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Pi Network seems to be losing ground as Pi Coin price continues to face strong selling pressure, dropping another 4% and slipping under $0.70. Furthermore, the PI trading activity in the ecosystem is also dropping, showing that the investors’ euphoria is fading away quickly. Also, the PI token unlocks happening over the past week and so have led to a negative sentiment.

Pi Network Faces Backlash Despite PiFest Announcement

Earlier today, the Pi Core team announced that the inaugural PiFest on the Open Network saw record participation, with over 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers utilizing Map of Pi, while highlighting Pi’s real-world utility worldwide.

However, the community doesn’t seem to be pleased by this. Commenting on the reality of the PiFest, Dr. Altcoin noted: “Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash”. While slamming the core team further, Dr. Altcoin stated that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community”.

Other community members have slammed Pi Core Team’s communication approach, stating that it has remained unchanged since the enclosed mainnet phase. Critics like Dao world argue that the monthly updates are too predictable and insufficient for sustaining a large and engaged community.

Community members are now advocating for a more transparent communication strategy, with calls for a new leadership figure who has a deep understanding of cryptocurrency.

Pi Network Reduces Base Mining Rate by 1.18% This Month

The Pi Network’s base mining rate has dropped by 1.18% this month, now standing at 0.0029030 π per hour. This adjustment continues the network’s trend of gradual mining rate reductions. Some community members speculate that the declining interest in mining may be linked to Pi’s current low trading value on exchanges.

Despite talks of the Pi Network listing on top crypto exchanges like Binance and Coinbase, it hasn’t fructified so far. However, the BTCC exchange stated that it has added the cryptocurrency for spot trading, but it failed to add any upward momentum to the Pi coin price.

Where’s Pi Coin Price Heading Next?

Over the past seven days, the Pi coin price has tanked by 20%, with the next crucial support levels at $0.60. Furthermore, the correction under $0.70 comes with heavy selling pressure as daily trading volumes tanked 52% to $148 million.

Pi Network is currently forming a classic falling wedge pattern, testing the lower boundary near $0.687. A confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move, potentially pushing the price toward $0.75–$0.78, where key resistance levels lie.

Some market analysts still have the hope that PI cryptocurrency could reverse the trajectory to hitting highs of $3 and above. Our Pi Coin prediction shows it to trade under $0.60 for the month of April.

The post Pi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero? appeared first on CoinGape.

1 Apr 2025, 11:58 pm

PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto.

PENDLE Price Jumps 8% Amid Bullish Whale Transactions

As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively.

On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount.

Here Are The PENDLE Whale Addresses Captured:

-0x21fBA58b20f62397c015b1f5a15f742ad430dFA
-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
-0x981D8856f572Fb076626265114EAD67697dA5501
-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6

Why Are Whales Accumulating?

Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month.

As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities.

Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing.

Can Bullish Developments Fuel Bull Run Ahead?

Usual market sentiments continue to tilt in favor of bulls, given the Coinbase listing and rising whale accumulations. Further, a renowned crypto market trader has poured additional optimism surrounding the coin’s future price action with his bullish prediction.

Analyst AMCrypto recently took to X, revealing that PENDLE price is forming an “inverse head and shoulder pattern.” This pattern formation suggests that a potential trend reversal from bearish to bullish is brewing amid bullish advancements.

In light of this dynamic, the analyst predicts that a break above $3 paves the way for a massive rally ahead. As mentioned above, the coin is currently trading above this price level. As a result, market watchers continue to weigh further bullishness on the asset’s long-term price prospects.

The post PENDLE Price Jumps 8% Today Amid Huge Whale Accumulation appeared first on CoinGape.

1 Apr 2025, 11:10 pm

The EOS Network has unveiled the Vaulta Banking Advisory Council, a move that has propelled EOS price up by 16% in 24 hours to a two-month high. Following this rise, the EOS market capitalization has also surged past $1 billion for the first time since mid-February. 

Vaulta Banking Update Triggers EOS Price Rally to 2-Month High

The Vaulta Banking feature, which was introduced by the EOS Network last month, has been boding well for the EOS token. In the last seven days, EOS price is up a staggering 40%, with the ecosystem’s growth playing a major role in boosting buyer confidence.

Vaulta is a feature that seeks to bridge the traditional banking industry with Web3. With traditional financial institutions like BlackRock expanding their crypto presence, such a tool could gain massive adoption. 

More importantly, EOS has revealed the Vaulta Banking Advisory Council. It noted, 

“To bridge traditional finance and Web3, we’ve brought together seasoned leaders from banking, fintech, and digital assets. Their strategic guidance ensures Vaulta stays compliant, credible, and ready for mass adoption.” 

At the same time, it added that Vaulta will bring Web3 to portfolio investment including real estate and commodities through Real World Asset (RWA) tokenization. 

These developments around Vaulta are driving a massive rally for EOS price despite a broader crypto market crash. 

EOS Technical Analysis After Bullish Breakout 

The gradual uptrend recorded by EOS price in the last seven days and the uptick in buying activity have triggered a bullish breakout from a descending parallel channel. This breakout suggests that the trend has flipped from bearish to bullish. 

The RSI indicates that the EOS price rally is due to a surge in buying activity. This indicator stands at 77, a sign that EOS is about to be overbought, which could cause a short-term reversal before the trend continues. However, the ADX line is rising, which shows that the bullish momentum is getting strong. 

These bullish signals show there is room for more upside for the EOS price, which could see it reach the 227.2% Fibonacci level of $1.05. 

Funding Rate HeatMap Shows Extreme Short Positioning

The funding rate heatmap from Coinglass shows extreme short positioning on the EOS token. At press time, EOS had a funding rate of -277%, indicating that short sellers are willing to pay a higher funding fee to maintain their positions. This suggests traders do not anticipate EOS to sustain the momentum, and they expect the price to reverse as traders sell to book profits. 

However, despite the increased number of short sellers, the Vaulta banking feature, bullish predictions from other analysts, and the surge in buying activity depicted on the 1-day chart suggest that it is possible for the altcoin to extend its gains, and possibly reach $1. 

The post Why is EOS Price Up 16% Today? appeared first on CoinGape.

1 Apr 2025, 10:59 pm

On Tuesday, $115 billion asset manager VanEck filed for a BNB exchange-traded fund (ETF), the latest among its list of other crypto ETF filings. This has led to a 42% surge in BNB Coin’s trading volume, surpassing $2.12 billion, with analysts closely monitoring a potential BNB price rally to all-time highs.

In BNB Price Ready for A Mega Rally?

BNB Coin has performed relatively well over the past month compared to Bitcoin and other altcoins. While BTC and top altcoins like ETH, SOL, XRP saw double-digit losses in March, BNB Coin is down just 1% on the monthly chart. After a strong consolidation of around $610 levels, the BNB price could be eyeing a strong breakout to new all-time highs.

BNB Burn and Pascal Hardfork Offer Support

BNB Coin features a real-time burn mechanism that permanently removes a portion of gas fees from circulation. Over the past seven days, 951.85 BNB worth $571,747.74 was burned, contributing to a total burn value of nearly $160 million, as per data from BNBBurn.

BNB’s price recently gained momentum following the implementation of the Pascal hard fork, which enhanced its compatibility with Ethereum. The network is preparing for additional hard forks this month and in June, aimed at further improving transaction speeds.

Additionally, BNB Chain is gaining a lot of popularity among meme coins, adding support for Mubarak meme coin, CZ’s Dog BROCOLLI meme coin, and others.

Looking at the technical setup, the BNB price chart shows that the altcoin is forming a cup-and-handle pattern, along with an ascending channel pattern formation, as shown in the image below.

On the other hand, BNB price is trading above the 50-day moving average, which is a positive indicator. But for the altcoin to kickstart a rally to its all-time high of $790, it must first complete the handle formation at $662, and give a breakout above that level.

As of press time, BNB Coin is trading at $603 levels with its daily trading volume up by 42%, surging past $2.12 billion. Furthermore, the Coinglass data shows that the BNB options trading volume is also up by 46%.

VanEck Files for Spot BNB ETF

$115 billion asset manager VanEck filed for the spot BNB ETF in Delaware on Tuesday, April 1, which could serve as a major catalyst for the BNB Coin rally ahead. The proposed BNB ETF would follow the price of BNB, the fifth-largest cryptocurrency by market capitalization.

Apart from BNB, VanEck has already submitted crypto ETF applications for Bitcoin, Ether, Solana, and Avalanche. VanEck filed for SEC approval last month to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.

The post Will BNB Price Rally to ATH After VanEck BNB ETF Filing? appeared first on CoinGape.

1 Apr 2025, 10:01 pm

Circle, the issuer of the USDC stablecoin, has filed for an initial public offering (IPO), marking a major step toward becoming a publicly traded company.

The firm has submitted its prospectus to the Securities and Exchange Commission (SEC), aiming to list its shares on the New York Stock Exchange under the ticker symbol “CRCL.” This move comes at a time when the U.S. government appears to be becoming more favorable toward cryptocurrency and blockchain-based technologies.

USDC Issuer Circle Files for IPO

Circle’s decision to go public follows years of anticipation. The company first attempted to enter the public markets via a merger with a special purpose acquisition company (SPAC) in 2021. However, this effort was halted due to regulatory concerns and timing issues with the SEC.

Since then, Circle has worked to position itself as a more integral player in global finance, including relocating its headquarters from Boston to New York’s One World Trade Center.

In 2024, Circle submitted a draft registration statement for its IPO with the SEC, move that has been made in light of the growing influence of stablecoins in the crypto-market. In the case of IPO, it will give Circle access to public funds, and investors a chance to invest in a company that has been active in cryptocurrency for several years now.

Financial Performance and IPO Valuation

Circle reported a significant increase in its revenue for 2024, with its total revenue reaching $1.68 billion, up from $1.45 billion in 2023. A large portion of this income came from reserve income related to its stablecoin operations. The company’s net income for the year stood at approximately $156 million, though this was a decrease from $268 million in 2023.

The IPO is expected to value Circle at between $4 billion and $5 billion, with JPMorgan Chase and Citigroup acting as the lead underwriters.

The company’s created stablecoin USDC is now among the biggest and most popular stablecoins available in the cryptocurrency market having a market capitalization of around $60 billion.

Regulatory Climate and Crypto-Friendly Shift

Circle’s decision to go for the IPO can also be seen as a signal of a change in the regulatory outlook of cryptocurrencies in the US. The current government under the presidency of Donald Trump is more receptive and inclined towards formulating favorable crypto laws. This is a change that has given more assurance to firms in the crypto space such as Circle, which now has a chance to conduct its operations under a friendly regulatory environment.

Analysts have noted that the US authorities may introduce legislation regulating stablecoins this year, which will allow Circle to strengthen its position in the market. Such moves also show the increasing role of stablecoins in the context of the company’s cooperation with exchanges like Coinbase that have committed to sharing revenues generated by USDC.

But, Circle is not alone in the crypto-related firm trying to list it on the stock exchange. Another big player in the sphere of blockchain, Ripple, is also believed to be considering going public. Although facing continued regulatory scrutiny from the SEC, Ripple has obtained a strong standing in the cryptocurrency market, especially in cross-border payments, which puts the company in the position to possibly mimic Circle.

The post USDC Issuer Circle Files for IPO Amid Crypto-Friendly US Regulatory Shift appeared first on CoinGape.

1 Apr 2025, 8:06 pm

Bitcoin (BTC) price is surprisingly trading in the green as the broader financial landscape gears up for the implementation of President Donald Trump’s reciprocal tariffs. Despite the current rally, it remains unknown how the BTC price will react to the tariffs in the long term. Bitcoin is known to exhibit short-term reversal to macroeconomic uncertainties, a trend many believe may play out again.

State of the Donald Trump Reciprocal Tariff

One of the most crucial policies in the Donald Trump administration is levying tariffs on key trade partners. While this move is considered a commensurate measure to match what other trade partners are levying on US goods, the aftermath has toppled the market.

Almost all big economies, including Russia have received Tariff threat from the US government. This threat is bound to be matched by the countries involved, including Canada, Mexico, China, and the European Union. With Trump’s tariff kickstarting on April 2, Mexican President Claudia Sheinbaum has revealed that reciprocal measures will be announced on April 3.

This tariff war is poised to offset the mainstream stock market. The signs are already visible in the S&P 500, which has dropped by over 2% in the past five trading days. Similar negative sentiment is seen for the Nasdaq Composite and the Dow Jones. The correlation between Bitcoin price and the mainstream financial market remains a fueling factor behind potential negative shifts in the market moving forward.

Bitcoin Price is Yet to Adjust

As of writing, the price of Bitcoin has rallied 3.44% in 24 hours to $85,186.47, according to CoinMarketCap data. However, the coin’s price has experienced a unique drawdown over the past week, dropping 2.79%.

Since President Trump took office, the price of Bitcoin has experienced a mix of positive and negative sentiments. Amid the positive shifts, the BTC price hit $109,114 ATH on January 20, corresponding with President Trump’s inauguration.

Since the all-time high milestone, Bitcoin price has fallen by over 20% to date. With the trade wars forming a headwind for the coin, more volatility is expected in the short term.

With the trade war and reciprocal tariffs, inflation will soar again, forcing the Federal Reserve to adjust its interest rate policy. Should rates be slashed to boost the monetary landscape, it can set a basis for more BTC adoption, leading to a price surge in the long term.

BTC Price and Key Tailwinds to Watch

While April started positively for the top coin, the month still holds uncertainties per the trade war. However, some important tailwinds are at play that may influence market valuation moving forward.

The US government’s strategic Bitcoin reserve might serve as a basis for more nation-state adoption in the long term. Institutional investors are also betting on BTC, creating a high demand for the coin.

Despite the current volatility, top advocates advise buying now with hopes of a rebound soon.

The post How Will The Bitcoin Price React To Donald Trump’s Reciprocal Tariffs? appeared first on CoinGape.

1 Apr 2025, 5:30 pm

Although XRP price surged to $2.20 recently, will it ever hit the historic $10 mark if Congress’s Stablecoin billion Ripple’s RLUSD stablecoin? Considering that Ripple is a US-based company with close ties to President Trump, is this scenario unlikely, or could it happen in a few years? If successful, will this event be enough to push the XRP price to $10?

Ripple (XRP) Stabilises at $2 as US Congress Reviews Stablecoin Bill on April 2

The cryptocurrency market witnessed a significant recovery this week, with Ripple’s XRP rebounding 5% from a local bottom of $2 to a high of $2.20 on Tuesday.

The sharp 5% XRP price recovery comes as investors anticipate regulatory developments that could boost Ripple’s ecosystem, particularly with the US Congress set to review a new stablecoin bill on April 2.

The bill, expected to provide a regulatory framework for stablecoins, could play a crucial role in the adoption of Ripple’s RLUSD, a stablecoin designed to enhance liquidity and efficiency in cross-border payments.

In recent weeks, Ripple executives have consistently advocated for regulatory clarity in the stablecoin sector, arguing that well-defined rules will drive institutional adoption of digital assets.

Industry experts suggest that the official US stablecoin regulation bill could be pivotal growth driver for XRP price action in April 2025, with RLUSD positioned as a viable option for compliant on-chain settlements.

Can Regulatory Clarity Drive XRP Price Rally?

If outcome of the US Congress’ Stablecoin bill favors Ripple’s approach, XRP could experience a parabolic price surge, with some analysts predicting a climb toward the $10 mark in April.

Validating this narrative, analysts believe that XRP’s bullish momentum could intensify if the stablecoin bill provides a favorable regulatory environment for RLUSD and other crypto assets tied to Ripple’s payment solutions.

Historically, regulatory clarity has been a key driver of price surges for assets like Bitcoin and Ethereum, and a similar impact could be seen for XRP.

Another major catalyst for XRP price action it the recent closure of its long-standing legal battle with the SEC, which had hindered broader institutional adoption in previous year.

However, a pro-crypto stance from Trump’s administration, Ripple is poised to gain further traction in the payment and remittance sectors fruther expanding utility and adoption of the XRP native coin.

Meanwhile, macroeconomic factors such as increased institutional interest in digital assets and a growing demand for stablecoin-backed payments could further support XRP’s upward trajectory.

As US lawmakers finalize discussions on stablecoin regulations, Ripple’s strategic positioning in the sector could prove instrumental in driving substantial price gains for XRP in April.

XRP Price Forecast for April 2025

XRP’s recent price recovery to $2.20 on Tuesday reflects growing optimism surrounding the stablecoin bill review set for April 2.

If US Congress establishes clear regulations that favor Ripple’s RLUSD, the resulting institutional confidence and adoption could propel XRP toward the $10 mark in the coming weeks.

With regulatory clarity acting as a potential catalyst, investors will be closely monitoring the developments in Washington to gauge XRP’s next big move.

Technical indicators also align with a bullish outlook, with XRP’s price recovery to $2.20 signaling renewed buying momentum as traders anticipate regulatory clarity from the upcoming U.S. stablecoin bill review.

The chart below shows XRP price recently bounced off the lower Donchian Channel band near $2.02, confirming a strong buying support at that level.

The falling wedge pattern, a bullish reversal structure, formed over several days before XRP decisively broke above the upper trendline. This breakout, supported by increased trading volume, indicates a shift in momentum. XRP now targets the $2.21 resistance, with a measured move from the wedge suggesting a rally toward $2.50.

The Donchian Channel’s upper boundary at $2.21 aligns with immediate resistance, while the lower boundary at $2.02 marks key support. The RSI at 46.74 shows improving bullish momentum, recovering from oversold conditions. A move above 50 would reinforce upside strength.

If XRP sustains momentum above $2.14, the next major target is $2.50. However, failure to hold this level could see a retest of $2.02 support before another breakout attempt.

The post XRP Price Predicted to Reach $10 in April if US Congress Stablecoin Bill Promotes Ripple’s RLUSD appeared first on CoinGape.

1 Apr 2025, 4:37 pm

During a briefing on April 1, Representative French Hill addressed the ongoing discussions surrounding the regulation of stablecoins. One key aspect that has garnered attention is the proposal to allow consumers to earn interest on their stablecoin holdings.

However, Hill rejected this proposal, stating that there is no consensus among lawmakers to support it. The debate has become a point of focus as the U.S. Congress moves closer to passing new legislation for stablecoins.

French Hill Points Lack of Consensus Among Lawmakers

Rep. French Hill, who represents Arkansas, made it clear that there is currently no agreement on the proposal for consumers to earn interest on stablecoins. In his remarks, Hill acknowledged the concerns of those advocating for this change but emphasized the lack of consensus among both the House and Senate.

“I hear the point of view but I don’t think that there’s consensus among the parties or the houses on having a dollar-backed payment stablecoin pay interest to the holder of that stablecoin,” Hill stated during the briefing.

French Hill comments come as part of ongoing discussions on the “STABLE Act” (H.R. 2392), which seeks to regulate stablecoins in the U.S. The legislation, in addition, aims to provide clear guidelines for stablecoin issuers and establish a framework for how these digital assets can be used in financial transactions. However, the bill, as it stands, does not include provisions for stablecoin holders to earn interest.

The STABLE Act and Recent Amendments

The latest version of the STABLE Act, referred to as the Amendment in the Nature of a Substitute (ANS), was made available on the Financial Committee’s website on the morning of April 2, 2025. This updated version of the bill includes recent amendments and additions. The ANS will serve as the basis for the upcoming markup session set for April 3, 2025.

Despite calls from industry advocates for a more modern approach that includes interest-bearing stablecoins, the STABLE Act does not appear to have embraced these proposals.

Critics argue that the legislation, as it stands, limits the potential benefits of stablecoins by restricting consumer access to interest. Those pushing for change believe that this missed opportunity may hinder the growth and development of the stablecoin market.

Industry Advocacy for Interest-Bearing Stablecoins

Subsequently, the debate over stablecoin interest is not limited to policymakers. Industry leaders and cryptocurrency advocates have voiced their concerns over the current legislative direction. For example, Brian Armstrong, the CEO of Coinbase, unlike French Hill has argued that stablecoins should be allowed to pay interest to their holders, similar to how savings accounts offer returns to consumers.

Armstrong highlighted the potential benefits of allowing consumers to earn onchain interest, stating that it would democratize access to higher yields and provide more financial opportunities for the general public.

“Consumers deserve a bigger piece of the pie. Opening the door for onchain interest will force us all to up our game for the ultimate benefit of consumers,” Armstrong said in a recent statement. He additionally emphasized that by enabling interest-bearing stablecoins, both the U.S. economy and global consumers would benefit from increased access to financial resources.

The post Rep French Hill Rejects Proposal for Interest on Stablecoin Holdings appeared first on CoinGape.

1 Apr 2025, 4:01 pm

BlackRock, Inc., the American multinational investment company, is in the spotlight. Reports indicate that the firm with $12 trillion in assets under management is now a registered crypto asset firm with the UK Financial Conduct Authority (FCA). Notably, this recent development has spurred conversation on what it means for the future of the company and the digital asset market.

BlackRock and the New UK FCA Status

According to the FCA website, BlackRock is now the 51st firm approved to handle crypto-related assets in the UK. This registration, confirmed on April 1, 2025, has paved the way for BlackRock to enter a growing market. 

According to the update, BlackRock had to follow strict rules set by the Financial Conduct Authority (FCA), which monitors financial businesses to ensure they operate safely and fairly. 

Furthermore, with this approval, BlackRock can now offer crypto products and help clients trade digital currencies legally and safely in the United Kingdom. 

Following this move, market experts believe that major companies like BlackRock view cryptocurrency as a valuable asset worth investing in. Given the firm’s massive size—managing more assets than most countries—this move sends a strong signal to other banks and investment funds. 

It could encourage the UK to become a leading hub for cryptocurrency, especially with Europe closely observing the developments.

The BlackRock ETF Milestone

It is important to state that BlackRock is no stranger to the digital asset market. In January 2024, it launched an exchange-traded fund (ETF) called iShares Bitcoin Trust (IBIT) in the US. 

Interestingly, the investment fund quickly grew, pulling in billions from investors who wanted to acquire Bitcoin through the firm. While the BlackRock Bitcoin ETF has recorded distinct outflows, it is recognized as the most successful issuer in the market.

With its advancement in the UK and EU, BlackRock intends to bring a similar Bitcoin product to Europe. Experts are speculating that a European Bitcoin ETF could be the next step, following the success seen in the US. 

This breakthrough is crucial because it connects cryptocurrency to mainstream investing, making it appear less risky to the general public. Analysts believe it could cause the Bitcoin price to rally as more investment capital enters the market.

Is BlackRock Planning an XRP ETF?

Presently, talks are swirling about whether BlackRock might surpass the Bitcoin spot ETF. Some experts are observing whether an XRP ETF tied to the Ripple coin is in the works. 

CoinGape reported that in a recent interview, Ripple CEO Brad Garlinghouse was asked about a potential collaboration with BlackRock to file for an XRP ETF in the US. While Garlinghouse did not confirm any partnership, his response suggested that such a move could make sense for the XRP community, fueling speculation.

XRP enthusiasts and community members hope that BlackRock’s crypto pivot in the UK will boost the crypto ETF scene even more. 

The post BlackRock Registered as Crypto Asset Firm By UK FCA appeared first on CoinGape.

1 Apr 2025, 2:33 pm

Bitcoin price surged past $84,500 after a strong rebound, fueled by institutional purchases and Blackrock ETF inflows. Will BTC maintain momentum?

Bitcoin (BTC) Rebounds Above $85,000 as Multiple Firms Announce BTC Purchases

Bitcoin (BTC) 3.7% rebounded on Tuesday after overhang from Trump’s tariffs triggered market-wide sell-offs on Monday.

According to TradingView data, Bitcoin opened trading at $82,550 before rising 3.7% to reclaim the $85,499 level.

While BTC price has retraced to find support at $85,149 at press time, rising trading volume confirms continued buying support at current price levels.

At press time, standout catalysts for the rebound include recent BTC purchase announcements from multiple U.S.-based firms and an upcoming stablecoin legislation review in Congress on Wednesday April 2.

MicroStrategy, Tether, and Japan-based Metaplanet all announced fresh Bitcoin purchases in the last 24 hours.

Blackrock’s IBIT ETF Investors Post $15M BTC Inflows After Larry Fink’s Latest Statements

Bitcoin ETFs recorded aggregate net outflows of $60.6 million on Monday, marking successive losing days for the first time since March 14, according to the latest data from analytics platform Fairside.

A closer look at transaction stats shows that Blackrock’s IBIT ETF stood out, posting $15 million in inflows. This development follows Blackrock CEO Larry Fink’s annual letter to shareholders, in which he hinted that Bitcoin could challenge the U.S. dollar as the world’s dominant reserve currency amid growing national debt concerns.

“Bitcoin is increasingly viewed as an alternative to traditional fiat currency systems, especially as national debt levels continue to rise globally,” Fink noted.

Institutional interest in Bitcoin continues to grow, as seen in the divergence between IBIT and other ETFs, many of which saw net outflows. Fidelity’s FBTC, for example, recorded a $19.9 million outflow, while Grayscale’s GBTC lost $32.6 million in capital on Monday.

ETF flows remain a critical indicator of institutional sentiment, and Blackrock’s sustained inflows suggest confidence in Bitcoin’s long-term viability. Analysts speculate that if IBIT’s trend continues, Bitcoin price could maintain support above $82,500 and potentially push toward the $85,000 resistance level later this week.

Bitcoin Price Forecast: BTC Targets $88,000 Amid Bullish Momentum, But Key Resistance Looms

Bitcoin price forecast indicators show that BTC has surged to $85,078 at press time, posting a 3.06% gains on the daily timeframe.

The Bollinger Bands suggest volatility expansion, supporting further gains toward the upper band at $88,244. However, rejection at this level could trigger a pullback to $82,500, aligning with the lower band support at $80,749.

The MACD histogram prints a bullish crossover with the blue MACD line reversing upward, signaling improving momentum. However, the indicator remains negative, reflecting lingering bearish pressure. A confirmed cross above the signal line would validate sustained upside potential.

If BTC clears $85,500, momentum could extend toward $88,000. Failure to hold above $84,500 may invite selling pressure, leading to a retest of $82,500. Traders should monitor ETF inflows and macroeconomic cues for confirmation. While bullish momentum builds, strong resistance at $88,244 must break for further upside validation.

The post Bitcoin Price Forecast: Blackrock’s IBIT ETF Investors Post $15M Inflows After Latest BTC Insights from Larry Fink appeared first on CoinGape.

1 Apr 2025, 1:59 pm

Investors are saying goodbye to a lackluster March for asset prices as April began with a bang for crypto prices. On April Fools’ Day, investors are in the green but before prices drop, here are five crypto to sell.

5 Crypto To Sell On April Fools’ Day Before Price Drop

As April rolled by, CoinMarketCap data reveals the broader cryptocurrency market is on a strong uptrend with asset notching impressive gains. While traders may construe the green on their charts as an April Fools’ Day joke, some investors are keen on taking profits.

March failed to live up to expectation of traders and top cryptocurrencies recorded steep losses as Q1 came to a close. Despite a raft of positive fundamentals, the global crypto market capitalization settled at under $3 trillion. However, April brings a ray of hope as investors sell these five crypto before prices drop.

Compound (COMP)

Compound surged by 70% on April Fools’ Day following the listing of COMP by South Korean exchange Upbit. The listing news sent COMP to a three-month high of $71.04 while daily trading volumes surged by a near 1,400%.

While several traders are jostling for skin in the game, several investors are selling the COMP holdings to take profits. Currently, the initial fervour is waning with COMP trading at around the $46 with several indicators pointing at a broader selloff.

Bitcoin (BTC)

Bitcoin is heading toward the $85K mark, gaining nearly 3% on April Fools’ Day. However, there are fears that the top cryptocurrency may experience a sharp correction in the near future.

A weak manufacturing PMI and US JOLTs job data threaten to erase BTC gains on April 1. Furthermore, Asian countries are planning a joint response to US tariffs, stoking further bearish sentiment for Bitcoin. Bitcoin ETFs have offloaded $93 million to end a 10-day positive buying streak.

Ethereum (ETH)

While Ethereum is making a resurgence to reclaim $2,000, there are fears that the push will run out of steam. The second-largest cryptocurrency has gained nearly 4% and traded at $1,900 on April 1.

However, investors might want to sell ETH given the streak of negatives around the crypto. For starters, the ETH/BTC ratio has dropped to its lowest ebb in five years, painting a glum picture for Ethereum.

Apart from the recent growth spurt, Ethereum looks set to continue its poor run of form in Q1, losing 46% since the start of the year.

Solana (SOL)

Solana has recorded a jolt in prices as March came to a close on the backs of a broader market rally. However, investors are considering dumping the asset over the specter of an incoming steep correction.

Right out the bat, FTX’s $800m repayment is triggering worry for SOL holders following impending liquidations. An analysis predicts that SOL can drop to $100 following rejection at $145 as its memecoins face steep corrections.

Dogecoin (DOGE)

Dogecoin is hurtling toward $1 after an impressive showing on April Fools’ Day. The dog-themed coin currently trades at $0.1720, climbing by nearly 4% over the last day but investors are advised to take their gains.

For starters, the negative sentiments from Tesla CEO Elon Musk ruling out Dogecoin use by the US surrounds the asset. Furthermore, a falling wedge pattern for DOGE at the end of March and a false break out leave investors in doubt over the crypto.

The post 5 Crypto To Sell This April Fools’ Day Before Prices Drop appeared first on CoinGape.

1 Apr 2025, 1:24 pm

Dogecoin (DOGE) price surged 7% from its opening price of $0.16 to hit $0.18 on Tuesday, fueled by renewed market optimism and a key statement from U.S. President Donald Trump regarding Elon Musk’s role in government.

Dogecoin (DOGE) Surges 7% After Panic Sell-offs on Monday

Dogecoin was among the best-performing cryptocurrencies on Tuesday, significantly outperforming the broader market recovery. While leading assets such as Ethereum (ETH) and Solana (SOL) posted modest gains of less than 3%, DOGE rallied by over 7%, attracting heightened investor interest.

According to TradingView data, DOGE opened trading at $0.16 before climbing to an intraday high of $0.18. This strong upside movement reflects bullish sentiment as traders anticipate further gains if macro economic sentiment stabilizes.

Notably, the ongoing DOGE price recovery on Tuesday comes after last week’s turbulence, which saw DOGE struggle under macroeconomic pressures, including the impact of Trump’s tariff policies and broader crypto market volatility. However, Tuesday’s rally suggests that investors are regaining confidence in the meme coin’s prospects.

Trump Vows to Keep Elon Musk at DOGE for “As Long as Possible”

Dogecoin’s recent price struggles were partially attributed to uncertainty surrounding Elon Musk’s role in the Department of Government Efficiency (D.O.G.E). Speculation about Musk’s potential resignation created market jitters, leading to a temporary dip in DOGE’s value.

However, according to a report by USAToday, President Donald Trump has reaffirmed his commitment to keeping Musk in the administration for as long as possible.

“I’d keep him as long as I could keep him,” Trump said. “He’s a very talented guy. You know, I love very smart people. And he’s very smart, and he’s done a good job.”

– US President Donald Trump on Elon Musk’s participation in the Republican administration, March 31, 2025

Trump acknowledged Musk’s contributions to government efficiency efforts but also noted that his tenure could be nearing an end. “I think he’s been amazing, but I also think he’s got a big company to run,” Trump told reporters. “And at some point, he’s going to be going back. He wants to.”

Musk, serving as a special government employee, is currently overseeing DOGE’s cost-cutting initiatives but is expected to conclude his role by the end of May unless his government status is extended. Despite the potential transition, Trump’s endorsement of Musk’s work has eased concerns among Dogecoin traders, fueling short-term optimism that saw DOGE price outperform the likes of SOL, ETH and XRP, on Tuesday.

Dogecoin Price Forecast: DOGE Breaks 5-Day SMA, Eyes $0.20 if Momentum Holds

Dogecoin price forecast charts below show that the largest memecoin by market cap has surged past the 5-day SMA at $0.17 following Trump’s statement on keeping Elon Musk in government.

This clean break above the short-term moving average suggests firm bullish dominance, after the major panic sell-off on Monday.

DOGE’s uptrend could extend toward the $0.20 resistance if buyers sustain momentum. The recent rally aligns with higher volume inflows, confirming renewed investor interest. However, rejection at the 13-day SMA ($0.18) highlights an ongoing struggle between bulls and bears. A close above this level would validate further upside potential.

The bearish case remains as price action shows lower highs, signalling possible exhaustion. If DOGE loses support at $0.17, a decline to $0.16 could follow..

For now, DOGE’s bullish case holds as long as it trades above the 5-day SMA. Bullish swing traders may look for confirmation above $0.18 before targeting $0.20 in the coming days.

The post Dogecoin Price Forecast: DOGE Surges 7% as Trump Vows to Keep Elon Musk in Government appeared first on CoinGape.

1 Apr 2025, 12:57 pm

Popular Solana memecoin launchpad PumpFun has introduced its latest product PumpFi. As detailed, the firm developed the project as a financing solution aimed at improving access to digital assets. Following a rocky Q4 of 2024, PumpFun has decided to rebrand its corporate identity through new offerings.

PumpFun and the Essence of PumpFi

In the latest X post, PumpFun disclosed that PumpFi allows users to buy digital assets such as memecoins and NFTs through a payment plan. However, a buyer must make an initial payment covering one-third of the asset’s price to use the newly released platform.

The remaining balance is split into three equal monthly payments. Interestingly, no credit checks are required to access this service. The project was set up to make it easier for users to finance their digital asset purchases.

Similarly, many experts are of the opinion that through development of PumpFi, PumpFun intends to provide people using the platform more tools to access digital assets.

This launch is part of PumpFun’s deliberate effort to diversify its offerings and strengthen its position in decentralized finance (DeFi).

Notably, this corporate product may influence future trends within the Solana blockchain community amid current instability.

PumpFun, PumpFi and Solana Selloff

PumpFi was launched shortly after PumpFun and TRON collaborated to introduce PumpSwap. 

As reported by CoinGape, PumpSwap is designed to simplify token migrations and will function as a decentralized exchange. It also helps reduce costs associated with trading on the platform.

According to reports, PumpFun introduced PumpSwap in response to a sharp drop in memecoin production. The platform’s monthly revenue had fallen by nearly 60% in March 2025. Consequently, PumpFun used this launch to optimize its efforts to eliminate migration fees.

Many experts believe this move was part of the firm’s effort to improve liquidity within the Solana ecosystem. This comes as Solana’s price has experienced sell-offs, in line with the broader market trend.

Memecoin Revival Trend in View?

PumpFun’s latest product launches come as the memecoin market is experiencing fluctuations. Earlier this year, the platform experienced a surge in token launches. For example, on January 23 alone, over 70,000 new tokens were created on PumpFun. 

By late February, however, daily launches had fallen to around 25,000. This was largely because of the recent scandals and creation of pump and dump tokens that plagued the memecoin market.

This brought about a drop in user activity and interest. However, many experts are speculating that PumpFi and PumpSwap could be part of an effort to revive market enthusiasm. Essentially, by diversifying its products, PumpFun hopes to re-engage users in the memecoin space. 

Despite its efforts, some in the crypto community are responding to the PumpFi news differently. For example, some see the launch as an April fool’s hoax, while others maintain that it is a good development for the firm.

The post PumpFun Launches PumpFi as Product Diversification Bid Continues appeared first on CoinGape.

1 Apr 2025, 12:23 pm

Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.

Expert Reveals Time For XRP Price To Hit $27

In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.

Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.

In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.

In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.

Decision Time For The Altcoin

In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”

The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.

The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.

CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.

For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.

The post XRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge appeared first on CoinGape.

1 Apr 2025, 10:48 am

Dogecoin (DOGE) enthusiasts are closely monitoring the cryptocurrency’s movements after recent predictions suggest a potential rally. Analyst Javon Marks has made a bold forecast, claiming that Dogecoin price could see a significant price surge of over 270%.

As pointed out by Marks, if the DOGE price remains above the ascending trend, the price might break though the current highs and touch the levels as high as $0.6533. This is because such optimism has been attributed through trends seen in the performance of Dogecoin price in the past.

Dogecoin Price Trends Point to 270% Rally

At the current phase, Dogecoin price is highly likely to move toward bullish sentiment once again. Javon Marks highlighted that DOGE has been making higher lows since the recent swing low area. A healthy trend that has prevailed from last week is manifested by the higher lows, meaning the price is preparing for a surge up.

In his case, Marks predicts a $0.6533 target which is 270% above the current ones. Subsequently, Javon Marks also emphasized that every time DOGE price formed higher lows, it moved up to even higher levels.

This consistent behavior, coupled with the current trend, leads Marks to predict that a rally could be imminent. According to his forecast, the next wave could push Dogecoin price above its resistance levels and set new price records. This prediction follows Trader Tardigrade’s forecast of a “J-shaped rebound” for Dogecoin price, which may set a path to a new ATH.

Resistance and Support Levels for Dogecoin

Ali Charts, another crypto analyst, has outlined key resistance and support levels that traders should watch closely. He identifies $0.18 and $0.21 as key resistance levels. If the Dogecoin price breaks above these resistance levels, Dogecoin could trigger the next major rally.

On the other hand, Javon Marks also highlighted important resistance zones for the Dogecoin price. These include the $0.25 to $0.26 range, which has previously acted as a point of support but has now turned into resistance. If Dogecoin’s price drops below this range, it could find buying interest and potentially bounce higher. If the price fails to breach these resistance levels, it could indicate further downside movement toward the $0.16 area.

Furthermore, recent whale activity has caught the attention of analysts. According to Ali, whales have been accumulating large amounts of Dogecoin, with over 220 million DOGE purchased in March alone. This buying activity indicates that larger investors may be positioning themselves for a possible rally, further adding to the optimism surrounding Dogecoin’s price outlook.

DOGE Bullish Outlook Amid New Upgrade

Among other appealing scenarios of Dogecoin price prediction, there is a planned upgrade of the ecosystem that implies switching to a new consensus algorithm called Proof-of-Twerk (PoTW). In the whitepaper, this proposal elaborates on how the current Proof-of-Work (PoW) mechanism can be replaced with fun and games.

Similarly to Marks, Cantonese Cat also featured analysts on their chart that project a bullish reversal of Dogecoin. Based on the weekly chart, the DOGE price has painted several bullish signals such as the long-term diagonal trendline and a convergence between the 100-week and 200-week SMA crossover.

Cantonese Cat notes that Dogecoin’s recent price movements near this trendline are essential to watch. A successful retest and defense of this trendline could confirm the breakout, supporting the case for further price increases.

The post Analyst Predicts 270% Dogecoin Price Rally, Here’s When appeared first on CoinGape.

1 Apr 2025, 10:31 am

Pi Network price gained significant attention after reaching its all-time high of $2.98 in February. Since then, the price has been on a decline, leading some investors to consider selling. As the price approaches its all-time low (ATL), many are now exploring where and how to sell their Pi Coins. This shift in sentiment highlights the ongoing volatility of the Pi Network market. 

The price of Pi Network stands at $0.7118, following a 20% decrease during the past seven days. Over the last month, Pi Network’s price experienced a substantial 60% reduction. Most token owners eliminated their assets from their portfolios because of this bear market trend.

Market participants persist with their lack of enthusiasm because the currency’s value remains on a downward trend. Market participants are deeply concerned because of token unlock uncertainty which has resulted in a big sell-off. 

A big reduction in market value resulted in Pi Network’s loss of $14 billion. The market capitalization reduced dramatically to drop from its original $20 billion figure down to the current value of $4.76 billion. Will the Pi Network price prediction revisit above $1 mark soon?

Pi Network currently encounters multiple obstacles while trying to obtain exchange listings. Binance, along with Coinbase, joined the list of exchanges that show no willingness to list the token. 

Many barriers hinder the market’s recovery speed thus maintaining potential buyers at bay while generating more worries about the token’s upcoming performance.

How to Sell Pi Coin as Pi Network Price Approaches ATL

The cryptocurrency exchange platforms Gate.io, along with Bitget, OKX, and MEXC Global, currently support the sale and purchase of Pi Coin. Users can exchange Pi coins through various currency combinations available on these platforms. The Pair trading between Pi Coin and USDT has produced high trading volumes on the Gate.io exchange.

The mainnet launch from Pi Network will make Pi Coin accessible on open public trading exchanges. Before selling Pi Coin, you need to move your mined coins from the Pi Network app into a suitable wallet. 

The selection of wallets available to Pi Network users depends on the blockchain technology the network implements along with possible provisions built-in by Pi Network itself.

Users can start selling their Pi Coins after transferring them to compatible wallets so they can use exchanges that support trading of Pi Coin. When Pi Coin gets listed by mainstream exchanges including Binance and Kraken alongside Coinbase users will gain access to buying other cryptocurrencies and fiat currency.

You can sell Pi Coin prices by sending tokens to appropriate wallets and exchanging them through supported trading platforms. Sellers must exercise caution during periods when the price gets close to its ATL location

The post Where and How to Sell Pi Coin as Pi Network Price Near ATL appeared first on CoinGape.

1 Apr 2025, 10:10 am

Archax, the UK-based RWA Asset exchange, has made its strategic entry into the US markets after the Acquisition of Broker-Dealer firm Globacap.

This expansion and acquisition in US markets and particularly, in the hot sector of tokenized assets, comes after its acquisition of Spanish broker king and Shaxon Capital Markets in October 2024 which embarked its presence in the EU.

What does Archax’s Acquisition Mean for US Customers?

Globacap as the London-headquartered fintech company specializes in digital securities and private capital market automation. But with the acquistion, the FINRA and SEC regulated, Globacap Private Markets Inc., will be rebranded as Archax Markets US after the Anthrax acquisition.

The newly named entity of Archax Markets will serve as the gateway for the UK-based exchange to offer its RWA services to the US customers.

As the UK’s first digital securities exchange with regulatory oversight, Anthrax would be providing a fully regulated marketplace for trading tokenized securities, that includes private equity, bonds, and real estate-backed assets.

With its presence in Custodial & Digital Asset Custody division, it will also provide regulated custody services for digital securities, cryptocurrencies, and tokenized RWAs.

Further, as part of its partnership with Entoro Capital and Capturiant, Archax may offer tokenized carbon credits and sustainable investment opportunities in the U.S. markets.

With its tokenized RWAs services available for professionals and institutions, it can tokenize assets onto a number of DLTs/blockchains, including Algorand, Arbitrum, Ethereum, Etherlink, Hedera Hashgraph, Polygon, Solana, Stellar, XDC and XRPL.

Hello, USA.

The Archax vision has always been to offer our RWA products and services globally, and with our latest acquisition of a regulated broker/dealer/ATS in the US, this is now becoming a reality.

This transaction will enable Archax to extend its distribution and reach… pic.twitter.com/ne9EEsCCsm

— Archax (@ArchaxEx) March 31, 2025

The Growing RWA Sector in US

Its entry in the US market comes at a strategic timing when the RWA tokenization market is experiencing rapid growth, with projections estimating its value to reach $30.1 trillion by 2034.

As of December 2024, the tokenized RWA market, excluding stablecoins, is approximately around $15.2 billion, representing an 85% year-over-year growth. And if including stablecoins, the total tokenized market soared to $217.26 billion.

This expansion is driven by increased adoption in sectors such as real estate, commodities, and financial instruments such as bonds and equities. Further, it is fueled by institutional investments and the integration of decentralized finance (DeFi) platforms by traditional platforms.

Last week only, Fdelity filed to offer a digital U.S. money market fund on Ethereum, positioning itself alongside competitors like BlackRock and Franklin Templeton in the tokenized assets space. ​In UK, the Financial Conduct Authority (FCA) has announced a five-year strategy to support asset managers in tokenizing their offerings.

But as Archax enters the U.S. market, it is bound to face competition from several key players in the RWA market with its biggest competitors being INX Limited, Coinbase Institutional, Oasis Pro Markets, Securitize and tZERO. Thus, it remains to be seen how it brings its services in the market while maintaining regulatory compliance.

 

The post Archax, UK-Based RWA Exchange, Enters US Market with this Acquisition Deal appeared first on CoinGape.

1 Apr 2025, 9:20 am

Altcoins plunged in the first quarter as most of them lost momentum and the crypto fear and greed index slumped. SOL price initially jumped to a high of $295 in January and then erased most of those gains to the current $126. This article explores whether you should sell popular Solana rivals like Polkadot (DOT), Binance Coin (BNB), and Tron (TRX).

SOL Price is at Risk of Falling to $100

Solana price is at an increased risk of falling to $100 in the coming weeks. The daily chart below shows that a bearish flag pattern has slowly formed. This is a popular continuation pattern made up of two key parts: a vertical line and a rectangle continuation sign. It often leads to a strong bearish breakout. 

SOL price has formed a death cross pattern, and is now hovering above the key support at $120, where it has failed to move below since early last year. Therefore, these patterns point to a strong sell-off to the key support level at $100. A move above the upper side of the flag at $146 will invalidate the bearish outlook.

 

Polkadot (DOT)

Polkadot is one of the top Solana rivals to watch in April. Like SOL, it has crashed to a crucial support level at $3.6, where it has failed to move below in the past few years. 

On the positive side, the coin has formed a falling edge pattern, and is slowly forming an inverse head and shoulders pattern. That is a sign that it may stage a strong comeback in the coming weeks. This means that it is not ideal to sell this SOL rival this month.

 

Binance Coin (BNB)

The BNB coin has done better than other Solana alternatives. It remains just about 20% below its all-time high. The main bullish case for the coin is that the developers are working on two separate upgrades that will boost its speeds. 

Their goal is for the BSC chain to become the top alternative for Ethereum and Solana. Ethereum is known for its slow speeds, while the Solana ecosystem has become toxic because of its meme coins. 

BNB price has also formed a cup and handle pattern, pointing to more gains later this year. As this CoinGape article noted, there are signs that the Binance Coin will jump to $1,000 later this year.

Tron (TRX)

Tron is one of the top Solana rivals to consider. The daily chart shows that the TRX price has been in a consolidation phase in the past few months. It is consolidating at the 50-day moving average.

On the positive side, the coin has formed a falling wedge pattern, with the two trendlines nearing their meeting point. That is a sign that it will have a strong bullish breakout in the coming weeks. Such a move would see it rise to $0.30, up by 30% above the current level. A drop below the lower side of the wedge will invalidate the bullish TRX price forecast.

Is it Safe to Sell These Solana Rivals?

Technicals suggest that these three SOL rivals have formed strong technicals. That is a sign that these tokens will bounce back even if the Solana drops and stalls at the key support at $100.

The post Should You Sell These Solana Rivals if SOL Price Stalls Around $100? appeared first on CoinGape.

1 Apr 2025, 9:02 am

A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.

Crypto Market Crash: BTC, ETH, XRP, & DOGE Decline

CoinMarketCap data shows that a crypto market crash could be on the horizon, with the Bitcoin price sharply dropping below $83,000 from a daily high of around $84,400. Altcoins such as Ethereum, XRP, and DOGE also witnessed sharp declines.

This market crash occurred following the release of weak ISM manufacturing PMI and JOLTS data. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February.

The US JOLTS job openings for February came in at 7.568 million, below the expected 7.690 million and lower than the 7.762 million recorded in January. These data add to several macro fundamentals that paint a bearish outlook for the market.

This crypto market crash could persist, with China, Japan, and South Korea agreeing to respond to Donald Trump’s proposed tariffs. Trump is set to announce a number of reciprocal tariffs tomorrow, which could significantly harm the market as it sets off a trade war between the US and other nations.

Meanwhile, the US Federal Reserve also continues to hold out on cutting interest rates, which is another macro fundamental that continues to spark a bearish sentiment among investors. Although the Fed announced plans to slow balance sheet runoff starting April 1, Trump’s tariffs have overshadowed this move.

Bull Run Still Far From Over

Despite the potential crypto market crash and declining prices, crypto analysts like Titan of Crypto have suggested that the bull run is far from over. The analyst noted that the Bitcoin price closed March just above the 38.2% Fibonacci retracement level. He remarked that this keeps the bullish scenario alive for now, while all eyes will be on what April has in store.

Crypto analyst Kevin Capital also mentioned that BTC is simply in a correction phase, which will end soon. He stated that what is important is what the flagship crypto does after, whether it reaches new highs or only creates higher lows.

Despite BTC’s erratic price action, whales such as MicroStrategy continue to actively accumulate more coins. Saylor’s company recently announced the purchase of 22,048 Bitcoins for $1.92 billion.

The post Crypto Market Crash: BTC, ETH, XRP, DOGE At Risk Following Weak PMI, JOLTS Data appeared first on CoinGape.

1 Apr 2025, 7:44 am

A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction. At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.

Several Altcoins on Binance Suffer Massive Corrections

According to an X post, several altcoins listed on Binance took a major hit, dropping by double-digit percentages. The hardest hit of the lot was Solana memecoin ACT, experiencing a sudden drop of over 50% in 30 minutes.

Other altcoins including DEXE and DF equally recorded steep declines of 23% and 16% respectively in the same window. The price slump left traders scratching their heads but a consensus formed that sizable sell orders were behind the declines.

“The sudden dips were triggered by large sell orders executed in a short time frame, leading to a significant surge in spot trading volume,” said one pundit.

Others turned to market maker Wintermute as the trigger for the selloff. However, Wintermute CEO Evgeny Gaevoy denied responsibility while noting that the market maker reacted “post move.”

The decline comes amid a broader market recovery with several cryptocurrencies including Compound (COMP) gaining 70%.

What Triggered The 50% Decline For Solana Meme Coin

A Binance update on leverage and margin tiers on specific tokens like ACT triggered the massive declines. According to an April 1 announcement, the top exchange has updated the margin tiers of several perpetual contracts, noting that existing positions will be affected.

Following the move, one ACT whale got liquidated for $3.79 million at $0.1877, triggering a broad selloff. Former FTX community manager Benson Sun noted that traders had less than 3 hours to respond to the change, criticizing Binance for the move.

“Before changing the rules, Binance should have evaluated how many positions would be closed,” said Sun. “If there are market makers with large positions, they should have notified them in advance.”

However, Binance disclosed on X that the steep declines occurred following token cross-selling by three VIP users worth 514,000 USDT. A non-VIP user transferred a sizable number of ACT tokens from other exchanges and in the spot market. As ACT fell, users closed futures contracts, leading to the correction by other tokens.

According to Binance’s preliminary observation, no single account netted large profits. The exchange notes that since the transactions occurred in the secondary market, it cannot “intervene” in customers’ trading behavior.

Within hours of MUBARAK’s listing, the memecoin tumbled by 40% with Binance CEO Changpeng Zhao downplaying the impact of a listing on prices. Binance has drawn criticism in recent days following its exclusion of Pi Network from its Vote To List initiative.

The post Binance Update Sparks 50% Decline For Solana Meme Coin ACT: Details appeared first on CoinGape.

1 Apr 2025, 7:37 am