Over the past 24 hours, $XRP has taken a tremendous hit. It has dropped by over 22% from its $2.14 high to its current $1.65 level. Ethereum is also experiencing a rough patch. Since yesterday, $ETH has taken a nosedive of nearly 20% (from $1.7K to $1.4K). While there’s no denying that this is, indeed, bearish news, there’s a light at the end of the tunnel: There are bargain coins everywhere, and it’s a great time to buy the dip with the Best Wallet Token ($BEST) . MACD Indicator Suggests Possible $XRP Reversal The Moving Average Convergence Divergence (MACD) highlights $XRP’s price against the US dollar, suggesting a $1.80 support level. If it hits beyond this range, it could signal a reversal. MACD is a popular indicator that’s used in financial markets to analyze an asset’s price. It helps traders identify buy and sell opportunities based on signals. Also, because the MACD (blue line) is below the Signal (orange line), it suggests bearish momentum. But if the MACD line crosses above the Signal line, it would indicate a bullish stance – and it’s not out of reach. Oversold $ETH RSI Signals a Good Time to Buy On the other hand, Ethereum’s Relative Strength Index (RSI) – another technical indicator that shows asset price movements – signals that $ETH is oversold and is due for a price rebound. This is because the RSI stands at 24.30, below the ‘oversold’ threshold. Consequently, it indicates that now is possibly a favorable entry point for buyers seeking to buy $ETH at a low price before a potential turnaround. To capitalize on these crypto bounce-backs and beyond, you can join the Best Wallet app , a leading anonymous crypto wallet . But to leverage all its advantages, be sure to acquire $BEST first. Purchase $BEST, Join Best Wallet & Buy the Dip $BEST is the native token of Best Wallet, a crypto wallet whose ultimate ambition is to shake up the $11B non-custodial market. Considering that its mobile app’s interface is extremely user-friendly and that it supports 1K coins (even the best presale tokens and new meme coins ), soon across 60 blockchains, we believe it has what it takes to do just that. Featuring top presale coins is a major bonus. It enables you to invest in coins at their lowest-ever prices before they list on exchanges and their prices likely spike due to increased mainstream access. Still, purchasing $BEST is when the magic really happens. Holders benefit from reduced transaction fees when buying tokens directly from the wallet (including $XRP and $ETH), coupled with 134% annual staking rewards and governance rights. Having a say on the project’s future trajectory means you can contribute unique ideas to stabilize and sustain the Best Wallet ecosystem. However, when scouring its bustling roadmap, which includes the launch of its own crypto debit card and an NFT gallery, it’s unlikely that this hot wallet will slow down anytime soon, regardless. So far, $BEST has already snagged over $11.5M on presale. A couple of whale buyers (crypto giants) recently injected over $9.9K and $9.4K into the project, which shows that it’s easily one of the best cryptos to buy now . Buy $BEST for Low-Cost $XRP & $ETH Gas Fees Now could be the perfect time to buy $BEST, join Best Wallet, and take advantage of low transaction fees when purchasing $XRP and $ETH while their prices currently remain low. Not forgetting, you can also enjoy early access to presale projects, significant staking rewards, and voting rights. To be granted such privileges, you can buy $BEST for $0.024625 on the official Best Wallet Token presale website. Considering that we foresee its price shooting up to $0.072 by the end of this year, there’s simply no better time to get involved. Check out our Best Wallet Token review for more information, but beware that we’re not financial advisors. You must always DYOR and never invest more than you’d be willing to lose.
In a significant development within the cryptocurrency landscape, Binance has forged a strategic alliance with Worldpay, a prominent player in global payment technology. Announced on April 7th, this partnership enables
DoubleZero has announced the sale of its native token, 2Z, to validators of networks such as Solana, Aptos,…
The post Stock Market Crash, Gold Price Tanks, Crypto Follows: Investors Gripped by Fear appeared first on Coinpedia Fintech News Global financial markets are witnessing an extreme panic sell-off not seen since the peak of the COVID-19 crisis in March 2020. From crashing stock futures to collapsing oil and even gold prices, every major asset class is flashing warning signals. Currently, the cryptocurrency market is following the trend in the US stock market. All eyes are on the crypto market. The big question is: Will it support investors to overcome this market uncertainty? Stock Futures Crash 15% in Just Three Days Since the start of April 3, the S&P 500 index has declined by nearly 7.62%, and the Nasdaq 500 has dropped by 7.30%. A recent report revealed that the stock futures slipped at least 15% in just three days. Generally, it is when the market is heading towards a serious economic depression that major indices show serious negative signals. Is the global market under serious threat? Oil Prices Slide Below $60: Big Demand Collapse? To understand the scenario better, it is important to analyse other major indices. Let’s start by analysing the cruise oil scenario. At the beginning of this month, the WTI Crude Oil price was around $71.35. Since then, the market has plummeted by over 16.62%. Right now, the price of WTI Crude Oil remains at $59.49 – slightly below the crucial $60 level. Between April 3 and April 4 alone, the market declined by over 11.27%. Plummeting oil prices is the early sign of a shrinking economy. Gold Prices Tank as Investors Flee to Cash Gold is generally considered a safe asset. During economic uncertainty, investors flock to gold in order to protect their assets from the impact of a potential market decline. Between April 3 and 4, even the gold market slipped by over 3.17%. This implies that investors are even unsure about the ability of gold to overcome the present global economic crisis. As of now, the gold price stands at $3,030.505. Bond Market Signals Economic Freeze At the beginning of this month, the US Treasury Bond Futures price was $118.59. Since the market has risen by nearly 1.68%. Currently, the price stands at $120.59%. This usually happens when people are looking for safe havens and believe the economy is facing serious trouble. AI Hype Cools: ‘Mangificent 7’ Stocks Drop 35% A recent report revealed that the Magnificent 7 index – an index representing the performance of major tech companies such as Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla – plummeted by 35%. This also indicates that investors are pulling out of risky sectors. Investor Sentiment Hit Rock Bottom The CNN Fear and Greed Index, which considers seven key indicators – S&P market momentum, NYSE stock price strength, NYSE stock price breadth, put and call options, S&P market volatility, and US safe haven demand – sits at 4. This indicates that investors are under extreme fear. Reports suggest that investor fear is now at the same level as March 2020, when COVID lockdowns started. How This Will Impact the Cryptocurrency Market? The current wave of market panic could spill over into the crypto industry. In the last 24 hours, the cryptocurrency market has already dropped by 11.2%. Bitcoin has slipped by 8.6%, Ethereum by 17.2%, XRP by 16.2%, BNB by 8.7%, Solana by 16.4%, and Dogecoin by 16.9%. However, if trust in centralised systems continues to erode, crypto could also gain favour as an alternative store of value. The coming days will reveal whether crypto acts as a safe haven – or gets swept up in the global sell-off.
Bitcoin’s latest drop off of the back of Trump’s tariff announcement has the market on edge, but now is not the time to sell your crypto bags. Generally speaking, it’s the best time to buy. A handful of the best altcoins are refusing to follow BTC’s downward trend, with some set to soar over 300% by the summer. If you're looking for the best cryptos to buy before the next rally, we’ve narrowed it down to five recession-proof altcoins that are built to thrive, even in shaky conditions. The best altcoins to buy in 2025 to fight the recession Picking altcoins to buy before a bull run is all about getting the timing right. Real utility, market catalysts, and unstoppable hype are a must for the best altcoins to invest in to keep your portfolio in the green this year. Each of these has a clear roadmap for explosive growth and here’s why they’re about to take off: Bitcoin Pepe (BPEP) – Bringing meme mania to Bitcoin with the first-ever meme coin ICO on BTC and a Layer 2 built for retail adoption. PepeX (PEPX) – The only truly fair launchpad that thrives when markets bleed. CartelFi (CARTFI) – Best meme coin yield farm for both bull and bear markets. SPX6900 (SPX) – The anti-S&P500 meme coin, riding against TradFi. Hyperliquid (HYPE) – A next-gen decentralized trading platform with its own L1 blockchain and skyrocketing adoption. Bitcoin Pepe (BPEP) – The best altcoin for bringing meme coins & DeFi to Bitcoin Meme coins have ruled the game on Solana and Ethereum, but Bitcoin Pepe is aiming to make Bitcoin the new meme coin hub. For years, Bitcoin has been digital gold, but BPEP is injecting Solana-level speed, low fees, and meme culture straight into the world’s most trusted blockchain. BTC maxis can finally trade meme coins without leaving their comfort zone, and that’s a setup retail investors are going to flood into. Bitcoin Pepe is building the first-ever meme coin infrastructure on Bitcoin. To do this, Bitcoin Pepe introduces the PEP-20 token standard, mirroring Ethereum’s ERC-20, which fueled ETH’s insane growth. This means anyone can launch their own meme coins natively on BTC, unlocking $2 trillion of Bitcoin capital for meme trading. More meme coins equal more trading, a self-feeding loop unlike anything the space has seen. The presale is structured in 30 stages, with 5% price jumps at every stage. Buying early means catching the biggest discount before the retail crowd piles in. Apart from raw 100x potential, BPEP is rolling out staking rewards that put traditional finance to shame with a long-term 10,000% APY option for true believers. Holders will earn massive passive income while taking part in building Solana on Bitcoin from the ground up. Bitcoin Pepe is shaping up to be the next Solana, but on Bitcoin, with catalysts SOL never had. With over $6.1m raised, it’s time to prep your bags: this altcoin is ready for the moon landing. PepeX (PEPX) – Turning global ideas into investable assets PepeX is built for survival when everything else is falling apart, as it’s engineered to cut out the dirty tricks that leave retail investors holding the bag. In a bear market or recession, transparency and accountability are simple survival tools. Accessible launchpads have been a ruthless free-for-all where whales snipe tokens and founders dump the second they hit profit. PepeX dismantles that broken system by making sure no dev can walk away with a fat payday while everyone else gets left in the dirt. Anti-sniping protocols, transparent bubble maps, and locked liquidity that founders can’t touch unless their project delivers. PepeX’s AI marketing bot runs nonstop, managing Telegram and X accounts to pump out coordinated marketing campaigns. When retail interest is low, consistent marketing can be the difference between liftoff and a flatline. Pump.fun raked in nearly $400M last year, but PepeX isn’t chasing short-term hype; with $1.2m already raised, it’s expecting sustainable, community-first growth. When liquidity is scarce and investors are cautious, projects that can prove fairness and accountability are the ones that rise above the noise. CartelFi (CARTFI) – Turning idle meme coins into cash-generating assets CartelFi is a way to squeeze the most brutal markets for profit while everyone else is licking their wounds. This is the first farm for meme coins where you can turn speculative, high-volatility assets into cash-generating tokens. It is creating specialized liquidity pools that churn out yield while still maintaining full exposure to future moonshots. During a recession, when capital dries up and retail’s terrified of the next crash, CartelFi’s buyback-and-burn system turns scarcity into strength. Up to 100% of protocol fees go straight into buybacks and burns, which means constant upward pressure on token value even when the market’s bleeding out. When rate cuts come and banks are scraping by on 3% returns, CartelFi’s liquidity pools are spitting out insane APYs designed to keep printing money through the worst of it. The presale is split into 30 stages, and prices climb by 5% at every stage. With over $500k raised on day one, this presale is going viral simply because buyers see the opportunity to turn a profit in a bear market. SPX6900 (SPX) – The best altcoin for betting against traditional finance Crypto isn’t the only market feeling the pressure, traditional finance is taking a beating, too. The S&P 500 has slipped considerably since the election, and dropped almost record numbers following Trump’s tariff announcements. But while stocks flounder, SPX6900 has been on a tear, putting up a nearly 15,000% gain from April 2024 to April 2025. Even when meme coins tanked in January and February, SPX6900 held strong, rallying behind the Coinbase listing. With broader economic uncertainty and the Trump-fueled crypto revival, SPX6900 is the anti-traditional finance token and a rallying call for a new generation of traders. Hyperliquid (HYPE) – The best altcoin for next-gen decentralized trading While most decentralized exchanges run on Ethereum or Solana, HYPE is built on its own custom layer-1 blockchain, eliminating gas fees and network congestion altogether. Hyperliquid is engineered for speed, efficiency, and profitability. Its HLP token vaults also give liquidity providers a new way to earn passive income, making it more than just a trading hub. Its approach is similar to Solana’s Jupiter, it’s not relying on another chain to survive. This is one of the best altcoins to invest in before the next wave of DEX adoption hits. Best recession-proof altcoin to invest in right now: BPEP to surge 300% before launch Even in downturns, there’s still a fortune to be made if you know where to look. PepeX’s AI-powered launchpad is creating a haven for fair launches that actually protect retail investors, while CartelFi’s meme coin yield farm turns volatility into non-stop revenue through relentless buybacks and burns. Each of these cryptos is hitting a critical growth phase, but Bitcoin Pepe’s early-stage ICO makes it one of the best recession-proof altcoins right now. With over $6.1m raised, its presale structure rewards early backers with the biggest gains before launch. Disclaimer: This is a sponsored article 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.
The CNBC show Mad Money host Jim Cramer has presented a severe warning in front of investors, calling a dire US stock market crash may happen. More importantly, he connects it to the 1987 Black Monday crash, which wiped out trillions of dollars, affecting the global financial market. As Monday arrived and the market’s downfall anticipated to persist, did Cramer’s prediction come true? Let’s discuss this. Jim Cramer Predicts 1987 US Stock Market Crash Apart from his popular show and market prediction, Jim Cramer is known for the inverse Cramer index, a hypothetical theorem. According to this, the inverse or opposite of Cramer’s prediction comes true. As a result, when he predicted a 1987 similar US stock market crash, investors anticipated recovery, but that did not happen. The US president, Donald Trump, has introduced tariffs , which has led to the ongoing economic crisis affecting all financial markets, including the stock and crypto markets. Due to this uncertainty, Cramer has predicted that a massive crash, similar to 1987, where DJIA fell 22.6% in a single day, may take shape unless Trump revises his aggressive tariff polices. If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario… the one where we went down three days and then down 22% on Monday, has the most cogency. Has Jim Cramer’s US Stock Market Crash Prediction Come True? Trump’s tariff and the impacted nations’ counterattacks, like China imposing an inverse 35% tariff on all US exports to them, have resulted in the worst market crash since the pandemic. The Dow Jones fell 3,910 points across Thursday and Friday, the S&P 500 dropped 5.97%, and the Nasdaq fell 5.8%, wiping out nearly $6.6 trillion. As the market’s downturn persists even today, the Jim Cramer stock market crash prediction seems true as he said, “We will not have to wait too long to know. We will know it by Monday.” More importantly, he added that he had lived through the 1987 Black Monday crash and knew what it felt like before adding that the employment data is the buffer. Adding to these concerns, financial institutes like JP Morgan believe that recession might hit America in 2025 due to these US policies. Amid this chaos, investors’ sentiments are seriously affected, with a few analysts like Peter Schiff claiming that the market did not crash because of tariffs but due to the fear of the tariffs’ continuing. ‘Donald Trump’s Market Crash Has a Purpose’ Amid the extreme criticism, Donald Trump stood true to his initial claims, calling tariffs an important measure to make America wealthy again. In a recent Truth post, Trump revealed that the country had a massive financial deficit with China, the European Union, and many others. More importantly, he claimed that Tariff is the solution as they would bring billions of dollars to the country before asserting that people will realize their positive impact someday. White House National Economic Council director Kevin Hassett also said that the stock market crash is not an intentional strategy. Still, it has the purpose of making America rich as it can push cash into treasuries. It weakens the dollar, drops the mortgage, and does much more to benefit Americans. He added that it’s a wild chess move, but it’s working. Although Jim Cramer’s US stock market crash prediction generates concern, there’s hope around the inverse Cramerer index, countries like Japan are willing to negotiate, and there is a possibility of Trump putting a hold on tariffs. The post Has Jim Cramer’s 1987 US Stock Market Crash Prediction Come True? appeared first on CoinGape .
XRP might dive below $1 if market's pacing doesn't change and pressure remains
The post Crypto Price Today Crashes : When Will Crypto Go Back Up? appeared first on Coinpedia Fintech News The crypto market has been rocked by a sharp sell-off following Donald Trump’s surprise announcement of sweeping trade tariffs. Bitcoin dropped over 7% to hover near $75,000, while Ethereum crashed nearly 14.5%, dragging the ETH/BTC ratio to its lowest level in five years. This panic sell-off wasn’t limited to crypto; global stock markets also nosedived, wiping out over $8 trillion in value last week. Tariffs Trigger Panic Across Markets On April 2, Trump said the U.S. would start charging a 10% tax on everything coming into the country. He also added extra taxes on goods from 185 countries, calling them the worst in unfair trade. These new tariffs will begin on April 9. U.S. customs started collecting the 10% tax over the weekend, right after the stock market had its worst week since 2020. As a result, U.S. futures dropped Sunday night, and Bitcoin also fell since investors started avoiding risky assets. Trump’s new policy hit hard: a 10% tariff on nearly all imports, 34% on Chinese goods, and 20% on EU products. In response, China fired back with 34% tariffs on U.S. goods, triggering a risk-off sentiment globally. Trump’s tariff war caused a massive liquidation in the market with a $590M wipeout from the market, dropping Bitcoin below the $78K level, leading to a steep drop in both traditional and digital markets. Within 24 hours, $868 million in crypto long positions were liquidated—the highest since March. The S&P 500 and Nasdaq saw nearly 6% declines, and crypto simply followed the pain. Bitcoin Faces Technical Breakdown Bitcoin didn’t just fall in price sadly, it broke a key rising wedge pattern, and a bearish “death cross” formed on the charts. This technical move is often a warning of a deeper downside. Analysts are now watching key levels like $74K as immediate support, $65K as the next line, and $57K as a last-ditch zone that buyers might defend. On April 6, Bitcoin touched a high of $83,813 but quickly reversed. The MACD flashed a bearish crossover, and RSI signals showed the asset was oversold multiple times heading into April 7. While a brief golden cross hinted at recovery, fresh bearish momentum pushed BTC lower, potentially opening the door to a dip below $75K. Analysts Weigh In Economist Peter Schiff declared that crypto is “finally starting to crack,” criticizing Trump’s economic strategy and the idea of a Strategic Bitcoin Reserve. He also warned ETF investors of rough times ahead. Even the Trump-themed meme coin fell over 13%, now down nearly 90% from January highs. But not everyone is bearish. Max Keiser sees this panic as the setup for a historic Bitcoin rally, predicting that BTC could hit $220,000 this month as global capital rushes to safe havens.
XRP has lost more than $20 billion in market capitalization in the past 24 hours, per data retrieved by Finbold from CoinMarketCap . To be more precise, the token has seen its market cap drop from $121.81 billion on April 6 down to $100.28 billion by press time on Monday, April 7. XRP market cap chart. Source: CoinMarketCap What’s more, the XRP market cap drop happened on a strong surge in trading volume, which almost quadrupled, having increased from $2.26 billion to $9.6 billion in the same timeframe. All the while, the Securities and Exchange Commission is remaining oddly silent regarding the final resolution of the Ripple v. SEC case. Although not a clear-cut bearish signal, it’s notable that in previous instances, the commission officially dropped cases soon after similar announcements — something that has yet to materialize in XRP’s case. The losses might not stop there, either — the wider cryptocurrency market has lost $300 billion over the course of the weekend, and XRP’s network activity collapsed by as much as 65%, according to on-chain data. XRP price action and technical analysis By press time on April 7, XRP was changing hands at a price of $1.78, with a 14.96% drop on the daily chart which has brought year-to-date (YTD) losses up 14.21%. XRP price 1-day and year-to-date (YTD) charts. Source: Finbold The asset’s prior outperformance makes it a prime target for a sharp correction in the present. Although it hasn’t marked a greater loss than Bitcoin ( BTC ), which is currently in the red for 18.28%, XRP is currently down more than the S&P 500 , which has lost 13.54%, on a year-to-date (YTD) basis. Technical analysis also paints a rather grim picture. With the move below $2, price action could have confirmed a head and shoulders pattern shared by chart researcher Ali Martinez in an April 4 X post . If the pattern is legitimate, it could herald a drop to levels as low as $1.30 for the token. Featured image via Shutterstock The post XRP erases $20 billion in a day amid SEC silence appeared first on Finbold .
Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto exchanges offering staking services. In an April 7 announcement , the SFC announced new guidelines for crypto exchanges offering staking services and locally authorized funds exposed to digital assets involved in staking. The announcement follows recent remarks from Christina Choi, the SFC’s executive director of investment products, who said during a speech at the Hong Kong Web3 Festival: “The SFC is committed to supporting Hong Kong’s Web3 journey.” In its announcement, the regulator said it “recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn yields.” Consequently, the latest guidance allows crypto exchanges to provide staking service offerings. Related: Hong Kong investment firm’s shares surge 93% after buying just 1 Bitcoin New rules for staking services The new rules were communicated by the regulator in its latest circular sent to crypto exchanges under its jurisdiction. The SFC requires crypto exchanges to obtain written approval before offering staking services, retain control over staked virtual assets and not delegate custody to third parties. Cryptocurrency exchanges engaged in staking must disclose all relevant risks and details concerning fees, minimum lock-up periods, unstaking processes, outage processes and custodial arrangements to their customers. Lastly, the providers must report on their staking activities to the SFC. A similar circular was sent to SFC-regulated crypto fund operators, with the new rules being relevant to funds with more than 10% of their net asset value invested directly or indirectly in digital assets. Funds can only acquire virtual assets that are also directly available to the local public and rely on SFC-authorized platforms. Leveraged exposure is prohibited. Funds can engage in staking if it is consistent with the fund’s objectives, while providing clear disclosure and robust controls. An investor notice and possibly shareholder approval may be required if staking implementation leads to material strategy or risk profile changes. Hong Kong bets on Web3 During her recent speech, SFC’s Choi recognized that the Web3 space is still evolving and that “its full benefits will unfold in time, likely with twists and turns.” She cited the speculative industry of non-fungible tokens (NFTs) as a cautionary tale that justifies caution in the current regulatory approach: “Therefore, rather than chasing every new spark, we believe in a pragmatic approach — strengthening the fundamentals and fostering a supportive ecosystem where Web3 can thrive in a sustainable manner.“ Related: Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary The official’s comments follow recent reports that cryptocurrency exchange Bybit announced the shutdown of its NFT marketplace as the market is running out of steam. The decision follows a similar decision by major NFT marketplace X2Y2 announced in late March. The non-fungible token market is seeing a significant downturn. Daily NFT trading volume was over $18 million 364 days ago before Bybit’s announcements and stood at $5.34 million when the decision to shut down the platform was made public — a 70% fall. When arguing why Web3 companies should choose Hong Kong as their headquarters, Choi pointed out that Hong Kong ranks third in the Global Financial Centres Index. Furthermore, local regulators have set clear guidelines for crypto industry firms, and Hong Kong provides easy access to Asian markets. Global Financial Centres Index top 10. Source: LongFinance In her closing statements, Choi said, “We stand today at the crossroads where traditional finance and the digital economy are converging to drive promising outcomes for our financial markets.” She added: “The zero-to-one breakthrough has been made, and its future success would very much depend on how we nurture this convergence, that is, how we go from one to 100.“ Her statements echo Hong Kong’s financial technology sector, which has seen 250% growth since 2022 . The SFC recently introduced a new roadmap to position the city as a global cryptocurrency hub. The “ASPIRe” roadmap hopes to future-proof the local virtual asset ecosystem. It involves 12 initiatives spread across five broad categories, which include providing market access, optimizing compliance and frameworks and improving blockchain efficiency. Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express