crtypto & forex news

The previous week was quite interesting for Bitcoin as it recovered the $88,000 mark but faced significant resistance at this level, leading to a pullback near $81,000. During this movement, BTC saw notable selling pressure from investors who sold their holdings at a loss. Persistent Negative Bitcoin Short-Term Holder SOPR Bitcoin’s bearish pressure is intensifying as it struggles within the $83,000 and $82,500 price range after a drop from the $88,000 level. Thus far, Short-term holders seem to be taking the ongoing volatility in the market harder than long-term holders. A recent research shared by on-chain and technical expert Darkfost on X (formerly Twitter) has outlined a persistent trend among short-term Bitcoin holders. Darkfost revealed the trend after delving into the Bitcoin Short-Term Holders Spent Output Profit Ratio (SOPR) Multiples metric, which compares the realized selling price with the original purchase price. This development indicates that short-term holders a...

In a post on X this past weekend, Quinn Thompson, Chief Investment Officer (CIO) of Lekker Capital, declared that Ethereum (ETH) is “completely dead” as an investment. His comments sparked a flurry of responses from prominent figures in the crypto industry, including Nic Carter of Castle Island Ventures, Columbia Business School professor Omid Malekan, and VB Capital’s Scott Johnsson. Thompson, who oversees investments at Lekker Capital, set off the debate with a post stating: “Make no mistake, ETH as an investment is completely dead. A $225 billion market cap network that is seeing declines in transaction activity, user growth and fees/revenues. There is no investment case here. As a network with utility? Yes. As an investment? Absolutely not.” He also shared a set of metrics to underscore Ethereum’s recent stagnation, including data on active addresses, transaction counts, and new address creation. Is Ethereum ‘Dead’ As An Investment? The provocative statement attracted immedia...

In an interview on The Wolf of All Streets podcast, Cardano founder Charles Hoskinson revealed new details about Cardano’s next major scalability upgrade, Leios, positioning it as a game-changing protocol enhancement designed to deliver “Solana-style speed” without sacrificing the project’s core commitments to decentralization and resilience. “Leios is going to give us Solana-style speed but with full decentralization and no stalls,” said Hoskinson, drawing a deliberate contrast to Solana’s performance profile, which has delivered industry-leading throughput at the cost of periodic network failures and validator centralization concerns. With Leios, Cardano is attempting to do what no other Layer 1 has achieved to date: combine throughput that can rival Solana’s with operational uptime and decentralization that match—or exceed—Bitcoin’s. What Is Cardano’s Leios? Leios is part of Cardano’s multi-pronged scaling strategy designed to increase the base layer’s throughput through parall...

In a puzzling development, two prominent crypto figures have voiced contrasting opinions over the settlement deal between Galaxy Digital and the Office of the New York Attorney General (NYAG). On March 28, it was revealed the crypto investment firm led by Michael Novogratz has struck agreements to pay a $200 million fine to the State of New York over the promotion of the now-defunct Terra (LUNA) token. In an assurance of discontinuance statement, the NYAG stated that Galaxy Digital purchased 18.5 million LUNA from Terraform labs under the leadership of Do Kwon at a 30% discount from the market price in 2020. Thereafter, the NYAG claimed that Digital Galaxy actively participated in driving the market demand that pushed LUNA’s value from $0.31 in October 2020 to $119.18 in April 2022, while actively selling its holdings for profit. Unfortunately, the LUNA market crashed in May 2022 wiping off $40 billion in investments from the crypto market. The NYAG explains that Galaxy Digital’s mi...

The bulls are losing their grip as Bitcoin confirms a bearish rising wedge breakdown, threatening its recent gains. After struggling to hold key support levels, BTC has now sliced through critical trendlines, opening the door for a deeper correction toward $73,919—a level that could determine whether this is a healthy pullback or the start of a steeper decline. With selling pressure intensifying and market sentiment turning cautious, traders are watching closely to see whether Bitcoin can find stability. If the bears maintain control, BTC could face even steeper declines. Bearish Momentum Strengthens: Signs Of Further Downside After breaking out of the rising wedge pattern, Bitcoin has extended its bearish momentum, signaling a shift in control from bulls to bears. The breakdown from this classic reversal pattern has triggered a wave of selling pressure . BTC’s inability to reclaim lost ground further confirms the bearish outlook, as each recovery attempt is met with stronger re...

The price of Ethereum appeared to be back on its way to recovery, reclaiming the psychological $2,000 level earlier in the week. However, the altcoin was among the crypto assets heavily impacted by the latest inflation data in the United States, returning below $2,000. This latest correction highlights the struggles of the Ethereum price over the past few months, underperforming even in the midst of a market-wide bull run. Interestingly, a prominent indicator has flashed the imminence of a bottom for the second-largest cryptocurrency. Is ETH Ready For A Rebound? In a March 28 post on the X platform, Chartered Market Technician (CMT) Tony Severino shared that a critical indicator for the Ethereum price is at 2018 bear market levels. The crypto expert suggested that the altcoin could be gearing up for a rebound from its recent lows. This analysis is based on recent changes in the 1-month relative strength index (RSI) indicator on the Ethereum monthly chart. The relative strength in...

US President Donald Trump has granted presidential pardons to the three co-founders of the BitMEX crypto exchange following a lengthy legal debacle with the US Department of Justice (DOJ). BitMEX and its co-founders were found guilty of violating the Bank Secrecy Act. The US Government Vs. BitMEX In 2020, the DOJ accused BitMEX of running a crypto trading platform that failed to implement Anti-Money Laundering (AML) measures thereby violating the Bank Secrecy Act. According to the US prosecutors, BitMEX knowingly solicited business from US markets requiring only users to provide an email as opposed to a basic know-your-customer procedure. In 2022, Arthur Hayes, Benjamin Delo, and Samuel Reed who had together begun BitMEX in 2014, pled guilty to the charges by the DOJ. All parties including Gregory Dwyer, who had served as Head of Business Development and was facing similar charges were ordered to serve varying lengths of probation and pay a total fine of over $30 million. Two year...

Popular CryptoQuant analyst Maartunn reports that 8,000 Bitcoin (BTC) which have been dormant for five to seven years have been moved suddenly, adding to current bearish concerns in the crypto. This development comes after a rather adventurous week as BTC prices struggled to break above $89,000 , following an initial steady bullish climb, before succumbing to heavy selling pressures driven by US President Donald Trump’s hawkish tariff policy. $674 Million In Old BTC Transfers In Single Block – Cause For Alarm? The Spent Output Age Bands is a crucial metric to measure how long Bitcoin tokens remain inactive before moving. According to Maartuun in an X post, this metric has recently revealed that 8,000 BTC worth $674 million that was last transferred between 2018 and 2020 have been moved recently in a single block drawing significant market attention. This transfer follows a string of recent activations of dormant Bitcoin stashes. On March 24, a 14-year inactive Bitcoin wallet sudden...

Bitcoin is once again under pressure, trading below crucial demand levels as bearish momentum builds. After a brief period of optimism and a minor upswing, selling pressure has returned, dragging BTC lower and raising concerns about a deeper correction. The shift in sentiment comes as broader financial markets remain fragile, with ongoing macroeconomic instability and geopolitical uncertainty continuing to shake investor confidence. Despite attempts to reclaim higher ground, Bitcoin has failed to hold key levels, and momentum now favors the bears. Traders and analysts are closely watching the next resistance zones, which will likely determine the short-term direction of the market. According to on-chain data from CryptoQuant, Bitcoin now faces three significant resistance levels . The first sits at $89,000, representing the realized price for short-term holders in the 3–6-month range. The second key level is $90,000, the overall realized price for all short-term holders. Finally, the...

The Ethereum price has been in a sharp decline in the past months, underperforming compared to Bitcoin (BTC) and Solana (SOL). Despite its unwillingness to experience a significant price increase, a crypto analyst has revealed his bullishness for ETH, predicting a potential recovery to $4,000 before the end of the bull cycle. Ethereum Price Projected To Reach $4,000 Crypto analyst Astronomer has announced his bullishness on the Ethereum price outlook , predicting a potential rally to $4,000. In a rather lengthy post on X (formerly Twitter), the analyst highlights several technical signals that suggest ETH could soon revisit this key price target. Notably, the ETH price is positioned at a clear support zone between the $1,700 and $1,900 range. Historically, this range has acted as a launch pad for recoveries, with previous declines to this area triggering a strong price surge . While Ethereum has underperformed against Solana during this bull market, it has still doubled since ...

In an interview with David Gokhshtein, Cardano founder Charles Hoskinson shed light on his deep ties to the US government under President Donald Trump. Throughout the discussion, Hoskinson revealed ongoing legislative engagements, potential blockchain collaborations, and insights into how Cardano might serve large-scale systems like national elections. Cardano Founder’s Ties To US Politics One of Hoskinson’s most striking comments addressed the prospect of a government-level blockchain deployment. Specifically, he noted how a hypothetical decision by the US government to adopt Cardano for elections could have far-reaching implications: “If the US government was building a blockchain solution, let’s say they chose Cardano to run elections, then you’re stockpiling ADA to maintain the fuel to pay for your election system—a different consideration than a speculative interest.” During the interview, Hoskinson also alluded to his advisory roles in Washington, D.C., referencing discussion...

A new technical analysis on TradingView suggests that Shiba Inu’s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu’s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and November 2024, patterns that preceded a significant rally. The analysis outlines a clear path that could lead to a notable price surge towards $0.00003 if these price patterns continue to play out. Pattern Analysis Suggests Shiba Inu May Be Ready For A Big Upside Move The entire analysis is grounded on the idea that crypto markets are cyclical and exhibit recurring behaviors, crowd psychology, and recognizable chart patterns. Notably, this analysis uses four distinct pattern stages that played out on the Shiba Inu daily candlestick timeframe chart. The TradingView analyst began by highlighting the completion of a falling wedge pattern...

The Blockchain Group, a France-based blockchain solutions firm, recently announced its largest Bitcoin (BTC) purchase to date, acquiring 580 BTC. This marks the company’s third BTC acquisition since it began buying the digital asset in November 2024. The Blockchain Group Buys 580 Bitcoin In its most significant BTC acquisition so far, The Blockchain Group has purchased 580 BTC for approximately $50.64 million at an average price of $88,020 per coin. According to the announcement, the purchase was made through its Luxembourg-based subsidiary. Notably, the acquisition was financed through proceeds raised from a convertible bond issuance announced on March 6. The move aligns with the firm’s Bitcoin Treasury strategy. To recall, The Blockchain Group made its first BTC purchase in November 2024, acquiring 15 BTC at an average cost of $68,785 per coin. Its second purchase followed in December 2024, when it bought 25 BTC at an average price of roughly $97,692. Following its latest acqui...

Bitcoin is trading steadily above the $85,000 mark, but upward momentum remains limited as the $88,000 to $91,000 liquidity zone acts as a major resistance. This range, which previously supported price action, has now flipped into a critical barrier that bulls have yet to reclaim. Until a decisive breakout occurs, Bitcoin is likely to remain trapped in a narrow range, facing pressure from both technical and macroeconomic headwinds. Trade war fears and rising global economic tensions continue to weigh on investor sentiment, contributing to increased volatility across financial markets. These macro uncertainties are playing a key role in shaping short-term price movements, keeping traders cautious despite signs of underlying strength. On-chain data from CryptoQuant reveals a notable shift in supply dynamics. Over the last five months, supply from major Bitcoin holders — often referred to as whales — has declined significantly, with a total reduction of 290,000 BTC. This reduction point...

Moein Haddadian, a TradingView crypto analyst, has unveiled a new Dogecoin price prediction , suggesting that a breakout is on the horizon. The analyst highlights key resistance levels that must be cleared before the popular meme coin experiences a price recovery above the $0.3 threshold.  Dogecoin Price Faces Resistance On Path To Recovery Dogecoin has been struggling to regain its upward momentum after trading within a clear downtrend for months now. However, the meme coin’s recent price action suggests that its current momentum may be shifting from bearish to bullish .  According to Haddadian’s Dogecoin chart analysis, the meme coin recently broke above a descending trendline , signaling that sellers may be losing control. The analyst highlights the $0.25 price point as a critical resistance level for DOGE, indicating that a confirmed breakout above this point is crucial for bulls to establish dominance and solidify a bullish trend.  If bulls manage to push the...

Technical expert Tony Severino has revealed why he is no longer bullish on BTC and other crypto assets amid the recent Bitcoin price drawdown. The analyst had also earlier raised the possibility of the flagship crypto dropping to as low as $22,000.  Expert Reveals Why He Is No Longer Bullish Amid Bitcoin Price Drawdown In an X post , Severino alluded to market cycles and the Elliott Wave Theory to explain why he is no longer bullish on BTC and other crypto assets. In his accompanying chart, he highlighted the fact that the Bitcoin price recorded a 100% on both Wave 1 and Wave 5 in this bull run , which dates back to around November 2022.  The expert explained that this suggests the top is in, as Wave 1 and Wave 5 typically record similar price gains. However, the analyst noted that there is still the possibility of the Bitcoin price going higher since it could record a similar gain to the one recorded in Wave 3 after the Bitcoin ETFs launched last year.  Based on E...

Folks are paying a lot more attention to ShibaSwap lately. This trading platform, linked to the Shiba Inu cryptocurrency, has seen some pretty big changes in how much trading is happening. In fact, the increase in trading volume on ShibaSwap is happening faster than on some of the more well-known decentralized exchanges out there. Trading Volume Takes Off New numbers show that ShibaSwap has had a really good week. The amount of buying and selling on the platform shot up by a massive 244%. That means the total value of trades in the last seven days reached $10 million. Just the week before, it was only around $2.93 million. This huge jump in activity is the biggest ShibaSwap has seen since the middle of January, when the trading volume was $12.50 million. It seems like people are getting interested in ShibaSwap again, and this lines up with a general positive feeling around the Shiba Inu project. ShibaSwap’s total trading volume over the last month is now $20.12 million. If you a...

Renewed bullish momentum in the broader crypto market has triggered an upward moment for Dogecoin to revisit the $0.19 price mark. DOGE’s recent upswing reflects its robust resilience in an unfavorable market condition that caused significant fear and uncertainty in the sector due to United States President Donald Trump’s Tariff decisions. DOGE Attempting A Bullish Breakout Dogecoin’s recent price action shows that the dog-themed meme coin is likely to undergo a notable breakout in the near term. Crypto content creator and analyst Trader Tardigrade has pointed out a positive development on DOGE’s chart, which hints at a possible rally shortly.  Delving into Dogecoin ‘s performance in the daily time frame, Trader Tardigrade reveals that DOGE is showing signs of renewed strength as its price draws closer to a potential breakout from a Descending Trendline. The chart shows that the meme coin has previously tried to break out from the trendline but failed, and now it is making ano...

Ethereum has been weighed down by persistent downward momentum, and even a near-term rally may not be enough to shift the broader trend immediately. As it stands, the ETH price is now at an important technical moment, with crypto analyst Tony “The Bull” Severino warning of a possible close below a significant long-term indicator.  With just days remaining in the first quarter of 2025, Severino took to the social media platform X to highlight the implications of Ethereum’s position relative to its 3-month Bollinger Band basis, which could spell trouble. Ethereum Faces A Technical Threat On The Quarterly Timeframe Chart Crypto analyst Tony “The Bull” Severino has sounded the alarm on Ethereum’s quarterly chart. In a recent post on social media platform X, Severino pointed to the 3-month Bollinger Band basis, saying Ethereum’s price is in danger of closing below it. There’s now less than a week remaining in Q1, and the analyst warned, “There are seven days left to save Ethereum f...

Bitcoin has reclaimed the $85,500 level after a strong move to the upside, reigniting hopes for a push toward the psychological $90,000 mark. However, despite the recent bullish momentum, uncertainty continues to weigh heavily on global financial markets. Fears of an escalating trade war and broader macroeconomic instability are keeping investors cautious, even as Bitcoin shows signs of strength. In the midst of this volatile environment, concerns about declining market liquidity have surfaced. Recent media reports claimed that Bitcoin liquidity is sharply dropping due to slowing capital inflows. However, on-chain data from CryptoQuant suggests otherwise. The slowdown in Bitcoin’s Realized Capitalization growth — currently at +0.6% per month — reflects a reduction in new capital entering the market, not an actual decrease in liquidity. Drawing conclusions about declining liquidity based solely on a deceleration in growth is misleading. As BTC hovers below $90,000 , market participant...