Hedera (HBAR) has lost its $7 billion market cap as bearish momentum builds. Trading volume is down 25% in the last 24 hours to $203 million. Key technical indicators are weakening, pointing to growing pressure on the current trend.
The BBTrend has dropped below 10, the RSI is now under 50, and a potential death cross looms on the EMA lines. Unless buying pressure returns soon, HBAR could face deeper corrections in the near term.
Hedera BBTrend Is Still Positive, But Going Down
Hedera’s BBTrend has dropped to 5.84, falling sharply from 11.99 just two days ago. The BBTrend, or Bollinger Band Trend indicator, measures the strength of a trend based on how far the price deviates from its average range.
Readings above 10 typically signal a strong and active trend, while lower values suggest weakening momentum or consolidation.
With RSI now below the neutral 50 mark, it suggests that sellers are gaining more control. An RSI around 44.67 points to weakening demand and could mean that HBAR is entering a consolidation phase or facing mild downward pressure.
If the RSI continues to fall, it could lead to a deeper correction unless buyers step back in.
Will Hedera Fall Below $0.15?
Hedera’s EMA lines are signaling a potential death cross, a bearish formation that could lead to increased downside pressure. If this pattern is confirmed, Hedera price may first test two nearby support levels at $0.156 and $0.153.
These levels have recently acted as short-term cushions, and losing them could trigger a sharper drop.
A breakdown below both supports could open the way toward $0.124, especially if selling momentum accelerates. On the flip side, if HBAR can regain strength and push above the $0.168 resistance, it could shift sentiment back in favor of the bulls.
A breakout there may lead to further gains toward $0.178 and potentially $0.20 if the uptrend builds enough momentum.
According to Johnny Garcia, Managing Director of Institutional Growth and Capital Markets at the VeChain Foundation, Texas will likely become the next state to establish a strategic Bitcoin reserve after New Hampshire.
In an exclusive interview with BeInCrypto, Garcia explained that states with pro-innovation leadership are more inclined to follow New Hampshire’s example. Meanwhile, others may adopt a more cautious, wait-and-see approach.
Why States Like Texas Are More Likely to Follow New Hampshire’s Bitcoin Reserve Lead
The VeChain executive described New Hampshire’s passage of House Bill 302 as a ‘landmark moment’ for digital assets. He stated that the development highlights Bitcoin’s growing recognition as a strategic financial instrument.
It also lays the groundwork to encourage wider blockchain adoption by normalizing digital assets in public portfolios.
“Momentum has been gathering at the State level since the presidential inauguration, and have commented before, there is a sea change taking place in the minds of State representatives across the general perception of Bitcoin [and other crypto assets] in the US,” Garcia told BeInCrypto.
Importantly, he believes the move could prompt the states already considering related legislation to accelerate their efforts so they don’t fall behind. The latest data from Bitcoin Laws shows that as of May 2025, 37 digital asset-related bills are active in 20 states.
Live Bitcoin Reserve Bills Across 20 States. Source: Bitcoin Laws
However, Garcia emphasized that the success of these bills depends on various factors. These include a state’s political climate, economic priorities, and risk tolerance.
“States with pro-innovation leadership, like Texas or Utah, are more likely to follow New Hampshire’s lead in short order, while others may wait to see how things play out for N.H,” he added.
With Texas now in the spotlight, there is strong optimism that similar legislation will be signed into law. Republican Governor Greg Abbott has expressed a favorable outlook toward the industry. The Texas Legislative session ends on June 2, so the decision could come any day now.
This trend highlights a clear difference of opinion between Democrats and Republicans regarding investments in digital asset reserves, a divide Garcia also acknowledges.
“These differences are nothing new, and I chalk them up to deeper-rooted perspectives, just like there are conservatives and liberals, or risk takers and those who like to play things safe. Some may try to tease out those groups and label people on one side as Democratic and the other as Republican, but I think that is too simplistic,” he said.
He acknowledged that bridging this gap poses a significant, but surmountable, challenge. The executive noted that increased cooperation can be fostered through education and a deeper understanding of the technology’s potential benefits and risks.
According to Garcia, the focus should be on identifying shared goals, such as leveraging blockchain to improve efficiency and transparency in government operations—an approach that could lay the groundwork for bipartisan collaboration.
“The ultimate goal would be to develop a thoughtful and balanced approach to digital assets that can benefit all Americans, regardless of political affiliation. This can be achieved by moving the conversation beyond partisan lines and focusing on the long-term economic and technological implications,” Garcia disclosed to BeInCrypto.
How Will State-Level Interest Impact Broader Crypto Adoption?
Whether Democrats and Republicans will ever fully agree on digital assets remains uncertain. Despite this, the introduction of bills and increased discussions at the state level signal growing interest and momentum.
Garcia said this shift marks a fundamental change in how public finance views blockchain assets, recognizing them as tools for innovation and resilience.
“It, combined with the strength of Bitcoin, has rekindled the discussion around ‘digital gold’ and could help reshape public finance by introducing decentralized, censorship-resistant assets into traditional portfolios,” he commented.
It normalizes digital assets as a strategic asset class, not just speculative. This encourages more institutional and enterprise participation.
This also pushes policymakers and the public to better understand digital assets’ risks and benefits, which can lead to clearer and better regulations.
It helps build infrastructure like regulated custody and on-chain auditability. This makes blockchain adoption easier for businesses.
He also said that while accessibility remains a challenge for mainstream adoption, state-backed initiatives could foster partnerships between the public and private sectors. This collaboration could lead to the development of user-friendly wallets, custody services, and decentralized finance platforms, expanding access for both retail and institutional users.
“This aligns with our focus at VeChain on scalable, enterprise-grade blockchain solutions, and we anticipate that state-level adoption will create a ripple effect, accelerating the integration of digital assets into both public and private sectors,” Garcia remarked.
The Balance Between Opportunity and Risk in State Crypto Holdings
While the benefits inspire optimism, the reserves carry several implications for a common taxpayer. Garcia explained that supporters believe state investments could boost long-term returns and diversify away from inflation-prone assets, potentially strengthening the state’s finances and benefiting taxpayers. Yet, he claimed,
“We have not yet reached the point where Bitcoin has achieved a greater level of stability, and if it sees a similar pullback compared to previous cycles, that would greatly diminish interest in setting up reserves and could cost taxpayers money.”
Garcia warned that significant price drops could lead to losses in the state’s reserves. Thus, if the allocation is too large or poorly managed, this could potentially threaten financial stability.
“This could, in theory, lead to pressure for tax policy changes to offset those losses, although this would depend heavily on the scale of the investment and the state’s overall financial health,” he mentioned to BeInCrypto.
Garcia advocated educating taxpayers about both the benefits and risks to maintain public trust. He emphasized that the long-term impact will depend on the responsible and strategic management of these reserves.
Beyond tax concerns, Garcia detailed several challenges states may face when implementing crypto reserves.
“The volatility of digital assets remains the biggest challenge facing states looking to implement reserves, as managing this volatility within a public treasury framework will require careful consideration and potentially sophisticated risk management strategies,” he commented.
Garcia also mentioned that educating lawmakers and the public is crucial for wider acceptance, as many state officials lack expertise in digital asset management and will need training or specialists. He underlined that federal regulatory uncertainty adds complexity. Therefore, clear rules on custody and reporting are necessary.
According to Garcia, transparency and strong cybersecurity measures are other key factors essential to ensuring the long-term success of these initiatives.
The Road to a National Strategic Bitcoin Reserve
Meanwhile, Garcia pointed out that concerns over taxes and market volatility are why President Trump’s Bitcoin reserve does not include provisions for investing the country’s funds. Instead, it focuses on using forfeited assets to build the stockpile.
The SBR would involve acquiring 1 million Bitcoins over five years and holding them for at least 20 years. Garcia declared that allowing direct Bitcoin investments would depend on shifting political and economic factors.
“Allowing for such purchases will require bipartisan support in both the House and the Senate, along with the President’s signature, but as the recent stall for the GENIUS Act shows, lawmakers are far from being on the same page,” the executive shared with BeInCrypto.
Garcia believes that a clear regulatory framework for crypto and a plan to incorporate Bitcoin into a strategic reserve will eventually be established by law. Nonetheless, the timeline and specific details of these bills remain ‘challenging to predict.’
Bitcoin exchange-traded funds (ETFs) in the US recorded massive inflows of more than $3 billion last week.
This performance marks one of the strongest weeks for Bitcoin ETFs in 2025, driven by the recovering BTC price and renewed interest from institutional investors.
Bitcoin ETFs Post Strongest Six-Day Inflow Streak
According to SoSoValue, the 11 spot Bitcoin ETFs recorded a combined inflow of approximately $3.06 billion over six consecutive trading sessions.
This wave of investment ranks as the second-largest net inflow on record for Bitcoin ETFs, highlighting increasing demand for crypto-focused financial products.
The largest inflows were seen on April 22 and April 23, when daily figures reached $936 million and $916 million, respectively. Analysts noted that these were among the best single-day performances since Donald Trump returned to the White House earlier this year.
US Bitcoin ETFs Six-Day Inflow Streak. Source: SoSoValue
The wave of investment lifted the total assets under management (AUM) for Bitcoin ETFs to $109 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues leading the market, now managing more than $56 billion. This accounts for roughly 3% of Bitcoin’s circulating supply.
Moreover, analysts from The Kobeissi Letter suggest that Bitcoin’s decoupling from macro assets has supported its price rebound. Since dipping under $75,000 on April 7, BTC’s price has surged by more than 25% and is now trading above $94,000.
“As global money printing continues so will Bitcoin’s price appreciation. The value of paper money is backed by nothing more than debt, and that debt has been running out of control for quite some time. Bitcoin is the solution to our broken monetary system,” Mark Wlosinski, a crypto analyst, said.
Looking forward, David Puell, an analyst at ARK Invest, remains highly optimistic about the top crypto.
Dragonchain’s DRGN rallied 115% today after the SEC dropped its 2022 lawsuit regarding securities violations. Walt Disney launched the project in 2014 and later converted it into an open-source blockchain.
The network combines private and public blockchain elements, allowing businesses to keep sensitive data private while leveraging public blockchains for verification. This design supports compliance with regulations like GDPR and HIPAA.
What is Dragonchain?
Dragonchain began as the “Disney Private Blockchain Platform,” developed by a team led by Joe Roets at Disney’s Seattle office. In 2016, Disney released the project as open-source software.
Following this, Roets and his team established the Dragonchain Foundation and Dragonchain Inc. to further develop and commercialize the platform. Since then, Disney has not been affiliated with the project.
The blockchain became extremely popular in 2016 because of its hybrid architecture and interoperability. Through its patented Interchain technology, Dragonchain enables integration with other blockchains such as Bitcoin and Ethereum, as well as legacy systems and APIs.
Dragonchain introduced disruptive blockchain innovation at a time when networks like Solana and Layer-2 didn’t exist. It demonstrated high transaction throughput, processing over 250 million transactions in 24 hours during a live demonstration in 2020.
Most notably, it was ahead of its time. The platform introduced quantum-resistant encryption methods to protect data against future quantum computing threats.
The SEC Lawsuit and $1 Billion Loss
The Walt Disney Corporation is not normally known for its Web3 endeavors, but it has shown interest in several sectors over the last few years.
When Disney controlled the project, it had no cryptoasset element, focusing on pure blockchain infrastructure. Shortly after its independence, however, the firm’s developers launched DRGN.
In October 2017, Dragonchain Inc. launched the DRGN token through an Initial Coin Offering (ICO), raising approximately $13.7 million. By January 2018, DRGN’s market cap surged to $1.3 billion.
In 2022, the SEC filed a lawsuit against Dragonchain, focusing on the ICO and alleging unregistered securities offerings. The DRGN token was central to the charges. This marked the beginning of a legally volatile period for the project.
Finally, today, on April 25, 2025, the SEC dropped the lawsuit as part of its wider efforts to reduce crypto enforcement.
The Seven Years’ Wandering finally draws to its close. We were never lost—only laying the ground. Tomorrow, we begin to raise what was always meant to stand.
The announcement sparked a rally in the DRGN market and renewed optimism within the project’s community. The token is up by 115% today and 180% since last week.
Over the last several weeks, Dragonchain’s social media presence has focused on both its blockchain utility and the SEC dismissal.
Dragonchain (DRGN) Price Chart in a Week. Source:
Although the crypto ecosystem has evolved significantly since the lawsuit began, Dragonchain continues to maintain its original commitment to enterprise use cases. It has resisted being labeled as a meme coin and instead emphasizes its enduring focus on practical blockchain applications.
