Why Is Bitcoin Crashing Today?

Monicah W

Cryptocurrency Market Today_ How Low Will Bitcoin Price Crash

The post Why Is Bitcoin Crashing Today? appeared first on Coinpedia Fintech News

Bitcoin’s price has left many investors confused after it dropped below $84,000. Despite strong bullish factors over the past week, its recent price movement is far from the high expectations set by analysts following the announcement of the Strategic Bitcoin Reserve.

Bitcoin Drops Over 6%

Bitcoin is currently trading at $80,909, down over 6% in the past day. Bitcoin has dropped 3.37% over the past week, with trading volumes down 53%. Despite the declining figures, Bitcoin whales are actively buying, accumulating more than 22,000 BTC in just three days.

Despite a week full of positive news, including the signing of an executive order for a Strategic Bitcoin Reserve, a Crypto Summit at the White House, and encouraging statements from the OCC, Bitcoin’s price is unexpectedly falling and could drop below $80K.

The Out-of-sync Price Action!

On March 7, President Trump signed an executive order to use seized Bitcoin rather than purchasing it from the market. This move caused Bitcoin’s price to drop over 6%, from $90,400 to $84,979. “The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” QCP Capital shared in a recent note.

However, it also noted that while this wasn’t the bullish catalyst as many expected, it’s still positive for crypto. The risk of random Silkroad BTC sales disrupting the market is gone, and the U.S. government has reaffirmed its commitment to a long-term crypto strategy, it noted.

An analyst expressed surprise, saying that in his 8 years with Bitcoin, he never saw the price action so out of sync with the news. This week was one of the most bullish in Bitcoin’s history, yet the market is facing decline. 

What is Causing The Drop?

Several factors are behind Bitcoin’s recent price drop. Macroeconomic issues, like new tariffs from the US, have sparked sell-offs in Bitcoin and other cryptocurrencies. Besides, the release of the non-farm payrolls (NFP) report on Friday suggests that the Federal Reserve might tighten monetary policy, which could hurt Bitcoin’s price.

Experts noted that while the executive order for a Strategic Bitcoin Reserve and the Crypto Summit were positive, the lack of concrete policies might have cooled investor enthusiasm. Besides, Bitcoin’s decline is also dragging altcoins down, with ETH, XRP, and BNB losing over 6%, 6% and 4% respectively in the last 24 hours. 

Related Posts

Pumpfun Moves $15M SOL To Kraken As Solana Price Eyes $250

Pumpfun Moves $15M SOL To Kraken As Solana Price Eyes $250

Pumpfun has deposited 105,233 SOL tokens to Kraken, valued at approximately $15.86 million, in a fresh on-chain move. This move comes amid a Solana price recovery above the $150 resistance and increasing odds of a SOL ETF approval at a 90% probability, according to Bloomberg analyst Eric Balchunas.

Pumpfun Deposits 105,233 SOL to Kraken

According to Lookonchain, Pumpfun has moved 105,233 SOL tokens to Kraken in its latest transaction. This follows a series of consistent deposits made by the project over time. In total, Pumpfun has now deposited 3,202,498 SOL—worth around $591 million—on the Kraken exchange at an average price of $185.

In addition to these deposits, Pumpfun also sold 264,373 SOL for approximately $41.64 million in USDC at a price of $158 per token.  At the same time, Lookonchain reported that three new wallets withdrew 145,000 SOL tokens—valued at around $21.8 million—from Kraken.

These wallets were recently created and performed these transactions within the past hour, suggesting potentially coordinated actions or accumulation.

SOL Price Technical Trend Supports Bullish Continuation

Solana’s daily chart shows a bullish price structure supported by the breakout from a falling wedge pattern. This pattern developed from early January to late March 2025 and typically signals a trend reversal. The price broke above the wedge’s resistance in early April, followed by a sustained rally from under $100 to more than $150.

The current price action is forming a bull flag structure, which often appears before another upward move. Analysts observe higher lows and higher highs on the chart, a clear uptrend pattern. Volume has remained steady, with spot volume between $4 billion and $6 billion daily, according to data from DeFiLlama.

SOL/USD Price Chart (Source: TradingView)
SOL/USD Price Chart (Source: TradingView)

On the 1-day price chart, the Relative Strength Index (RSI) and Money Flow Index (MFI) both point upward. The RSI stands at 61.59, suggesting further room for growth before reaching overbought conditions while the MFI is at 58.06, which indicates more capital is entering than leaving.

Resistance Levels Ahead for Solana Price

Crypto analyst Gerlaenco noted that Solana has bounced over 50% since its recent low. He mentioned, “$SOL $200 end of May,” referring to a possible price target if current momentum continues. According to his analysis, the next resistance zone lies between $170 and $185.

This area served as a previous rejection zone during the correction phase earlier in 2025 from Solana’s all-time high of $294.44. If price action breaks through this range and turns it into support, then a path toward $200–$220 could open.

Image

Solana’s recent price momentum has been mostly boosted by the SOL ETF optimism. Bloomberg’s Eric Balchunas recently raised the likelihood of a spot SOL ETF approval to 90%, placing Solana among the top contenders. This news has fueled fresh investor interest, both in the spot and derivatives markets.

Concurrently, data from DeFiLlama shows that perpetual futures volume for Solana has stayed elevated across March and April. Even during periods of price correction, this volume remained consistent, indicating continued interest and active participation from traders.

The post Pumpfun Moves $15M SOL To Kraken As Solana Price Eyes $250 appeared first on CoinGape.

Deribit partners with Crypto Bank Sygnum to Enhance Institutional Crypto Trading Security

Deribit, one of the world’s leading cryptocurrency options and futures exchanges, has partnered with Sygnum Bank, a regulated digital asset financial institution, to bolster security for institutional crypto trading.

As part of the partnership, Deribit has now integrated Sygnum Protect, Sygnum Bank’s off-exchange custody platform, supported by Fireblocks’ Off-Exchange solution. This will allow investors to hold assets securely in a regulated bank trade without pre-funding. It is also set to reduce counterparty risks by providing automated settlement & collateral management.

Announced today, the collaboration aims to provide institutional investors with a secure, efficient, and capital-optimized trading experience by leveraging bank-grade custody and settlement solutions.

Strengthening Security in Institutional Crypto Trading

Institutional investors have long faced challenges in crypto trading, particularly concerning fund security and counterparty risk.

By partnering with Sygnum Bank, Deribit is aiming to enhance the safety and trustworthiness of its platform, enabling institutional traders to engage in derivatives trading with reduced risk exposure.

A key component of this partnership is the integration of Fireblocks’ “Off Exchange” service, which allows investors to trade on Deribit while keeping their assets securely custodied with Sygnum. This eliminates the need to pre-deposit funds on the exchange, significantly reducing exposure to exchange-related risks such as insolvency or security breaches.

Boost for Institutional Crypto Adoption?

One of the primary barriers to institutional crypto adoption has been the requirement to transfer funds to exchanges before trading. This exposes investors to counterparty risk and potential loss in case of exchange failures. By leveraging Sygnum’s regulated custody services, institutional clients can now trade with confidence, knowing their funds remain within a bank-grade security framework.

Fireblocks’ secure Multi-Party Computation (MPC) technology plays a crucial role in facilitating this solution. It enables non-custodial settlement, ensuring that funds are only transferred when trades are executed, thereby improving capital efficiency and security for institutional market participants.

Strategic Growth for Deribit, Sygnum, and Fireblocks

This partnership is a significant milestone for Deribit as it seeks to expand its institutional client base. By offering a more secure trading environment, the exchange is positioning itself as a preferred choice for hedge funds, family offices, and other institutional investors looking to trade crypto derivatives.

For Sygnum, this collaboration reinforces its role as a trusted banking partner in the digital asset industry. The Swiss-regulated crypto bank continues to expand its range of institutional services, bridging the gap between traditional finance and the digital asset economy.

Fireblocks, a leading provider of digital asset security solutions, benefits from further adoption of its “Off Exchange” service. As more institutions prioritize security in crypto trading, Fireblocks’ infrastructure is becoming an industry standard for safe and efficient asset transfers.

Thus, as institutional interest in digital assets grows, ensuring secure and efficient trading solutions remains a top priority. The partnership between Deribit and Sygnum Bank, facilitated by Fireblocks’ technology, marks a significant advancement in institutional crypto trading security. By offering a regulated, bank-grade custody and settlement solution, this initiative paves the way for greater institutional participation in the crypto derivatives market while setting new security standards for the industry.

 

The post Deribit partners with Crypto Bank Sygnum to Enhance Institutional Crypto Trading Security appeared first on CoinGape.

What To Expect From Ethereum (ETH) in April?

The leading altcoin, Ethereum, experienced a challenging month in March, marked by a series of bearish trends that reflected a broader market slowdown. 

However, as the market begins to show signs of recovery, the key question for April remains: Can Ethereum regain its bullish momentum?

Ethereum’s March Woes: Price Crash, Activity Slump, and Growing Supply Pressure

On March 11, Ethereum plummeted to a two-year low of $1,759. This prompted traders to “buy the dip,” triggering a rally to $2,104 by March 24. 

However, market participants resumed profit-taking, causing the coin’s price to fall sharply for the rest of the month. On March 31, ETH closed below the critical $2,000 price level at $1,822. 

Amid ETH’s price troubles, the Ethereum network also experienced a severe decline in activity in March. Per Artemis, the daily count of active addresses that completed at least one ETH transaction fell by 20% in March.

As a result, the network’s monthly transaction count also plummeted. Totaling 1.06 million during the 31-day period in review, the number of transactions completed on Ethereum fell by 21% in March. 

Ethereum Network Activity
Ethereum Network Activity. Source: Artemis

Generally, as more users transact and engage with Ethereum, the burn rate (a measure of ETH tokens permanently removed from circulation) increases, contributing to Ether’s deflationary supply dynamic. However, when user activity drops, ETH’s burn rate reduces, leaving many coins in circulation and adding to its circulating supply. 

This was the case for ETH in March when it saw a spike in its circulating supply. According to data from Ultrasound Money, 74,322.37 coins have been added to ETH’s circulating supply in the past 30 days.

Ethereum's Circulating Supply.
Ethereum’s Circulating Supply. Source: Ultrasound Money

Usually, when an asset’s supply spikes like this without a corresponding demand to absorb it, it increases the downward pressure on its price. This puts ETH at risk of extending its decline in April.

What’s Next for Ethereum? Expert Says Inflation May Not Be a Major Concern

In an exclusive interview with BeInCrypto, Gabriel Halm, a Research Analyst at IntoTheBlock, noted that ETH’s current inflationary trends “may not be a major red flag” to watch out for in April.

Halm said:

“Even though Ethereum’s supply has recently stopped being deflationary, its annualized inflation rate is still only 0.73% over the last month, which is still dramatically lower than pre-Merge levels and lower than that of Bitcoin. For investors, this moderate level of inflation may not be a major red flag, provided that network usage, developer activity, and institutional adoption remain robust.”

Moreover, regarding whether Ethereum’s declining network activity has played a significant role in its recent price struggles, Halm suggested that its impact may be overstated.

“Historically, from September 2022 to early 2024, Ethereum’s supply remained deflationary, yet the ETH/BTC pair still trended lower. This suggests that macroeconomic and broader market forces can play a far more significant role than token supply changes alone.”

ETH/BTC Market Cap Comparison.
ETH/BTC Market Cap Comparison. Source: IntoTheBlock

On what ETH holders should anticipate this month, Halm said:

“Ultimately, whether Ethereum dips or rallies in April will likely depend more on market sentiment and macro trends than on its short-term supply dynamics. Still, it’s essential to keep an eye on network developments that could spur renewed activity and reinforce ETH’s leading position in the broader crypto landscape.”

The post What To Expect From Ethereum (ETH) in April? appeared first on BeInCrypto.