The recent Bitcoin price rally to a new ATH fueled a crypto market rally, pulling digital assets out of the Trump tariff-influenced slump. The same cryptos are facing another turmoil today, losing a significant portion of their recovery amid investors’ sentiments due to the influence of various technical and macroeconomic factors. Is the bull market over? Let’s discuss. Bitcoin Price Crash Trimmers Affect Crypto Market After a 4% crash in Bitcoin price, hours earlier, it currently trades at $108.7k. Its decline from the recent ATH rally has impacted investors’ sentiments, fueling the crypto market crash today. This drop resulted in the wiping out of more than $600M in leveraged positions, per Coinglass, and the top altcoins like XRP, SOL, DOGE, and others declined at least 1-2%. Some even faced extreme volatilities and higher bearish pressures. Notably, this happened amid Trump’s 50% Tariff announcement on the EU, starting June 1, 2025…. Read More at Coingape.com
Renowned economist Peter Schiff has raised an issue between Donald Trump’s tariffs and the president’s plan to make the US a Bitcoin superpower. Schiff believes that Trump is unlikely to achieve his goals with the tariffs while making the US a BTC superpower, as they both contradict each other.
Peter Schiff Explains How Trump’s Tariffs and Bitcoin Plans Contradict
In an X post, Peter Schiff stated that Donald Trump’s goals of solving the problems leading to the US’s huge trade deficits and making the country a Bitcoin superpower are at odds with one another.
The economist explained that the more the US diverts its scarce resources to crypto, the more it will depend on the rest of the world to produce the stuff that Americans need. Peter Schiff, who is a Bitcoin skeptic, has on several occasions criticized Trump’s tariffs and his Bitcoin plans.
He believes that the tariffs will only harm the US and lead to higher inflation or recession. The economist also believes that plans like the Strategic Bitcoin Reserve are a waste of resources. Schiff even urged former President Joe Biden to sell the US’s Bitcoin holdings before Trump took office earlier this year.
With Trump not backing down on his tariff plans, Schiff predicts that the Fed will likely cave and move to cut interest rates instead of raising them to help curb inflation. He predicts a Gold rally to new highs if that eventually happens.
The Bitcoin Criticism Continues
As a follow-up to his original post, Peter Schiff again criticized Bitcoin and Trump’s Strategic BTC Reserve plans. He stated that the flagship cryptocurrency does not create any value for the US. Instead, he claims resources are just wasted as money moves from Bitcoin buyers to sellers.
Meanwhile, Peter Schiff also commented on Gold’s correction towards the end of this week while the Bitcoin price surged past the $95,000 mark. He stated that this was just a counter-trend move, which happens from time to time. He urged market participants not to read anything more into it.
Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility. SHIB dropped from its December peak of $0.0000329 and remains in a downward trend. Analysts predict a possible rebound, but market conditions suggest uncertainty about its next direction.
Shiba Inu Price Analysis: What’s Next for SHIB in the Market?
Shiba Inu price dropped sharply as the broader meme coin market faced losses. After a strong start to March, assets like Dogecoin and SHIB saw a downturn. This decline pushed Shiba Inu lower in market rankings, reflecting the overall weakness in the crypto sector.
Meme coins, including Dogecoin, WIF, PENGU, BONK, and PEPE, have recorded notable price decreases. The trend follows the broader market correction affecting digital assets. Shiba Inu’s price movement has been in line with this sentiment, signaling uncertainty among traders.
Despite the slump, three potential catalysts could boost SHIB’s price. The most significant factor is its rising burn rate. On March 8, the daily burn rate surged by 3,250% to 29 million tokens. Since its inception, over 410 trillion SHIB tokens have been removed from circulation, reducing supply to 584 trillion.
Analyst Predicts Shiba Inu Breakout With 422% Surge
Crypto analyst reports indicate that the SHIB price may have broken out of a Falling Wedge pattern. The breakout suggests a potential price surge, with projections hinting at a significant increase. Analysts highlight that if momentum sustains, the asset could experience a rise exceeding 422%, targeting $0.00008841.
Market sentiment around Shiba Inu remains strong, with traders monitoring technical signals. The meme-based asset has drawn attention amid discussions about its bullish trajectory.
SHIB Price Dips; Key Levels To Watch
As of 9th March, the SHIB price is trading at $0.00001254, reflecting a 0.40% decline over the past 24- hours.
The price remains within a narrow range as bearish sentiment persists. Key support is holding near $0.00001, while resistance sits around $0.000015. SHIB has struggled to break past these levels, signaling weakened momentum.
The MACD indicator shows a negative trend, with the MACD line hovering below the signal line. The histogram reveals growing red bars, indicating selling pressure. If the MACD line fails to cross above the signal line, downward movement may continue.
The RSI stands at 33, moving closer to the oversold zone. This suggests weak buying momentum.
Shiba Inu price prediction remains confined to a tight price channel, failing to establish a strong upward trend. The recent drop signals continued weakness, with buyers hesitant to step in. A breakout above $0.000015 may shift momentum toward bullish territory, while a fall below $0.00001 could extend losses. A sustained move above $0.000015 could open doors for bullish to target $0.000018 and $0.00002 resistance levels.
To sum up, the Shiba Inu price remains under pressure, struggling to hold key support. Analysts observe mixed signals, with traders closely watching technical indicators. The market’s next move will determine if SHIB rebounds or continues its decline.
AI coins like HOLLY, PROMPT, and DSYNC have seen notable Smart Money accumulation in recent weeks. Over the past few weeks, these three projects have stood out in on-chain activity.
Specifically, HOLLY brings visual storytelling to blockchain, PROMPT powers AI interactions across chains, and DSYNC focuses on AI and DePIN infrastructure. Despite contract risks flagged by GoPlus Security, these AI coins show rising adoption, strong trading activity, and expanding holder bases.
h011yw00d by Virtuals (HOLLY)
HOLLY, short for h011yw00d, is an AI-powered cinematic agent that turns internet conversations into short visual films. Unlike traditional formats, it tells stories without dialogue or captions, using only visuals to express emotion and narrative. As a result, the project offers a new way to interpret online interactions through AI filmmaking.
The team launched HOLLY four days ago on the Base chain. Since then, it has reached a market cap of $1.2 million and gathered over 48,000 holders.
Smart Money Holders and Total Balance for HOLLY. Source: Nansen.
According to Nansen, the number of Smart Money wallets holding HOLLY increased from 5 to 10 since April 18. Together, these wallets now hold around 13.4 million tokens. Additionally, the team launched the token via the Virtuals Protocol platform, one of the biggest players in the crypto AI agents space.
One of HOLLY’s top holders uses a wallet that Nansen, an on-chain analytics platform, labeled as linked to LongHash Ventures. Meanwhile, GoPlus Security, a crypto security firm, points out two key risks: the team can modify HOLLY’s tax, and they didn’t renounce ownership—both important factors for traders to monitor.
PROMPT
PROMPT is the native token of Wayfinder, an omni-chain tool designed to enable AI systems to operate across blockchain environments.
Wayfinder aims to create new methods for machine intelligence to interact with decentralized networks, facilitating more advanced on-chain AI integrations. PROMPT serves as the core asset within this ecosystem, supporting the platform’s operations and functionality.
Smart Money Holders and Total Balance for PROMPT. Source: Nansen.
Between April 9 and April 14, Smart Money wallets holding PROMPT jumped from zero to 20. That number has stayed the same for the past eight days.
PROMPT runs on the Ethereum blockchain. It has around 5,600 holders, a market cap of $53 million, and a daily trading volume of $706,000.
GoPlus Security flagged two risks. The team didn’t renounce ownership, and the contract allows new tokens to be minted. That could increase supply and push the price down.
Destra Network (DSYNC)
Among emerging AI coins, Destra Network positions itself as a decentralized solution for DePIN (Decentralized Physical Infrastructure Networks) and AI computing, aiming to streamline access to these technologies through a unified platform.
Currently, DSYNC has a market cap of $140 million and is held by over 48,000 wallets.
Smart Money Holders and Total Balance for DSYNC. Source: Nansen.
Since April 1, the number of Smart Money wallets holding DSYNC has grown from 41 to 44, and the token has seen a price increase of more than 13% in the past 24 hours. Over the same period, its trading volume reached $455,000.
According to GoPlus Security, DSYNC has two points of caution: the contract’s tax settings can be modified, and the token’s ownership has not been renounced—factors that could pose risks depending on future changes to the contract.
