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Why Bitcoin, Ethereum, XRP, And Dogecoin Price Are Dropping

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.
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.
Altcoin
Justin Sun Reveals Plan To Integrate TRX On Solana

Barely days after disclosing that TRX will reach a new all-time high, Justin Sun is setting things in motion. The Tron founder has hinted at an incoming integration of TRX on Solana, sparking industry-wide speculation over the mode of deployment.
TRX Is Coming To Solana
In an X post, Justin Sun announced that TRX will be coming to Solana’s blockchain in the coming weeks. While the statement did not contain a timeline or clear details, TRX and Solana communities are lapping up the announcement with glee.
“TRX will be soon on Solana. Ready to buy and collaborate,” wrote Sun on X.
Pundits are predicting a cross-chain bridge to bring TRX to Solana, leaning on a custom solution or existing offerings. Another cross-section of analysts is tipping the use of a wrapped TRX into a SOL-native token as an alternative.
While other options are in play, a cross-chain bridge is considered the most viable option for Justin Sun. The move follows Solana’s bridged assets from Ethereum, surpassing $314 million in the last 30 days.
For both communities, the integration is seen as a win given their individual capabilities. For starters, Solana’s performance can bring Tron closer to the goal of eliminating fees for stablecoin transactions while Solana will record a spike in activity from TRX’s deep user pool.
Both Ecosystems Are Sizzling With Activity
While the announcement did not trigger a rally for both SOL and TRX, both ecosystems are a beehive of activity. Justin Sun previously expressed confidence of TRX hitting an ATH in the future with active addresses reaching 3 million.
Solana, on the other hand, is reeling from the ripples of its fifth anniversary as it moves on from the failure of the SIMD-228 proposal. In more dour ecosystem news, Solana took down an advertisement over gender identity themes, sparking widespread criticisms.
Despite the outrage, SOL price is staging a recovery following CME Group’s launch of SOL futures while Tron continues to rack up network fee revenues.
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.
Altcoin
Solana Faces Criticism—Removes Ad Following Backlash On Gender Identity


There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out.
The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism.
Ad Criticized For Insensitivity
The video depicted a character named “America” who was undergoing therapy; the character said he was having thoughts about “innovation.”
The therapist recommended that the subject concentrate on pronouns or the development of new genders rather than pursing technological innovation, like crypto, during the session.
“America” answered by stating a wish to “invent technologies, not genders.”
The look of disappointment from some individuals. Image: Gemini Imagen.
Critics have labeled the commercial as “offensive” and “tone-deaf,” some of which call it disrespectful to transgender and gender minorities.
Took them 9 hours to delete it.
Also all the major players in the Solana ecosystem suddenly delete their tweets promoting/supporting the ad and RT’d and liked takes about it being bad.
They approved this, supported it and celebrated it.
They rolled it back because it hurt… pic.twitter.com/kPMERDpTcn
— Adam Cochran (adamscochran.eth) (@adamscochran) March 18, 2025
Corporate executives voiced their criticism. Former Solana Foundation director David McIntyre argued that while Adam Cochran of Cinneamhain Ventures called the advertising “justly absurd,” the platform should have given positive messaging top priority over mocking important societal issues.
Sean O’Connor, operating chief at Web3 infrastructure firm Blocknative, did not mince words and unloaded an explicit message on X:
hey @solana – for real?
at a time when trans people are getting denied passports and being erased by the government… this is the ad you put out?
this is so fucking tone deaf https://t.co/p2hF5jIb9c
— sean o’connor | gas network ⛽ (@aseoconnor) March 17, 2025
Controversy Casts Doubt On Solana’s Values
The controversy has prompted inquiries regarding Solana’s ability to adhere to its stated principles. Just weeks prior, the Solana Foundation underscored the importance of diversity and inclusion at a conference in Singapore.
SOL market cap currently at $63 billion. Chart: TradingView.com
Its code of conduct explicitly safeguarded participants from harassment based on gender identity and expression. Currently, observers are debating whether the advertisement represents a strategic transition or an isolated gaffe by the organization.
Solana has not yet issued an official statement that elucidates the reason for the video’s removal. Critics contend that the decision to eliminate it was reactive rather than indicative of ethical reflection.
I deleted my initial take on the Solana ad today after some reflection.
At first I liked the ad because it struck a chord with me. I believe a whole generation of people was taught to focus on zero sum oppressor oppressed world views rather than positive sum techno…
— Tushar Jain (@TusharJain_) March 18, 2025
Industry Leaders Withdraw Their Support
Subsequently, certain initial supporters of the advertisement withdrew their endorsements. Initially, Tushar Jain, co-founder of Multicoin Capital, commended the video as “bold.” However, he later deleted his post and acknowledged that it alienated certain members of the community.
This incident underscores the increasing tensions within the crypto industry regarding political messaging and cultural commentary.
Featured image from Gemini Imagen, chart from TradingView

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Altcoin
Pepe Coin Price Eyes 40X Breakout Amid Bull Run, Here’s All

Top crypto analysts across the globe recently rattled the broader market by forecasting a highly bullish outlook for Pepe Coin price. Amid an ongoing 22% weekly price rally, analysts like Ali Martinez, CryptoELITES, and World of Charts have predicted that a phenomenal bullish breakout for PEPE looms.
While one spotlights the potential for 40x gains, others reveal a bull run awaits, and thus 50%-60% pump looms. These bullish projections echoed an optimistic market buzz after the recent market turmoil, which slammed PEPE price by nearly 30% over the month.
Top Analysts Predict Pepe Coin Price Eyes Bullish Breakout
Crypto analyst ‘Ali Martinez’ took to X on March 18, stating that Pepe Coin’s price is eyeing a bullish breakout. As per the analyst, the meme coin has been shaping an inverse head and shoulders pattern on the hourly chart since the start of the month.
This formation embodies a key neckline resistance at the $0.0000075 price level. Further, the analyst reveals that the meme coin’s price formed a part of the right shoulder with its price action in the last 24 hours. Now, a sustained break above the mentioned neckline resistance could trigger a phenomenal 40% price upswing.


For those wondering, the inverse head and shoulders pattern is a formation on the price chart that suggests a potential reversal from a downtrend to an uptrend. Traders and investors usually anticipate gains in the wake of this formation, proving to be bullish news.
Has PEPE Price Already Bottomed?
Simultaneously, analyst ‘CryptoELITES’ took to X, stating that Pepe Coin price confirmed a bottom at $0.0000069834. The analyst called the dip, whilst the current price is already considerably up from this level.
At the time of reporting, PEPE token’s price traded at $0.000007181, soaring 6% intraday. The meme coin hit an intraday high of $0.000007582, briefly breaking the neckline resistance spotlighted by Ali Martinez.
While this action garners investor bullishness, analyst CryptoELITES believes that the pump is just the start, whereas a 40X target is right over the horizon.


Other Analysts Join The Fray
Simultaneously, analyst ‘World of Charts’ revealed on X that the frog-themed meme coin is trading in crucial areas while also spotlighting an inverse head and shoulders pattern. This forecast primarily added to market optimism as the analyst expects a 50-60% bullish rally after a successful breakout from similar resistance levels near $0.000007.
As a result, crypto market participants weigh significant optimism on Pepe Coin price amid renowned analysts’ bullish predictions. In addition, a PEPE price analysis by CoinGape also spotlights the same pattern, cementing investor sentiments of a bull run.
Market Dynamic Already Optimistic?
The meme coin is already up nearly 22% over the past week, per CoinMarketCap. Further gains remain awaited in light of the bullish predictions and an ongoing recovery sentiment brewing right ahead of the U.S. FOMC.
Coinglass data signaled renewed market interest in the asset amid the bullish predictions. The crypto’s futures OI rose by over 8% to $237.90 million recently. Further, the derivatives volume shot up by nearly 16% to $627.05 million.
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.
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