Market
Why BTC Price Stayed Unchanged

GameStop’s announcement that it would invest in Bitcoin drove excitement across the crypto community. Within hours, the video game and electronics retailer experienced a significant hike in stock prices. However, Bitcoin’s price remained the same.
In a conversation with BeInCrypto, representatives from Quantum Economics and CryptoQuant explained that Bitcoin’s price was bound to be indifferent to this type of announcement. GameStop lacks the size and scale to meaningfully impact the asset’s trading value, while overall hawkish market sentiment limited significant price movements.
Understanding GameStop’s Bitcoin Move
On March 26, GameStop announced an update to its investment policy, revealing that it had added Bitcoin as a Treasury Reserve Asset. Mirroring MicroStrategy’s Bitcoin plan, GameStop gambled on crypto exposure to strengthen its financial position in 2025.
“GameStop adding Bitcoin to their balance sheet is a huge win for corporate adoption of the world’s leading cryptocurrency,” Mati Greenspan, Founder and CEO of Quantum Economics, told BeInCrypto in response.
The company’s stock prices jumped as high as 12% in a matter of hours before seeing corrections. Community members reacted favorably, including high-profile figures like Scottie Pippen, six-time NBA champion.
As Pippen’s tweet suggests, GameStop’s announcement parallels recent efforts by different institutional players to acquire Bitcoin holdings. However, unlike previous cases, the company’s initiative did not impact Bitcoin’s price performance.
Market Indifference Explained
A day before GameStop’s announcement, the price of Bitcoin peaked at $88,474. Yesterday, it fell to a high of $88,199. At the time of press, Bitcoin’s price rests at $86,691. In other words, Bitcoin’s trading value has remained unphased by GameStop’s acquisition.

On previous occasions, these announcements have pushed BTC’s price by significant percentage points, unleashing a wave of bullish sentiment in trading activity.
When Tesla, for example, announced in February 2021 that it had bought $1.5 billion worth of Bitcoin, the move briefly pushed up the cryptocurrency’s price by as much as 20%.
Other major players like Strategy (formerly MicroStrategy) and BlackRock and nation-states like El Salvador and Bhutan have also acquired massive amounts of Bitcoin. But in yesterday’s announcement, GameStop failed to mention how much BTC it was eyeing.
The firm did mention that it would be issuing $1.3 billion in 0% convertible senior notes to finance this acquisition. Yet, compared to the broader trend of publicly listed firms buying Bitcoin, this figure is rather underwhelming.
“The announcement lacked key details —most importantly, how much Bitcoin they’re actually buying. While they’re sitting on about $4.8 billion in cash, we’ve seen no indication of what portion, if any, will be allocated to BTC,” Greenspan told BeInCrypto.
As a result, the market was left guessing. Without a clear figure, investors had no reason to react strongly. Instead, the statement served as a message of intent rather than a concrete market-moving event.
But even if GameStop had clarified just how much Bitcoin it was willing to buy, it still wouldn’t have made much of a difference in Bitcoin’s price. This is because of the underlying macroeconomic factors that have kept BTC below $90,000 for nearly a month now.
Why Didn’t GameStop’s Announcement Move Bitcoin’s Price?
According to its most recent quarterly report, GameStop has a nearly $4.8 billion cash balance. Per yesterday’s announcement, the company plans to raise $1.3 billion through a private offering of convertible senior notes.
It clarified, however, that the net proceeds from this offering will be used for “general corporate purposes,” which may include the acquisition of Bitcoin.
However, this remains to be seen. This vagueness creates a situation with much speculation but no concrete information.
For Greenspan, even if GameStop used its entire cash balance to purchase Bitcoin, BTC’s overall price would remain unchanged.
“To put things in perspective, Bitcoin’s on-chain volume alone averages around $14 billion per day — and that’s not even counting exchanges or ETFs. So even if GameStop went all-in, it still wouldn’t make a dent,” he said.
Meanwhile, the announcement must also be considered in light of the larger sentiment surrounding the crypto market at the moment.
A Bearish Moment for Bitcoin
Market sentiment has been particularly cautious lately. Between Trump’s tariff announcements and rumors about a possible recession, Bitcoin’s price has remained stagnant.
“Overall market sentiment remains the least bullish since January 2023 as measured by CryptoQuant’s Bitcoin Bull Score Index. The index goes from 0 (least bullish) to 100 (most bullish), and it has been at 20 since late February,” Julio Moreno, Head of Research at CryptoQuant, told BeInCrypto.

While major event announcements have driven Bitcoin prices up in the past, the wider market has been focused on other factors affecting trading behaviors.
“Bitcoin spot demand growth remains in contraction territory, declining by 297K Bitcoin in the last 30 days, the largest contraction for such a period since December 2023. The market is more focused on the macro developments, given expectations of a slowing down economy and the uncertainty regarding Trump’s Administration tariffs and trade policy,” Moreno added.

Given the greater pessimism dampening overall market sentiment, announcements of corporate purchases are unable to garner enough force to impact Bitcoin prices positively.
Meanwhile, given how far institutional adoption of crypto has come, corporate announcements don’t have the same impact as they used to.
Has Corporate Adoption Become Old News?
There’s a case to be made that the general public has become desensitized to corporate Bitcoin treasury announcements. According to data from Bitcoin Treasuries, private companies worldwide hold 381,560 BTC worth over $33.2 billion, twice as large as public companies.
“More pertinently, institutional adoption is so last cycle,” Greenspan said.
Many more recent announcements that extend beyond the scope of BTC holdings in private companies have rocked the market, causing prices to surge.
The market went berserk when spot Bitcoin ETFs began trading in January last year. For the first time, Bitcoin became available to a much wider pool of institutional investors who were previously hesitant to invest directly in the cryptocurrency.
This event led to a significant influx of capital into the Bitcoin market, driving up demand and prices.
Almost a year later, when Trump, a presidential candidate who promised to make the United States a cryptocurrency pioneer, won the elections, Bitcoin prices reached new highs.
Other, more recent events, like Trump’s announcement of a national strategic crypto reserve, had similar impacts on the market.
According to Greenspan, events like this last one will create future spikes in BTC’s price. For him, the new adoption cycle will focus on Bitcoin acquisition by entire nations.
National BTC Reserves Set to be Newest Market Driver
While countries like the United States, China, and Ukraine currently hold stockpiles of Bitcoin mainly seized from law enforcement activities, more countries are deliberately purchasing additional Bitcoin for strategic purposes.
El Salvador, for example, has gradually increased purchases of Bitcoin. Today, it holds a little over 6,000 in holdings. Meanwhile, Bhutan’s Bitcoin stockpile has already surpassed the $1 billion mark.
Other jurisdictions, such as Brazil, Poland, Hong Kong, and Japan, have also had lawmakers consider adding Bitcoin to their fiscal reserves.
For Greenspan, these announcements will generate real change in BTC’s future trading activity.
“This bull run is mainly about nation-state adoption. Let’s face it: as fun and nostalgic as GameStop is, it simply can’t compete with the scale and significance of entire countries stepping into the Bitcoin arena,” he said.
In the grand scheme of Bitcoin’s market, GameStop’s announcement, though notable, pales in comparison to the potential impact of large-scale events such as national policy changes or major economic shifts.
Disclaimer
Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.
From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.
SOL Ichimoku Cloud Paints A Bearish Picture
The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).
The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.
For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.
Solana DMI Shows Sellers Are In Control
Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.
The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.
This surge confirms that the current downtrend in SOL is gaining momentum.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.
This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.
As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.
Can Solana Drop Below $110 Soon?
Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.
It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.
A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.
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
Top 3 Made in USA Coins to Watch This Week

Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.
SUI is the only major gainer, up 3.8%, showing some strength despite broader weakness. Meanwhile, PI has been the worst performer, plunging over 23% and staying below $1 all week.
XRP
XRP is the largest Made in USA crypto by market cap, but it’s also down 10.6% over the last 7 days—the biggest drop among the top 10. This sharp correction could present an opportunity, especially with Trump’s “Liberation Day” event coming up on April 2.
If XRP builds an uptrend, it could push to test resistance at $2.22. A breakout there may lead to moves toward $2.47 and even $2.59 if momentum grows.

If the downtrend continues, XRP could revisit support at $2.06. A breakdown below that level might drag it further down to $1.90.
With volatility rising and a possible narrative shift on the horizon, XRP could be a key coin to watch this week.
SUI
SUI is the only among major Made in USA cryptos showing gains over the past week, up 3.8%, even though it’s still down 13% over the last 30 days. This resilience sets it apart from the rest of the pack.
In the last 24 hours, trading volume has dropped 15% to $767 million. The coin’s current market cap is $7.43 billion.

SUI’s EMA lines recently formed a death cross, hinting at a possible downtrend. If confirmed, the price could drop to $2.23, with further downside to $2.11 and $1.96.
If SUI manages to reverse the trend, it could climb toward $2.50. A breakout there would open the door to $2.83, nearly 20% higher from current levels.
Pi Network (PI)
Pi Network (PI) is the biggest loser among Made in USA cryptos this week, with its price down over 23% in the last seven days.
It has been trading below $1 throughout the entire week.

If sentiment shifts, PI could rebound toward resistance at $1.05. A breakout there might lead to a push-up to $1.23.
But if bearish pressure continues, PI could fall to test support at $0.718. A drop below that would send it to $0.62—its lowest level since February 21.
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
3 Token Unlocks for April: Parcl, deBridge, Scroll

Three major token unlocks involving PRCL, DBR, and SCR are set to take place in April. Parcl will unlock 161.7 million PRCL on April 16, followed by deBridge unlocking 1.11 billion DBR on April 17 and Scroll releasing 40 million SCR on April 22.
These events could significantly impact each token’s supply dynamics and short-term price action. With large allocations set aside for contributors, partners, and airdrops, these unlocks are worth watching closely.
Parcl (PRCL)
Unlock Date: April 16
Number of Tokens to be Unlocked: 161.7 million PRCL (16.2% of Total Supply)
Current Circulating Supply: 270.8 million PRCL
Total supply: 1 Billion PRCL
Parcl is a decentralized exchange that lets users trade real estate price movements without owning property. The ecosystem—made up of Parcl, Parcl Labs, and Parcl Limited—governs the Parcl Protocol, which offers synthetic exposure to real-world real estate markets. It allows users to go long or short on property prices across different regions.
On April 16, 161.7 million PRCL tokens, worth roughly $15.56 million, will be unlocked. This could increase the token supply and lead to short-term market volatility.
The unlock includes 92.4 million tokens for early supporters and advisors, and 69.3 million for core contributors. PRCL price is down 33% in the last 30 days and trading below $0.1 since yesterday.

deBridge (DBR)
Unlock Date: April 17
Number of Tokens to be Unlocked: 1.11 billion DBR (11.1% of Total Supply)
Current Circulating Supply: 1.16 billion
Total supply: 10 Billion DBR
deBridge is a cross-chain protocol that allows users to transfer assets and data between different blockchains. It aims to simplify interoperability and make decentralized applications more connected and efficient.
On April 17, 1.11 billion BDR tokens, worth around $32.19 million, will be unlocked. This unlock will nearly double the current circulating supply, adding roughly 95% more tokens to the market.
The allocation includes 400 million for core contributors, 340 million for strategic partners, and 176.93 million for the ecosystem. The rest goes to the community, foundation, and validators. Despite the upcoming unlock, deBridge has gained nearly 38% in the past month, with its market cap now nearing $34 million.

Unlock Date: April 22
Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)
Current Circulating Supply: 190 million
Total supply: 1 Billion SCR
Scroll is a Layer 2 solution built to improve Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.
On April 22, 40 million SCR tokens, valued at about $11.52 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. Its price is down roughly 46% in the last 30 days, with its market cap at $55 million, down from its peak of $265 in October 2024.
All 40 million tokens are allocated for airdrops.

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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