Category: Cryptocurrency News

Dogecoin is at a critical point, with its price hovering around $0.16. Traders are watching closely, as this support level could be the deciding factor in whether the meme coin takes off or tumbles further. If history is any guide, maintaining this level could spark a rally, while losing it may bring more pain. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K Dogecoin: Key Level To Watch The $0.16 support level is not just a random number—it has been a crucial zone for Dogecoin. If it stays above this mark, there’s a strong chance of a rebound. Past price movements suggest that Dogecoin tends to climb after testing key supports. Some analysts believe that holding this level could lead to a breakout toward the $0.20–$0.30 range in the near term. Crypto analyst Ali Martinez has weighed in, stating that Dogecoin’s price is following an ascending parallel channel. He believes that if the $0.16 support holds, the meme coin could surge toward $2.74 or even as high as $6.24 in a strong bullish scenario. However, a breakdown below this level could invalidate this outlook and send the price lower. #Dogecoin $DOGE is nearing a crucial support level at the lower boundary of this channel. Holding above $0.16 could fuel a strong rebound! pic.twitter.com/foCUdbnTFZ — Ali (@ali_charts) March 9, 2025 Traders Adjust Price Targets The market mood is shifting. Some traders are setting their profit targets between $0.70 and $0.80, looking for another big move. Even with recent setbacks, many people still believe that Dogecoin will reach $1. Even if this seems far-fetched, anyone who recalls Dogecoin’s meteoric climb in 2021 knows that when momentum builds, it may surprise. Short-term traders, meanwhile, are exercising caution and holding off on making significant trades until they receive clear signs. The course of the next few days may determine if Dogecoin continues to trend upward or remains in its present range. History Hints At A Possible Rally Dogecoin’s past performance shows a pattern of major price swings after testing strong support zones. After going up from key marks in 2017 and 2021, the coin made a lot of money. If things keep going the way they are, some experts think Dogecoin could go over $1.75 in its next bull run. Still, it’s never easy to tell how crypto will move. External factors, such as how the market feels, Bitcoin’s price movement, and broader economic trends, will also affect the meme coin’s price route. Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target Current Price Action Currently selling at around $0.174, Dogecoin has dropped about 7% over the previous day. The low dropped to $0.16; the intraday high hit $0.1878. The meme crypto’s market capitalization now is almost $26.23 billion. Technical indicators suggest a possible rebound, but that depends on whether buyers step in at this critical level. Featured image from Gemini Imagen, chart from TradingView

Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said. It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.” “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” Cooper Scanlon, Movement Labs’ co-founder, said in a statement. Movement is an Ethereum L2 blockchain designed using Move, a Rust-based programming language originally developed by Meta. Its public mainnet has approximately $250 million in total value locked (TVL), according to Movement. The MOVE token has a fully diluted value of around $5 billion, according to CoinMarketCap.The US Securities and Exchange Commission authorized ETFs holding Bitcoin (BTC) and Ether (ETH) to list in the US in 2024 but has not yet approved any altcoin ETFs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation,” Rushi Manche, Movement Labs’ co-founder, said in a statement. REX-Osprey has filed for a MOVE ETF. Source: SECRelated: Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrencyAltcoin ETFs aboundAsset managers are seeking the SEC’s approval to list ETFs for holding upward of half a dozen different altcoins. On March 5, asset manager Bitwise filed to list a spot Aptos ETF in the US — a token created by a team led by two former Facebook (now Meta) employees in 2022.On Feb. 25, US securities exchange Nasdaq requested to list a Grayscale ETF holding the Polkadot network’s native token, DOT (DOT). Other altcoin ETFs awaiting approval include those holding Litecoin (LTC), Solana (SOL) and Official Trump (TRUMP), among others. US President Donald Trump, who started his second term in January, said he wants America to become the “world’s crypto capital” and has appointed pro-crypto leaders to key regulatory agencies, including the SEC. Bloomberg Intelligence has set the odds of the SEC approving Solana and Litecoin ETFs at 70% and 90%, respectively. Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said. It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.” “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” Cooper Scanlon, Movement Labs’ co-founder, said in a statement. Movement is an Ethereum L2 blockchain designed using Move, a Rust-based programming language originally developed by Meta. Its public mainnet has approximately $250 million in total value locked (TVL), according to Movement. The MOVE token has a fully diluted value of around $5 billion, according to CoinMarketCap.The US Securities and Exchange Commission authorized ETFs holding Bitcoin (BTC) and Ether (ETH) to list in the US in 2024 but has not yet approved any altcoin ETFs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation,” Rushi Manche, Movement Labs’ co-founder, said in a statement. REX-Osprey has filed for a MOVE ETF. Source: SECRelated: Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrencyAltcoin ETFs aboundAsset managers are seeking the SEC’s approval to list ETFs for holding upward of half a dozen different altcoins. On March 5, asset manager Bitwise filed to list a spot Aptos ETF in the US — a token created by a team led by two former Facebook (now Meta) employees in 2022.On Feb. 25, US securities exchange Nasdaq requested to list a Grayscale ETF holding the Polkadot network’s native token, DOT (DOT). Other altcoin ETFs awaiting approval include those holding Litecoin (LTC), Solana (SOL) and Official Trump (TRUMP), among others. US President Donald Trump, who started his second term in January, said he wants America to become the “world’s crypto capital” and has appointed pro-crypto leaders to key regulatory agencies, including the SEC. Bloomberg Intelligence has set the odds of the SEC approving Solana and Litecoin ETFs at 70% and 90%, respectively. Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

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Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency. Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies.At the same time, Carney has said in his platform for the upcoming 2025 federal elections that he wants to make Canada a leader in emerging technologies, including “AI, tech, and digital industries.”Carney’s previous statements, along with the US trade war on its former trading partners, have raised questions over the Prime Minister-designate’s economic platform and what part, if any, crypto will play.Bitcoin a “poor store of value”While serving as governor of the Bank of England, Carney criticized the seminal cryptocurrency Bitcoin as being insufficient in fulfilling all three of the functions of a currency: a store of value, a medium of exchange and a unit of account. Functions of money. Source: Bank of EnglandAddressing the question “How well do cryptocurrencies fulfill the roles of money?” he said, “The long, charitable answer is that cryptocurrencies act as money, at best, only for some people and to a limited extent, and even then only in parallel with the traditional currencies of the users.”“The short answer is they are failing.”He also shared his concern over private stablecoins in the 2021 Andrew Crockett Memorial lecture. Carney stated that private stablecoins need a regulatory model with “equivalent protections to those for commercial bank money,” like liquidity requirements, central bank eligibility and means to compensate depositors. He also stated that a system that contains multiple competing stablecoins can “fragment the liquidity of the monetary system and to detract from the role of money as a coordination device.”Carney contended that a central bank digital currency (CBDC), particularly a retail CBDC with API access to regulated, private firms — could prevent such fragmentation from happening, in addition to more common pro-CBDC arguments like expedited settlement times. Carney calls for crypto regulation, not to stifle innovation In a Bloomberg interview in 2018, Carney said that he wanted to bring the cryptocurrency space up to standard with the rest of the financial industry. He said at the time that there was “lots of temptation” for market manipulation, fraud and other misconduct on crypto exchanges. “The best of the cryptocurrencies, I would suggest, will gravitate to the best of the exchanges if they’re regulated,” he said.Related: National Bank of Canada hints at bearish take on BitcoinCarney further claimed that it’s a good thing if some cryptocurrencies “fall by the wayside” with regulation. “It is a privilege to be part of the financial system, to be connected to the financial system. And responsibilities come with those privileges,” he said.Despite his more skeptical comments toward cryptocurrencies, Carney said in his 2018 speech that policymakers should be careful not to stifle innovation. He said that the “underlying technologies are exciting” and that lawmakers shouldn’t restrain solutions that can “improve financial stability; support more innovative, efficient and reliable payment services as well as have wider applications.”Carney is also supportive of implementing other emerging technologies in government administration and making Canada more competitive in tech. His platform aims to reduce inefficiencies with AI and machine learning and “build a highly competitive, technology-enabled public service.”Canada election looms against pro-crypto candidateThe Canadian federal elections are slated to happen no later than Oct. 20, 2025, and could be called even earlier. Carney will face Conservative frontrunner Pierre Poilievre, who himself has made a number of pro-crypto statements. In 2022, he posted on X that he wanted to make Canada a blockchain hub and “expand choice, lower costs of financial products, [and] create thousands of jobs.”During the Conservative Party’s leadership election, he said that cryptocurrencies would let Canadians “take control” of their money.Related: Why Pierre Poilievre may not be Canada’s crypto saviorStill, observers of the Canadian crypto industry and Canadian politics have told Cointelegraph that crypto is unlikely to be a major factor in the upcoming elections, unlike its neighbor to the south. Morva Rohani, executive director of the Canadian Web3 Council nonprofit trade association, told Cointelegraph, “The reality is that most Canadians are either indifferent or skeptical about crypto, and larger issues like the affordability crisis, housing, inflation and immigration dominate the political conversation.”Added to those economic concerns is the trade war with the US, which started when President Donald Trump imposed tariffs on Canada, Mexico and China — three of his country’s major trading partners. Trudeau’s response to Trump’s tariff threats has seen the Liberals close their gap in the polls, which earlier this year showed the Conservatives as decisively ahead. Carney’s response to the US’ hostile economic policies may be more of a key factor to victory than his stance on cryptocurrencies. Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency. Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies.At the same time, Carney has said in his platform for the upcoming 2025 federal elections that he wants to make Canada a leader in emerging technologies, including “AI, tech, and digital industries.”Carney’s previous statements, along with the US trade war on its former trading partners, have raised questions over the Prime Minister-designate’s economic platform and what part, if any, crypto will play.Bitcoin a “poor store of value”While serving as governor of the Bank of England, Carney criticized the seminal cryptocurrency Bitcoin as being insufficient in fulfilling all three of the functions of a currency: a store of value, a medium of exchange and a unit of account. Functions of money. Source: Bank of EnglandAddressing the question “How well do cryptocurrencies fulfill the roles of money?” he said, “The long, charitable answer is that cryptocurrencies act as money, at best, only for some people and to a limited extent, and even then only in parallel with the traditional currencies of the users.”“The short answer is they are failing.”He also shared his concern over private stablecoins in the 2021 Andrew Crockett Memorial lecture. Carney stated that private stablecoins need a regulatory model with “equivalent protections to those for commercial bank money,” like liquidity requirements, central bank eligibility and means to compensate depositors. He also stated that a system that contains multiple competing stablecoins can “fragment the liquidity of the monetary system and to detract from the role of money as a coordination device.”Carney contended that a central bank digital currency (CBDC), particularly a retail CBDC with API access to regulated, private firms — could prevent such fragmentation from happening, in addition to more common pro-CBDC arguments like expedited settlement times. Carney calls for crypto regulation, not to stifle innovation In a Bloomberg interview in 2018, Carney said that he wanted to bring the cryptocurrency space up to standard with the rest of the financial industry. He said at the time that there was “lots of temptation” for market manipulation, fraud and other misconduct on crypto exchanges. “The best of the cryptocurrencies, I would suggest, will gravitate to the best of the exchanges if they’re regulated,” he said.Related: National Bank of Canada hints at bearish take on BitcoinCarney further claimed that it’s a good thing if some cryptocurrencies “fall by the wayside” with regulation. “It is a privilege to be part of the financial system, to be connected to the financial system. And responsibilities come with those privileges,” he said.Despite his more skeptical comments toward cryptocurrencies, Carney said in his 2018 speech that policymakers should be careful not to stifle innovation. He said that the “underlying technologies are exciting” and that lawmakers shouldn’t restrain solutions that can “improve financial stability; support more innovative, efficient and reliable payment services as well as have wider applications.”Carney is also supportive of implementing other emerging technologies in government administration and making Canada more competitive in tech. His platform aims to reduce inefficiencies with AI and machine learning and “build a highly competitive, technology-enabled public service.”Canada election looms against pro-crypto candidateThe Canadian federal elections are slated to happen no later than Oct. 20, 2025, and could be called even earlier. Carney will face Conservative frontrunner Pierre Poilievre, who himself has made a number of pro-crypto statements. In 2022, he posted on X that he wanted to make Canada a blockchain hub and “expand choice, lower costs of financial products, [and] create thousands of jobs.”During the Conservative Party’s leadership election, he said that cryptocurrencies would let Canadians “take control” of their money.Related: Why Pierre Poilievre may not be Canada’s crypto saviorStill, observers of the Canadian crypto industry and Canadian politics have told Cointelegraph that crypto is unlikely to be a major factor in the upcoming elections, unlike its neighbor to the south. Morva Rohani, executive director of the Canadian Web3 Council nonprofit trade association, told Cointelegraph, “The reality is that most Canadians are either indifferent or skeptical about crypto, and larger issues like the affordability crisis, housing, inflation and immigration dominate the political conversation.”Added to those economic concerns is the trade war with the US, which started when President Donald Trump imposed tariffs on Canada, Mexico and China — three of his country’s major trading partners. Trudeau’s response to Trump’s tariff threats has seen the Liberals close their gap in the polls, which earlier this year showed the Conservatives as decisively ahead. Carney’s response to the US’ hostile economic policies may be more of a key factor to victory than his stance on cryptocurrencies. Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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Bitcoin ETFs experienced a net weekly outflow of $799 million, marking the fourth consecutive week of outflows. Ether ETFs also faced challenges, recording a net outflow of $120 million. Crypto ETFs Continue to Experience Significant Outflows In the week spanning Mar. 3 to Mar. 7, bitcoin and ether ETFs experienced significant net outflows, reflecting a […]

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Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be much better than the recent performance of Bitcoin.However, not everyone is bullish on Bitcoin in the near term. BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said in a post on X that Bitcoin could retest $78,000 and even below $75,000. He added that Bitcoin’s price action could become violent if it drops in the $70,000 to $75,000 zone as a lot of Bitcoin open interest is stuck in that range.Daily cryptocurrency market performance. Source: Coin360Meanwhile, short-term investor sentiment remains bearish. According to CoinShares data, cryptocurrency exchange-traded products (ETPs) witnessed $876 million in outflows last week, taking the four-week total outflows to $4.75 billion. Bitcoin ETPs recorded the lion’s share of outflows at $756 million.Can Bitcoin start a recovery from the current levels, pulling altcoins higher? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index (SPX) turned down from the 20-day exponential moving average (5,900) on March 3 and broke below the 5,773 support on March 6, completing a double-top pattern.SPX daily chart. Source: Cointelegraph/TradingViewThe index bounced off the 5,670 level on March 7, but the bears successfully defended the breakdown level of 5,773. The index turned down and broke below the 5,670 support on March 10, opening the doors for a fall to 5,400.Buyers will have to push and sustain the price above 5,773 to suggest solid demand at lower levels. The index could then rise to the 20-day EMA, which is again expected to act as a strong resistance. US Dollar Index price analysisThe US Dollar Index (DXY) turned down sharply on March 3 and continued lower, breaking below the 105.42 support on March 5.DXY daily chart. Source: Cointelegraph/TradingViewThe fall below 105.42 suggests that the breakout above 108 may have been a bull trap. Buyers are trying to defend the 103.73 level, but the relief rally is expected to face selling at the 20-day EMA (106.03). If the price turns down from the current level or the 20-day EMA, it will suggest a negative sentiment. That increases the risk of a break below 103.37. If that happens, the index may plunge to 101.Buyers have an uphill task ahead of them. They will have to push and maintain the price above the 20-day EMA to clear the path for a rally to 108.Bitcoin price analysisBTC price broke below the support line of the symmetrical triangle pattern on March 9, indicating that the sellers have overpowered the buyers.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls are trying to defend the $81,500 to $78,258 support zone, but the recovery attempt faced selling at the breakdown level on March 10. That suggests the bears are trying to flip the support line into resistance. If the price skids below $78,258, the BTC/USDT pair could collapse to $73,777.Buyers are likely to have other plans. They will try to defend the support zone and push the price above the 20-day EMA ($88,605). If they manage to do that, the pair could rally to the resistance line.Ether price analysisEther (ETH) fell and closed below the vital $2,111 support on March 9, signaling the start of the next leg of the downtrend.ETH/USDT daily chart. Source: Cointelegraph/TradingViewBuyers tried to push the price above $2,111 on March 10, but the long wick on the candlestick suggests solid selling by the bears. There is minor support at $1,993, but if the level cracks, the ETH/USDT pair could sink to $1,750 and eventually to $1,550.Related: Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022The bulls will have to push and maintain the price above the 20-day EMA ($2,329) to signal that the break below $2,111 may have been a bear trap. The pair could then rally to the 50-day SMA ($2,711).XRP price analysisXRP (XRP) continues to slide toward the crucial support at $2, suggesting that the bears are trying to seize control.XRP/USDT daily chart. Source: Cointelegraph/TradingViewA break and close below $2 will complete a bearish head-and-shoulders pattern. There is minor support at $1.77, but the level is likely to be broken. If that happens, the XRP/USDT pair could plunge toward $1.28.Related: Is XRP price going to crash again?Contrary to this assumption, a solid bounce off $2 will signal that the bulls are vigorously defending this level. The 20-day EMA ($2.40) is likely to act as a stiff hurdle, but if the bulls prevail, the pair could reach $2.80.BNB price analysisBNB’s (BNB) failure to rise above the 20-day EMA ($601) attracted another round of selling on March 9, pulling the price below $546.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe down-sloping moving averages and the relative strength index (RSI) in the negative zone suggest that the path of least resistance is to the downside. If the price maintains below $546, the BNB/USDT pair could plummet to $500. Buyers are expected to aggressively defend the zone between $500 and $460.The 20-day EMA is the first significant resistance to watch out for on the upside. If this level gets taken out, the pair could rise to the 50-day SMA ($633). A close above the 50-day SMA signals a short-term trend change.Solana price analysisSolana (SOL) broke below the uptrend line on March 9 and reached the strong support zone between $120 and $110.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls are expected to fiercely defend the support zone, but the relief rally could face selling at the 20-day EMA ($150). If the price turns down sharply from the 20-day EMA, the $110 level will be at risk of breaking down. If that happens, the SOL/USDT pair could decline to $100 and later to $80.Instead, if the price rises from the current level and breaks above the 20-day EMA, it will suggest solid buying near the support zone. The pair could then climb to the 50-day SMA ($188).Dogecoin price analysisDogecoin (DOGE) fell below the $0.18 support on March 9, indicating the resumption of the downtrend.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe down-sloping moving averages and the RSI in the oversold territory suggest that bears have the upper hand. The 20-day EMA ($0.21) is the critical overhead resistance to watch out for. If the price turns down sharply from the 20-day EMA, the DOGE/USDT pair could sink to $0.14.Alternatively, a break and close above the 20-day EMA will be the first sign that the selling pressure is reducing. The pair could climb to the 50-day SMA ($0.26), which may also act as a stiff resistance.Cardano price analysisCardano (ADA) fell below the moving averages on March 8, indicating aggressive selling by the bears.ADA/USDT daily chart. Source: Cointelegraph/TradingViewBoth moving averages have started to turn down, and the RSI has slipped into negative territory, indicating that the bears have a slight edge. The support on the downside is at $0.58 and then $0.50.Any relief rally is likely to face selling at the moving averages. Buyers will have to push and maintain the price above the moving averages to signal a comeback. The ADA/USDT pair could then rise toward $1.02.Pi price analysisPi (PI) fell to the 61.8% Fibonacci retracement level of $1.20 on March 9, indicating that the bears have kept up the pressure.PI/USDT daily chart. Source: Cointelegraph/TradingViewBuyers are trying to start a recovery, but the long wick on the March 10 candlestick shows selling at higher levels. That increases the risk of a break below $1.20. If that happens, the PI/USDT pair could plunge to the 78.6% retracement level of $0.72.Time is running out for the bulls. To prevent more downside, they will have to quickly push the price above the $2 overhead resistance. If they do that, it will suggest that the correction may be over.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.