Bitcoin (BTC) climbed above $84,000 today, extending its upward momentum amid a broader rally in risk assets. The rally coincided with another positive day for U.S. stocks, providing a favorable backdrop for cryptocurrencies. Despite the bullish price action, some analysts remain cautious. Joel Kruger, strategist at LMAX Group, warned that the monthly chart of the S&P 500 is pointing to a potential correction in U.S. equities, which could negatively impact cryptocurrencies. “Given the state of global trade tensions and concerns about a slowdown in the U.S. economy, there is concern that stocks could fall further at a time when it is increasingly unclear how much more accommodation the Fed can provide,” Kruger said. Related News: Binance Finally Brought The Expected Feature: Added to the Home Page, Here are the Impacted Altcoins Kruger also noted that if there is a broader correction in the market, Bitcoin could return to its March 2024 highs of around $73,000-$74,000. Investors are closely watching this week's Federal Open Market Committee (FOMC) meeting, with expectations that the Fed will keep interest rates at current levels. However, analysts are watching for potential changes to the central bank's quantitative tightening (QT) program that could impact market liquidity. David Duong, director of research at Coinbase Institutional, suggested that the Fed could pause or end the QT program as bank reserve levels approach the 10-11% of GDP threshold deemed necessary for financial stability. Duong attributed the recent crypto sell-off to macroeconomic concerns and worsening liquidity conditions. However, he believes that these conditions could improve in the coming quarters and provide some support for asset prices. “Cryptocurrency prices could find bottoms in the next few weeks before hitting new highs later this year,” Duong said. *This is not investment advice. Continue Reading: Before the Critical FED Interest Rate Decision, Two Analysts Predicted the Direction of Bitcoin Price – “If There Is A Correction, It May Go Down To This Level”
On March 18th, COINOTAG reported a significant development in the DeFi sector as Offchain Labs, the development team behind Arbitrum, unveiled the launch of Onchain Labs. This strategic initiative is
Solana’s USDT volatility has reached “extreme” levels, driven by high trading activity on its transport layer. Mercuryo’s study shows five significant volatility spikes in 2025, with daily USDT trade volumes
A recent survey by Data for Progress found that only about 10% of US voters want the Trump administration to increase federal funding for cryptocurrency and blockchain development. However, a White House fact sheet clarifies that the strategic reserve will be funded exclusively with bitcoin seized through criminal or civil asset forfeiture, requiring no taxpayer
On March 18th, COINOTAG News reported that Aptos has officially introduced the LFM program, which is designed to assist ecosystem projects in successfully navigating the complexities of Token Generation Events
Solana futures have launched on CME, responding to rising trader demand. Technical analyses reveal mixed signals for Solana's current market position. Continue Reading: Solana Futures Launch Sparks Increased Interest in Regulated Crypto Products The post Solana Futures Launch Sparks Increased Interest in Regulated Crypto Products appeared first on COINTURK NEWS .
On March 18th, COINOTAG reported significant developments regarding the cryptocurrency initiative backed by former U.S. President Donald Trump, known as World Liberty Financial (WLFI). This venture has successfully wrapped up
Ethereum has faced significant selling pressure in recent weeks and has repeatedly tested lower support levels. According to the latest analysis by crypto research firm MakroVision, ETH has not seen a strong buying reaction so far. The key question now is whether Ethereum has formed a bottom or if the decline will continue. Analysis shows that Ethereum has dropped below multiple support zones and is revisiting deeper liquidity areas. Despite the brief stabilization, no sustained buying momentum has been seen, leaving the risk of further declines high. Analysts list the key critical price zones for ETH as follows: $2,132: First major hurdle. Ethereum must reclaim this level to start a potential recovery. $2,400: A critical area with descending trend lines. Breaking above this level could signal a trend reversal. $1,730: This level has held so far, but another test could weaken the support. $1,544: The lowest liquidity zone, likely the next target if Ethereum breaks below $1,730. Related News: Binance Finally Brought The Expected Feature: Added to the Home Page, Here are the Impacted Altcoins At the time of writing, ETH is trading at $1,939. *This is not investment advice. Continue Reading: Ethereum Analysts Reveal Two Critical Levels to Overcome and Points to Protect for a Rally
The landscape of cryptocurrency regulation in the United States is poised for a significant change as Paul Atkins inches closer to becoming the SEC chair. Atkins’ potential leadership could tilt
Ethereum price is heading into a long-term correction driven by a wave of on-chain and fundamentals. Standard Chartered’s decision to ditch its Ethereum to $10K prediction is the latest in a series of negatives for the asset. Ethereum Price Continues In Descending Channel Recent price movements for Ethereum (ETH) are unpromising with analysts predicting a steeper drop for the asset. At the moment, Ethereum’s price hovers around $1,930 continuing its unenthusiastic ranging pattern. The MACD indicator confirms widespread buying weakness for the second-largest cryptocurrency with bears reigning supreme. Moving averages are pointing to a neutral trend for Ethereum price, sparking theories over a possible consolidation for the asset. “The price continues to move in a descending channel, indicating a possible continuation of consolidation,” said the pseudonymous LVelarde. At the moment, the Ethereum price is consolidating below the 5-day and 200-day moving averages (MA) with traders scanning the horizon for a potential breakout or rejection. Since ETH fell below $2,000 , a slew of dour sentiment has trailed the asset, casting doubt over its long-term future. “In the short term, technical indicators point to a possible retest of support around $1,800-$1,850, and a break below could reinforce the bearish movement,” said LVelarde. Standard Chartered Slashes Its ETH Prediction Ethereum’s community was roiled by Standard Chartered’s reduction of its ETH prediction for 2025 from $10,000 to $4,000. According to a note, Standard Chartered analysts are predicting ETH will continue underperforming ahead of its 10th anniversary. Analysts termed Ethereum’s decline as a “mid-life crisis” with layer 2 Base taking off $50 billion from ETH’s market capitalization. Meanwhile, the incoming Converge blockchain will snag a portion of Ethereum’s market cap as experts call for a radical change. “Only a proactive change of commercial direction from the Ethereum Foundation – such as taxing layer 2 – could achieve that now, in our view,” read the note. Ethereum ETFs have faltered with the inbound 21Shares liquidations of Bitcoin and Ethereum Futures ETFs. Experts say that Pectra activation on the mainnet can trigger a fresh rally for Ethereum price to a $5,000 valuation. The post Ethereum Price Remains In Deep Correction As Standard Chartered Slashes ETH Target By 60% appeared first on CoinGape .