Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC. Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend. US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView […]
Ripple’s XRP (XRP), the third-largest cryptocurrency by market cap, gained national recognition after President Donald Trump mentioned the “valuable cryptocurrency” alongside BTC, ETH, SOL, and ADA as part of a planned US strategic crypto reserve. Trump’s executive order on March 6 established a new structure for the altcoins — the Digital Asset Stockpile, managed by the Treasury. While the crypto community remains divided on whether XRP is truly as valuable as President Trump suggests, a closer look at the altcoin’s […]
Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $85,000 on March 17. Since March 12, BTC price formed daily candle highs between $84,000 and $85,200, but has been unable to close above $84,600. Bitcoin 1-hour chart. Source: Cointelegraph/TradingView Bitcoin remains in “no man’s land” on the lower time frame (LTF) of the 1-hour chart. This term in trading markets is defined as a price range where movements are characterized by uncertainty, significant risk, and dynamic tension due […]
Dogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin’s richest holders have accumulated during the price declines, indicating their confidence in a potential rebound in the coming weeks. Dogecoin onchain metrics hint at price rebound Onchain data from Santiment shows that wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices. Meanwhile, active addresses have surged to a four-month high, suggesting rising network activity. Dogecoin […]
Solana futures (SOL) on the Chicago Mercantile Exchange (CME) went live on March 17, with a trading volume of $12.1 million on day 1, which fell short compared to Bitcoin (BTC) and Ethereum’s (ETH) CME futures debut. CME Crypto futures comparison by Vetle Lunde. Source: X.com Vetle Lunde, Head of Research at K33Research, compared the difference between Bitcoin (BTC), Ether (ETH) and Solana (SOL) CME futures trading performances on their launch day, and it is clear that SOL’s CME futures […]
At the start of the week, Bitcoin (BTC) price succumbed to pressure from sellers, declining from $84,500 on March 17, to $81,300 at the time of writing. This downward movement was most likely a sell-off related to the Federal Open Market Committee’s (FOMC) two-day meeting, which takes place on March 18-19. Federal Open Market Committee (FOMC) meetings tend to act as market resets. Each time the FOMC meets to deliberate on US monetary policy, crypto markets brace for impact. Historically, […]
Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year. Ether’s repeat breakdowns point to more downside The relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a […]
Ether (ETH) price fell below $2,200 on March 9 and has struggled to recover since. The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period. Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network. Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama DEX […]
On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury. ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why […]
XRP (XRP) price has recovered from its low of $1.89 reached on March 11, but it’s still trading below a key resistance zone. Will XRP’s price sustain the recovery or drop further in the coming days? XRP/USD daily chart. Source: Cointelegraph/TradingView XRP funding rates show bearish sentiment One of the clearest signs that there is more trouble ahead for XRP is the presence of negative funding rates and decreasing open interest (OI) in its futures markets. Related: XRP’s role in […]