Connect with us

Crypto World

Sky TVL Surges 38% in March

Published

on

Sky Savings Pool

Sky is now the fourth-largest DeFi protocol as RWA-backed yields drive inflows.

Sky, the successor to MakerDAO, is off to a strong start this month, with its total value locked (TVL) climbing to $7.52 billion, a 38% increase since March 1, according to DefiLlama.

This makes Sky the fourth-largest decentralized finance (DeFi) protocol by TVL, trailing Aave, Lido, and EigenCloud. The sUSDS savings pool alone accounts for approximately $6.5 billion in deposits and has attracted nearly $1.3 billion since the start of the month.

Sky Savings Pool
Sky Savings Pool

As DeFi yields have dried up in the wake of the market downturn, Sky’s fixed 3.75% savings rate is higher than stablecoin supply rates on major protocols like Aave and Morpho. For example, supplying USDT or USDC on Aave’s Ethereum markets currently yields less than 2%.

“Yield is definitely the main factor, but it’s also one of the lowest risk, liquid yield sources in DeFi,” Sam MacPherson, CEO of Phoenix Labs, told The Defiant.

Advertisement

Sky founder Rune Christensen also emphasized that users are prioritizing safety amid the market turbulence.

“Honestly, it’s the classic story of how Sky, just like Maker used to, always does better in bear markets because it’s just focused on a solid product that can be trusted to be stable and deliver good returns,” Christensen told The Defiant.

The SKY token has rallied alongside the surge in TVL. The token is up approximately 4% over the past seven days and 12% over the past month, according to CoinGecko.

SKY Chart
SKY Chart

The token remains about 26% below its all-time high, per CoinGecko, with a market capitalization of roughly $1.7 billion.

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Can ETH Launch a Strong Rebound After Reclaiming $2K?

Published

on

Can ETH Launch a Strong Rebound After Reclaiming $2K?

Ethereum is still in recovery mode, but the rebound is starting to look more organized than before. The asset continues to hold above the February base and is pressing closer to a key breakout area, which suggests buyers are gradually gaining confidence even if the larger trend has not fully turned yet.

Ethereum Price Analysis: The Daily Chart

The daily chart still carries the scars of the broader downtrend. ETH remains below the 100-day and 200-day moving averages, and both are still sloping in a way that favors sellers on the higher timeframe. The descending structure from the prior months also remains intact, so the market is not out of danger yet.

Even so, the picture has improved at the margin. Ethereum has spent several weeks defending the $1,800 zone and has now pushed back toward the $2,150 short-term resistance area again. If that ceiling breaks, the next upside region to watch sits around $2,300 to $2,400, while the much larger barrier remains near $2,800. On the downside, losing the $1,800 support cluster would weaken the recovery thesis considerably and likely lead to another round of decline capitulation.

ETH/USDT 4-Hour Chart

On the 4-hour chart, ETH looks more constructive than it does on the daily. The market has been printing a sequence of higher lows from the February bottom, and the rising trendline underneath the price shows that dip buyers are still active. That does not guarantee a breakout, but it does show that the short-term structure is leaning upward rather than flat or weak.

Advertisement

What matters now is the repeated test of $2,143. The asset has reached that level several times, which usually makes the next reaction important. A decisive move through it could trigger a fast push into the next supply zone around $2,400 and possibly higher. Another rejection, however, would likely keep ETH rotating sideways and send it back toward the trendline and the $1,800 support area.

Sentiment Analysis

Funding data shows that sentiment is no longer fearful, but it is not overheated either. Rates are mostly positive, which means long positioning is present, and traders are generally leaning bullish, yet the readings are still relatively moderate compared to the stronger speculative phases seen in the past.

That is usually a healthier backdrop than an aggressively crowded long market. In other words, sentiment is supportive, but not euphoric. This gives ETH room to extend higher if price confirms with a breakout, though it also means the market still needs spot follow-through rather than relying purely on leveraged optimism.

 

Advertisement
SPECIAL OFFER (Exclusive)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin Beats US Stocks as Strategy’s STRC Hints at a $776M BTC Purchase

Published

on

Bitcoin Beats US Stocks as Strategy's STRC Hints at a $776M BTC Purchase

Bitcoin (BTC) is on track for its strongest weekly gain since September 2025, defying a broader risk-off backdrop driven by the escalating US and Israel-Iran war.

Key takeaways:

  • Strategy raised $776 million this week, which could lead to the purchase of over 11,000 BTC.

  • US Bitcoin ETFs had $767 million in inflows in the same period.

STRC hints at $776 million in Bitcoin buying power

As of Saturday, BTC/USD had risen more than 7% over the past week to around $70,625. Over the same period, the benchmark S&P 500 (SPX) was down 1.60%.

BTC/USD vs. SPX weekly chart performance. Source: TradingView

The divergence came as STRC.LIVE estimates indicated that Strategy may have raised enough cash through at-the-market sales of its STRC instrument this week to buy more than 11,000 BTC.

At current prices, that would amount to roughly $776 million in Bitcoin.

Advertisement
STRC weekly data (March 9–13). Source: STRC.LIVE

STRC is Strategy’s exchange-traded income-paying instrument that helps it raise investor cash for Bitcoin buys. When it trades at or above its $100 par value, Strategy can issue more shares and turn that demand into fresh BTC-buying capital.

Related: Bitcoin ‘passing geopolitical stress test’ as BTC price spikes above $72K

Last week, Strategy had purchased 17,994 BTC, equivalent to about $1.28 billion at that time. About 30% of the BTC allocation was funded by STRC sale proceeds.

Bitcoin’s price was also boosted by US spot Bitcoin ETFs, which attracted $767 million in net inflows across five straight trading days, reflecting growing demand for BTC despite the Middle East crisis.

Bitcoin gains during geopolitical crises

In the past, Bitcoin has experienced selloffs at the start of major geopolitical conflicts, only to recover and deliver larger gains.

Advertisement

In February 2022, Russia’s invasion of Ukraine caused an initial dump, but was followed by a 40% BTC price rally, as shown below.

BTC/USDT weekly price chart. Source: TradingView/Ted Pillows

A similar sequence played out after Israel’s June 2025 strikes on Iran. Bitcoin dipped in the immediate aftermath, then flipped higher, gaining about 25% over the next two months.

During the January 2020 US–Iran flare-up after General Qasem Soleimani’s killing, Bitcoin rose more than 50% overall, even though the first reaction included a brief price drop.

BTC/USD daily price chart. Source: TradingView

Bitcoin price may rise further if history is any indication, with macro models hinting at an escalation toward $100,000 in the coming months.

Bear flag keeps BTC’s downside risks intact

Conversely, a bear flag formation on the Bitcoin chart increases the likelihood of a bull trap.

Bear flags form when the price rises inside an ascending, parallel channel after a strong downtrend. They usually resolve when the price breaks below the lower boundary and falls by as much as the previous downtrend’s height.

Advertisement

As of Saturday, Bitcoin showed signs of upside exhaustion near the flag’s upper boundary, also aligning with the 50-day exponential moving average (50-day EMA, the red line) at around $72,750.

BTC/USD daily price chart. Source: TradingView

Applying the bear flag principle to Bitcoin’s chart places the measured downside target at around $51,000.