Autor: dot-traders

Veröffentlicht am

Bitcoin Pepe emerges as a possible go to altcoin as crypto market bleeds

  • The crypto market has crashed, losing $1.01 billion in liquidations.
  • Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20%
  • Bitcoin Pepe’s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage.

The crypto market is reeling from a brutal wave of liquidations. Over $1 billion in leveraged positions have vanished in the last 24 hours, according to Coinglass data.

The liquidations have hit traders hard across major exchanges. Bitcoin alone accounted for $396.16 million in wiped-out positions. Ethereum saw $209.58 million evaporate, and Solana’s liquidations reached $70.55 million. Even meme coins weren’t spared—Dogecoin saw over $20 million in liquidations.

The crypto market erased gains made earlier this week

Bitcoin (BTC) has plummeted below $84,000 gain, shedding nearly 10% of its value in a single day. The tumble has reversed its rally past $95,000 earlier this week. It has hit an intraday low of $82,467.24 before stabilizing slightly above $83k.

Ethereum (ETH) followed suit, diving 15% to $2,089, while altcoins like Solana (SOL) and XRP cratered by 20% and 18%, respectively. Cardano (ADA) also plunged 25% to $0.7998 as a majority of the other altcoins bore the blunt of the bloodbath.

Meme coins were not spared either. Shiba Inu (SHIB) and Pepe Coin (PEPE) have dropped 13% and 18%, respectively, while Sonic (S) and Trump-backed tokens have shed 23% to 25,% respectively. It seems the high-risk corner of the market faced unrelenting exits as fear gripped traders.

Notably, the crypto market carnage mirrors a broader market slump, with the global crypto market cap tumbling 10% to $2.76 trillion.

What is causing the crypto market to drop?

Investors blame CME futures gaps and thinning liquidity for the sudden crypto market drop. Analysts point to liquidity gaps and leveraged bets gone wrong as the culprits.

Trump’s talk of a strategic crypto reserve couldn’t shield the market from broader economic tremors; the selloff has erased gains sparked by optimism over President Donald Trump’s pro-crypto moves.

Besides the liquidity gaps, economic factors are also to blame for the crypto crash. Trump’s new 25% tariffs on imports from Canada and Mexico have sparked trade tensions.

Canada and Mexico supply a third of US goods, and the tariffs threaten growth and stoke inflation fears.

Following the introduction of the tariffs, American stocks also tanked alongside crypto, with the Dow Jones falling 650 points. The VIX index also jumped to 22, signaling rising market panic.

Historically, cryptocurrencies falter when fear dominates, pushing investors to the sidelines.

Bitcoin Pepe emerges as a haven for crypto investors

Amid this chaos, Bitcoin Pepe stands out as a bold contender. Pitched as the “World’s Only Bitcoin Meme ICO,” blending Bitcoin’s durability with meme coin flair, the project aims to build a Meme Layer-2 for Bitcoin, promising instant transactions and ultra-low fees. Its PEP-20 standard lets users launch memecoins on Bitcoin’s blockchain.

Unlike the currently bleeding altcoins and memecoins, Bitcoin Pepe is currently in its presale stages, which are structured to ensure the price rises with each presale stage progression.

The presale is gaining traction despite the market rout. Currently in stage 5 of 30, the presale has raised $3,690,133. The current price sits at $0.0255 and is set to rise to $0.0268 in the next stage.

The project’s smart contract has already been audited by SolidProof, offering a glimmer of credibility in a sea of uncertainty.

Interested investors can connect wallets and buy in, betting on its vision of “Solana on Bitcoin” as a lifeline. The project’s whitepaper and roadmap pitch a future where meme coins thrive on the “only chain that will live forever.”

The post Bitcoin Pepe emerges as a possible go to altcoin as crypto market bleeds appeared first on CoinJournal.

Veröffentlicht am

Coinbase asks SEC for breakdown of cost of Gensler’s war on crypto

  • Coinbase goes after SEC for details on cost of war on crypto.
  • The exchange has filed a FOIA request asking for SEC’s documents during the leadership of former SEC chair Gary Gensler.

Coinbase has filed for a Freedom of Information Act (FOIA) request that seeks a detailed breakdown of what the US Securities and Exchange Commission (SEC) spend on its “war on crypto.”

Specifically, the crypto exchange’s FOIA wants it made public just how much the SEC splashed as part of its regulation by enforcement approach to crypto between April 2021 and January 2025.

Coinbase outlines what it seeks in a filing on Monday, March 3, 2025.

What else is Coinbase seeking via this FOIA request?

The exchange wants to know how much the SEC spent on investigations, lawsuits and enforcement unit employees. Per the request, the regulator should provide the costs involved as it pursued digital asset related cases, secondary transactions, and staking and lending providers.

“We know the previous SEC’s regulation-by-enforcement approach cost Americans innovation, global leadership, and jobs, but how much did it cost in taxpayer dollars? Today, Coinbase submitted a FOIA request asking the SEC to explain how much its war on crypto cost taxpayers,” Coinbase chief legal officer Paul Grewal noted.

He added:

“What do we hope to find out? How many investigations and enforcement actions were brought – and how much they cost; how many employees worked on these investigations/enforcement actions – and how much they cost; how many third-party contractors were used in these investigations/enforcement actions – and how much they cost,” the Coinbase CLO added in a post on X.

The request comes amid a recent spree of announcements regarding the SEC’s dropping of several crypto cases and investigations. It includes the regulator’s lawsuit against Coinbase and the crypto exchange Gemini.

SEC, under a new leadership following Gary Genser’s exit in January 2025, has also closed investigations against Opensea, Robinhood, Uniswap and MetaMask.

According to Grewal, the FOIA request is down to the need for transparency, with American taxpayers having the right to know. Coinbase believes the current SEC leadership will provide the information.

The post Coinbase asks SEC for breakdown of cost of Gensler’s war on crypto appeared first on CoinJournal.

Veröffentlicht am

Experts shift to Bitcoin Pepe as Trump’s crypto reserve hype fades

Fear remains the key emotion driving the cryptocurrency market despite Trump’s latest remarks on a US crypto reserve. Indeed, most majors have reversed some of the gains recorded on Sunday as the selling pressure persists.

Even so, revolutionary projects continue to capture the attention of savvy investors looking to lock in hefty returns from affordable investments. Bitcoin Pepe tops the list of attractive meme cryptos in 2025. With a model designed to favor long-term holders and early adopters, BPEP token holders have already secured gains of 21.4% in just three weeks.

Bearish pattern hints at continued selling pressure for Dogecoin price

Dogecoin price has held steady above the crucial support zone of $0.2000 after dropping below it momentarily in the past week. Even so, it remains in a three-month-long downtrend amid the persistent tariff jitters and the controversial role of Elon Musk in Trump’s government.

A look at its daily chart indicates the continuation of the bearish death cross pattern with the 25-day EMA holding below the medium-term 50-day MA. In the short term, the bulls will be keen on breaking the resistance along the 25-day EMA at $0.2465. If successful, the next target will be at $0.2704. However, this bullish thesis will be invalid by a move below the support zone of $0.2000.

ETH/USD price chart. Source: TradingView

What’s sustaining Bitcoin Pepe’s speedy momentum?

Bitcoin Pepe’s presale stages are selling out fast; indicating that the meme project is on track to becoming the fastest-growing ICO of 2025. Three weeks into its presale, it is already at stage 5 and has raised over $3.6 million. At its current level, its early adopters have already locked in returns worth 21.4% of their capital investment.

This steady momentum is founded on more than just the online hype. Savvy investors are attracted to Bitcoin Pepe’s unique combination of Solana’s speed with Bitcoin network’s security and the meme culture.

The meme-focused Layer-2 solution has been Bitcoin’s missing puzzle and investors know better than to dismiss this high-return opportunity. In addition to enjoying low fees and speedy transactions, this infrastructure allows for the direct launching of meme coins on the Bitcoin network.

With Bitcoin Pepe set to hit the public shelves in Q2’25, investors have an opportunity to cash in big by buying some BPEP tokens at the initial stages. Indeed, the project is designed to benefit early adopters and long-term holders.  Hurry up and buy Bitcoin Pepe here.

Ethereum price remains under selling pressure despite Trump’s crypto reserve talks

Ethereum price
ETH/USD price chart. Source: TradingView

On Monday’s early session, Ethereum price erased some of the gains recorded the previous day as Trump’s talks of a crypto reserve failed to ease the persistent selling pressure. On the one hand, the president’s remarks on Truth Social have sustained the altcoin above $2,250 for the second session in a row.

However, the broader crypto market is still in a risk-off mood with a fear & greed index of 33. Despite the bearish trend, I hold a bullish bias.

Amid the volatility, the Ethereum price range between $2,210 and $2,550 is worth watching. Further rebounding will likely have the crypto face resistance along the 25-day EMA at $2,600. On the lower side, $2,134.50 is a reasonable level to place a stop loss.

The post Experts shift to Bitcoin Pepe as Trump’s crypto reserve hype fades appeared first on CoinJournal.