Bitcoin (BTC) has rebounded after plunging to a low of $78,457 late on Friday as buyers finally stepped in to prevent a further decline. The flagship cryptocurrency is up nearly 5% over the past 24 hours but remains below $85,000. BTC experienced a bounce after President Donald Trump announced a crypto summit on March 7, triggering an immediate bullish reaction in the market. BTC Bounces As White House Prepares For Crypto Summit Bitcoin (BTC) finally ended its losing streak as it rallied from a low of $78,457 to hit $86,570 before settling at its current level of $84,600. The rally can be attributed to the White House announcing plans to host a Crypto Summit on March 7, triggering an immediate bullish reaction from the market. Ethereum (ETH), Cardano (ADA), Ripple (XRP), and several other coins rallied following the news. According to reports, Trump will discuss the future of digital assets, leading to speculation the government may be readying to adopt crypto-friendly policies. “White House just announced its first-ever Crypto Summit on March 7 Trump, top CEOs, big money - they’re all in the room This ain’t just another meeting, this is THE SIGNAL - Regulatory clarity - Mass adoption - Or just insiders front-running again?” Trading volumes and market activity also registered a significant jump, signaling growing anticipation among institutional and retail investors. While investor sentiment is bullish in the short term, analysts believe several macroeconomic factors could challenge Bitcoin’s rally. A Macroeconomic Threat Despite BTC’s recovery, several external macroeconomic factors could limit further upside. President Trump reiterated plans to impose 25% tariffs on Mexican and Canadian imports and an additional 10% tariff on Chinese goods, escalating the prospect of a trade war. The developments strengthened the US dollar, making risk assets like BTC vulnerable to corrections. Meanwhile, the Personal Consumption Expenditures (PCE) inflation report registered a 0.3% increase in January, bringing the annual rate to 2.5%. Core PCE slowed to 2.6% from December’s 2.9%. While the data was along expected lines, it reinforced the likelihood of the Fed keeping interest rates unchanged. Standard Chartered Still Bullish About BTC Standard Chartered is still bullish about crypto, expecting it to hit $200,000 by the end of the year and $500,000 over the next few years, despite the recent selloff. Geoffrey Kendrick, head of digital asset research at Standard Chartered, said he expects BTC to hit $200,000 this year. Kendrick stated, “Within the crypto ecosystem, what we need are traditional financial players, like Standard Chartered, BlackRock, and others that have the ETFs now to really step in. As the industry becomes more institutionalized, it should be safer.” He added that increased institutional crypto adoption and greater regulatory clarity in the US would reduce volatility over time. “That should add to that medium-term, top-side potential, which for me is bitcoin up to $200,000 this year and $500,000 before Trump leaves office.” BTC sank to levels not seen since November 2024 as a bearish week took its toll on the flagship asset. BTC and other cryptocurrencies declined due to uncertainty around tariffs and other macroeconomic and geopolitical factors. “Risk assets don’t like uncertainty and so that’s what we’ve seen. We’ve seen tech stocks in the U.S. coming lower. That should further legitimize, so you’ll see more U.S. banks involved. You’ll see larger institutions in the U.S. continue to push through.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) slumped to a low of $78,457 on February 28. However, buyers finally stepped in at lower levels, allowing the price to climb above $80,000 and move to its current level. According to CryptoQuant founder and CEO Ki Young Ju, selling after a 30% correction could be a mistake as BTC rose to a new all-time high after dropping 53% in 2021. Some whales have already begun accumulating, with one buying 4,000 BTC worth $344 million when the price was between $82,000 and $85,000. The whale, known as Spoofy, has a reputation for building its position extremely slowly and may buy more if the market drops further. The decline has not changed Standard Chartered’s long-term view of the asset, with the financial giant expecting BTC to hit $200,000 by the end of the year. BTC has traded in the red since the weekend, falling into the red after a move past the 20-day SMA on Thursday. Bears defended this level as markets turned red on Friday following the Bybit hack. As a result, BTC fell over 2% to slip below the 20-day SMA and settle at $96,184. BTC registered a marginal increase on Saturday but fell back in the red on Sunday to settle at $96,084 after a marginal decline. Bearish sentiment intensified on Monday as BTC plunged nearly 5% to go below $95,000 and settle at $91,622. Source: TradingView BTC fell below $90,000 on Tuesday, dropping to an intraday low of $85,985. The price recovered from this level but could not reclaim $90,000 and ultimately settled at $88,654. Bearish sentiment intensified on Wednesday as BTC dropped over 5%, slipping below $85,000 and settling at $84,129. Despite the overwhelming bearish sentiment, BTC registered a recovery on Thursday, rising to an intraday high of $87,045 before settling at $84,657, ultimately registering a marginal increase. Bearish sentiment intensified as BTC plunged below $80,000, falling to an intraday low of $78,179. However, it recovered from this level to reclaim $80,000, move back above the 200-day SMA, and settle at $84,578. The current session sees BTC marginally up as it looks to reclaim $85,000. Buyers must reclaim $85,000 and push towards $90,000 to prevent a downtrend. If they reclaim these levels it could suggest a short-term bottom is in place. On the other hand, if BTC falls back into the red, it could drop below $75,000. 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.
As Bitcoin’s price trends downward, future movements hinge on critical support and resistance levels that could dictate its trajectory. Market analysts emphasize the significance of the $64,078 support level, where
United States President Donald Trump will host the first-ever crypto summit at the White House on March 7. The event has gained significance as it could influence US regulatory policies and investor sentiment in the crypto market. White House AI and Crypto Czar David Sacks will chair the summit. Bo Hines, Working Group’s Executive Director will administer it. White House Readies For Crypto Summit The White House crypto summit will be held on March 7 and marks a significant milestone in the recognition of cryptocurrencies by the US government. The summit will be led by venture capitalist and White House Crypto Czar David Sacks and administered by Working Group Executive Director Bo Hines. President Trump created the Executive Group shortly after taking office and tasked it with advising the White House on digital asset policy and evaluating the creation of a strategic Bitcoin reserve. The White House released a statement confirming the summit, stating, “President Trump will host and deliver remarks at the first-ever White House Crypto Summit on Friday, March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets. The summit will be chaired by the White House AI and Crypto Czar David Sacks and administered by the Working Group’s Executive Director, Bo Hines.” President Trump is expected to deliver remarks at the gathering, which comes at a time when investor confidence and market sentiment is lagging. The White House added it was committed to providing a clear regulatory framework for crypto, stating, “The administration is committed to providing a clear regulatory framework, enabling innovation, and protecting economic liberty.” Trump’s Position On Crypto Donald Trump derided crypto before the 2024 elections, calling it a scam. However, he changed his position during the 2024 campaign, promising to streamline regulations, choose crypto-friendly officials to key positions, create a stablecoin framework, and establish a strategic Bitcoin reserve. As a result, the crypto industry donated millions towards his campaign. However, Trump has yet to fulfill the promises made on the campaign trail, with the industry disappointed by the lack of urgency. The markets have also gotten over the initial euphoria of Trump’s election victory and are struggling after falling back to pre-election levels. However, the Trump administration’s policies are a clear departure from the Biden administration’s regulatory approach after the collapse of FTX and other scandals. Trump has also gotten into the crypto business himself by launching a meme coin just days before taking office for a second time. He is also involved with a crypto project called World Liberty Financial. 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.
XRP Price has once again found itself in the spotlight, as Ripple faces a fresh wave of selling pressure that has many investors on edge. Despite some positive news, like DekaBank teaming up with Ripple Custody and the SEC reviewing new ETF filings, uncertainty still hangs over the token’s long-term trajectory. While these developments could eventually bolster the XRP Price if approved, there’s no denying that Ripple remains locked in ongoing legal and regulatory challenges. Against this backdrop, a viral utility coin known as DTX is catching attention for offering another potential shot at 10x gains. Priced at just $0.18 with a confirmed $0.36 listing, DTX might deliver a more immediate opportunity than waiting out Ripple’s next market move. Final Presale Stage: 4x Gains on Launch While Ripple continues to navigate regulatory waters, DTX offers a more straightforward path to potential returns. The token is set to list at $0.36, exactly double its current $0.18 presale price. However, early buyers can apply a special code to receive a 100% bonus allocation, effectively doubling their token stack. That means instead of a 2x jump on launch day, they could be looking at a quick 4x boost, should the listing go as planned. Given XRP Price headwinds, it’s no surprise that many risk-tolerant investors are pivoting toward DTX as a high-upside alternative. Can DTX Rival XRP Price Performance? Ripple has been making strides in decentralized finance, with XRPL’s DeFi pools surpassing 13 million XRP, but some wonder whether these milestones will be enough to sustain long-term bullish momentum. XRP Price touched $2.2 in the last 24 hours, yet trading volume dipped by 4.19% to $9.77 billion, suggesting caution among market participants. In contrast, DTX Exchange’s momentum keeps building, thanks to real-world use cases like zero-commission trading of cryptos, stocks, and forex. Plus, DTX has been audited by SolidProof, adding an extra layer of trust for anyone eyeing a safer option. If Ripple’s regulatory issues drag on, DTX might scoop up investors who don’t feel like waiting around for the next legal plot twist. XRP Price Turbulence Sparks Shift Toward DTX Some observers believe XRP Price volatility will persist until Ripple achieves full regulatory clarity. Although institutional interest has reportedly surged, particularly with the SEC acknowledging Grayscale’s XRP Trust ETF filing, this could take time to materialize in the markets. Source: CryptoMarketCap Daily Chart: XRP Price In contrast, DTX Exchange has already raised $15.2 million and continues to draw in traders seeking faster gains. Built on the VulcanX Layer 1 blockchain, DTX can process up to 200,000 transactions per second, a speed that sets it apart from many established projects. As Ripple navigates courtrooms and ETF proposals, DTX is quietly forging ahead in its final presale stage, where investors can still lock in tokens at $0.18 before the listing at $0.36. Ripple Custody Deals vs. DTX’s Bold Roadmap A recent partnership between DekaBank and Ripple Custody highlights the network’s ambition to provide compliant crypto services. While this underscores Ripple’s desire to cater to traditional finance, its progress is often overshadowed by the ongoing SEC saga that keeps XRP Price under watchful eyes. DTX Exchange, on the other hand, is rolling out a multi-asset platform featuring fractional trading, copy trading, and up to 1000x leverage, targeting both novice and seasoned traders. Audited by SolidProof to ensure security, DTX has cultivated a community of over 700,000 members and 275,000 Phoenix Wallet downloads. With these foundations in place, some speculate DTX could outpace tokens hampered by protracted legal standoffs. Conclusion XRP Price remains in flux as Ripple fights legal battles and seeks to broaden its custody and institutional services. While these efforts could pay off in the long run, some investors crave a more immediate opportunity, one that DTX Exchange appears ready to provide. With its final presale phase offering a code for a 100% token bonus, DTX holders stand to gain up to 4x on launch day, far outpacing the current 2x jump from $0.18 to $0.36. As Ripple tries to turn the tide of immense selling pressure, this viral utility coin might be the next big thing for traders hungry for quicker, more substantial gains. Whether you’re bullish on XRP Price or seeking a fresh start elsewhere, DTX could be the breakout star of the season. To get more information about DTX Exchange, visit the links below Visit Website Buy Presale Join Community 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.
XRP, the fourth largest cryptocurrency by market capitalization, has rebounded above the $2 mark following a significant sell-off in risk assets. Amid rising macroeconomic concerns, the broader crypto market experienced a risk-off sentiment this week, with Bitcoin dropping 8% to $78,167 and XRP falling to a low of $1.95 on Friday. However, XRP managed to … Continue reading "XRP Rebounds Above $2, Eyes $2.71 Resistance Amid Market Sell-Off" The post XRP Rebounds Above $2, Eyes $2.71 Resistance Amid Market Sell-Off appeared first on Cryptoknowmics-Crypto News and Media Platform .
OFFICIAL TRUMP seems to be on the verge of surpassing a significant barrier. This development could ignite a viral frenzy in the cryptocurrency world. The focus turns to Dogecoin and WIF. Will these coins experience a surge? Buckle up to discover which digital currencies are primed for potential growth. OFFICIAL TRUMP: Recent Deep Drops Amid Long-Term Gains Price dropped almost 50.93% over the past month and fell 15.51% in one week, contrasted by a 6-month gain of 11.42%. The numbers show a striking short-term loss amid a gradual long-term improvement. Movements reflect high volatility where swift declines can give way to modest recovery over longer spans. Historical performance underlines a turbulent market phase with sharp corrections linked to sudden selling pressure. Current prices range from $7.68 to $21.64 with immediate resistance at $30.32 and solid support at $2.39. A second resistance is at $44.28. Negative momentum and an oscillator, along with an RSI of 39.76, indicate bearish dominance without a clear trend. Traders might explore short positions below resistance or consider buying near support while managing risk carefully. Dogwifhat Market Update: Recent Trends and Key Levels Dogwifhat experienced a 45.77% decline over the past month and a 53.98% drop in the last six months. Price movements have shown steep declines with only small recoveries amid overall bearish pressure. The past performance highlights a continuous downturn with inconsistent attempts to rally, reflecting a difficult market situation that has kept bearish sentiment at the forefront. Current trading places the coin between 0.36 and 1.04 dollars, with clear resistance at 1.44 dollars and support at 0.10 dollars, along with a second resistance around 2.12 dollars. Bearish signals dominate the market, with near-neutral momentum and an RSI reading of 40.85, indicating slightly oversold conditions. Traders might look for cautious entries within these levels while staying alert for any signs of a trend reversal. Dogecoin Volatility: Short-Term Decline Amid Long-Term Surge Last month saw a 37% decline after a notable 114% gain over the past six months. The coin has faced sharp short-term drops, contrasting with its long-term rally. Variability has characterized its price action, reflecting market swings that led to significant corrections despite the overall positive trend in the half-year timeframe. Trading volume and market sentiment have varied widely, indicating a volatile landscape for Dogecoin in recent months. The current price trades between $0.1445 and $0.2961, with resistance at $0.39 and support around $0.0871. Bears dominate the market, pushing negative momentum and oscillator readings, although the RSI shows it is oversold. Traders may consider looking for rebound opportunities near support or assessing potential breakdowns before anticipating upward movements. Conclusion TRUMP's recent performance suggests a strong move towards breaking the main resistance. This momentum could impact related coins like WIF and DOGE. Close attention to TRUMP's actions will be key. If TRUMP successfully breaks through, it may set off a positive trend, particularly in meme coins. DOGE is likely to experience increased activity as a result. WIF could also benefit, riding the wave of interest generated by TRUMP's breakthrough. Watching how these coins interact in the coming days will be crucial for understanding the broader impact. 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.
The U.S. court dismissed the SEC's lawsuit against Richard Heart for lack of jurisdiction. Continue Reading: Federal Court Supports Richard Heart, Raising Hopes for Ripple Case Outcomes The post Federal Court Supports Richard Heart, Raising Hopes for Ripple Case Outcomes appeared first on COINTURK NEWS .
Hedera’s (HBAR) recent market movements suggest a potential shift in momentum, showcasing bullish indicators that could redefine its trading direction. With technical analysis highlighting a bullish RSI and volatility squeezes,
The post XRP Open Interest Surges Past $3B, Fueling Optimism for Price Rally appeared first on Coinpedia Fintech News In the last 24 hours, XRP has experienced a significant shift, igniting optimism for its future. The cryptocurrency’s open interest surged by an impressive 8.43%, indicating that investor sentiment is growing more positive. This uptick in open interest suggests that many traders are positioning themselves for a potential price rally, raising hopes that the recent sell-off might be over. XRP Open Interest Crosses $3B! Notably, data from CoinGlass indicates that the total amount of XRP in open interest has crossed the $3 billion mark. In the past 24 hours alone, investors have locked in 1.40 billion XRP, worth $3.07 billion, signaling a significant increase in market activity and interest in XRP. A significant portion of market activity was centered around the Bitget exchange ecosystem, where it dominated with 29.38% of the total open interest. This equated to a whopping 412.38 million XRP, worth $901.97 million. Other major exchanges included Binance, Gate.io, and Bybit. Binance took second place with 287.56 million XRP valued at $629.32 million, followed by Gate.io with 275.46 million XRP worth $603.24 million, and Bybit with 241.94 million XRP worth $529.84 million. XRP Price Surges Over 8% This shift comes after a sharp decline in the broader cryptocurrency market. XRP’s price briefly fell below $2 last week due to the market downturn. Besides, in the last 24 hours, XRP has increased by 8.23%, reaching $2.21. Analysts suggest this price swing indicates a potential upward trend, highlighting XRP’s resilience after briefly dipping below $2. Despite the recent sell-off, market participants are becoming more bullish on XRP. Some believe the worst of the sell-off is over, especially since there’s no imminent “death cross” for XRP.
As Bitcoin continues to trend south, the possibility of a further decline hinges on its next action.