Cronos (CRO) has skyrocketed over 30% in the past 24 hours, making it the top-performing altcoin in the market.
The token is now trading at a 30-day high, fueled by renewed investor interest following the announcement of a partnership between Trump Media and Crypto.com. With the high demand for the altcoin, it could maintain this rally in the short term.
Cronos Surges as Trump Media & Crypto.com Explore ETF Partnership
On Monday, Trump Media and Crypto.com announced a partnership to explore launching ETFs, including one based on CRO, Bitcoin, and other assets. This development has driven bullish momentum in CRO, with technical indicators signaling a resurgence in the altcoin’s demand over the past 24 hours.
For example, after the partnership was announced, CRO’s Aroon Up Line soared to 100%. This indicator measures the strength and direction of a trend by tracking the time since the highest high (Aroon Up) and lowest low (Aroon Down) over a set period, typically 25 days.
When the Aroon Up line is at 100%, it indicates that a new high has been reached recently and that the uptrend is strong. This suggests sustained bullish momentum, especially if the Aroon Down line remains low, confirming minimal downward pressure. This is true of CRO, whose Aroon Down Line is currently at 0%.
Further, the altcoin’s Parabolic Stop and Reverse (SAR) indicator supports this bullish trend. At press time, the indicator’s dots rest below CRO’s price, offering support at $0.06.
The indicator identifies an asset’s potential trend direction and reversals. When its dots are placed under an asset’s price, the market is in an uptrend. It indicates an asset’s price is rising, and the rally may continue.
CRO Eyes Further Gains – But Can It Avoid a Selloff?
CRO trades at $0.109 at press time, having broken above the resistance at $0.089. With strengthening demand for the altcoin and growing bullish bias, it could extend its rally toward $0.126.
However, if selloffs begin, CRO could shed some of its recent gains and retest the support at $0.089. If the bulls fail to defend it, the token’s price could plunge to $0.068.
Bitcoin’s price has recently rebounded, bringing it close to the critical $108,000 level. While this recovery offers hope, the key resistance remains unclaimed as support.
Adding to concerns is a noticeable shift in investor behavior, signaling market fatigue, which could be setting the stage for a price decline below $100,000.
Bitcoin Profit Taking Slows Down
In the previous market cycle (2020–2022), Bitcoin investors realized a total of approximately $550 billion in profit during multiple rallies, including two major waves. Fast forward to the current cycle, and realized profits have already exceeded $650 billion, surpassing the previous cycle’s total. This indicates that, while large gains have been made, the market may be entering a cooling phase.
The latest data suggests that profit-taking has peaked, with the market now in a cool-down period after the third major wave of profit realization. Although gains have been secured, the momentum driving Bitcoin’s upward movement appears to be waning. As realized profitability tapers off, investor sentiment shifts, leading to reduced buying pressure.
Bitcoin’s total transfer volume has also shown signs of cooling. The 7-day moving average of on-chain transfer volume has dropped by approximately 32%, falling from a peak of $76 billion in late May to $52 billion over the past weekend. This decline is consistent with the broader pattern of market cooling, signaling that Bitcoin’s bullish momentum may be losing steam.
The slowdown in transfer volume reflects a general loss of activity across key Bitcoin metrics, reinforcing the notion that market participants are taking a cautious approach. As the market eases, Bitcoin’s price could face downward pressure.
Bitcoin’s price is currently at $106,907, just below the $108,000 resistance. For BTC to continue its upward trend, it must flip $108,000 into support. This would set the stage for further gains, pushing Bitcoin towards the $110,000 mark and potentially beyond. However, the current market sentiment remains fragile.
Given the rising signs of market fatigue and the cooling of key activity metrics, a decline is more likely in the near term. If demand does not revive, Bitcoin’s price could fall below $105,000 and test the critical $100,000 support level. Any further loss in momentum may trigger a deeper decline.
Alternatively, if Bitcoin’s price manages to hold above key support levels, the bullish trend remains intact. Successfully reclaiming $108,000 as support would clear the path for Bitcoin to rise to $110,000. A break above this level could lead to a move towards the all-time high of $111,980, maintaining the upward momentum and investor optimism.
Since US President Donald Trump assumed office, the Securities and Exchange Commission (SEC) has dropped, settled, or paused lawsuits against prominent crypto entities left and right. In stark contrast to the previous administration’s leadership under Chair Gary Gensler, the SEC seems to be parting from its previous crackdown on digital assets.
In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial election influence the crypto industry had over Trump’s candidacy as a contributing factor to the SEC’s looser stance on crypto.
The SEC’s Approach Under Trump
The SEC has experienced a clear shift in its approach to crypto lawsuits under Trump’s presidency. Its move away from the aggressive enforcement tactics of its previous leadership has largely characterized this shift.
“When President Donald Trump won the US election, the crypto industry rejoiced. Finally, the ‘regulation by enforcement’ era, which the SEC under the leadership of Gary Gensler was so famous for, was about to come to an end. And the new administration didn’t disappoint. Within just a couple of weeks of Trump’s inauguration, the revamped SEC started dropping lawsuits against crypto firms left, right and center,” Puckrin said.
Two weeks ago, the SEC officially dropped its appeal and XRP lawsuit against Ripple Labs, ending a five-year legal battle. The Commission had originally accused Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales.
“After more than four years in limbo, the SEC has officially decided that XRP is not a security (though what it is instead remains to be seen). This case has been weighing heavily on XRP – the fourth largest cryptocurrency with a market cap of roughly $130 billion– so its resolution is a major win,” Puckrin added.
The wider crypto community celebrated the outcome, with many arguing that it will set a precedent for how digital assets are classified in the US. This prediction is warranted, given that the SEC has been on a lawsuit-dropping spree.
The SEC has also dropped several ongoing investigations against OpenSea, Robinhood, Uniswap Labs, Kraken, and Gemini. It has also asked a federal court to issue a 60-day pause over its litigation against Binance. Meanwhile, the Commission settled its investigation into ConsenSys over its Ethereum software products.
These lawsuits surfaced in parallel to a series of crypto-friendly measures meant to foster greater innovation and curb potential regulatory suffocation that had existed during the Biden era.
Will New Leadership Define Clear Crypto Regulations?
A day after Trump assumed office, SEC Acting Chairman Mark Uyeda announced the creation of a dedicated crypto task force led by Commissioner Hester Peirce. The task force was reportedly designed to resolve long-standing ambiguities in the regulatory treatment of digital assets.
In all SEC crypto lawsuits, Commissioner Uyeda has implemented a strategy prioritizing industry engagement to develop regulatory frameworks that balance innovation and investor protection.
Meanwhile, Trump strategically nominated Paul Atkins, a crypto-curious, regulation-light candidate, to replace Gensler as head of the SEC. Just this week, the Senate Banking Committee voted to advance Atkins’ nomination to the full Senate.
Now, only a stone’s throw away from becoming SEC Chair, Atkins is expected to loosen regulatory oversight on crypto.
“With the establishment of a new Task Force and key appointees like Paul Atkins fostering innovation, Trump’s strategic move to create a Bitcoin reserve within the government further underscores his commitment to supporting the industry. The future of crypto regulations will be focused on less oversight and the beginning of a delicate but promising thaw in the regulatory landscape,” Huang added.
Though some say Trump’s handling of crypto affairs has resulted in a never-before-seen triumph, others are weary that his increasing involvement in the industry has turned out to be a recipe for disaster.
The Impact of Crypto Donations on Regulations
Several industry leaders went to great lengths to ensure that Trump became America’s 47th president. Millions of dollars in donations from crypto firms throughout Trump’s campaign illustrated these efforts.
According to a Public Citizen report, over $119 million from crypto corporations went into influencing the 2024 federal elections, largely through Fairshake, a non-partisan super PAC backing pro-crypto candidates and opposing skeptics.
Crypto corporations donated over $119 million to the 2024 federal elections. Source: Public Citizen
Coinbase and Ripple, among others who stand to profit, directly provided over half of Fairshake’s funding. The remaining funds mostly came from billionaire crypto executives and venture capitalists. Notable contributions included $44 million from the founders of Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.
So far, big crypto’s spending strategy is paying off with a more favorable environment.
Without a clear framework to guide the crypto industry following these dropped lawsuits, this lax approach risks being short-lived. Ultimately, this could tarnish long-term crypto adoption.
“Somehow, all these victories feel somewhat hollow after the reputation of the crypto industry has been tarnished by the billions of dollars in combined losses from meme coin scams. Meanwhile, Hayden Davis, the mastermind behind LIBRA, continues to launch fraudulent meme tokens, despite being on the Interpol wanted list,” he said.
A 2024 report by Web3 intelligence platform Merkle Science revealed that meme coin rug pulls cost investors over $500 million. The February LIBRA incident showed how this trend was carried over to 2025. Nansen data revealed that 86% of investors lost $251 million, while insiders pocketed $180 million in profits.
Though crypto scammers may be charged with related crimes like wire fraud or money laundering, rug pulling is legal. Better said, it’s unaccounted for. No regulation holds crypto insiders responsible for meme coin scams.
“As crypto becomes an ever more mainstream asset class, consumers need to be protected against those who choose to use it for nefarious purposes. One way to do this is through education, and that’s our job as an industry. But deterring scams and extractive behavior is the job of the regulators. And it’s time they stepped up to the task,” Puckrin told BeInCrypto.
If the SEC doesn’t take advantage of this opportunity to curb the consequences that meme coin scams can produce, it will result in an enormous setback for the industry.
Comprehensive Regulation Beyond Dropped Lawsuits
Puckrin illustrated the need for heightened regulatory clarity in crypto by drawing attention to the way the SEC penalizes insider trading in the context of traditional investing.
“In traditional investing, insider trading is a serious crime. In the US, it’s punishable by fines of up to $5 million for individuals and prison sentences up to 20 years. Similarly, federal penalties for engaging with illegal gambling activities include up to five years in prison. Perpetrators of memecoin scams must be punished with the same level of severity, because the result is the same: manipulating markets and cheating unsuspecting investors out of their savings,” he said.
Puckrin clarified, however, that the issue isn’t solely about penalizing fraudsters. Just as the SEC’s past overregulation hindered the industry, the current lack of meme coin rules creates an environment where new scams and exploitative schemes can easily flourish.
“Yes, the removal of lawsuits is great news for blockchain innovation, but something needs to replace it. Indeed, serious cryptocurrency firms have never advocated for an unregulated Wild West. What they want is clarity and rules that are fit for the nascent blockchain industry – not just a copy-and-paste of existing financial regulations that simply don’t work for crypto,” he said.
Although the Trump administration has only been in place for four months, the clock is ticking, and meaningful change takes time.
Unanswered Questions Loom
Puckrin expressed concern over the current administration’s prioritization of lawsuit dismissals instead of working faster to implement transcendental crypto regulation.
“My concern is that regulators will keep kicking the can down the road with crypto regulation, having gained the approval of the industry for dropping the many lawsuits that were stifling its growth. And this is incredibly dangerous,” he told BeInCrypto.
Meanwhile, critical questions that only the SEC can define remain unanswered.
“What are memecoins and who will ensure another LIBRA fiasco doesn’t happen? Are utility altcoins now commodities and if so, will the Commodities Futures Trading Commission (CFTC) regulate them? And, importantly, what do we do about compensating investors who have lost billions to crypto fraud?” Puckrin concluded.
The SEC’s current direction promises a regulated renaissance or a breeding ground for future crises.
With billions lost and critical questions unanswered, the future of crypto hinges on whether the regulatory body will translate its recent shift into a lasting framework that fosters innovation without sacrificing investor protection.
Cardano (ADA) has been trading below the $0.70 mark since March 29, struggling to regain bullish momentum. Despite brief signs of strength, recent indicators now point to weakening trend conditions.
Both the BBTrend and ADX show fading buying pressure, while EMA alignment remains bearish. With price stuck between key support and resistance levels, ADA’s next move could define its short-term direction.
Cardano’s BBTrend has flipped negative, currently sitting at -0.78 after spending the last five days in positive territory. The indicator reached a peak of 9.76 on April 14, signaling strong bullish momentum at the time.
BBTrend, short for Bollinger Band Trend, measures the strength and direction of a price move relative to its Bollinger Bands.
Positive values typically indicate bullish trends, while negative values point to bearish conditions or weakening momentum.
The shift to -0.78 suggests that Cardano’s recent uptrend has lost strength and may be reversing. A negative BBTrend reading means the price is now moving closer to the lower band, often a sign of rising selling pressure.
While it doesn’t confirm a strong downtrend yet, this reversal could indicate the beginning of a broader consolidation or bearish phase unless momentum quickly recovers.
Traders may want to watch closely for follow-through or a bounce to assess ADA’s short-term direction.
Cardano Momentum Fades as ADX Crashes and Selling Pressure Rises
Cardano’s DMI chart shows a sharp drop in trend strength, with its ADX falling to 15.12 from 28.34 just two days ago.
The ADX (Average Directional Index) measures trend intensity—readings above 25 suggest a strong trend, while values below 20 indicate a weak or consolidating market.
At the same time, the +DI (bullish directional indicator) has dropped from 22.61 to 17.39, showing weakening buying pressure. Meanwhile, the -DI (bearish indicator) has risen from 10.5 to 14.95, pointing to a gradual increase in selling strength.
With both the ADX and +DI falling, and -DI climbing, the setup hints at a potential shift in favor of the bears.
Cardano’s EMA lines remain bearish, with short-term averages still positioned below the long-term ones—indicating that downward momentum is intact.
Cardano price is holding above a key support zone near $0.594, but if this level fails, it could trigger a deeper drop toward $0.511. This would confirm a continuation of the downtrend and reflect growing selling pressure.
However, if ADA manages to reverse its current momentum, the first major resistance lies at $0.64. A breakout above that level could open the door to further gains, with potential targets at $0.66 and $0.70.
If the uptrend strengthens, ADA could even rally toward $0.77, marking a more decisive recovery and trend shift.
