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The global cryptocurrency market shed over the weekend $300 billion in value, plunging from $2.75 trillion to as low as $2.35 trillion following the announcement of President Donald Trump’s sweeping global tariffs. Bitcoin (BTC) has dropped below $80,000, as investor sentiment continues to sour amid intensifying global trade tensions. The decline mirrors the broader market selloff, with U.S. equities experiencing their worst trading session since the COVID-19 crash in 2020. Amid this widespread downturn, investors are actively searching for signs of a bottom, and potential buying opportunities.  On April 7, Finbold turned to 12-hour Relative Strength Index (RSI) data from CoinGlass , a popular timeframe for identifying short-term trading setups. With the average RSI across the crypto market sitting at 33.50, signaling weakening momentum and nearing oversold territory, a few assets stand out as candidates for a rebound.  Among them, Ethereum (ETH) and Jito (JTO)...

Polkadot (DOT) seems to be recovering from the recent market dip. DOT’s price has gained 3.2% in the daily charts and 6.4% in the weekly charts. Despite the rally, DOT is glowing red in the other time frames. The asset is down 8.9% in the 14-day charts, 13.3% in the monthly charts, and 54.5% since March 2024. Source: CoinGecko Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD Cryptocurrencies Recover Amid Bearish Environment Source: Watcher Guru The cryptocurrency market seems to be slowly recovering from its recent dip. Bitcoin (BTC) has reclaimed the $83,000 price level after briefly falling below $80,000. DOT and other crypto assets have made slight gains over the last weekend. Despite the rally, the global crypto market cap has fallen 2.1% in the last 24 hours to $2.83 trillion. The recent market dip was likely due to global trade wars and macroeconomic factors. The US recently announced tariffs on the EU. The US has...

Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC. The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark.  Amid the concern mounting around stablecoins, Binance CEO and co-founder Changpeng (CZ) Zhao tweeted on March 13 that with the “changes in stablecoins and banks,” it will be converting the remaining $1 billion funds in its Industry Recovery Initiative into “native crypto." Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency. — CZ Binance (@cz_binance) March 13, 2023 The native cryptos listed by CZ included Bitcoin (BTC), Binance Coin (BNB) an...