Coin Market

Bitcoin bottom ‘likely’ at $80K, opening door for TON, CRO, MNT and RENDER to rally

Published

3 days ago

March 30, 2025

Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635.

The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin. Puckrin said that a recession and the current macroeconomic uncertainty could put pressure on risky assets such as cryptocurrencies.

Crypto market data daily view. Source: Coin360

However, not everyone is bearish on Bitcoin in the near term. Analyst Stockmoney Lizards said in a post on X that Bitcoin’s local bottom could be between $82,000 and $80,000. The analyst anticipates Bitcoin to make a reversal next week.

If Bitcoin starts a recovery, select altcoins are likely to move higher. Let’s look at the charts of the top cryptocurrencies that are showing a bullish setup.

Bitcoin price analysis

Bitcoin’s failure to rise above the resistance line may have tempted selling by traders. The bears will try to pull the price toward the critical $80,000 support.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day exponential moving average ($85,253) is flattish, and the relative strength index (RSI) is just below the midpoint, giving a slight advantage to the bears. If the $80,000 support cracks, the BTC/USDT pair could plunge to $76,606.

On the other hand, if the price turns up from the current level or $80,000, it improves the prospects of a rally above the resistance line. If that happens, it suggests an end of the corrective phase. The pair could rally to $95,000 and then to $100,000.

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 20-EMA has turned down on the 4-hour chart, and the RSI is in the negative territory, signaling that bears are in control. If the price turns down from the current level, the pair could slide to $80,000 and then to $78,000.

Buyers will have to drive and maintain the price above the 20-EMA to signal strength. The pair may then rise to the resistance line, which is a critical resistance to watch out for. The bullish momentum is expected to begin on a break above $89,000.

Toncoin price analysis

Toncoin (TON) bounced off the moving averages on March 30, indicating a positive sentiment.

TON/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($3.58) and the RSI in the positive zone indicate advantage to buyers. The bulls will try to strengthen their position by pushing the price above $4.14. If they can pull it off, the TON/USDT pair may start a new upmove to $5 and, after that, to $5.65.

Sellers will have to yank the price below the $3.3 support to seize control. Such a move signals that bears remain sellers on rallies. The pair could plummet to $2.81 and eventually to $2.64.

TON/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair turned up from the uptrend line, indicating that the bulls are viewing the dips as a buying opportunity. The pair could reach the overhead resistance of $4.14, where the bears are expected to step in. However, if buyers pierce the resistance, the pair could start the next leg of the upmove toward $5.

The bears will be back in the driver’s seat if they sink and sustain the price below the uptrend line. The pair may then drop to $3.28.

Cronos price analysis

Cronos (CRO) broke out of the moving averages on March 24, signaling that the downtrend could have ended.

CRO/USDT daily chart. Source: Cointelegraph/TradingView

The CRO/USDT pair is facing selling near $0.12, but a positive sign in favor of the bulls is that they have not allowed the price to sustain below the $0.10 support. This suggests that buyers are trying to form a higher low. If the bulls shove the price above $0.12, the pair could rally toward $0.14.

Sellers are likely to have other plans. They will try to sink the price below the moving averages and trap the aggressive bulls.

CRO/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair has been range-bound between $0.10 and $0.12, indicating indecision between the bulls and the bears. The 20-EMA is sloping up gradually, and the RSI is just above the midpoint, giving a slight edge to the bulls. A break and close above $0.11 increases the likelihood of a rally above $0.12.

Sellers will be back in the driver’s seat if they sink and maintain the price below the 50-SMA. That could pull the pair down to $0.08.

Mantle price analysis

Mantle (MNT) failed to rise above the 50-day SMA ($0.84) in the past few days, but a positive sign is that the bulls are trying to hold the price above the 20-day EMA ($0.80).

MNT/USDT daily chart. Source: Cointelegraph/TradingView

If the price rebounds off the 20-day EMA with strength, it will suggest a change in sentiment from selling on rallies to buying on dips. That improves the prospects of a break above the 50-day SMA. If that happens, the MNT/USDT pair could ascend to $0.94 and later to $1.06.

Contrary to this assumption, if the price continues lower and breaks below $0.77, it will tilt the short-term advantage in favor of the bears. The pair may then tumble to $0.72, delaying the start of the up move.

MNT/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 4-hour chart is facing stiff resistance at $0.85. The pair may dip to $0.77, which is a critical support to watch out for. If the price rebounds off $0.77, it will signal that the bulls are buying on dips. That could keep the pair stuck between $0.77 and $0.85 for some time. A break and close above $0.85 could push the pair toward $0.95.

Sellers will have to pull the price below $0.77 to gain the upper hand. The pair could then drop toward $0.69.

Render price analysis

Render (RNDR) has been in a strong downtrend for several weeks, but the bulls pushed the price above the 50-day SMA ($3.77) on March 25, signaling demand at lower levels.

RNDR/USDT daily chart. Source: Cointelegraph/TradingView

The bears have pulled the price to the 20-day EMA ($3.57), which is an important level to watch out for. If the price rebounds off the 20-day EMA with force, the bulls will try to propel the RNDR/USDT pair to $5 and later to $6.20.

This positive view will be invalidated in the near term if the price continues lower and closes below $3.05. That signals aggressive selling at higher levels. The pair may slump to $2.83 and subsequently to $2.52.

RNDR/USDT 4-hour chart. Source: Cointelegraph/TradingView

The 20-EMA has turned down, and the RSI is in the negative territory on the 4-hour chart, indicating an advantage to sellers. A break and close below the uptrend line will further strengthen the bears, pulling the pair to $3.

The first sign of strength will be a break and close above the moving averages. That could open the doors for a rally to $4. The up move could accelerate after the pair closes above $4.20, completing a bullish head-and-shoulders pattern.

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.

Coin Market

Fidelity introduces retirement accounts with minimal-fee crypto investing

Published

13 seconds ago

April 2, 2025

Fidelity, a financial services company with $5.9 trillion in assets under management, has introduced new retirement accounts that will allow Americans to invest in crypto nearly fee-free.

The three accounts — a tax-deferred traditional IRA and two Roth IRAs (one is a rollover) — permit the buying and selling of Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). While there are no fees to open or maintain the accounts, Fidelity charges a 1% spread on the execution price of crypto buy and sell transactions.

The crypto IRAs are offered by Fidelity Digital Assets, a subsidiary of Fidelity that has traditionally offered institutional investors the opportunity to buy and sell crypto.

The broadening of its client base may be another signal of the changing crypto landscape in the United States, which has seen the adoption of a strategic Bitcoin reserve and multiple companies, including stablecoin issuer Circle, filing for an initial public offering.

Fidelity states that, for security, it holds the majority of its crypto in cold storage, which consists of crypto wallets not connected to the internet.

BTC and ETH exposure already offered for retirement accounts

While the direct purchase of cryptocurrencies in an IRA has never been strictly prohibited, few IRA providers have allowed such purchases, according to Investopedia. Therefore, Fidelity’s new IRAs may signal a change in the environment.

Still, for enthusiasts of BTC and ETH, there have been other options since 2024, such as exchange-traded funds (ETFs) of those corresponding coins.

Since the debut of those ETFs, investors in the US have been able to gain exposure to crypto markets from their retirement accounts — depending on the brokerage. There has also been the rise of Bitcoin IRAs, which are self-directed retirement accounts that offer tax advantages.

Some crypto companies offer digital-asset-specific IRAs like BitIRA, where individuals can add altcoins such as LTC to their retirement portfolios.

The move to allow more Americans to invest crypto into retirement accounts may be gaining momentum. On April 1, Alabama Senator Tommy Tuberville announced the reintroduction of a bill to allow Americans to add cryptocurrency to their 401(k)s. The process would involve scaling back regulations issued by the Department of Labor.

Magazine: X Hall of Flame: Bitcoin will ‘start ripping’ as Trump’s polls improve — Felix Hartmann

Coin Market

Curve Finance clocks $35B trading volume in Q1 2025

Published

23 seconds ago

April 2, 2025

Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volumes of nearly $35 billion in the first quarter of 2025, a spokesperson for the protocol told Cointelegraph.

Trading volumes increased more than 13% from the first quarter of 2024, largely due to a surge in transactions, from around 1.8 million to some 5.5 million in Q1 2025, Curve said.

The strong Q1 volumes come amid overall declines in the cryptocurrency market, with the total market capitalization of cryptocurrencies dropping by more than 20% in the year-to-date as of March 31, according to data from CoinGecko.

Curve’s total value locked (TVL) over time. Source: DefiLlama

Changing DeFi Landscape

Launched in 2020, Curve has taken numerous steps in the past year to keep pace with the changing decentralized finance (DeFi) landscape.

In June 2024, Curve adopted crvUSD, its stablecoin, for fee distribution to tokenholders, replacing an older model that paid holders in shares of the 3crv liquidity pool.

In November, Curve partnered with Elixir, a blockchain network, to help onboard BlackRock’s tokenized money market fund, BUIDL, to DeFi.

By the end of 2025, Curve plans to consolidate its lending markets into a single user interface and provide borrowers with more time to close positions before they are liquidated, it told Cointelegraph.

Curve founder Michael Egorov said in March that he expects many decentralized exchanges (DEXs) to evolve into bespoke platforms for stablecoins pegged to various currency denominations.

“Exchanges between stablecoins of different denominations like the euro, US dollar, and others are not yet properly solved. How to provide liquidity without losing money, but while earning a lot of money, is kind of an open question that I think will be solved soon,” Egorov said.

Despite the rise in transactions, the total value locked (TVL) on Curve’s platform is approximately $1.8 billion as of April 2, according to data from DefILlama, down from highs of roughly $2.5 billion at the start of the year.

Curve’s native token, Curve DAO (CRV), has a market capitalization of approximately $640 million at this writing, marking a more than 40% decline in the year-to-date, according to data from Cointelegraph.

Coin Market

US lawmakers press SEC for info about Trump family-backed crypto firm

Published

33 seconds ago

April 2, 2025

Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family.

In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump’s ties to World Liberty Financial (WLFI). The two lawmakers suggested the SEC may be being influenced by the firm, and “this conflict of interest may be interfering with its mission to protect investors and maintain fair and orderly markets.”

“The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight — or lack thereof — of the cryptocurrency industry, creating an obvious incentive for the Trump Administration to direct federal agencies, including the SEC, to take positions favorable to cryptocurrency interests that directly benefit the President’s family,” said the letter.

April 2 letter to acting SEC chair Mark Uyeda. Source: House Financial Services Committee

The letter came roughly a week after WLFI announced it had launched a stablecoin, USD1, on the BNB Chain and Ethereum blockchain. However, since January, Trump has followed through with several crypto policies and projects with potential conflicts of interest, including plans to establish a national cryptocurrency stockpile and the launch of a TRUMP memecoin.

According to Warren and Waters, Americans deserved transparency about Trump’s crypto ventures and how they could potentially influence policy at the SEC, a financial regulatory agency largely intended to be independent of the administration. The two called on Uyeda to preserve records and communications related to WLFI from Trump and his family, as well as communications with the SEC.

“The American people deserve to know whether their financial markets are being regulated impartially or whether regulatory decisions are being made to benefit the President’s family financial interests,” wrote the Democratic lawmakers.

The letter reiterated arguments Waters made in an April 2 House Financial Services Committee hearing. The California lawmaker said that without oversight and accountability, Trump could install WLFI’s stablecoin for government payments and profit directly from his position as president. Many other lawmakers and financial experts across the political spectrum have expressed concern over Trump’s potential conflicts of interest with the crypto industry.

SEC leadership under Trump

Since Trump appointed Uyeda as acting chair, the SEC has dropped investigations and enforcement actions into several crypto firms, including those with executives who contributed directly to the president’s 2024 campaign.

Paul Atkins, Trump’s pick to chair the SEC after Uyeda, is expected to face a vote in the Senate Banking Committee on April 3. If Atkins’ nomination moves out of committee, the full chamber will decide whether to confirm him.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions