Из жизни альткоинов

Токен криптопроекта Mantra (OM) обрушился более чем на 90%, за несколько часов упав с $6,30 ниже $0,50. Генеральный директор Mantra Джей Пи Маллин (JP Mullin) объяснил падение курса принудительной ликвидацией на централизованных биржах.

Back in 2021, the Dogecoin price reached its $0.7376 all-time high after having a legendary run spurred on by billionaire Elon Musk shilling the meme coin on X (formerly Twitter). At the time, the meme coin hit this peak price after touching an $80 billion market cap. However, things have changed since then and due to the inflationary nature of Dogecoin, hitting this market cp again would not see it hit this peak price again.

Dogecoin Supply Rises By 40% In 3 Years

Unlike Bitcoin, the Dogecoin supply is designed in a way that it is infinite. This means that that there is an endless supply of DOGE tokens to be mined, and this comes back to the fact that the altcoin was created as a joke. So, over the years, the supply has continued to rise as mining has continued.

Back in 2021, the total circulating Dogecoin supply was a little above 108 billion when it hit its $0.7376 all-time high. This put the market cap at all-time high at just a little over $80 billion. Fast forward to 2025 and the DOGE circulating supply has risen steadily risen, recording an over 40% increase in the past three years. At the time of writing, the Dogecoin supply is sitting at 148.83 billion DOGE.

With this increase in supply, it means that the Dogecoin market cap would have to be significantly higher for it to reach the same $0.7376 peak from 2021. Using the current circulating supply and multiplying it by the all-time high price, the market cap would have to hit approximately $110 billion to reach the same highs from 2021.

Furthermore, as already explained above, the DOGE supply is designed to keep increasing and miners receive more rewards from their activities. This means that the market cap that DOGE would have to reach to clock its previous highs will continue to rise with the passage of time.

DOGE Price Hitting $1 At $148 Billion

For this cycle, the major target for the Dogecoin price has been the $1 target, but so far, the meme coin has only managed to go halfway to $0.5 before being pulled down by the market crash. This expectation has been spurred by major developments for the altcoin such as the launch of a potential Dogecoin ETF.

AI predictions have also become increasingly popular and once of those if the Grok AI prediction that the Dogecoin price will likely hit $1 in 2026. But interestingly, the CoinCodex algorithm predicts that the Dogecoin price will not hit $1 until 2029, giving another 3-year runway of low price expectations.

Featured image from Dall.E, chart from TradingView.com

Binance co-founder Changpeng “CZ” Zhao has refuted claims that he agreed to testify against TRON founder Justin Sun as part of the settlement terms in his deal with the United States Department of Justice.

‘WSJ Is Really Trying Here’ – Binance Co-Founder

According to an April 11 report by the Wall Street Journal, CZ agreed to provide evidence against Sun as part of his plea deal with the US Justice department. Citing unnamed sources, the WSJ also alleged that Binance executives are lobbying the US Treasury to reduce its oversight of the exchange’s operations.

In a post on the social media platform X, CZ wrote that the “WSJ is really TRYING here,” downplaying the claims made in the report. According to the Binance co-founder, he wouldn’t have served any jail time, assuming he indeed became a government witness and provided information on Sun.

Zhao knew the report was coming, as he already indicated that the “WSJ is writing another baseless hit piece” in an April 11 post on X. In the latest post, CZ reiterated his belief about the report being artificially motivated, claiming someone paid the Wall Street Journal to lead a smear campaign against him. 

In a response to BlockTower Capital founder Ari Paul, CZ clarified the charges brought against him by the DoJ.

Zhao said: 

To be clear, there were NO “money laundering” or “fraud” charges. You are confusing “ANTI-money laundering” to “money laundering”. One is a failure to prevent/police. One is doing it yourself. Two very different things.

CZ was sentenced to four months in prison in April 2024 after pleading guilty to Anti-Money Laundering (AML) violations as Binance CEO. The co-founder was released from US federal prison in September 2024 and has since been involved in other endeavors in and outside the cryptocurrency industry.

Justin Sun Downplays CZ Plea Deal Rumor

In a post on X, Sun tried to play down WSJ’s allegations against CZ, saying he is not aware of the circulating rumors. “CZ is both my mentor and a close friend—he has played a crucial role in supporting me during my entrepreneurial journey,” the TRON founder said.

Sun also maintained that he has a direct and honest communication line with both CZ and the US Department of Justice. He highlighted this by mentioning that the DoJ is one of the closest and most trusted partners of T3 Financial Crime Unit (T3 FCU) — a blockchain security initiative co-founded by TRON, Tether, and TRM Labs.

US-based spot Bitcoin ETFs (exchange-traded funds) have not been left out of the escalating trade tensions between the United States and China, as they have witnessed significant withdrawals over the past few days. Due to the ongoing trade war, US investors appear to be moving away from risk assets like digital assets and crypto-based financial products.

Spot Bitcoin ETFs Extend Negative Outflow Streak To Seven Days

According to the latest market data, the spot Bitcoin ETFs witnessed a significant $713 million in total net outflow over the past week. This negative streak of capital outflows suggests a worsening climate and declining appetite for crypto exchange-traded products among United States investors.

Data from SoSoValue shows that the US-based spot Bitcoin exchange-traded registered a daily total net outflow of $1.03 million on Friday, April 11. This round of withdrawals represented the seventh consecutive day of net outflow for the crypto-based financial products.

Interestingly, most spot Bitcoin ETFs, including BlackRock’s IBIT (the largest BTC exchange-traded fund by net assets), recorded zero netflow to close the week. ARK 21Shares Bitcoin ETF (with the ticker ARKB) and Bitwise Bitcoin ETF (with the ticker BITB) were the only funds that witnessed any activity on Friday.

ARK 21Shares Bitcoin ETF saw a total inflow of $11.28 million on Friday, ending its six-day capital drought. Bitwise’s BTC exchange-traded fund, on the other hand, registered a total withdrawal of $12.31 million to close the past trading week.

As earlier mentioned, this latest round of capital withdrawals stretched the US Bitcoin ETFs’ negative streak to seven straight days of cumulative outflows. Moreover, this single-day performance brought the exchange-traded products’ weekly record to a disappointing $713 million in total net outflow.

The recent woeful performance of the spot Bitcoin ETFs can be associated with the growing uncertainty in the global financial markets, as the United States and China become embroiled in a trade war. This instability seems to be impacting other US-based crypto products, including the spot Ether ETFs.

According to data from SoSoValue, the Ethereum spot exchange-traded funds experienced a total net outflow of $29.1981 million on Friday. This negative flow of capital represented the crypto products’ fourth consecutive day of net outflows.

Bitcoin Price At A Glance

Similarly, the price of Bitcoin crumbled under the uncertain conditions of the market, falling to around $74,000 to start the past week. However, the premier cryptocurrency recovered above $83,000 after United States President Donald Trump paused tariffs on imports from other countries except China.

Bitcoin has reacted further positively to other trade news, including President Trump’s exemption of computer gadgets, smartphones, and chips from new tariffs. As of this writing, the price of BTC sits just above $85,000, reflecting an almost 2% jump in the past 24 hours.

New York lawmaker Clyde Vanel has introduced a legislative bill that would allow state agencies to accept cryptocurrency as a form of payment. This move marks the latest development in the US’s favorable approach towards the crypto industry following President Donald Trump’s inauguration in January.

New York Bill Seeks To Adopt BTC, ETH, LTC And BCH As Legal Payment Options

According to data from the New York Senate, the legislative bill A7788 sponsored by legislator Vanel aims to amend the state finance law and authorize state agencies to accept payments in cryptocurrency from all entities including individuals, partnerships, or corporations. Based on the text of the bill, the cryptocurrencies selected for such payments include but are not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). If approved by the New York Senate, state agencies can accept these assets for the settlement of fines, civil penalties, rent, rate, tax, fees, charges, and revenue amongst other financial obligations. Notably, the bill also permits New York state agencies to impose a fee to cover any additional costs in processing these cryptocurrency payments such as gas fees or transactional fees on an exchange. At the time of writing, the bill is now under review by the In Assembly Committee, where it can be debated, amended, rejected, or approved for voting on the Senate floor. Interestingly, this bill marks the second crypto-related legislation introduced by Assemblyman Vanel in the past week. On April 8, the democrat representing the New York 33rd district submitted Assembly Bill A7716 which proposes the study and evaluation of the use of potential use of blockchain technology in protecting voters’ records and election results.

The US Crypto Evolution Continues

Following the regime change in January, the US government across all levels has increased its interest in the cryptocurrency industry. Notably, at least eighteen states are actively reviewing bills that propose the fund allocation to set up a Bitcoin reserve after US President Donald Trump signed an executive order in March to establish a National Bitcoin Reserve. Beyond legislative efforts, national agencies including the Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corporation (FDIC) have also adopted a more embracive approach aimed at spurring the growth of the digital asset space while protecting users’ interests. In line with this shift, the SEC has notably dropped several high-profile legal cases against key crypto industry players including  Ripple, Coinbase, and Gemini while creating a task force to draft an appropriate regulatory framework for digital assets.  At the time of writing, the total crypto market is now valued at $2.66 trillion following a 0.49% decline in the past 24 hours. 

Bitcoin (BTC) has moved to reclaim the $86,000 price level following a 2.65% gain in the last 24 hours. Notably, the premier cryptocurrency has maintained a bullish form over the past few rising by over 15% since retesting the $74,000 rice zone. Amid a potential resumption of the broader bull rally, prominent crypto analyst Burak Kesmeci has highlighted notable developments in Bitcoin short-term holders MVRV (Market Value to Realized Value) ratio.

Bitcoin Market Recovery Awaits Final Signal: Analyst

In a new post on X, Kesmeci explains that Bitcoin is showing early signs of a market recovery following recent developments in the Bitcoin MVRV for short-term investors. For context, the MVRV measures investors’ profitability by comparing the market value of an asset to the price at which it was acquired.  An MVRV score below 1.00 indicates that the average holder is at a loss, while a score above 1.00 suggests profit. The MVRV for Bitcoin short-term holders i.e. addresses that have held Bitcoin for less than 155 days, is particularly important as this cohort of investors is usually the most reactive to price changes. Notably, the STH MVRV provides insight into market sentiment and potential price direction.

According to Kesmeci, the Bitcoin STH MVRV is now at 0.90, close to a profit level above 1.00. The STH MVRV had hit 0.82 amidst the recent “tax tariff poker” crisis, ignited by international tariff changes by the US government. Notably, this decline falls lower than levels seen during the Japan-based carry trade crisis on August 5, 2024, when STH MVRV dipped to 0.83. Over the last few days, the STH MVRV has climbed to 0.90 in line with the resurgence of BTC prices However, Kesmeci warns that Bitcoin must still cross 1.00 to confirm the potential for any significant price gains for short-term investors. Albeit, the rise from 0.82 to 0.90 remains a positive development that indicates an ongoing shift in market sentiment.

BTC Price Outlook

At press time, Bitcoin is trading at $85,390 following a slight price retracement in the past few hours. Amidst recent daily gains, the premier cryptocurrency is up by 2.11% on its weekly chart and 4.33% on the monthly chart as bullish momentum continues to build among investors. However, market bulls must offset the 38.98% decline in daily trading volume if the present uptrend must persist. Notably, BTC investors should expect to face ample resistance at the $88,000 price zone which has acted as a strong price barrier in previous times. Meanwhile, in the advent of any price fall, the immediate price support lies around $79,000.

Bitcoin is now trading above the $85,000 mark following an impressive rally that began on Wednesday after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China. The announcement injected a wave of optimism across financial markets, helping to ease investor fears and ignite fresh momentum in the crypto space. Since then, BTC has surged more than 15%, marking one of its strongest short-term recoveries in recent weeks.

Market sentiment has shifted quickly as buyers step back in, and Bitcoin’s strength above key technical levels suggests growing confidence among traders. However, beneath the surface, there are signs that caution is warranted. According to new insights from CryptoQuant, this rally appears to be driven in large part by leverage. Analysts warn that a leverage-driven pump is underway, not just in Bitcoin, but also across major altcoins, which could introduce heightened volatility in the coming sessions.

While the recent bounce has revived bullish hopes, the reliance on leveraged positions could leave the market vulnerable to sharp reversals. Whether this momentum can be sustained or leads to another round of liquidations remains the key question in the days ahead.

Bitcoin Faces Critical Test Amid Leverage-Driven Rally

Bitcoin is now facing a critical test as bulls attempt to reclaim the $90,000 level, a key threshold that could confirm a recovery rally and signal the end of the recent downtrend. After weeks of relentless selling pressure and macroeconomic uncertainty, Bitcoin has bounced strongly from sub-$75K levels, now trading just above $85K. Yet despite this impressive rebound, the broader market remains on edge.

Global tensions, particularly those surrounding US trade policy and the risk of a broader economic slowdown, continue to inject volatility into financial markets. Bitcoin, often seen as a high-risk asset, remains 22% down from its all-time highs as it attempts to rebuild momentum. While bulls are showing signs of strength, concerns are mounting that the recent surge may not be entirely organic.

Top analyst Maartunn shared on X that this latest move appears to be a leverage-driven pump. His data shows a significant uptick in Bitcoin’s Open Interest alongside the price surge — a signal that leveraged positions are fueling the rally. According to Maartun, this behavior is not isolated to Bitcoin. Ethereum (ETH) and Ripple (XRP) are also showing similar leverage-driven characteristics.

This trend introduces the risk of sharp corrections if positions are unwound suddenly. With funding rates and open interest climbing across major assets, the next few days will be crucial. If bulls can push BTC above $90K and sustain momentum, the recovery may continue. But failure to break this resistance — combined with excessive leverage — could lead to another round of long liquidations and renewed selling pressure.

Testing Key Technical Levels Amid Recovery Attempt

Bitcoin is currently trading at $84,900 as bulls test a major technical milestone: the 200-day Exponential Moving Average (EMA). Just above lies the 200-day Simple Moving Average (SMA) near $87,300, placing BTC less than 3% away from breaking through both critical resistance zones. These indicators often serve as long-term trend signals, and reclaiming them would strengthen the case for a full recovery rally.

If bulls manage to push the price above the recent local high at $88,800, it could confirm a short-term trend reversal and open the path toward $94K and beyond. Momentum is building following a 15% surge over the past few days, supported in part by macroeconomic relief, including a 90-day pause on US tariffs.

However, risks remain. Failing to hold the $82K support level would be a bearish signal, likely triggering increased selling pressure. A decisive move below $82K could drag BTC back under $80K, erasing recent gains and placing bulls on the defensive once again. With volatility still elevated and market sentiment mixed, the coming days will be crucial in determining whether BTC can sustain this upward momentum or face renewed downside.

Featured image from Dall-E, chart from TradingView