More than 40% of altcoins are at their lowest levels ever
According to CryptoQuant, over 40% of altcoins are now trading near their all-time lows — this is even worse than at the peak of the last bear market (around 38%).
The main reason is that liquidity is spread too thin: there are now tens of millions of tokens on the market, and there isn’t enough money to go around.
An expert says Bitcoin could drop to around $46,000.
Bitcoin might go down to between $46,000 and $54,000, according to crypto analyst Willy Woo.
He explains that $54,000 is the average price people paid for Bitcoin, and around $46,000 matches a model that shows how long-term investors behave.
However, he also warns that these models are based on past market cycles. If the overall upward trend breaks, the market could fall more and become harder to predict.
In the United States, they want to stop government officials from placing bets on prediction markets.
A new law called the PREDICT Act has been introduced in Congress. It would stop the president, vice president, other government workers, and their families from betting on prediction markets.
If someone breaks the rules, they could face a fine of 10% of the total contract value and lose all the profits they made.
The reason is the risk of insider information. In the past, some traders made money by betting on events like a possible war with Iran or a government shutdown.
Crypto in U.S. retirement accounts is almost ready to start.
A new rule that allows investment in alternative assets in 401(k) plans has passed the final review at the White House. The Department of Labor is expected to publish it in the coming weeks.
This will allow people to officially hold cryptocurrencies in their retirement accounts, along with stocks and bonds. At the same time, access will also include private equity, private debt, and infrastructure investments.
This is about a market worth around $12 trillion — one of the biggest sources of money in the United States.
Record drop in gold prices is helping Bitcoin rise
Gold has been falling for 10 days in a row — the longest drop ever. Since January, it has gone down by about 27%, and since the end of February — around 12%.
At the same time, Bitcoin is staying above $70,000 and getting stronger. The BTC-to-gold ratio has gone up by about 30% — now close to 16 ounces for 1 BTC, compared to about 12 before.
A wallet with 6000 $BTC became active again after 10 years.
A well-known dr@gseller, Clifton Collins, who was believed to have lost access to his 6000 $BTC (about $423 million), seems to have found his wallet seed phrase.
After 10 years of no activity, 500 $BTC (about $35 million) were sent from one of his wallets to a wallet of a crypto exchange.
Insiders may have made up to $500 million from Trump’s statements
15 minutes before the announcement about talks with Iran, unknown traders opened big positions — they bet $1.5 billion that the S&P 500 would go up, and $580 million that oil would go down.
Bitcoin has had a correction from $70,000 to $68,000. I currently hold a good amount in stablecoins and I’m watching the $60,000–$65,500 range to start buying.
My plan is to buy $BTC , and I also like $HYPE. As for $HYPE , I’d like to see it in the $28–$32 range.
A whale from the Bitcoin early days has woken up after 13.5 years
A wallet with 2100 $BTC (about $147 million) moved for the first time in 13.5 years — the coins have already been sent to a new wallet. In 2012, this amount was worth only about $13,600.
People in the network say that these “sleeping” wallets often become active near market highs — in 64% of cases, this happens close to the top of the market.
Whales are coming back: a sign of a new Bitcoin rise?
The activity of the biggest Bitcoin holders on exchanges has reached the highest level in 6 years, according to analysts from CryptoQuant.
The Exchange Whale Ratio indicator, which shows the share of the largest transactions, has increased sharply. This suggests that whales are actively buying and collecting BTC, while retail investors are barely trading — their activity is at the lowest level in six years.
According to analysts, in the past, similar spikes in this indicator often happened when the market was near the bottom, and they were followed by the start of a new upward trend.
A user tried to buy Aave (AAVE) tokens worth $50.4 million using the interface of Aave Protocol, but in the end he received only 324 AAVE (about $36,000).
The reason: he approved the trade with 99% slippage, which basically means he allowed the system to execute the order at almost any price.
The SEC and CFTC have agreed to work together to regulate the crypto market.
The U.S. regulators signed an updated cooperation agreement. It says they will coordinate how they supervise financial markets, including crypto assets.
The goal is to stop the many years of “jurisdiction fights” between the agencies and create a clearer system of regulation.
The SEC and CFTC plan to share data, coordinate market oversight, and develop common rules. At the same time, they want to keep the idea of “minimum necessary regulation” so that innovation is not slowed down.
About 20 million $BTC have already been mined in the Bitcoin network.
This is about 95.2% of the total supply of the first cryptocurrency.
Only 1 million $BTC are left. However, mining them will take about 115 more years because of the halving system and the slow reduction of the block reward.