Bitcoin and the crypto market were hit by a price correction in response to the U.S. President Donald Trump’s tariff announcements on Liberation Day. Cosmos’s token ATOM defied the trend with nearly 10% gains on the day. ATOM could extend the rally by double-digits in the coming week. Table of Contents ATOM could gain from these catalysts ATOM technical analysis and price forecast On-chain and derivatives analysis ATOM ranks in top 7 gainers among 100 tokens eToro announces staking support for ATOM, driving gains ATOM could gain from these catalysts ATOM ( ATOM ), the native crypto token of the Cosmos network, gained nearly 10% on the day. The token could gain from key catalysts like higher utility and adoption of the underlying blockchain, and bullish on-chain metrics. ATOM above key support at $5, and technical indicators on the daily price chart show likelihood of further gains in the token. Both RSI and MACD signal an underlying bullish momentum in ATOM price trend. ATOM/USDT daily price chart | Source: Crypto.news The updates of the 21Shares staking ETP, Cosmos network partnerships, and gains in Bitcoin are the key catalysts that could influence ATOM price. ATOM technical analysis and price forecast ATOM could test resistance at the upper boundary of the FVG on the daily timeframe at $5.793. This marks nearly 15% gain in the token’s price. Two key momentum indicators, the RSI and MACD support a bullish thesis for ATOM. RSI reads 60, well under the overbought level at 70, and MACD flashes two green histogram bars in a row, meaning there is underlying positive momentum in ATOM price. ATOM could face resistance at $5.530 on its path to re-test $5.793 resistance and flip it into support. In the event of a price crash, ATOM could find support at the lower boundary of FVG at $3.965 and $3.582, the March 10 low for the token. ATOM/USDT daily price chart | Source: Crypto.news You might also like: XRP, ADA crash after Trump tariffs, traders race to this altcoin breaking records in March On-chain and derivatives analysis On-chain and derivatives data from Santiment show that there is a large spike in the total open interest in ATOM, in terms of USD. The increase corresponds with an increase in ATOM trade volume and the percent of stablecoin supply held by whales with over $5 million. These metrics represent the demand side for ATOM, signaling sustained demand that could support price gain in the token. ATOM on-chain and derivatives analysis | Source: Santiment Derivatives data from Coinglass shows an over 180% increase in volume, at $595.87 million on Friday. The long/short ratio, a key indicator of the position of derivatives traders, reads greater than one, meaning traders are betting on an increase in ATOM price. Typically, derivatives markets are considered indicative of price trend reversals or changes in the trend, therefore anticipation of price gain could result in higher spot prices in the medium to short term. Cosmos derivatives data analysis | Source: Coinglass You might also like: Circle files IPO amid declining profits and stiffening competition — will this shake Tether’s stablecoin dominance? ATOM ranks in top 7 gainers among 100 tokens Data from Social Intelligence platform LunarCrush shows 93 out of the top 100 cryptocurrencies ranked by market capitalization were down, as traders digested the impact of Trump’s Liberation Day announcements. ATOM ranks among the seven best performers with nearly double-digit gains and likelihood of an extended rally in the token. Bitcoin and top altcoins are consolidating or recording moderate gains, attempting to recover lost ground as crypto traders return to the market after a period of uncertainty. eToro announces staking support for ATOM, driving gains eToro, a social trading and multi-asset investment company, announced the addition of Cosmos and Polkadot to its crypto staking options. The announcement contributed to the catalysts driving gains in the token. Shortly after the announcement, ATOM started rallying and confirmed its uptrend. A Bitcoin flash crash could usher a market-wide correction and a decline in ATOM price. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Coinbase stock took a significant hit last Friday, tumbling over 10% amidst a broader market selloff influenced by geopolitical tensions. With Bitcoin maintaining relative stability, the contrasting performance of crypto
The leading American crypto exchange sank more than 10% at one point on Friday, even as Bitcoin and other cryptos stood firm.
As of April 5th, **cryptocurrency-related companies** in the US exhibited a **mixed performance** in the stock market, reflecting the volatile nature of the digital currency sector. **Coinbase**, a leading exchange,
Trump's SEC says that stablecoins tied to and backed by the U.S. dollar generally aren't securities—but some questions remain.
Dogecoin meme price alongside other memecoins face collapse in 2025 which leads to speculation about the demise of hype-based crypto projects. Risks including selling pressure and declining Bitcoin prices as well as macro economic conditions have led DOGE to experience significant market value losses. The market downfall has investors debating if meme coins will find resurgence or if utility-focused projects will establish new norms in the crypto industry. Market attention has pivoted to tokens with practical uses because memecoins are demonstrating weakening performance. The market is now showing interest in projects that bring solutions to real-world difficulties especially when it comes to international payments. Dogecoin Meme Coin Price Is Losing Its Footing Dogecoin's slump in April 2025 reflects overall market volatility and internal pressure. Bitcoin's struggles below $83,000 have dragged DOGE down and Dogecoin meme price has ranged between $0.144 and $0.175. Miner sell-offs also contributed to the trend, as 65 million DOGE were added to the market in 48 hours, boosting bearish pressure. While some whales purchased 1.4 billion DOGE, optimism is muted due to macroeconomic uncertainty, including inflation concerns and regulatory uncertainty surrounding Trump’s tariff policies in the U.S. Analysts predict Dogecoin can bounce back to $0.223 by July if retail investors buy up the dip, but long-term survival is uncertain. Without real-world use cases, Dogecoin’s meme reliance on celebrity endorsements and social media hype renders it vulnerable to volatility. This uncertainty stands in sharp contrast with projects like Remittix, which are built to solve global financial pain points instead of speculative trading. Remittix Presale Is A Blueprint for Crypto Success Remittix's appeal to investors and market watchers stems from its incorporation of Ethereum’s blockchain technology combined with smart contracts which deliver secure and transparent transactions. The innovative technological aspects together with strict security protocols and a comprehensive audit from BlockSAFU has given investors the confidence needed to drive explosive success during the presale. Hype around RTX is strengthened by how the innovative tech is able to seamlessly convert cryptocurrency into fiat instantly for bank deposits to any part of the world. Remittix provides improved transaction speed which differentiates it from useless meme coins. The assets owned by Remittix users remain fully available through its non-custodial wallet design which fixes security issues found in different exchanges. The platform offers promising potential to solve high-performance requirements along with high-quality needs among investors involved in cross-border payments. The presale of Remittix (RTX) has surpassed initial expectations by obtaining more than $14.3 million and continues to surge higher. The project appeals to numerous investors through its price of $0.0734 per token which resulted in a surge of investment support. A Launchpad for Bigger Gains The presale marks a fundamental stage in Remittix’s roadmap to achieve its longer-term aims. The DeFi project has both major exchange listings and strategic partnerships currently planned which positions it to build on its current hype and benefit from its initial achievements. RTX's successful presale performance indicates a promising market future that positions the token to drive general crypto acceptance. Analysts are confident the opportunity to secure your 30x future will disappear if you fail to act now. Dogecoin meme investors willing to look past the risk associated with purely speculative tokens in 2025 should invest now and watch Remittix achieve exponential growth while reshaping the world's financial evolution. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bloomberg's Eric Balchunas claims that Bitcoin's resilience is a "minor miracle"
A bill designed to stop the U.S. Federal Reserve from issuing a central bank digital currency (CBDC) moved a step closer to becoming law this week. The House Financial Services Committee passed Rep. Tom Emmer’s (R-Minnesota) “ Anti-CBDC Surveillance State Act ” by a vote of 27-22 on Wednesday. The potential legislation, which now moves to the full House of Representatives for consideration, would prohibit Fed banks from issuing CBDCs. Emmer, the third-ranking Republican in the House, says CBDCs represent “tools for financial surveillance.” “In short, a CBDC is government-controlled programmable money that, if designed without the privacy protections of cash, could give the federal government unilateral authority to surveil Americans’ transactions and restrict politically unpopular activity. We’ve already seen examples of governments weaponizing their financial systems against their citizens. In China, the Communist Party is using a CBDC to track the spending habits of its citizens. Closer to home, in Canada, the Trudeau administration froze the bank accounts of citizens involved in the 2022 trucker protests.” Emmer first introduced a similar anti-CBDC bill back in 2022. Last month, the Republican lawmaker joined Rep. Ritchie Torres (D-NY) in launching the bipartisan “Congressional Crypto Caucus,” which they say aims to advance a digital asset policy agenda on Capitol Hill. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Rep. Tom Emmer’s Anti-CBDC Bill Passes Out of the House Financial Services Committee appeared first on The Daily Hodl .
Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456 million in misappropriated Trueusd stablecoin reserves. Sun stated that
Investment giant Grayscale is filing to rename its prospective Solana ( SOL ) exchange-traded fund (ETF) while removing staking from the trust. In a new S-1 Filing with the U.S. Securities and Exchange Commission (SEC), Grayscale says it intends to rename its previously filed trust, Grayscale Solana Trust, to Grayscale Solana Trust ETF. “In connection with this registration statement, on December 3, 2024, NYSE Arca filed an application with the Securities and Exchange Commission (the ‘SEC’) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), to list the Shares of Grayscale Solana Trust (SOL) (the ‘Trust’) on NYSE Arca (the ’19b-4 Application’). As of the date of this filing, the 19b-4 Application has not been approved by the SEC. The Trust makes no representation as to when or if such approval will be obtained. The Trust will not seek effectiveness of this registration statement and no offering of Shares hereunder will take place unless and until such approval is obtained. This prospectus has been prepared on the basis that the 19b-4 Application has been approved by the SEC.” The 19b-4 application has neither been approved nor rejected by the SEC, but it has been acknowledged . Aside from the name change, the other notable update is the exclusion of SOL staking, meaning investors in the proposed ETF will not receive staking rewards. “In addition, and in common with other spot SOL exchange-traded products at this time, none of the Trust, the Sponsor, the Custodian, nor any other person associated with the Trust will, directly or indirectly, engage in Staking (as defined herein), meaning no action will be taken pursuant to which any portion of the Trust’s SOL becomes subject to Solana proof-of-stake validation or is used to earn additional SOL or generate income or other earnings, and there can be no assurance that the Trust, the Sponsor, the Custodian or any other person associated with the Trust will ever be permitted to engage in such activity in the future.” SOL is worth $119 at time of writing, up 4.5% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Grayscale Files S-1 Form With SEC for Solana ETF Without SOL Staking Function appeared first on The Daily Hodl .