Tag: Market

Best crypto to buy now as the crypto market reacts to the Trump-Musk feud
- The Trump-Musk feud has triggered massive Bitcoin ETF outflows as the crypto market tumbles.
- Ethereum ETFs remain strong despite the broader crypto fear.
- With the Bitcoin Pepe presale ending soon, it could be the best crypto to buy now for high returns, especially once it gets listed.
The crypto market is currently navigating a wave of uncertainty triggered by the escalating feud between US President Donald Trump and billionaire Elon Musk.

As the tension between these two influential figures intensifies, investors are closely watching how their clash impacts cryptocurrency sentiment and capital flows.

This discord has already sent ripples through Bitcoin ETFs, sparking outflows and shifting investor behaviour, while other crypto assets like Bitcoin Pepe, which is currently in the final stages of its token presale, are showing surprising resilience.

Impact of the Trump-Musk feud on the crypto market

The fallout from the Trump-Musk feud has significantly influenced market sentiment, pushing the Cryptocurrency Fear & Greed Index from “Greed” to “Neutral.”

As a result, the global cryptocurrency market cap has dropped by 4% to around $3.35 trillion, as per Coingecko data.

Notably, major coins including Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), and Cardano (ADA), among others, have registered significant drops.

Amid the worsening investor confidence, Bitcoin ETFs in the United States experienced a sharp reversal, with outflows reaching $278 million on June 5, according to Coinglass data.

Meanwhile, Ethereum ETFs have bucked this trend, continuing a 14-day streak of inflows despite the overall market jitters.

The feud itself has drawn widespread political and business attention, fracturing previously supportive alliances and raising questions about future government contracts and national programs linked to Musk’s SpaceX.

Musk’s claims of credit for Trump’s 2024 election victory, coupled with serious accusations and policy threats exchanged between the two, have intensified market nervousness.

This high-profile clash has spilled over into public discourse, stirring economic fears and influencing investor decisions across multiple asset classes, including cryptocurrencies.

Consequently, Bitcoin ETFs have borne the brunt of the sentiment shift, while Ethereum’s improving network fundamentals and strong institutional support have sustained investor interest.

The best crypto to buy as the broader market drops

Despite this turbulent backdrop, Bitcoin Pepe has emerged as the standout crypto investment amid market volatility and uncertainty.

Bitcoin Pepe is a revolutionary meme-centric Layer 2 project built on the Bitcoin blockchain, combining Solana-style scalability with Bitcoin’s unparalleled security.

Currently, Bitcoin Pepe is in its final presale stage, with just 11 days remaining before the much-anticipated listing announcement expected on June 17..

What sets Bitcoin Pepe apart is its unique PEP-20 token standard.

The project also boasts a high-growth roadmap with staking rewards and strategic partnerships.

In a market shaken by political drama and ETF outflows, Bitcoin Pepe’s blend of cutting-edge technology and strong community appeal makes it a haven for forward-looking investors.

As established cryptocurrencies struggle to maintain a bullish trend amid the Trump-Musk fallout, Bitcoin Pepe is among the fastest-growing cryptocurrencies, offering fresh excitement and genuine potential for exponential gains.

Investors seeking a crypto that merges security, usability, and meme culture should consider Bitcoin Pepe’s presale opportunity before it closes.

With the listing announcement just days away, buying now positions investors to capitalise on early adoption advantages and long-term growth prospects.

To learn more and to buy Bitcoin Pepe, check out the official website.

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June 6, 2025
Crypto market braces for impact amid Trump’s tense global tariff negotiations
- Cryptocurrencies have seen a sudden dip as Trump proposes a 50% tariff on EU goods.
- Bitcoin (BTC) has dropped by 4% while Ethereum (ETH) has dropped by over 3%.
- As the market braces for tariffs’ impact, the recently held TRUMP memecoin gala dinner has stirred controversy and market volatility.
The cryptocurrency market, known for its volatility, is now facing fresh uncertainty as US President Donald Trump intensifies global tariff negotiations, sending shockwaves through both traditional and digital financial systems.

Bitcoin (BTC), which recently hit an all-time high of $111,814, has become increasingly sensitive to geopolitical developments, with its price movements closely tracking Trump’s latest trade threats.

Notably, BTC has today experienced a sharp 4% decline, with Ethereum following closely with a 3.2% drop following Trump’s Truth Social post declaring that negotiations with the European Union were “going nowhere,” a statement that immediately rattled markets.

As panic spread, over $300 million in leveraged positions were liquidated, showcasing how digital assets, often viewed as uncorrelated, are becoming more reactive to global policy decisions.

90-day tariff pause almost coming to an end

As the 90-day tariff pause nears its expiry, Trump has proposed a 50% tariff on EU imports, alongside a 25% tariff specifically targeting iPhones manufactured abroad, raising alarms about broader economic implications.

Investors now fear that these tariffs could not only escalate trade tensions but also lead to retaliatory actions from the EU, further complicating global market conditions.

Even though the EU has so far refrained from escalating the situation, the clock is ticking, with a 90-day tariff pause set to expire in July, placing immense pressure on ongoing negotiations.

Only the United Kingdom has finalised a trade agreement so far, and while India is expected to sign within days, other major players remain in a tense waiting game.

Market downturn amid fears of resumption of tariffs

With July just a month away, market watchers like Crypto Caesar now see Bitcoin’s $110,000 level as a key resistance point, with traders emphasising the need for BTC to hold above $109,000 to preserve the current bullish structure.

$BTC – #Bitcoin with the retest after President Trump proposes 50% tariff on the European Union starting June 1, 2025. Here we go again. We need to hold the green zone. pic.twitter.com/N9BIHUA18Q

— Crypto Caesar (@CryptoCaesarTA) May 23, 2025

Ethereum (ETH) has not been spared from the volatility, holding a support level at $2,500 but struggling to breach the persistent resistance at $2,700, even as daily losses extend to 4%.

Notably, the ETHBTC pair continues to drift downward, suggesting weakening momentum in altcoins unless the broader market stabilises or Ethereum regains relative strength.

Pi Coin, another asset under scrutiny, showed signs of upward movement earlier this month but failed to maintain gains above $1.23 due to aggressive short-term selling and long-term investor scepticism.

US tech stocks have mirrored the downturn in crypto, with Apple shares falling amid fears that higher costs could be passed on to consumers, hurting demand and corporate profits alike.

Trump’s involvement in crypto stirs controversy

Amid all this, Trump’s personal involvement in crypto has added an unexpected layer of controversy, culminating in a high-profile gala for top holders of the TRUMP memecoin.

The event, attended by major figures like TRON founder Justin Sun, drew widespread criticism and accusations of corruption, especially as federal lawmakers call for investigations into presidential conflicts of interest in cryptocurrency ventures.

As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes.

Thank you @POTUS for your unwavering support of our industry!#MakeCryptoGreatAgain🇺🇸 pic.twitter.com/Yy2TuWEgzT

— H.E. Justin Sun 🍌 (@justinsuntron) May 23, 2025

Following the gala, the TRUMP token spiked to $16 before dropping to $13.81, reflecting how quickly sentiment can shift amid political spectacle and regulatory uncertainty.

While Trump’s supporters argue that his aggressive trade stance is a strategic play to bring manufacturing back to the US, economists warn of rising consumer prices and slower economic growth.

Crypto traders, already bracing for volatility, now find themselves navigating a complex intersection of policy, politics, and profit, where even a single headline can trigger billions in liquidations.

As July approaches and the tariff deadline looms, the crypto market remains on edge, anticipating either a breakthrough in trade talks or another wave of volatility that could reshape investor confidence once again.

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May 23, 2025
Bitcoin steady near $95K, but is market ‘blind’ to economic headwinds?
- Bitcoin recovered from an intraday dip to trade near $94,700, down slightly over 24 hours.
- US stocks also recovered late after falling over 2% early on weak economic data.
- Altcoins generally underperformed Bitcoin, with the CoinDesk 20 index down 2%.
Cryptocurrency markets navigated a choppy session on Wednesday, ultimately demonstrating resilience alongside traditional US equities as both asset classes clawed back from earlier declines.

Despite this recovery, underlying economic concerns and persistent uncertainty surrounding US trade policy kept investors watchful, with some analysts questioning the market’s apparent disregard for potential headwinds.

Crypto recovers from dip, altcoins lag

While characterized by volatility, the overall trend for crypto on Wednesday remained one of range-bound trading.

Shortly after the close of US equity trading, Bitcoin (BTC) was holding steady around $94,700, marking only a marginal 0.4% decline over the preceding 24 hours.

This modest change, however, belied earlier volatility where the leading cryptocurrency had dipped nearly 2%, mirroring weakness seen in stocks during the initial part of the session.

While Bitcoin recovered most of its lost ground, many alternative cryptocurrencies (altcoins) failed to keep pace, suggesting a degree of risk aversion within the digital asset space.

The broader CoinDesk 20 index, which tracks leading cryptocurrencies excluding stablecoins and certain other tokens, slumped 2% over the 24-hour period.

Notable decliners included litecoin (LTC), Ripple’s XRP, Avalanche (AVAX), and Chainlink (LINK), each shedding roughly 4%.

Wall Street stages late-day comeback

This pattern of early weakness followed by a late recovery closely mirrored the action on Wall Street.

Major US stock indices initially tumbled by 2% or more following the release of less-than-stellar economic news, only to regain substantial ground throughout the trading day.

The S&P 500 managed to close slightly in positive territory, while the Nasdaq Composite finished with a minor dip of just 0.1%.

Economic jitters, tariff talk persist

Despite this market resilience, the underlying economic picture presented cause for concern, contributing to the earlier sell-off.

Data releases pointed towards potential slowing in the US economy.

Consumer confidence readings hit multi-year lows, and job opening figures came in below expectations, potentially reflecting the impact of ongoing trade tensions and tariff policies.

The continuing string of lackluster economic data, however, has not appeared to sway US President Trump from his assertive tariff policies.

Dismissing potential negative consequences for consumers, Trump remarked early Wednesday: “Somebody said all the shelves are going to be open… Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally. … They have ships that are loaded up with stuff, much of which we don’t need.”

These comments underscore the ongoing policy uncertainty contributing to market volatility.

Analyst flags market ‘blindness’ to deeper risks

This apparent disconnect between weakening economic signals and relatively buoyant market performance drew sharp commentary from some analysts.

Jeff Park, head of Alpha Strategies at digital asset investment firm Bitwise, expressed concern about the market’s focus.

“Hard to fathom how blind the market really is,” Park posted on the social media platform X (formerly Twitter).

He argued that the market’s fixation on potential near-term Federal Reserve interest rate cuts overlooks more significant fundamental risks related to US economic policy and its global standing.

“A Fed cut means nothing if U.S. creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,” Park stated, suggesting aggressive policies could undermine trust in the US dollar and, by extension, the notion of a “risk-free” US Treasury asset.

“That’s the mispricing we are talking about here,” he continued.

“The myopic focus on whether [we] are getting a fed cut in May/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.”

Mixed fortunes for crypto stocks

Reflecting the somewhat mixed day, crypto-related equities saw modest movements overall.

Coinbase (COIN) and MicroStrategy (MSTR) posted slight gains, while Bitcoin miner Hut 8 (HUT) stood out as a notable underperformer, declining 5.7%.

The day’s trading ultimately highlighted a market grappling with conflicting signals – resilience in price action against a backdrop of concerning economic data and persistent policy uncertainty.

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May 1, 2025
Crypto market decline accelerates in Q1 with $633.5B in losses
- Bitcoin’s market share rose to 59.1% despite falling 11.8%.
- Ethereum’s 2024 gains wiped out in Q1 2025.
- DeFi TVL fell 27.5% across multichain platforms.
The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a strong rally across meme coins.

But those hopes have since been dashed. According to CoinGecko’s latest quarterly report, crypto’s total market capitalisation fell 18.6% in Q1 2025, wiping out $633.5 billion in value.

Trading volumes also took a hit. The report shows that average daily trading volume fell 27.3% compared to the previous quarter. Spot trading on centralised exchanges declined 16.3%, a drop that was partly attributed to the Bybit hack earlier this year.

Despite signs of strength in early January, recession concerns and fragmented investor interest led to a broad sell-off across digital assets.

Bitcoin outperforms altcoins but still falls 11.8%

Bitcoin retained its dominance over the broader market in Q1, accounting for 59.1% of the total crypto market cap — its highest level since 2021.

This shift highlights how investors have treated Bitcoin as a relatively more stable asset compared to altcoins during uncertain periods.

However, Bitcoin itself was not immune to losses. It declined 11.8% during the quarter and underperformed traditional safe havens like gold and US Treasury bonds.

The report also noted that Trump’s newly imposed tariffs triggered volatility in the bond market, impacting yields — a key metric closely linked to digital asset flows.

Ethereum saw an even sharper reversal. It gave up all of its 2024 gains, returning to levels last seen before its Shanghai upgrade. The report attributed this trend to declining decentralised finance (DeFi) activity and persistent concerns around gas fees and scalability.

DeFi TVL and Solana activity decline sharply

Multichain DeFi protocols suffered significantly, with total value locked (TVL) falling 27.5% over the three-month period.

Solana, which led the decentralised exchange (DEX) trading space during the meme coin frenzy in January, saw its own TVL drop by more than 20%.

CoinGecko’s data indicates that market excitement around Trump-themed tokens, particularly the TRUMP coin on Solana, sparked a temporary spike in transaction volumes. However, this activity failed to sustain investor interest beyond January.

The LIBRA scandal, which emerged shortly after, added further pressure on altcoin sentiment and liquidity.

Despite these setbacks, Bitcoin exchange-traded funds (ETFs) recorded $1 billion in fresh inflows in Q1.

But the total assets under management (AUM) across these ETFs still fell by nearly $9 billion due to declining prices, highlighting the gap between investment inflows and market returns.

Structural concerns deepen

While some data points suggested limited resilience, nearly every positive trend in the report was accompanied by a downside risk.

The report shows that centralised exchanges, stablecoin volumes, and DeFi applications all registered lower activity in February and March. Many projects lost traction as macroeconomic concerns mounted and investor caution grew.

CoinGecko noted that the first quarter of 2025 represents one of the most challenging periods for crypto since the FTX collapse in late 2022.

The report reflects broader market concerns that the crypto sector, despite structural improvements in infrastructure and compliance, remains deeply vulnerable to global economic shocks.

As recession fears take hold and regulatory uncertainties continue to loom in major markets, the path forward for crypto in the coming months remains highly uncertain.

Although Bitcoin’s rising market share signals a flight to perceived safety, the broader market may need more than optimism and meme coin rallies to recover from this quarter’s losses.

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April 17, 2025
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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April 16, 2025
Crypto market sees over $230 million in liquidations

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:

🚨 Breaking: The whale who opened a $320M short on $BTC at $84,040 yesterday has set take profits:

1st TP: $69,414
2nd TP: $58,664

I hope he and everyone who copied his trade get liquidated, triggering a cascade of liquidations to pump the market pic.twitter.com/tIQ31T9T9x

— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) March 16, 2025

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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March 16, 2025
Bitcoin Pepe emerges as a possible go to altcoin as crypto market bleeds
- The crypto market has crashed, losing $1.01 billion in liquidations.
- Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20%
- Bitcoin Pepe’s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage.
The crypto market is reeling from a brutal wave of liquidations. Over $1 billion in leveraged positions have vanished in the last 24 hours, according to Coinglass data.

The liquidations have hit traders hard across major exchanges. Bitcoin alone accounted for $396.16 million in wiped-out positions. Ethereum saw $209.58 million evaporate, and Solana’s liquidations reached $70.55 million. Even meme coins weren’t spared—Dogecoin saw over $20 million in liquidations.

The crypto market erased gains made earlier this week

Bitcoin (BTC) has plummeted below $84,000 gain, shedding nearly 10% of its value in a single day. The tumble has reversed its rally past $95,000 earlier this week. It has hit an intraday low of $82,467.24 before stabilizing slightly above $83k.

Ethereum (ETH) followed suit, diving 15% to $2,089, while altcoins like Solana (SOL) and XRP cratered by 20% and 18%, respectively. Cardano (ADA) also plunged 25% to $0.7998 as a majority of the other altcoins bore the blunt of the bloodbath.

Meme coins were not spared either. Shiba Inu (SHIB) and Pepe Coin (PEPE) have dropped 13% and 18%, respectively, while Sonic (S) and Trump-backed tokens have shed 23% to 25,% respectively. It seems the high-risk corner of the market faced unrelenting exits as fear gripped traders.

Notably, the crypto market carnage mirrors a broader market slump, with the global crypto market cap tumbling 10% to $2.76 trillion.

What is causing the crypto market to drop?

Investors blame CME futures gaps and thinning liquidity for the sudden crypto market drop. Analysts point to liquidity gaps and leveraged bets gone wrong as the culprits.

Trump’s talk of a strategic crypto reserve couldn’t shield the market from broader economic tremors; the selloff has erased gains sparked by optimism over President Donald Trump’s pro-crypto moves.

Besides the liquidity gaps, economic factors are also to blame for the crypto crash. Trump’s new 25% tariffs on imports from Canada and Mexico have sparked trade tensions.

Canada and Mexico supply a third of US goods, and the tariffs threaten growth and stoke inflation fears.

Following the introduction of the tariffs, American stocks also tanked alongside crypto, with the Dow Jones falling 650 points. The VIX index also jumped to 22, signaling rising market panic.

Historically, cryptocurrencies falter when fear dominates, pushing investors to the sidelines.

Bitcoin Pepe emerges as a haven for crypto investors

Amid this chaos, Bitcoin Pepe stands out as a bold contender. Pitched as the “World’s Only Bitcoin Meme ICO,” blending Bitcoin’s durability with meme coin flair, the project aims to build a Meme Layer-2 for Bitcoin, promising instant transactions and ultra-low fees. Its PEP-20 standard lets users launch memecoins on Bitcoin’s blockchain.

Unlike the currently bleeding altcoins and memecoins, Bitcoin Pepe is currently in its presale stages, which are structured to ensure the price rises with each presale stage progression.

The presale is gaining traction despite the market rout. Currently in stage 5 of 30, the presale has raised $3,690,133. The current price sits at $0.0255 and is set to rise to $0.0268 in the next stage.

The project’s smart contract has already been audited by SolidProof, offering a glimmer of credibility in a sea of uncertainty.

Interested investors can connect wallets and buy in, betting on its vision of “Solana on Bitcoin” as a lifeline. The project’s whitepaper and roadmap pitch a future where meme coins thrive on the “only chain that will live forever.”

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March 4, 2025
Unity Wallet COO: three factors are affecting crypto market prices
- The Bybit hack has increased fears over centralized exchange security vulnerabilities
- US President Donald Trump’s trade tariffs are increasing market uncertainty
- Trump’s crypto promises may have started as being great, but they could end up proving catastrophic
Three things are contributing to the drop in crypto prices, which has seen Bitcoin fall 7.50% over 24 hours to $78,000, according to Unity Wallet’s COO.

BTC price at $78,000. Source: CoinMarketCap

It’s a significant drop from Bitcoin’s all-time high, which reached $109,000 in January ahead of US President Donald Trump’s inauguration.

According to James Toledano, it feels like optimism around the crypto market post-election created a bubble and that the “reality post-inauguration is now setting in – and hard,” he said to CoinJournal.

In Toledano’s view, the Bybit hack at the crypto exchange last Friday—which resulted in the theft of nearly $1.5 billion worth of Ethereum—is one of the contributing factors affecting crypto prices.

Undermining investor confidence, it has led to panic withdrawals and a market-wide selloff across the board. While Bybit’s CEO, Ben Zhou, quickly responded to the hack, the situation has increased “fears about centralized exchange security vulnerabilities—which only solidifies the case for self-custodial services,” Toledano continued.

Dom Harz, co-founder of BOB (“Build on Bitcoin”), a hybrid Layer-2, said to CoinJournal the theft at Bybit is a “stark reminder of the industry’s fundamental issues,” adding:

“We’ve been hypnotized by price spikes, memecoin frenzies, and media spectacles, forgetting that crypto was meant to be a new financial system—one built on decentralized protocols that make finance accessible to everyone. Bybit just gave us a $1.5 billion reminder that we are nowhere near that reality.”

Trump’s tariffs

The continued market selloff follows Trump’s trade tariff announcement earlier this week.

During his election campaign, the US president made promises regarding crypto, stating that America will be the “crypto capital of the planet.”

Since entering the White House, he has appointed pro-crypto individuals to reshape government agencies, namely Paul Akins as the incoming chair of the US Securities and Exchange Commission (SEC).

Mark Uyeda is currently acting chair of the SEC.

Trump also signed an executive order to establish a crypto working group to provide regulatory clarity. It’s also expected that the working group will look into the potential of a national crypto stockpile.

Yet, despite these steps, Trump’s trade wars—which could soon hit the EU, the world’s largest trading bloc, with a 25% tariff—is increasing market uncertainty.

According to Toledano, Trump’s tariffs are “harming the global economy” and that many in the crypto space feel let down by the US president.

“The promise was great and the reality is potentially proving to be catastrophic,” he added. “It does make me wonder if Trump understands that financial verticals are interlinked and increasingly converging.”

Biggest economic risk

The third contributing factor affecting market prices—according to Toledano—are questions around the overall governance of the US.

An article by Chatham House suggests that the biggest economic risk from Trump’s presidency is a loss of confidence in US governance. It reads that while Trump’s policies may seem mild in the short term, steps that undermine the US and its international allies could have lasting effects.

“I rarely get spooked from the peaks and troughs that crypto presents but when I combine what’s happening with traditional equities volatility, I think there is cause for concern right now,” said Toledano.

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February 28, 2025
CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second bull market. Despite the positivity in the top two cryptocurrencies, a growing number of investors are rushing into Rexas Finance instead. At just $0.125, many analysts believe this undervalued crypto could lead the next bull market run.

CryptoQuant Projects $146,000 for Bitcoin Cycle Peak

According to crypto-analytic outfit, CryptoQuant, Bitcoin’s price cycle could peak at around $146,000. The firm claims to get this projection from the average acquisition cost of Bitcoin across the network—the realized price valuation. With Bitcoin reaching comparable highs in 2021, the realized price has been a decent gauge of market cycle peaks. Meanwhile, several macroeconomic events, institutional adoption’s ongoing upward momentum, and Bitcoin ETF interest might drive BTC above $146,000 this cycle. It is important to note that Bitcoin’s path is rocky. Geopolitical conflicts and unfavorable legislation, among other market elements, could possibly stop Bitcoin from reaching the projected high.

BTC trades at $95,685 as of this writing, down just 2% over the previous day. Should the crypto market remain favorable, Bitcoin’s ascent might quicken, dragging Ethereum and other altcoins behind it.

Ethereum Enters ‘Second Bull Market’

According to a CryptoQuant analyst, Ethereum’s second bull market appears to be in shape. The forecasts show that at $4,000 in Q1 2024, the second bull run will be noticeably more dramatic than the first. The analyst pointed to a similar MVRV Ratio in the Ethereum price chart. During the year’s first quarter, the indicator surged to a really high level as the price surge was in progress. However, the indicator cooled back down in the bearish consolidation that followed the run, returning to the neutral 1 level.

The MVRV Ratio has once more reversed upward with the most recent increase in cryptocurrencies. Interestingly, the quant on the chart also observed this trend during the previous two bull markets. Both runs comprised two periods in which the Ethereum MVRV Ratio peaked, and a cooldown occurred in between. ETH trades at $3600 as of this writing, a 2% drop over the last day. Analysts project Ethereum may end this period above $10,000.

Rexas Finance (RXS): The Undervalued Altcoin Set to Lead the Next Bull Run

In the heart of Ethereum’s second bull market and Bitcoin’s expected rise, Rexas Finance is an undervalued cryptocurrency that could lead the next altcoin boom. By tokenizing real-world assets (RWAs), Rexas Finance is revolutionizing asset management with liquidity, global access, and fractional ownership. Rexas Finance opens up previously closed markets by turning illiquid assets like real estate, commodities, and art into digital tokens. With a few RXS tokens, a user can acquire fractional ownership of these highly valued assets from anywhere in the world, removing the high entry costs and geographic restrictions commonly seen in traditional sectors.

The project’s presale went quickly. Rexas Finance sold 290 million RXS tokens and raised $20.75 million in the first eight presale phases in three months. In Stage 9, the token price is $0.125 and predicted to rise to $0.150. With its fast presale, Rexas Finance is drawing attention. After the presale, RXS will be listed on at least three of the top 10 cryptocurrency exchanges, increasing its liquidity and market exposure. Rexas Finance’s platform offers new and existing users unique value with many features. Regardless of technical ability, anyone may construct digital tokens with the Rexas Token Builder. Rexas Launchpad fosters innovative blockchain ventures, while Rexas GenAI generates unique digital artworks using AI to make NFTs easier to develop. These technologies and Rexas Finance’s focus on security and compliance make it a user-friendly and powerful asset tokenization solution.

The Rexas Finance ecosystem encourages transparency and security. The platform’s Certik audit, which verifies smart contracts and code security, increases investor confidence. The project’s recent placement on CoinGecko and CoinMarketCap gives investors easy access to performance information and analysis, boosting its reputation. The project has huge market potential and price potential, enough to lead the next bull cycle. Real estate is worth $379.7 trillion, art and collectibles $65 billion, and financial assets $486 trillion. Rexas Finance plans to enter these massive markets by offering fractional ownership and tokenized access to these assets, giving common investors additional global market possibilities. The presale’s quick growth shows growing interest in tokenized real-world assets, and Rexas Finance is well-positioned to lead the next bull run with lower transaction costs and higher liquidity.

Conclusion

With Bitcoin forecast to reach $146,000 and Ethereum’s second bull market underway, the next major cryptocurrency rise may be imminent. By tokenizing assets, Rexas Finance is becoming a serious challenger. Its speedy presale and rapid crypto growth make it a great investment for those looking to capitalize on the next round. And what is more? Rexas Finance is running a $1 million giveaway, with the top 20 participants winning $50,000 worth of RXS. Jump on the project now to increase your chance of winning.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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December 6, 2024
Post-halving 2024 market is pushing Bitcoin’s price, not just Trump, says Onramp Bitcoin co-founder
- The last Bitcoin halving took place in April when the block reward dropped from 6.25 Bitcoin to 3.125 Bitcoin
- Jesse Myers said Bitcoin’s price needs to go higher for a “supply-demand price” balance to happen
- When that occurs, the market will “flywheel into mania and a bubble,” which happened in the 2012, 2016, and 2020 Bitcoin halving events
Donald Trump’s re-election into the White House isn’t “the main story” for Bitcoin’s recent price rally, says Onramp Bitcoin’s co-founder.

In a post on X, Jesse Myers said the main reason is that the market is at the “6+ months post-halving” mark.

Taking place every four years, the last Bitcoin halving occurred in April when the block reward dropped from 6.25 Bitcoin to 3.125. As a result, each new block becomes harder to solve with a lower reward.

A reduction in Bitcoin supply typically means an increase in the price of Bitcoin. The next Bitcoin halving is expected to occur sometime in 2028.

According to Myers, a “supply shock has accumulated,” meaning “there’s not enough supply available at current prices to satisfy demand,” adding that a “supply-demand price equilibrium must be restored.”

However, the only way Myers believes this will happen “is for the price to go higher, which will flywheel into mania and a bubble, but that’s how this thing works.”

Post-halving bubbles

Supplying a chart, Myers indicated that the market is currently at the start of the post-halving bubble. Based on his data, Bitcoin’s price will continue its upward trajectory before peaking to new highs and dropping to current levels.

Jesse Myers’ Bitcoin post-halving chart. Source: Jesse Myers

“It sounds crazy to say there will be a reliable, predictable bubble every 4 years,” said Myers. “But then, there’s never been an asset in the world where new supply creation is halved every 4 years.”

Post-halving bubbles happened in the 2012, 2016, and 2020 Bitcoin halvings, said Myers.

The recent Bitcoin price rally comes amid Trump’s re-election into the White House. Based on his campaign trail in the lead-up to election day, Trump came across as pro-crypto compared to current Vice President Kamala Harris.

Last week, Senator Cynthia Lummis also reaffirmed plans that the US is going to build a strategic Bitcoin reserve. If passed, the senator’s Bitcoin Act would propose directing the US Treasury to buy one million over the next five years.

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November 12, 2024