Markets
Ripple Token Zooms 5% Higher as Bitcoin Grapples With $84K Level
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1 day agoon
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admin

Solana’s SOL and xrp (XRP) edged up 5% in the past 24 hours to lead gains among majors Saturday as bitcoin (BTC) saw resistance at the $84,000 price level.
SOL surged 7% as a contentious SIMD-0228 drew to a close late Thursday in favor of those against it, keeping its current inflation schedule intact. The proposal drew the highest voting turnout in Solana’s governance history, as reported, with those against saying a passage could disrupt parts of its flourishing DeFi ecosystem and dispel chances of further institutional interest.
XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its long-running court case against the U.S. Securities and Exchange Commission.
Meanwhile, memecoins caught a bid on Friday as pepecoin (PEPE), toshi (TOSHI), dogecoin (DOGE) and other memes rose as much as 40%, providing volatility for traders amid a mostly flat market.
Base-based TOSHI jumped 38%, leading gains, with PEPE up as much as 12% before paring gains in European afternoon hours. Meanwhile, Base-based KEYCAT jumped more than 100% as developers announced a partnership with Acheron Trading as its official market maker — aiming to boost liquidity and expand the token’s presence on exchanges.
The broader memecoin rally reflects a shift in trader behavior as bitcoin (BTC) trades sideways, pushing speculators toward higher-risk, higher-reward assets.
BTC ended the week down 3%, faring slightly better than the past two weeks where extreme volatility saw it bounce between $75,000 and $95,000 — bringing it down as much as 20% from a Jan. peak above $108,000.
As such, traders continue to eye macroeconomic factors and rate cut decision for cues on further positioning.
“The recent cooling in inflation strengthens the case for potential rate cuts later this year,” Agne Linge, head of Growth at WeFi, told CoinDesk in a email. “However, escalating geopolitical and economic tensions particularly from the ongoing trade war add complexity to the Federal Reserve’s policy trajectory.”
Bitcoin has experienced intense whipsaw price action over the past two weeks, fluctuating between $79K and $85K amid heightened macroeconomic uncertainty. Its rapid on-off price dynamics reflect its increasing sensitivity to macroeconomic factors—suggesting that Bitcoin is behaving more like a risk-on asset than a traditional store of value. This volatility is likely to persist in the coming weeks as geopolitical tensions and macro-uncertainties continue to drive market sentiment,” Linge added.
Alex Kuptsikevich, FxPro chief market analyst, told CoinDesk in an email that a strong break above the $89,000 level should be watched by traders looking to turn bullish.“Only if the market breaks above its 200-day moving average will we be able to take it as a signal of a return to growth. For now, the market dynamics resemble no more than just a bumpy downtrend,” Kuptsikevich said. “Bears are regaining control of the market on bounces to the $83,500 area.”
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Bitcoin ETF
Gold ETFs Inflow Takes Over BTC ETFs Amid Historic Rally
Published
4 hours agoon
March 16, 2025By
admin
Gold exchange-traded funds (ETFs) have overtaken bitcoin ETFs in assets under management as investors shift toward the traditional safe-haven asset as BTC price tumbled more than 19% over the past three months, while the precious metal climbed 12.5%.
Bitcoin ETFs, which saw significant inflows following their U.S. launch in January last year, have experienced major outflows, losing about $3.8 billion since Feb. 24 of this year, according to Farside Investors data. Meanwhile, gold ETFs recorded their highest monthly inflows since March 2022 last month, according to the World Gold Council.

These flows have meant that gold ETFs have now “reclaimed the asset crown over bitcoin ETFs,” as Bloomberg Senior ETF analyst Eric Balchunas said on social media.
The Empire Strikes Back: Gold ETFs have reclaimed the asset crown over bitcoin ETFs thanks to 12% gain this year. https://t.co/ls67z5sIs5
— Eric Balchunas (@EricBalchunas) March 14, 2025
Spot bitcoin ETFs listed in the U.S. first surpassed gold ETFs in assets under management in December 2024 as the cryptocurrency market surged after Donald Trump’s victory in the U.S. presidential elections.
Meanwhile, gold has been seeing a significant run. This Friday, it exceeded the $3,000 per ounce mark for the first time ever, with gold futures for April delivery breaking through the same level earlier in the week.
Market volatility and geopolitical uncertainty have been helping the price of the precious metal rise as demand for a safe haven continues to grow.
Read more: Gold’s Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
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France
Here’s why the Toncoin price surge may be short-lived
Published
6 hours agoon
March 16, 2025By
admin
Toncoin price has risen by 45% from its lowest level this month after Pavel Durov was allowed to leave France after months.
Toncoin (TON) rose to a high of $3.6240 on Saturday, its highest level since Feb. 24, bringing its market cap to over $8.4 billion.
Pavel Durov leaves France
The surge happened in part because of the ongoing crypto prices rebound and after French authorities gave Durov his passport, allowing him the freedom to leave the country.
https://twitter.com/ton_blockchain/status/1900923518281543959?s=46
Durov was arrested in 2024 in France and was accused of several crimes, including complicity in managing an online platform that enabled illegal transactions. Allegations include refusal to cooperate with authorities, drug trafficking and money laundering.
Following Durov’s arrest, many in the crypto community rallied in his defense.
Still, there are risks that the Toncoin price surge may be short-lived because of its fairly weak on-chain metrics. Data compiled by TonStat shows that the TON inflation has continued rising and currently stands at 0.40%, up from 0.33% in October. This inflation has jumped as the total supply has surged to over 5.124 billion.
More data shows that the number of transactions per day crashed to 2.15 million from almost 20 million in September last year.

The number of active wallets in the TON Blockchain has continued to drop. Also, the total value locked in its DeFi ecosystem has dropped to $180 million from almost $800 million a few months ago.
STON.fi, its biggest DEX network, has a small market share, handling $7.1 million in the last 24 hours.
One reason for this performance is that most tokens in the TON Blockchain, like Hamster Kombat (HMSTR), Catizen (CATI) and Tapswap, have crashed — erasing billions of dollars in value.
The Toncoin price may also drop as investors sell the Durov release news. Historically, traders initially overreact to major news and then sell after a while. Recall when Cardano’s price rose after being named one of the tokens included in President Trump’s stockpile (the coin tumbled by double digits a few days later).
Toncoin price analysis

The daily chart shows that the TON price has bounced back after bottoming at $2.3650 this month. It rose to a high of $3.50, which coincided with the 50-day moving average, a sign that it has found substantial resistance.
Toncoin price also found resistance at the weak, stop and reverse point of the Murrey Math Lines. Therefore, the token will likely resume the downtrend and move below $3 as the Durov news starts to fade.
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coinbase
Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts
Published
12 hours agoon
March 16, 2025By
admin

Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares.
The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release.
The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from over $105,000 to now stand at wrought $84,000. COIN shares saw even worse performance, losing nearly 42% of their value during the same period.
The new ETF allows investors to take advantage of Coinbase’s stock performance volatility without directly holding shares.
These types of single-stock leveraged ETFs, for both longs and shorts sides, are typically used for short-term trading due to the high levels of risks associated with daily compounding. The profits and losses for both types of these are amplified when the prices of the underlying stocks move significantly.
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