Ethereum's MVRV Z-Score Indicates Potential Bottoming Out
#Market analysis #Ethereum #Ethereum - ETH Ethereum's MVRV Z-Score Indicates Potential Bottoming Out Ethereum's MVRV Z-Score, a crucial indicator for evaluating the valuation of its native token, Ether, has reached its lowest point in 17 months, suggesting that the cryptocurrency may be approaching a bottom. The MVRV Z-Score compares Ethereum's market value to its realized value and is currently nearing the undervaluation zone, indicating that ETH could be trading at a discount compared to the total capital inflow. Historical data shows that similar low levels of the MVRV Z-Score in the past have preceded significant price rebounds for ETH. Institutional investors and long-term holders are accumulating ETH aggressively, as evidenced by increased inflows into accumulation addresses. This accumulation trend aligns with price pullbacks, suggesting that large investors anticipate a price increase in 2025. Ethereum's price action is supported by key Fibonacci retracement levels, with potential bullish breakout targets at $3,000 and $4,063. However, a break below key support levels could invalidate the bullish setup.
Litecoin Faces Price Drop Amidst Trade Wars # Market analysis
# Litecoin # Litecoin - LTC Litecoin Faces Price Drop Amidst Trade Wars Litecoin experienced a significant price drop to $94, a 26% decrease from the weekly open, attributed to ongoing trade tensions. Despite this, analysts see potential in Litecoin due to its resilience and positive social commentary. In February, LTC outperformed BTC, maintaining breakeven value while Bitcoin faced an 18% decline. Santiment data revealed a rise in LTC active addresses to 445,000. Valeriya, a crypto trader, noted signs of reaccumulation in Litecoin. Technically, Litecoin trades within a consolidation range of $130 to $140, staying above the 200-day EMA since Nov. 6, 2024. Immediate support levels are at $92 to $100 and $80 to $88. RSI dropped to 38, the lowest since Aug. 8, 2024. Onchain data from IntoTheBlock showed significant LTC holdings in the $79 to $90 range. Investors should conduct their own research before making any investment decisions.
Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit
# DeFi # Ethereum # Ethereum - ETH Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit World Liberty Financial, a decentralized finance (DeFi) project supported by President Donald Trump's family, purchased over $20 million in digital assets before the White House's inaugural crypto summit on March 7. The project's digital wallet obtained $10.1 million in Ether, $9.9 million in Wrapped Bitcoin, and $1.68 million in Movement Network's MOVE token just days before the event. Despite controversies surrounding token swaps, World Liberty aims to revolutionize DeFi/CeFi and offer crypto holders opportunities without intermediaries. The timing of the acquisition aligns with the anticipated summit, where industry leaders will engage in discussions with President Trump's Working Group on Digital Assets. Speculation suggests the Trump administration may propose establishing a strategic crypto reserve, with Bitcoin potentially playing a significant role. The project's actions and the summit's discussions highlight the evolving landscape of cryptocurrency in government affairs.
Former FTX CEO Sam Bankman-Fried's Prison Interview and Legal Battles
# Security breaches # Ethereum # Ethereum - ETH Former FTX CEO Sam Bankman-Fried's Prison Interview and Legal Battles Former FTX CEO Sam Bankman-Fried, also known as SBF, was sentenced to 25 years in 2024 for misusing customer funds. Despite being in prison, he gave an interview to Tucker Carlson discussing his life behind bars and views on crypto regulation in the US. While not directly addressing a potential pardon from former President Trump, SBF hinted at aligning with Republican ideas. Bankman-Fried, a Democratic donor, claimed to have supported Republicans as well. Following FTX's collapse and subsequent criminal charges, SBF, along with two others, received prison sentences. He expressed disbelief in the charges and criticized the legal proceedings. Despite ongoing legal battles, including an appeal, there were rumors of seeking a presidential pardon. Bankman-Fried's prison experience involved isolation and limited contact with former associates. The FTX cases have mostly concluded with varying sentences for individuals involved.
# Cryptocurrency # Ethereum TRUMP Meme Coin Faces Sharp Decline Amidst Bearish Sentiment The TRUMP meme coin experienced a 20% drop in value on Tuesday, resulting in a market cap decrease to approximately $2.5 billion and a trading volume reduction of over 50%. This decline followed an unsuccessful rally post the US crypto strategic reserve announcement, reinforcing a bearish outlook. With a critical support level at $11, TRUMP risks falling below this mark for the first time since its inception if selling pressure persists. However, the upcoming White House Crypto Summit on March 7 could potentially trigger a rebound, with a breakout above $17.47 potentially propelling TRUMP towards $20.7 or even $24.5. The Relative Strength Index (RSI) for TRUMP has plummeted to 40.1, indicating a shift in momentum towards sellers. The BBTrend indicator also reflects increasing bearish momentum, suggesting a struggle for TRUMP to maintain positive momentum. Despite recent gains post the US crypto strategic reserve announcement, TRUMP faces challenges in sustaining an upward trend amidst current market conditions.
Capital Flight in Cryptocurrency Market Solana experienced a significant outflow of nearly $485 million last month, as investors moved towards perceived safer digital assets like Ethereum, Arbitrum, and BNB Chain. This trend reflects the growing uncertainty in the cryptocurrency market. The shift to 'safer' assets was part of a broader flight to safety among crypto market participants, with Bitcoin dominance increasing to 59.6%. The outflows from Solana were also influenced by negative sentiment in the market, exacerbated by events like the $1.4 billion Bybit hack. Additionally, disappointment in Solana-based memecoin launches and incidents of rug pulls have dampened investor appetite. On the other hand, stablecoins and real-world assets saw a rise in value, reaching all-time highs. This capital rotation is expected to continue amidst market turbulence, with RWAs projected to reach a $50 billion high by 2025.
🇺🇸 Galaxy Digital: U.S. Won’t Buy Bitcoin in 2025! Alex Thorn predicts the U.S. will focus on managing its 183,850 BTC reserves, worth $17.36B, while states like Texas and Ohio explore adding Bitcoin to their treasuries.
🚀 ChatGPT Predicts Ripple's All-Time High in 2025! XRP could hit $4.5 in 2025, fueled by adoption, regulatory clarity, and market optimism. Experts warn new tokens might limit growth, but an SEC-approved ETF could be a game-changer.
🚨 Solana Co-Founder Accused of Crypto Theft! Stephen Akridge faces legal claims from ex-wife Elisa Rossi, alleging he siphoned Solana staking rewards worth "millions" from her wallet during their divorce.
🚀 Ripple Set for a 1,295% Surge! Credible Crypto predicts XRP could skyrocket over 1,295%, breaking $4 and potentially hitting $20–$30, fueled by a clear bullish Elliott Wave pattern.
🌐 Hamster Network Launching on TON! Hamster Kombat unveils plans for a Layer 2 network on TON, aiming to boost its ecosystem despite declines in Tap-to-Earn interest and active wallets.
📊 US Recession Predicted by Late 2025! Samantha LaDuc foresees a U.S. recession by 2025, citing bond yield curve shifts as a reliable signal, despite Goldman Sachs lowering recession odds to 15%.
🐕 Dogecoin Ready to Soar! Ali Martinez highlights a TD Sequential buy signal for Dogecoin, with whales snapping up 90M DOGE in two days. Meanwhile, he warns Bitcoin could dip below $92,730, signaling further correction.
🚀 Crypto Boom to Continue Until 2025! BitGo CEO Mike Belshe predicts crypto’s bullish trend will last through 2025, fueled by supportive regulations and corporations adopting Bitcoin as a hedge against inflation.
💰 Bitcoin to Hit $125K by 2025? Crypto analyst Xanrox predicts Bitcoin will surge to $125K by 2025, urging investors to sell at the peak as a long bear market may follow, potentially dropping BTC to $50K–$60K.
Vladimir Putin declares Bitcoin unstoppable, with Russia supporting crypto for international trade and exempting miners and traders from taxes to bypass sanctions.
Donald Trump names Paul Atkins as SEC chair, signaling a pro-crypto shift in U.S. regulation, potentially boosting the industry’s growth and innovation.
📊 Analyst: Now’s a Great Time to Invest in Ethereum
Gautam Chhugani highlights Ethereum’s steady supply, staking rewards, and upcoming ETFs as key reasons to consider investing during its current price stability.