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BTC Staking Platform Core Joins Crypto Lender Maple and Custodians BitGo, Copper, Hex Trust

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Core Foundation, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody firms BitGo, Copper and Hex Trust to push deep into the BTC staking sector.

Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings while staying safely inside trusted custodial partners without the need to take on the risks or operational burdens of dealing with smart contracts. A liquid staking token, to be issued in the coming months by Maple, will allow staked BTC to be used by trading firms and asset managers as collateral for borrowing in DeFi or with trading counterparties.

The ability to earn yield on bitcoin and potentially unleash a new wave of liquidity into the DeFi ecosystem has become a hot topic, with protocols like Babylon having entered the market. A massive, untapped group of BTC holders will be able to get yield on their BTC thanks to Core’s dual-staking mechanism, said Maple CEO Sid Powell.

“Bitcoin’s security budget will face problems in a few years as miners receive less block rewards revenue,” Powell said in an interview. “Staking solutions like CORE can help strengthen Bitcoin network security by giving alternative revenue sources to miners. Holders of lstBTC will benefit from this by earning yield on their BTC while in custody, which represents an immense total addressable market.”

Maple launched an existing BTC staking product on CORE this month. This product involves locking up BTC for 90 days and has a yield target of 5%-plus APY. The liquid staking token BTC (lstBTC) will be instantly redeemable, offering better liquidity. Therefore, Maple expects a slightly lower APR range.

Powell said Core is placing itself in an excellent competitive position, as things are in place to be first to market with a yield-bearing BTC liquid staking token.

“There are few BTC yield options out there. If you look across the stack, most of them are just points and they’re not liquid yet or delivering yield in BTC.
Read more: Staking Will Define Bitcoin’s Role in the Global Digital Economy in 2025





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Bitcoin

Can Bitcoin Reach $100K After the Upcoming US Fed Decision?

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Bitcoin’s price briefly crossed the $85,000 mark on Sunday, March 16, marking an 11% rebound from last week’s bottom of $76,000. Bullish traders have been deploying significant leverage positions on BTC ahead of the upcoming US Federal Reserve rate decision slated for March 19.

Bitcoin (BTC) Attempts $85,000 Recovery as Sellers Continue to Hold

After reaching an all-time high of $109,071 in January, Trump’s inauguration ushered in a pullback phase witch Bitcoin (BTC) experiencing a sharp decline of nearly 30%, hitting a low of $76,000 last week.

This downturn has been attributed to various factors, including geopolitical tensions following President Trump’s intervention in early March and recent US trade tariff announcements.

Bitcoin price action (BTCUSDT)Bitcoin price action (BTCUSDT)
Bitcoin price action (BTCUSDT)

However, positive indicators from the US Consumer Price Index (CPI) and Producer Price Index (PPI) reports published last week have spurred a recovery. On March 16, BTC price briefly crossed the $85,000 mark, reflecting an 11.1% gain from the previous week’s low of $76,000 recorded on Tuesday, March 12.

This suggests that investor sentiment has improved significantly since the CPI data release on Wednesday, March 13, with many opting to hold their positions in anticipation of upcoming macroeconomic announcements.

What Fed Rate Outcomes Could Drive BTC to $100K?

The upcoming Federal Reserve decision on interest rates is a critical event for Bitcoin investors.

Historically, lower interest rates have led to increased liquidity in financial markets, often benefiting risk assets ranging from stocks to cryptocurrencies.

The next Federal Open Market Committee (FOMC) decision expected by Wednesday, March 19.

If the Fed signals a rate pause or hints at imminent cuts, it could boost investor confidence, potentially driving Bitcoin’s price toward the $100,000 mark.

US Fed Rate Decision, March 2025 | Source: CMEGROUP/FedWatch ToolUS Fed Rate Decision, March 2025 | Source: CMEGROUP/FedWatch Tool
US Fed Rate Decision, March 2025 | Source: CMEGROUP/FedWatch Tool

Conversely, a hawkish stance with rate hikes could tighten liquidity, posing challenges for Bitcoin’s upward momentum.

However, based on recent data from CME Group, a majority of market watchers have priced in a 99% chance of a rate pause.

If this scenario plays out as expected, BTC price could see some upside in the aftermath of the official rate announcement, as often historically seen after less hawkish Fed decisions.

Bulls Established $1.9 Billion Dominance in Bitcoin Derivative Market

Having digested inflation-easing signals in the US CPI and PPI reports, with market watchers nearly ruling out the chances of a rate cut as previously feared, the majority of Bitcoin traders have priced in the rate pause decision and positioned trades accordingly.

Bitcoin Liquidation Map (BTCUSDT) | March 16Bitcoin Liquidation Map (BTCUSDT) | March 16
Bitcoin Liquidation Map (BTCUSDT) | March 16

In the derivatives market, bullish sentiment is evident. Over the last 7 days, bull traders have mounted long leverage positions amounting to $4.9 billion, while short leverage positions stand at $3.8 billion, giving bulls a net dominance of $1.1 billion.

BTC Outlook for the Week Ahead

This substantial long positioning indicates strong market confidence in Bitcoin’s future appreciation. However, it’s essential to monitor these leveraged positions closely, as sudden market shifts could lead to liquidations, amplifying price movements.

Given the 11% BTC price rebound over the past week, the anticipated Fed rate pause may have already been priced in, and many traders could capitalize on the announcement to execute a sell-the-news strategy.

In this scenario, BTC could see another downturn below the $80,000 mark, especially with long traders currently holding over-leveraged positions.

Bitcoin Price Forecast: Recovery in Play, but $100K Remains a Tough Target

Bitcoin price forecast chart below is showing signs of more upside potential after rebounding 11% from the recent $76,000 low, to reach $83,175 at press time. The bullish case for BTC price action new week is supported by a number of technical indicators, but the path to $100,000 remains uncertain as key resistance levels and market sentiment present challenges.

First, the Elliott Wave count suggests Bitcoin has completed a corrective leg down, aligning with the 1.618 Fibonacci extension at $76,555.

Bitcoin Price ForecastBitcoin Price Forecast
Bitcoin Price Forecast

A bounce from this level indicates potential for a relief rally, with immediate targets at the 0.382 Fibonacci retracement level of $89,085, followed by $92,956 (0.5 retracement) and a stronger resistance near $96,827 at the 0.618 level.

Additionally, the Parabolic SAR indicator, currently at $97,068, further reinforces this zone as a pivotal area where bullish momentum could face major resistance.

However, bearish risks remain prominent. The volume profile shows declining buy-side momentum, suggesting a lack of strong conviction among bulls.

More so, the BBP (Bear/Bull Power) indicator remains deeply negative at -10,559, signaling that downward pressure is still in play. If Bitcoin fails to reclaim $89,000 convincingly, it could trigger another sell-off toward the $76,000 support level, potentially exposing the market to further downside.

For the week ahead, Bitcoin’s price action hinges on reclaiming $89,000. A decisive close above this level could fuel a rally toward $97,000, but failure to break above could see BTC revisiting $80,000 or lower.

Frequently Asked Questions (FAQs)

If the Fed signals a rate pause or future cuts, Bitcoin could rally. However, strong resistance levels and profit-taking may slow momentum.

BTC must reclaim $89,000 to sustain an uptrend. Resistance sits at $92,956 and $96,827, while support remains at $80,000 and $76,000.

Bulls hold a $1.1 billion net dominance in derivatives, but over-leverage increases liquidation risks, potentially leading to sharp price swings.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Altcoin

XRP $15 Breakout? Not A Far-Fetched Idea—Analysis

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After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset.

Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis. 

Martinez’s view runs opposite the bearish statements from other commentators. XRP has been on a slide lately, affected by the broader crypto fall, dipping by around 25% from its $3.40 high achieved mid-January.

XRP Gradually Builds Its Symmetrical Triangle

Like most cryptos, XRP continues to have a highly volatile market performance. The token attempted a recovery early this month but met resistance, leading to a steep decline on March 11th. Interestingly, a few commentators remain bullish on the altcoin, including Martinez, who sees the token on track to reach $15.

In his latest commentary, shared via a Twitter/X posting, Martinez highlighted the seven-year symmetrical triangle formed by this asset, which dates back to January 2018, when it dropped from its $3.80 high.

Even before Martinez shared this observation, several commentators reported the triangle’s formation, suggesting that a breakout could lead to a price run.

XRP market cap currently at $137 billion. Chart: TradingView.com

The Ascending Trendline

According to Martinez, XRP formed its lower highs in January 2018, extending the descending trendline on top. As the crypto witnessed higher lows during this time frame, it extended its ascending trendline below, creating a symmetrical triangle.

Interestingly, XRP exited the symmetrical triangle structure following the November US elections. Ripple’s native token surged by 280% for the month, marking the biggest 30-day increase for the asset in seven years.

XRP price up in the last seven days. Source: Coingecko

Along with surprising traders, this breakout inspired fresh hope among XRP enthusiasts. While some experts noted that past breakouts do not automatically ensure continuous rallies, many saw this spike as evidence of possible long-term strength.

Still, the dramatic price fluctuation sparked conversations on XRP’s future, particularly in light of further government changes and more general market movements.

Ripple’s XRP is currently trading at $2.37, which is 2% up in the last seven days. 

XRP Currently Retesting A Breakout

After two months of upside, Ripple’s XRP is on a downturn, reflecting the broader crypto market sentiment. According to Martinez, XRP’s price is currently retesting the triangle chart breakout. He also suggested that even if XRP slips below $2, it’s still on track for a breakout, as long as it stays above $1. Armed with the charts, Martinez believes that XRP hitting $15 is not a far-out idea. 

Featured image from StormGain, chart from TradingView





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‘Be on Guard’: Trader Says Altcoin Bounce May Be Temporary, Tracks Bitcoin’s Next Targets

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A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived.

In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence.

He also says Bitcoin (BTC) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level.

“BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.”

Image
Source: Altcoin Sherpa/X

Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs.

However, he warns if $78,167 breaks down as support, Bitcoin may plummet into the $60,000 range.

Bitcoin is trading for $84,154 at time of writing, up 4.6% in the last 24 hours.

The analyst also warns that altcoins like the dogwifhat (WIF) memecoin may struggle for a long time to ever regain higher price targets if Bitcoin turns bearish.

“It’s a lot more concerning for sh**coins this go around because BTC might actually be dead for a bit. In the previous drawdown, we had a lot more hope because we assumed BTC still had more upside. If BTC dies to $50,000 or w/e (whatever), these aren’t coming back for a very long time. See WIF.”

Image
Source: Altcoin Sherpa/X

WIF is trading for $0.50 at time of writing, up 9.7% in the last 24 hours.

He adds that altcoins may bounce even as they continue to print a bearish lower-high price structure.

“As much as everything is dead and we’re truly in a bear market for altcoins, it’s important to remember that a bounce will come and alts can still do a few x from current levels. Markets don’t move in a straight line down. Bounce coming within the next one to two months in my opinion.”

He shares the two-day chart of Ethereum (ETH) to illustrate the historical precedence of an altcoin bouncing amid a larger downtrend.

Image
Source: Altcoin Sherpa/X

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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