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Cardano Whales Sell $170M ADA as Treasury Proposes Bitcoin Shift

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  • Cardano whale wallets reversed course after short-term accumulation, dumping 270 million ADA worth over $170 million.
  • A proposal to convert $100 million of Cardano’s treasury into Bitcoin and stablecoins sparked market-wide uncertainty.
  • Technical patterns signal the risk of ADA falling to $0.50, amplifying fears of a broader altcoin correction.
  • Charles Hoskinson assured that any treasury sales would be done OTC to limit price disruption and support DeFi growth.

Cardano finds itself at the center of fresh volatility this week as large-scale ADA holders dramatically shift their stance, triggering renewed concerns over the cryptocurrency’s near-term stability. According to a recent tweet by Ali Martinez, institutional-sized wallets, those holding between 100 million and 1 billion ADA, initially resumed accumulation earlier this week, adding a staggering 120 million ADA in just 48 hours. But the optimism was short-lived.

image 170 1

Renowned crypto analyst Ali Martinez revealed that these same whale-tier investors reversed course almost immediately. In less than a week, they unloaded over 270 million ADA, equating to more than $170 million in fiat value. This significant sell-off has placed downward pressure on Cardano’s price, which dropped from a local high of $0.71 to a low of $0.62 before staging a slight rebound to $0.636 at the time of reporting.

image 170 3

Whale liquidations of this scale often set off a chain reaction, prompting smaller investors to follow suit in anticipation of further declines. The result? Amplified volatility and negative sentiment across Cardano’s ecosystem.

Cardano Risks $0.50 Drop as Treasury Eyes Bitcoin

Analysts are also keeping a close eye on technical indicators. A looming head-and-shoulders pattern, currently in the process of breaking down, could push ADA toward the $0.50 mark if not invalidated soon. Some fear this could spark a broader sell-off across altcoins with similar setups.

image 172

While part of the market drawdown may be attributed to wider geopolitical unrest, particularly the growing tension between Iran, Israel, and the United States, internal factors within the Cardano ecosystem have also added to the uncertainty.

Earlier this week, Charles Hoskinson, Cardano’s founder, and CEO of IOG (Input Output Global), proposed a controversial idea: reallocating $100 million worth of ADA from the treasury into Bitcoin and stablecoins. The goal, he explained, was to strengthen Cardano’s DeFi infrastructure and ensure long-term sustainability.

Cardano Treasury Plan Sparks Market Fear

The proposal sparked a flurry of responses across the crypto community. Supporters saw it as a strategic step toward bolstering network utility and interoperability, while critics raised alarms about the potential impact on ADA’s market price, arguing that such a divestment could exacerbate already fragile sentiment.

Hoskinson, however, swiftly addressed the concerns. In a public statement, he clarified that any treasury sale would be conducted off-market through OTC (over-the-counter) deals, specifically targeting institutional buyers. This, he claimed, would mitigate market disruption.

“The belief that Cardano DeFi is improving will offset the sale volume of ADA from a modest divestment (and yes, this is modest),” Hoskinson emphasized, attempting to restore confidence.

Still, with whales now pulling back, technicals flashing warning signs, and the community divided over treasury strategy, Cardano enters a critical moment. Whether ADA finds stability or faces deeper correction will likely depend on how effectively the project navigates both external headwinds and its growing pains.

Related | Ripple-SEC Case Update: Joint Motion Seeks $125M Escrow Resolution

Altcoins Set to Surge: Bitcoin’s Record High Could Boost Ethereum & More

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  • Bitcoin nearing new highs sparks bullish altcoin surge, with Ethereum, Solana, and Chainlink leading the way.
  • Altcoins poised for a major squeeze as Bitcoin stabilizes, marking the beginning of altseason in crypto markets.
  • Ethereum’s expansion and strong fundamentals position it for substantial growth as altcoins prepare for a price jump.

With Bitcoin getting close to setting a new record high, altcoins could start to soar. Crypto Banter has reported that the market instability has ended, and the bulls are actively participating again. While Bitcoin leads, people expect altcoins to follow by experiencing a jump in their prices. 

Because of Bitcoin’s rise, a large number of short positions have been liquidated. According to experts, altcoins are likely to experience another squeeze, marking the arrival of altseason. When Bitcoin gets close to its peak, some people will move their attention to Alts, which may experience big price rises. There is also a good chance that Ethereum, Solana, and Chainlink will lead the gains.

Ethereum and Altcoins Set to Rise Amid Market Surge

Ethereum’s network is expanding, which has led investors and traders to pay more attention to it. People in the industry are optimistic about the token after noticing it has moved higher in price. Along with other cryptocurrencies, Solana and Chainlink are likely to rise as the broader market gains momentum. Because of their strong fundamentals, these altcoins are suited to benefit from the surge ahead.

Even with the fun surrounding ALTS, many still have some concerns. Memecoin growth could cause more changes in the market. Many retail investors are interested in meme coins, which can make their prices fluctuate for a short time. In any case, experts indicate that stable cryptocurrencies are the ones most likely to thrive during an altseason.

As the price of Bitcoin gets closer to its highest point, the market is expecting another sharp rise. Traders are looking for Bitcoin to overcome major resistance barriers in the near future. 

If that occurs, ALTS are anticipated to continue rising in value. Ethereum’s trend in the market indicates that it would perform well if the sentiment turns more positive. As of press time, Ethereum is trading at $2,816, up by 6.04% over the past day.

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Source: TradingView

Altcoins Poised for Growth Amid Rising Market Momentum

Altcoins are now ready for a big surge in price. A variety of altcoins have been doing well, as many have managed to rise above important resistance points. Ethereum specifically is showing clear signs that it may rise soon. Other important tokens such as Solana and Chainlink are predicted to increase as well, which will benefit altcoin traders.

Altseason shows all the signs of beginning. The price of Bitcoin is almost reaching its record level, followed by a rise in most altcoins. Those who are anticipating the trend can gain advantages from the rise. As the weeks pass, investors should closely monitor the market to maximize their profits.

Read More: Bitcoin Legal Tender in Paraguay? Government Denies Shocking Claim

Coinbase Adds Fartcoin and Subsquid Signaling Bullish Altcoin Moves

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  • Coinbase added Fartcoin (FARTCOIN) and Subsquid (SQD) to its listing roadmap, signaling potential future trading support pending technical and market conditions.
  • Fartcoin, a meme coin on Solana, surged nearly 18% after the announcement, with trading volume more than doubling to $411 million.
  • Recent Exchange roadmap additions often precede short-term price spikes and fast listings, as seen with PancakeSwap (CAKE) and Ethena (ENA).

Coinbase, the largest U.S.-based cryptocurrency exchange by trading volume, is expanding its horizon, this time, adding a splash of humor and innovation to its asset pipeline. The platform has officially included Fartcoin (FARTCOIN) and Subsquid (SQD) in its listing roadmap, signaling potential future support pending further assessments.

This inclusion doesn’t guarantee immediate trading, but it does place both tokens in Coinbase’s spotlight, which historically serves as a bullish signal for altcoin investors. According to the exchange, actual trading support will depend on two key factors: sufficient market-making support and the integration of necessary technical infrastructure. If those conditions are satisfied, the Exchange will announce a formal launch date.

Fartcoin is its name, is a meme-inspired cryptocurrency built on the Solana (SOL) blockchain. While its branding leans into internet culture absurdity, its market performance has been anything but a joke. After Coinbase’s announcement, FARTCOIN jumped 14% before correcting slightly. At the time of publication, it was trading at $1.06, reflecting a 17.94% net gain on the day.

FARTCOIN 1D graph coinmarketcap

Even more telling is its 24-hour trading volume, which skyrocketed by over 100%, reaching $411 million. That surge propelled the token to #6 on CoinGecko’s list of trending cryptocurrencies, showing that even in a competitive market, a well-timed meme can punch above its weight.

Coinbase shared the SPL (Solana Program Library) contract address for Fartcoin as: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump

Subsquid Surges after Coinbase adds it to Roadmap

In contrast, Subsquid (SQD) is a more technically oriented asset, representing a decentralized data lake and query engine running on Arbitrum (ARB). Though less flashy, the project aligns with growing interest in decentralized data access and Web3 infrastructure.

After its inclusion on Coinbase’s roadmap, SQD saw a 9% spike, at press time, Subsquid is trading at $ 0.2075 with a 24-hour trading volume of $ 6.40M and a market cap of $ 123.49M. The SQD price decreased -3.93% in the last 24 hours.

SQD 1D graph coinmarketcap

While not as dramatic as FARTCOIN, the move affirms Coinbase’s continued interest in supporting emerging infrastructure plays alongside trending tokens. Subsquid’s Arbitrum contract address is: 0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1

Coinbase’s roadmap additions have become a notable indicator for short-term price action in the altcoin space. This announcement follows similar moves, including the recent inclusion of PancakeSwap (CAKE) and Ethena (ENA). CAKE initially rose 5.8% before falling to $2.20, marking a 6.8% drop. ENA, however, transitioned swiftly from roadmap to live trading, reflecting how quickly things can move once technical readiness is confirmed.

ENA Launch Signals Rapid Listings on Coinbase

In ENA’s case, the Exchange announced: “Trading will begin on or after 9 AM PT on 5 June 2025, if liquidity conditions are met… Support for ENA may be restricted in some supported jurisdictions.” This rapid listing pattern may foreshadow what’s ahead for both FARTCOIN and SQD.

Coinbase’s latest roadmap update underscores its broader strategy to cater to diverse segments of the crypto community, from retail traders drawn to viral tokens to developers and data scientists relying on Web3 infrastructure. By diversifying its asset pipeline, the exchange is aiming to stay ahead in an increasingly fragmented and fast-moving market.

Whether you’re in it for the memes or the mission, it seems the Exchange wants to have something for everyone.

Related | Filecoin Price Prediction: FIL Falls Below $2.50, Eyes Critical $2.00 Support

Bitcoin’s 2024–2025 Cycle: Is This the Start of a New Market Trend?

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  • Bitcoin’s four-year cycle, marked by halving events, has consistently influenced market trends since its inception.
  • Despite new market dynamics, the 2024–2025 cycle mirrors past trends, though some corrections show distinct patterns.
  • Bitcoin’s market suppressions may be deliberate, with major players aiming to extend the current bull cycle.

Over the years, Bitcoin’s cycle patterns have captured the attention of crypto enthusiasts and now that the market has progressed into 2024–2025, analysts are spotting known trends again. Daan Crypto Trades pointed out that the current Bitcoin cycle looks much like previous ones that have remained consistent for some time.

Typically, every Bitcoin cycle will last about four years between its highest peak and lowest trough. The pattern of this consistency is linked to the Bitcoin halving which usually happens every four years. Over the years, these cycles have typically seen prices rise and then fall again, so several people see this cycle repeating in a similar manner.

Bitcoin’s 4-Year Cycle

Despite improvements in Bitcoin, ETF additions and more attention toward the macroeconomy, Daan Crypto Trades is still cautious about major changes in the four-year pattern. He explained in his most recent post that many factors could interrupt the pattern, but he still wants to see strong proof before switching lanes.

Though this cycle has similar traits to previous cycles, it could also be different. CryptoQuant’s data indicated that during the 2017 bull market, the market’s growth was mainly through strong and fast increases followed by short-lived drops. 

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Source: X

In 2017, a corrective period lasting about six to eight months happened and now in 2024, a similar pattern is showing. This means that the general position stay the same, but the changes and times may be variable.

The trends seen in the 2021 cycle differed from what happened in previous cycles. Almost immediately, Bitcoin started correcting for a long time and the beginning of the COVID-19 pandemic led to even larger losses. Afterwards, prices went up a lot and only a few minor drops happened during this period. This proved that a big drop in the market is usually followed by a strong climb back up.

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Source: X

Frequent Corrections Hint at Market Manipulation

In the 2024–2025 cycle, Bitcoin has gone through typical drops and rallies which happens during early-stage growth. From 2024 onward, major sell-offs have happened more frequently, for example Bitcoin saw price declines in March-November 2024 and in January-April 2025. 

Corrections like these caused many altcoins to devalue which gave the market a negative mood. Although the market has struggled, Bitcoin has experienced some gains, yet there is still resistance which suggests the market is being intentionally suppressed.

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Source: X

These unwanted corrections could be a sign that major market forces want to lower prices and try to keep things steady for more time. In the end, he expects this cycle will also end with a burst of confidence, as trippy as the bubbles observed earlier in history.

Even though there are hints that the next cycle could be unusual, the four-year cycle is still reliable. As long as the cycle is not proven to have stopped, many people, including Daan, will continue to follow the methods of previous years.

Read More: Crypto Volatility Ahead: $13B in Tokens Set to Release Across Key Sectors

Altcoins Massive Gains on the Horizon after MACD Crossover

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  • Market observers expect a rally for altcoins since the MACD crossing indicates signs of higher returns.
  • The altcoin market is now at the top point of a triangular wedge shape, indicating a big price change could happen soon.
  • Analysts are confident that a breakthrough in this market could result in generational wealth for those who invest.

Analysts are warning of an upcoming boom for altcoins, which are crypto assets other than Bitcoin. According to MerlinTheTrader, an experienced trader on X, the altcoin market is experiencing a “bullish” phase, as indicated by the weekly MACD (Moving Average Convergence Divergence) chart.

The Bullish MACD Crossover Could Get the Altcoins Rally Started

This indicator is showing a sign that prices could move up in the near future. It pointed out that previous years saw significant gains for altcoins, 150% in 2023 and 90% in 2024, so the same might happen in 2025.

The picture from MerlinTheTrader shows a line chart that records the market cap of all altcoins. A green box is placed over the latest upward trend, which implies there might be a 150% increase if the situation repeats.

Under the main chart, the lines from the MACD graph are shown moving upward and are marked with green circles that say “Bullish Crossover.” The market is displaying signs that it is coming out of a slowdown and moving toward growth.

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Source: X (@MerlijnTrader)

Altcoins Near Critical Breakout or Breakdown

In a separate post, the analyst shared a chart that shows that altcoins have been stuck in a pattern of consolidation for four years. As a result, the prices of cryptocurrencies have been holding steady, and this makes analysts predict that pressure is building.

The trend takes a triangular shape called a “wedge” as the gap between prices has become smaller. Merlijn The Trader notes that the market has reached the “apex” of the wedge, which means a big price move is about to happen.

The value of these altcoins could either surge upward or drop sharply, depending on which direction the market breaks. The total market cap of altcoins, according to the chart, is currently around $432.48 billion, down 4.87% recently.

Despite this dip, the trader remains optimistic, stating that what happens next might set the tone for the entire cryptocurrency market for years to come. The trader also emphasizes the potential for “generational wealth,” meaning that those who invest wisely during this period could see significant returns if the market breaks upward.

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Source: X (@MerlijnTrader)

Bitcoin Dominates Crypto Market in Q1 2025 as Ethereum and Altcoins Struggle

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  • Bitcoin dominance reached 59.1% in Q1 2025, marking a significant market shift.
  • Ethereum fell 45.3% in Q1 2025, erasing all 2024 gains amid market turmoil.
  • Q1 2025 saw $633.5B wiped from total crypto market cap, down 18.6% from January.

The cryptocurrency market showed a substantial drop in value during the first quarter of 2025 following the positive outlook of late 2024. According to data from CoinGecko’s 2025 Q1 Report the total market capitalization dropped 18.6% from its mid-January peak value of $3.8 trillion to $2.8 trillion. The market faced a reversal demonstrating a contrast from the time preceding Donald Trump’s presidential inauguration. According to market statistics, the average daily trading volume experienced a 27.3% fall to $146 billion.

Bitcoin Strengthens Its Market Share Amidst Altcoin Struggles

Despite the overall market downturn, Bitcoin (BTC) strengthened its position, increasing its dominance to 59.1%, a level not seen since early 2021. Bitcoin’s dominance surged as altcoins, particularly Ethereum, took a harder hit. Bitcoin reached an all-time high of $106,182 in January, just after the inauguration, but subsequently retreated by 11.8% to close Q1 at $82,514. 

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Source: CoinGecko

In comparison, gold and U.S. Treasuries outperformed Bitcoin during this period, reflecting the growing appeal of safer assets amidst economic uncertainty. The price of Ethereum (ETH) experienced a 45.3% collapse that wiped out all its gains in 2024.

The cryptocurrency market experienced new trends, as revealed by Ethereum’s performance. The significant price decline of Ethereum caused its dominance to hit 7.9%, which marked its lowest performance since late 2019. In addition, the decrease in Ethereum’s market share was not unexpected as it coincides with the trend towards Layer 2 solutions and decreasing activity on Ethereum mainnet. 

The cryptocurrency market experienced new trends, as revealed by Ethereum’s performance. Ethereum’s significant price decline caused its dominance to hit 7.9%, which marked its lowest performance since late 2019. 

In addition, the decrease in Ethereum’s market share was not unexpected as it coincides with the trend towards Layer 2 solutions and decreasing activity on Ethereum mainnet. Additionally, despite the market difficulties, stablecoins like Tether (USDT) and USD Coin (USDC) gained ground as investors sought more stable options during the turbulent period.

Meme Coins and DeFi Experience Sharp Decline

The broader decline also affected the once-booming meme coin sector. The meme coin market was initially started by political influence, including the launch of Trump-related meme coins. However, the market experienced a drop in activity following the crash of the Libra token. Launched by Argentinian President Javier Milei, this token had a dramatic price plunge after developers rug-pulled the project. 

By the end of Q1, investor confidence in meme coins had declined substantially because of this incident, leading to a more than 56% fall in daily token deployments on pump.fun.

Meanwhile, the decentralized finance (DeFi) sector faced a significant drop in total value locked (TVL) to $48.9 billion in Q1 representing a 27.5% decrease. Ethereum’s dominance over the DeFi market segments declined to 56.6% by the end of the quarter. 

Despite these fluctuations, Solana maintained its status as the market leader by establishing itself as a leading entity in decentralized exchange (DEX) trading during this period. DEX trading on Solana reached 39.6% market share during Q1 mainly due to meme coin popularity, which started declining in the later quarter.

USDT Dominance Rejection Signals Bullish Momentum for Bitcoin and Altcoins

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  • USDT dominance faces resistance at the 200-day moving average, possibly paving the way for a Bitcoin and altcoin rally.
  • A falling wedge pattern in USDT.D indicates a potential bullish breakout, boosting market sentiment.
  • Bullish RSI signals in Bitcoin and altcoins, along with a rising M2 money supply, suggest a market reversal despite bearish sentiment.

USDT Dominance (USDT.D) has encountered a critical resistance level, potentially setting the stage for a shift in the crypto landscape. Crypto Patel, a prominent market analyst, highlighted the rejection of USDT.D at the 200-day moving average for the second time, predicting that this could mark the beginning of a downtrend.

With USDT losing dominance, Patel suggests that this decline could provide the necessary fuel for a potential bullish rally in Bitcoin (BTC) and altcoins. Patel’s observations are reinforced by the formation of a falling wedge pattern in the USDT.D chart, a structure typically associated with bullish breakouts.

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USDT Dominance Rejection Signals Bullish Momentum for Bitcoin and Altcoins 14

He noted that this pattern is likely to result in a downward movement toward the wedge support, which could have a positive effect on the broader crypto market. The weakening of USDT dominance opens up the opportunity for Bitcoin and other altcoins to gain significant upward momentum, as more liquidity flows into these assets.

Key Signals for Market Reversal

Market commentator Sykodilec also provided a detailed analysis, stressing that the current technical indicators align with the potential for a major market turnaround. His key observations include:

  • BTC Weekly RSI showing bullish momentum
  • TOTAL market cap RSI indicating upward movement
  • USDT.D RSI turning negative
  • Bearish divergence in BTC.D (Bitcoin Dominance)
  • Positive RSI signals in altcoin markets (OTHERS.D)

These technical setups, combined with rising M2 money supply, suggest that the conditions are ripe for a market reversal. However, Sykodilec points out that the prevailing market sentiment is highly bearish, with many investors skeptical about any potential price increases.

The Market’s Psychological Cycle: Disbelief Before Euphoria

The current market sentiment reflects a classic case of disbelief, which often marks the bottom of bear markets. According to Sykodilec, this is a key indicator of an upcoming bullish breakout. As he put it, “Bull markets do not end with despair, they end with euphoria.” The pervasive sense of negativity among investors could signal the calm before the storm, with a potential rally on the horizon that will catch many off guard.

Sykodilec added that at this point in the market cycle, many investors have become conditioned to expect further declines, leading to a sense of hopelessness. This mindset, however, could set the stage for an explosive move to the upside, as it mirrors the classic disbelief phase before a market surge.

Why Bitcoin and Altcoins Are Set to Benefit

With USDT dominance on the decline and positive technical signals across the crypto market, Bitcoin and altcoins could be poised for a significant rally. BTC’s Weekly RSI, falling wedge pattern in USDT.D, and the rising M2 money supply all suggest that the market could soon see a shift in momentum. The overall market structure indicates that the end of the bear market may be near, and a new bullish phase could be beginning.

As USDT.D faces rejection and Bitcoin’s technical indicators improve, the crypto market is on the verge of a potential breakout. The combination of USDT’s weakening dominance, bullish RSI patterns, and a rising money supply presents a promising outlook for both Bitcoin and altcoins. While the market sentiment remains bearish for now, the signs point to a possible bull market rally in the coming months.

Read More : Ethena (ENA) Drops 63% to $0.44: Bullish Patterns Signal a Reversal Towards $1.2

U.S. Adopts Bitcoin as Reserve Asset, Stockpiles XRP and Altcoins

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  • President Donald Trump signed an executive order making Bitcoin the sole U.S. strategic digital asset reserve.
  • The U.S. government holds 198,109 BTC ($17.33B) and aims to expand reserves without taxpayer burden.
  • A digital asset stockpile will include XRP, Ethereum, Solana, and Cardano, but no expansion planned.

On March 7, 2025, President Donald Trump signed a sweeping executive order that cements Bitcoin as the United States’ sole strategic digital asset reserve while establishing a national stockpile for XRP and select altcoins. The directive marks a sharp shift in federal policy toward digital assets, aiming to safeguard and maximize government-held crypto holdings.

According to the order, the U.S. government’s Bitcoin reserve will exclusively hold BTC, a move that underscores the administration’s confidence in the world’s largest cryptocurrency. David Sacks, White House AI & Crypto Czar, stated that the government will not be using taxpayer funds for this initiative. Instead, the reserve will be funded using nearly 200,000 BTC that the government acquired through criminal and civil forfeiture cases.

The U.S. government holds 198,109 BTC ($17.33 billion) and 750.22 wBTC ($65.52 million). The Trump administration aims to expand reserves without burdening taxpayers. Trump has directed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to find budget-neutral ways to acquire more BTC.

Altcoins in the U.S. Digital Stockpile

Beyond Bitcoin, the order also mandates the establishment of a separate digital asset stockpile for select altcoins. Sacks confirmed FOX Business journalist Eleanor Terrett’s report that it will include XRP, Solana (SOL), Ethereum (ETH), and Cardano (ADA)—cryptocurrencies Trump mentioned over the weekend.

Terrett clarified that the government will not seek to expand the stockpile but will explore budget-neutral Bitcoin acquisitions. The move signals a cautious approach to digital assets while prioritizing Bitcoin as the primary reserve currency.

The inclusion of XRP in the national stockpile has sparked speculation about a possible government acquisition. Analyst Blockchain Backer questioned reports of a strategic crypto reserve involving XRP, Solana, and Cardano, pointing out that the U.S. government lacks significant holdings of those assets.

Cryptoscot speculated that the government may soon acquire XRP through Ripple’s ongoing legal battle with the SEC. If Ripple settles for $125 million in XRP, federal holdings of the cryptocurrency could rise. Meanwhile, Analyst Moon Lambo suggested the government might already own small amounts of XRP, Cardano, and Solana from forfeiture cases. While possible, he noted that any holdings are likely too small to be strategic.

Government Audit to Assess Full Crypto Holdings

The executive order also mandates a full audit of all government-owned digital assets within 30 days. This review will assess the total extent of U.S. crypto holdings and ensure the proper transfer of assets into their designated reserves.

With Trump’s latest directive, the United States is taking a bold stance on digital assets, prioritizing Bitcoin as a financial stronghold while acknowledging the importance of altcoins like XRP in government stockpiles. While the move introduces uncertainty regarding the future role of altcoins, it marks a turning point in the country’s approach to cryptocurrency.

Related Readings | Trump’s Strategic Bitcoin Reserve Slashes $18 Billion of Sell-Side Pressure

SEI Defies Crypto Market Chaos: Can It Break the $0.33 Barrier?

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  • SEI has shown steady performance, rising even amid market volatility, with a 4% increase in the past week.
  • Despite market pressure, SEI has been on an uptrend, attracting traders seeking stable growth.
  • SEI faces critical resistance near $0.33, but overcoming it could signal further bullish potential.

SEI has demonstrated healthy performance in the crypto market even during different cycles of low volatility. In the past few weeks, the cryptocurrency has been on an uptrend that set it apart from most of its counterparts. Daan Crypto Trades expressed his sentiment on the upside movement on SEI in a post on X. Amid such conditions of a general market turbulence, token has been demonstrating its continued drive.

SEI Outperforms in Unstable Market

Daan observed that token has been able to increase while many other assets have been under pressure. This is even more so since the market has been characterized by this volatility in the recent past. On the other hand, SEI seemed to maintain an upward trend, unlike the other cryptocurrencies that took a long time to regain their positions. This has drawn the interests of the traders and investors who are always on the lookout for good prospects amidst volatile business climate.

At the moment, token resides at the region of a high volume in a price chart with the slope indicating a critical resistance level. The price got resistance at this area, so getting past it would open new area of possibilities. However, if token has managed to overcome this resistance, the way is paved for the next major level at close to $0.33. 

SEI’s Price Trend and Outlook

At the time of writing, token is trading at $0.2671 and has increased by 4% from the previous week.They nonetheless show a positive technical price trend in the near term. Currently, it has 4.65 billion tokens in circulation and has a market capitalization of roughly $1.24 billion.

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Source: TradingView

In the technical analysis, the $0.33 is an important resistance where the cryptocurrency is currently locked in. This, in turns, can also be seen as a victory for cryptocurrency given that the price has increased in an environment that was characterized by fluctuations in the prices of other assets. If coin manages to move above this level, then it will be signaled that the near-term bullish trend for the stock is more probable.

Bitcoin and Big Caps Take Over Post-Election: Can Ethereum Reclaim Its Lead?

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  • Bitcoin, XRP, and Solana’s rise post-election signals growing dominance, with large caps overtaking smaller coins in market share.
  • The shift to large-cap coins is seen as a positive trend, with Bitcoin acting as a safer investment amid market uncertainty.
  • Ethereum’s return to dominance is crucial for a balanced market recovery, as it has historically led altcoins’ trends and price movements.

Daan Crypto Trades highlighted that there was a significant change in the market after the recent US elections with Bitcoin and other cryptocurrencies registering high values. Since the elections, the share of BTC and the other top 100 cryptocurrencies in particular have steadily risen and continue to take more of the market.

The increase in dominance is owed to Bitcoin’s rally and other large cap alts, XRP and Solana (SOL). As synced with BTC, these coins led investors toward diverting the market share to larger and large-cap coins from small and mid-cap coins. 

Big Caps Lead Market Shift

Many of the crypto specialists consider this tendency as a beneficial factor for the development of the market and its stability. The major stake holder concentrated their stakes in bitcoin believing that it is a safer investment haven in time of high risk in the market. Thus, Bitcoin’s recovery coupled with the movements of XRP and SOL represents a clear trend of market maturity with the big fish overtaking the small fry.

However, analyst pointed out that for this trend to be viewed as healthy narrative, Ethereum (ETH) has to get back to the list of leading coins once again. In the past, ETH was one of the most representative tokens of the altcoin market, serving as a reference concerning price fluctuations and tendencies. This is an opportunity that might be viewed as missing in the current leaders’ hierarchy of the market, which can pin the high-altcoin recovery and shift the sentiment in the market.

Bitcoin Leads, Ethereum Lags

The fresh rally has been fairly impressive both for BTC and other major altcoins, however, Ethereum’s participation in a balanced approach is important. Ethereum often sets trends for the other coins to follow and without Ethereum, the altcoin market may not be able to bounce back to the exuberant rally that was witnessed in the past.

Ethereum is still the center stage as the market advances forward in the post-election era. Those interested in crypto and market analysts expect ETH to regain footing and provide a stimulus for other altcoins to also increase their value. For now Bitcoin accompanies the continued dominance, while XRP and SOL in particular give a note of optimism regarding currencies despite several remaining questions.