Crypto Price Analysis 3-26: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, UNISWAP: UNI, APTOS: APT, DOGWIFHAT: WIF, AXIE INFINITY: AXS

The crypto market continued to increase over the past 24 hours, rising almost 1% to $2.86 trillion as it inches towards the $3 trillion mark. Bitcoin (BTC) saw a marginal rebound as it went from $86,380 to $88,447 before declining to its current level. The flagship cryptocurrency is up almost 1% and trading around $87,220. 

Meanwhile, Ethereum (ETH) maintained its position above $2,000, registering a marginal increase over the past 24 hours and trading at $2,055. However, it has been unable to make any substantial gains. Ripple (XRP) is up almost 1%, while Solana (SOL) is up nearly 2%, trading at $142. 

Dogecoin (DOGE) continued its upward trajectory, registering an increase of over 4% and trading at $0.192. Cardano (ADA) is up almost 2%, while Chainlink (LINK) is up over 3% and trading at $15.65. Stellar (XLM), Hedera (HBAR), and Polkadot (DOT) also registered notable increases, but Toncoin (TON) continued to trade in the red, with its price down almost 1%. 

Donald Trump’s Bitcoin Reserve “Nothing New”

The crypto and financial community are experiencing a significant buzz after the US’ policy pivot to crypto and the announcement of a strategic Bitcoin reserve and a crypto stockpile. However, a strategist from Deutsche Bank has dismissed Donald Trump’s crypto reserve as “Nothing New.” Marion Laboure, managing director and strategist at Deutsche Bank, disregarded the relevance of a strategic Bitcoin reserve and a crypto stockpile, stating she saw it as a continuation of many of the moves the wider digital asset industry achieved in 2024. 

“I would see it more like as a reclassification, nothing really new given that there were already like a lot of talks going on mid-2024.”

She added there were still many unknowns regarding the operations of such a reserve, which could explain the mellow response of the markets to these developments. 

“We don’t know which cryptos will be selected, we don’t know anything about the quotas, we don’t know much about the asset mix, and we don’t know much about the timeline.”

Laboure’s views echo the sentiment of many who expected the US to start purchasing Bitcoin immediately. Strategy’s Michael Saylor suggested revaluing gold and selling it to buy a sizable amount of BTC. However, the order also called for budget-neutral strategies to grow the reserve and avoid imposing incremental costs on taxpayers. 

Trump Crypto Venture Set To Launch Stablecoin 

World Liberty Financial, the crypto venture run by President Donald Trump’s sons, has announced plans to launch a stablecoin pegged to the value of the US Dollar. The new venture significantly expands the first family’s ties to the crypto industry. The launch comes as the Trump administration and Republicans are gearing up to enact regulatory changes that could benefit the crypto industry, specifically stablecoin issuers. The new legislation would establish a regulatory framework for stablecoins, giving crypto legitimacy alongside traditional banks. World Liberty Financial’s stablecoin, USD1, will be backed by short-term government treasuries, US Dollar deposits, and other cash equivalents. 

The venture is the Trump family’s latest attempt to cash in on crypto. President Donald Trump and First Lady Melania Trump launched meme coins prior to the inauguration, while Trump’s social media company, Truth Social, has also been expanding its footprint in the crypto ecosystem. Zach Witkoff, co-founder of World Liberty Financial along with the Trump’s, stated, 

“We’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

XRP And SOL ETPs See Highest Inflows 

Ripple (XRP) and Solana (SOL) registered the highest inflows among altcoin-based exchange-traded products (ETPs) during the week ending March 21. XRP ETPs registered inflows worth $6.71 million, while SOL ETPs saw inflows worth $6.44 million. Other altcoins registered significantly lower inflows, with Polygon registering inflows worth $400,000 and Chainlink with $200,000. On the other hand, Ethereum-based ETPs saw outflows worth $86 million, marking the fourth consecutive week of investor pullback. Despite Ethereum’s losses, the digital asset market ended a five-week streak of outflows by registering inflows worth $644 million. Bitcoin led the recovery with $274 million in inflows, the bulk of which came from the US, where BlackRock’s iShares Bitcoin Trust (IBIT) played a significant role. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) could suffer its worst quarter in years unless it pulls off a huge rally in the next few days. The flagship cryptocurrency is down almost 7% over the quarter, which ends on March 31 making it BTC’s worst Q1 performance since 2020, when it registered a decline of nearly 11%. However, analysts believe a substantial jump in prices before the quarter looks unlikely, with Swyftx lead analyst Pav Hundal saying the crypto market will be “flying a little blind” until the middle of April when the market will have clarity on Donald Trump’s tariff plans. However, he added that economic data shows the global economy is in decent shape. 

However, other analysts believe it's only a matter of time until Bitcoin sees its next significant rally. According to crypto commentator Colin Talks Crypto, BTC could begin its next major rally around April 30, while Swan Bitcoin CEO Cory Klippsten believes there is a 50% chance BTC will hit a new all-time high before the end of June. BTC is trading around $87,850, up over 1% over the past 24 hours. The crypto market was highly optimistic going into 2025 after a strong finish to 2024 when BTC hit $100,000 for the first time. However, worsening macroeconomic conditions led to a substantial downturn at the beginning of February, primarily due to uncertainty around inflation and Trump’s imposition of tariffs on key trading partners. 

BTC has seen a substantial rally this week but struggled last week despite starting it on a bullish note, rising almost 2% and settling at $84,016. However, buyers lost momentum on Tuesday as BTC fell to an intraday low of $81,187. It recovered from this level to settle at $82,725, ultimately registering a decline of 1.54%. Markets rallied on Wednesday following the FOMC meeting. As a result, BTC surged over 5%, moving past the 20 and 200-day SMAs to reach an intraday high of $87,038 before settling at $86,875. However, the rally was short-lived as BTC was back in the red on Thursday, dropping over 3%, slipping below the 20 and 200-day SMAs and settling at $84,215.

Source: TradingView

Price action remained muted on Friday and Saturday as BTC registered marginal declines and settled at $83,822. However, sentiment changed on Sunday as buyers returned to the market. As a result, BTC registered an increase of almost 3%, going past the 20 and 200-day SMAs and settling at $86,116. Buyers retained control on Monday as BTC rallied to an intraday high of $88,839 before settling at $87,523, an increase of almost 2%. However, buyers lost momentum on Tuesday as BTC registered a marginal decline. The current session sees BTC marginally up as buyers and sellers struggle to establish control. Buyers will look to retain control and push BTC above $90,000. A break above this level could set it up for a push towards $100,000. On the other hand, sellers will look to regain control and push BTC below the moving averages and $85,000. The MACD and RSI are bullish, indicating buyers have the upper hand.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has held firm above $2,000 despite facing considerable selling pressure on Tuesday, indicating that bulls are not willing to concede ground to the bears. Like BTC, ETH is also on track to suffer its worst quarter in years unless it pulls off a huge rally before March 31. The world’s second-largest cryptocurrency has dropped almost 38% during the quarter, its worst Q1 performance since 2018, when it plunged over 46%. While it may seem ETH is struggling, positive momentum is building. While trading volumes have remained relatively stable over the past 24 hours, open interest in ETH futures contracts has steadily increased since the FOMC meeting. Additionally, despite market weakness and the growing competition challenging Ethereum’s dominance in the smart contract space, the network’s stablecoin balance has registered a noticeable growth.

Despite recent price struggles, ETH has traded downwards since last Monday when it registered an increase of over 2% and settled at $1,928. The price registered a marginal rise on Tuesday despite facing considerable selling pressure and settled at $1,933. Markets rallied on Wednesday, and ETH surged over 6% to reclaim $2,000 and settle at $2,058. However, bulls lost momentum on Thursday after failing to cross the 20-day SMA and dropped almost 4%, slipping below $2,000 and settling at $1,983. Buyers retained control on Friday as ETH fell nearly 1% and settled at $1,965.

Source: TradingView

Sentiment changed over the weekend as ETH rose 0.79% on Saturday and settled at $1,981. Buyers retained control on Sunday as the price rose 1.33% to reclaim $2,000 and settle at $2,007. Bullish sentiment intensified on Monday as ETH started the current week with an increase of almost 4% and settled at $2,082. However, it lost momentum on Tuesday and registered a marginal decline to settle at $2,068. The current session sees ETH marginally down as buyers and sellers struggle to establish control. Buyers will look to establish control and push ETH past $2,200. On the other hand, sellers are still looking to push ETH below $2,000.

Solana (SOL) Price Analysis

Solana (SOL) faced considerable selling pressure last weekend but registered a notable jump of 1.58% on Monday to settle at $128. However, sellers returned to the market on Tuesday as the price fell to an intraday low of $121 before settling at $125, ultimately registering a drop of over 2%. Buyers returned to the market on Wednesday as SOL rallied over 8% to reclaim $130 and settle at $135. However, SOL lost momentum on Thursday, dropping almost 6%, slipping below $130 and settling at $127. SOL registered a marginal recovery on Friday despite facing considerable selling pressure to settle at $128.

Source: TradingView

Buyers retained control on Saturday as SOL registered another marginal increase. However, bullish sentiment intensified on Sunday as the price registered a rise of 3.44% to reclaim $130, move past the 20-day SMA and settle at $132. Buyers retained control on Monday as SOL rallied over 6%, surging past $140 and settling at $141. SOL continued to push higher on Tuesday, increasing almost 2% and settling at $143. The current session sees SOL up nearly 1% as it sets its sights on $150.

Uniswap (UNI) Price Analysis

Uniswap (UNI) was bullish at the beginning of the previous week, registering an increase of almost 3% on Monday to settle at $6.31. Buyers retained control on Tuesday as the price registered an increase of nearly 1% and settled at $6.37. Bullish sentiment intensified on Wednesday as markets rallied. As a result, UNI surged almost 10%, going past the 20-day SMA and $7 to reach an intraday high of $7.39 before settling at $7. However, UNI lost momentum after reaching this level and dropped 1.32% on Thursday, slipping below $7 and settling at $6.91. UNI continued to decline on Friday, falling almost 2% and settling at $6.78.

Source: TradingView

Price action remained bearish over the weekend as UNI dropped 0.64% on Saturday and almost 1% on Sunday to end the weekend in the red at $6.68. UNI started the current week on a bullish note, rising over 6% to reclaim $7 and settle at $7.09. However, the price was back in the red on Tuesday, dropping almost 2%, slipping below $7 and settling at $6.97. The current session sees UNI up nearly 1%, having reclaimed $7 and trading at $7.02. Sellers will look to establish control and drive the price below $7 and the 20-day SMA. On the other hand, buyers will look to consolidate above $7 and push UNI past $7.50.

Aptos (APT) Price Analysis

Aptos (APT) has been trading in an upward trajectory since last Monday, moving past key resistance levels and moving averages. APT rose nearly 4% on Monday and settled at $5.34. The price continued to push higher on Tuesday, rising 1.57% despite facing selling pressure and settling at $5.43. Bullish sentiment intensified on Wednesday as APT rose over 3% and settled at $5.60. The price faced considerable selling pressure after reaching this level and dropped to a low of $5.41 on Thursday. However, It recovered from this level to register a marginal increase and settle at $5.62. Sellers gained the upper hand Friday as APT registered a marginal decline after facing considerable volatility and settled at $5.61.

Source: TradingView

Buyers returned to the market over the weekend as APT rose to an intraday high of $5.81. However, it could not stay at this level and settled at $5.67, ultimately registering an increase of just over 1%. Buyers retained control on Sunday as APT registered a marginal increase to end the weekend at $5.71. Bullish sentiment intensified on Monday as APT rose by 5.51%, going past the 50-day SMA and $6 to settle at $6.02. Despite the strong start to the week, APT was back in the red on Tuesday, dropping almost 2%, slipping below $6 and settling at $5.92. The current session sees APT up nearly 1% and trading at $5.97 as it attempts to reclaim $6.

Dogwifhat (WIF) Price Analysis

Dogwifhat (WIF) had been struggling to build momentum and move past the 20-day SMA, which was acting as a dynamic resistance level. However, the weekend rally saw WIF break past the moving average and push beyond $0.50. WIF started the previous week on a positive note, rising nearly 8% to move past $0.50 and settle at $0.501. However, it was back in the red on Tuesday, dropping over 4%, slipping below $0.50 and settling at $0.48. Buyers returned to the market on Wednesday as WIF registered an increase of almost 8% to move past $0.50 and settle at $0.518. However, it lost momentum on Thursday after failing to move past the 20-day SMA, dropping over 2% and settling at $0.506. WIF continued to drop on Friday, falling almost 4%, slipping below $0.50 and settling at $0.487.

Source: TradingView

Sentiment changed over the weekend as WIF registered an increase of over 4% on Saturday and moved to $0.507. Buyers retained control on Sunday as WIF rose over 2% to move past the 20-day SMA and settle at $0.518. WIF started the current week on a bullish note, rising almost 8% and settling at $0.558. However, it lost momentum on Tuesday, dropping 1.55% and settling at $0.549. The current session sees WIF up almost 3% and trading at $0.566 as it looks to move past the 50-day SMA.

Axie Infinity (AXS) Price Analysis

Axie Infinity (AXS) surged past the 20-day SMA on Monday as it rallied over 8% and settled at $3.44. However, it lost momentum on Tuesday and dropped almost 2%, slipping below the 20-day SMA and settling at $3.37, but not before hitting an intraday low of $3.24. Buying pressure returned Wednesday as AXR rose 2.98% to move past the 20-day SMA and settle at $3.47. AXS lost momentum after reaching this level and was back in the red on Thursday, falling over 2% and settling at $3.40. Sellers retained control on Friday as AXS fell 2.65%, slipping below the 20-day SMA and settling at $3.31.

Source: TradingView

Sentiment changed on Saturday as the price rose almost 3%, moving past the 20-day SMA and settling at $3.40. However, AXS was back in the red on Sunday, ending the weekend on a bearish note after dropping 1.43% and settling at $3.35. AXS started the current week on a bullish note, rising almost 5% and settling at $3.51. Buyers retained control on Tuesday as the price rose over 2% and settled at $3.58. The current session sees AXS up almost 1% and trading at $3.61. Buyers will look to build momentum and push the price past the 50-day SMA and towards $4.

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.