Cardano and Solana are hitting prices that could be prime for new investments. These two cryptocurrencies are showing signs of potential growth, attracting keen eyes in the market. Insights into why these coins are poised for a rise reveal key trends and factors at play. Dive in to discover what makes these altcoins stand out right now. Cardano: Price Trends and Key Levels in a Bull-Driven Market Over the past month, Cardano experienced a 9.50% dip , contrasting with a notable 150.77% gain over the last six months. This price action reflects volatility, highlighting a long-term uptrend despite recent weakness. Sellers took profits earlier in the month, while buyers drove prices higher in the half-year, creating a mixed picture of short-term caution set against strong long-term growth. Currently, Cardano trades between 0.44 and 0.88 dollars, with immediate resistance at $1.15 and support around $0.26. The RSI at 51.14 indicates a balance, with bulls emerging from an 18.42% weekly surge, while bears linger at lower levels. This setup suggests trading ideas like buying near support and taking profits as resistance levels are tested. Solana Price Trends and Current Market Dynamics Solana experienced a major decline over the past month, with prices falling by 35.71%. Despite this sharp drop, a 2.35% increase over the last six months indicates some signs of recovery. The coin fluctuated within a range of approximately $104 to $213.04, reflecting considerable volatility. A slight 3.81% decrease over the past week further highlights the pressure on the price, showing mixed results in the short- and mid-term performance. Current support is at $60.77, while key resistance levels are identified at $277.85 and $386.39. Bearish signals from indicators like the Awesome Oscillator and Momentum Indicator indicate that sellers are in control. The RSI reading of 37.89 also points toward bearish sentiment. With no clear trend established, traders should watch for price movements that could signal either a breakout above resistance or a decline below support for potential trading strategies. Conclusion ADA and SOL currently present attractive entry prices. Both cryptocurrencies have shown potential for growth and stability in the market. Investors may find this an opportune moment to consider these options. The recent performance and trends suggest a promising future for both ADA and SOL. By understanding the main insights, it's clear these coins offer solid opportunities for those looking to invest. Careful consideration could lead to beneficial outcomes in a portfolio. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
On Mar. 4, the U.S. Senate released the Congressional Review Act to rescind a Biden-era regulation commonly known as the Broker DeFi Rule. This rule required decentralized finance platforms to share user data with the Internal Revenue Service. The CRA is set to cancel Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Assets Sales (or simply “Broker DeFi Rule”) was created by Sen. Ted Cruz and 13 cosponsors. The voting on the Rule cancellation was scheduled for Mar. 5, but it may occur later due to schedule conflicts. According to Cruz’s Statement of Administration Policy, the rule expanded the definition of “broker” to include software that provides access to decentralized finance platforms, effectively placing the DeFi sector under IRS oversight. The Broker DeFi Rule pushed the DeFi platforms to subject users to Know Your Customer politics, report gross proceeds from transactions and other actions on the platforms, and share involved taxpayers’ details with the agency. In CRA, the Broker DeFi Rule is described as a compliance burden imposed on the American DeFi companies. Another problem with the rule is the privacy concerns. The rule was adopted in the final days of the Biden administration on December 30, 2024, and took effect on January 1, 2025. However, DeFi platforms were not expected to meet compliance obligations until 2027. Cruz and his co-sponsors urged the president to sign the CRA into law, arguing that it would foster innovation and economic growth rather than stifle it. David Sacks, the White House crypto advisor, voiced support for the CRA on X. The White House is pleased to announce its support for the CRA introduced by @SenTedCruz and @RepMikeCarey to rescind the so-called Broker DeFi Rule, an 11th hour attack on the crypto community by the Biden administration. pic.twitter.com/T7Hxasb4aC — David Sacks (@davidsacks47) March 4, 2025 Why is the Broker DeFi Rule problematic? The crypto industry has opposed the Broker DeFi Rule from the start, arguing that it misunderstands how decentralized finance operates. The rule assumes that DeFi platforms function as intermediaries, like traditional brokers, rather than front-end services facilitating peer-to-peer transactions. https://crypto.news/irs-targets-defi-blockchain-groups-challenge-new-broker-reporting-rule The Broker DeFi Rule mistakenly suggests that DeFi platforms (like actual brokers) serve as intermediaries between their counterparts. The Rule authors seemingly don’t understand that decentralized finance platforms act as the front-end services facilitating peer-to-peer transactions, connecting the counterparts but not controlling them. Kristin Smith of Blockchain Association called the rule unconstitutional as it violates the Administrative Procedure Act and exceeds the statutory authority of the IRS and the Treasury Department. The joint statement of the Association, DeFi Education Fund, and Texas Blockchain Council cites the Blockchain Association Head of Legal Marisa Coppel as saying, “Not only is this an infringement on the privacy rights of individuals using decentralized technology, it would push this entire, burgeoning technology offshore.” The activists warned that this “midnight decision” of the Biden administration would cripple the DeFi sector, not only imposing a burden on entrepreneurs but posing an existential threat to the industry. No wonder the announcement of the White House support for the Broker DeFi Rule cancellation was met with much enthusiasm. A very important step to undo a very damaging Warren-era policy – one that destroys small blockchain projects and strangles any tax revenue that the industry would otherwise produce. — Bill Hughes : wchughes.eth 🦊 (@BillHughesDC) March 4, 2025 What’s the probability that the rule will be rescinded? The Broker DeFi Rule does not align with the current administration’s pro-crypto stance. It contradicts the goal of keeping the cryptocurrency sector private and free from government surveillance. Given that the Trump administration has explicitly banned the development of central bank digital currencies, a vote to repeal the rule would be consistent with its policy direction. More than that, during his presidential campaign in the summer of 2024, Trump promised tax relief for the crypto companies from the US. The Broker DeFi Rule effectively pushes the American DeFi platforms offshore because of the unlikely demand for collecting and sharing users’ personal information. Considering these facts, the rule has a great chance of being rescinded. Additionally, the rule itself was submitted by the IRS, and Donald Trump expressed his willingness to abolish the IRS altogether. The respective Earl Carter proposal has already been created. However, it is too early to judge if something like this takes place. Nevertheless, that’s another argument in favor of the high probability of the success of the CRA introduced by Ted Cruz. You might also like: Congressman proposes IRS elimination
The El Salvador government faces restrictions under a new deal with the International Monetary Fund (IMF). The country that made Bitcoin a legal tender must limit its crypto activities as part of a financial aid program. However, President Nayib Bukele remains committed to the Bitcoin strategy, continuing to add BTC to the nation’s holdings. IMF Approves $1.4 Billion Deal but With Conditions The IMF approved a $1.4 billion Extended Fund Facility for El Salvador, expected to last over 40 months. This fund aims to help fix the nation’s economy and support its growth. Reportedly, $113 million has already been paid as first payment. However, the deal bans the government from buying Bitcoin. President Nayib Bukele remains committed to crypto, recently adding 19 BTC to the country’s holdings. This came after the country bought 7 BTC on February 24 amid a crypto market downturn. IMF Deal Ends With El Salvador Legal Tender Status El Salvador gained global attention for making Bitcoin an official currency in 2021. However, the IMF says most people in the country rarely use it. The agency asserted that its unstable price movement and lack of public trust have made it unpopular for everyday payments. Meanwhile, the country’s financial system has not been affected by Bitcoin, but very few tax payments have been made using it. In late January, El Salvador’s Council approved the amendment to its Bitcoin Law . This aligned with conditions set by a $1.4 billion loan agreement with the IMF. As part of the deal, citizens can no longer pay taxes using the digital asset. Also, businesses no longer have to accept Bitcoin as payment. Now, they can decide whether to use it or not. El Salvador’s Future Economic Outlook The IMF’s plan aims to strengthen El Salvador’s economy by cutting government spending by 3.5% of GDP over three years. It focuses on reducing salary costs while still supporting social programs. These changes aim to improve the country’s financial stability. Due to better security and reforms, the economy is expected to grow by 2.5% to 3% in the coming years. By 2029, debt should fall to 81% of GDP, reducing the country’s need to borrow money. The IMF hopes these changes will bring long-term financial stability, even if El Salvador has to slow down its Bitcoin plans. Meanwhile, El Salvador is looking for investments in areas other than crypto. It recently passed a new law to support the growth of artificial intelligence (AI). President Nayib Bukele’s government believes this will attract new technology and more investors to the country. The post El Salvador Defy IMF Deal, Buys More Bitcoin To Boost Holdings appeared first on TheCoinrise.com .
The recent volatility in the cryptocurrency markets has drawn significant attention, especially following the US manufacturing PMI signaling an economic upswing. As cryptocurrency prices fluctuate, understanding the implications of macroeconomic
In the wake of Trump's global trade war and steep tariffs that have thrown markets into chaos, Hyperliquid and Raydium are testing crucial support levels. These crypto assets are teetering under renewed market pressure as billions vanish overnight in a volatile environment. With traditional markets and crypto alike reeling from the fallout, anticipation builds around whether these coins will bounce back or face further declines. This analysis delves into the potential directions for Hyperliquid and Raydium, providing insights on their prospects for either a resurgence or a downturn. As investors grapple with uncertainty and heightened volatility, the fate of these assets could set a precedent for others in the crypto space. Find out which ones seem ready for a turnaround amid the current economic storm. Hyperliquid Set for Rebound: Recent Dip vs. Six-Month Surge Hyperliquid experienced a one-month decline of nearly 28.5% and a one-week drop of approximately 16.8%. Recent fluctuations reflect a sharp retracement following this short-term drop. Over the last six months, the coin rallied by roughly 66%, indicating a strong long-term recovery despite recent bearish moves. Current trading shows the coin fluctuating between $15.17 and $26.59, with resistance at $33.24 and support near $10.41. Technical indicators suggest bearish sentiment, marked by weak momentum. An RSI of 31.47 points to oversold conditions. Traders may look for a breakout above $33.24 or consider entering near support, as the trend remains unclear. Raydium Price Trends: 6-Month Gains Amid a Sharp 1-Month Decline The past month shows considerable pressure with a drop of nearly 65% and a weekly slide of about 27%. Over the last six months, the price rebounded with a gain of around 44%. Recent behavior indicates high volatility and rapid shifts in market sentiment, reflecting nervousness among traders. This mixed momentum profile has led to fluctuating performance in the coin’s value. Current trading hovers between a support level near $0.59 and rising resistance levels at approximately $9.13 and $14.33. Bears seem to dominate as key oscillators and momentum indicators remain in the negative range, with the RSI near an oversold threshold. Opportunities might exist for cautious buyers near support if a reversal materializes, but a break above $9.13 would be necessary to signal a shift toward a clear uptrend. Conclusion HYPE and RAY are at crucial levels. Their ability to hold these supports will determine their next move. A hold could spark a strong rebound, suggesting renewed interest. However, a break might lead to further declines, indicating a bearish trend. Investors are watching these levels closely to gauge market sentiment. The market's response in the coming days will be key to understanding the future price action of HYPE and RAY. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
The US manufacturing PMI has entered expansion mode for two months in a row, setting the stage for a positive reversal in the business cycle.
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based trading firm DRW, according to a Tuesday announcement from the company. The SEC sued Cumberland DRW last October , accusing the firm of acting as an unregistered securities dealer and alleging it sold more than $2 billion in unregistered securities, naming tokens like Polygon (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO) and Filecoin (FIL) as a “non-exhaustive” list of tokens the agency considered to be securities. At the time the suit was filed, Cumberland DRW and its CEO Don Wilson pledged to fight the charges. In an interview with CoinDesk last October, Wilson said that his firm had tried and failed to register as a securities dealer with the SEC, and suggested that the lack of clarity for crypto companies under then-Chair Gary Gensler was a feature, not a bug of the agency’s regulatory approach. Read more: Who’s Afraid of Gary Gensler? Not Don Wilson, the Trader Who Beat the Regulator Once Before “This dynamic put the SEC in a position where they could say everyone is breaking the rule, and we’re just going to go after whoever we want to,” Wilson told CoinDesk. “[It] reminds me of ‘Atlas Shrugged.’ If everybody is breaking the law, they get to selectively harass whoever they want to.” Just five months later, under the new leadership of Acting Chair Mark Uyeda, the SEC has completely reversed course. The agency’s decision to drop its suit against Cumberland DRW is the latest in a series of abandoned lawsuits: the SEC has also dropped its case against Coinbase, and agreed to drop its cases against ConsenSys and Kraken. It has also closed a multitude of probes into crypto companies, including Gemini, OpenSea, Robinhood Crypto and Yuga Labs. As with its ConsenSys and Kraken agreements, the SEC's agreement with Cumberland is pending approval from a majority of the three commissioners currently on the panel. The Commission voted to drop its Coinbase case last week. “As a firm deeply committed to the principles of integrity and transparency, we look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand, ensuring tha the U.S. remains at the forefront of global financial innovation,” Cumberland said in its announcement. A representative for Cumberland DRW declined to comment beyond the firm’s X post. The SEC did not respond to CoinDesk’s request for comment.
The telecom giant is partnering with $9 billion Perplexity AI startup to debut a voice-first smartphone in 2026.
Meme coins are where the magic happens in crypto. From Dogecoin’s legendary rise to PEPE’s overnight millionaires, these tokens mix internet culture with real profits. And in 2025, one meme coin stole the spotlight: the Official Trump Coin ($TRUMP). If you blinked and missed its jaw-dropping rally, don’t worry. There’s another major opportunity at your doorstep—BTFD Coin, a viral presale meme coin with a powerful referral rewards system . $TRUMP Coin’s Insane Takeoff—What Just Happened? On January 17, 2025, just days before his second-term inauguration, $TRUMP launched with zero pre-hype—and still managed to send the market into a frenzy. Within 24 hours, its market cap exploded to nearly $13 billion, securing its spot as the third-largest meme coin and landing in the top 20 cryptocurrencies worldwide. The price? Absolute fireworks. From a $4 launch price, $TRUMP skyrocketed to a peak of $73 by January 19, 2025. If you got in early, your investment multiplied by 18x in just two days. But it wasn’t just the price action that turned heads. The tokenomics were just as bold: Total Supply: 1 billion $TRUMP Public ICO: 200 million tokens Trump Organization Holdings: 800 million tokens (locked for three years) The hype was real, and $TRUMP proved once again that political meme coins have serious market power. Missed out? Don’t sweat it. BTFD Coin is stepping up as the next big contender, and this time, there’s a referral twist that could make YOU the one cashing in. BTFD Coin: The Next Big Meme Coin—And It’s Still in Presale! If $TRUMP proved anything, it’s that meme coins can explode in value overnight. That’s exactly why early presale access is the golden ticket in crypto. And BTFD Coin is shaping up to be one of the top meme coin presales to buy today. Here’s where it stands: Presale Stage: 14 (out of 16 total) Current Price: $0.00016 per $BTFD Total Raised: Over $6.25 million and counting Holders: More than 11,200 early investors Tokens Sold: Over 71 billion $BTFD As you can see, time is running out to lock in this presale price before it jumps again in the next stage. And if you want even more upside, BTFD Coin’s referral program is the perfect way to multiply your holdings for free. Turn Your Friends into Profits: BTFD’s Referral Program Explained Unlike $TRUMP, where the best gains came to those who got in first, BTFD Coin is giving everyone a chance to earn extra rewards—even before launch. Here’s how their lucrative referral game works: Connect Your Wallet: Go to BTFD’s official presale page and connect your wallet. This unlocks your unique referral code. Share Your Code: Send your referral link to friends, family, or your crypto group chat. The more people who use it, the more you earn. Your referrals: Anyone who uses your link and spends $50+ gets 10% extra BTFD tokens for free. You: You get 10% of their purchase amount in BTFD tokens added to your wallet if you land among the top 20 referrers by the month’s end. Track Your Progress: Keep an eye on your earnings directly in your wallet. Since the referral leaderboard resets on the 1st of every month, there’s always a fresh chance to climb the ranks and secure even more free BTFD tokens . How Much Could You Make if You Invest Today Say you invest $6,000 in BTFD Coin at the current $0.00016 price. That would get you: 37,500,000 BTFD tokens Now, what happens if BTFD Coin reaches key price milestones? If $BTFD hits $0.0006 (similar to PEPE’s early breakout), your investment would be worth $22,500. If $BTFD reaches $0.006 (like Dogecoin before it went mainstream), that’s a 3,650% return, turning your stack into a massive $225,000. Add in referral rewards, and your bag grows even bigger—without spending an extra cent. Final Call: Get in Before the Next Stage Price Hike The biggest meme coin profits don’t go to the latecomers—they go to the ones who see the potential early. With only two presale stages left before BTFD Coin launches, now’s the time to lock in the best price and stack your tokens before the next price jump on one of the top meme coin presales to buy today . Because when the next meme coin rally takes off, you’ll want to be riding the wave—not watching from the shore. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin FAQs How do I buy BTFD Coin? Visit BTFD Coin’s official presale page , connect your wallet, and purchase tokens with ETH, USDT, or BNB. How long will the presale last? Only two more stages remain before launch, meaning time is running out. What makes BTFD different from other meme coins? Staking rewards, a Play-to-Earn game, and a powerful community-driven referral system. The post Top Meme Coin Presales to Buy Today: Missed Official Trump’s Rally? BTFD Coin’s Referral Game Turns Friends into Fortune! appeared first on TheCoinrise.com .
Bitcoin’s price has surged above $88,000 despite ongoing market uncertainty fueled by escalating trade tensions between the United States and Canada. However, the cryptocurrency market remains volatile as investors react to President Donald Trump’s latest tariff measures, which have triggered a series of retaliatory actions. As the trade dispute intensifies, analysts are watching whether Bitcoin will maintain its recovery or face another downturn. Donald Trump Threatens Canada with Trade Retaliation According to a recent post on X by U.S. President Donald Trump, the United States will impose additional tariffs if Canada follows through with its retaliatory measures. Trump warned that any tariff increase from Canada would be met with an equal or greater response from the U.S. Canada announced a 25% tariff on $20.5 billion worth of U.S. imports in response to the new trade restrictions. Prime Minister Justin Trudeau condemned the tariffs, calling them unfair and harmful to businesses on both sides of the border. “We will relentlessly fight to protect Canada’s economy,” Trudeau said in a televised statement. Mexico has also indicated that it may announce its own countermeasures by the end of the week. Meanwhile, China has already imposed new tariffs on several U.S. agricultural products, raising concerns about further disruptions to global trade. Bitcoin Price Volatility Amid Trade Disputes Bitcoin’s price remains unstable as traders monitor the impact of global trade conflicts. After briefly dropping below $82,000 following the tariff announcement, Bitcoin price rebounded to $88,313. However, the cryptocurrency is still down 7% in the past 24 hours and 16% over the last month. Market analysts have pointed to Trump’s economic policies as a key factor influencing Bitcoin price movements. The trade war has led to increased uncertainty in traditional markets, driving some investors toward cryptocurrencies. However, sharp fluctuations in Bitcoin’s value suggest that traders remain cautious about the long-term effects of these tariffs. Ethereum and Solana also experienced declines, retracing earlier gains from Trump’s recent push for a U.S. “strategic crypto reserve.” The drop in crypto prices followed a surge on Sunday when Bitcoin briefly reached $94,800 before selling pressure brought it down again increasing tensions on BTC price stuck between $70k and $90K . Crypto Investors Await White House Crypto Summit The White House is set to hold its first Crypto Summit on Friday, where officials are expected to discuss plans for a national cryptocurrency strategy. Investors are closely watching for any announcements related to tax policies or regulatory measures that could impact Bitcoin’s future price. Rumors circulating on social media suggest that Eric Trump and crypto advocate David Bailey may have revealed details about a potential “no capital gains tax” on American-based cryptocurrencies. If confirmed, such a policy could trigger another price rally, pushing Bitcoin back above the $100,000 mark. Meanwhile, major exchanges have reported a surge in Bitcoin inflows, with traders moving large amounts of the cryptocurrency in anticipation of further price swings. Analysts believe that Bitcoin’s price direction will depend on both the outcome of the summit and developments in the ongoing trade dispute. The post Will Bitcoin Price Decline Continue As Donald Trump Threatens Canada Trade Retaliation? appeared first on CoinGape .