THE LATEST CRYPTO NEWS

The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump’s announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.”  This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties. Short-Lived Crypto Rally Initially, president Donald Trump’s announcement led to impressive gains across the board. XRP surged by 32% in the hours following the news, while Solana saw a 27% increase, and Cardano jumped as well.  However, as the excitement settled, these gains began to fade. In the past 24 hours, XRP has lost 18% of its value, Solana is down 20%, Ethereum (ETH) 25%, and Cardano dropped 25%. Bitcoin, which had briefly rallied by 11%, also experienced a decline of 10% in the same period. Related Reading: Dogecoin To Join Trump’s Crypto Reserve? Elon Musk Reacts The backdrop of this rally was Trump’s announcement of a 25% tariff on goods imported from Canada and Mexico, a move that has raised concerns among both stock and crypto investors. The president indicated that the time for negotiation had passed, leading to immediate reactions in financial markets. Coinbase CEO Advocates For Bitcoin-Only Reserve  Despite the boost in interest from Trump’s declaration, details surrounding the establishment of the Crypto Strategic Reserve remain vague. While the president named the currencies to be included, he did not specify when the reserve would be operational or how the government intends to finance these assets.  This ambiguity leaves investors and industry leaders alike awaiting further clarification, particularly as Trump prepares to host the first cryptocurrency summit at the White House this Friday.  The event will reportedly feature prominent figures from the digital asset space, including founders, CEOs, and investors, and is expected to shed light on the administration’s plans. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Zach Pandl, head of research at Grayscale, noted the growing trend among investors to diversify their crypto holdings. He emphasized that while Bitcoin remains a focal point for many, the digital asset class is diverse, and investors are increasingly looking for a broader range of exposures similar to those in traditional asset classes. However, not all industry leaders are on board with the idea of a multi-asset reserve. Brian Armstrong, CEO of Coinbase, suggested that including just Bitcoin might be the simplest and most effective approach.  Coinbase’s CEO acknowledged the interest in diversification but proposed a market cap-weighted index of crypto assets as a potential alternative to maintain neutrality. So far, XRP has managed to consolidate at $2.30, down more than 32% from its record high of $3.40 reached during the 2018 bull cycle.  Featured image from DALL-E, chart from TradingView.com 

In a swift and dramatic reversal, crypto markets have shed hundreds of billions of dollars in the space of just one day, raising questions about the sustainability of recent gains spurred by the surprise announcement of a new US Crypto Reserve. At the peak of the initial rally—shortly after former President Donald Trump’s Sunday statement unveiling the Reserve—total crypto market capitalization soared from approximately $2.7 trillion to $3.1 trillion. But, as of the latest readings, those gains have not just evaporated; the market now stands at around $2.6 trillion, even lower than it was before the announcement. Why Is Crypto Down Today? “The real driver here is the GLOBAL move towards the risk-off trade,” writes The Kobeissi Letter (@KobeissiLetter) via X. According to this analysis, heightened trade war tensions and broad economic policy uncertainty have caused “ALL risky assets” to retrace sharply, including stocks, oil, and crypto. By contrast, traditional safe havens such as gold have continued to post gains, reinforcing the perception that cryptocurrencies are far from being a refuge in turbulent times. Related Reading: Flash Crashes On The Rise: Understanding The Recent $300 Billion Crypto Drop This sudden downturn has been accompanied by staggering figures. “Over the last 24 hours, crypto has erased -$500 BILLION of market cap in a massive reversal,” The Kobeissi Letter notes. Bitcoin, which initially appeared poised for a major rally, has tumbled roughly 3% below its pre-announcement levels, losing nearly $250 billion in market value in just 12 hours. Ethereum (ETH) has seen an even sharper retreat. Prior to the US Crypto Reserve news on Sunday, ETH touched a local low of $2,173 on March 2. Soon after the announcement, it climbed to $2,550 before plunging to $2,002—about 8% lower than its pre-announcement bottom. “This came with a huge swing in sentiment in what appears to have been a colossal retail trap,” The Kobeissi Letter adds, noting that the Crypto Fear & Greed Index surged from around 20 (extreme fear) to nearly 55 (close to greed) before cratering back to the low 20s. Adding to these signals, the final week of February registered a record $2.6 billion in crypto fund outflows—an alarming statistic that surpassed the previous high by $500 million. Observers suggest that, despite the “most bullish announcements ever,” capital is rotating out of cryptocurrencies primarily because of intensifying macroeconomic headwinds. Related Reading: Crypto Market Sees Record Flash Crashes, What’s Going On? Meanwhile, safe haven assets continue to outperform. “Our premium members were buying gold for months,” The Kobeissi Letter indicated, referring to a strategy that saw gold purchases during January’s dip. Since the start of the year, gold has climbed around 10%, with analysts forecasting further upside. “We bought the dip into January and called for $2,850+. On Friday, we called for another higher low at $2850 and gold is nearing $2900+ again now,” the market commentary stated. Where crypto was once considered an emerging hedge against economic uncertainty, current market behavior suggests it is now lumped in with other “risky assets,” driven at least as much by global sentiment shifts and macroeconomic pressures as by sector-specific developments. At press time, Bitcoin traded at $83,594. Featured image from Shutterstock, chart from TradingView.com

According to a recent Quicktake post by CryptoQuant analyst abramchart, short-term Bitcoin (BTC) investors are incurring losses, suggesting that the crypto market may have hit its bottom and a trend reversal could be on the horizon. Has Bitcoin Bottomed? Bitcoin experienced significant volatility over the past week, dropping from $96,000 on February 23 to $78,258 on February 27. However, it recovered most of its losses yesterday, rebounding to as high as $95,000. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains In the Quicktake post, abramchart highlighted the declining Spent Output Profit Ratio (SOPR) for BTC holders. For those unfamiliar, the SOPR measures the proportion of BTC wallets that have held the cryptocurrency for more than one hour but less than 155 days. According to SOPR, any value greater than 1 indicates that short-term investors are selling at a profit. Conversely, a value below 1 suggests that short-term investors are incurring losses. While a value under 1 may indicate bearish sentiment, it can also be seen as a sign of market capitulation, often followed by a potential trend reversal. The total crypto market cap surged by more than $200 billion yesterday, driven by US President Donald Trump’s announcement regarding the creation of a crypto reserve. As of today, the SOPR sits at 0.95, the lowest it has been since August 2024 when BTC was trading within a consolidation zone around the mid-$50,000 range. The post concludes: We have likely reached good accumulation zones for Bitcoin and are close to the bottom of the current wave. BTC Showing Signs Of Trend Reversal While predicting crypto markets can be difficult, some indications suggest that Bitcoin may be on the verge of a trend reversal after prolonged selling over the past month. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains For example, during its potential local bottom at $78,258, BTC partially filled a long-standing CME gap between $78,000 and $80,000. CME gaps often act as price magnets, and once filled, BTC typically moves in the opposite direction. Additionally, seasoned crypto analyst Ali Martinez pointed out that BTC has reached its most oversold level since August 2024. Martinez suggested that the high selling pressure on BTC might be nearing its end, potentially signaling a trend reversal. In related news, Andre Dragosch, European Head of Research at Bitwise, noted that despite the market pullback, BTC is flashing a massive contrarian buy signal, presenting an attractive risk-reward opportunity at current prices. On the other hand, Geoff Kendrick of Standard Chartered predicted that BTC may still experience further downside before resuming its bullish momentum. At press time, BTC is trading at $89,826, up 5.3% in the past 24 hours. Featured image from Unsplash, Charts from CryptoQuant and TradingView.com

The Ethereum Foundation has announced a significant shake-up in its leadership ranks, appointing two new co-executive directors as it embarks on a fresh strategic direction. Hsiao-Wei Wang and Tomasz Stańczak will jointly take the helm of the non-profit that stewards Ethereum’s development, replacing the sole executive role previously held by Aya Miyaguchi​. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details On the other hand, Miyaguchi, who served as Executive Director for seven years, is transitioning to the newly created position of Foundation President​. This interesting change in leadership comes as Ethereum’s price continues to undergo a decline towards the $2,000 mark. Co-Executive Directors Take Helm Of The Ethereum Foundation Ethereum’s new leaders bring a blend of deep protocol expertise and industry experience. Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation’s research team, was a key contributor to core initiatives like the Ethereum 2.0 beacon chain and sharding research. She also earned respect as a community builder by organizing Ethereum developer events in Taiwan. Tomasz Stańczak, meanwhile, is best known as the founder of Nethermind, one of Ethereum’s major software clients, which he grew from a small project into a global blockchain infrastructure company​. Stańczak’s expertise in engineering and talent development is expected to strengthen the Foundation’s technical teams, and he’s even in the process of stepping down as Nethermind’s CEO to focus on this new role​. This leadership restructuring is a shift from Ethereum’s earlier setup, where decision-making often centered on a few figures like Miyaguchi and even Ethereum creator Vitalik Buterin. Buterin, who had hinted that changes were coming, took to social media platform X to publicly congratulate Wang and Stańczak on their appointments. In practical terms, the new directors are expected to double down on technical R&D (like scaling improvements and protocol upgrades) and nurture the developer community, all while keeping Ethereum’s ethos of a permissionless and censorship-resistant financial platform intact. Price Action More Bearish Than Bullish Ethereum’s market performance has been on a full decline in recent weeks, which is an extension of its underperformance in the current market cycle. After a strong start to the year when the ETH price surged to about $3,700 in early January, the momentum has been of a decline for the past two months. Notably, ETH’s lack of a bullish price momentum has been aggravated by Bitcoin’s price crash in the past week, which has flowed into the altcoin market. This fall in the price of Ethereum has been accompanied by a decline in on-chain activity and sentiment reaching a 12-month low. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes Transaction volumes in late February dropped about 15%, to roughly $12 billion per day, the lowest in two months, while the number of active Ethereum addresses fell by 10% over the same period​. At the time of writing, Ethereum is trading at $2,210 and is at risk of breaking below $2,200 this week.  Featured image from VOI, chart from TradingView

Dogecoin’s price action in the past 24 hours has been characterized by a struggle to hold above the $0.20 price level. Notably, this struggle above $0.20 comes after Dogecoin’s break below the level on the last day of February, marking the first time it traded below $0.20 since November 2024. From a technical outlook, this recent price crash aligns with a pattern that has preceded rallies for DOGE, with the meme coin essentially re-visiting its previous local peak. Dogecoin Price Revisits Local Peaks Before Another Breakout Dogecoin’s price crash to $0.20 could begin an extended bearish move from here, but technical analysis suggests otherwise. Crypto analyst Trader Tardigrade has provided a bullish perspective, arguing that Dogecoin’s current price action fits within a well-established pattern that has historically preceded major rallies on higher timeframes. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes As noted by the analyst, Dogecoin’s price has pulled back to trading around the $0.22 level, which is only a retest of its local peak after the rally in the first three months of 2024. Interestingly, the meme coin’s latest movement to $0.22 follows a larger correction from its December 2024 high of $0.475.  Interestingly, this isn’t the first time that Dogecoin is revisiting its previous local peak this cycle, with Trader Tardigrade’s analysis highlighting how Dogecoin tends to revisit former peaks before entering a sustained rally. According to the weekly candlestick timeframe chart that accompanied his analysis, Dogecoin has revisited its local peaks about three times since July 2023.  The most notable revisit of a local peak was in Q3 2024, when Dogecoin retraced to around $0.095 after its peak of $0.22 in April 2024. Interestingly, this retracement to $0.095 in Q3 2024 was also a revisit of its December 2023 peak price. It continued to hover around $0.095 between July and September 2024 before surging toward $0.48 in Q4 2024. Therefore, if history repeats itself, the current consolidation phase around $0.22 could last for several weeks before the next leg up. Image From X: Trader Tardigrade Major Uptrend Coming Next? The current return to the $0.22 price zone suggests that Dogecoin may trade within this range for the next few months before another breakout. As such, the Dogecoin price may continue to range between $0.20 and $0.22 until May 2025. However, it might not take that long for Dogecoin to kick off the next rally. Nonetheless, Trader Tardigrade’s projection put the next rally at a price target above $0.8. Such a move would see Dogecoin trading at new price territories above its current all-time high of $0.7316. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details In a separate analysis, the same crypto analyst pointed out that Dogecoin’s 4-hour Relative Strength Index (RSI) had broken out of a descending trendline, signaling that bullish momentum is building. While this is a promising development, he noted that Dogecoin must still break out of its Descending Trendline for the uptrend to fully take shape. At the time of writing, Dogecoin is trading at $0.2062. Featured image from The Street, chart from TradingView

A crypto analyst believes that Bitcoin remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape. Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? ‘Very Risk-On Asset’ Nicolle said in a Bloomberg TV interview that the current movement in Bitcoin is highly correlated with the changes in the macroeconomic landscape, adding that anything that happens on Wall Street could affect the cryptocurrency. The crypto reporter explained that investors can never discount the impact of the macroenvironment on Bitcoin, saying, “Everything that’s happening to stocks that knocks on crypto too.” Nicolle described Bitcoin as “very risk-on assets.” “So, when there’s turmoil happening in the S&P 500, you’re going to see that in Bitcoin as well. And so that is definitely catapulting this,” she added. The analyst added that aside from the macroeconomic environment, the cryptocurrency sector went through a rough period. “We’ve had a 1. 5 billion hack last week. We’ve had some turmoil in terms of what’s going on in politics as well,” she continued. Only a little over a week ago, the cryptocurrency faced a setback after a North Korean-based hacker group stole an estimated $1.5 billion worth of crypto from Bybit, which could be the largest cryptocurrency hacking in history. “In terms of what people are expecting to see going forward, it’s still very much up in the air as to how Bitcoin could perform even in, even today,” Nicolle said in the interview. Political Uncertainty Nicolle also noted that political uncertainty is another factor driving Bitcoin into bearish territory. United States President Donald Trump vowed to establish clearer regulations on cryptocurrency, but these have not been met. “Some of the things that Trump promised to do on the campaign trail have not yet come to force and those are the kind of catalysts that we’re looking to as potential upsides for Bitcoin in the weeks ahead, things like a strategic Bitcoin reserve,” she explained. The crypto analyst pointed out that the macroenvironment is weighing very heavily on Bitcoin’s potential. “If we don’t get any movement on that, if things don’t start to look up elsewhere, Bitcoin will continue to be down,” she predicted. Closely Watching The $70k Mark Nicolle said that crypto traders are closely watching the $70,000 mark, which is the crucial psychological and technical support zone. “We’re all looking at about the $70,000 mark at the minute. So, if it does continue to go down, which is kind of to be expected in the current environment, then that is the next point at which we’re going to be starting to think. That is where a lot of the risk is happening,” she explained. Related Reading: Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns The analyst described Bitcoin as the “tide that lifts all boats” so when it goes up, other cryptocurrencies also go up too. “But those smaller cryptocurrencies are hit harder when there’s tumult in markets. They are just much more volatile by comparison,” she added. Featured image from FairPlanet, chart from TradingView

Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions. Tron’s dominance is becoming increasingly apparent due to its expanding role in decentralized finance (DeFi) and its efficient system for managing Tether (USDT) transfers. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Tron’s Position In The Altcoin Market Tron has established itself as the foundation for stablecoin transfers, processing millions of transactions each day. The blockchain is a critical factor in the growth of its market share, as it processes a substantial portion of USDT transactions. For merchants and investors seeking to efficiently transfer funds, Tron is an appealing option due to its low fees and high transaction speeds. TRON Leads Altcoin Transactions with 41.6%, Driven by USDT and DeFi Growth! “This chart shows the transaction percentage of major altcoins (ex. SOL and BNB) over time. Tron Network has the highest share, staying around 40%. In recent days, it reached 41.6%.” – By @JA_Maartun pic.twitter.com/Eeq0JylaxV — CryptoQuant.com (@cryptoquant_com) February 26, 2025 Tron’s domination extends beyond the realm of small-scale activity, according to a research by CryptoQuant. The fact that the network currently controls 70% of all USDT transfers is a clear sign that users prefer the network over competitors such as Ethereum and Binance Smart Chain. Because of this, Tron’s entire USDT supply share has climbed to 43%, which is on the verge of reaching its highest level ever recorded. A Closer Examination Of The Data The statistics are the foundation of Tron’s strength. The network processes more than 14 million USDT transactions per week, according to recent statistics. The volume alone is sufficient to establish it as a leader among the majority of altcoins, demonstrating its increasing importance in the cryptosphere. Even though there are still a lot of transactions going on, Tron’s price has been holding steady. In the past day, TRX has gone up 7.7% and now trades at about $0.23. Even though this may not seem like a big step, the network’s steady growth shows that its strong base is helping to keep its value. Related Reading: Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns What Does This Mean For The Price Of TRX? The big question remains—will Tron’s transaction dominance lead to a surge in TRX’s price? Market analysts believe that increased network usage could push TRX to higher levels. Some predictions even suggest the token could hit $1.11, representing a 444% gain from its current price. However, history has demonstrated that many transactions do not immediately result in price increases. Investors sentiment and the overall health of the market are only two of the several other factors that will impact TRX’s price trajectory. Featured image from Vocal, chart from TradingView

Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME gap since March 2024. At the time of writing, the leading cryptocurrency is trading in the low $80,000 range. Related Reading: Bitcoin Hits Its Most Oversold Level Since August 2024 – Is A Rebound Coming? For the uninitiated, the CME gap refers to the price difference that occurs on the CME Bitcoin futures chart between Friday’s closing price and Monday’s opening price, as CME does not trade on weekends. These gaps are often filled later as Bitcoin’s price naturally retraces to these levels, acting as key support or resistance zones. A new CME gap has now emerged due to the ongoing market sell-off, triggered by US President Donald Trump’s confirmation that trade tariffs on Canada, China, and Mexico will take effect on March 4. According to crypto analyst Rekt Capital, the new CME gap lies between $92,800 and $94,000. If past data is anything to go by, this new CME gap may work as a price magnet, pulling BTC upward and initiating a bullish trend reversal. For example, back in January 2021, BTC filled a CME gap between $29,410 and $33,050. After filling the gap, BTC continued to dip further, before surging to as high as $40,000.  That said, macroeconomic and geopolitical factors remain significant. The US Federal Reserve (Fed) and Trump continue to clash over interest rate policies. While the Fed has maintained that it is in no rush to cut rates, Trump has repeatedly called for immediate reductions. However, positive inflation data could pressure the Fed to accelerate rate cuts. According to an X post by The Kobeissi Letter, January’s PCE inflation – the Fed’s preferred measure – aligned with its projection of 2.5%. Similarly, core inflation – which measures the change in consumer prices excluding volatile items like food and energy – was in-line with expectations of 2.6% as well. However, data from CME FedWatch suggests that the Fed is likely to keep interest rates unchanged at the March 19 FOMC meeting. Is The BTC Bottom In? Although BTC has fallen nearly 20% over the past month, some analysts believe further downside may still be ahead. A recent forecast from Standard Chartered suggests BTC could decline another 10% before finding support. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, there are also signs that BTC may be forming a local bottom. Crypto analyst Ali Martinez noted that sell-side pressure is easing, which could indicate that BTC is stabilizing. Additionally, the Cryptoasset Sentiment Index recently flashed a strong contrarian buy signal, further hinting at a potential price floor for BTC. At press time, BTC trades at $83,508, down 2.5% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Bitcoin’s price recently experienced another significant downturn, falling below $80,000 earlier today—a nearly 20% decrease in just the past week. This prolonged slump highlights the broader challenges facing the market, with minimal signs of recovery in sight. Amid this turbulent price activity, insights from tugbachain, a contributor to the CryptoQuant QuickTake platform, have shed light on an intriguing trend within the Bitcoin market: the shifting patterns of UTXO Realized Price Age Distribution. Related Reading: Bitcoin’s 60-Day CDD Spikes: A Warning Sign or Buying Opportunity? UTXO Realized Price Age Distribution: Uncovering Key Support Levels The UTXO Realized Price Age Distribution metric provides a detailed look at realized prices across various age bands, effectively illustrating the holding patterns of different investor groups. By calculating the realized price—derived by dividing the Realized Cap by the total Bitcoin supply—this metric offers a snapshot of how both long-term holders and newer market entrants are behaving under current market conditions. Historically, certain realized price levels have functioned as key support zones during market corrections. In particular, the realized price levels for 1-month and 3-month periods often hold significance in bull markets. These levels are where fear-driven selling from smaller investors tends to peak, potentially creating an environment for larger players to stabilize the market. However, as tugbachain highlighted, these 1-3 month realized price levels have now fallen below their typical support thresholds. The next potential support area lies in the 3-month to 6-month range, approximately around $75,875. This shift signals that the market may still be searching for a solid foundation before any meaningful recovery can begin. Bitcoin: Analyzing the Bigger Picture In a separate analysis, tugbachain delves into the Bitcoin Network Value to Transactions (NVT) Golden Cross metric, which serves as a key tool for identifying local market peaks and troughs. The NVT Golden Cross measures the ratio of Bitcoin’s market capitalization to its daily transaction volume. When this ratio exceeds certain thresholds, it can signal whether the market is overbought or oversold. Related Reading: Bitcoin Miners Are Hoarding Their Crypto Despite Plunge—Here’s What It Means Currently, the NVT value is below -2.4, placing Bitcoin firmly in the oversold territory. Historically, oversold conditions at such levels have often coincided with local market bottoms. NVT Golden Cross and Market Conditions “An NVT value below -1.6 indicates a possible market bottom, pointing to oversold conditions. Currently, the NVT value is below -2.4.” – By @tugbachain Full analysis ????https://t.co/VuIHzc6liT pic.twitter.com/eTXIrwjOo7 — CryptoQuant.com (@cryptoquant_com) February 27, 2025 Should a rebound materialize from this oversold zone, tugbachain suggests that the 111-day moving average, currently at $96,895, may act as a resistance point during any price recovery. This perspective offers investors a potential roadmap for understanding and navigating the ongoing market plunge. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has declined by more than 10% in the last two weeks, falling from approximately $98,000 to around $86,000 at the time of writing. The high selling pressure has pushed the flagship cryptocurrency to oversold levels it had not seen since August 2024. Bitcoin Is Oversold, Time To Buy? According to an X post by seasoned crypto analyst Ali Martinez, BTC has entered oversold conditions it hadn’t seen since August 2024. Specifically, the Relative Strength Index (RSI) for Bitcoin has dropped to the lowest level in the last seven months. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains For the uninitiated, the RSI measures Bitcoin’s momentum on a scale of 0-100, with values above 70 signaling overbought conditions and below 30 indicating oversold levels. According to the following chart, BTC’s RSI has tumbled below 30, indicating the digital asset may be significantly oversold. Notably, the last time BTC was this oversold – in August 2024 – it led to a 33% price surge, pushing the digital asset from $49,000 to $64,000 in two weeks. A similar trajectory today could propel BTC to around $110,000. Acclaimed crypto investor The Wolf Of All Streets had similar thoughts on Bitcoin’s RSI. The investor shared the following 4-hour chart, saying: Bullish divergence with oversold RSI still very much in play. At the moment, RSI still is making a higher low. We need to see a clear “elbow up” on the next candle to confirm. Nothing here yet. Meanwhile, crypto analyst Rekt Capital predicts that there may be further downside for BTC. The analyst emphasized that BTC is getting closer to filling the Chicago Mercantile Exchange (CME) gap between $78,000 to $80,700, which was created in November 2024. For the uninformed, a CME gap refers to the price difference between Bitcoin’s last traded price on the CME before the weekend and its price when the market reopens. Bitcoin is often believed to fill these gaps as part of a natural market correction, with the gap acting as a level of price support or resistance. Mixed Opinion On BTC Price Action The recent crypto market pullback has led to split opinions among analysts. For instance, a former Glassnode analyst recently said that the odds of being in a bear market are “not large.” Related Reading: Bitcoin 4-Year CAGR Drops To 14.45% But Still Outshines Gold, Stocks – Details Similarly, recent analysis by Andre Dragosch, European Head of Research at Bitwise, indicates that BTC may be undervalued at current market prices. On the contrary, Standard Chartered predicts that there may be another 10% drop in BTC price.  Although the opinion on Bitcoin’s short-term price action may be divided, the long-term bullish case for the digital asset remains intact. At press time, BTC trades at $84,963, down 2.4% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Dogecoin, the industry’s premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump. According to an analyst, Dogecoin experienced a massive 95% drop in active addresses on its network, suggesting a considerable decline in activity. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? #Dogecoin $DOGE network activity has declined by 95%, dropping from 2.66 million active addresses in November to just 130,282 today! pic.twitter.com/SlH3qTuMP6 — Ali (@ali_charts) February 25, 2025 Should Dogecoin Holders Worry? As Dogecoin’s price starts to recover, its network activity suffered. Crypto expert Ali Martinez notes the decline in the network activity, sharing that the drop in the number of active addresses began three months ago. According to Martinez, the Dogecoin network registered 1,292,770 new active addresses by November 21st, 2024. The number soon surged to 2.4 million active addresses, but this number immediately dropped. Between December 2024 and February 2025, the number of addresses dropped by around 95%.  Meanwhile, Dogecoin’s price has declined substantially in the last few days, with holders incurring losses. The popular meme coin is currently trading at $0.2077, a slight improvement from its $0.1977 price a few hours ago. Despite DOGE’s minimal gains, it’s still down from last week’s performance. Drop In Network Activity On February 23rd, it was noted that the network only had 30,815 new addresses, confirming the slide in network activity. The decrease in Dogecoin’s network activity was reflected in its price movement, which dipped from $0.4868 to $0.196. With price dipping and a decline in network activity, many commentators argued it’s a sign of weak demand for Dogecoin. According to one data, there’s a 2.67% decline in the percentage of long-term Dogecoin investors, which means a less accumulation. Also, there’s a drop of 11.81% in mid-term coin holders, meaning they have already exited their positions. Finally, the data indicates a 107.45% increase in short-term holders, which suggests an increase in speculative trading.  This information shows that Dogecoin traders are more interested in short-term and speculative trading activities than long-term investment. DOGE is starting its big move! Heading to $5 soon.$DOGE #DOGE #Dogecoin #Memecoin pic.twitter.com/VaztdMxmSn — @CryptoELlTES (@CryptooELITES) February 25, 2025 DOGE Price Targets Although Dogecoin’s price is currently down, a few commentators expect a rebound soon. According to CryptoELITES, Dogecoin is up for a rebound, and poised to hit a new higher target. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades The analyst offered three price targets for Dogecoin: $0.75, $1.5, and $5. Featured image from Pexels, chart from TradingView

In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws.  This move, a part of the SEC’s attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the exchange-traded funds (ETFs) that have been filed with the regulator. Memecoins Not Subject To Federal Securities Laws According to the SEC’s criteria, a memecoin is generally characterized as a type of cryptocurrency that draws inspiration from internet memes, cultural phenomena, or current events, with promoters aiming to cultivate a vibrant online community that engages in buying and trading these assets. Related Reading: Data Shows Bitcoin’s 11% Drop Is Still ‘Modest’—Here’s Why The SEC’s Division of Corporation Finance delineated that while individual memecoins may exhibit distinct features, they typically share common traits. Their value largely hinges on market demand and speculative trading, akin to collectibles rather than traditional investments.  As such, the agency asserted that memecoins usually lack substantial functionality or practical use beyond entertainment, leading to significant price volatility driven by speculative behavior. Importantly, the SEC concluded that transactions involving these types of memecoins do not constitute the offer and sale of securities as defined under the federal securities laws.  This means that individuals participating in the sale of meme coins are not required to register their transactions under the Securities Act of 1933, nor do they need to rely on any exemptions from registration.  Fraudulent Activities Still Subject To Enforcement The SEC’s analysis draws from the definitions of “security” enshrined in federal statutes, which include various financial instruments such as stocks and bonds. Since memecoins do not yield income or confer rights to profits or assets, they do not fit into these established categories.  The SEC evaluated whether memecoins could be classified as investment contracts under the “Howey test,” a legal precedent that determines if an arrangement qualifies as a security based on economic realities. The key factors examined include whether there is an investment in an enterprise with the expectation of profits derived from the efforts of others. Related Reading: Dogecoin Discount Incoming: Analyst Reveals When To Start Buying The SEC found that purchasers of memecoins are not investing in an enterprise, as their funds are not pooled for development by promoters. Instead, the value of memecoins emerges from speculative trading and public sentiment, without any involvement of managerial efforts that could generate profits.  However, the statement made clear that this classification does not apply universally to all memecoins. The SEC will scrutinize any offerings that deviate from the outlined characteristics or that attempt to bypass securities laws under the guise of being meme coins.  Plus, the regulator clarified that while memecoins may not be subject to federal securities regulations, any fraudulent activities associated with their sale could still be pursued under other federal or state laws. Featured image from DALL-E, chart from TradingView.com 

The largest cryptocurrency in the world, Bitcoin has plunged a dramatic 11% from its all-time high. Although some investors might find this price devaluation alarming, historical data indicates that it is really small in respect to the other market cycles of the cryptocurrencies. The past price trends of Bitcoin show several abrupt declines and rises; volatility is always present. One has to consider the context of this most recent decline in order to evaluate its future course. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades  Historical Context Of Bitcoin Corrections Bitcoin has seen many corrections since its inception. For instance, Between January 2012 and December 2017, the value of the alpha coin dropped more than 10% on at least 13 occasions. Some corrections have caused market value losses of billions of dollars before making decent rebounds; some have even reached 20% or more. The fact that the current Bitcoin market cycle is less volatile than previous bull runs is among its most noteworthy features. The following patterns of drawdown are seen in historical data from prior cycles: This cycle continues to be the least volatile of all: ????2011-2013: Avg. -19.19%, Max. -49.45% ????2015-2017: Avg. -11.49%, Max. -36.01% ????2018-2021: Avg. -20.41%, Max. -62.62%https://t.co/isZhpa3caS pic.twitter.com/JfhMa5J3kv — glassnode (@glassnode) February 26, 2025 Over time, Bitcoin has shown its ability to recover and set new record highs; these swings are inevitable in the nature of its market action. Even in bull markets, Bitcoin regularly undergoes brief declines that help to shake off weak hands before it picks back up its increasing trajectory. Present Market Conditions On February 27, 2025, Bitcoin was trading at $85,800, representing a 4% decrease from the previous day’s close. The intraday high was $89,230 and the intraday low was $82,460. The most recent 15% decline in the weekly frame surpasses the cycle’s average drawdown of 8.50% but is significantly less than the 26% decline in previous cycles. Compared to other corrections, which have often lasted for months, this one is very modest. Many analysts argue that it is not a sign of deeper market concern, but rather a natural part of Bitcoin’s cycle. Meanwhile, according to on-chain analysis, unless Bitcoin swiftly bounces back over the $92,000 level, there is a chance that lower lows will persist in the near future. This barrier is crucial, since it represents the juncture at which the majority of short-term traders achieve profitability. Alternatively, as they mitigate their losses, Bitcoin may retrace to $70,000, or $71k. Factors Influencing The Recent Decline The price of Bitcoin has gone down for a number of reasons. As always, sentiment is a big factor in the bitcoin market, and even small changes in investor trust can cause big price swings. There has also been panic selling because of worries about security, especially after the Bybit hack, which cost the crypto exchange $1.5 billion in losses. Inflation fears, central bank policies, and global economic uncertainty have also caused investors to be more cautious with risk assets. These external pressures often drive Bitcoin’s volatility, making its price highly reactive to changing financial conditions. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Based on how it has behaved in the past, Bitcoin’s growth cycle seems to include dips, even though it is currently going down. It slowly got better after years of losses and reached its highest point after consolidations. Featured image from Reuters, chart from TradingView

On Wednesday, Bitcoin (BTC) prices plummeted to a four-month low, reaching as low as $81,000, as the anticipated “Trump bump” in the markets faded. This has prompted investors and traders to hedge against further decreases, with Bitcoin options indicating a notable interest in put options with a strike price of $70,000.  Bitcoin Plummets 20% Since Trump’s Inauguration According to data from Deribit, the largest crypto options exchange, this strike price represents the second-highest open interest among all contracts set to expire on February 28, with a total of $4.9 billion in open interest poised to expire by Friday. Related Reading: Solana (SOL) Sees Red—What’s Next for the Price? Since President Donald Trump’s inauguration in January, Bitcoin has experienced a substantial decline of roughly 20% from its record highs.  Market analysts attribute this downturn to a combination of factors, including Trump’s “aggressive geopolitical” stance and ongoing concerns about elevated inflation. Chris Newhouse, director of research at Cumberland Labs, noted, “Tariff policies are further dampening the outlook, and stubbornly high short-term inflation expectations add to the overall caution.”  Newhouse also highlighted that the Bybit Ethereum (ETH) hack has not only exerted downward pressure on Bitcoin’s price but has also negatively impacted overall market sentiment. Investors Pull Back Amid Declining Demand For ETFs The market has also witnessed a significant liquidation of bullish bets, with around $2 billion wiped out over the past three days, according to data from Coinglass.  Bitcoin perpetual futures—a popular method for offshore investors to leverage their positions—saw a sharp decline in long positions during this timeframe. Adding to the bearish sentiment, demand for Bitcoin exchange-traded funds (ETFs) has waned, with the group experiencing approximately $2.1 billion in outflows over the past six days.  This reflects a broader trend of investors pulling back, with more than $1 billion withdrawn from spot Bitcoin ETFs on Tuesday alone, marking the largest outflow since these funds debuted in January of the previous year. The Fidelity Bitcoin Fund (FBTC) and BlackRock iShares Bitcoin Trust ETF (IBIT) were among the hardest hit. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Bohan Jiang, head of over-the-counter options trading at Abra, commented, “This is a mix of spot selling and basis unwind. In my view, nearly all of this is from ETF spot outflows from directional traders.” Ethereum has also felt the impact of the Bybit incident, amplifying its volatility, while Solana (SOL) has surrendered gains achieved in recent months amid declining interest in memecoins. The market’s search for a new catalyst to reverse its bearish sentiment has led many investors to remain on the sidelines, rotating out of cryptocurrencies in a risk-off environment.  Ravi Doshi, co-head of markets at crypto prime broker FalconX, stated, “The crypto market is still in search of a new catalyst to reverse bearish sentiment.” Currently, BTC is attempting to find support at $84,578, but has fallen another 4.5% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC) has experienced one of its largest price pullbacks in recent times, plunging from $96,131 on February 24 to a potential local bottom of $85,418 today. The decline triggered liquidations exceeding $1.5 billion, with the majority coming from long positions. Is It Time To Buy Bitcoin? The recent price action suggests that the crypto market is reacting to bleak macroeconomic conditions, driven by US President Donald Trump’s proposed trade tariffs and a hawkish stance from the US Federal Reserve (Fed).  The total crypto market cap has now fallen below $3 trillion for the first time since November 2024, signaling growing bearish sentiment around risk-on assets. Major altcoins like Ethereum (ETH) have fallen by more than 10% in the past week. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains However, despite yesterday’s downturn, overall sentiment toward the crypto market appears to be improving. In an X post, Andre Dragosch, European Head of Research at Bitwise, suggested that the worst may be over for BTC. Dragosch shared the following Cryptoasset Sentiment Index, which is flashing a strong contrarian buy signal for the flagship cryptocurrency. The analyst added: Wide-spread bearishness among flows, on-chain, and derivatives data implies that downside risks are fairly limited. Risk-reward appears to be quite favourable at these prices. To further illustrate the level of bearishness surrounding risk-on assets, Dragosch highlighted that US spot Bitcoin exchange-traded funds (ETFs) recorded their single largest daily net outflow on record yesterday. Data from SoSoValue supports this assessment. Additionally, the Crypto Fear & Greed Index remains in bearish territory. Dragosch noted that sentiment levels are “already as bearish as during the macro capitulation last August.” At that time, BTC made a local bottom at $49,000 before rallying to multiple new all-time highs (ATHs). On a more optimistic note, on-chain data indicates that crypto whales are capitalizing on market uncertainty. According to crypto analyst Ali Martinez, long-term holders have accumulated nearly 20,400 BTC following the recent sell-off. Strategy Falls With BTC Crash In line with BTC’s decline, Strategy stock MSTR has also suffered, plummeting 55% from its peak of $543 in November 2024. At the time of writing, MSTR trades at $249, down approximately 29% over the past month. Despite the overall bearish sentiment, recent analysis comparing BTC’s returns to other assets, such as gold and stocks, shows that while Bitcoin’s cumulative annual growth rate has slowed in recent years, it continues to outperform traditional asset classes significantly. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, not all analysts share Dragosch’s optimism. In stark contrast, Standard Chartered recently warned that BTC may face further downside before resuming its bullish trajectory. At press time, BTC trades at $87,086, down 1% in the past 24 hours. Featured image from Unsplash, Charts from X, Yahoo! Finance and TradingView.com

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the frequency of “flash crashes” in the crypto sector has surged since January. These rapid price declines can occur without major bearish news, leaving investors puzzled about the sudden volatility. The recent downturn began with Bitcoin (BTC), which initially fell below $95,000. However, a sharp drop from $95,000 to $90,000 within just 30 minutes early in the morning served as a wake-up call for traders.  Ethereum (ETH) has fared even worse, experiencing a staggering 37% drop over 60 hours on February 2nd, despite trade war headlines that had already been priced into the market. Related Reading: Why Ethereum Is A Must-Watch: Expert Analysis Highlights 4 Strong Bullish Indicators One of the critical factors contributing to this crypto volatility, according to the analysts, is the drastic shift in liquidity and short positioning in Ethereum. In a single week, short positions surged by 40%, and since November 2024, they have skyrocketed by 500%.  This unprecedented level of shorting by Wall Street hedge funds has created a precarious situation for Ethereum, which is now valued at approximately $300 billion. As institutional investors increasingly short Ethereum, many have turned their attention to Bitcoin, creating a stark contrast in market dynamics. While retail interest in Bitcoin has waned, driven partly by a surge in memecoins, institutional capital continues to flow into Bitcoin, exacerbating the volatility in altcoins like Solana. Retail Vs Institutional Investors Amid Crypto Volatility Kobelsi further highlights that the current market environment is characterized by a polarization between retail and institutional investors. As liquidity decreases, price movements become increasingly erratic. This has resulted in significant “air pockets,” where sentiment can shift dramatically, leading to rapid price changes. Recent sentiment analysis reveals that the crypto market is experiencing its lowest levels of enthusiasm for 2024. The Crypto Fear and Greed Index, which previously indicated a state of greed, has now dropped to a fear level of 29%. Such shifts in sentiment often precede flash crashes, as traders react to the changing landscape. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Adding to the complexity of the situation, public figures like Eric Trump have been vocal about their views on the largest crypto assets, Bitcoin and Ethereum. Trump has suggested that these price dips present buying opportunities, a perspective that may influence retail investors’ behavior. Furthermore, companies like MicroStrategy have also impacted the crypto market dynamics. Despite a 45% drop in its stock since its November 20th peak, MicroStrategy continues to accumulate Bitcoin through convertible note offerings, reinforcing its commitment to the crypto and potentially influencing market sentiment. So far, Ethereum has managed to regain the $2,500 level after falling below $2,300 on Tuesday, recording losses of 7% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com 

According to Bloomberg, lawyers representing Justin Sun and the US Securities and Exchange Commission (SEC) are requesting a stay in the ongoing regulatory proceedings against him.  Justin Sun And SEC Seek Case Pause This joint filing, submitted on Wednesday, indicates that both parties believe it is in their mutual interest to pause the case while they explore a potential resolution. They assert that such a stay would not prejudice any involved parties or non-parties, marking a collaborative approach to navigating the complexities of crypto regulation. This follows a similar request for a pause in the case against Binance and reflects a notable shift in the regulatory climate for digital assets in the United States since the inauguration of President Donald Trump.  Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades Under the acting chair Mark Uyeda, the SEC has recently closed investigations into several crypto entities, including Robinhood, the decentralized finance firm Uniswap, and the non-fungible token (NFT) marketplace OpenSea.  Most significantly, Coinbase announced that the SEC agreed to drop its lawsuit against the largest digital asset exchange in the US, pending commissioner approval.  SEC Favoring Trump’s Business Associates? These actions mark a significant pivot from the previous administration’s approach, which has been criticized by various crypto executives, many of whom celebrated the former SEC Chair Gary Gensler’s resignation in January. Specifically, the SEC sued Justin Sun in 2023, alleging that he collaborated with entities he controls, such as the Tron Foundation and BitTorrent Foundation, to orchestrate the offer and sale of “unregistered securities.”  However, the recent decision to seek a stay in these proceedings suggests a reevaluation of the agency’s priorities, particularly concerning figures like Justin Sun. Related Reading: Strategy (MSTR) Crashes 55%—Is A $44 Billion Bitcoin Liquidation Possible? Corey Frayer, director of investor protection at the Consumer Federation of America and a former adviser to Gensler, noted that the absence of fraud charges in the Justin Sun case signifies a “troubling politicization” of the SEC.  The director remarked that the agency’s current approach appears to be “benefitting Trump’s business associates,” suggesting a shift in regulatory focus that aligns with the interests of the former president. This comes amid significant investments in Trump’s World Liberty Financial (WLFI), with Justin Sun purchasing over $70 million in WLFI token’s to support this upcoming decentralized finance (DeFi) venture. Featured image from the WSJ, chart from TradingView.com 

The cryptocurrency market is experiencing significant turbulence this week, with Solana (SOL) facing particularly steep challenges. As the excitement surrounding memecoins wanes, prices have dropped to their lowest levels in several months.  Following the historic hack of the ByBit exchange and President Trump’s controversial tariff proposals, the overall crypto market has seen a downturn, with Bitcoin falling 12% in the past week. In contrast, Solana has plummeted 22%, reaching a new five-month low. Solana Struggles As New Data Shows Dramatic Drop As reported by Fortune, the decline in Solana’s value can be attributed to its association with recent celebrity-backed memecoin scandals, particularly the LIBRA incident.  This cryptocurrency surged to a nearly $5 billion market cap before crashing, following promotion from Argentine President Javier Milei, whose involvement has sparked outrage and prompted an investigation.  Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Zach Pandl, head of research at the crypto asset manager Grayscale, noted that this incident has highlighted the volatility and risks associated with memecoins, stating, “The current phase of memecoin trading on Solana is over.” Solana’s rise as the preferred blockchain for memecoin development was largely due to its low transaction costs, high transaction speeds, and user-friendly infrastructure.  Platforms like Pump.fun facilitated the rapid creation of cryptocurrencies on Solana, leading to a peak of over 71,000 memecoins launched in a single day. However, this number has since dwindled to just 26,000, according to data from analytics firm Dune. Analysts Warn Of Potential Drop Below $100 While many memecoins lack intrinsic value and are often linked to scams, Pandl suggested that the recent memecoin frenzy had some positive impacts on the Solana ecosystem.  “It onboarded users, generated revenue, and helped stress test the Solana blockchain in various ways,” he explained. “In that sense, memecoin trading is one of the many building blocks to developing the next generation of financial infrastructure.” Adding to Solana’s woes, the open interest for Solana futures has declined by 44% over the past month, dropping from an all-time high of $6.39 billion to just $3.57 billion today. This decline indicates a reduction in investor confidence and interest in leveraging Solana positions. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades CoinGecko data also shows a similar pattern from investors, as trading volume has dropped 54% in the last 48 hours, representing only $5 billion of Solana’s total market cap of $66 billion. Currently trading at $134, analysts have identified this price point as a crucial support zone in the ongoing downtrend. According to Crypto General, if this support fails to hold, the next support level could fall below $100, representing a drop of more than 65% from Solana’s all-time highs. Featured image from DALL-E, chart from TradingView.com

As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies.  On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors. Ethereum Falls Below $2,600: Potential End To Altseason Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange.  Market expert Crypto Rover highlighted that these sales, which occurred over a span of just 48 hours, have contributed to a staggering 7% drop in Ethereum and a 12% decline in Solana’s value. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Ethereum has now breached its critical support level of $2,600, a point that analysts like Ali Martinez caution could signal the end of the altcoin season if confirmed on higher time frames.  Martinez notes that the next significant threshold for the Ethereum holders is set at $2,300; falling below this level could jeopardize the psychologically crucial $2,000 mark. For Solana, the situation is similarly dire. The asset has retraced below its major support level at $150, settling around $140. This decline represents a considerable 51% gap from its all-time high of $293 reached in January. The bearish sentiment surrounding Solana is further underscored by a stark drop in network activity. Martinez pointed out that Solana’s active addresses have plummeted by 60%, falling from an impressive all-time high of 18.5 million in October to just 7.3 million. Market Manipulation Allegations Arise Amidst these troubling developments, voices within the crypto community are suggesting that the market turbulence may not be coincidental.  Experts like Marty Party have expressed concerns about the role of Binance, asserting that the exchange may have offloaded its holdings in Solana and Ethereum to cover fines imposed by the Department of Justice (DOJ) while also profiting from liquidating leveraged futures positions. Such actions have been characterized as “manipulative,” with Marty noting the timing of these sales. Doctor Profit, another market expert, also suggests that platforms like Bybit may have engaged in similar practices to recover “lost Ethereum” after its recent hack, fueling further speculation about the integrity of these exchanges. Critics argue that these “market maneuvers” are indicative of a broader pattern of manipulation, particularly aimed at triggering mass liquidations among long positions.  Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish Doctor Profit remarked on the apparent transparency of these manipulations, suggesting that market players are exploiting the naivety of average crypto investors. Given the current climate, there is a growing call within the crypto community to shift away from centralized exchanges and traditional financial structures.  Advocates like Doctor Profit are urging investors to embrace decentralized finance (DeFi) and monolithic networks, emphasizing the importance of self-custody and minimizing reliance on institutions that may be susceptible to manipulation. For now, Ethereum has managed to stabilize at $2,390, which is nearly 50% below the record high of $4,878 reached during the 2021 bull market. Featured image from DALL-E, chart from TradingView.com

Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark. This perilous situation arises in the middle of a widespread market decline, which has prompted a number of digital assets to reach multi-month lows. Investors are gradually abandoning the market, creating panic selling across the ecosystem, according to analysts. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Technical Indicators Show A Concerning Picture The recent price movement of AVAX tells a story of eroding support and prolonged weakening. Since February 1, the token has been on a steady decline after failing to maintain momentum following a challenge of the $34.40 resistance level. Technical analysis indicates that the Relative Strength Index (RSI) has entered oversold territory on daily charts, a condition that typically indicates an imminent reversal. Nevertheless, the Bull Bear Power (BBP) indicator continues to exhibit negative readings, indicating that adverse forces continue to exert a stronghold on the market. Current conditions may result in an extended correction phase if this bearish dominance continues. The token’s inability to surpass its descending trendline serves to bolster this pessimistic perspective. Avalanche Fear Index Reaches Critical Levels The psychology of the market has undergone a significant shift toward extreme caution. The crypto fear and greed index, a critical indicator of market sentiment, has experienced a precipitous decline to a reading of 35, firmly establishing it in the category of “fear.” This widely-followed index operates on a scale of 0 to 100, with readings below 35 indicative of severe market anxiety. Digital assets have seen turning points throughout history when faced with such high degrees of fear. Though they can sometimes be appealing starting points for contrarian investors, they can indicate the beginning of more market drops as selling momentum rises. The latter scenario may be unfolding, as there is little evidence of “buy the dip” activity emerging to sustain AVAX’s price, as current market behaviors suggest. Related Reading: Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’ On-Chain Data Confirms Resistance Overhead The basic outlook seems to be similarly challenging when looking at on-chain measures. The In/Out of Money Around Price (IOMAP) analysis by IntoTheBlock shows that there is a sizable resistance zone at about $23.60. At this pricing point, over 128,000 addresses control 3.31 million AVAX coins overall, a significant psychological barrier. Currently resting on unrealized losses, many of these holders could wish to sell their positions as soon as it becomes feasible to break even, therefore creating a “sale wall”. Featured image from Pixabay, chart from TradingView

Bitcoin’s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto’s market cap and sending ripples across the industry. According to Coinglass tracking, around 230,000 positions have been liquidated for the day.  Related Reading: Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’ As a sign of bearish sentiment, the digital asset’s open interest has dipped to 5%, reflecting deleveraging among investors and holders. On-chain data also suggests that exchange inflows surged to 14.2%, potentially suggesting panic selling among holders. Furthermore, funding rates are now in negative territory, indicating investors’ sentiments have shifted.  Massive Losses For Holders As BTC Tests $86K As the world’s top digital asset, Bitcoin’s adverse price action caused plenty of ripples in the industry. With its price testing below $90k, thousands of positions were liquidated, and strong withdrawals from spot Bitcoin ETF funds were recorded. According to multiple reports, the five-day outflow for ETFs amounted to $1.1 billion, with $516 million lost on February 24th. In a Twitter/X post, InTheBlock noted that around 12% of all BTC addresses are in the red. The post added that it’s now the highest unrealized loss percentage for Bitcoin since October 2024. With Bitcoin briefly dropping below $90k, roughly 12% of all Bitcoin addresses are holding at a loss. ????This is the highest unrealized loss percentage since October 2024 pic.twitter.com/pngLz4G4wc — IntoTheBlock (@intotheblock) February 25, 2025 Crypto-Related Stocks Fall Aside from individual holders, crypto-related stocks suffered from Bitcoin’s recent drop. Michael Saylor’s Strategy is one of the biggest victims, with its stock price dropping 11% in the past 24 hours. The company’s stock has been declining since its peak in November and has now fallen 55% from its high.  Strategy boasts a portfolio worth over $43 billion, including 499,096 Bitcoin. With Bitcoin’s price falling, many crypto observers speculate where Strategy will sell some of its assets. However, some experts have shot down this idea, saying it’s doubtful that a company will fully commit to crypto. Other crypto-related stocks also tumbled, with Robinhood (HOOD) dipping by 8%, Coinbase (COIN) suffering a 6.4% decline, and Marathon Digital (MARA) and Bitcoin miners Bitdeer (BTDR) dropping 9% and 29% respectively. Traditional Stocks Also Suffered Bitcoin’s underperformance was also felt in the broader market, with declines in the traditional financial markets. The Nasdaq Composite dropped by 2.8%, and the S&P 500 surrendered 2.1% of its market cap. Observers also noted the sudden strength of the US Dollar Index, suggesting that many investors are looking for “safety havens” for their investments. On-chain data also indicates a recent surge in crypto whale activities. Bitcoin whales have sold over $1.2 billion worth of digital assets.  Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto According to analysts, Bitcoin’s decline is caused by macroeconomic conditions. The market is still reeling from US President Donald Trump’s tariff announcement, and geopolitical tensions between China and the United States are pushing some investors to rethink their long-term plans. Featured image from Gemini Imagen, chart from TradingView

In a memo released on February 25, 2025, Matt Hougan—Chief Investment Officer (CIO) at Bitwise Asset Management—drew striking parallels between today’s crypto market and what he observed in July 2024. Titled “Short-Term Pain, Long-Term Gain (Redux),” Hougan’s latest analysis suggests that, despite the current pullback, the industry’s underlying fundamentals remain as compelling as ever. Crypto Echoes Of July 2024 Hougan opened his memo by recalling the environment in July 2024, when he penned an earlier piece called “Short-Term Pain, Long-Term Gain.” Back then, crypto markets were reeling: “Bitcoin, which had peaked above $73,000 in March 2024, had fallen to roughly $55,000, a 24% pullback. Ethereum was down 27% over the same time period.” At the time, Hougan noted that “the crypto market is facing a weird dynamic right now. All the short-term news is bad, and all the long-term news is good.” He also cited catalysts such as potential ETF inflows, the upcoming Bitcoin halving, and more supportive policymaking in Washington, D.C., contrasting them with then-immediate risks like Mt. Gox distributions and government sales of Bitcoin. Related Reading: From Hope To Crypto Panic: How A Day Of Highs For Coinbase Turned Into A Nightmare For Bybit That analysis proved timely. “Shortly after I wrote the memo, Bitcoin bottomed and proceeded to rip straight to $100,000,” Hougan wrote. In his latest note, he sees a similar duality at play: negative short-term developments on one hand, and powerful long-term tailwinds on the other. Yesterday, crypto markets were under renewed pressure: Bitcoin dropped at one point more than 10% to as low as $86,050, Ethereum by 18%, and Solana lower by 21%. The immediate trigger: last weekend’s hack of Bybit, a Singapore-based exchange, which suffered a $1.5 billion Ethereum theft via a phishing scam. Though Bybit dipped into its reserves to make clients whole, the breach reverberated across the industry. The hack followed on the heels of a spate of memecoin scams, including Libra, endorsed by Argentine President and noted crypto proponent Javier Milei. The memecoin cost investors billions in what Hougan described as a “multi-billion-dollar scam.” Moreover, Melania, a project tied to First Lady Melania Trump, also collapsed, causing substantial losses for token holders. Trump, a memecoin linked to US President Donald Trump fared no better. “Taken together, these events probably spell the end of the recent memecoin boom,” Hougan commented. While many institutional and long-term crypto participants may view the memecoin sector with skepticism, its trading volume and buzz have fueled overall market activity—particularly in the Solana ecosystem. Related Reading: Crypto CEO Calls Start Of The Altcoin Season With A Caveat Despite the negative headlines, Hougan points to a robust foundation beneath crypto markets. First, Hougan highlights the pro-crypto regulation under the Trump administration. In his view, “We are in the early days of a massive shift in Washington’s attitude towards crypto.” He cites the US Securities and Exchange Commission’s recent decision to drop high-profile lawsuits against companies like Coinbase and ongoing legislative efforts around stablecoins and market structure. Such developments, he argues, will help crypto break into mainstream finance. Second, institutional adoption is still growing. Large-scale buyers—including asset managers, corporations, and even governments—continue to accumulate Bitcoin. Hougan notes that so far this year, “investors have plowed $4.3 billion into bitcoin ETFs,” and he expects that figure to balloon to $50 billion by year-end. Hougan also expects a stablecoin boom. Stablecoin assets under management have climbed to a record $220 billion, marking a 50% jump from last year. With favorable legislation making its way through Congress, Hougan believes the sector could grow to $1 trillion by 2027. Lastly, the Bitwise CIO predicts the rebirth of DeFi and tokenization. Lending, trading, prediction markets, and derivatives see record heightened usage. Meanwhile, the tokenization of real-world assets continues to hit all-time highs in assets under management, suggesting that blockchain-based representations of traditional securities and commodities may be on the rise. Hougan refers back to his July 2024 thesis to underline today’s opportunity. On the negative side, markets have to navigate aftershocks from Bybit’s massive hack and the implosion of multiple memecoin projects. On the positive side, regulatory clarity, institutional inflows, stablecoin expansion, and DeFi innovation continue unabated. “This is what I call a no-brainer,” Hougan wrote, underscoring his stance that serious long-term factors overwhelmingly outweigh the short-term setbacks. He does offer a measured warning, noting this pullback may prove more pronounced than last summer’s dip: “The memecoin boom was large, and the hangover could be more significant. It might take days, weeks, or months to work through it.” Yet his conclusion remains firm: the long-term growth narrative remains intact. “When that happens, I like my money on the long term,” he stated, reiterating that patience can be rewarded in a market often swayed by headline-driven volatility. At press time, BTC traded at $88,349. Featured image created with DALL.E, chart from TradingView.com

Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market downturn. According to data from CoinGlass, the crypto market sell-off led to over $1.5 billion in liquidations in the past 24 hours, impacting 394,944 traders. More Downside For Bitcoin? After trading in the mid-$90,000 range for several weeks, BTC crashed to $86,888 on the Binance cryptocurrency exchange, marking its lowest point this year. The premier cryptocurrency is down 7.6% in the last 24 hours. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains Similarly, other major cryptocurrencies have suffered sharp declines. Ethereum (ETH) is down 10.5%, XRP has dropped 14.5%, and Solana (SOL) has plummeted 18.2% in the past 24 hours. Meanwhile, the total crypto market cap has shrunk by 9%, tumbling from $3.3 trillion to $3.01 trillion over the same period. Despite the sharp market pullback, the worst may not be over for BTC just yet. According to Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, Bitcoin could still see further losses. Kendrick noted that while BTC has performed “relatively well,” the flagship cryptocurrency remains caught in a broader market sell-off, partly driven by Solana-based meme coins. He warned that another 10% decline may be on the horizon, potentially pushing Bitcoin’s price down to the low $80,000s. Macroeconomic Uncertainty Weighs On Crypto Further, Kendrick emphasized that although a decline in US Treasury yields could eventually benefit BTC, the large outflows from Bitcoin spot exchange-traded funds (ETFs) suggest that “it is not time to buy yet.” In addition to the crypto market downturn, US President Donald Trump reiterated yesterday that his proposed trade tariffs on Canada and Mexico are set to take effect on March 4. As a result, the equity market is expected to open lower today, adding further pressure to risk assets like cryptocurrencies. The uncertainty in equity markets is expected to spill over into the digital assets sector, potentially leading to deeper pullbacks for cryptocurrencies. At the time of writing, the Crypto Fear and Greed Index has dropped to a five-month low of 25, signaling “extreme fear” in the market. Bitcoin’s recent price breakdown aligns with an earlier forecast by seasoned crypto analyst Ali Martinez, who predicted that if BTC broke below $93,400, it could experience significant volatility. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says Beyond the recent price action, other warning signs for BTC indicate that reduced network activity could signal waning overall interest in the asset class. However, despite these headwinds, Bitcoin continues to outperform traditional asset classes like gold and stocks. That said, many industry leaders remain bullish on Bitcoin, viewing the current macroeconomic environment as a “generational opportunity” to accumulate BTC. At press time, BTC trades at $88,150, down 7.6% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com

Bitcoin (BTC), the market’s leading cryptocurrency, has officially entered a new downtrend phase following a period of consolidation around the mid-$90,000 levels.  After reaching an all-time high of $109,000 in January, Bitcoin has now seen a significant drop of 7%, bringing its current price to approximately $87,400. This decline raises concerns about the sustainability of the broader bull market as investor sentiment shifts towards fear. Could A Drop Below $80,000 Be Imminent? Market expert Jesse Olson recently took to social media platform X (formerly Twitter) to question whether Bitcoin is nearing a local top or possibly “the” top for this market cycle.  Olson referenced historical data suggesting that previous pivot points for Bitcoin often signal significant downturns. He highlighted two notable instances: In April/May 2021, the Bitcoin price experienced a pivot point about 20% below its local top, leading to a price drop of 56%. In November 2021, the pivot was around 15% from “the” top, resulting in a staggering 77% decline. Currently, the price sits approximately 15% below the recent peak, and Olson notes a pending sell signal on BTC’s 3-day chart, indicating potential further downside. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation The expert also mentioned that while Bitcoin has hit Target 2 of 4 in his analysis, several indicators suggest the price could drop below $80,000, with higher time frames beginning to show bearish signals. Arthur Hayes Warns Of Bitcoin Downturn Adding to the bearish sentiment, market expert Arthur Hayes expressed concerns in a recent post on X, warning of a potential extension of Bitcoin’s downturn.  Hayes highlighted that many holders of BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, are hedge funds that have gone long on the ETF while simultaneously shorting Chicago Mercantile Exchange (CME) futures to earn a yield greater than short-term US treasuries. Should Bitcoin’s price continue to fall, Hayes suggests that these funds may unwind their positions, selling IBIT and buying back CME futures. This profit-taking strategy could lead to further declines in Bitcoin’s price, potentially pushing it down toward the $70,000 mark. Related Reading: Dogecoin Activity Levels Crash To 4-Month Lows, Does This Spell Doom For The Meme Coin? Despite the prevailing bearish outlook, analyst Doctor Profit presents a more optimistic perspective. He emphasizes that the production cost of Bitcoin is currently at $95,000, meaning the market price is below this critical threshold. Historically, prices trading below production costs have signaled prime buying opportunities for investors. Doctor Profit argues that this situation creates a compelling case for potential investors, as the market often sees price rebounds when production costs are higher than market prices.  Featured image from DALL-E, chart from TradingView.com

As the new week begins, Ethereum (ETH)—the second-largest cryptocurrency by market capitalization—has seen a significant decline, dropping nearly 10% below the critical support level of $2,500.  However, amidst this downturn, prominent crypto analyst Doctor Profit has identified four compelling bullish indicators that suggest Ethereum may be poised for a resurgence, potentially inching closer to its all-time high and even surpassing it. Key Indicators Signal A Bullish Turn In a recent post on X (formerly Twitter), Doctor Profit shared insights from a detailed long-term analysis of Ethereum. He emphasizes that this evaluation is not about short-term hype or quick profits but focuses on the upcoming months.  “Right now, ETH is the best opportunity in the market,” he stated, highlighting key indicators—technical, psychological, and on-chain—that support his bullish stance. Related Reading: Bitcoin Price Tumbles 5%—Key Support Levels in Focus Doctor Profit’s analysis is grounded in extensive price action data, with a focus on high-timeframe signals that typically indicate significant market moves. Here are the four major indicators he outlined: The 200-week Exponential Moving Average (EMA) has historically served as a critical support level for Ethereum. During past market downturns, such as the COVID crash in 2020 and the bear market in 2022, the price has quickly rebounded after dipping below this key threshold. Given that a few weeks ago, the price was merely 4% from this support, the risk-reward ratio for potential investment is compelling. Doctor Profit estimates a possible move toward the $8,000 to $10,000 range, representing an approximate 200% upside, while the worst-case scenario offers a mere 20% downside. Doctor Profit Sees Potential For Major Ethereum Price Surge The analyst further highlighted that ETH’s price has been trending within a long-term ascending channel, currently approaching its lower boundary—a historically favorable entry point for investors.  Doctor Profit anticipates a breakout from this channel in the coming months, targeting the $4,000 mark, a level that has faced multiple rejections.  However, the analyst assures that each failed attempt brings the Ethereum price closer to a definitive breakout, with potential targets reaching as high as $8,000 to $10,000. One of the most significant patterns currently forming is the weekly ascending triangle. This pattern has been consolidating since 2020, indicating a robust bullish setup.  Related Reading: Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In Doctor Profit notes that moves stemming from such patterns often lead to substantial price expansions, similar to recent trends observed in XRP. The implications of this formation suggest that Ethereum may be on the brink of a powerful upward movement. A substantial liquidity zone exists around the $4,000 region, aligning perfectly with both the anticipated breakout from the ascending channel and the ascending triangle.  This concentration of liquidity could facilitate a strong market response, according to the analyst, propelling Ethereum through this critical threshold and triggering a significant upward movement. Despite the current bearish sentiment surrounding Ethereum, characterized by retail disinterest and high fear, Doctor Profit emphasizes that institutional accumulation is on the rise.  Record inflows into Ethereum exchange-traded funds (ETFs) and significant on-chain withdrawals further indicate that larger investors are positioning themselves for future gains. ETH is currently trading at $2,420, down as much as 10% over the past 24 hours and over the past week.  Featured image from DALL-E, chart from TradingView.com

In its recent analysis, market intelligence firm Messari has provided a comprehensive overview of the NEAR Protocol’s performance in Q4 2024. Despite facing headwinds in the broader crypto market, NEAR has demonstrated notable resilience through increased activity and strategic developments. Drop In Market Cap Ranking But Resilience Through Increased Activity During Q4, NEAR Protocol initially surged, reaching a token price high of approximately $8.19 in December before retracing to around $4.91 by the quarter’s end.  This decline reflected a significant drop in market cap, which fell to approximately $5.73 billion—marking a 2.09% decrease quarter-over-quarter (QoQ).  Consequently, NEAR dropped ten spots in market cap rankings, now sitting at 21st overall, indicating a performance lag compared to other leading assets. Despite the challenges in market pricing, NEAR’s revenue, derived from network transaction fees, saw a substantial increase. The revenue grew to about $2.11 million, representing a 26.81% QoQ rise. This growth can be attributed to heightened transaction volumes and decentralized exchange (DEX) activity.  The average transaction fee during the quarter was roughly $0.0031, a 15.91% increase from the previous quarter, further highlighting the network’s operational efficiency. Related Reading: XRP Bulls Need This Break For A Shot At $6 The NEAR token plays a multifaceted role within the ecosystem, being essential for staking, transaction fees, and storage fees. The protocol maintains a flexible supply model, characterized by an annual inflation rate of 5%.  Of the inflationary rewards, 90% are allocated to validators, while the remaining 10% supports the protocol’s treasury. As of the end of Q4, approximately 95.12% of NEAR’s total supply was in circulation, with about 49.08% actively staked.  The annualized nominal yield from staking was reported at around 8.95%, with a real yield of 4.55%, providing attractive incentives for holders to stake their tokens. NEAR enjoyed a surge in address activity and transaction volume during Q4. The average daily active returning addresses rose by 15.82% QoQ, reaching 3.55 million, while the average daily new addresses surged by 29.05% to 361,046.  However, the protocol faced a decline in developer activity, with weekly active core developers decreasing by 13.95% to 159 and ecosystem developers falling by 30.34% to 129. NEAR Balances Market Setbacks With Promising Innovations NEAR’s DeFi total value locked (TVL) concluded Q4 at approximately $240.16 million, reflecting a 4.48% decline from the previous quarter. The Liquid Staking TVL also experienced a decrease of around 10.32% QoQ, settling at about $250.81 million.  Notably, the LiNEAR Protocol’s TVL was approximately $132.41 million, down 8.77%, while Meta Pool’s TVL declined by 11.78% to around $111.70 million. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto On a positive note, NEAR’s average daily DEX volume reached approximately $8.45 million, marking a 25.40% increase from the previous quarter. Ref Finance emerged as the leading DEX on the platform, accounting for an average daily volume of $8.35 million. Q4 also saw an uptick in NEAR’s stablecoin market cap, which grew to about $683.69 million—an increase of 1.88% QoQ and a staggering 880.71% year-over-year (YoY).  As of now, the NEAR’s price stands at $3.52, recording a substantial 10% surge in the past two weeks. Yet, still 82% below its all-time record high.  Featured image from DALL-E, chart from TradingView.com 

Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing positive returns despite the overall bearish climate. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle Evaluating TON’s Long-Term Viability and Market Stability According to Darkfost in the post uploaded on the CryptoQuant QuickTake platform, long-term holders—those who have maintained their positions for over a year—are currently enjoying a 69% profit, even as short-term investors face losses. This dynamic raises questions about TON’s potential as a long-term investment, prompting a closer look at the project’s ecosystem and liquidity. A key metric in this regard is the total value locked (TVL) on the network. Despite market-wide downturns affecting numerous altcoins, data shared by Darkfost revealed that TON’s TVL remains steady at $300 million, maintaining a level of stability since the start of 2024. This resilience in liquidity and locked value suggests a level of sustained confidence in the platform’s fundamentals. Is $TON made for the long term ? Today, the only investor category still in profit on TON is the long-term investors. ➡️ Currently, investors who have held their positions for over one year are still enjoying a 69% profit, whereas short-term investors are incurring losses. To… pic.twitter.com/59cQ5diEMy — Darkfost (@Darkfost_Coc) February 24, 2025 Toncoin: Ecosystem Activity and the Role of Workchains Beyond price and profitability, another important indicator of TON’s long-term potential lies in its blockchain activity. Darkfost notes that examining the masterchain and workchain can provide valuable insights into the project’s adoption. The TON workchain, a flexible blockchain layer designed for executing smart contracts and handling user transactions, has demonstrated consistent activity throughout the year. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Notably, the “Hamster Kombat” phenomenon earlier in 2024 caused a noticeable uptick in network usage, highlighting the workchain’s capacity to support various applications and drive engagement. Meanwhile, the masterchain serves as the network’s backbone. By storing global configuration data, validator states, and hashes from all workchains, the masterchain ensures that the entire ecosystem runs smoothly. According to Darkfost, the ongoing growth of the masterchain highlights TON’s structural stability and increasing adoption. These factors collectively point to an ecosystem that has not only maintained but also expanded its operational scope amid broader market challenges. The analyst wrote: In conclusion, the TON ecosystem has developed impressively throughout 2024, maintaining robust activity and a solid TVL despite a general decline in crypto market interest. TON appears to have established itself in the crypto ecosystem for the long term. Featured image created with DALL-E Chart from TradingView

Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Gaussian Channel Shows Continued Bullish Strength For Dogecoin Dogecoin’s price trajectory has been highlighted by a decline since mid-January. This decline has seen Dogecoin fall by as high as 47% from a lower high of $0.4159 on January 18. The price correction is even more pronounced when considering its multi-year high of $0.475, which it achieved on December 9, 2024, from which Dogecoin has now corrected by approximately 54%. This notable correction has also seen the development of a few bearish signals on the Dogecoin price chart. One such bearish development is the rejection at a macro resistance and the failure to reclaim the macro golden pocket in the recent week.  However, despite the notable correction in the Dogecoin price, the meme coin seems to be still trading in an uptrend in the longer term. This long-term outlook is revealed through the analysis of Dogecoin on the weekly candlestick timeframe using the Gaussian Channel. The Gaussian Channel is a lesser-known technical analysis tool that helps identify trends and cycles in price movements by highlighting green and red zones in different market cycles. The green zones represent periods of upward momentum, where the price is expected to keep growing. On the other hand, red zones indicate periods of correction or consolidation, during which the market pauses before resuming its upward trajectory.  According to a Dogecoin price chart shared by crypto analyst Trader Tardigrade on social media platform X, Dogecoin entered into its most recent green zone on the Gaussian Channel in 2024. However, despite the recent correction, it has remained in this green zone, indicating that Dogecoin’s uptrend is still active in the long term.  Image From X: Trader Tardigrade Long-Term Price Target For DOGE With the Gaussian Channel still indicating the green zone for Dogecoin, the rally could resume anytime soon. According to Trader Tardigrade’s projection, this rally will be enough to push DOGE above multiple resistance levels at $0.3, $0.4, and the recent multi-year high of $0.475. If momentum builds and buying pressure increases, Dogecoin may even retest its all-time high of $0.7316, which has remained unchallenged since the peak of the 2021 bull run.  Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Beyond these immediate targets, Tardigrade’s analysis suggests that the meme coin’s long-term trajectory could extend well beyond the $1 mark. The forecast envisions an even more aggressive rally that could see Dogecoin climbing as high as $4.1. At the time of writing, Dogecoin is trading at $0.247, up by 1.5% in the past 24 hours but down by 25% since the beginning of February. Featured image from TheStreet, chart from TradingView

XRP’s price action has taken a step back over the past week, with momentum slowing down amid broader market consolidation. After starting the previous week around $2.75, XRP has struggled with a pullback as sellers controlled most of the just-concluded trading week.  Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Interestingly, crypto analyst Egrag Crypto has outlined opti mistic scenario where the XRP price could enter a bullish trajectory that sets up short-term targets of $4–$6 and long-term projections as high as $60. Critical Resistance Around $3 Holding Back XRP’s Rally At the time of Egrag Crypto’s analysis, XRP was trading at $2.67 on a brief extension of its losses from $2.75. As the analyst noted, XRP has been facing heavy resistance around the $2.75 to $3.00 range. This zone has historical significance, as it marks a psychological threshold from the altcoin’s previous all-time highs levels around $3.40. As such, Egrag Crypto noted that a monthly close above $3.00 would translate into a strong bullish momentum, while a rejection could cascade into a pullback towards support levels.  Should XRP manage to clear $3.00, the next major resistance levels align with Fibonacci extensions at $4.30 and $6.40. What this essentially means is that a strong monthly close above $3 will give XRP the free reign tp push above its current all-time high and it most likely will not meet a strong resistance level until it reaches $4.30 or $6.40. Beyond the short-term resistance at $3.00, Egrag’s analysis suggests that XRP is forming a Parabolic ARC pattern with three distinct phases. These three phases each have their own price targets of $33, $50, and $60 depending on the path it follows. These paths are highlighted in the XRP price chart below.  The breakout sequence follows a structured roadmap in the event of a breakout above the Fib 1.618 extension level at $6.40. If surpassed, this could open XRP to a long-term price rally to $8, $13, $27, and even $67 based on Fibonacci extension levels. Rejection At $3 Could Derail XRP’s Price Breakout Despite the promising setup, there are still risks of a rejection at $3. A failure to reclaim $3 could force XRP into an extended period of sideways movement or, worse, a retracement toward $1.90–$2.00. If market sentiment weakens further and XRP breaks below $1.90, it could indicate a shift toward a deeper correction, with $1.00, or even as the next downside risk level. This extreme case is currently unlikely, though, except there’s something that the analyst calls a ‘Black Swan’ across the entire crypto market. Related Reading: Dogecoin $3 Dream: Whale Activity Hints At A Surge—Details However, the current market trajectory suggests that the overall bullish structure remains intact, provided XRP holds above key levels, and volume confirms momentum in the coming weeks. At the time of writing, XRP is trading at $2.57. Featured image from Haberler, chart from TradingView

Dogecoin (DOGE) has once again captivated the crypto market, as significant investors have initiated transactions that suggest a potential price increase. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto DOGE billionaires have amassed approximately 110 million tokens in the past 48 hours, indicating a significant level of interest in the meme-inspired cryptocurrency. Although some analysts interpret this as a positive sign, technical indicators show the path ahead may not be as smooth as some might expect. Whales Make A Splash With 110 Million DOGE Wealthy buyers has recently loaded up their bags with millions of Dogecoin tokens. Although this buying has led to rumors of a possible breakout, it is common for whales to gather assets before big price changes. The price of DOGE is about $0.244862 right now. Its high point for the day was $0.247588 and its low point was $0.243102. It looks like whales are getting ready for a possible upswing during this accumulation phase, but it’s not clear if this will lead to a continuous rise. Key Resistance And Support Levels In Focus A technical study shows that Dogecoin is now facing strong resistance between $0.2556 and $0.2650. If the bulls break through these levels, a bigger rise could start. Even so, the fact that it failed to break through support could lead to a retracement or more stabilization. The most critical support zone for #Dogecoin $DOGE is between $0.19 and $0.16. If this level holds, the $3 target remains a strong possibility. pic.twitter.com/VZyqSM2p8U — Ali (@ali_charts) February 22, 2025 DOGE’s weakness is that it needs strong support at $0.19 and $0.16. According to crypto analyst Ali Martinez, it is very important for the meme coin to stay above these support zones in order to keep any positive progress going. If this support doesn’t cave in, the $3 target for the meme coin remains a strong possibility, Martinez said. But, if DOGE drops below these values, a more severe correction may be on the way. Technical Indicators & Mixed Signals Despite the buildup of whales, technical signs suggest a more cautious stance. At the moment, the Relative Strength Index (RSI) is close to neutral. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of bearishness, indicating that there can be pressure to the downside. In order to ascertain whether whale activity will be enough to reverse the present negative momentum, traders are keeping a careful eye on these indications. Because of the contradicting messages, it is unclear what DOGE will do next. Could Dogecoin Ever Make It To $3? Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? The idea of Dogecoin hitting $3 has the cryptocurrency community excited, but this is still only a theoretical goal. Although considerable accumulation indicates confidence among large participants, the feasibility of such a price hike will ultimately depend on market conditions and technical resistance levels. Featured image from Pexels, chart from TradingView