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12% Weekly Dip Sends Bitcoin Below $77K

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Crypto market today

TLDR

  • The crypto market dropped 2.77%, with a total market cap of $2.58 trillion amid a macro-driven sell-off.
  • Bitcoin, Ethereum, and BNB saw weekly losses of over 12%, 22%, and 13%, respectively.
  • XRP, SOL, DOGE, ADA, and TRX extended declines, with Cardano down 17.13% weekly.
  • The Fear and Greed Index at 15 indicates extreme fear and low investor confidence.
  • The Altcoin Season Index at 31 signals weaker altcoin momentum and a Bitcoin-dominant trend.

The crypto market is down by 2.77% today, with the total market cap at $2.58T amid a sharp macro-driven sell-off. This decline tracks the hawkish nomination of Kevin Warsh as the next Fed Chair, which has tightened liquidity expectations. The selloff coincides with a 61% correlation to gold, showing a shared sensitivity to rising rates. The crypto market today recorded over $152 billion in 24-hour trading volume, with major assets showing broad price corrections.

Bitcoin, Ethereum, and BNB Prices Fall as Downtrend Holds

Bitcoin traded at $76,817.33, down 2.36% in 24 hours and 12.43% over the past week. Its hourly change remained flat, up by 0.07%, reflecting limited intraday momentum. Ethereum reached $2,243.45, posting a 7.02% decline over 24 hours and a weekly drop of 22.59%.

Crypto market today
Source: CoinMarketCap

Despite this, Ethereum saw a slight 0.20% gain within the last hour. This suggests the token attempted a short recovery during intraday trading in the crypto market today. BNB traded at $756.96 after a 2.73% daily decline and a 13.15% loss over seven days. The token’s 0.55% hourly gain provided brief support following sustained selling pressure.

XRP, SOL, DOGE, ADA, TRX Extend Weekly Losses

XRP dropped 4.34% in 24 hours to $1.59 and has now lost 15.62% across the week. Solana fell to $101.66, recording a 3.55% daily drop and a steeper 16.91% loss over seven days. The token posted a marginal 0.16% hourly gain as the crypto market today remained in correction mode.

TRON traded at $0.2838 after losing 0.87% in 24 hours and 4.05% over the week. Dogecoin traded at $0.1036, down 2.07% over the last 24 hours and 14.71% over the past week.

A 0.25% hourly uptick appeared insufficient to reverse losses across the meme coin sector. Cardano traded at $0.2882, down 2.71% daily and 17.13% weekly, despite gaining 1.34% in the past hour.

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Crypto Market Fear Sends CMC20 and Altcoins Lower

CoinMarketCap’s CMC20 Index dropped 3.47% daily and 14.26% over the week and is now priced at $156.88. It gained only 0.22% over the past hour. The crypto market today recorded widespread losses across top assets.

Short-term gains in hourly trends failed to offset the broader downward pressure seen throughout the market. The Fear and Greed Index sits at 15, signaling extreme fear across the market.

The Altcoin Season Index stands at 31, placing the market in Bitcoin season rather than altcoin-led trends. This shows weaker momentum in altcoins versus Bitcoin during the downturn.

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Crypto World

Why Cardano Investors Are Moving Assets to Self-Custody Now

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ADA Price


“Currently, a 10 billion market cap, this thing is not even worth $1 billion,” one X user argued.

The latest cryptocurrency market crash was brutal, sending Cardano’s ADA to multi-month lows.

Some analysts believe the storm may not be over, warning the price could nosedive by as much as 75% in the short term.

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The Bad Days for the Bulls Aren’t Over?

Several hours ago, ADA plunged to 0.27, the lowest level since August 2024. Currently, it trades at around $0.29 (per CoinGecko’s data), representing a 15% decline on a weekly scale.

ADA Price
ADA Price, Source: CoinGecko

The well-known analyst DrBullZeus claimed that the asset is now nearing “a must hold support zone” at the range of $0.24-$0.28. He thinks that breaking below that level could result in a price crash to $0.125 and even $0.075.

The popular trader Matthew Dixon also chipped in. He suggested that “technically speaking,” ADA has retraced in three waves since the local top seen towards the end of 2024. He outlined $0.24 as a “very important long-term support,” predicting that as long as it holds, the price could rebound.

“A break of support would be a serious concern,” he alerted.

Prior to that, Harmonic Trader predicted that in six months, ADA might trade under $0.10. “Currently, a 10 billion market cap, this thing is not even worth $1 billion,” they argued.

Time to Rally?

Despite ADA’s recent price decline, some other analysts remain optimistic that a resurgence could be on the way. One of them, using the X nickname “Lucky,” asked their almost two million followers whether they plan to increase their exposure to the token at current rates. The analyst also envisioned a potential pump to nearly $1 in the near future.

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LaPetite is also bullish. Several days ago, he forecasted that ADA is about to go “parabolic,” claiming that “huge announcements” concerning Cardano are coming soon.

The recent exchange netflows signal that a rebound could indeed be on the horizon. Data provided by CoinGlass shows that over the past days and weeks, outflows have significantly outpaced inflows. This means investors have been shifting from centralized platforms to self-custody, which in turn reduces immediate selling pressure.

ADA Exchange Netflow
ADA Exchange Netflow, Source: CoinGlass
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Crypto World

Aave Shutters Avara Brand and Family Crypto Wallet

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Aave Shutters Avara Brand and Family Crypto Wallet

Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.

Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.”

Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of users requires purpose-built experiences, such as savings, rather than generic, open-ended wallet experiences.”

The move marks Aave’s latest effort to refocus on products such as its flagship lending protocol as the project handed stewardship of Lens to the Mask Network last month, with Kulechov saying Aave’s role in the protocol would be reduced to an advisory role so it can focus on DeFi.

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Source: Stani Kulechov

Kulechov said in his latest post that Aave was “now united as one team of world-class designers, engineers, and smart contract experts, aligned around a single mission: bringing DeFi to everyone.”

All future projects under Aave Labs

Avara said in a blog post that “all current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs” to simplify the brand.

It added that accounts linked to the Family wallets “will continue as core infrastructure within Aave Labs products,” but the iOS app would be wound down over the next year.

No new users will be onboarded to the app from April 1, and existing users can continue using the app until April 1, 2027, and will continue to have full access to their funds on Aave’s website.

Related: There is no trust in DeFi without proper risk management

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Aave is the biggest DeFi protocol with $30 billion in total value locked, nearly $9 billion more than the next largest project, the staking protocol Lido, which has $21.7 billion in value locked, according to DefiLlama.