Market
How Crypto Is Powering De-Dollarization

At the sixteenth annual BRICS Summit in Kazan, Russia, several leading members discussed cryptocurrency’s role in de-dollarization. The Presidents of Russia, China, and Iran all stressed the need for new digital platforms.
The core of this de-dollarization effort is BRICS Pay, a payment solution platform based on blockchain technology and CBDCs.
BRICS Summit 2024
The sixteenth annual BRICS Summit has officially kicked off in Kazan, Russia, and one topic has risen to prominence: de-dollarization. At the BRICS Business Forum days prior, Russian President Vladimir Putin discussed using crypto assets and central bank digital currencies (CBDCs) for secure payments. Now, the topic has grown even further:
“There is an urgent need to reform the international financial architecture, and BRICS must play a leading role in promoting a new system that better reflects the profound changes in the international economic balance of power,” said Chinese President Xi Jinping.
Read More: Digital Rupee (e-Rupee): A Comprehensive Guide to India’s CBDC
The core of this reform is the nascent BRICS Pay system. This proposed model will use blockchain technology and CBDCs to facilitate payment options.
The system is not operational yet, but BRICS members have long discussed it as a de-dollarization strategy. A mockup of a possible new currency for this system was also presented at the Summit.

In other words, discussions have moved beyond the hypothetical. The BRICS Business Council’s Annual report explicitly discussed the urgency of finalizing these alternate economic platforms.
Some representatives advocated a system based on CBDCs like the digital yuan. This mirrors El Salvador’s main reason for making Bitcoin legal tender: further economic independence.
Read More: Crypto Regulation: What Are the Benefits and Drawbacks?
As Matthew Sigel, Head of Digital Assets Research at VanEck, reported, CBDCs are not the only assets up for debate. Russian lawmakers introduced the possibility of using Bitcoin and other assets to pay for imports, also bypassing dollar hegemony. Cryptocurrencies are consistently at the forefront of discussion for BRICS’ new economic infrastructure.
Although BRICS has been considered “an informal club” rather than a concrete force, prominent members have joined the de-dollarization plan. According to Iranian state media network IRNA, for example, Iranian President Masoud Pezeshkian proposed “international mobile payment systems,” “a shared e-commerce platform,” and other similar digital solutions.
Between China, Russia, Iran, and numerous other members, the BRICS Summit may gather enough cooperation and approval to move de-dollarization efforts forward. Representatives of the world’s major economies have all joined to discuss blockchain and cryptocurrency solutions.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Still In Trouble—Why Recovery Remains Elusive

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Bitcoin price started a recovery wave from the $81,200 zone. BTC is consolidating losses and facing hurdles near the $83,500 resistance level.
- Bitcoin started a decent recovery wave above the $82,200 zone.
- The price is trading below $83,200 and the 100 hourly Simple moving average.
- There is a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it clears the $83,500 zone.
Bitcoin Price Faces Resistance
Bitcoin price extended losses below the $82,500 support zone and tested the $81,200 zone. BTC formed a base and recently started a decent recovery wave above the $82,200 resistance zone.
The bulls were able to push the price above the $82,500 and $83,000 resistance levels. The price even tested the 23.6% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low. However, the price is struggling to continue higher.
Bitcoin price is now trading below $83,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $83,200 level. The first key resistance is near the $83,500 level. There is also a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair.

The next key resistance could be $84,500. A close above the $84,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,500 resistance level. Any more gains might send the price toward the $86,000 level or 61.8% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low.
Another Decline In BTC?
If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,200 level. The first major support is near the $81,200 level.
The next support is now near the $80,500 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,800.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $82,200, followed by $81,200.
Major Resistance Levels – $83,500 and $85,000.
Market
What to Expect After March’s Struggles

The leading altcoin, Ethereum, experienced a challenging month in March, marked by a series of bearish trends that reflected a broader market slowdown.
However, as the market begins to show signs of recovery, the key question for April remains: Can Ethereum regain its bullish momentum?
Ethereum’s March Woes: Price Crash, Activity Slump, and Growing Supply Pressure
On March 11, Ethereum plummeted to a two-year low of $1,759. This prompted traders to “buy the dip,” triggering a rally to $2,104 by March 24.
However, market participants resumed profit-taking, causing the coin’s price to fall sharply for the rest of the month. On March 31, ETH closed below the critical $2,000 price level at $1,822.
Amid ETH’s price troubles, the Ethereum network also experienced a severe decline in activity in March. Per Artemis, the daily count of active addresses that completed at least one ETH transaction fell by 20% in March.
As a result, the network’s monthly transaction count also plummeted. Totaling 1.06 million during the 31-day period in review, the number of transactions completed on Ethereum fell by 21% in March.

Generally, as more users transact and engage with Ethereum, the burn rate (a measure of ETH tokens permanently removed from circulation) increases, contributing to Ether’s deflationary supply dynamic. However, when user activity drops, ETH’s burn rate reduces, leaving many coins in circulation and adding to its circulating supply.
This was the case for ETH in March when it saw a spike in its circulating supply. According to data from Ultrasound Money, 74,322.37 coins have been added to ETH’s circulating supply in the past 30 days.

Usually, when an asset’s supply spikes like this without a corresponding demand to absorb it, it increases the downward pressure on its price. This puts ETH at risk of extending its decline in April.
What’s Next for Ethereum? Expert Says Inflation May Not Be a Major Concern
In an exclusive interview with BeInCrypto, Gabriel Halm, a Research Analyst at IntoTheBlock, noted that ETH’s current inflationary trends “may not be a major red flag” to watch out for in April.
Halm said:
“Even though Ethereum’s supply has recently stopped being deflationary, its annualized inflation rate is still only 0.73% over the last month, which is still dramatically lower than pre-Merge levels and lower than that of Bitcoin. For investors, this moderate level of inflation may not be a major red flag, provided that network usage, developer activity, and institutional adoption remain robust.”
Moreover, regarding whether Ethereum’s declining network activity has played a significant role in its recent price struggles, Halm suggested that its impact may be overstated.
“Historically, from September 2022 to early 2024, Ethereum’s supply remained deflationary, yet the ETH/BTC pair still trended lower. This suggests that macroeconomic and broader market forces can play a far more significant role than token supply changes alone.”

On what ETH holders should anticipate this month, Halm said:
“Ultimately, whether Ethereum dips or rallies in April will likely depend more on market sentiment and macro trends than on its short-term supply dynamics. Still, it’s essential to keep an eye on network developments that could spur renewed activity and reinforce ETH’s leading position in the broader crypto landscape.”
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.
Market
Binance Faces Community Backlash and Boycott Calls

Controversies surrounding token listings, the depegging of the FDUSD stablecoin, and allegations of unethical behavior have raised a crucial question: Is Binance losing its credibility?
These issues threaten to erode trust and challenge Binance’s standing in the crypto industry.
Binance Struggles to Meet the Standard
One of Binance‘s most pressing issues is the poor performance of the tokens listed on the exchange. As BeInCrypto reported earlier, 89% of the tokens listed on the platform in 2025 recorded negative returns.
Even more concerning, another report reveals that most of the tokens listed in 2024 also experienced negative performance.
Listing on Binance was once considered a “launchpad” for new projects. However, it no longer guarantees success.
A prime example is the ACT token, a meme coin listed on the exchange that quickly plummeted. Earlier this week, Wintermute—a major market maker—dumped a large amount of ACT, exerting strong downward pressure on its price and raising concerns about the transparency of Binance’s listing process.
Such criticism has led the community to believe Binance prioritizes listing fees over users’ interests.
Connection to FDUSD
The FDUSD stablecoin has also become a focal point of controversy, with Binance at its center. FDUSD lost its peg, dropping to $0.89 after reports surfaced that its issuing company had gone bankrupt.
Wintermute, one of the largest FDUSD holders outside of Binance, withdrew 31.36 million FDUSD from the exchange at 11:15 AM UTC. This move is believed to have exacerbated the depegging situation, sparking panic in the market.
More concerning, a community member claimed that some Binance employees leaked internal information about the FDUSD incident so they could select whale chat groups.
If true, this would severely damage Binance’s reputation and raise major questions about the platform’s transparency and ethics.
Overall, the community’s dissatisfaction is growing, with many users calling for a boycott of the exchange. Such negative reactions are shaking user confidence in the platform, which was once considered a symbol of credibility in the crypto space.
“Binance today caused massive liquidations on alts listed on their exchange. I warned you all yesterday about their very dirty tactics, specifically GUN. I refuse to use Binance #BoycottBinance,” wrote popular crypto YouTuber Jesus Martinez.
These accusations stem from a central issue that Binance prioritizes profits over user interests. Over the past few months, the community has constantly criticized its listing strategy, arguing that the exchange focuses on “shitcoins” to collect high listing fees without considering project quality.
Although the exchange recently introduced a community voting mechanism to decide on listings, this might not be enough to silence the criticism.
As a Tier-1 exchange, the company is evaluated based on trading volume, security, regulatory compliance, and community trust. However, recent events suggest that the exchange is struggling to maintain these standards.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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