Crypto Price Analysis 3-19: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, ONDO FINANCE: ONDO, FILECOIN: FIL, COSMOS: ATOM

The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts. Bitcoin (BTC) is trading around the $83,200 mark as it recovers from a substantial dip when it fell to a low of $81,190. 

The flagship cryptocurrency is marginally up over the past 24 hours as it prepares for another crack at moving past the 200-day SMA and the resistance at $84,000-$85,000. 

Meanwhile, Ethereum (ETH) crossed $1,900 as its recovery gained momentum. The world’s second-largest cryptocurrency is up almost 2%, trading at $1,937. Ripple (XRP) also registered a marginal increase and is trading just below the $2.40 level. Solana (SOL) has also gained momentum over the past 24 hours, with the price up over 1% and trading above $125. Cardano (ADA) has registered a marginal increase, while Dogecoin (DOGE) has registered a marginal decline. Chainlink (LINK) is also down by almost 1%, trading at $13.95. Meanwhile, Tron (TRX), Toncoin (TON), Stellar (XLM), Hedera (HBAR), and Polkadot (DOT) registered substantial increases. 

ZachXBT Raises Alarm About Crypto Industry Failures 

On-chain investigator ZachXBT has delivered a scathing assessment of the crypto industry’s approach to security, regulatory compliance, and efforts to curb and combat illicit transactions. He also raised alarm about the growing incidences and severity of exploits within the sector, giving the Bybit breach as a recent example. The on-chain investigator criticized the industry’s reluctance to enforce internal accountability, highlighting gaps in existing safeguards and current practices that failed to address systemic vulnerabilities. ZachXBT stated, 

“Spending long hours helping freeze funds for the Bybit hack has been eye-opening. This industry is unbelievably cooked when it comes to exploits/hacks, and sadly [I don’t know] if the industry is going to fix this itself unless the government forcibly passes regulations that hurt our entire industry. Several ‘decentralized’ protocols have recently had nearly 100% of their monthly volume/fees derived from DPRK and refuse to take any accountability.”

ZachXBT also accused centralized exchanges of being slow to respond to suspicious transactions and criticized existing compliance measures. He stated that Know Your Transaction systems could easily be bypassed, while Know Your Customer (KYC) requirements regularly expose users to data breaches instead of stopping bad actors. He warned that governments may impose strict regulations, potentially harming the industry, adding that the sector is unlikely to stop these vulnerabilities on its own. 

“DPRK laundering $1.4B from the recent hack has only exposed how broken it is.”

Coinbase Launches Verified Pools 

Coinbase has launched a new liquidity solution to make on-chain trading safer and more transparent for institutional and retail users. The new feature, called verified pools, was announced on March 18 and significantly lowers counterparty risk by combining identity verification and liquidity pools. Decentralized finance, while removing middlemen has been plagued with risks due to the anonymity it offers. Verified Pools addresses this by requiring users to link their Coinbase Wallet, Prime Onchain Wallet, or third-party wallets using a Coinbase Verifications credential, giving on-chain transactions an extra layer of trust. 

Verified Pools uses “hooks” to enable advanced smart contract functionality and allow traders to customize trading features. Coinbase has also partnered with Gauntlet to optimize the health of the liquidity pool. All transactions occur on Base, Coinbase’s Layer2 network, helping reduce costs and improve speed. Verified Pools is available only in the US, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands. 

US Lawmakers Urge Trump To Drop Crypto 

Four US senators, including Elizabeth Warren, have written to White House Chief of Staff Susie Wiles, raising concerns about President Trump’s involvement in cryptocurrency and digital assets. The letter, signed by Warren (D-MA), Richard Blumenthal (D-CT), Jeffrey A. Merkley (D-OR), Chris Van Hollen (D-MD), and Raskin (D-MD), raises significant concerns about Trump’s ties with the crypto industry. The letter stated, 

“Donald Trump flips on crypto: From ‘scam’ to building a ‘crypto army.”

They also highlighted the TRUMP meme coin, stating it earned his family and business partners almost $100 million in trading fees alone in less than 14 days. The letter also raised alarms about foreign influence and Commerce Secretary Howard Lutnick’s financial ties, stating, 

“President Trump and Commerce Secretary Lutnick, whose firm is a major crypto investor, can discourage financial regulation of cryptocurrencies, even as unregulated crypto markets present warning signs of a bubble that could lead to another financial crash.”

The senators also warned of Tesla CEO Elon Musk’s growing influence in the federal government, which has been amplified through the newly created Department of Government Efficiency. 

“Perhaps most concerning, President Trump has ceded power to the world’s richest man, Elon Musk, who stands to profit from the Department of Government Efficiency’s (DOGE) attempts to raze the executive branch.”

They also claimed at least 11 of the agencies with pending investigations and complaints against Musk’s businesses have been weakened, allowing him to benefit financially with little oversight. 

Stablecoin Legislation In Two Weeks: Bo Hines 

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has said that stablecoin legislation is imminent, following the Senate Banking Committee’s approval of the GENIUS ACT earlier this month. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act issues guidelines for stablecoin issuers and was passed on March 13. Hines stated, 

“We saw that vote come out of the Senate Banking Committee in an extremely bipartisan fashion. I think our colleagues on the other side of the aisle also recognize the importance of US dominance in this space, and they’re willing to work with us here, and that’s what’s exciting about this.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) saw a substantial uptick in bearish sentiment on Tuesday as the price plunged to a low of $81,366 before recovering to settle at $82,933. The flagship cryptocurrency is trading at $83,450 as it struggles to build momentum to push above key resistance levels. BTC’s price action has drawn a range of reactions from industry experts. Recently, CryptoQuant CEO Ki Young Ju warned that BTC’s bull cycle had ended. The warning came only days after Ju had said it was too early to call the current market a bear market. The CryptoQuant CEO predicted 6-12 months of sideways or bearish movement for the flagship cryptocurrency. However, some analysts have said BTC is witnessing a normal correction, with the price top yet to come. Collective Shift CEO Ben Simpson stated, 

“I don’t think the bull run is over; I think the peak of the cycle has been pushed back due to macro conditions, and global liquidity isn’t pretty, which isn’t helping crypto. It is only the third or fourth correction we’ve had over 25% we’ve had in Bitcoin this cycle compared to 12 last cycle”

BTC is trading around 25% lower from its all-time high of $109,000 thanks to market uncertainty created by President Donald Trump’s tariffs and speculation about the Federal Reserve’s decision on interest rate cuts. 

“Things got overheated, and they needed to cool down, and the market needed to find a new foundation, and now we’re waiting for the next new narrative.”

Derive founder Nick Forster echoed the same sentiment, stating that BTC is likely in a normal correction phase. 

“Historically, Bitcoin experiences these types of corrections during long-term rallies, and there’s no reason to believe this time is different.”

Simpson stated that BTC's next narrative will revolve around US rate cuts, easing quantitative tightening, and increasing global liquidity. Capriole Investments founder Charles Edwards also said he isn’t sure if BTC’s bull run is over. 

“Yes, from an on-chain perspective at present, but that could change quickly if the Fed starts easing in the second half of the year, stops balance sheet reduction, and dollar liquidity grows as a result, which I think has decent odds of happening.”

BTC registered a sharp drop last Sunday as it plunged below the 200-day SMA and $80,000 to a low of $79,987. It made a marginal recovery from this level to reclaim $80,000 and settle at $80,736. BTC attempted a recovery on Tuesday, surging to an intraday high of $84,075. However, it could not stay at this level and dropped almost 3%, slipping below $80,000 and settling at $78,620. BTC plunged to an intraday low of $76,642 on Tuesday as selling pressure intensified. The price rebounded from this level to register an increase of 5.50%, reclaim $80,000, and settle at $82,943. Buyers retained control on Wednesday as BTC registered a marginal increase and moved to $83,709. However, the price lost momentum after reaching this level, dropping over 3% on Thursday and settling at $81,136.

Source: TradingView

Markets rallied on Friday as bullish sentiment returned. As a result, BTC rose 3.53%, moving past the 200-day SMA to reach an intraday high of $85,363 before settling at $84,002. BTC continued to push higher on Saturday, registering a marginal increase and settling at $84,398. Selling pressure returned on Sunday as BTC dropped over 2^ to end the weekend on a bearish note at $82,611. BTC started the current week positively, rising almost 2% and settling at $84,017. However, selling pressure returned on Tuesday as the price fell to a low of $81,171 before settling at $82,728. The current session sees BTC up almost 1% and trading at $83,447. Buyers will look to build momentum and push BTC above the 200-day SMA and $85,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) is trading in a narrow zone between $1,800 and $2,000 as it struggles to build momentum and move past $2,000. ETH managed to stay above and consolidate above $1,900, a crucial technical and psychological level. The inability of the bears to drive ETH below $1,800 suggests that bulls have not ceded much ground. However, ETH’s plunge to a low of $1,759 sparked concerns about a growing selling pressure. ETH whales have also sold a chunk of their assets, as indicated by spikes in selling volumes.

ETH plunged below $2,000 on Monday after a failed recovery dropped the price by almost 8% to $1,865. ETH fell to an intraday low of $1,759 on Tuesday as selling pressure intensified. However, ETH rebounded from this level to register an increase of over 3% and settled at $1,923. Bearish sentiment returned Wednesday as the price fell almost 1% to $1,909. Buyers retained control on Thursday as ETH fell over 2% and settled at $1,865. However, sentiment changed on Friday as the price registered an increase of almost 3% and settled at $1,912.

Source: TradingView

ETH continued to push higher on Saturday, rising 1.35% and settling at $1,938. However, despite the positive sentiment, ETH fell short of $2,000. ETH was back in the red on Sunday, dropping almost 3%, slipping below $1,900 and settling at $1,888. ETH started the current week positively, rising over 2% to reclaim $1,900 and settle at $1,927. Buyers retained control on Tuesday as ETH registered a marginal increase. The current session sees ETH up almost 1% and trading at $1,929. Buyers will look to build momentum and push ETH past $2,000. However, if sellers take control, ETH could drop to $1,800. A break below this level could drive the price to $1,700. However, the MACD is bullish, indicating buyers have the upper hand.

Solana (SOL) Price Analysis

Solana (SOL) started the previous week on a bearish note, dropping almost 7% on Monday, slipping below $120 and settling at $118. The price fell to $112 on Tuesday as selling pressure intensified. However, it rebounded from this level to register an increase of almost 6% to reclaim $120 and settle at $125. Buyers retained control on Wednesday as SOL registered an increase of over 1% and settled at $126. However, it was back in the red on Thursday, dropping 2.53% and settling at $123. Buying pressure increased substantially on Friday as SOL rose 8% to move past $130 and settle at $133.

Source: TradingView

Buyers retained control on Saturday as the price registered an increase of almost 2% and settled at $135. However, with the 20-day SMA acting as a dynamic resistance level, SOL lost momentum, dropping nearly 10%, slipping below $130 and settling at $126. SOL recovered on Monday, rising 1.58%, but was back in the red on Tuesday, falling over 2% to $125. The current session sees SOL marginally up as buyers look to build momentum and push the price towards the 20-day SMA. On the other hand, sellers will look to retake control and drive the price below $120.

Ripple (XRP) Price Analysis

Ripple (XRP) registered a substantial increase last week as it crossed the 20-day SMA, reaching a high of $2.47. XRP started the previous week in the red after surging to a high of $2.25 on Monday. It lost momentum after reaching this level and dropped over 5%, falling to $2.02. The price plunged to an intraday low of $1.90 on Tuesday as selling pressure intensified. However, it rebounded from this level to register an increase of over 7% and settle at $2.17. Buyers retained control on Wednesday as XRP rose over 3% and settled at $2.23. XRP surged to an intraday high of $2.35 on Thursday. However, it lost momentum after reaching this level and dropped to $2.25, ultimately registering a marginal increase.

Source: TradingView

XRP pushed above the 20-day SMA on Friday after registering an increase of almost 5% and settled at $2.35. The price surged to an intraday high of $2.47 as bullish sentiment intensified. However, it could not stay at this level and dropped to settle at $2.39, ultimately registering an increase of 1.45%. XRP lost momentum on Sunday as the price fell over 4%, slipping below the 20-day SMA and settling at $2.29. The current week started positively as the price rose almost 2% and settled at $2.34. However, it could not move past the 20-day SMA and fell over 2% on Tuesday, settling at $2.28. The current session sees XRP up over 1% and trading at $2.31. Buyers will look to build momentum and push XRP above the 20-day SMA and $2.50. The RSI and MACD suggest bulls have the upper hand, indicating the price could see an uptick.

Ondo Finance (ONDO) Price Analysis

Ondo Finance (ONDO) is struggling to reclaim $1 after its recent decline saw the price drop below it last weekend (Sunday). ONDO dropped almost 8% on Monday, falling to $0.782. The price fell to an intraday low of $0.730 on Tuesday as selling pressure intensified. However, it rebounded from this level, rising over 6% and settling at $0.829. Buyers retained control on Wednesday as ONDO rose almost 6% and settled at $0.875. However, it lost momentum after reaching this level and dropped 5.51% on Thursday and settled at $0.827.

Source: TradingView

Buyers returned to the market on Friday as ONDO rose almost 5% and settled at $0.868. The price registered a marginal increase on Saturday before dropping over 6% on Sunday, ending the weekend at $0.814. The current week started positively, as ONDO rose over 5%, reaching an intraday high of $0.884 before settling at $0.856. However, it was back in the red on Tuesday, dropping over 2% to $0.837. The current session sees ONDO marginally up as buyers and sellers struggle to establish control.

Filecoin (FIL) Price Analysis

Filecoin (FIL) is struggling to move past the 20-day SMA, with the price down almost 4% during the ongoing session. FIL started the previous week in the red, dropping over 5% to $2.64. Selling pressure intensified on Tuesday as the price fell to an intraday low of $2.44. However, it rebounded from this level to register an increase of 3.56% and settled at $2.73. Buyers retained control as FIL rose almost 2% on Wednesday and settled at $2.78. The price fell back in the red on Thursday, dropping over 1% and settling at $2.75. It rebounded on Friday, registering an increase of almost 5% and settling at $2.88.

Source: TradingView

FIL continued to push higher on Saturday, rising 2.50% and settling at $2.95. However, it lost momentum after reaching this level and dropped almost 4% on Sunday to settle at $2.84. Bullish sentiment returned on Monday as FIL surged over 6% to reclaim $3 and settle at $3.02. The price fell back on Tuesday thanks to the 20-day SMA acting as a dynamic resistance level. As a result, the price dropped 3.47% and settled at $2.92. The current session sees FIL marginally down as buyers and sellers struggle to establish control.

Cosmos (ATOM) Price Analysis

Cosmos (ATOM) plunged to an intraday low of $3.39 on Tuesday as selling pressure intensified at the beginning of the week. The price rebounded from this level, rising over 8% and settling at $3.88. The price encountered volatility on Wednesday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as ATOM registered a marginal increase and settled at $3.90. The price registered another marginal increase on Thursday before surging almost 10% on Friday to move past $4 and settle at $4.28.

Source: TradingView

ATOM went past the 20-day SMA on Saturday as bullish sentiment intensified, registering an increase of 8.49% and settling at $4.64. It lost momentum on Sunday thanks to sellers being active at higher levels. As a result, the price fell almost 1% and settled at $4.61. ATOM faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as ATOM registered a marginal increase and settled at $4.63. Buying pressure registered a substantial rise on Tuesday as the price crossed the 50-day SMA to $4.73. The current session sees ATOM down almost 3%, slipping below the 50-day SMA and trading at $4.60.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.