Altcoin
‘Market Blues’ As BTC & Altcoins Dip
The dynamic realm of crypto has concluded yet another week, primarily sparking uncertainty among market participants globally. Bitcoin (BTC) price slumped alarmingly in the past seven days, whereas altcoins mainly followed the tumbling movement amid broader developments. Primarily, the market faces turbulence amid broader macroeconomic developments. Here’s a brief report on some of the most buzzworthy updates reported by CoinGape over the past week.
Crypto Market Blues Amid Trump’s Tariffs Saga
Notably, the crypto market took a severe hit this week, primarily against the backdrop of macroeconomic trends. U.S. President Donald Trump announced new tariffs for Mexico, Canada, and China this week, thereby delivering a blow to global markets due to trade war speculations.
As a result, even the cryptocurrency sector plummeted, with BTC & Altcoins reversing previous gains. BTC even stopped as low as $95K in the past seven days, where altcoins faced further heat on prices. Besides, the market is yet to recover despite Donald Trump announcing a 30-day pause on the new tariffs for Mexico & Canada. Some traders and investors believe that further downfall awaits as the market has not yet recovered, and the tariffs are to resume in 30 days.
Also, US President Donald Trump has revealed that he plans to unveil reciprocal tariffs next week in a move that could further escalate his trade war with the country’s allies.
On the other hand, despite the recent U.S. jobs data coming cooler than expected, the cryptocurrency sector continued to slump. U.S. nonfarm payrolls increased 143,000 in January, down from the market expectations of 170K. Further, the U.S. unemployment rate came in at 4%, down from 4.1% noted in the prior month. Nevertheless, the broader crypto market scenario remains uncertain at the moment.
BTC & Altcoins Tank Despite Rising Whale Activity
Simultaneously, BTC lost nearly 3% this week, closing in at the $97K level. Further, ETH price lost an alarming 14% in value, closing the week at $2,600 level. XRP price followed, cracking 14% over the past day and closing the week below $3. Primarily, the broader slumping action in crypto prices mirrors an uncertain market sentiment prevailing across the broader sector due to macroeconomic developments.
Nevertheless, it’s noteworthy that altcoins witnessed a substantial rise in whale activity during this period. CoinGape reported that XRP whales bought 520 million tokens amid the recent dip, indicating that gains are imminent. Further, recent ETH whale activity also underscored a buying spree among traders and investors globally. Further, even meme coins like PEPE & WIF whale accumulations spiked amid the current market dip. In turn, market watchers remain optimistic over a bullish movement ahead as large-scale investors exhibit a potential buy-the-dip strategy.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
The crypto market has rebounded strongly from its recent turmoil, reaching a value of $2.65 trillion with a 1.30% increase. In tandem with this trend, Dogecoin’s price has surged by almost 2% over the past day. Analysts remain optimistic about DOGE’s potential for a bullish rally, further fueling the current upward momentum.
Will Dogecoin Price Reach $5?
In a recent X post, market analyst CryptoELITES shared a bullish forecast for Dogecoin price. The analyst predicted that DOGE will reach $5 in the near future. To strengthen their analysis, CryptoELITES presented a historical chart that signals Dogecoin price’s target of $5.
Meanwhile, Trader Tardigrade has identified the formation of a 5-wave Descending Broadening Wedge on the 4-hour chart, indicating an impending breakout. Following a confirmed RSI bullish divergence, Dogecoin ($DOGE) rebounded to test the descending resistance line of the wedge. According to the analyst’s predictions, Dogecoin could reach $0.1780.
Increased Whale Activity and ETF Frenzy Spark Bullish Resurgence
During the last crypto market correction, Dogecoin dipped by nearly 20% falling from $0.22 to $0.17. However, large Dogecoin investors or whales have utilized the opportunity to amass 1.7 billion DOGE worth $298 million in just 72 hours.
Reflecting on this increased whale activity, analyst Lumen projected Dogecoin price’s surge to $0.5. He added that the target is possible if DOGE surges past $0.2 before the ETF approval.
Interestingly, crypto expert DOGECAPITAL posited that the Dogecoin price could reach an ambitious point of $90 by the end of 2025.
In a recent development, the US Securities and Exchange Commission (SEC) has reportedly delayed its decision on approving ETFs for Dogecoin (DOGE), XRP, Solana, and Litecoin, despite growing anticipation. However, ETF Store President Nate Geraci remains optimistic, asserting that the ETFs will ultimately be approved.
Why $2 is a Pivotal Target for Dogecoin Price?
Notably, $2 has been a pivotal target for the Dogecoin price. Many crypto experts have predicted DOGE’s potential rally targeting around $2. For instance, Dogecoin co-founder Billy Markus projected Dogecoin price’s possible surge to $2.3, marking a staggering 500% uptick.
Similarly, analyst Javon Marks underscored DOGE’s potential to hit $2.3, citing historical patterns. According to Changelly, DOGE will reach the projected $2.3 by July 2032.
As of press time, DOGE is valued at $0.1614, with an uptick of 3.64% over the past 24 hours. Despite the daily surge, Dogecoin price saw massive declines of 17% and 34% over the past week and month, respectively.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
The latest update from cryptocurrency exchange Binance nabbed substantial investor attention globally. An update from the platform on Wednesday revealed that users are poised to witness five new spot listings shortly ahead. A stockpile of other new trade services for the same will follow. In turn, market participants weigh considerable optimism on the assets’ future price movements amid enhanced market support.
Binance Reveals Spot Listings For 5 New Crypto Pairs
In an official release dated March 12, Binance revealed that it will open trading for the following pairs starting March 13 at 08:00 UTC.
- CVC/USDC
- EURI/USDC
- SYN/USDC
- USDC/RON
- VELODROME/USDC
What’s More?
Further, the top crypto exchange will also commence trading bot services for the abovementioned pairs on the same date and time. In particular, users are to enjoy ‘Spot Algo Orders’ services on these pairs.
As a response, market participants anticipate rising trading volumes in these assets amid enhanced market offerings that attract investors. This saga could potentially bolster price actions despite the recent broader market turmoil.
Why Did Binance Reveal These Listings?
Notably, the exchange’s announcement added that this decision is to expand the list of trading choices offered to users. With this, the crypto exchange behemoth continues to cement its global ranking, offering users top-notch trading opportunities.
However, the announcement also revealed that users in the following regions cannot trade these pairs:
- Canada
- Cuba
- Crimea Region
- Iran
- Netherlands
- North Korea
- Syria
- United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
- Any non-government-controlled areas of Ukraine.
“RON is fiat currency and does not represent any other digital currencies,” Binance added.
Can These Crypto Rally?
For context, usual market sentiments about prices remain highly positive amid new spot listings on crypto exchange giants. Primarily due to the platform’s colossal user base, market watchers anticipate a huge money influx in tokens in light of the enhanced trade offerings.
However, it’s also worth taking into account the broader crypto market turmoil with investors’ cautious approach. Notably, the crypto sector faces immense pressure amid rising U.S. recession fears and Trump’s tariff chronicles. Nevertheless, traders and investors continue to eye Binance’s updates, expecting gains in the wake of rising market exposure.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.
Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.
21Shares Lowers ABBA’s Management Fees and Lists on Xetra
According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.
Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025. Backed by BTC and ETH, the 21Shares ABBA has become an even more compelling investment option with its reduced management fee of 0.49%. It offers investors a convenient and cost-effective way to tap into both leading cryptocurrencies.
ABBA’s Xetra Listing: 21Shares’ European Expansion
Interestingly, 21Shares is envisioning the expansion of ABBA’s availability. Thus, the ETP provider has listed ABBA on Xetra, Deutsche Börse’s leading trading platform for exchange-traded products, expanding its availability. Commenting on the development, Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”
The listing of ABBA on Xetra is a strategic step in 21Shares’ expansion plans, aiming to enhance liquidity, accessibility, and transparency for European investors. Thus, the development ultimately solidifies the company’s presence in the region. Chiu further stated,
At 21Shares, our mission is to provide investors with the most efficient and innovative crypto investment products. Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle.
This move follows the US Securities and Exchange Commission’s (SEC) decision to postpone the approval of several ETFs, including 21Shares’.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
Can Dogecoin Price Still Hit $5 Despite US SEC’s DOGE ETF Delay?
Cardano Struggles to Climb—ADA Faces Strong Hurdles Ahead
Suspicious High-Leverage Trades on Hyperliquid Raise Red Flags
Binance Reveals Major Backing For These 5 Crypto, Prices To Rally?
KAS Surge Propels 15% Rally, Highlighting Investor Confidence
21Shares Reduces Fees for Bitcoin Ethereum Core ETP, Lists on Xetra
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Altcoin23 hours agoWake-Up Call for Meme Coin Investors?
-
Market23 hours agoAnalyst Says Only Buy XRP If It Reaches This Level
-
Market22 hours agoBitcoin’s Potential Bottom: Expert Predictions
-
Altcoin22 hours agoBinance Unveils Key Update On CATI & These 5 Crypto, What’s Lies Ahead?
-
Market21 hours agoWhat It Means for Ethereum’s Reputation
-
Market20 hours agoRipple CTO and Robert Kiyosaki Advise Buying Bitcoin
-
Altcoin20 hours agoCBOE Files For Staking In Fidelity’s Ethereum ETF
-
Market19 hours agoCardano Enters Opportunity Zone, But ADA Holders Are Skeptical
✓ Share: