Denis Mwirigi, Author at SCOOPIST

Ethereum Hits a 2-year Low as Selling Pressure Rises

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Speculation has it that Donald Trump’s DeFi project, World Liberty Financial, has offloaded its ETH wallets as Ethereum crashes.

Ethereum has hit a 2-year low price and a 58.86% drop since the beginning of 2025. The recent price crash has left major institutions dumping their ETH as open interest decreases.

According to Crypto Rover on X (formerly Twitter), a wallet supposedly belonging to Donald Trump, World Liberty Financial has dumped its ETH at a loss.

What’s next for ETH?

While the market crash punishes ETH hard, some analysts believe the King of altcoins could be brewing its rebound. Some have argued that it’s time to buy ETH at 2018 prices. ETH’s derivatives data, Total Value Locked (TVL), and whale activity hint at a strong foundation. The altcoin could be down, but not entirely out in the long run.

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Dogecoin is Testing a Key Support Zone-What’s next?

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A bounce-off above the $0.13 support level could see DOGE begin its uptrend momentum, while a breakdown could lead to further downside.

Dogecoin has been trading above a rising trend line on the weekly chart and fully respecting it since Q4, 2023. As of press time, DOGE was trading at $0.1424, a 5.8% dip in the last 24 hours, per CoinMarketCap. According to renowned crypto analyst, Ali Martnez on X (formerly Twitter), the $0.13 key resistance level on Dogecoin’s support line is a key psychological level.

Why does the $0.13 zone matter?

At this level, the 61.8% Fibonacci retracement converges with Dogecoin’s support, making $0.13 both a technical and psychological battleground. As the crypto market fluctuates in panic, the meme-coin’s next direction could be defined in this zone.

One should keep an eye on this level, as Dogecoin’s average direction index remains neutral in the short term. Additionally, following smart money and whale activity in this zone could give further insights.

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partyushgoyal

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Kraken and Mastercard Unites to Power Global Crypto Payments

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As institutional adoption rises, the crypto market could see a rebound fueled by new liquidity from traditional investors.

On the 8th of April,2025, Kranken partnered with Mastercard to bridge traditional finance and crypto assets. Kraken, one of the oldest, most liquid, and secure cryptocurrency platforms, secured this partnership in Paris, hoping to allow its users to spend their crypto assets to over 150 merchants globally.

According to David Ripley, the Kraken Co-CEO,

“Crypto is transforming the payments industry, and we envision a future where global commerce and everyday payments are powered by cryptoassets.”

So, what does this mean for the market?

Despite the recent market dip, this news is a reminder of how cryptocurrencies and blockchain technology go beyond speculative trading. While most crypto degens experience panic during bear markets, seeing digital assets for their real utility could instill long-term conviction while driving mass adoption.

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partyushgoyal

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Why Tokenized Assets could Hit $19 Trillion by 2033

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Ripple Labs and Boston Consulting Group (BCG)’s recent report reveals a shift in traditional investment towards tokenized assets.

On the 7th of April, Ripple Labs and BCG released a joint report revealing an ongoing shift by traditional investors. According to the report, the traditional asset market is on a “three-phase evolution’ with 3 major financial giants on the move. These early adopters of real-world tokenized assets include BlackRock, Fidelity, and JPMorgan.

The report further added;

A “flywheel effect” is driving adoption, where institutional supply and investor demand reinforce each other.

Institutional adoption could fuel market growth

With most traditional investors cautious on decentralized finance (DeFi) markets, real-world assets(RWAs) could be their entry into this market. Similarly, adoption by traditional finance institutions builds trust among them. Capital inflow into tokenized assets could see the market hit $19 trillion by 2033, per Ripple Labs.

While the crypto market remains volatile, the RWA market could catalyze its maturity and stabilization in the long run. Tokenized assets are steadily rising in market capitalization and are a “must-watch” item in digital asset portfolios for the coming months.

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partyushgoyal

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Fartcoin Surges 24% despite Market Volatility

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Fartcoin has surged 20% in trading volume as open interest rises.

Fartcoin has faced renewed interest in the market as major cryptocurrencies face high price volatility. Over the last 24 hours, the meme-coin has surged 24% in price and was trading at $0.5722, at press time, per CoinMarketCap. On-chain metrics signal organic price growth based on low whale activity or price manipulation. The Solana meme-coin is showing strength as Wall Street bleeds more.

Open Interest (OI) Funding Rate turns positive

Looking at the current market sentiment, traders have unexpectedly shifted into buying this memecoin promising short-term gains. According to Coinglass, the OI-Funding Rate has turned positive in the past 48 hours, signalling trader optimism in Fartcoin’s bullish momentum.

Looking at the technical indicators, Fartcoin’s moving averages flash a “strong buy” showing substantial buying pressure. With the Relative Strength Index (RSI) at 59, the memecoin is not yet overbought. This indicates more buying potential. However, one should be aware of the volatility in the meme-coin markets before making any moves.

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partyushgoyal

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Polymarket Predicts 61% Chance of U.S Recession amid Trump’s Optimism-Traders watch out!

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What does the disconnect between President Trump’s claims and market sentiment suggest?

Popular prediction market, Polymarket, has predicted the chance of a U.S. recession as 61%, according to its latest update. However, the U.S president, Donald Trump, has kept his confidence in the U.S economy as indicated by his recent X (formerly Twitter) posts. Trump cites falling interest rates, low inflation, and strong tariffs as positive indicators of this.

The contradiction in the market sentiment and Trump’s claims raises concerns about where the crypto and global finance stand in 2025.

Will the global market anxiety slow crypto growth?

A potential U.S recession could ripple across global economies, lowering investor confidence and digital asset demand while slowing trade. Traders could expect increased volatility in the crypto market over the next few weeks and months if global trade wars persist.

As traditional markets dip, fueled by recession fears, capital outflow from DeFi and blockchain projects is possible. This could plunge several altcoins. One should keep an eye on the progression of Trump’s trade tariffs for further insights.

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partyushgoyal

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Here is What You Need to Know about BTC’s New Support

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The King of cryptocurrencies, Bitcoin, has found a strong support zone amid the current crypto market blood bath. BTC has faced significant price correction despite hitting $ 100k earlier this year. Per CoinMarketCap data, BTC was trading at $78.321k at press time.

With the global economy facing uncertainty and trade wars, traders wonder what’s next for Bitcoin as its price plunges.

The $ 74k-$70k zone is a strong support cluster

According to Glassnode data, traders hold over 175,000 BTC in the $74k-$70k zone, with the strongest pocket (50,000 BTC) sitting at $ 74.2k. Holders have been inactive since March 10, suggesting a “wait-and-see” sentiment. The $69.9k is another lower support band of Bitcoin’s cost basis, holding 68,000 BTC.

Is it a Cooling-off period?

The King of crypto is trading below the Short-term holder (STH) cost basis of $89k. On-chain metrics suggest a historical cooling-off zone in bull markets. Market activity has decreased, with few new buyers. Traders seem to be waiting for a shift towards bullish market sentiment.

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partyushgoyal

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