#XVG, #ZEC, #DASH, although they are old coins listed on Binance for a long time, have only now been listed on the USDC cap. After the incident where the US confiscated over 14 billion dollars from Chen Zhi, the Cambodian fraud mastermind, ZEC has attracted the attention of the community and has experienced a significant price increase. The main purpose of Bitcoin is to change the global financial system according to the criteria: Safety, transparency, and security. However, over time, Bitcoin has strayed from its original goal. Therefore, the Zerocash team developed Zcash based on Bitcoin's open-source code but added the ZK Snarks algorithm to enhance privacy, which is why ZEC's price has surged.
Projects focused on POW and Privacy have also benefited from the above incident. Adding the USDC cap for XVG, ZEC, DASH helps increase liquidity and the possibility of prices continuing to rise.
Although Zcash's price has soared, it could still crash at any moment with just one investigation order similar to Tornado Cash. Tornado Cash is a mixer that helps erase traces of dirty assets and does not leave any evidence. After being arrested in the Netherlands, the project collapsed and almost no one mentioned it.
This week, the focus will probably continue to be geopolitical news. The news according to the calendar you follow on the picture, highlights include: Chairman Powell's testimony on Tuesday - Wednesday (usually only fluctuates on Tuesday), US GDP and PCE. Wishing everyone a happy and prosperous new week
The probability of approval of Altcoin ETF series in 2025 increases sharply Bloomberg's ETF analysis team just updated its prediction on the possibility of SEC crypto spot ETFs this year: Litecoin (LTC): 90% → 95% Dogecoin (DOGE): 75% → 90% Solana (SOL): 70% → 95% XRP: 65% → 95% Cardano (ADA): 90% Polkadot (DOT): 90% HBAR: 90% Alavanche (AVAX): 90% SUI: 60% Dozens of registration documents are still on the table waiting for SEC review, but experts are seeing very positive signs from this agency in recent moves.
#USDT inflows into the exchange have exceeded $1,000,000,000 The last large inflow of $1 billion was seen in November 2024. Combined with the FOMC on March 20: - USDT inflows to the exchange increased sharply → Cash flow is about to flow into $BTC, $ETH - FED kept interest rates unchanged → Emphasized that the economy is still stable. - GDP decreased - Inflation increased slightly → Investors can look for risky assets like crypto. Overall, all good news. Let's wait and see how the market reacts to the market
Crypto Quant CEO Ki Young Su has provided a chart of the growth cycle with the Buy/SELL prices of $BTC and believes that the Bull-Run cycle of $BTC has ended. ⚠️ Next, we will enter the most boring cycle of the market, which is sideways and liquidity hunting within 6-12 months according to Crypto Quant CEO.
#altcoins $BTC TOTAL MARKET CAP: -retested 2021 ATH -retested March 2024 high -retested its breakout from November 2024 ...and also touched a 1.5 year old trendline. -There's a lot of confluence in my opinion. -Be more optimistic🚀