Plus: Trump’s crypto empire expanded again
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GM. Crypto’s fruit stand special: lemons for the dips, cherries for the pumps, and no bruised bananas in sight.
🚀 Trump’s new crypto launches.
🍋 News drops: Binance employee insider trading, AI helping with back pain + more
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🍍 Market flavor today
Nothing wild happening on the charts right now 👆 but at least it’s not full-on depression mode.
That said… the market might be cooking something good soon.
One of the most well-known Bitcoin price indicators turned bullish – so traders are kicking their feet in excitement. Visual representation:
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That indicator is the Hash Ribbon, which tracks Bitcoin miners.
Here’s the idea: when prices drop too low, some miners stop mining because it’s not worth the cost.
Eventually, when those weaker miners give up, the stronger ones that hang in there start doing well again – this often marks the end of the worst pain and is a good time to buy BTC.
The Hash Ribbon tracks this whole cycle, and when it thinks the worst is over, it flashes a buy signal.
And guess what? It just did.
(Now, disclaimer – it’s not perfect, but in the past, it’s caught some solid BTC bottoms.)
Meanwhile, CryptoQuant contributor Crazzyblockk says we should keep an eye on two key price zones: average purchase prices of short-term whales and highly active addresses.
These two groups play a huge role in setting the tone for the market, and how much they paid for their BTC helps us guess where key psychological and technical levels are.
And here’s where the prices are currently at:
Now, why should you care about these levels?
1/ Emotional pressure zones
When Bitcoin is above these zones, it means both whales and active traders are in profit. That usually keeps the market calm, cuz they don’t wanna sell.
If BTC drops below tho’? They’re in loss mode = panic = could start selling = possible dump.
2/ Momentum & liquidity zones
If BTC stays above $84K – $85K, it means active traders are still interested.
The $91K level is whale territory. If BTC breaks and holds above that, whales might go back into accumulation mode = bullish.
Overall: if Bitcoin stays above both of these levels, the bulls are prolly still in control. If it drops below them, things could tilt bearish.
Too much technical talk? I don’t blame you. Let’s just gossip about what the big dogs are up to:
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Arkham spotted a billionaire BTC whale who bought $200M worth of BTC just this morning;
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Plus, our guy Michael Saylor is back at it – Strategy bought 6,911 BTC for around $584.1M. They now hold over 500,000 BTC. Five. Hundred. Thousand.
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So yeah. Maybe. Just maybe. We should start preparing for take-off.
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🧃 Sip of gains
Uphold’s ship has sailed… now, dYdX is at the helm! 🏴☠️
BitDegree’s $30K Season 7 Airdrop is still going strong, and dYdX added an extra $1,000 to the treasure chest.
Wanna win? Here’s the game plan:
Earn Bits by doing Missions, inviting friends, and completing bonus tasks → climb the leaderboard → lock in your share.
Simple as that. But heads up – the dYdX stage ends on April 7. Time’s ticking – go claim what’s yours! 🚀
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🥝 Memecoin harvest
Financial freedom might’ve been hidden inside a cat-themed token all along… 🐱
Data as of 09:50 AM EST.
Check out these memecoins and plenty more here.
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If you’re keeping score of your Trump’s crypto launches bingo card – go get your pen rn. It’s time to mark off two boxes.
(And no, it’s not another memecoin.)
1/ ETFs
Trump Media signed a deal with Crypto(.)com to launch three crypto ETFs.
If it goes through, they’ll be live later this year through Crypto(.)com’s broker-dealer, Foris Capital US LLC.
Here’s what’s coming:
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One with just Bitcoin;
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One with Bitcoin + Ethereum;
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And one mega-mix: Bitcoin, Ethereum, Solana, XRP, and Cronos.
Why you should care:
More easy ways to buy crypto = more people buying crypto = more volume and price movement = more fun 🤩
Plus, a sitting US president’s media company launching ETFs? Insane reach.
2/ Stablecoin
World Liberty Financial, the crypto platform backed by Trump, is launching a US dollar-backed stablecoin called USD1, with an initial supply of $3.5M+.
It’ll first go live on Ethereum and BNB Chain.
⚠️ Important sidenote tho’: USD1 isn’t tradable yet, and scammers are already out there faking it, so don’t fall for it – wait for official announcements.
Anyways, why you should care about this launch:
More stablecoins = more liquidity = more things happening on-chain = healthier ecosystem.
Imagine being a crypto bro who fell into a coma three years ago and just woke up.
A US president launching crypto ETFs and a stablecoin.
Yeah man, that’s where we’re at.
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Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
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🍋 News drops
⛔️ Binance suspended a Wallet team employee for unfair trading. This employee used their knowledge about token launches, bought in early, then sold after the news dropped.
⚽️ Robinhood launched sports prediction markets, and Massachusetts isn’t happy. Officials are worried it’s blurring the line between investing and gambling.
🚀 BlackRock launched a new Bitcoin ETP in Europe. It’s trading on Xetra, Euronext Paris, and Euronext Amsterdam under the tickers IB1T and BTCN, depending on the exchange.
🗣 Onchain sleuth ZachXBT is calling out Crypto.com for bringing back CRO tokens that were supposed to be permanently removed from the market. The reissued amount makes up 70% of all CRO – and the community wasn’t told a thing.
🩺 Flok Health has launched an AI-powered app in the UK that helps users manage back pain with guided exercises on their phones. The videos are created by a qualified physiotherapist, and the service is now the first AI clinic being tested by the NHS.
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