Bitcoin and altcoin spot trading volumes are experiencing a significant decline! 📉 According to the CryptoQuant report, Bitcoin's volume has decreased by 77% since February, falling to 10 billion dollars. Altcoins have also dropped by 80% to 230 billion dollars. This situation indicates that investors are avoiding uncertainty.
Binance is increasing its market share! Bitcoin and altcoin trading volume is approaching 50%. Altcoins like BNB, TON, and EOS are still popular. 🚀
21Shares has filed for a Dogecoin spot ETF in the USA! 🐶📈 After Grayscale and Bitwise, 21Shares is taking a new step in this area, aiming to create a passive fund that tracks the spot price of Dogecoin. The ETF will not engage in leverage or derivative transactions and will reference CF Benchmarks' DOGE-Dollar US Settlement Price Index. Is there a new movement in the crypto world? 🤔
The European Central Bank has taken action to support the digital euro! 💶 A senior ECB official wants to limit the impact of dollar-pegged stablecoins in Europe. Can the digital euro preserve the monetary sovereignty of the euro area? 🤔 This move is seen as a strategy against the proliferation of dollar stablecoins. How will the future of Europe in the crypto world take shape? 🚀
The waters are heating up in the PancakeSwap ecosystem! 🌊 Cakepie DAO is opposing the new Tokenomics 3.0 proposal. The planned removal of veCAKE, in particular, has angered long-term supporters. Cakepie claims it learned about the changes at the last minute despite locking millions of CAKE. This situation could shake the trust of the BNB chain community. 🔍 PancakeSwap must be cautious! ⚠️
The relationship between Bitcoin and Fed interest rate policies is noteworthy. 📉
- In the past, BTC peaks have coincided with expectations of interest rate increases. - Declines usually occur before interest rate cuts. - There are three scenarios for 2025: interest rate increase, limited cut, or aggressive cut.
Markets are uncertain, and investors are cautious. Interest rate decisions will shape BTC's future. 🔍
The strategy company is struggling under the decline in Bitcoin prices and a large debt burden. 📉 If it cannot cope with financial difficulties, it may have to sell its Bitcoin assets. The company is the largest holder of Bitcoin in the U.S. with 528,185 Bitcoins. However, if the price of Bitcoin continues to drop, this could further strain the company's financial health. 💸 Is Michael Saylor's saying "we will never sell" at risk? 🤔
Swedish MP Rickard Nordin suggested adding Bitcoin to foreign exchange reserves! 💼 A written inquiry in the Swedish Parliament has brought back the discussion on how to manage foreign exchange reserves. Nordin is discussing the inclusion of Bitcoin in official reserves. While countries like El Salvador are adopting BTC, central banks are also bringing this topic to the table. 📉 In the USA, Bitcoin is finding a more formal footing with ETFs and institutional purchases.
- According to Glassnode analyst James Check, Ethereum often lags behind Bitcoin. - It has only surpassed Bitcoin by 15% since 2015. - The ETH/BTC ratio is at its lowest level in the last 5 years at 0.018. 😬 - In 2019, Ethereum was around $125, while Bitcoin was approximately 7,000. Now the situation is even more critical! ⚠️
Binance has launched the second round of the voting event! 🎉 12 popular crypto projects are waiting for users' votes until April 10th. However, just like in the first round, market stagnation may hinder the projects from gaining value. 🤔 The voting process is intense, and "vote buying" prices are rising outside. How Binance's voting mechanism will evolve in the future is a topic of curiosity. 🔍
The Aavegotchi community has decided to transition from Polygon to Coinbase's Base network! 🎮 This move signifies a major change in the Web3 gaming ecosystem. All assets will be recreated on Base at a 1:1 ratio. The stagnation on Polygon has directed users towards liquidity. 🧐 Although EVM projects face challenges, Base's long-term growth potential looks promising. 🚀
In the crypto world, the year 2025 has woken up to a cold morning for altcoins. 🚨 Altcoins that shone during the ICO frenzy of 2017 and the DeFi-NFT fire of 2021 are now struggling with loss of value and liquidity crises. The Altcoin Season Index has dropped to 16. Investors are turning to Bitcoin and a few leading projects, while the future of altcoins remains uncertain. Without new stories and applications, the recovery of altcoins looks difficult. 📉
The Central Bank of Canada has published a report examining flash credit and potential risks. 📉
- Flash credits allow for borrowing unsecured crypto assets but must be repaid in a single transaction. - The research suggests that this concept could expand into the tokenized finance infrastructure. - Smart contract loans may threaten financial stability. ⚠️
These developments should be closely monitored in the market! 🔍
🚀 While the crypto market is declining, a meme project called "Retard Finder Coin" (RFC), which caught Elon Musk's attention, increased its price by 200% and reached a market value of 30 million dollars. Interactions with Musk and other famous personalities have made RFC popular. However, remember that meme tokens are risky! 🎢📉
Bitcoin is shaken by uncertainty in Trump's tariff policies! 📉 It dropped to $74,436 within 24 hours and rose to $81,200. It is currently trying to hold at $79,000. Ethereum fell below $1,500, while XRP is at $1.92.
- Fear dominates the derivatives market, open positions decreased by 10%. - Experts believe that the market hates uncertainty and that the volatile trend will continue. ⏳
Coinbase is suspending transactions for Gemini Dollar (GUSD) and GYEN on May 7th! 🚫 Why? Regular reviews have shown that these cryptocurrencies do not meet the listing standards. Currently, it is in limited order mode; users can place or cancel orders. However, the system can still match. This change affects all transaction services of Coinbase. 📉
- Bitcoin fell to $74,500 in response to Trump's tariff policies. - The strategy company reports a 10% profit on BTC investments, but market pressure is felt. - Japanese Metaplanet suffered a 15% loss on BTC investments, and stocks dropped by 20%. - Semler Scientific experienced a similar decline; the BTC cost is $87,854. 😬
Things don't seem to be going well in the crypto world!
📉 The waters have receded in the crypto world, making it clearer who is leaving the sector. The "sick" growth of Web3 and the rise of AI have led some creators to seek new opportunities. However, with data indicating that BTC is still in its early stages, the new participation of major financial giants keeps interest in the sector alive. The market is volatile, but opportunities continue for those who build. 🚀
🚨 Attention in the crypto world! Binance CEO CZ made important statements at the BNB Chain meeting in Hong Kong. Stating that the MEME coin frenzy has made the industry unhealthy, CZ emphasized the need to balance between fast and slow gains. 🧐 CZ mentioned that the "HODL" strategy is facing challenges and calls on investors to focus on fundamental values. 📉