BTC drops below 63,000 USDT

Algorand Foundation lays off 25% of its staff, ALGO price drops 6% to $0.09

Algorand Foundation announces 25% workforce reduction to address economic uncertainty and market weakness, causing ALGO token price to decline approximately 6%, now trading around $0.09. Despite the staff reduction, network activity remains stable, with quarterly transaction volume growing 4.7%. This restructuring aims to optimize resources and ensure long-term sustainability. Overall, it reflects the pressure and adaptation trends in the crypto market.

Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure

Against the backdrop of Middle East geopolitical tensions, Bitcoin has faced a comprehensive sell-off with nearly all coin holders turning to net selling, most notably among retail investors. According to Glassnode data, the cumulative trend score has dropped to 0.04, indicating heavy selling pressure in the market. Small-cap holders and mid-sized investors are showing significant selling intensity, while whales, though reducing their holdings, are doing so at a lower rate. Despite the dismal data, Bitcoin continues to demonstrate resilience against declines.

CryptoQuant: Bitcoin and Gold Correlation Falls to Nearly 4-Year Low, Showing Clear Divergence in Trends

The correlation between Bitcoin and gold has fallen to its lowest level since November 2022, showing a clear divergence in their trajectories. Despite Bitcoin's recent rebound to $70,000, bearish pressure is intensifying, and investors need to monitor key support levels and gold price movements to gauge market direction.

XRP breaks through $1.5 neckline, key EMA resistance determines short-term trend, potential to test $2

XRP recently broke through the $1.5 resistance level, creating a new closing high. Analysts point out that the short-term support level is at $1.5, which needs to hold to continue the uptrend. If this level breaks, the $1.42 support can be referenced as an alternative. A breakout above three EMAs is needed to confirm a bullish reversal. Market participants should pay attention to price movement and changes in technical indicators.

Hyperliquid Price Jumps 22% as Commodity Trading Hits Record

Key Insights: Hyperliquid surged over 20% weekly, driven by record commodity futures trading volumes, especially oil and silver contracts, gaining strong traction among traders. Whale activity surpassed $3.6 billion in leveraged positions, boosting liquidity and reinforcing upward momentum a

Bitcoin Falls Below $70,000: PPI Exceeds Expectations + Powell's Hawkish Stance, Rate Cut Expectations Dampened

On March 19, Bitcoin pulled back to a key support zone due to unexpected U.S. inflation data and hawkish signals from Federal Reserve Chair Powell, declining over 4.6% and currently trading near $70,800. Market expectations for rate cuts have cooled, with the total crypto market cap declining to approximately $2.51 trillion and sentiment remaining cautious. If Bitcoin breaks below $70,000, it could potentially decline further to $65,000. Market momentum is highly dependent on macroeconomic factors.