The United States Agency for International Development (USAID) is under fire right now as US President Donald Trump and his adviser, Elon Musk, implement their bureaucratic cost-cutting campaign.

According to reports, many projects risk losing funding and support, and thousands of jobs now hang in the balance. However, USAID’s problems don’t end here; the agency is also facing criticism from the crypto community over its alleged questionable funding of a book linking Bitcoin to right-wing extremism.

The latest personality to target the agency is Cardano’s founder, Charles Hoskinson, who says that it’s funding projects to portray cryptocurrency as a tool for “right-wing extremism.”

Hoskinson shared his thoughts on USAID’s possible role, describing the current situation as “garbage” and admitting that he’s frustrated with the stream of online misinformation going on these days.

USAID’s Funding In The Spotlight

Hoskinson’s tirade against the agency stemmed from a post made by WikiLeaks on February 10th. According to the post, David Golumbia, the author of “Cyberlibertarianism: The Right Wing Politics of Digital Technology,” received around $80,000 in government grants.

Golumbia was also the author of “The Politics of Bitcoin: Software as Right-Wing Extremism.”

So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism.

I’m so done with this garbage https://t.co/hG9ViJiW0A

— Charles Hoskinson (@IOHK_Charles) February 10, 2025

These books, purportedly funded by USAID, found links between Bitcoin and right-wing ideologies. The books are now a reading list for college classes at Duke University and the University of Southern California.

Some critics immediately pounced on these revelations from WikiLeaks, questioning whether these institutions had fact-checked these books before seeing print.

Hoskinson Condemns Negative Propaganda Vs. Bitcoin

Hoskison is one of the key personalities who has been defending Bitcoin and blockchain technology against negative propaganda. He explains that Bitcoin works as a decentralized financial system and doesn’t fit into any specific political system. He blasted USAID for implying that Bitcoin is a tool for right-wing extremism, calling it “a garbage argument.”

BTCUSD trading at $97,797 on the daily chart: TradingView.com

Other Bitcoin and blockchain supporters have consistently offered counterarguments, saying that propaganda aims to promote economic freedom and financial inclusion. Many crypto supporters say that propaganda belittles the contributions of decentralized technologies like Bitcoin.

BTC Price Remains Shaky

Like USAID, Bitcoin has been in the limelight lately, continuing its sideways price movements near the $100k level. The top digital asset trades above $97k, displaying its resilience amid the political noise and economic policy shifts.

Based on current market dynamics, it seems that market participants are again waiting for another set of drivers that can push the flagship crypto’s price above $100k.

Also, other countries are pushing for crypto regulations and creation of reserves. Recently, Japan announced that it’s tweaking its regulations, with plans to classify cryptocurrency assets as financial products.

Featured image from Gemini Imagen, chart from TradingView

The Dogecoin price is ready to hit new all-time highs, as a crypto analyst has projected a surge above $1 by March. The analyst’s technical analysis of Dogecoin using Fibonacci time zones suggests that the next few months could be a pivotal period for investors and DOGE holders, with March shaping up as an ideal time to capitalize on potential gains. 

Dogecoin Price To Rally Above $1 In March

Chandler, a crypto analyst on X (formerly Twitter), has shared a technical analysis of Dogecoin using Fibonacci time zones and retracement levels to predict its next movements. These time zones, indicated by the vertical lines on the chart, mark significant intervals based on Fibonacci ratios. They are often used to determine potential areas where price reversals or significant swings may occur. 

The analyst pointed to the 0.236 Fibonacci time zone, noting that Dogecoin has historically shown strong bullish moves after crossing this line, typically reaching a peak within one to two weeks. Based on this recurring pattern, Chandler predicts Dogecoin will break past this time zone around March 24, 2025. He suggests that the price could reclaim its previous $0.73 ATH and break above the $1 mark for the first time.

Chandler’s chart shows key Fibonacci retracement levels that indicate support and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are key levels where the Dogecoin price trends to retrace before embarking on a bullish continuation. The 1.00 Fibonacci indicates an all-time high level where strong resistance is typically found. Additionally, the 0.236 and 0.382 Fib levels are targets for the third higher high during bullish phases. 

In the price chart, the 1st, 2nd, and 3rd higher highs mark bull market phases where DOGE consistently made new highs. While Chandler projects that Dogecoin could hit its highest market price above $1, he also anticipates that reaching this milestone would trigger a major bearish shift in the market, resulting in significant sell-offs.   

Why March Could Be The Best Time To Sell

Despite predicting a rally above $1 for the Dogecoin price, Chandler also warns of an impending bear market later in the year. The analyst believes that by October 10, 2025, Dogecoin could crash to new lows from its projected ATH. He forecasts that the meme coin will initiate this price decline once it reaches the 0.382 Fibonacci time zone. This threshold has historically marked the beginning of significant downtrends and volatility for Dogecoin.

Chandler’s analysis indicates that the window between March and April could be the best time for investors to sell their DOGE holdings. This timeframe aligns with the analyst’s $1 price projection for DOGE, suggesting a strategy of selling at price peaks to minimize potential losses during the anticipated bear market phase that may follow.

Featured image from Adobe Stock, chart from Tradingview.com

A crypto market crash has occurred, with Bitcoin, Ethereum, XRP, and the Dogecoin price witnessing significant declines. This price decline came following the Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee.

Crypto Market Crash: Why BTC, ETH, XRP, And DOGE Are Dropping Today

CoinMarketCap data shows that Bitcoin, Ethereum, XRP, and Dogecoin have suffered significant price declines following a crypto market crash. This occurred following Jerome Powell’s testimony before the Senate Banking Committee, which was bearish for risk assets.

Powell said there is no need to hurry to adjust the current economic policy. He further remarked that they want to make more progress on inflation before pivoting.

These statements from the Fed Chair again highlighted the hawkish stance that the US Central Bank is currently adopting in terms of its monetary policy. This is bearish for risk assets like Bitcoin, Ethereum, XRP, and Dogecoin since the Fed is unlikely to cut interest rates anytime soon.

It is worth mentioning that Powell had made some positive remarks for the market, including affirming the Central Bank’s commitment to end debanking. He also revealed that they don’t plan on making a Central Bank Digital Currency (CBDC).

However, these remarks weren’t enough to stop the crypto market crash, as Powell’s hawkish speech quickly sparked a wave of sell-offs. The Bitcoin price could quickly dropped below the $97,000 support level and is at risk of falling below $95,000 at the time of writing.

Coinglass data shows that over $200 million has been liquidated from the crypto market in the last 24 hours, with long positions taking the most hit.

Donald Trump’s Contribution To The Market Decline

US President Donald Trump has also contributed to the crypto market crash with the tariffs he has implemented since he took office on January 20. Yesterday, Trump announced a 25% tariff on aluminum and steel imports.

The US president has promised to impose certain tariffs on the European Union, to which the EU has also responded that it will retaliate with tariffs of its own. These developments have raised concerns about trade wars, which are bearish for the crypto market. China already retaliated by imposing taxes on certain US imports.

As Coingape reported, Trump revealed last week that he plans to announce ‘reciprocal tariffs‘ this week on countries that have imposed unfair taxes on the US. This move could also negatively impact the market and lead to further declines.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.