Shiba Inu’s layer-2 network, Shibarium, has officially crossed one billion total transactions, a significant achievement for the ongoing push to expand beyond meme coin status. Shibarium’s growth stems from steady activity and the adoption of the layer-2 network within the broader Shiba Inu ecosystem. However, this major milestone hasn’t translated into positive momentum for SHIB’s price, which has been under bearish pressure for weeks now alongside the rest of the crypto market. Shibarium Surpasses 1 Billion Transactions With Intensifying Network Activity The launch of Shibarium in August 2023 marked a turning point for the meme cryptocurrency’s ecosystem. The goal of the layer-2 network was to improve the speed and lower the cost of Shiba Inu transactions on the Ethereum blockchain. Since its launch, Shibarium has consistently increased user participation, smart contract deployments, and daily transactions. Related Reading: Shiba Inu’s Shibarium Records Heartbreaking 96% Crash In Transactions, What’s Going On? According to data from Shibariumscan, total transactions have now exceeded the one billion mark, showcasing the sheer amount of activity the network has processed. At the time of writing, Shibarium boasts 1,012,261,457 transactions processed in 10,284,922 blocks and 194,705,571 addresses created. Daily transaction volumes frequently reach the millions, sometimes tens of millions, during periods of high activity in the wider crypto market. Notably, the number of transactions processed on the Shibarium network in the past 24 hours has reached 2.75 million, with an even larger 4.11 million processed in the previous 24-hour timeframe. However, despite the milestone and notable transaction activity, SHIB has failed to make any meaningful price gains. Why Is Shiba Inu Price Still Struggling And Holding Flat Near $0.000012? SHIB’s price performance has been far less encouraging despite Shibarium’s transaction milestone. Since its launch, major milestones tied to the Layer-2 network have often led to increased buying activity. During earlier stages of Shibarium’s rollout, even modest developments were enough to spark rallies or at least short-term price jumps for SHIB. Related Reading: Shiba Inu Burn Update: 99.44% Daily Burn Crash Could Spell Trouble For Meme Coin However, the correlation between Shibarium milestones and SHIB’s price has finally detached, and the hype has finally faded. Shibarium is now only a strong part of the Shiba Inu ecosystem, but its ability to influence the sentiment among crypto investors and price action has diminished. However, outside this detachment, the crypto markets have been generally bearish for a while. The entire crypto landscape has experienced a persistent pullback since early March, with many large-market-cap cryptocurrencies struggling to find upward momentum. Bitcoin and other major cryptocurrencies have been on a pullback, which was recently made worse by Donald Trump’s tariffs announcement. Over the past seven days, SHIB has been locked around the $0.000012 level and is currently down by 9.4%. The absence of strong buying interest has kept SHIB’s price trapped within this tight downfall, and there is even a risk of it falling below $0.000012 anytime soon. At the time of writing, Shiba Inu is trading at $0.00001210, down by 1.2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
The crypto market watches with bated breath as XRP teeters at $1.97, a battleground where bullish conviction clashes with bearish determination. After a retreat from recent highs, the digital asset now faces a critical test. The current standoff mirrors the broader tug-of-war in crypto markets, where sentiment shifts rapidly and key price levels dictate the next major move. For XRP, $1.97 isn’t just another number; it’s a line in the sand. A decisive hold here could reignite upward momentum, while a breakdown may embolden the bears. Market Sentiment: Fear, Greed, Or Indecision? According to Grumlin Mystery, a well-known crypto analyst, XRP is likely to experience a further downside in the near future, potentially dropping to $1.96. In his March 30th post on X, he highlighted that a decrease in liquidity within the crypto market is playing a crucial role in weakening XRP’s price stability, driven by the impact of US tariffs and the implementation of Trump’s policy changes. Related Reading: XRP Recovery Stalls—Are Bears Still In Control? Grumlin pointed out that restrictive trade policies and economic uncertainty have led to a slowdown in capital flow into riskier assets like cryptocurrencies. With reduced liquidity, market participants have less buying power, making it easier for bears to push prices lower. He warned that if these economic conditions persist, XRP could struggle to find strong support, and a drop below $1.96 could trigger further declines. This drying up of liquidity has allowed sellers to gain the upper hand, exerting downward pressure on prices. As a result, XRP’s ability to hold support at $1.96 remains uncertain, and unless market conditions improve, a deeper correction could be on the horizon. Grumlin Mystery further elaborated that a sharp change in Trump’s rhetoric regarding tariffs remains highly unpredictable, making it difficult to gauge its full impact on the financial markets, including cryptocurrencies. While many initially believed that Trump’s stance would be a major positive catalyst for the crypto market, the reality appears to be more complex. The analyst emphasized that market uncertainty is increasing as traders struggle to anticipate the next move in U.S. economic policy. If Trump maintains or intensifies his tariff approach, it could further tighten liquidity conditions, making it even harder for XRP to sustain bullish momentum. Possible Scenarios For XRP If buyers successfully defend the $1.96 level, XRP could see renewed upside momentum. A bounce from this support zone might trigger a rally toward $2.64, where the next resistance lies. A breakout above this level raises the potential to $2.92 or even $3.4, confirming a bullish recovery. Increased trading volume and improving market sentiment would be key indicators of this scenario playing out. Related Reading: XRP Price Prediction For April: Analyst Explains What To Expect Sellers’ failure to maintain control and XRP’s failure to hold above $1.96 may cause a sharper decline. In this case, the next critical support levels to watch would be $1.70 and $1.34. Breaking below these levels could expose the asset to more losses to $0.93 or lower. Featured image from iStock, chart from Tradingview.com
The panel voted to advance the confirmations of Paul Atkins to run the SEC and Jonathan Gould to lead the OCC, both of which would have a big say in crypto.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Bitcoin price plunged by 7.2%—from $88,526 to $82,150—within the span of four hours following the reciprocal tariff announcement by US President Donald Trump on Wednesday. The precipitous drop aligns with a broader market rout set off by what has been described as one of the largest tariff packages in modern US history. Bitcoin Crashes After Trump’s Tariff Bombshell On Wednesday afternoon, markets were jolted by a sweeping set of “reciprocal tariffs” that President Trump claimed would be levied on 185 countries “all at once.” The news sent ripples across global finance, with the S&P 500 futures market reportedly shedding $2 trillion of market capitalization in under 15 minutes. According to The Kobeissi Letter (via X): “Reciprocal tariffs are officially HERE: President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history. S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes. ” Related Reading: Bitcoin’s Fate Hinges on This Critical ‘Dead Cross’ Signal — What’s Next for BTC? The initial press coverage noted a 10% baseline tariff. However, as Trump spoke, the scheme’s complexity and scope became more apparent. He clarified that tariffs would be “reciprocal” but set to half of whatever rate another country currently imposes on US goods—a figure well beyond the 10% baseline in many cases. China, for instance, reportedly applies 67% tariffs on certain imports from the United States, suggesting a 34% tariff reciprocally aimed at Chinese imports. Meanwhile, the European Union could face a 20% tariff. “This is VASTLY different than a 10% tariff across the board,” The Kobeissi Letter pointed out, adding that these significantly higher rates created massive volatility. At one point in Trump’s announcement, the S&P 500 futures reversed from being up 2% to dropping 4%—an abrupt 6-percentage-point swing in under 20 minutes. By the time the “Make America Wealthy Again Event” concluded, the markets had sustained those losses, with Nasdaq 100 futures indicating a potential 500-point decline from prior levels. Bitcoin, which was up 8.9% since Monday morning, instantly experienced the same turmoil, shedding 7.2% of its value. Julio Moreno, Head of Research at CryptoQuant, remarked via X: “I hope Bitcoiners learn that Trump’s tariffs are a net negative for Bitcoin and the US economy.” Related Reading: Is The Bitcoin Bull Run Over? Watch This Key Price He further elaborated: “Trump has introduced too much uncertainty to the world economy with his tariffs. There’s a high enough chance of recession if the tariffs last long enough. This of course has hit Bitcoin and crypto prices in spite of a positive regulatory environment and [the Strategic Bitcoin Reserve].” Economic Projections While the precise long-term effects remain unclear, several prominent institutions have already issued forecasts. JPMorgan analysts warn: “On a static basis, today’s announcement would raise just under $400 billion in revenue, or about 1.3% of GDP, which would be the largest tax increase since the Revenue Act of 1968. We estimate that today’s announced measures could boost PCE prices by 1–1.5% this year… This impact alone could take the economy perilously close to slipping into recession. And this is before accounting for the additional hits to gross exports and to investment spending.” Simultaneously, The Kobeissi Letter noted that the average US tariff rate—once the new set of duties is enforced—could exceed levels not seen since World War II. They cautioned that the White House’s targeted tariff revenue of $600 billion per year may be optimistic, suggesting only half that amount might materialize based on current data. Additional exemptions—such as copper, pharmaceuticals, semiconductors, and lumber—amplified the confusion, indicating that the tariffs will vary widely by sector and country of origin. UBS, as quoted by The Kobeissi Letter, also raised the alarm about inflation: “BREAKING: UBS says a permanent implementation of President Trump’s reciprocal tariffs would result in inflation rising to 5%. This would be a result of prices rising to ‘adjust to the higher costs of imports.’ We are on the verge of 5% inflation and negative GDP growth.” Although President Trump hinted at forthcoming “largest tax cuts in American history,” markets did not bounce back on that news. He specified that Medicare, Medicaid, and Social Security benefits would be spared from cuts, but investors and analysts appeared more focused on the immediate shock from the tariff package. At press time, BTC recovered to $83,207. Featured image created with DALL.E, chart from TradingView.com
By the end of the year, Matcha anticipates that most decentralized exchanges and aggregators will support Solana.
Bitcoin retreated to $86,000 in volatile action as the announcements were made.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday.
Technical expert Tony Severino has warned that the Bitcoin and altcoins Fischer Transform indicator has flipped bearish for the first time since 2021. The analyst also revealed the implications of this development and how exactly it could impact these crypto assets. Bitcoin And Altcoins Fischer Transform Indicator Turns Bearish In an X post, Severino revealed that the total crypto market cap 12-week Fisher Transform has flipped bearish for the first time since December 2021. Before then, the indicator had flipped bearish in January 2018. In 2021 and 2018, the total crypto market cap dropped 66% and 82%, respectively. This provides a bearish outlook for Bitcoin and altcoins, suggesting they could suffer a massive crash soon enough. Related Reading: Bitcoin Fischer Transform Returns To 2022 Bear Levels, Why Max Pain Could Continue For 4 Months In another X post, the technical expert revealed that Bitcoin’s 12-week Fischer Transform has also flipped bearish. Severino noted that this indicator converts prices into a Gaussian normal distribution to smooth out price data and filter out noise. In the process, it helps generate clear signals that help pinpoint major market turning points. Severino asserted that this indicator on the 12-week timeframe has never missed a top or bottom call, indicating that Bitcoin and altcoins may have indeed topped out. The expert has been warning for a while now that the Bitcoin top might be in and that a massive crash could be on the horizon for the flagship crypto. He recently alluded to the Elliott Wave Theory and market cycles to explain why he is no longer bullish on Bitcoin and altcoins. He also highlighted other indicators, such as the Parabolic SAR (Stop and Reverse) and Average Directional Index (ADX), to show that BTC’s bullish momentum is fading. The expert also warned that a sell signal could send BTC into a Supertrend DownTrend, with the flagship crypto dropping to as low as $22,000. A Different Perspective For BTC Crypto analyst Kevin Capital has provided a different perspective on Bitcoin’s price action. While noting that BTC is in a correctional phase, he affirmed that it will soon be over. Kevin Capital claimed that the question is not whether this phase will end. Instead, it is about how strong Bitcoin’s bounce will be and whether the flagship crypto will make new highs or record a lackluster lower high followed by a bear market. Related Reading: Bitcoin CME Gap Close About To Happen With Push Toward $83,000 – What Happens Next? The analyst added that Bitcoin’s price action when that time comes will also be trackable using other methods, such as money flow, macro fundamentals, and overall spot volume. The major focus is on the macro fundamentals as market participants look forward to Donald Trump’s much-anticipated reciprocal tariffs, which will be announced tomorrow. At the time of writing, the Bitcoin price is trading at around $83,000, up around 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Trump's March executive order to establish the reserve aligned closely with policy recommendations previously suggested by the think tank.
Bitcoin and other major cryptocurrencies added small gains in price late night Monday as investors await Trump's tariff annnouncement.
Amid the Bitcoin price struggles, crypto analyst BitQuant has pushed back against the idea that the top is in and instead provided a bullish outlook for the flagship crypto. He also remarked that he would reveal when the “real top” is in. Analyst Affirms Top Isn’t In Yet Despite The Bitcoin Price Stuggles In an X post, BitQuant was confident as he assured that the top isn’t in yet despite the Bitcoin price struggles. He noted that during the last cycle, market participants argued that $60,000 didn’t look like a top, even though it had a perfect textbook structure of one. Now, there is a panic although this top structure has yet to form in this market cycle. Related Reading: This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Here’s When The analyst stated that he understands the bearish sentiment but that this is likely because some market participants haven’t experienced the bull phase yet. He affirmed that when the real top is in for the Bitcoin price, and there is a 25% pullback, he will post his accompanying chart again. The analyst added that market participants would know for sure, without any guidance, whether the top is in or not. Crypto analyst Kevin Capital also suggested that the top isn’t in yet for the Bitcoin price. However, he admitted that the crypto is in a major correctional phase in the market. The analyst remarked that these corrections take time and asked market participants to stay patient while monitoring the macro data and monetary policy updates. Kevin Capital mentioned that much can be done in the meantime and claimed that this is what crypto is like. He added that most of the Bitcoin price gains are accomplished in a two-week period every year. Other times, the flagship crypto simply trades sideways or witnesses significant declines. BTC Still Risks Dropping To As Low As $70,000 In a recent analysis, Kevin Capital predicted that the Bitcoin price could still drop to as low as $70,000. He stated that if BTC loses the golden pocket at $81,000 and follows through with that measured target, then the $70,000 to $73,000 range, which he has outlined on the higher time frames, would be the “Measured Move” target. Related Reading: Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support The analyst also remarked that there are lots of factors this week that will influence price action. One is Donald Trump’s tariff implementation on April 2nd, which he suggested could be a buy-the-news event in the sense that BTC has also priced into the effects of the proposed tariff and could surge once the event occurs. Kevin Capital also highlighted other macro factors, such as the labor market data at the end of the week. Meanwhile, the US Treasury run-off will decrease from $25 billion to $5 billion starting April 1st. The analyst admitted that it remains uncertain whether these events have an immediate sentiment effect or even affect the sentiment at all. At the time of writing, the Bitcoin price is trading at around $82,000, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The company's holdings now total 528,185 BTC — around 2.5% of the total 21 million bitcoin supply — worth over $43 billion.
Bitcoin investors added $195 million to global products while altcoin-based funds saw net inflows for the first time in five weeks.
Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship crypto’s future trajectory. Specifically, he alluded to BTC’s RSI, which is showing a similar pattern to last year, just before the rally to new highs. Bitcoin’s RSI Targeting Daily Retest That Triggered 2024 Price Rally In an X post, Rekt Capital revealed that Bitcoin’s RSI is targeting a daily retest that triggered the 2024 price rally. He mentioned that last week, the daily RSI successfully performed a post-breakout retest of the RSI downtrend, which dates back to November 2024, to confirm the breakout. He added that the RSI is now going for another retest of that same downtrend. Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume The Bitcoin price rallied to $100,000 during this November 2024 period following Donald Trump’s victory in the US presidential elections. Rekt Capital’s accompanying chart showed that the RSI is retesting the 40 zone, with a break below this level likely to spark another downtrend for the flagship crypto. On the other hand, holding above this RSI level could spark another uptrend for BTC, sending its price to new highs. However, the Bitcoin price looks more likely to face another major correction at the moment, having dropped from its weekly high of around $88,500 to below $84,000 on Friday. Macro factors like Donald Trump’s tariffs and the US Federal Reserve’s quantitative tightening policies are weakening the flagship crypto’s bullish momentum. Trading firm QCP Capital opined that any short-term upside for the Bitcoin price remains capped as markets wait for clarity from Trump’s next move in the escalating trade war. The PCE inflation data, which was released on Friday, also sparked a bearish outlook for BTC as the core index rose beyond expectations. BTC Could Form Local Bottom At Current Price Level Crypto analyst Titan of Crypto suggested that the Bitcoin price could form a local bottom at its current price level. He noted that BTC is still holding above a strong confluence of supports, including the monthly Tenkan and midline of the monthly Fair Value Gap. The analyst added that the last two times BTC has held these supports, it has marked a local bottom. Related Reading: Popular Analyst PlanB Expects Bitcoin Price To Double In 2025 As Bear Market Is Not Here In an earlier post, Titan of Crypto had raised the possibility of the Bitcoin price rallying to $91,000 soon. He stated that a bullish pennant had formed on the 4-hour chart. According to him, if this pattern breaks to the upside, the BTC target is around $91,400. Meanwhile, legendary trader Peter Brandt looks bearish as he recently predicted that BTC could drop to as low as $65,635. At the time of writing, the Bitcoin price is trading at around $83,900, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The U.S. banking agency withdrew policies that contributed to crypt industry accusations that it pressured institutions to "debank" digital assets customers.
Grayscale follows VanEck in seeking the SEC's approval to launch an Avalanche ETF alongside a slew of recent crypto fund proposals.
Bpifrance's ability to make direct token investments became "much more urgent" in light of the United States' accelerating crypto strategy.
Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump's OCC nominee, Jonathan Gould, though crypto wasn't a central topic.
The new listings come more than three years after Interactive Brokers first launched its crypto trading services for BTC, ETH, LTC and BCH.
Crypto analyst Tony Severino has provided an update on the Bitcoin price action. The flagship crypto is now eyeing a bullish reversal, but the analyst warned of how things could still go wrong for BTC and mark the end of the bull run. Bitcoin Marks 114 Weeks In Active Buy Signal In an X post, Severino revealed that Bitcoin is still in an active buy signal on the SuperTrend weekly. He added that BTC has been in this buy signal for 114 weeks and roughly 800 days. This is undoubtedly a huge positive for the flagship crypto, especially as it looks to reclaim the psychological $90,000 level and rally to new highs. Related Reading: Is Bitcoin Price Headed For $70,000 Or $300,000? What The Charts Are Saying However, the crypto analyst warned that a sell signal would be a strong sign that the bull run has ended. His accompanying chart showed that the sell signal could send BTC into a Supertrend DownTrend, with the flagship crypto dropping to as low as $22,000 in what could mark the peak of the bear market. Crypto analyst PlanB recently affirmed that the bear market is not here yet. Instead, he believes Bitcoin is still in the middle of a sustainable uptrend and predicts that the flagship crypto’s price could double this year. This could lead to a parabolic rally to as high as $180,000 for BTC. Experts like Standard Chartered have also predicted that a rally to $200,000 this year is achievable. In the meantime, the focus will likely be on how the Bitcoin price reacts to Donald Trump’s reciprocal tariffs, which will go into force on April 2nd. The previous tariffs sparked a wave of sell-offs, causing BTC to drop to as low as $77,000. However, there is also the possibility that Bitcoin has priced in this development and could avoid any further downtrend when the tariffs are implemented on April 2nd. A New ATH This Year Is Possible Crypto analyst Titan of Crypto has also affirmed that Bitcoin could see a new all-time high (ATH) this year. This came as he remarked that BTC’s uptrend is intact and that the flagship crypto reacted strongly around the weekly 50-day Exponential Moving Average (EMA). His accompanying chart showed that Bitcoin could reach a new ATH of $121,000 before the year runs out. Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume In another X post, he again predicted that Bitcoin could reach this target while revealing a ‘Bump and Run’ pattern which was forming for the flagship crypto. Titan of Crypto asserted that the Uphill run will be epic. A positive for BTC is that whales are actively accumulating. Crypto analyst Ali Martinez revealed that over 22,000 coins were withdrawn from exchanges in the past week. At the time of writing, the Bitcoin price is trading at around $87,500, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
If Trump softens his stance, crypto markets could rise, but a tough approach may lead to a sharp decline, the analysts said.
As a result, on a risk-adjusted basis, now is the "best time in history to purchase bitcoin," Hougan argued.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to […]
The post World Liberty Financial releases USD1 stablecoin plans to ease pressure from scam clones appeared first on CryptoSlate.
The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.