Bitcoin Pulls Back Despite Trump’s Pro-Crypto Remarks
After climbing above $86,000 yesterday, bitcoin ( BTC) experienced a slight downturn over the past 24 hours, retreating to below $84,000 even after President Donald Trump’s bullish remarks at the Blockworks Digital Asset Summit on Thursday. Bitcoin is priced at $83,849.61 at the time of reporting, reflecting a 2.27% decrease over 24 hours and a 1.02% decline over the past week.
( BTC Price / Trading View)
Bitcoin’s 24-hour trading range fluctuated between $83,171.07 and $86,159.39. Despite a period of relative stability, the cryptocurrency saw a pullback as overall market sentiment cooled. The total market capitalization now stands at $1.67 trillion, down 2.21% from yesterday.
BTC’s dominance over the broader cryptocurrency market edged slightly higher to 61.65%, marking a 0.36% increase over the past 24 hours. However, futures market activity reflected a more cautious approach from traders. Total BTC futures open interest decreased by 3.52%, standing at $53.28 billion, according to Coinglass.
( BTC dominance / Trading View)
Liquidation data from Coinglass highlights that bullish traders suffered the most in the past 24 hours, with total liquidations amounting to $62.14 million. Long liquidations accounted for $50.42 million, while shorts saw relatively minor losses of $11.72 million. This suggests that many traders had placed optimistic bets on further price appreciation but were caught off guard by the pullback.
A major headline shaping market sentiment was former U.S. President Donald Trump’s speech at the Blockworks Digital Asset Summit in New York City on Thursday. Addressing the audience via satellite, Trump made history as the first sitting or former U.S. president to directly address a crypto conference.
During his remarks, Trump expressed a bullish stance on the digital asset sector, vowing that the U.S. would “dominate crypto and the next generation of financial technologies.” His statements were seen as a significant endorsement of the industry, particularly given the regulatory uncertainty surrounding digital assets in the U.S.
Despite the positive rhetoric, Bitcoin’s price failed to sustain upward momentum, continuing its recent trend of sideways trading. This suggests that broader macroeconomic concerns and profit-taking may be overshadowing potential optimism stemming from Trump’s remarks.
Bitcoin’s recent price action indicates that market participants remain cautious. The decline in trading volume by 32.30% over the past 24 hours suggests reduced participation and potential hesitation among investors.
Looking ahead, BTC will likely continue responding to broader macroeconomic factors, regulatory developments, and institutional investor activity. If trading volume rebounds and BTC can reclaim key resistance levels, renewed bullish momentum may emerge. Conversely, further downside pressure could lead to additional corrections in the near term.
With Trump’s pro-crypto stance now on record, the long-term implications for bitcoin and the broader digital asset market remain to be seen. However, in the short term, bitcoin appears to be grappling with market indecision as traders await further catalysts for price movement.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。
XRP Price Watch: Market Slides 5% as Bulls Fight to Hold $2.35
On the one-hour chart, XRP is experiencing bearish pressure, trading near its immediate support level at $2.356. A pullback entry is noted between $2.35 and $2.40, indicating potential buy opportunities if a reversal forms. However, the failure to break through $2.519, the recent one-hour resistance, signals persistent selling pressure. A breakdown below $2.35 with increased volume could pave the way toward the next key support at $2.22. Volume patterns suggest strong trader engagement around pivotal zones, which could determine the next short-term directional move.
XRP/ USDT via Binance 1H chart on March 21, 2025.
Zooming out to the four-hour chart, XRP’s price structure maintains a cautious stance with support observed at $2.22 and resistance at $2.59. Rejection at $2.50 or $2.60 may provide a basis for bearish entries targeting a pullback to $2.22 or lower at $1.90. The range between $2.35 and $2.40 serves as a battleground for buyers aiming to regain control. For bullish momentum to resume, a breakout above $2.50 with accompanying volume would be essential. Until then, the setup leans toward downside risk amid consolidation.
XRP/ USDT via Binance 4H chart on March 21, 2025.
The daily chart shows XRP in a broader bullish phase that is currently retracing. Key resistance is set at $2.99, while strong support lies at $1.90. Price rejection from lower highs signals weakening momentum, although higher timeframe support levels continue to hold. A return to bullish structure would require the price to reclaim $2.60 and sustain it. Traders are advised to observe whether $2.35–$2.40 can stabilize price action, serving as a launchpad for renewed upside movement.
XRP/ USDT via Binance 1D chart on March 21, 2025.
Oscillators provide mixed signals. The relative strength index (RSI) at 49.11696 indicates a neutral stance, showing no immediate overbought or oversold conditions. The Stochastic oscillator at 75.71625 and the commodity channel index (CCI) at 13.55684 both confirm neutrality. Similarly, the average directional index (ADX) at 15.80769 suggests a lack of strong trend momentum. The awesome oscillator reflects a mildly bearish sentiment at −0.01891, while the momentum indicator at 0.19053 signals negativity. The moving average convergence divergence (MACD) level at −0.02318 offers a slight bullish cue.
Moving averages tilt predominantly bearish across multiple timeframes. The exponential moving averages (EMA) for the 10, 20, 30, and 50 periods all register bearish signals, with values at $2.36365, $2.36702, $2.39475, and $2.42860 respectively. The simple moving averages (SMA) for the same periods echo the sentiment, except for the 10-period SMA at $2.34908, which signals positivity. On a longer horizon, the 100-period EMA and the 200-period EMAs at $2.30766 and $1.90464 respectively suggest bullish undercurrents, supported by the 200-period SMA at $1.70705. However, shorter-term trend indicators show more weakness, signaling caution for near-term positions.
If XRP sustains support above $2.35 and volume confirms accumulation, a bullish reversal could emerge with targets at $2.60 and potentially $2.99. Long-term moving averages remain supportive of an upward trend, indicating that the current pullback may be a healthy consolidation within a broader bullish market structure.
Failure to hold the $2.35 support, combined with rejection at the $2.50–$2.60 resistance range, may trigger further downside toward $2.22 and $1.90. Most short-term and mid-range moving averages flash sell signals, and neutral oscillator readings offer little immediate bullish confirmation, reinforcing a cautious stance.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。
XRP’s Counter-Narrative: Challenging Bitcoin’s Institutional Dominance Towards $200K
While Bitcoin aims for $200,000 by the end of 2025, XRP is emerging as a strong contender for institutional investment. Both cryptocurrencies are vying for dominance, each with unique strengths.
Analysis from Scott Melker’s firm suggests Bitcoin’s growing financial sector role gives it an edge. However, XRP’s focus on real-world payment solutions presents a compelling alternative for institutions.
Despite sustainability debates, XRP’s recent price surge shows market interest, and its unique capabilities could attract institutional investment, challenging Bitcoin’s current lead.
Bitcoin’s acceptance as a strategic reserve asset grows globally. Yet, XRP focuses on efficient, low-cost cross-border payments, a limited area for Bitcoin. While XRP’s valuation faces skepticism, its practical financial application is significant for institutions.
Bitcoin’s role as a store of value contrasts with XRP’s focus on swift, low-cost transactions via the Ripple network, offering a compelling option beyond just holding digital assets.
Related: Bitcoin Speculative Trading Loses Steam: Is Trump’s Crypto Push to Blame?
Blockchain is primarily a settlement ledger, highlighting Bitcoin’s institutional appeal. XRP uses the XRP Ledger for rapid, inexpensive transactions.
This difference could sway institutions prioritizing payment processing over secure settlement. XRP’s real-world payment utility offers a tangible advantage over Bitcoin’s store-of-value narrative.
Bitcoin’s 15-year history without downtime provides a strong foundation of credibility, a factor highly valued by financial professionals.
However, XRP, backed by Ripple, has been actively forging partnerships with financial institutions worldwide, demonstrating its potential to disrupt traditional payment systems. While Bitcoin’s reliability is a plus, XRP’s proactive approach to real-world integration presents a significant competitive advantage.
Related: Ripple CTO David Schwartz Explains Why Bitcoin Lost Its Transactional Edge
Industry leaders like Michael Saylor have been influential in driving institutional adoption of Bitcoin. Conversely, Ripple has focused on building direct relationships with financial institutions, showcasing XRP’s capabilities for improving payment infrastructure.
While Bitcoin benefits from vocal advocates, XRP’s tangible partnerships offer a concrete path to institutional integration and potential challenge to Bitcoin’s dominance.
Bitcoin’s value proposition as a trustless settlement system is compelling, but XRP’s strength lies in its ability to operate as a fast and cost-effective payment network, minimizing reliance on traditional banking intermediaries for transactions.
As central banks consider digital currencies, XRP’s established payment infrastructure could position it as a strong contender against Bitcoin’s store-of-value focus.
Bitcoin’s current market trends show bullish potential, but XRP has also demonstrated resilience and maintained its position as a significant player.
While Bitcoin’s market dominance is clear, XRP’s focus on specific use cases and its potential for adoption by financial institutions could lead to significant growth and a stronger competitive stance against Bitcoin .
Bitcoin’s price action correlates with NASDAQ, indicating its growing integration with traditional financial markets.
However, XRP’s value proposition is less tied to traditional market sentiment and more focused on its utility in facilitating global payments. This real-world application could make XRP a more attractive option for institutions looking for practical solutions rather than just speculative assets.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Tesla Stock Goes On-Chain for 24/7 Trading on Injective
The stock market and the crypto space are becoming more interconnected. Just posted on its mainnet, Injective announced that Tesla (TSLA) stock is now accessible for on-chain trading. Previously exclusively available on the Solstice testnet, this feature is now available on the mainnet of Injective, therefore enabling complete Tesla stock trading capability.
For investors who wish to trade stocks in a decentralized way free from traditional trading hours, this decision creates new opportunities. Wait no more for the market to close in the afternoon or open in the morning. Using Injective’s blockchain technology, one has more flexible, open, 24/7 access to Tesla stock.
$TSLA is now live on Injective.
You saw it on the Solstice testnet, now experience Tesla on mainnet for the first time.
Fully onchain stocks with 24/7 access and endless opportunities. Only possible on Injective. https://t.co/wpEnUmElUj
— Injective 🥷 (@injective) March 18, 2025
Tesla is not the first stock to enter the Injective ecosystem. On March 14, as we previously reported , Injective launched a new iAsset enabling on-chain trading of Robinhood (HOOD) stock. Users of this feature can trade Robinhood stock at any moment with more liquidity than on traditional stock markets.
These benefits make Injective even more appealing to investors seeking new approaches to trading financial products.
Furthermore, Injective provides a governance proposal aiming at including McDonald’s stock perpetual contracts into the dApps ecosystem of her network. By means of its governance approach, the platform seeks to include McDonald’s shares in the on-chain environment, therefore extending the scope of the decentralized financial market.
Moreover, on February 10, Injective started an on-chain index tracking hundreds of the biggest public stocks via a single unified index. Investors with this index get unrestricted access to the stock market without having to pass middlemen that may slow down the transaction process.
Big corporations are helping the injective ecosystem to get stronger. Officially joining as a validator on the Injective blockchain was Deutsche Telekom MMS, a division of Deutsche Telekom. This move is a genuine attempt to improve the security and decentralization of the network as well as a mere name addition.
Through on-chain governance and transaction validation, Injective shows even more how blockchain technology may coexist peacefully with traditional financial institutions.
On the other hand, on March 4, Injective partnered with Libre, a digital infrastructure platform granting access to accredited and institutional investors.
By means of this integration, Injective gains the institutional fund issuing and distribution platform, thereby enabling big investors to access a range of on-chain investment funds, including the just announced BlackRock Money Market Fund. Stated differently, injective attracts not only retail traders but also heavyweight investors more and more.
Meanwhile, as of the writing time, INJ is swapped hands at about $9.94, up 3.25% over the last 24 hours and 6.09% over the last 7 days.