Stellar (XLM) has seen significant price turbulence, dropping 24.6% recently amidst a volatile market landscape that is testing key support levels. The rapid fluctuation in XLM’s price underscores broader market
By James Van Straten (All times ET unless indicated otherwise) The CME bitcoin (BTC) futures chart is in focus once again as bitcoin's recent 12% retracement has filled the latest CME gap —caused by the exchange’s weekend closure and bitcoin's price run up to $95,000. According to RiggsBTC , a post on X highlights a striking statistic: since bitcoin futures launched in December 2017, there have been 80 CME gaps, with only one unfilled at $21,000. Zooming out to the macroeconomic picture, the U.S. economy faces slower growth due to fiscal cuts, trade uncertainties, and a weakening housing market. Inflation is expected to trend lower, with the Federal Reserve prioritizing employment over price control, according to Professor Satoshi, an analyst at Greeks Live Options Trader, told CoinDesk exclusively. Professor Satoshi also views equities as overvalued, predicting a potential S&P 500 drop to 5700–5500. Meanwhile, the crypto market is experiencing de-risking, which often precedes downturns in equities. "You can see altcoins got de-risked. This means majors get de-risked afterward. Typically, it's the crypto market down first, then equities follow", according to Professor Satoshi. Additionally, Professor Satoshi expects the Fed to likely skip a rate cut in March and the potential for a larger 50 bps cut in May. A potential return of quantitative easing in 2025, one he has been anticipating since last year’s growth scare."The Federal Reserve are always behind because they are data driven. On my bingo cards for 2025 is return of quantitative easing. Which no one thinks is possible but have been thinking this for sometime because ever since the growth scare last year, we managed to kick the can down the curb until now".However, the strengthening Japanese Yen could be the canary in the coal mine, which is currently at its strongest level this year against the U.S. dollar at 148. Stay Alert! What to Watch Crypto: March 5, 2:29 a.m.: Ethereum testnet Sepolia receives the Pectra hard fork network upgrade at epoch 222464 . March 5, 11:00 a.m.: Circle hosts a live webinar titled “ State of the USDC Economy 2025 ” featuring Circle Chief Strategy Officer and Head of Global Policy Dante Disparte and three other executives from Bridge, Nubank and Cumberland. March 6: Ethereum-based L2 blockchain MegaETH deploys its public testnet , with user onboarding starting on March 10. March 7: President Trump will host the inaugural White House Crypto Summit , bringing together top cryptocurrency founders, CEOs and investors. Macro March 4, 8:00 p.m.: China’s 14th National People’s Congress (NPC) Third Annual Session starts. March 4, 8:30 p.m.: Bank of Japan Governor Kazuo Ueda speech at the IMF event "Asia and the IMF: Resilience through Cooperation" in Tokyo. March 4, 8:45 p.m.: Caixin Media releases February China economic activity data. Services PMI Est. 50.8 vs. Prev. 51 Composite PMI Prev. 51.1 March 5, 4:00 a.m.: HCOB (Hamburg Commercial Bank) releases (final) February eurozone PMI business activity data. Composite PMI Est. 50.2 vs. Prev. 50.2 Services PMI Est. 50.7 vs. Prev. 51.3 March 5, 5:00 a.m.: Eurostat releases January eurozone wholesale inflation data. PPI MoM Est. 0.3% vs. Prev. 0.4% PPI YoY Prev. 0% March 5, 8:00 a.m.: S&P Global releases February Brazil economic activity data. Services PMI Prev. 47.6 Composite PMI Prev. 48.2 March 5, 8:15 a.m.: Automatic Data Processing (ADP) releases February U.S. non-farm private sector employment data. ADP Employment Change Est. 140K vs. Prev. 183K March 5, 9:30 a.m.: S&P Global releases February Canada economic activity data. Services PMI Prev. 49 Composite PMI Prev. 49.5 March 5, 9:45 a.m.: S&P Global releases February U.S. economic activity data. Services PMI Est. 49.7 vs. Prev. 52.9 Composite PMI Est. vs. 50.4 vs. Prev. 52.7 March 5, 10:00 a.m.: Institute for Supply Management (ISM) releases February U.S. economic activity data. Services PMI Est. 52.9 vs. Prev. 52.8 Earnings (Ests. based on FactSet data) March 6 (TBC): Bitfarms ( BITF ), $-0.04 March 17 (TBC): Bit Digital (BTBT), $-0.05 March 18 (TBC): TeraWulf ( WULF ), $-0.04 March 24 (TBC): Galaxy Digital Holdings ( TSE: GLXY ), C$0.38 Token Events Governance votes & calls Paraswap DAO is discussing the return of 44.67 wrapped ether (wETH) to hacked cryptocurrency exchange Bybit that were collected by the DAO since the security breach. Ampleforth DAO is discussing authorizing the Ampleforth Foundation to borrow 800,000 FORTH tokens from the treasury over 12 months to provide liquidity on major centralized exchanges. Morpho DAO is voting on adjusting MORPHO token rewards on various networks by granting the Morpho Association the ability to alter rewards within predefined limits. March 4, 12 p.m.: Lido to host a Node Operator Call. March 5, 11 a.m.: Circle to host a call on The State of the USDC Economy . Unlocks March 2: Ethena (ENA) to unlock 66.19% of circulating supply worth $715.55 million. March 7: Kaspa (KAS) to unlock 0.63% of circulating supply worth $12.27 million. March 9: Movement (MOVE) to unlock 2.08% of its circulating supply worth $19.57 million. March 12: Aptos (APT) to unlock 1.93% of circulating supply worth $61.07 million. March 15: Starknet (STRK) to unlock 2.33% of its circulating supply worth $11.99 million. Token Listings March 4: Livepeer (LPT) to be listed on Bitbank. March 6: Roam ($ROAM) to be listed on KuCoin and MEXC. Conferences CoinDesk's Consensus is taking place in Toronto on May 14-16 . Use code DAYBOOK and save 15% on passes. March 8: Bitcoin Alive (Sydney, Australia) March 10-11: MoneyLIVE Summit (London) March 13-14: Web3 Amsterdam ‘25 (Netherlands) March 19-20: Next Block Expo (Warsaw, Poland) March 26: DC Blockchain Summit 2025 (Washington) March 28: Solana APEX (Cape Town, South Africa) Token Talk By Shaurya Malwa Ether (ETH) investors narrowly avoided a catastrophic cascade of liquidations within the MakerDAO ecosystem as ETH prices came within $80 of triggering the first liquidation at a critical price point of $1,929, according to data from MakerDAO vaults. The vaults, including Vault 26949, Vault 22025, and Vault 1985, are collateralized with ETH and hold a combined value of over $348 million. However, they face liquidation risks if ETH’s price drops to $1,929, $1,844, or $1,796, respectively. Market watchers are closely monitoring these levels, as a breach could destabilize the DAI stablecoin and ripple through the broader DeFi ecosystem, potentially causing significant volatility. The slide comes as ETH grapples with its worst price action in recent years—down 12% in the past 24 hours to reach levels last seen in late 2023. Derivatives Positioning The price swoon continues to shake out leverage traders. Bitcoin and ether futures open interest on Binance has hit the lowest level since August last year. Open interest in BTC and ETH futures listed on the CME has declined to levels seen in November. The CME basis, however, has recovered above 5%, hinting at renewed bullish flows. Top 25 cryptocurrencies are down on a 24-hour basis, but only HYPE, BCH, XMR, SUI, OM, BNB, UNI and TON have seen a concurrent rise in open interest. That's a sign of traders shorting the decline in these tokens. On Deribit, BTC and ETH options show a renewed bias for puts. A market participant paid over $2 million in premium to purchase the $85,000 BTC put expiring at the end of April. Market Movements: BTC is down 1.62% from 4 p.m. ET Monday at $84,001.60 (24hrs: -9.49%) ETH is down 0.48% at $2,101.37 (24hrs: -0.48%) CoinDesk 20 is down 2.7% at 2,734.47 (24hrs: -10.9%) Ether CESR Composite Staking Rate is down 7 bps at 3.07% BTC funding rate is at 0.0035% (3.89% annualized) on Binance DXY is down 0.43% at 106.29 Gold is up 1.18% at $2,924.2/oz Silver is up 1.28% at $32.44/oz Nikkei 225 closed -1.2% at 37,331.18 Hang Seng closed -0.28% at 22,941.77 FTSE is down 0.3% at 8,856.47 Euro Stoxx 50 is down 2.02% at 5,428.65 DJIA closed on Monday -1.48% at 43,191.24 S&P 500 closed -1.76% at 5,849.72 Nasdaq closed -2.64% at 18,350.19 S&P/TSX Composite Index closed -1.54% at 25,001.6 S&P 40 Latin America closed -0.53% at 2,286.64 U.S. 10-year Treasury rate is up 1 bps at 4.17% E-mini S&P 500 futures are down 0.11% at 5,854.25 E-mini Nasdaq-100 futures are unchanged at 20,464.25 E-mini Dow Jones Industrial Average Index futures are down 0.1% at 43,202.00 Bitcoin Stats: BTC Dominance: 60.98 (-0.82%) Ethereum to bitcoin ratio: 0.02511 (0.72%) Hashrate (seven-day moving average): 810 EH/s Hashprice (spot): $52.2 Total Fees: 6.06 BTC / $550,672 CME Futures Open Interest: 139,245 BTC BTC priced in gold: 29.1 oz BTC vs gold market cap: 8.27% Technical Analysis XRP/BTC's weekly chart. (TradingView) The XRP-bitcoin (XRP/BTC) pair is pushing against the upper end of a four-year-long sideways channel. Breakouts from such prolonged consolidation patterns often yield sharp rallies. Crypto Equities MicroStrategy (MSTR): closed on Friday at $250.92 (-1.77%), down 1.63% at $246.82 in pre-market Coinbase Global (COIN): closed at $205.75 (-4.58%), down 1.01% at $203.68 Galaxy Digital Holdings (GLXY): closed at C$20.76 (-3.58%) MARA Holdings (MARA): closed at $13.79 (-0.93%), down 2.61% at $13.43 Riot Platforms (RIOT): closed at $8.86 (-4.53%), down 1.58% at $8.72 Core Scientific (CORZ): closed at $10.14 (-9.14%), down 0.89% at $10.05 CleanSpark (CLSK): closed at $7.79 (-2.5%), down 1.8% at $7.65 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $16.50 (-7.41%) Semler Scientific (SMLR): closed at $38.89 (-9.39%), down 3.5% at $37.53 Exodus Movement (EXOD): closed -2.91% at $40.97 ETF Flows Spot BTC ETFs: Daily net flow: -$74.2 million Cumulative net flows: $36.87 billion Total BTC holdings ~ 1,131 million. Spot ETH ETFs Daily net flow: -$12.1 million Cumulative net flows: $2.81 billion Total ETH holdings ~ 3.636 million. Source: Farside Investors Overnight Flows Chart of the Day The Solana-based DEXes registered $105.9 billion in trading volume in February, comfortably outdoing Ethereum's tally of $82 billion. Solana 's winning trend began in October, largely due to the frenzied trading in memecoins. While You Were Sleeping Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K (CoinDesk): Fundstrat’s Head of Research recently said Bitcoin could drop to $62,000 in the short term but still expects it to reach $150,000 by the end of 2025. Bitcoin Price Support Near $82K Under Threat as Nasdaq Triggers 'Double Top' (CoinDesk): Despite the past weekend’s crypto rally, Bitcoin’s long-term rebound may depend on Nasdaq’s trajectory, according to research firm Ecoinometrics. THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack (CoinDesk): DefiLlama data shows THORChain processed record swaps in the week ending March 2, while blockchain analysis suggests hackers may have used the platform to move a significant amount of funds stolen from Bybit. China Retaliates Against U.S. With Tariffs, Controls on U.S. Companies (The Wall Street Journal): On Tuesday, China retaliated against Trump’s additional 10% tariffs on Chinese imports by imposing up to 15% tariffs on U.S. agricultural goods, set to take effect March 10. Canada Retaliates, Puts Tariffs on $107 Billion of US Products (Bloomberg): Canada’s 25% tariffs on $20.6 billion in U.S. goods are now in effect, with a second round in three weeks targeting an additional $86.4 billion in exports, including cars, trucks, steel and aluminum. Global Government Borrowing Set To Hit Record $12.3Tn (Financial Times): Global sovereign debt will rise 3% this year as defense spending, high interest rates and deficits drive borrowing, while investors like Pimco cut exposure to long-term government bonds over sustainability concerns. In the Ether
The crypto market is experiencing heightened volatility, with liquidation risk intensifying for key altcoins due to significant whale activity and evolving regulatory news. Major price shifts have the potential to
The cryptocurrency market has suffered another sharp downturn, with Bitcoin ( BTC ) plunging more than 10% in the past 24 hours, now trading below $85,000. The crash triggered over $985 million in liquidations, wiping out earlier gains fueled by Trump’s weekend proposal for a US strategic crypto reserve . The sell-off erased $460 billion from the total crypto market capitalization, leaving investors unsettled as panic sets in. Crypto market crash sees surge in liquidations The market-wide collapse led to a significant spike in liquidations, with Bitcoin alone accounting for $370 million in wiped-out positions in the last 24 hours. Ethereum ( ETH ) saw $190 million in liquidations, followed by Solana ( SOL ) with $58.87 million, XRP with $51 million, and Cardano ( ADA ) with $36 million. Crypto market liquidation. Source: CoinGlass The timing of the crash coincided with President Trump’s new tariffs on Mexico and Canada, which took effect on March 4. A day earlier, Bitcoin had surged nearly 20% from its November lows following Trump’s announcement of a US strategic crypto reserve . However, concerns over regulatory hurdles and political feasibility dampened enthusiasm, leading to a swift pullback. Notably, Bitcoin critic Peter Schiff called the announcement the “biggest crypto rug pull of all time.” Schiff even demanded a Congressional probe into whether Trump’s inner circle might have profited from the initial market surge before the collapse. Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the following regarding this pump and dump scheme. Who authored the two Sunday afternoon posts on the President's… — Peter Schiff (@PeterSchiff) March 3, 2025 Bitcoin’s February sell-off marks one of the worst in history Bitcoin wrapped up February with a 17.39% monthly drop, marking its second-worst February on record, only surpassed by a 31.03% crash in 2014. Bitcoin Monthly returns(%). Source: CoinGlass Historically, February has been a strong month for Bitcoin, with an average gain of 13.12% over the past decade. The last time Bitcoin experienced a similar February decline was in 2014, when it lost over 31% following the Mt. Gox exchange collapse, one of the biggest crises in Bitcoin’s history. The sharp selloff was compounded by Bitcoin ETF outflows , which peaked at $1.1 billion on February 25, according to Farside data indicating weakening institutional demand. What’s next for Bitcoin? At press time, Bitcoin is trading at $83,724, down 10% in the past 24 hours and 22% below its January peak of $108,066. Despite the sharp decline, some prominent industry figures remain optimistic about the cryptocurrency’s long-term outlook. Bitcoin one-day price chart. Source: Finbold Former BitMEX CEO Arthur Hayes believes that Bitcoin’s worst-case scenario would see a floor near $70,000, in line with previous cycle peaks. Similarly, CryptoQuant CEO Ki Young Ju suggested that even if BTC drops to $77,000, it would still be a healthy retracement within a broader bullish phase rather than a shift into a bear market. That being said, for now, the crypto market is experiencing one of its most volatile phases of 2025, with regulatory clarity and macroeconomic stability emerging as key factors for recovery. Featured image via Shutterstock The post Bitcoin crashes again—what’s behind the $985 million crypto market wipeout in a day? appeared first on Finbold .
Bybit is still tracking most of the $1.4 billion stolen in a February 21 hack, but CEO Ben Zhou revealed that $280 million has completely disappeared .
The Bybit hacker has laundered $1.04 billion in stolen funds in just 10 days, but security firms believe some assets may still be recoverable through blockchain tracing.
On March 4th, COINOTAG News reported a significant downturn in the cryptocurrency market, which has seen a drastic correction of over 14.7% within a 24-hour period, leading to a total
The post Time to Sell Solana (SOL)? Whales Unstake Millions Amid Price Drop appeared first on Coinpedia Fintech News SOL, the native token of the Solana blockchain, appears to be attracting considerable attention from crypto enthusiasts following its recent decline. According to Coinmarketcap data, SOL has seen a significant price drop of over 20% in the past 24 hours and is currently trading near $137. Whale Unstaked $10.40 Million Worth SOL Following this bearish price momentum, a crypto whale who has been holding SOL since it was trading at $43 has unstaked 79,530 SOL tokens worth $10.39 million, according to on-chain analytics firm EyeOnChain on X (formerly Twitter). The post also noted that this whale had previously withdrawn nearly 200,000 SOL tokens worth $8 million from Binance and staked them. However, as the price continues to decline, he now appears to be dumping and partially booking profits. Another whale is saying goodbye to $SOL . 3 hours ago, a whale #unstaked 79,530 SOL ($10.86M). Back on Nov 8, 2023, they withdrew 200K SOL ($8.6M) from Binance and staked it when SOL was just $43. pic.twitter.com/keIsChVaof — EyeOnChain (@EyeOnChain) March 4, 2025 However, this potential profit booking occurred after the Crypto Strategic Reserve announcement, in which pro-crypto U.S. President Donald Trump mentioned SOL in the reserve. Considering the current market sentiment and recent whale activity, it appears that whales may be saying goodbye to Solana. Will the SOL Price Fall to $100? Besides this, another crypto trader appears bearish on SOL, having deposited 2 million USDC to long the token. However, the bearish signal comes from the fact that he has placed a limit order between $100 and $131.82 to accumulate tokens. This suggests that SOL could drop to the $100 level in the coming days. Time to sell $SOL ? Here’s why: A whale deposited 2M USDC to long SOL 4 hours ago. They’ve placed multiple limit orders between $100 and $131.82, aiming to accumulate. This suggests #sol could hit $100 soon. pic.twitter.com/IbWhwTtiU4 — EyeOnChain (@EyeOnChain) March 4, 2025 Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL is currently at a crucial support level near $130. This level has historically acted as a strong price reversal zone, often witnessing significant buying pressure. Based on recent price action and historical momentum, if SOL holds this level, there is a strong possibility it could soar by 30% to reach $137 in the coming days. Source: Trading View With the ongoing market uncertainty, investors and long-term holders have been accumulating the token, according to on-chain analytics firm Coinglass . Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $180 million worth of SOL tokens in the past 48 hours. Source: Coinglass When combining this outflow data with technical analysis, SOL appears bullish in the long term, whereas in the short term, the asset seems to be struggling to gain momentum.
The post Bitcoin Price Prediction 2025: Can BTC Hit $150K Despite Market Turmoil? appeared first on Coinpedia Fintech News Bitcoin has had a rough start to 2025 due to economic uncertainty and a broader risk-off sentiment in global markets. Amid fresh trade tariffs and macroeconomic shifts, investors are moving toward safer assets like gold. However, Fundstrat’s Tom Lee remains optimistic, predicting that markets are close to bottoming out and that Bitcoin could still reach $150,000 by year-end. Market Uncertainty Hits Bitcoin Hard The recent downturn in Bitcoin isn’t happening in isolation. The U.S. has confirmed new trade tariffs against Canada and Mexico, rattling financial markets. Stocks have taken a hit, with the S&P 500 and Nasdaq dropping sharply. Bitcoin followed suit, and BTC fell to $83K from $95K, dropping 10% in a single day and wiping out its recent gains . Analysts from The Kobeissi Letter note that this “global move” away from risky assets has made Bitcoin vulnerable. Gold, on the other hand, has performed well, trading near all-time highs. Gold went up by 10% while Bitcoin has fallen by the same percentage since January—suggesting that investors no longer see Bitcoin as a safe haven. Adding more selling pressure on BTC. Tom Lee: Bottom in Sight, BTC Still on Track for $150K Despite the pullback, Tom Lee believes this is just part of Bitcoin’s natural market cycle. He suggests that markets are currently in a bottoming phase and could stabilize by the end of the week. His focus is on Friday’s job data, which he sees as a major trigger for the next market move. Speaking to CNBC, he reveals several factors behind this catastrophic bloodbath, he directly blames the government’s complex measures under the Department of Government Expenditure (DOGE) program, which has reduced public spending. On top of this, his new tariff policies have created uncertainty for businesses and investors. He further adds that if job numbers come in worse than expected, there could be an initial wave of panic. However, Lee argues that poor data might push the Federal Reserve to cut interest rates faster, which could provide a strong tailwind for Bitcoin and stocks. Futures markets are already pricing in 75 basis points of cuts by the end of the year, on top of the 100 basis points already implemented. The Bigger Picture for Bitcoin Lee isn’t overly concerned about Bitcoin’s short-term weakness. He attributes the decline to broader market cycles rather than any fundamental weakness in crypto. While he acknowledges that Bitcoin could briefly drop to $62,000, he remains confident that it will stage a strong comeback, potentially breaking past $150,000 before the year is over. According to trader Daan Crypto Trades, Bitcoin is retesting its 200-day moving average , a crucial support level in bull markets. He sees this as a rare and important moment, highlighting the need for bulls to hold this level to maintain the uptrend. $BTC Re-testing the Daily 200MA again. Important area to watch as you rarely get these tests during a big high timeframe run. Also a key level to hold for the bulls. pic.twitter.com/MAljckjRAb — Daan Crypto Trades (@DaanCrypto) March 4, 2025 For now, all eyes are on economic data and the Fed’s next move. If conditions align, Lee’s bullish outlook might just play out.
Bitcoin’s rally past $94,000 was short-lived as the asset dumped just as quickly and slumped below $84,000, thus erasing all the gains from Sunday’s surge. The altcoins have suffered even more, with the likes of SOL, DOGE, ADA, LINK, and many others posting double-digit price declines over the past 24 hours. BTC Rejected Violently Probably very few people might have expected the massive volatility bitcoin and the entire crypto market will have to go through once Donald Trump took office. Let’s leave the months heading to his inauguration aside and even the crash from last week, which was mostly blamed on his tariffs and other geopolitical decisions. Let’s focus only on the events that transpired in the past 48 hours or so. Recall that on Sunday afternoon, the US president confirmed plans that his administration will work on a crypto reserve. This resulted in immediate price surges from most digital assets, especially those that he namedropped. A day later, BTC’s price had peaked at $95,000 as it had added ten grand in 12 hours. However, that’s where the rejection came in, as Trump’s tariffs were right around the corner (starting today). Bitcoin was quickly pushed down from the $95,000 level to under $90,000. It kept losing value as Trump paused the military funding to Ukraine. The culmination came hours ago when BTC dumped to $82,500. Although it has recovered over a grand since then, it’s still nearly 10% down on the day . Its market cap has slumped to $1.660 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts Bleed Out The entire field is covered with red today, as many altcoins have posted losses of over 10%. Ethereum is down to $2,100 after an 11.5% drop, XRP has slumped to $2.35 after losing 12% in a day, and SOL has dumped beneath $140 after a 16% decline. Similar or even more painful decreases come from DOGE, ADA, LINK, LTC, AVAX, SUI, XLM, SHIB, and many, many others. The total crypto market cap erased all the gains from the Sunday pump and is down by over $300 billion to under $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Altcoins Suffer Double-Digit Losses as BTC Dumps Below $84K (Market Watch) appeared first on CryptoPotato .