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Monero price defies gravity ahead of the BitBot token launch

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Monero price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its lowest level this year, giving it a market cap of over $3.2 billion. The focus among cryptocurrencies is now shifting to the upcoming Federal Reserve interest rates decision and the ongoing ETF inflows.

Monero is defying gravity

Cryptocurrencies wavered on Monday as focus remained on the upcoming Fed decision. Bitcoin held steady below the crucial resistance point at $70,000. Other big cryptocurrencies like Ether and Solana remained in a tight range.

Many altcoins, on the other hand, went through a major sell-off as concerns about the Federal Reserve continued. This sell-off happened after the US published strong jobs numbers on Friday, raising the possibility that the Fed will hold rates steady in this week’s meeting. 

Monero, the biggest privacy coin in the world, was the best-performing token even though there was no major ecosystem news. Notably, the rally continued as Monero formed a golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other. 

In most cases, this is one of the most popular bullish signs in the market. Most importantly, the token has risen above the key resistance level at $180, its highest swing in December last year.

Therefore, there is a likelihood that the bull run will continue in the coming days. If this happens, it will likely surge to the next level at $200. The stop-loss of this trade will be at $170. 

BitBot is seeing strong traction

It is against this backdrop that the BitBot token is gaining more traction in the market a few weeks after it concluded its highly-successful token sale. The developers raised over $4.3 million from investors. 

BitBot’s token sale was highly successful because of what the network is promising. According to its website, the developers are aiming to create the biggest AI-powered Telegram trading bot. 

This is notable because of Telegram’s scale as one of the biggest social media companies in the world with over 900 million users. 

The Telegram bot industry is doing well as demand for trading solutions jump globally. Recent data showed that these bots account to over $164 million worth of tokens every day.

As such, there are signs that it will gain traction because of its emphasis on AI and security. Unlike other Telegram bots, BitBot will be a non-custodial platform, meaning that its developers will not have access to users funds. 

BitBot’s developers are now working on the application. They are also preparing to launch the claiming process for the token. This is a situation where those who bought the tokens will be able to claim them when they start trading. Learn more about BitBot here.



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Binance Megadrop Launches KernelDAO

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Binance Megadrop has announced its fourth project – KernelDAO (KERNEL), a restaking protocol supporting three key tokens Kernel, Kelp, and Gain.

Introduced in 2024, Binance Megadrop is a token launch platform that provides users with early access to promising crypto projects before their official listing.

KernelDAO and Binance Megadrop: Overview

KernelDAO is a restaking protocol that allows users to repurpose staked assets (such as ETH or BNB) to participate in other protocols, maximizing yield. The protocol launched its mainnet in December 2024.

The KernelDAO Megadrop event kicks off on April 1, 2025, and lasts for 20 days, rewarding participants with KERNEL tokens. Kelp, a KernelDAO component, manages over $1.15 billion in Total Value Locked (TVL) across 10 blockchains, including Ethereum and BNB Chain.

Kelp TVL. Source: DefiLlama
Kelp TVL. Source: DefiLlama

KernelDAO has a maximum supply of 10 billion KERNEL tokens. Binance has allocated 40 million KERNEL (4% of the total supply) for participants. Upon listing on Binance, the initial circulating supply will be 162,317,496 KERNEL (16.23% of the total supply).

After the Megadrop event, KERNEL will be listed on Binance Spot with trading pairs such as KERNEL/BTC, KERNEL/USDT, and KERNEL/BNB.

KernelDAO is the fourth project on Binance Megadrop, following Lista (LISTA) and Xai (XAI). Previously, Binance Labs invested in Kernel to build recovery infrastructure on the BNB Chain.

Binance’s inclusion of KernelDAO could contribute to the growth of the restaking sector. According to DeFiLlama, the total TVL of restaking protocols surpassed $15 billion in early 2025, with EigenLayer and Kelp leading the market.

With 40 million KERNEL tokens distributed through Megadrop, many participants may sell immediately after receiving their tokens, potentially creating downward price pressure. Additionally, increasing competition from protocols like EigenLayer could pose challenges for KernelDAO.

Additionally, not all projects listed on Binance have performed impressively. In 2024, Binance-listed tokens all fell, with 29 out of 30 tokens posting significant losses.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Wintermute Sells ACT Tokens Due To Binance Limit Changes

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Market maker Wintermute sold off huge quantities of ACT and other BNB meme coins on April 1, tanking their prices by as much as 50%. Wintermute CEO denied intentionally selling these assets and started re-buying them.

Community sleuths believe that Binance is to blame, quietly lowering the leverage position limit for ACT and other tokens. This incident may cause further mistrust and uncertainty in a shaky meme coin market.

Why Did Wintermute Sell ACT?

A chaotic incident is currently unfolding in the meme coin sector. At the center of the story is Wintermute, a market maker that recently made headlines by interacting with World Liberty’s USD1 stablecoin before the official announcement.

Today, Wintermute has sold off large quantities of BNB meme coins, especially ACT.

Wintermute Sells ACT Tokens
Wintermute Sells ACT Tokens. Source: Arkham Intelligence

After Wintermute’s massive sell-off, the price of ACT subsequently fell 50%. This caused a stampede in other BNB meme coins, erasing millions of dollars and generating a lot of market chaos.

However, in a strange development, Wintermute’s CEO Evgeny Gaevoy denied deliberately causing the sale.

“Not us, for what it’s worth! [I’m] also curious about that postmortem. If I were to guess, we reacted post move, arbitraged the Automated Market Maker (AMM) Pool,” Gaevoy claimed in a social media thread.

This raised more questions than it answered. If Wintermute didn’t intend to sell off these ACT tokens and other meme coins, what triggered them? The firm even began buying ACT again after the sale. Subsequently, crypto sleuths started suspecting a quiet rule change from Binance, the world’s largest crypto exchange.

Both data from Lookonchain and analysis from 0xwizard, an important community leader for ACT, alleged that Binance was involved in the Wintermute debacle. Specifically, they claimed that the exchange quietly lowered the leverage position limit for ACT. This meant that market makers who held more positions than this limit were automatically liquidated at market price.

Naturally, these allegations caused a lot of outrage. Yi He, co-founder of Binance, responded, claiming that the relevant team is “collecting details and preparing a reply.” She further said that there might be another player involved but didn’t elaborate on this. This is not her first time responding to major criticism about Binance’s meme coin policies.

Ultimately, the dust is far from settled on this issue. Most of the impacted tokens are still substantially down from their positions yesterday, which is unfortunate in this fearful market. Between HyperLiquid’s short squeeze last week and this incident with Wintermute and ACT, overreach from crypto exchanges could damage market confidence.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Stuck in Place as Tariffs and Charts Point Both Ways

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Bitcoin (BTC) enters April on shaky footing. It is caught between fading bearish momentum and rising uncertainty ahead of Wednesday’s highly anticipated “Liberation Day” tariff announcement. Technical indicators like the DMI, Ichimoku Cloud, and EMA lines show mixed signals, with early signs of buyer strength emerging.

The market remains range-bound, with both downside tests and breakout rallies on the table depending on macro developments. With the JOLTS report due today and tariff clarity still pending, Bitcoin’s next major move could be just around the corner.

BTC DMI Shows Buyers Took Control, But Will It Last?

Bitcoin’s Directional Movement Index (DMI) is flashing potential signs of a momentum shift. The Average Directional Index (ADX), which measures the strength of a trend regardless of its direction, has dropped to 28.59 from 40.38 yesterday. That indicates that the current downtrend may be losing steam.

Typically, an ADX reading above 25 signals a strong trend, while values below that suggest a weakening or sideways market. Although 28.59 still shows moderate trend strength, the drop signals fading momentum.

Meanwhile, the +DI (positive directional indicator) has surged to 23.75 from 9.35, while the -DI (negative directional indicator) has fallen to 17.88 from 34.58—suggesting bullish pressure is beginning to build.

BTC DMI.
BTC DMI. Source: TradingView

This crossover between the +DI and -DI could signal an early trend reversal, especially if confirmed by further price action and volume. However, it’s important to note that Bitcoin remains in a broader downtrend for now.

Market participants are also eyeing today’s JOLTS report, a key indicator of U.S. job openings. A stronger-than-expected report could lift the dollar and apply pressure to crypto markets. On the other hand, weaker data could increase expectations of rate cuts, potentially boosting Bitcoin and other risk assets.

With directional indicators shifting and macroeconomic data in play, Bitcoin’s next move could be heavily influenced by external catalysts. Recently, BlackRock CEO Larry Fink stated that Bitcoin could take the dollar’s role as the world reserve currency.

Bitcoin Ichimoku Cloud Shows The Bearish Trend Is Still Here

Bitcoin’s Ichimoku Cloud chart reveals a market still under bearish pressure, despite recent signs of short-term recovery. The price is currently testing the Kijun-sen (red line), which acts as a key resistance level.

While the Tenkan-sen (blue line) is starting to flatten and curl upward—often a sign of momentum shift—the fact that the price remains below the Kumo (cloud) indicates that the broader trend is still bearish.

The cloud ahead is red and descending, suggesting continued downward pressure in the near term.

BTC Ichimoku Cloud.
BTC Ichimoku Cloud. Source: TradingView.

However, the price has briefly pushed into the cloud’s lower boundary, indicating a potential challenge to the bearish structure.

For a stronger trend reversal signal, Bitcoin would need to break above the cloud and see a bullish Kumo twist form. Until then, the Ichimoku setup shows a cautious recovery at best.

Liberation Day Could Strongly Influence Bitcoin Price

Bitcoin’s EMA lines remain bearish. Its shorter-term averages are still below the longer-term ones, an indication that downward momentum persists.

This setup suggests sellers continue to control the trend, and unless reversed, Bitcoin price could revisit key support zones. If the current downtrend accelerates, it may first test support around $81,169. If that level fails to hold, deeper drops toward $79,069 or even $76,643 could follow.

Nic Puckrin, crypto analyst and founder of The Coin Bureau told BeInCrypto the market’s heightened uncertainty ahead of the so-called “Liberation Day” tariffs. He notes that Bitcoin is equally positioned for a sharp move in either direction. It could possibly dip to $73,000 or surging toward $88,000:

“As Liberation Day approaches, the uncertainty around the magnitude of the tariffs is keeping Bitcoin and other risk assets in limbo. (…) Until there is more clarity around tariffs, this range-bound pattern will continue, but if we get softer news than feared or some sort of concessions, we could see a breakout from the current trading pattern. If we do, $88,000 is the level to watch in the short term, but we would need to see a marked increase in volume for this to indicate an extended rally.”

BTC Price Analysis.
BTC Price Analysis. Source: TradingView.

He defends that a tariff shock could make BTC test levels around $73,000:

“If there is a tariffs shock, conversely, we could see BTC breaking down toward $79,000 in the short term, or even further down to the next support level at $73,000 if extreme fear grips markets. – Nic told BeInCrypto.

Still, if Bitcoin manages to flip the trend and gain upward momentum, a climb toward resistance at $85,103 would be the first target. Breaking above that could open the path to higher levels at $87,489 and $88,855.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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