecosystem project under PIDao, with DAO as our core focus, would this still be prohibited? Or do we need to modify our project name and domain accordingly,” PiDaoSwap wrote.
Pi Network’s official documentation prohibits using “Pi-related” branding without approval. Therefore, this suggests modifications could be necessary before the prospected PiDaoSwap debuts.
Meanwhile, PI fell below $1 on Saturday, down by over 30% in the past week.
PancakeSwap (CAKE) has experienced a notable recovery recently, surging by 55% over the past week. This sharp rise has reversed the significant losses seen in late February, with the altcoin now trading at $2.68.
As the price has soared, traders and investors have become increasingly bullish, prompting a surge in trading activity and increased optimism for future price movements.
PancakeSwap Notes Surge In Whale Activity
In the past four days, whale addresses have accumulated 25 million CAKE tokens worth approximately $69 million. This massive accumulation follows a 50% surge in price over the past week, further fueling the positive market sentiment.
The increase in whale activity indicates strong confidence in PancakeSwap’s future prospects, suggesting that large investors expect further gains for the crypto coin.
The bullish sentiment is not just confined to the spot market. Whales’ actions have had a ripple effect, contributing to a broader market uptrend.
As the price continues to rise, the influence of these larger traders could drive additional interest from smaller investors, helping to maintain the upward momentum.
The overall macro momentum of PancakeSwap has shown a clear shift in favor of bullish market sentiment. One key indicator of this is the significant growth in Open Interest, which surged by 326% over the past week.
From $23 million to $98 million, this increase highlights that traders are increasingly betting on future price rises, particularly through long contracts in the Futures market.
The rise in Open Interest shows that the market is confident in the spot price and is also positioning for continued growth in the coming weeks.
This increased activity in Futures contracts suggests that traders are preparing for further upward price action, supporting the case for additional gains in CAKE’s price.
CAKE has seen a remarkable 81% price increase over the last ten days, bringing its price to $2.67. In doing so, the altcoin has successfully erased the 47% losses it experienced in late February. The rapid price recovery suggests that there is significant momentum behind the asset.
Currently, PancakeSwap faces a resistance level of $2.85, which has not been established as support since early 2025. If the momentum persists, CAKE could break through this barrier and potentially surpass $3.00.
A successful breach of this level would suggest that the altcoin is poised for further growth.
However, if CAKE fails to break through the $2.85 resistance, it could retreat to $2.30. Such a drop would erase recent gains and invalidate the bullish outlook, possibly signaling a temporary halt in the recovery trend.
Solana (SOL) has struggled to maintain upward momentum in recent weeks. Although the cryptocurrency showed signs of an uptrend, it is now facing challenges due to declining demand for SOL.
The market environment is also deteriorating, which is contributing to the struggles. At $129, Solana is stalled below the key $135 barrier. There is no clear indication of a breakout in sight.
Solana Struggles To Find Demand
The Velocity of Solana has fallen to a 5-month low, signaling weakening demand. Velocity measures the rate at which an asset is circulated within the market. Solana’s current circulation levels are on par with those seen in October 2024, a clear indicator that the cryptocurrency is losing traction.
The drop in Velocity suggests that fewer investors are actively trading SOL, further adding to the bearish sentiment surrounding the token. This lack of demand makes a recovery increasingly difficult, as it implies that traders are hesitant to enter the market.
The ongoing low demand for SOL further confirms a bearish outlook. Many investors are likely waiting for a more favorable environment before committing to new positions, which could delay any potential recovery as the token struggles to attract fresh capital.
Analyzing the 2-week Market Value to Realized Value (MVRV) Ratio, a key metric that tracks the average profit or loss of recent buyers, reveals that the ratio is currently below the zero line. This suggests that investors who purchased SOL within the last two weeks are now facing losses.
This situation could lead to one of two scenarios: either investors hold their positions, hoping for a price recovery, or they sell to cut their losses.
If the latter occurs, increased selling pressure could push the price lower and potentially invalidate any attempts at recovery. In this scenario, the market would likely remain bearish until sentiment shifts.
Solana is currently trading at $130, struggling to break through the critical $135 resistance. While there has been a short-term uptrend, the likelihood of SOL breaching this level seems low. This suggests that the price could remain range-bound for the near future.
The combination of low demand and weak market sentiment points toward a potential decline. Solana may fall through its uptrend support line, with the next significant support levels lying at $125 and potentially $118.
This scenario would delay any recovery, pushing the token further into a bearish trend.
On the other hand, if Solana manages to break through the $135 resistance, the altcoin’s price push toward $148. A sustained move above this level could propel SOL to $150, invalidating the bearish outlook.
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Cardano has traded within a tight range over the past week as the broader crypto market attempts a recovery. It has faced resistance at $0.75 and found support at $0.69.
Despite the price consolidation, on-chain data reveals a strengthening bullish bias that could pave the way for an upward breakout.
Cardano Stuck in a Range—HODLing Points to a Potential Breakout
Amid ADA’s sideways price movements over the past week, investors have increased their holding times. According to IntoTheBlock, holding time has increased by 77% during the review period.
An asset’s coin holding time is a metric that tracks the average duration of time its tokens are held in wallet addresses before being sold or transferred.
As this time spikes, it signals Cardano holders are opting to hold onto their assets rather than sell. This suggests growing confidence in the asset’s long-term potential. If the trend persists, it could reduce selling pressure and cause ADA to attempt a break above the resistance at $0.75.
Additionally, ADA’s Network Realized Profit/Loss (NPL) remains negative, meaning most Cardano holders would incur losses if they sold now. At press time, this indicator stands at -2.33 million.
This metric measures the total profit or loss realized by investors when they move their coins on-chain, indicating overall market sentiment. When NPL is negative, more investors are at a loss, reducing the incentive to sell.
This would help reduce selling pressure in the ADA market and increase the likelihood of a potential rebound as more investors hold onto their assets instead of realizing losses.
ADA’s Next Move: Break Above $0.75 or Drop to $0.65?
At press time, ADA trades at $0.71. The horizontal trend of its Relative Strength Index (RSI) on the daily chart confirms the coin’s sideways movements.
The RSI indicator measures an asset’s oversold and overbought market conditions. When it is flat, as with ADA, it indicates a balance between buying and selling pressure, meaning there is no clear momentum in either direction. This suggests market consolidation, where the asset trades within a range without strong bullish or bearish dominance.
However, with the steady uptick in ADA accumulation, a break above the resistance at $0.75 could be on the horizon. If successful, ADA could rally toward $0.77.
On March 20, 2025, an important meeting took place between David Sacks, the US Special Advisor on AI and Crypto, and Sheikh Tahnoon Bin Zayed Al Nahyan, the Chairman of Abu Dhabi’s investment fund MGX.
This meeting marked significant progress in technological cooperation between the US and the UAE and created new opportunities in artificial intelligence (AI) and cryptocurrency.
What Did David Sacks and Sheikh Tahnoon Discuss?
Sheikh Tahnoon is a powerful figure in the UAE. He is the brother of the UAE President and serves as the country’s National Security Advisor. He also chairs MGX, an investment fund established in 2024 to promote AI and blockchain technologies.
In a post on X (formerly Twitter), Sheikh Tahnoon stated that he and David Sacks discussed AI development, the role of digital currencies, and investment opportunities.
“I explored with David Sacks, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence,” Sheikh Tahnoon said.
This meeting took place just one week after MGX announced a $2 billion investment in Binance, the world’s largest cryptocurrency exchange. Notably, MGX conducted this investment using stablecoins, making it the largest crypto-based investment transaction ever.
Under Sheikh Tahnoon’s leadership, MGX is emerging as a major AI investor with allocations across various AI sectors. According to The Wall Street Journal, MGX is expected to receive over $50 billion from Sheikh Tahnoon’s personal assets and other sources in Abu Dhabi.
Additionally, MGX is one of the key backers of Stargate, a $100 billion data center project led by SoftBank and OpenAI, announced at the White House. The fund has also invested in OpenAI, Elon Musk’s xAI, and Amazon-backed Anthropic.
This meeting was part of a broader series of diplomatic engagements between the US and the UAE. On March 18, President Trump announced on TruthSocial that he had hosted Sheikh Tahnoon for dinner at the White House. They discussed economic and technological cooperation.
“Discussions also included ways for our countries to increase our partnership for the advancing of our economic and technological futures,” President Trump stated.
Additionally, reports have recently surfaced suggesting that the Trump family is negotiating to acquire a stake in Binance.US. However, CZ, the former Binance CEO, has denied these claims. Meanwhile, World Liberty Financial, a DeFi project linked to the Trump family, has been continuously investing in projects like Avalanche, Mantle, Sui Blockchain, and Movement.
As developers await further testing results from the Hoodi testnet, the highly anticipated Ethereum Pectra mainnet upgrade, initially slated for April 2025, has been delayed.
This decision came during Ethereum’s All Core Developers Consensus Call (ACDC) #153 on March 20. It reflects the development team’s cautious approach to ensuring a smooth and stable upgrade process.
Hoodi Testnet to Determine Pectra Timeline
During the call, Ethereum’s core team reviewed the progress of Pectra.
Instead of confirming a mainnet date, they opted to monitor the upgrade’s performance on Hoodi, a newly launched testnet designed to assess Pectra’s stability. This is unsurprising, as Ethereum Protocol Support Lead Tim Beiko recently hinted as much. He noted the scheduling of Pectra Upgrade at least 30 days after Hoodi forks successfully.
“…Pectra will be scheduled 30+ days after Hoodi forks successfully, pending infra and client testing. Fusaka planning will run in parallel, with a deadline of March 24 to propose EIPs, and a tentative date of April 10 for a scope freeze,” Beiko explained.
Therefore, the delay is not entirely surprising, reflecting developers’ cautious approach to ensuring a smooth transition.
Ethereum Developers’ Consensus Layer Meeting 153 for Pectra Upgrade
The main reason for postponing the upgrade is the need for thorough testing. Developers use Hoodi to simulate real-world conditions and identify potential issues before activating Pectra on the mainnet.
The upgrade will go live on Hoodi on March 26, with developers observing its performance before deciding on the mainnet release.
Another factor influencing the delay is History Expiry, a planned cleanup process set to go live on May 1. This change, linked to Ethereum Improvement Proposal 6110 (EIP 6110), affects the handling of validator deposit history on Ethereum.
Since Pectra plays a key role in this process, the delay also compels the postponing of History Expiry. Developers are now reconsidering the timeline for implementing this change.
For now, the priority is to ensure a successful Pectra test on Hoodi, which is better than the Sepolia testnet. If testing goes smoothly, developers could move forward to set a mainnet launch date. However, they could extend the timeline further if necessary.
“Sepolia’s Pectra upgrade hit a snag because a node didn’t upgrade in time—sounds trivial, but it’s a reminder: Ethereum’s decentralization is only as strong as its weakest operator. If one forgotten node can delay an upgrade, imagine what happens when real money is on the line,” one user quipped.
At the same time, discussions about Ethereum’s next major upgrade, Fusaka, are underway. Developers are considering additional improvements for inclusion in future updates. This would ensure that Ethereum continues to grow and maintain its leadership in the blockchain space.
Although the Pectra delay is temporary, developers emphasize that thorough testing is essential to avoid unexpected issues.
The Ethereum community will have to wait a little longer, but the upgrade remains a top priority. A final decision on the mainnet launch date is due in the coming weeks.
Despite the strong performance last year, the market’s volatility has shifted the outlook for Bitcoin exchange-traded funds (ETFs) in 2025. A series of major sell-offs have wiped out nearly all the inflows the ETFs received earlier in 2025.
This downturn coincides with Bitcoin’s continued price decline, leaving the ETFs struggling to maintain their momentum as investor sentiment shifts.
Bitcoin ETFs Face Major Setback in 2025
According to a recent post by Bread & Butter on X (formerly Twitter), Bitcoin ETFs had a promising start to the year. Between January 1 and February 7, they saw cumulative inflows of $5.7 billion.
However, a substantial sell-off quickly followed, erasing $5.3 billion of those gains. As a result, net inflows for the year plunged to a low of $106 million.
Bitcoin ETF Inflows vs. Outflows in 2025. Source: X/Bread&Butter
In fact, the largest weekly net outflow was recorded in the final week of February, at $2.7 billion. That’s not all. Since the ETFs began trading, they have experienced outflows in three separate months. February stands out as the most significant, with a staggering $3.5 billion recorded as the largest monthly outflow to date.
Nonetheless, the post revealed a positive shift, noting that inflows into Bitcoin ETFs have resumed. Since March 14, the ETFs have recorded consecutive days of inflows, pushing the year-to-date net inflows to over $600 million.
As of the latest data, the daily total net inflow reached $165.7 million on March 20. Yet, this growth was uneven across the 11 ETFs.
Only four recorded inflows, with iShares Bitcoin Trust ETF (IBIT), leading at $172.1 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9.2 million, Grayscale Bitcoin Mini Trust ETF (BTC) with $5.2 million, and VanEck Bitcoin ETF(HODL) with $11.9 million.
Meanwhile, four ETFs saw zero flows, and three—Grayscale Bitcoin Trust(GBTC), Bitwise Bitcoin ETF (BITB), and Franklin Templeton Digital Holdings Trust (EZBC)—experienced outflows, reflecting a mixed market performance.
“It remains to be seen whether this marks the beginning of a sustained rebound or just a temporary relief,” the post read.
This comes as Bitcoin’s price continues to navigate turbulent waters. The cryptocurrency has faced significant setbacks due to shifting macroeconomic conditions, leading to a notable decline.
According to BeInCrypto data, BTC has depreciated by 12.1% over the past month and 2.0% in the last 24 hours alone. At press time, it was trading at $84,147.
However, analysts suggest that the worst may be over. Arthur Hayes, former CEO of BitMEX, pointed to a potential bullish shift, citing his custom US bank credit supply index, which was moving upwards.
“Doesn’t mean we are done dumping but the odds are shifting more bullish,” he said.
Market observers have also compared Bitcoin to gold. They predict that BTC may follow a similar trajectory and emerge from its current “fakeout” phase. Others believe Bitcoin is in a bear trap that could soon end.
