Из жизни альткоинов

XRP’s cheat sheet is pointing to higher levels this year. This cheat sheet is based on a 12-year cycle chart shared by analyst Cryptollica, who also suggests the asset is positioned for a major move higher on the social media platform X. The Relative Strength Index is also now pointing to oversold on the weekly timeframe, so the question is no longer whether the token can break above double-digit territory but when this will happen.

A 12-Year Structure That Keeps Repeating

The XRP cheat sheet is a projection that shows XRP’s behavior across multiple cycles, showing how XRP has been playing out over the past 12 years. The chart spanning from 2014 to 2026 shows that the altcoin has respected a long-term ascending support line marked by multiple higher lows since 2018.

Each touch of this support trendline in past cycles has always led to a strong upward move. The 2020 low, the 2021 low, and the more recent accumulation zones visible in 2023 and 2025 all found support near the same rising trendline. At the same time, a descending resistance line cuts across previous peaks, except for the 2025 peak, when it broke above it.

Interestingly, this is not the first time the altcoin has broken out of a similar triangle structure. As seen on the left side of the chart, price action between 2014 and 2017 formed a tight compression pattern, with lower highs pressing against a gradually rising base. That structure eventually resolved with a breakout in 2017, which carried into the 2018 peak. Now, XRP’s price action since 2025 has been playing out similarly to how it happened in 2018, although now on a larger and more drawn-out scale.

Breakout To Double Digits

According to the analysis, the weekly RSI recently dropped to 29, which is a huge oversold condition. Notably, this is the same zone from which XRP launched every significant upward move in its trading history.

The last time its monthly RSI dropped to comparable lows was during the 2022 bear market, when the price reached a cycle bottom of $0.2910. That RSI reading was the floor, and XRP recorded only higher lows from that point forward.

If history is any indicator, then XRP is expected to keep on registering higher lows on the weekly timeframe, which, in turn, would translate to increasingly higher price levels in the coming weeks and months. 

Looking at the cheat sheet above, the chart’s upper channel boundary, when projected from the 2017/2018 peak, puts the cryptocurrency finally breaching the $10 price level. Interestingly, the idea of XRP moving above $10 is not isolated to a single chart. It continues to show up across multiple long-term theses with different timelines.

Some projections place the altcoin in the $15 to $30 range under favorable conditions like regulatory clarity. More conservative voices place near-term ceilings considerably lower. For instance, crypto analyst EGRAG CRYPTO predicted that XRP will peak at $8.5 between 2026 and 2027.

Nasdaq struck a deal with crypto exchange Kraken earlier this month to let public companies issue their own tokenized shares directly on blockchain networks. Now it has the green light to go further.

Traditional And Tokenized Stocks To Share The Same Order Book

The US Securities and Exchange Commission approved Nasdaq’s proposal Wednesday to allow tokenized versions of stocks and other securities to trade on its exchange alongside their traditional counterparts.

The two versions will share the same order book, the same price, the same ticker, and carry identical shareholder rights.

Nasdaq first filed the proposal in September, partnering with the Depository Trust Company, a key market infrastructure firm, to make it work.

Not everyone can take part. The pilot is limited to “eligible participants” only, who will have the choice of trading either form of a given stock.

The eligible securities are drawn from the Russell 1000 Index — which tracks the 1,000 largest US-listed companies by market capitalization — plus exchange-traded funds that follow the S&P 500 and Nasdaq-100.

The SEC did not rubber-stamp the proposal through without pushback. Concerns were raised about market surveillance and the risk of price gaps opening between the two versions of the same stock.

Nasdaq later filed an amendment spelling out additional safeguards, which appeared to satisfy regulators.

NYSE Owner Also Moving Into Blockchain-Based Trading

Nasdaq is not alone in this push. The Intercontinental Exchange, which owns the New York Stock Exchange, invested in crypto exchange OKX in early March with plans to launch its own tokenized stocks.

The two biggest US exchange operators are now moving in the same direction at roughly the same time.

Tokenization — putting traditional assets on a blockchain — has gained traction among major financial institutions because of its potential to cut settlement times and open the door to longer trading hours.

Until now, most of that activity has stayed in the testing phase. This pilot puts it on a live exchange for the first time under formal regulatory approval.

SEC Chair Paul Atkins said Tuesday the agency plans to seek public comment on a range of crypto-related exemptions, including one that would allow certain securities tied to crypto to raise funds over a 12-month window without registering under standard securities laws.

Nasdaq Greenlight: Broader Policy Shift Backs The Move

The approval fits a broader shift in how US regulators have approached digital assets since US President Donald Trump returned to the White House.

The SEC under Atkins has moved away from the enforcement-heavy stance of his predecessor and toward building clearer rules for the industry.

For now, the Nasdaq pilot remains controlled and narrow. But if eligible participants adopt the tokenized format in meaningful numbers, it could set the template for how US stock markets operate in the years ahead.

Featured image from Nasdaq, chart from TradingView

As the broader cryptocurrency sector evolves, the XRP Ledger continues to demonstrate its robust capabilities and real-world use cases. The Ledger is steadily making efforts to expand its functionality with multiple updates that will redefine the future of the network.

XRP Ledger Enters New Era After Game-Changing Update

With its most recent development, the XRP Ledger is making a significant breakthrough that market experts are referring to as a “game-changing moment” for the network. This update focuses on revolutionizing identity in the ever-burgeoning crypto and blockchain landscape.

Pumpius, a market expert and investor, shared on the social media platform X that XRP is powering the next era of identity like never before. What this means is that the ecosystem, which has long been known for its speed and efficiency, is about to enter a new phase that might greatly increase its potential and practical applications.

In addition to improving functionality, this update might improve the ledger’s standing in the fiercely competitive blockchain market. According to the expert, XRP at the center of the new identity era is backed by genomic data, lightning-fast processed through zero-knowledge circuits, instant proof generation, and rock-solid verification modules. 

On the Ledger, each cryptographic commitment is permanently linked to the network for optimal security and total privacy. While other networks struggle to be reliable, the Ledger boasts zero hacks and zero data leaks, indicating its pure speed, trust, and unbreakable protection. 

These key factors of the Ledger are exactly why XRP continues to lead the pack. Over time, the Ledger has moved beyond just infrastructure. Pumpius believes that the network is the foundation of most advanced systems that will be introduced in the future. In the growing phase, XRP is the fuel that will power the Ledger, which is considered the engine.

One Of The Most Interesting Signal Emerges On The Ledger

After a wave of activity, the XRP Ledger is flashing a crucial signal, one that could shape its dynamics. Arthur, the Chief Information Officer (CIO) of Royal Peak Capital and crypto enthusiast, has published that Insufficient XRP for new Offers has experienced a substantial rise.

The chart shared by the expert shows a notable spike from near zero to over 200,000 in a single vertical move. A move like this implies that the number of coins available was not enough in the public order book from new trades. Given that fewer tokens are easily available for new sell orders, this raises the question of whether underlying demand is exceeding supply.

Behind this development are large institutions and banks, who are actively moving their activity into private and permissioned pools with the Permissioned Decentralized Exchange (DEX) now live. Typically, these flows do not show up in public metrics. Public activity looks dead while institutional volume might be exploding behind the scenes.

At the time of writing, the price of XRP was trading at $1.45, recording a more than 4% drop in the last 24 hours. Its trading volume has slightly turned bearish, declining by a 0.31% over the past day.

The recent Bitcoin price rebound has reignited optimism, but not everyone is convinced the market has turned around. While price has shown signs of a breakout, a crypto analyst notes that BTC’s macro setup still resembles a typical bear market structure. The key question remains whether the recent upside move signals a true price bottom or simply another temporary rally before further downside. 

Why The Bitcoin Price Breakout Is Not A Bullish Reversal

In an X post on Tuesday, March 17, crypto analyst Ardi argued that traders are misinterpreting Bitcoin’s recent rally above $75,000 by assuming that any breakout automatically signals the end of a bear market. He explained that these types of price spikes are part of how bear markets typically function. 

The analyst noted that breakouts usually form macro lower highs during a downtrend. He emphasized that these price rallies can appear strong at first, but they usually don’t last and tend to set the stage for the next downward move. 

Backing this up, Ardi pointed to Bitcoin’s price action in 2018 and 2022 as a clear example. After reaching all-time highs in both years, the market entered a steady decline, creating a series of lower highs. He noted that in both bear market cycles, there were approximately five relief rallies. 

Sharing a chart showing Bitcoin’s rebounds during the 2022 bear market, the analyst showed that the cryptocurrency experienced sharp spikes in January, April, June, August, and November. Each of these rebounds had temporarily pushed the price up, but none reversed the overall downtrend. He added that at every bounce, selling pressure returned, driving the market even lower. 

Ardi noted that this recent spike is the first bounce Bitcoin has experienced in five months, so its timing is not unexpected. He also highlighted that many traders have already adjusted their outlook, closing bearish positions after just one green run. In his view, this reaction shows a lack of a well-grounded trading thesis. 

Analyst Reveals What Actually Confirms A Bottom

When asked about the basis for his bearish outlook, Ardi rejected the idea that Bitcoin’s behavior is only tied to the four-year cycle theory. The analyst said that bear markets are not dependent on this cyclical concept and would exist regardless of the narrative. He emphasized that market structure and time-based patterns carry more weight.  

Ardi explained that a typical market includes roughly three years of upward movement, followed by a shorter phase of decline or consolidation. This period generally lasts 9 to 12 months and is characterized by lower volatility and sideways price action. During this period, the market develops the conditions necessary for a longer-term reversal.  

The crypto analyst also outlined specific levels that Bitcoin would need to reclaim before he would consider a bottom and a subsequent bullish shift.  He noted that the cryptocurrency would have to move above $85,000 and then surpass $96,000 by more than 3% to indicate a genuine change in momentum. 

Without meeting at least one of these conditions, he believes the market has not provided enough evidence to support a sustained upward move. Until that happens, Ardi maintains that Bitcoin’s price bounce does not confirm a market bottom. The 2022 bear market chart demonstrates that multiple rallies can occur within a broader downtrend, and that short-term strength alone isn’t enough to signal a lasting price reversal.

Bitcoin is strongly moving in the opposite direction to Gold as the Correlation metric for the two has dropped to its lowest since November 2022.

Bitcoin-Gold Correlation Is At Its Most Negative In Years

As pointed out by on-chain analytics firm CryptoQuant in an X post, the Correlation Coefficient for Bitcoin and Gold has plummeted recently. The “Correlation Coefficient” here refers to a tool from statistics that expresses the relationship between two given variables. In the context of assets, it basically tells us whether their prices are linked or not.

When the value of the indicator is positive, it means the price of one asset is reacting to the other’s by moving in the same direction. The closer is the metric to 1, the stronger is this relationship. On the other hand, a negative coefficient suggests a negative correlation exists between the prices. That is, they are moving in the opposite direction. On this side of the scale, the extreme point lies at -1.

There is also a third case for the indicator: one where its value is exactly equal to zero. In statistics, the variables are said to be independent in such a scenario. Thus, the metric having this value means the two assets have no relationship whatsoever.

Now, here is the chart shared by CryptoQuant that shows the trend in the Correlation Coefficient for Bitcoin and Gold over the history of the digital asset:

As displayed in the above graph, the Correlation Coefficient for Bitcoin and Gold rose to a notable positive level in the first half of 2025, suggesting that the two assets were traveling in a similar manner. In the second half of the year, however, the indicator collapsed, with the correlation between the assets turning red.

In 2026, this trend has only intensified. From the chart, it’s visible that the Correlation Coefficient has just seen a sharp negative spike, meaning that BTC and Gold are moving against each other in a strong manner.

Currently, the indicator has a value of -0.88, which is the lowest that it has been since November 2022, when Bitcoin dropped to its bottom of that year’s bear market following the FTX crash. The shift toward a negative Correlation Coefficient in recent months has mainly come because of Gold going off on a parabolic surge, while Bitcoin has witnessed a bearish transition.

Historically, BTC has often been considered as the digital analogue to Gold, but the latest Correlation Coefficient would suggest that the cryptocurrency is currently behaving in the opposite manner to the traditional safe-haven.

BTC Price

At the time of writing, Bitcoin is trading around $70,500, down 5% over the last 24 hours.

Solana is now in the spotlight once again as the leading altcoin gains more regulatory standing following its latest classification in the United States legal framework. In a world hampered by strident regulation and strict rules, Solana is emerging as one of the most trustworthy assets in the broader financial sector.

Solana Gains Commodity Status In Latest Filing

In a joint move, the US regulatory bodies have issued new regulations on how federal securities laws apply to cryptocurrencies and digital assets. According to the recent joint filing by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), Solana has been acknowledged as a commodity, which could affect its regulatory status.

The law introduces a formal token taxonomy across five categories. These include digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. As stated by the agencies in the filing, most crypto assets are not themselves securities. Furthermore, it clarifies that staking, mining, airdrops, and token wrapping are examples of operations that are not by definition securities transactions.

Meanwhile, under digital commodities, the US SEC listed multiple crypto assets such as Bitcoin, Ethereum, Solana, and 14 other assets. This ruling completely removes the security label on SOL, making it safe to trade. If the categorization is upheld, it would represent a substantial change in the perception of the asset under US law and may reduce the ambiguity that has long surrounded digital assets.

A New Leader In Stablecoin Volume

Following this move, the already robust Solana ecosystem could see increased engagement from investors and developers, triggering more growth. In the blockchain sector, SOL is considered one of the most popular networks for on-chain finance.

CryptoRank, a leading crypto industry researcher and analytics platform, reported that the network has emerged as the new leader in stablecoin volume, signaling growing user adoption. Stablecoin market cap on Solana continues to grow, now exceeding a staggering $316 billion. This massive capital is driven by a rise in payments and cross-border transfers as they gradually replace traditional financial systems.

Taking a look at the chart, SOL in February became the leading network by stablecoin transaction volume, securing over 37% of total volume. The figure surpasses that of Ethereum and Tron combined over the month. Given its high throughput and low fees, this spike points to a larger trend of capital movement toward faster and more effective networks.

In recent months, the analytics platform highlighted that stablecoin utilization alongside volume on the network has been shifting from Tether’s USDT to USDC. As a result, USDC accounts for over 72% of total volume in February. With the significance of stablecoins increasing in the crypto landscape, the growth of SOL in this market indicates a shift in the way value flows across blockchain networks.

After intensive talks aimed at resolving one of the CLARITY Act’s thorniest provisions, stablecoin rewards, Republican senators emerged from a closed-door meeting Thursday with cautious optimism about the stalled crypto market-structure bill. 

The gathering, which drew pro-crypto Senator Cynthia Lummis and other Republican members, produced comments suggesting negotiators may finally be finding a workable path forward on stablecoin yield and related digital-asset language.

‘Light Bulbs Switched On’

Reporting from Washington by Eleanor Terrett captured the tone in the room. Lummis told colleagues she experienced a change in perspective during the meeting, saying that “some major light bulbs were switched on” and that a path forward had emerged that she had not expected when she arrived. 

Terrett later reported that Senate staff said, “We’re 99% of the way there on stablecoin yield, and negotiations on the digital asset portions of the bill are in a good place. Senator Lummis believes today’s meeting was very productive and positive.” 

The statement added that lawmakers had also heard feedback from colleagues about the need to settle housing and community banking concerns, and that Lummis was actively working to address those issues. 

Additional Changes To Crypto Bill?

Politico reported that Senate Banking Republicans have been considering whether to attach community bank deregulatory provisions to the crypto market structure bill as part of a trade: include the banking changes in the crypto bill in return for House acceptance of the Senate’s housing package in its current form. 

The idea was reportedly discussed at Thursday’s meeting, though participants emphasized the talks remain fluid and no decisions have been finalized.

Politico’s coverage confirmed that supporters of the banking sector hope such an arrangement could persuade House Republicans to adopt the Senate housing bill without further alterations. 

But the prospect is uncertain: House Republicans continue to press a range of objections to the Senate housing text, and it is not clear whether they would accept the swap.

Featured image from OpenArt, chart from TradingView.com 

Crypto analyst Cryptollica has shared a quantitative roadmap that could send Dogecoin to a new all-time high (ATH). This came as the analyst noted that DOGE is no longer a meme driven by internet culture and is now getting institutional attention. 

The Dogecoin Quantitative Roadmap To A New ATH

In an X post, Cryptollica shared a quantitative roadmap that could send Dogecoin to a new ATH. He noted that institutional quantitative models see DOGE as a perfectly engineered macroeconomic fractal while the retail crowd is paralyzed by micro-volatility. As part of this quantitative roadmap, the analyst pointed to the $0.08 level, which he described as an “absolute bedrock” and institutional floor for the meme coin. 

Cryptollica noted a horizontal dotted axis at $0.08, while reiterating that this level was an impenetrable “Volumetric Bedrock” where smart money has historically placed massive absorption blocks. He added that Dogecoin’s price is currently resting directly on this mathematical floor, and is quantitatively refusing to break lower. 

His accompanying chart showed that Dogecoin could bottom out at this level if the bear market extends into the latter part of this year. DOGE could then see a bullish reversal, sending it to new highs above $0.5.This rally above $0.5 is expected to happen between year-end and the start of 2027. 

Key Indicators To Keep An Eye On

Cryptollica drew attention to the heavy descending black vector that is suppressing Dogecoin’s price against the $0.08 support. The analyst said that DOGE is now suffocating in a “Terminal Apex” and that the downward kinetic energy is dead. “There is literally zero room left for sideways movement,” he declared. 

Furthermore, the analyst noted that a massive Descending Wedge resting perfectly on an absolute horizontal floor means that the pricing asymmetry is at its absolute peak. Cryptollica assured that the green vectors on his accompanying chart are not a guess but the systemic kinetic projection of the trapped energy. He claimed that algorithms are silently vacuuming the remaining supply while retail investors panic-sell. 

With Dogecoin at the exact millimeter of the structural apex, Cryptollica outlined two algorithmic protocols that could determine investors’ next move. One is a front-run of the breakout, in which investors are gradually accumulating right now while the DOGE price is trading just above this $0.08 ‘bedrock’ support. The analyst said that the second move investors could make is to wait for the massive green breakout candle to confirm the trend and then end up buying higher because of a lack of conviction. 

At the time of writing, the Dogecoin price is trading at around $0.09547, down over 5% in the last 24 hours, according to data from CoinMarketCap.

XRP has retraced below the $1.50 level as volatility returns to the market, bringing sharper price swings and renewed uncertainty for traders. After briefly stabilizing above key levels, the asset is now struggling to maintain momentum, reflecting a broader environment where conviction remains limited and positioning continues to shift rapidly.

Beyond price action, derivatives data is revealing a more complex and reactive market structure. According to CryptoQuant analyst Arab Chain, the XRP Open Interest 30-day change indicator highlights significant fluctuations in how traders are positioning across derivatives markets. The data shows repeated shifts between positive and negative readings, pointing to a highly sensitive environment driven by leverage and short-term speculation.

This type of behavior typically signals a market lacking clear directional consensus. Instead of sustained accumulation or distribution, participants are frequently opening and closing positions, reacting to short-term price movements rather than committing to longer-term trends.

In this context, XRP’s recent retrace reflects more than just price volatility—it underscores a fragile structure shaped by leveraged activity and rapid repositioning. Until a more stable trend emerges, price action is likely to remain reactive, with heightened sensitivity to both market sentiment and liquidity conditions.

Liquidity Concentrates on Binance as Positioning Diverges

The analysis highlights a fragmented derivatives landscape for XRP, with Binance emerging as the dominant hub for new positioning. According to the latest data, Binance recorded a positive open interest change of approximately +188.7 million XRP, the largest inflow across all tracked platforms. This suggests a meaningful increase in liquidity, likely driven by the opening of new long positions or renewed speculative exposure.

Bybit followed with a +68.1 million XRP increase, reinforcing the view that certain exchanges continue to attract active traders despite broader market uncertainty. However, beyond these platforms, the picture becomes less consistent.

Kraken posted a modest +800,600 XRP increase, while other exchanges showed clear signs of contraction. BitMEX recorded a decline of approximately -8.15 million tokens, OKX fell by around -30.8 million tokens, and Bitfinex saw a drop of -9.36 million tokens, marking it as the weakest venue in terms of open interest change.

Structurally, this divergence signals uneven market participation. Liquidity is increasingly concentrated on Binance, while other platforms reflect reduced activity or active de-risking. This split suggests a market lacking unified conviction, where some traders are building exposure, while others are closing positions and reducing risk, reinforcing XRP’s current unstable and reactive structure.

XRP Attempts Stabilization After Prolonged Downtrend

XRP’s daily chart shows a prolonged downtrend with early signs of stabilization, as price consolidates around the $1.40–$1.50 region following a sharp decline in recent months. The broader structure remains bearish, with the price consistently printing lower highs and lower lows since late 2025.

The most significant move occurred in early February, when XRP experienced a capitulation event toward the $1.20 level, accompanied by a notable spike in volume. This type of move often signals forced liquidations and panic-driven selling, which can mark local exhaustion zones. Since then, price has entered a tight consolidation range, suggesting that selling pressure is beginning to ease.

However, the price remains below all key moving averages, including the 200-day moving average, which continues to trend downward and act as strong resistance. The shorter-term averages are also sloping lower, reinforcing the idea that the market is still in a corrective phase rather than a confirmed recovery.

The recent bounce toward $1.50 reflects tentative buying interest, but lacks strong volume confirmation. For momentum to shift, XRP must reclaim the $1.50–$1.60 zone and hold above it. Until then, price action is likely to remain range-bound within a broader bearish structure.

Cover image from ChatGPT, XRPUSD chart from Tradingview

The XRP price is showing signs of a recovery after breaking above the $1.4 resistance that had held it down for weeks. As the cryptocurrency attempts to climb even higher, market analysts remain divided on its next move, outlining three possible price paths. At the same time, the XRP Ledger (XRPL) is surging, with ecosystem usage reaching new levels. This spike in on-chain activity is helping to fuel new optimism and could play a key role in supporting XRP’s upward momentum. 

Analyst Outlines Three Scenarios For The XRP Price

A crypto market analyst known as Bird on X has laid out three potential scenarios for the XRP price as the cryptocurrency traded around $1.52 at the time of the analysis. Despite experiencing a major rebound this week, XRP has given up much of those gains and is now back down to $1.46, reflecting a 4% decline in the last 24 hours, according to CoinMarketCap.

In his 4-hour chart, Bird shows that XRP has been grinding sideways since early February, with the XRP price respecting a descending trendline that has capped each recovery attempt. That trendline, drawn from the January highs near $1.85 to $1.45 in March, has now been decisively broken, with price briefly pushing toward $1.60 before pulling back. 

Following this reversal, XRP is now testing the upper boundary of a clearly defined range that has held it between roughly $1.15 and $1.55 for weeks. Bird marks this area as a purple rectangular zone on the chart, reflecting a broader accumulation range where bulls and bears have been battling. 

With XRP now at a key inflection point, Bird has outlined three potential pathways currently shaping market sentiment. The first scenario points to a deeper pullback that sweeps recent lows before any meaningful rally materializes. The second path sees XRP climbing to $1.80 before entering another prolonged sideways period lasting months. 

The third and most optimistic scenario suggests that XRP’s corrective phase could be complete, with the cryptocurrency now positioned for a bullish continuation higher without revisiting lower levels. Bird made his preference clear, stating that he hopes XRP takes the third path. 

Supporting the bullish case, the analyst has also pointed to a notable uptick in on-chain activity across the XRP Ledger, alongside fresh news and narratives beginning to circulate about the project. He also flagged the timing around St. Patrick’s Day on March 21 as a possible calendar catalyst that could fuel near-term momentum. 

XRP Ledger Surpasses 7.7 Million Holders

Expanding on the recent surge in the XRP Ledger, data from crypto analytics platform Santiment reveals that XRPL has exceeded 7.7 million holders for the first time since its 13-year history, as network participation continues to accelerate at a notable pace.

The milestone arrived alongside a sharp surge in daily active addresses. On March 16, active wallets reached 46,767, the highest level since February 12 and representing a five-week peak in network engagement. The activity spike also coincided with the XRP price jumping over 14% within a 48-hour window, pushing the cryptocurrency above $1.60. 

Bhutan’s latest Bitcoin transfers have revived one of the market’s more unusual sovereign-BTC questions: is the kingdom still mining, or is it now mainly selling from an older reserve? Arkham said wallets tied to Bhutan moved another $44.44 million in BTC, bringing total transfers from those addresses to $72.3 million over 24 hours, while noting that the last Bhutan-linked inflow above $100,000 was seen more than a year ago.

That detail is what turned a routine wallet movement into a bigger story. If the identified wallets are no longer receiving fresh mining rewards, the obvious interpretation is that Bhutan’s state-backed mining operation may have slowed or stopped. Arkham pushed that line directly, asking whether Bhutan had halted mining after highlighting repeated outbound transfers and the long gap in visible inflows.

The selling pattern itself is not new. Arkham had already flagged another $27.8 million BTC transfer a day earlier and said Bhutan had also moved $11 million last week, with roughly that same amount sent to an address previously used in similar transactions. According to Arkham, Bhutan has periodically sold portions of its Bitcoin in clips of roughly $5 million to $10 million, with a particularly active phase around mid-to-late September 2025.

HAS BHUTAN STOPPED MINING BITCOIN?

Bhutan just moved another $44.44M BTC out of its accounts. Bhutan has moved $72.3M BTC out of its addresses in the past 24 hours.

Bhutan’s last >$100K BTC inflow was over 1 year ago. Has Bhutan stopped mining Bitcoin? https://t.co/IhcGDMRH0t pic.twitter.com/qvQuKXXoaU

— Arkham (@arkham) March 18, 2026

Has Bhutan Really Stopped Bitcoin Mining?

Still, the on-chain evidence does not settle the question on its own. Bhutan kept its mining activity secret for years. It only became public through investigations tied to the bankruptcies of Celsius and BlockFi. That history leaves open a more cautious interpretation: DHI may still be operating under the radar and routing fresh mining rewards to new, as-yet unidentified wallets. In other words, the absence of inflows to the known addresses does not necessarily prove the mining has ended.

Another possible explanation is seasonality. Bhutan’s mining model is tightly linked to hydropower, and the country’s electricity production is highly dependent on weather patterns and the time of year. During the winter months, lower rainfall and reduced water levels can lead to a marked decline in power generation. In the summer, by contrast, Bhutan produces large energy surpluses. In that case, the absence of fresh inflows could reflect a seasonal drop in the amount of surplus electricity available for mining.

That distinction matters because Bhutan has never presented Bitcoin as a short-term trade. In a public statement tied to Gelephu Mindfulness City, the country said, “Bitcoin is not being held as an object of speculation. It is being set aside with purpose. This is not an experiment. It is a commitment.” Those lines suggested a strategic, state-level view of Bitcoin tied to Bhutan’s broader economic and energy model rather than opportunistic treasury management.

Even so, the recent flows raise legitimate questions about what that strategy now looks like in practice. If Bhutan is still mining, it may simply be doing so through wallets that are no longer publicly linked to the operation. If it is not, then the current transfers look less like portfolio rotation and more like continued reserve monetization from a stockpile accumulated over earlier years of hydro-powered mining.

The deeper point is not just whether Bhutan sold another tranche of BTC. It is that one of the world’s most closely watched sovereign Bitcoin holders has become harder to read at exactly the moment its visible wallets show distribution, not accumulation. Until new inflows appear or new wallet infrastructure is identified, the question Arkham raised will remain open: not whether Bhutan is moving Bitcoin, but whether it is still producing it.

At press time, BTC traded at $70,394.

Банк России ответил на вопрос о цифровом рубле как средстве оплаты покупок на сайтах и в мобильных приложениях. Вопрос и ответ были опубликованы в телеграм-канале главного финансового регулятора.

Крупнейший публичный корпоративный держатель биткоинов, компания Strategy практически догнала самую крупную инвестиционную компанию мира BlackRock по числу накопленных биткоинов. На четверг, 19 марта, в управлении IBIT, привязанного к курсу биткоина биржевого фонда BlackRock, находится 784 062 BTC, тогда как Strategy располагает 761 068 BTC.

XRP has retraced below the $1.50 level, reflecting renewed volatility and sharper price swings across the broader cryptocurrency market. After a brief period of relative stability, the asset is now facing increased uncertainty, with traders reassessing short-term direction as momentum begins to fade.

Beyond price action, on-chain and derivatives data are signaling a more subtle but important shift in market dynamics. According to a recent report by CryptoQuant analyst Arab Chain, data from Binance’s XRP Institutional Accumulation Model reveals a notable divergence between price behavior and underlying investor activity.

The index is currently in negative territory, with a reading of approximately -0.14, while XRP continues to trade near $1.46. This discrepancy is significant. Historically, positive readings in this model have been associated with strong institutional inflows and sustained upward trends. In contrast, negative values suggest weak accumulation or even early signs of distribution among larger market participants.

In this context, XRP’s ability to maintain relatively elevated price levels despite declining institutional interest may indicate a temporary equilibrium. However, the absence of strong accumulation flows raises questions about the sustainability of current price levels if broader market conditions remain unstable.

Institutional Signals Point to Equilibrium, Not Conviction

The report highlights that the historical behavior of the XRP Institutional Accumulation Model provides important context for current conditions. Periods of strongly positive readings have typically aligned with or preceded sustained upward trends, reflecting strategic positioning by institutional participants building long-term exposure. In contrast, negative readings—such as the current -0.14 level—tend to signal weak accumulation or the early stages of distribution, where large players are either inactive or gradually reducing exposure.

That said, the present setup is not entirely bearish. XRP continues to trade at relatively elevated levels despite the lack of strong institutional inflows. This divergence suggests the market may be in a temporary equilibrium, where participants are holding positions rather than aggressively buying or selling. In such environments, price can remain stable, but conviction is typically limited.

From a structural perspective, the persistence of negative readings indicates that new catalysts are likely required to re-engage institutional capital. This could come from macro improvements, regulatory clarity, or renewed demand within the ecosystem. Conversely, a sustained shift of the index back into positive territory would likely act as an early confirmation of accumulation, signaling that smart money is returning and potentially supporting a stronger directional move.

XRP Struggles Below Key Resistance After Sharp Breakdown

XRP’s 3-day chart reflects a clear structural breakdown followed by a tentative recovery, with price currently stabilizing just below the $1.50 level. The recent decline from the $2.00–$2.20 region confirms a continuation of the broader downtrend, as XRP continues to print lower highs and lower lows since late 2025.

The most notable feature is the aggressive selloff in early February, where the price briefly capitulated toward the $1.20 region before finding support. This move was accompanied by a spike in volume, suggesting forced selling or liquidation-driven pressure, often seen at local exhaustion points.

Since then, XRP has entered a consolidation phase between $1.30 and $1.50, attempting to build a base. However, the asset remains below key moving averages, particularly the 200-day moving average, which continues to act as dynamic resistance. The shorter-term averages are also trending downward, reinforcing the lack of bullish confirmation.

Structurally, XRP now faces a critical test. A sustained reclaim of the $1.50–$1.60 zone would be required to shift short-term momentum. Until then, the current price action appears to be a relief bounce within a broader corrective trend, with limited evidence of strong accumulation or trend reversal at this stage.

Featured image from ChatGPT, chart from TradingView.com 

Глава отдела исследований американской компании Galaxy Research Алекс Торн (Alex Thorn) заявил, что риски взлома Биткоина квантовыми компьютерами сильно преувеличены.

Крупные корпоративные инвесторы приобрели за февраль 81 200 биткоинов — в шесть раз больше объема новой эмиссии первой криптовалюты за тот же месяц. Показатель стал максимальным с октября прошлого года, сообщили аналитики компании Bitwise.

Сингапурская криптобиржа Crypto.com сократила количество сотрудников примерно на 12%, объяснив автоматизацией рабочих процессов при помощи искусственного интеллекта.

Hyperliquid has picked up one of its clearest endorsements yet from traditional finance. S&P Dow Jones Indices has licensed the first official S&P 500 perpetual contract to Trade[XYZ] on Hyperliquid, giving the exchange a flagship US equity benchmark just as HYPE extends a rally tied to the platform’s fast-growing role in round-the-clock macro trading.

The deal matters because it lands at a moment when Hyperliquid is no longer being treated as just another crypto-perps venue. In recent weeks, the platform has been pulling in heavy activity around oil, gold and other non-crypto markets while Wall Street is closed.

Hyperliquid processed more than $500 million in oil-linked volume over 24 hours on March 16, with HIP-3, its real-world-asset framework launched in October 2025, now accounting for as much as 30% of daily trading volume. HYPE has moved with that shift: Over the past 10 days, the token price is up more than 37% despite a challenging macro environment.

Hyperliquid Momentum Keeps Building

That is the backdrop for Wednesday’s announcement. S&P DJI said the product is the “first and only officially licensed” S&P 500 perpetual, supported by institutional-grade index data and designed for eligible non-US investors seeking 24/7 leveraged exposure onchain. The release also noted that the S&P 500 sits at the center of a market ecosystem with more than $1 trillion in daily linked exposure across futures, options, ETFs and structured products.

Trade[XYZ] leaned hard into the idea that this is less about a single listing than a change in market structure. “For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes.” In the same thread, the firm said the contract is “anchored by the official index data required for deep liquidity and institutional confidence at scale.”

Hyperliquid founder Jeff Yan framed the launch as validation of the broader thesis. “Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone’s past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance,” he wrote.

Cameron Drinkwater, chief product and operations officer at S&P Dow Jones Indices, tied the move to a broader push into digital market structure. “This collaboration expands access and utility of our flagship benchmarks within digital trading environments. We believe digitally-native investors should demand the institutional-quality standards that define our indices, and we are thrilled to work with Trade[XYZ] to do so,” he said.

Trade[XYZ] is pitching the deal as part of a larger effort to migrate core global markets onchain. Collins Belton, chief operating officer and general counsel of Trade[XYZ]’s parent company, said, “We developed XYZ with a vision of bringing the world’s most important markets on-chain. The S&P 500 is a natural starting point. It represents the most widely tracked equity index on earth and has been the defining benchmark for global equities for decades.” He added that making the contract accessible “24/7 on Hyperliquid” brings the company “one step closer to that vision.”

That is why the S&P launch looks bigger than a branding win. Trade[XYZ] said its markets have already surpassed $100 billion in volume since October 2025 and are running at an annualized pace above $600 billion. Add an official S&P 500 perpetual to a venue already absorbing weekend macro flow, and the picture sharpens: Hyperliquid is increasingly being used as a 24/7 price-discovery layer for assets traders once assumed would remain on traditional rails.

At press time, HYPE traded at $40.814.

Компания American Bitcoin, соучредителем которой является сын американского президента Эрик Трамп, по числу накопленных биткоинов поднялась на 16 место среди публично торгуемых компаний. Во владении майнера сейчас 6899 биткоинов, говорят данные BitcoinTreasuries.

Крупнейшая децентрализованная кредитная криптоплатформа на BNB Chain, Venus Protocol, накопила более $112 млн совокупного ничем не обеспеченного долга из-за нескольких крупных взломов хакерами. Последняя атака произошла 15 марта.