Market
Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?

Bitcoin price started a fresh declined below the $100,000 zone. BTC is down close to 10% and might test the $90,000 support zone.
- Bitcoin started a fresh decline below the $100,000 level.
- The price is trading below $99,500 and the 100 hourly Simple moving average.
- There is a key bearish trend line forming with resistance at $96,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it stays above the $90,000 zone.
Bitcoin Price Dives Below $100,000
Bitcoin price started another decline below the $100,000 zone. BTC gained bearish momentum for a move below the $98,000 and $95,000 levels. It even dived below $93,000.
A low was formed at $90,944 and the price is now consolidating losses. There was a minor increase above the $92,500 level. The price even tested the 23.6% Fib retracement level of the downward move from the $106,000 swing high to the $90,944 low. However, the bears are now active near the $95,000 zone.
Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $95,000 level. The first key resistance is near the $96,500 level. There is also a key bearish trend line forming with resistance at $96,200 on the hourly chart of the BTC/USD pair.

The next key resistance could be $98,400 or the 50% Fib retracement level of the downward move from the $106,000 swing high to the $90,944 low. A close above the $98,500 resistance might send the price further higher. In the stated case, the price could rise and test the $96,800 resistance level. Any more gains might send the price toward the $100,000 level.
Another Decline In BTC?
If Bitcoin fails to rise above the $95,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $92,500 level. The first major support is near the $92,000 level.
The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,500 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $92,500, followed by $90,000.
Major Resistance Levels – $95,000 and $96,500.
Market
FTX Would Still Have $93 Billion

Sam Bankman-Fried interviewed Tucker Carlson from prison. The former FTX CEO still thinks declaring bankruptcy was a bad decision, and the exchange would have $93 billion in assets from his investments.
Bankman-Fried’s answers showed that many of his beliefs have remained the same since 2022, but it’s important to remember his biases.
Sam Bankman-Fried’s First Video Interview From Prison
Sam Bankman-Fried, the infamous FTX co-founder, is reappearing in the media despite his 25-year incarceration. Last month, he conducted his first interview from prison, angling for a pardon from President Trump.
Today, Bankman-Fried sat down with Tucker Carlson for a new video interview covering a wide range of topics.
This time, however, he didn’t mention the pardon. When Carlson asked Bankman-Fried why his extensive political contributions didn’t help him avoid prison in 2022, he responded by talking about his disillusionment with the Democratic Party.
This aligns with statements made in his previous interview.
“One factor that might be relevant is, in 2020, I was center-left, and I gave a lot to Biden’s campaign. I was optimistic. By 2022, I was giving to Republicans, privately, as much as Democrats. That started becoming known right around FTX’s collapse. That probably played a role,” he claimed.
Other than that change, however, many of his crypto-related beliefs appear unchanged since the FTX collapse in 2022. For example, Carlson asked Bankman-Fried whether crypto crimes were bigger 10 years ago, and he replied that they were smaller, citing the Silk Road.
When asked if he had any liquid assets, Bankman-Fried talked about roads not taken.
“The company I used to own, had nothing intervened, today would have about $15 billion of liabilities and about $93 billion of assets. There was enough money to pay everyone back in kind at the time. Plenty of interest left over, and tens of billions left for investors. But that’s not how it worked out. It’s been a colossal disaster,” Bankman-Fried stated.
In other words, he doesn’t seem to think that his actions at FTX were wrong or fraudulent. Similarly, the Silk Road achieved widespread notoriety, but its transactions amounted to less than $200 million.

Meanwhile, crypto scams in 2025 can steal that much in one day. In other words, it’s important to remember his biases, especially since he is removed from the scene.
Carlson grilled Bankman-Fried on a few other topics, like whether crypto scams were tarnishing the industry’s reputation. For the most part, they talked about other topics, such as celebrities incarcerated with him, using muffins as “prison money,” Bankman-Fried’s upcoming birthday, etc.
The FTX founder is still trying to appeal his conviction but acknowledged that it’s a long shot.
Disclaimer
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Market
Altcoin Season Remains Elusive as Market Struggles Amid Trump’s Trade Wars

At the start of 2025, several altcoins surged to new all-time highs. Others climbed to multi-month peaks, riding the wave of the Donald Trump-fueled rally that swept through the crypto market.
However, Trump’s escalating trade wars and broader macroeconomic unrest have led to a significant downturn in many altcoins, raising questions about the timing of the next altcoin season.
Altcoin Season Slips Further Away
Altcoin season refers to a market cycle in which crypto assets other than Bitcoin significantly outperform BTC in terms of price gains. Many altcoins witness significant price surges during this period, often due to increased investor speculation, capital rotation from BTC into other crypto assets, and bullish sentiment in the market.
This cycle commences when at least 75% of the top 50 altcoins outperform BTC over a three-month period. However, this is far from the reality. The Altcoin Index, which tracks this trend, has plunged to its lowest level since October 2024, signaling continued weakness in the sector.

As of this writing, only 24% of top altcoins have outperformed leading crypto Bitcoin over the past 90 days, highlighting its dominance in the current market cycle. This persistent underperformance suggests that an altcoin season may still be far off.
Further reinforcing this bearish outlook, TOTAL2, the metric tracking the total market capitalization of all cryptocurrencies excluding BTC, has remained in a descending parallel channel since the beginning of the year.

This pattern signals a sustained downtrend. It is formed when an asset’s price moves between two downward-sloping parallel trendlines, with lower highs and lower lows over time. As of this writing, TOTAL2 is at $1.14 trillion, plummeting by 17% since January 1.
This decline confirms the lack of strong bullish momentum across the altcoin market, hinting at zero likelihood of an altcoin season kicking off anytime soon.
Bitcoin Dominance Climbs as Market Pullback Deepens
While the market has witnessed a significant pullback recently amid Trump’s trade wars, Bitcoin dominance has continued to increase. An assessment of Bitcoin’s dominance (BTC.D) on a daily chart confirms the same.

This metric, which measures the percentage of the total cryptocurrency market capitalization that Bitcoin holds, has remained above an ascending trend line since last December. As of this writing, it sits at 61.29%.
If BTC’s dominance remains elevated, it could further delay the prospects of an altcoin season.
The post Altcoin Season Remains Elusive as Market Struggles Amid Trump’s Trade Wars appeared first on BeInCrypto.
Market
Onyxcoin (XCN) Eyes Rebound After 50% Drop

Onyxcoin (XCN) lost over 50% in February after a massive rally of nearly 2,000% between January 13 and January 26. Despite the ongoing decline, its recent indicators show mixed signals. RSI has stayed neutral for the past nine days, and ADX is pointing to a weakening downtrend.
XCN is currently trading between resistance at $0.017 and support at $0.0143, with EMA lines still reflecting a bearish trend. Whether the price moves higher or lower will depend on whether momentum returns or if selling pressure continues to push XCN toward lower support levels.
XCN RSI Has Been Neutral For 9 Days
Onyxcoin has an RSI of 43.2, down from its recent high of 68.9 on March 2.
Since yesterday, it has been fluctuating between 45 and 46, maintaining a neutral position without clear upward or downward momentum.
RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, which could precede a rebound.
With XCN’s RSI at 43.2, the asset remains in neutral territory, where it has been since February 25.
A move above 50 could indicate growing bullish momentum, while a drop toward 30 may signal increasing selling pressure.
Onyxcoin ADX Shows the Downtrend Is Losing Steam
XCN’s ADX is 16.8, down from 36.6 three days ago, indicating a steady decline in trend strength. This drop suggests weakening momentum, aligning with XCN’s recent downtrend over the past few days.
The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100.

Readings above 25 typically indicate a strong trend, while values below 20 suggest weak or nonexistent trend momentum. With XCN’s ADX at 16.8, the current downtrend lacks strong conviction, meaning further downside may be limited unless momentum picks up again.
If ADX continues to decline, XCN could move into a consolidation phase rather than a sustained downward move.
Onyxcoin Could Fall Below $0.014 Soon
After a historical surge in January, when XCN was one of the best-performing altcoins in the market, Onyxcoin’s price is now trading between resistance at $0.017 and support at $0.0143. Its EMA lines show a bearish trend as short-term EMAs remain below long-term ones.
If the ongoing downtrend continues, XCN could test the $0.0143 support level, and a break below that could push the price further down to $0.0134.

However, ADX indicates that the downtrend is weakening, which could open the door for a reversal.
If buying momentum returns, Onyxcoin could test resistance at $0.017, and a breakout above that level could send the price toward $0.022. A stronger recovery, similar to its momentum in January, could push XCN as high as $0.0264.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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