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Share link:In this post: A Franklin Templeton report suggested that Solana threatened Ethereum due to its growing influence. Solana’s DEX volumes surpassed the Ethereum ecosystem in January, highlighting a potential market shift. According to the report, the shift to activity to the layer two blockchain shows the Ethereum scaling approach was working.
Bitcoin is currently consolidating within a symmetrical triangle formation, with converging trendlines indicating a period of consolidation preceding an expected breakout soon. Technical analysis identifies key support near $86,000-$88,000 and resistance between $92,000 and $94,000, while traders monitor volume for confirmation in upcoming sessions. A recent sharp drop followed by a strong recovery formed the triangle pattern, setting the stage for a potential 20% price movement.
TRUMP surged 8.43% to $15.02, breaking a descending wedge and indicating strong buying momentum. RSI stands at 59.20 points indicating mild upward strength although MACD signals possible market consolidation or a correction phase may occur. TRUMP can drive its price towards $18.00 and beyond if support stays above $13.44 despite market volatility.
Quick Take Late Thursday, President Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve, capitalized by the approximate 200,000 BTC ($18 billion) already owned by the federal government, forfeited as part of criminal or civil proceedings. Standard Chartered Global Head of Digital Assets Research Geoff Kendrick suggested one option for funding the U.S. Strategic Bitcoin Reserve in a budget-neutral way would be to sell part of its $760 billion gold reserves.
Quick Take Trump signed an executive order to create a strategic bitcoin reserve and digital asset stockpile the day before the summit. Big crypto industry players, including Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi and lawmakers such as House Majority Whip Tom Emmer, R-Minn, among others, attended the summit.
- 17:44Market news: US SEC is debating whether XRP is a commodityAccording to market news, the U.S. Securities and Exchange Commission (SEC) is discussing whether XRP is a commodity and whether it should be placed in the same category as ethereum (ETH).
- 17:23US government transfers about $5,500 AVAX to a new addressAccording to monitoring, 15 minutes ago, the United States Government transferred 299.483 AVAX (about $5500) to a new address.
- 17:22Today's top 100 cryptocurrency tokens by market cap rise and fall: XLM up 10.81 per cent, IP down 7.71 per centOn 13 March, according to the data, the top 100 cryptocurrency market cap tokens performed as follows. Top 5 Gainers: Stellar (XLM) is up 10.81 percent to $0.2781; Sonic (S) up 8.86 per cent to $0.4772; Maker (MKR) up 6.41 per cent to $1,137.46; Pepe (PEPE) up 6.37 per cent at $0.000006868; Celestia (TIA) up 5.54 per cent at $3.55. Top five losers: Story (IP) down 7.71 per cent to $5.76; Ethena (ENA) down 4.02 per cent to $0.3473; Movement (MOVE) down 3.66 per cent to $0.4541; Hedera (HBAR) down 3.43 per cent to $0.1912; Cardano (ADA) down 3.26 per cent to $0.7047.