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Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship crypto’s future trajectory. Specifically, he alluded to BTC’s RSI, which is showing a similar pattern to last year, just before the rally to new highs.  Bitcoin’s RSI Targeting Daily Retest That Triggered 2024 Price Rally In an X post, Rekt Capital revealed that Bitcoin’s RSI is targeting a daily retest that triggered the 2024 price rally. He mentioned that last week, the daily RSI successfully performed a post-breakout retest of the RSI downtrend, which dates back to November 2024, to confirm the breakout. He added that the RSI is now going for another retest of that same downtrend.  Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume The Bitcoin price rallied to $100,000 during this November 2024 period following Donald Trump’s victory in the US presidential elections. Rekt Capital’s accompanying chart showed that the RSI is retesting the 40 zone, with a break below this level likely to spark another downtrend for the flagship crypto. On the other hand, holding above this RSI level could spark another uptrend for BTC, sending its price to new highs.  However, the Bitcoin price looks more likely to face another major correction at the moment, having dropped from its weekly high of around $88,500 to below $84,000 on Friday. Macro factors like Donald Trump’s tariffs and the US Federal Reserve’s quantitative tightening policies are weakening the flagship crypto’s bullish momentum.  Trading firm QCP Capital opined that any short-term upside for the Bitcoin price remains capped as markets wait for clarity from Trump’s next move in the escalating trade war. The PCE inflation data, which was released on Friday, also sparked a bearish outlook for BTC as the core index rose beyond expectations.  BTC Could Form Local Bottom At Current Price Level Crypto analyst Titan of Crypto suggested that the Bitcoin price could form a local bottom at its current price level. He noted that BTC is still holding above a strong confluence of supports, including the monthly Tenkan and midline of the monthly Fair Value Gap. The analyst added that the last two times BTC has held these supports, it has marked a local bottom.  Related Reading: Popular Analyst PlanB Expects Bitcoin Price To Double In 2025 As Bear Market Is Not Here In an earlier post, Titan of Crypto had raised the possibility of the Bitcoin price rallying to $91,000 soon. He stated that a bullish pennant had formed on the 4-hour chart. According to him, if this pattern breaks to the upside, the BTC target is around $91,400. Meanwhile, legendary trader Peter Brandt looks bearish as he recently predicted that BTC could drop to as low as $65,635.  At the time of writing, the Bitcoin price is trading at around $83,900, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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The global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth, according to CoinFund managing partner David Pakman.“We’re in a stablecoin adoption upswell that’s likely to increase dramatically this year,” Pakman said during Cointelegraph’s Chainreaction live show on X on March 27. “We could go from $225 billion stablecoins to $1 trillion just this calendar year.” He noted that such growth, while modest compared to global financial markets, would represent a “meaningfully significant” shift for blockchain-based finance.Pakman also suggested that the rise in capital flowing onchain, combined with growing interest in exchange-traded funds (ETFs), could further support decentralized finance (DeFi) activity:“If we have a moment this year where ETFs are permitted to provide staking rewards or yield to holders, that unlocks really meaningful uplift in DeFi activity, broadly defined.”https://t.co/v9lOnk00QY— Cointelegraph (@Cointelegraph) March 27, 2025Related: BlackRock Bitcoin ETP ‘key’ for EU adoption despite low inflow expectationsThe aggregate stablecoin supply stood at an all-time high of above $208 billion across the five largest stablecoins on March 28, according to Glassnode data.Stablecoins, aggregate supplies. Source: Glassnode “This is the major catalyst that’s been missing for over a decade: a major movement of people’s wealth onchain that brings everyone else on,” added Pakman.The growing stablecoin supply recently surpassed $219 billion and continues to rise, suggesting that the market is “likely still mid-cycle” as opposed to the top of the bull run, according to IntoTheBlock analysts.Related: Most EU banks fail to meet rising crypto investor demand — SurveyStablecoin payment adoption on the riseStablecoins use for daily payments is on the rise, illustrating the efficacy of blockchain-based transactions.“We’re up over 22x in stablecoin volume since 2021,” Pakman said, adding:“We’ve seen a significant decrease in the size of each stablecoin transaction, which points to the fact that they are being used more as payments and less for large transfers.”BTC-to-stablecoin ratio. Source: Ki Young JuThat aligns with recent comments from CryptoQuant founder and CEO Ki Young Ju, who said stablecoins are increasingly being used for remittance payments and as a store of value. However, Ju said stablecoin supply won’t pump Bitcoin’s (BTC) price without additional catalysts.Magazine: Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame

Tether has announced a $10.8 million (€10 million) investment in media company Be Water, acquiring a 30.4% stake to support innovation in content production and distribution. This move highlights Tether’s strategy to expand beyond fintech and into modern media technologies. Tether Acquires 30.4% Stake in Be Water, Expanding into Media Innovation Tether Inc. has made […]

Solana (SOL) is currently holding above the $125 mark, a level that has acted as support in recent weeks. While this may appear a sign of strength, the broader sentiment around SOL remains cautious. Analysts are warning that the latest surge in price could be nothing more than a bull trap, setting the stage for further downside. Despite the recent bounce, price action continues to show weakness, with lower highs forming on multiple timeframes — a classic sign of bearish continuation. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst The overall crypto market remains under pressure, and many investors fear that a deeper bear market could be unfolding. Macroeconomic uncertainty, combined with rising risk-off sentiment, has added to the concern. As a result, confidence among retail and institutional investors is fragile. Some are exiting positions, while others are choosing to hold through the volatility, sitting on unrealized losses in hopes of a long-term recovery. With SOL struggling to establish clear momentum, analysts believe the path of least resistance remains to the downside unless bulls can reclaim higher levels with strong volume. A failure to maintain the $150 level could confirm bearish continuation and open the door for a move toward lower support zones. Until buyers return with conviction, Solana remains in a precarious position — caught between the fading momentum of a short-lived rally and the growing weight of market uncertainty. The coming days will be crucial in determining whether SOL can recover or if more pain lies ahead. Solana Key Test As Bearish Sentiment Grows Solana price action shows signs of weakness as bulls struggle to build momentum. The recent market surge brought temporary relief to altcoins, but many analysts warn it may have been a bull trap — a short-lived rally within a larger downtrend. With volatility rising again, Solana is now facing a critical test that could define its short-term direction. Investor sentiment remains divided. Some fear a deeper bear market is on the horizon, pointing to macroeconomic instability, rising interest rates, and broader risk-off sentiment. Others continue to hold through unrealized losses, hoping for a long-term recovery despite mounting uncertainty. As SOL trades in this fragile zone, conviction remains low, and every move is being closely watched. Runefelt highlighted a significant technical risk: if Solana’s current ascending support fails, the token could drop to as low as $113. This support line has so far held up against sell pressure, but repeated tests without a clear bounce raise the risk of a breakdown. A drop to $113 would mark a major correction and erase much of the gains made earlier in the year. Until bulls can reclaim higher resistance levels and confirm a breakout, the dominant trend remains bearish. Analysts are warning that unless Solana can hold its current structure, the next leg down could come quickly. With the market on edge and momentum fading, Solana’s price action over the coming days will be crucial in determining whether the asset can stabilize — or if further declines are ahead. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details Bulls Aim To Reclaim Momentum Solana (SOL) is trading at $128 after two consecutive days of selling pressure, which erased a portion of its recent gains and pushed the asset back below key resistance levels. The market’s sudden shift in sentiment has left bulls on the defensive, with price action weakening across the board. For SOL to regain momentum and confirm a bullish reversal, reclaiming the $180 level in the coming days is essential. The $180 zone has acted as a significant resistance point during previous rallies, and a decisive move above it would likely trigger renewed buying interest and open the door to a broader recovery. Without this breakout, however, the outlook remains fragile. If bulls fail to push prices higher and reclaim critical levels, Solana risks falling deeper into bearish territory. Continued weakness could lead to another leg down, as traders eye lower support zones and brace for a potential bearish surge. Related Reading: Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk? Market conditions remain volatile, and macro uncertainty continues to weigh heavily on risk assets. For now, SOL’s short-term future hinges on whether buyers can step in soon and drive a move back above the $150–$180 range to avoid a steeper decline. Featured image from Dall-E, chart from TradingView 

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The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci.“It’s LAWFARE, pure and simple due to an obscure but dangerously powerful New York law known as the Martin Act,” Scaramucci said in a March 28 X post.Martin Law can “open the door for abuse”“The law has no need to prove intent, creating a low standard of proof that can open the door for abuse like this. It shouldn’t exist,” he said.New York’s Martin Act is one of the US’s strictest anti-fraud and securities laws, allowing prosecutors the power to pursue financial fraud cases without needing to prove intent. The NAYG alleged that Galaxy Digital violated the Martin Act over its alleged promotion of Terra, with Galaxy Digital agreeing to a $200 million settlement.According to NAYG documents filed on March 24, Galaxy Digital acquired 18.5 million LUNA tokens at a 30% discount in October 2020, then promoted them before selling them without abiding by disclosure rules. Scaramucci reiterated that Galaxy CEO Michael Novogratz was under the impression everything he was saying about Luna was true, as he had been deceived by Terraform Labs and its former CEO, Do Kwon.Source: Amanda FischerMeanwhile, MoonPay president of enterprise, Keith Grossman, said he had never heard of the Martin Act and had to look it up using AI chatbot ChatGPT.“It is so broad and essentially is the essence of lawfare,” Grossman said. “Sorry you got caught in the crosshairs of it, Mike,” he added.Related: Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’The filing alleged that Galaxy helped a “little-known” token, referring to LUNA, increase its market price from $0.31 in October 2020 to $119.18 in April 2022 while “profiting in the hundreds of millions of dollars.”Asset manager and investor Anthony Pompliano said he isn’t familiar with the details of the lawsuit but vouched for Novogratz, calling him a “good man” who has devoted a lot of time and money to helping others.The Terra collapse is one of the crypto industry’s most infamous failures. In March 2024, SEC attorney Devon Staren said in the US District Court for the Southern District of New York that Terra was a “house of cards” that collapsed for investors in 2022.Magazine: Arbitrum co-founder skeptical of move to based and native rollups: Steven Goldfeder

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Following a period of intense price consolidation, the Ethereum (ETH) market experienced an eventful trading week that featured a damning rejection at the $2,100 price level which has emerged as a major resistance zone in recent times. Following this bearish development, analysts continue to speculate on the future of crypto’s largest altcoin. Related Reading: Ethereum Price Struggles—Is Another Breakdown on The Horizon? Ethereum’s $2,100 Rejection Signals Further Decline, But How Low Can ETH Go? In an X post on March 28, a prominent market expert with X username Cryptododo7 provided valuable insights on Ethereum’s potential trajectory following its latest rejection at the $2,100 price zone. Via a technical analysis of the daily ETH/USD trading chart, Cryptododo7 hints that the ETH market sentiment is currently bearish suggesting a major downside in the coming weeks. Within the last six months, Ethereum suffered a breakdown from an ascending channel stretching to 2023. This negative development was initiated by the formation of a one-year-long double top as seen between 2024-2025. For context, a double top is a bearish reversal pattern consisting of two peaks that reach a similar level i.e. $4.100 in ETH’s case, and are separated by a through resembling the letter “M”. The existence of a double-top formation since early 2025 has pushed ETH into a downward spiral during which the altcoin’s value has declined by 54% as it crashed below the lower boundary of its ascending channel. Following the latest rejection at $2,100, Ethereum seems less likely to re-discover its bullish form as its price now lingers around $1,870. According to Cryptododo7, Ethereum could undergo a sustained downtrend pointing to potential bearish targets around $1,130 – $1,200 based on the height of the now invalid ascending channel. Related Reading: XRP Price Eyes 20%v Move With Golden Pocket Appearance Ethereum Market Outlook Beyond technical indicators, the Ethereum market is being strongly influenced by Bitcoin’s market uncertainty and general macroeconomic factors. While the inauguration of US President Donald Trump marked a positive shift in US crypto policy as evidenced by the creation of the US Digital Stockpile Reserve among others, other administrative decisions on tariffs and international trade have negatively impacted the crypto market prices with investors selling their holdings in high-risk assets in fear of a global trade war. Looking forward, there is likely to be any stability on the macroeconomic front as talks of a potential economic recession continue to gain traction. At the time of writing, ETH was trading at $1,881 following a heavy 6.81% decline in the past day. ETH bulls must provide sufficient demand to break past the $2,100 to neutralize the current bearish prediction and perhaps ignite a market recovery. Featured image from Pexels, chart from Tradingview