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  • Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Company held 3,182 BTC worth $263.5 million.
    • Corporate BTC holdings rose 16.1% to 688,000 BTC.
    • Semler plans a $500 million securities offering.

    Semler Scientific has reported a $41.8 million unrealised loss on its Bitcoin holdings in the first quarter of 2025, underscoring the risks of crypto exposure among corporates.

    The healthcare technology firm disclosed the loss in an April 15 filing with the US Securities and Exchange Commission (SEC), citing a decline in the fair value of its Bitcoin portfolio between 31 December and 31 March.

    Bitcoin drops 12% in Q1

    Bitcoin’s price declined by 12% during the quarter, falling from $93,500 to $82,350. That drop led to a sharp markdown in Semler’s crypto holdings, which stood at 3,182 BTC, valued at $263.5 million as of March 31.

    The situation worsened in early April, with Bitcoin sliding below $75,000—a 32% correction from its all-time high.

    Despite this, the company has not altered its crypto strategy. CEO Doug Murphy-Chutorian had earlier noted Semler’s dual focus on healthcare innovation and Bitcoin acquisition, a stance that remains unchanged in light of the recent downturn.

    Corporate Bitcoin holdings rise 16%

    While Semler faced paper losses, public companies overall expanded their Bitcoin exposure.

    Data from Bitwise shows that listed firms added 95,431 BTC in Q1 2025—a 16.1% increase from the previous quarter.

    By March-end, these holdings totalled 688,000 BTC, with a combined valuation of $56.7 billion based on the quarter’s closing price of $82,445 per Bitcoin.

    According to blockchain tracker Bitbo, Semler is now the twelfth-largest corporate holder of Bitcoin, surpassing companies such as Boyaa Interactive.

    The trend highlights sustained institutional demand, even amid market volatility.

    Revenue and legal settlement update

    Semler’s quarterly revenue was estimated between $8.8 million and $8.9 million, with operating losses projected between $1.3 million and $1.5 million.

    The company also reported $10 million in cash and equivalents as of March 31.

    Along with this, Semler disclosed a preliminary agreement to settle a civil investigation by the Department of Justice for close to $30 million. The filing did not specify the nature of the probe.

    $500M securities offering planned

    Semler also filed plans to raise up to $500 million through securities offerings, with part of the proceeds potentially going towards further Bitcoin acquisitions.

    The company stated it may offer and sell securities “from time to time… up to an aggregate value of $500,000,000.”

    Shares of Semler, listed on Nasdaq under the ticker SMLR, are down 36% so far in 2025.

    The company acknowledged recent price swings and warned of continued volatility ahead, although it has not indicated any change to its digital asset strategy.

    At the same time, interest in Bitcoin at the policy level continues to build in the US.

    Data from Bitcoin Law indicates that 47 Bitcoin-related bills have been introduced across 26 states, with 41 still active.

    On April 5, Kentucky became the latest to adopt digital asset protections with the passage of House Bill 701—the “Bitcoin Rights” law—under Governor Andy Beshear.

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  • Altcoin market cap drops 41% amid crypto winter fears

    Altcoin market cap drops 41% amid crypto winter fears

    • Bitcoin and COIN50 fall below 200-day moving averages.
    • Venture capital remains 60% below 2021 levels despite mild rebound.
    • Market may stabilise between mid and late Q2 2025, says Coinbase.

    The risk of a renewed crypto winter is rising, Coinbase Research warned this week, as key technical and macroeconomic indicators suggest the digital asset market may be entering another prolonged downturn.

    In a note published yesterday, Coinbase said Bitcoin has slipped below its 200-day moving average—a level widely seen as a bearish signal.

    The COIN50 index, which tracks the top non-Bitcoin assets on the platform, has also fallen beneath its long-term support.

    Adding to the market stress are surging global tariffs and prolonged fiscal tightening, both of which are weighing on investor sentiment and curbing inflows into crypto.

    The situation echoes the 2022 crash, when over $2 trillion in market value was wiped out within 18 months.

    Altcoins have been hit the hardest. Excluding Bitcoin, the total crypto market cap has dropped 41% since its December 2024 peak, falling to $950 billion.

    That figure is lower than any level recorded between August 2021 and April 2022, a time when market turbulence was already high.

    Altcoins fall 41%

    According to Coinbase, the sustained drawdown in altcoins highlights the weakening appetite for riskier crypto investments.

    Tokens outside the Bitcoin ecosystem have seen sharp sell-offs amid thin liquidity and a lack of new capital.

    The COIN50 index now trades well below its 200-day average, signalling broad technical weakness across the sector.

    Retail interest has also declined, while institutional flows remain limited. This suggests that the bullish momentum seen in late 2024 has largely dissipated.

    Many smaller projects are underperforming, particularly those in niche segments such as decentralised AI, Web3 gaming, and tokenised real-world assets.

    Funding stays low

    Coinbase’s report also points to stagnation in venture capital. Although investment volumes have picked up modestly since late 2024, they remain 50% to 60% below the highs recorded during the 2021–2022 cycle.

    This has left many early-stage startups without the runway to scale, pushing some to pause development or downsize operations.

    The absence of fresh capital has slowed innovation across key verticals.

    Many in the industry had expected decentralised finance, metaverse applications, and crypto crowdfunding models to lead the next bull cycle. Instead, these areas have stalled.

    Macro weighs on sentiment

    Coinbase cited external economic pressures as a major reason for the recent slump.

    Tighter monetary policy, high interest rates, and the escalation of global tariffs have all eroded investor confidence.

    David Duong, head of institutional research, said the investment environment has become “paralysed” as both traditional and crypto markets face liquidity stress.

    These macro headwinds have discouraged speculation and limited the flow of capital into digital assets.

    Traders have pulled back, focusing instead on safe-haven assets as geopolitical risk and inflation remain elevated.

    Recovery may follow

    Despite the gloom, Coinbase believes the market may find a bottom between mid and late Q2 of 2025.

    A stabilisation in macro conditions—particularly a slowdown in inflation or an easing of interest rates—could help revive capital flows.

    Coinbase warns of a potential crypto winter as altcoins drop 41% and Bitcoin breaks key support. Market cap falls to $950b, mirroring 2022’s downturn.

    According to Duong, sentiment may reset quickly once market stress subsides, opening the door to a recovery in the second half of the year.

    The report stops short of making bullish predictions but says tactical positioning may be useful in the current environment. Analysts suggest keeping a close eye on liquidity trends and macro data as potential signals of a shift in momentum.

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  • PI coin price drops 10% to key level despite major network news

    PI coin price drops 10% to key level despite major network news

    • Pi Network price has dropped nearly 10% in the past 24 hours.
    • Traders are likely to watch the $0.65-$0.75 range for signs of a breakout or further weakness.
    • Pi Network’s focus on real-world adoption positions it for long-term growth.

    Pi Network’s native token, PI, has experienced a sharp decline over the past 24 hours, falling to a critical support level despite significant ecosystem developments.

    The price drop comes as major cryptocurrencies struggle to hold onto gains.

    In the past 24 hours, PI price has dropped nearly 10% and cut weekly upside to about 14%, with the altcoin hovering near $0.66.

    Despite the expansion of the Pi Ad Network to all ecosystem dApps, Pi Network’s price is under short-term bearish sentiment.

    Tron and Cardano have also struggled, but what does this mean for the PI token?

    Key Pi Network developments

    In the past few days, Pi Network has posted notable network developments.

    It includes a major Chainlink integration that marks a pivotal step for the cryptocurrency, which brings real-time, accurate data for decentralized applications.

    For dApps, the collaboration means fresh potential for DeFi applications, prediction markets, and blockchain games, all of which could drive PI demand.

    It’s the same outlook for DeFi protocols such as lending or staking platforms.

    Meanwhile, the Pi Ad Network’s expansion to all ecosystem dApps introduces a new revenue stream for developers.

    Advertisers must purchase PI to fund campaigns, while developers earn PI through user engagement.

    Initially piloted with five apps in 2024, the Ad Network’s full rollout is expected to accelerate app development and token utility.

    However, these fundamentals aside, PI’s price action reflects market hesitation.

    PI price prediction

    Since hitting highs near $3 in February, PI has been on a steady decline.

    The token has shed significant value, with the current level about 77% of the all-time high.

    A look at the four-hour chart reveals a symmetrical triangle pattern, a technical setup often signaling consolidation before a breakout.

    Notably, this can go in either direction, and it’s downward for PI.

    Pi Network chart by TradingView

    The symmetrical triangle breakdown suggests sellers are capitalizing on uncertainty, possibly due to broader market conditions or profit-taking after earlier gains.

    It’s what likely has bears in control, a scenario that could push PI price below key levels.

    As can be seen above, the token is now testing support near $0.65. Other than the symmetrical triangle pattern, the relative strength index and the moving average convergence divergence give sellers an upper hand. The MACD indicates a recent bearish crossover, shifting short-term sentiment after a rejection around $0.75.

    If bulls fail to hold above $0.65, PI could slide toward $0.50.

    However, if bullish momentum builds, PI could break above $0.8 and rally toward $1.20 in the near term.

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  • How high can XCN go?

    How high can XCN go?

    onyxcoin, XCN

    • XCN’s recent price action is nothing short of remarkable.
    • Over the past seven days, Onyxcoin has skyrocketed by more than 150%.
    • Its market cap has more than doubled, now sitting at around $700 million.

    Onyxcoin (XCN) is making headlines once again after an explosive rally, surging over 60% in the past 24 hours.

    The altcoin has officially cracked the top 100 cryptocurrencies by market cap, signaling renewed investor interest and strong bullish momentum.

    As XCN gains traction, many traders are now wondering: how high can it go?

    Massive weekly gains fuel XCN hype

    XCN’s recent price action is nothing short of remarkable.

    Over the past seven days, Onyxcoin has skyrocketed by more than 150%, with the majority of those gains occurring within the last 48 hours.

    Its market cap has more than doubled, now sitting at around $700 million.

    XCN price chart by CoinMarketCap

    Such rapid growth reflects a major shift in sentiment, especially after former President Donald Trump announced a temporary pause on tariffs for most countries, easing broader economic uncertainty.

    Notably, XCN’s trading volume has exploded. Daily volume has tripled in just three days, marking a 200% increase.

    Over the past week, trading activity has surged by an impressive 1,200%, pushing Onyxcoin ahead of bigger names like Avalanche (AVAX) in terms of trading interest.

    This dramatic rise in volume is often seen as a key indicator of strong market support.

    XCN price prediction: what’s next?

    Given its current momentum, analysts believe XCN could test higher resistance levels if bullish conditions continue.

    Given its current momentum, analysts believe XCN could attempt to retest higher resistance zones.

    If buying pressure holds, XCN could aim for a short-term target between $0.025 and $0.030, depending on broader market trends.

    However, if profit-taking kicks in, a healthy correction could bring the price back toward key support around $0.018 to $0.020.

    On a longer timeframe, if Onyxcoin maintains its active trading volume and positive market sentiment, there’s potential for the token to revisit previous highs set before broader crypto market turbulence.

    However, traders should keep a close eye on Bitcoin (BTC) and Ethereum (ETH) price trends, as XCN’s performance could remain sensitive to movements in major assets.

    Invest with caution

    While the recent rally is exciting, it’s essential to remember that cryptocurrency investments carry significant risk.

    Prices can be extremely volatile, and while XCN shows strong upside potential, sudden reversals are always possible.

    Always do your research (DYOR) and consider consulting a financial advisor before making any investment decisions.

    Onyxcoin’s breakout highlights how fast market dynamics can shift in the altcoin world.

    With surging volume, a rebounding market environment, and growing investor attention, XCN looks poised for more action.

    However, staying informed and cautious is key to navigating the unpredictable crypto landscape.

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  • Grayscale expands altcoin list to 40 in April, adds Dogecoin, and PYTH trusts

    Grayscale expands altcoin list to 40 in April, adds Dogecoin, and PYTH trusts

    • Kaspa, THORChain, Starknet, and Worldcoin were removed.
    • 9 new unclassified projects include Babylon and Berachain.
    • The asset list may change intra-quarter with fund rebalances.

    Grayscale Investments has expanded its “Assets Under Consideration” list to 40 cryptocurrencies as of April 10, 2025.

    This marks a shift from its January list, which featured 39 tokens, and continues the asset manager’s quarterly strategy of reviewing potential future products.

    Alongside the expansion, Grayscale has formally launched single-asset trusts for Dogecoin (DOGE) and Pyth Network (PYTH), spotlighting the assets now making the leap from consideration to active investment vehicles.

    The revised list also includes new entrants like VeChain and Plume while removing tokens such as Kaspa, Starknet, and THORChain across various sectors.

    Dogecoin and PYTH enter trust products

    Dogecoin and PYTH were both upgraded from Grayscale’s consideration list to formal trust products in early 2025.

    The Grayscale Dogecoin Trust launched on January 31, followed by the Pyth Trust on February 18.

    Dogecoin continues to be one of the most actively traded meme coins, while PYTH’s growth reflects increasing demand for on-chain oracle services.

    Their addition follows Grayscale’s broader aim to diversify its offerings beyond Bitcoin and Ethereum-focused products.

    Removals across key sectors

    This quarter’s update saw multiple removals that indicate a narrowing of focus across Grayscale’s asset categories.

    Kaspa was removed from the currencies section, which now includes no assets. Sei, Sonic, and Starknet were cut from smart contract platforms.

    THORChain and Injective Protocol were dropped from financials, while Ai16z and Virtuals Protocol were removed from consumer and culture.

    Grayscale also eliminated Flock.io, Hyperbolic, and Worldcoin from its utilities and services.

    These changes reflect a redefined view of which assets Grayscale considers relevant to long-term product development.

    New additions include VeChain and Plume

    Several tokens have been added across sectors in this update.

    VeChain has been included in the smart contract platforms category, potentially due to its continued push into enterprise use cases.

    In financials, Plume Network and SYRUP have been added, while Aixbt by Virtuals has joined consumer and culture.

    Geodnet (GEOD) now appears under utilities and services, and IP has been reclassified from utilities to consumer and culture.

    In addition to reclassifications, nine new projects have been added that remain uncategorised under the Grayscale crypto sectors framework.

    These include Babylon, Berachain, Monad, Movement, Lombard, Mantra, Eliza, DeepBook, and Walrus.

    Projects like Prime Intellect, Sentient, and Space and Time, which appeared in the January list, remain present.

    Strategy shift in evaluation

    Compared with the 35 assets listed in October 2024, the increase to 40 in April 2025 reflects Grayscale’s ongoing effort to monitor the evolving crypto market.

    The firm has reiterated that this list may be updated as frequently as 15 days after quarter-end and is subject to intra-quarter changes, especially when multi-asset products are rebalanced or new single-asset trusts are launched.

    The current update, published on April 10, 2025, is part of Grayscale’s broader approach to regularly assess token viability, market demand, and regulatory alignment.

    The additions of VeChain and SYRUP, alongside the removals of Starknet and Worldcoin, signal a shift in focus toward tokens with clearer institutional relevance or growing retail traction.

    While inclusion in the list does not guarantee the launch of a trust, market watchers will likely monitor these assets closely for future product announcements.

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  • XCN defies Bitcoin and Ethereum slump with 97% spike

    XCN defies Bitcoin and Ethereum slump with 97% spike

    • Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
    • The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
    • Tariffs and other market conditions weigh on investor sentiment.

    Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

    In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

    The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

    XCN price performance

    The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

    According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

    XCN chart by CoinMarketCap

    The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

    XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

    Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

    BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

    Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

    Overall market outlook

    Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

    His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

    S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

    However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

    Dow was down more than 900 points.

    On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

    After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

    This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

    While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

    Peter Schiff said via a post on X:

    “I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”

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  • FLR, TAO, ONDO outperform as BTC steadies near support

    FLR, TAO, ONDO outperform as BTC steadies near support

    • Flare (FLR), Bittensor (TAO) and Ondo Finance (ONDO) are top gainers with between 17% and 28% spikes in 24 hours.
    • Altcoins have soared amid broader market’s reaction to US President Donald Trump’s tariff pause.
    • Bitcoin (BTC) is looking for support above $80k.

    Flare, Bittensor and Ondo Finance are among top gainers in the cryptocurrency market’s top 100 by market cap.

    The altcoins, which have soared between 17% and 28% in the past 24 hours, have benefitted from the broader market’s reaction to US president Donald Trump’s tariff pause. Notably, FLR, TAO and ONDO are rising as Bitcoin (BTC) seeks a fresh leg up after bouncing to above $82k.

    Will BTC hold gains above $80k?

    Bitcoin continues to show resilience as it eyes a key support level amid a broader market upswing.

    The leading cryptocurrency currently shows a 24-hour gain of 6.5%, trading near $82,000, with a 24-hour trading volume of $76.2 billion.With this metric up 38%, it reflects strong market participation as investors look to buy the recent dip.

    A look at technical indicators shows the Relative Strength Index (RSI) at 47, while the Moving Average Convergence Divergence (MACD) suggests a potential bullish crossover. If the MACD line moves above the signal line, it would hint at likely upward momentum.

    BTC chart by TradingView

    As noted above, crypto mirrored stocks as markets reacted higher on news of President Trump pausing proposed tariffs. It’s a move that Mohamed A. El-Erian, in a CNBC interview, came as the Fed came close to intervening amid market malfunction. It helped risk assets.

    However, Arthur Hayes, in an X post, cautioned that while the tariff pause might boost short-term sentiment, underlying economic uncertainties could still pressure BTC if global liquidity tightens.

    FLR price outlook

    Flare (FLR) emerged as one of the top gainers in the early hours on Thursday, soaring 27% over the past 24 hours to trade at $0.015.

    The altcoin saw a significant spike in trading volume, reaching $50.3 million, as investors piled into the layer-1 blockchain known for its data-focused solutions.

    From a technical perspective, FLR’s RSI climbed to 53, signaling potential for a near-term continuation. The MACD was also bullish with the MACD line well above the signal line.

    FLR Chart by TradingView

    Bittensor and Ondo price today

    Bittensor (TAO) also joined the list of top performers, gaining 18% to reach highs of $236, with a 24-hour trading volume of $191 million.

    Altcoin’s positive reaction to Trump’s tariff pause also saw Ondo (ONDO) soar 18% to a high of $0.86. The ONDO token recorded a notable 24-hour trading volume of $375 million, underscoring strong demand for the DeFi token.

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  • Strategy plans to offer five million shares with new preferred stock to purchase additional Bitcoin

    Strategy plans to offer five million shares with new preferred stock to purchase additional Bitcoin

    Coinbase will delist Wrapped Bitcoin (WBTC) on December 19, 2024

    • The shares will accumulate cumulative dividends at a fixed rate of 10% each year
    • Strategy said that dividend payments will begin paying out on June 30, 2025
    • To date, Strategy holds under 500k Bitcoin, valued at over $40 billion

    Strategy is planning to offer five million shares of the company’s Series A perpetual strife preferred stock, $STRF, as it works on acquiring more Bitcoin.

    In an announcement, Michael Saylor’s Strategy said it intends to use the proceeds for “general corporate purposes,” including the “acquisition of Bitcoin.” However, it noted that this was “subject to market, and other conditions.”

    According to the company, the shares will accumulate cumulative dividends at a fixed rate of 10% per year. Dividends will be paid out beginning on June 30, 2025 “out of funds legally available for their payment,” Strategy said.

    Raising funds for Bitcoin

    The news comes as Strategy announced earlier this month that it’s planning to issue and sell shares of up to $21 billion in its at-the-market (ATM) program.

    Through selling shares of its 8.00% Series A perpetual strike preferred stock, $STRK, Strategy said the additional capital will be used for general corporate operations, including the purchase of more Bitcoin.

    The latest news also follows a recent Bitcoin purchase Strategy made in an announcement yesterday. In a post on X, Saylor said it had acquired 130 Bitcoin for $10.7 million at an average price of $82,981 per Bitcoin.

    To date, Strategy now holds 499,226 Bitcoin, valued at $40.92 billion, according to SaylorTracker.com.

    Peter Schiff, a long-time opponent of Bitcoin, commented on Saylor’s tweet, saying: “Is that all you bought?  Seems like you are running out of fire power.”

    Crypto prices decline

    News of Strategy’s recent Bitcoin purchase and its share offering comes as crypto prices across the market have seen a sharp decline.

    At the time of publishing, Bitcoin is trading around $81,000, a substantial drop from its all-time high of $109,000 reached in January ahead of US President Donald Trump’s inauguration.

    Market conditions and geopolitical issues continue to impact prices despite Trump signing an executive order in March to create a Strategic Bitcoin Reserve.

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  • Here’s why Bubblemaps (BMT) price soared 110% today

    Here’s why Bubblemaps (BMT) price soared 110% today

    • Bubblemaps (BMT) has spiked more than 110% in the past 24 hours, climbing from lows of $0.12 to intraday highs of $0.29.
    • This put BMT ahead of Mubarak (MUBARAK) and API3 (API3) in terms of 24-hour performance.
    • Binance and Bithumb news are likely catalysts for Bubblemap’s price rally.

    Bubblemaps’ native token BMT has surged by more than 110% in the past 24 hours, climbing from lows of $0.12 to intraday highs of $0.29.

    The altcoin’s gains put it at the top of the 500 largest coins by market cap, ahead of Mubarak (MUBARAK) and API3 (API3). Per CoinMarketCap, the two tokens have surged 77% and 54% respectively in the past 24 hours. Bounce (AUCTION) led gainers on Monday.

    Why did Bubblemaps price skyrocket today?

    Bubblemap’s BMT is surging amid an overall flip for some altcoins. The cryptocurrency is also surging as BMT’s traction post its token generation event continues.

    Part of this upside momentum reflects invstor enthusiasm after major announcements by Binance and Bithumb. Recently, Binance announced the launch of BMT futures and price rallied hard.

    Bubblemaps price chart by CoinMarketCap

    On Tuesday, South Korean crypto exchange Bithumb announced trading support. With another major Binance announcement out today, Bubblemaps has skyrocketed.

    “Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-03-02 00:00 (UTC) to 2025-03-06 23:59 (UTC) will get the airdrops distribution,” the exchange noted.

    Users will get the HODLer Airdrops in their spot accounts at least an hour before the exchange rolls out trading.

    Expected pairs set to go live on March 18 at 15:00 UTC will be BMT against stablcoins Tether (USDT), USDC (USDC) and First Digital USD (FDUSD). Binance will also list trading pairs against BNB (BNB) and Turkish Lira (TRY).

    Bulls push BMT price to all-time high

    Positive vibes have propelled BMT’s market capitalization to over $72 million, with trading volume up 257% in 24 hours.

    Bubblemaps is a blockchain data visualization platform designed to make complex on-chain data accessible and actionable. Launched on networks like Solana and BNB Chain, Bubblemaps transforms tokenomics and wallet interactions into intuitive bubble charts, helping users identify patterns, clusters, and potential scams.

    Its native token, BMT, powers the ecosystem and serves as both a utility and governance token.

    Since its token generation event on March 11, hosted on Binance Wallet, Bubblemaps has seen its price jump to the all-time high of $0.29. Notably, BMT is up 266% since its all-time low of $0.07 on March 12.

    Momentum has swung upward amid top exchange’s listing of BMT. Apart from Binance and Bithumb, the token is available on Kraken, Bitget and Bybit.

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  • Crypto market sees over $230 million in liquidations

    Crypto market sees over $230 million in liquidations

    Buy the dip

    The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day.

    Per data from Coinglass, total liquidations were up 157% in the past 24 hours. Over this period, more than 95,478 traders had been liquidated.

    At the time of writing, the total liquidations stood at $232 million. Data showed the largest single liquidation order coming in on Binance for an ETH/USDT position valued at $5.59 million.

    ETH, XRP and SOL liquidations

    The crypto market’s total capitalization stands at $2.8 trillion, with Bitcoin’s dominance at 58.9%.

    However, the latest wave of liquidations has hit traders hard, particularly those convinced the price was on the upward mend.

    With leveraged positions largely longs, most of the rekt positions were bullish bets. Coinglass data shows over $73 million and nearly $44 million are for Bitcoin and Ethereum.

    XRP and Solana also witnessed huge liquidation.

    Crypto price outlook

    As noted, Bitcoin (BTC) saw over $73 million in liquidations.  This followed another massive short position for BTC, with a whale taking a 40x leverage. The whale’s liquidation is above $86,000. BTC price currently hovers around $83,316. What happens to the whale?

    Crypto trader and analyst Ash Crypto notes an announcement from Strategy founder Michael Saylor buying more BTC could see the $380 million whale record substantial losses.

    “If Saylor announces that he is buying $2 billion Bitcoin soon or even hints it, $380 million 40x short whale will get liquidated in a single candle,” the analyst posted on X.

    Another analyst shared:

    Currently, Bybit, Binance and OKX lead the total liquidations mark.

    As bulls plot to fell the bears, the rising liquidations underscore the risks of leverage. In a volatile market, millions or even billions could get wiped out in hours.

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