Bitcoin (BTC), Ethereum (ETH), and XRP Price Prediction Today (For March 11)
The post Bitcoin (BTC), Ethereum (ETH), and XRP Price Prediction Today (For March 11) appeared first on Coinpedia Fintech News
The cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), has shed more than $1.3 trillion in valuation since U.S. President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President took the oath of office for his second term. The crypto market has experienced heightened selling pressure during the past eight weeks amid the mixed fundamentals, especially from the political environment.
Despite the Trump administration announcing the strategic Bitcoin and crypto reserve, which was highly anticipated, the ongoing tariff trade wars have changed the entire market dynamics. Consequently, on-chain data shows institutional investors have dramatically reduced their appetite for crypto assets, led by the U.S. spot BTC ETFs which have lost over $4.3 billion in the past two months.
Bitcoin Price Expectations Today
After dropping more than 14 percent last week, Bitcoin (BTC) price has been retesting a crucial support level of around $78k in the past two days. In the two-hour timeframe, BTC price has been forming a potential bearish continuation pattern, with the next target around $73.7k.
According to Arthur Hayes, co-founder of BitMEX, Bitcoin price will likely continue in bearish sentiment until major global central banks – led by the Fed, PBOC, ECB, and BoJ – kickstarts quantitative easing (QE) to stir up growth in their respective economies.
The plan:Be fucking patient. $BTC likely bottoms around $70k. 36% correction from $110k ATH, v normal for a bull market. Then we need stonks, $SPX and $NDX to enter free fall. Then we need TradFi muppet to go under. THEN we get Fed, PBOC, ECB, and BOJ all easing to make…
— Arthur Hayes (@CryptoHayes) March 11, 2025
Ethereum Price Prediction
The Ethereum (ETH) market has led the wider altcoin industry in bearish sentiment in the recent past. The large-cap altcoin, with a fully diluted valuation of about $225 billion and a 24-hour average trading volume of about $41 billion, closed last week below a crucial support range between $2.1k and $2.2k.
As a result, it is safe to assume that the Ethereum sellers have the higher ground over the buyers. In the past 24 hours, Ether’s price retested the rising trendline of a regular chart of the weekly timeframe. However, a consistent close below $1,760 will trigger a heavy selloff in the coming weeks for Ether.
According to crypto analyst Benjamin Cowen, Ethereum price will likely bottom out after the Fed ends the prolonged Quantitative Tightening (QT).
XRP Price Prediction
Ripple Labs’ XRP price has been forming a potential reversal pattern since early December 2024, characterized by a head and shoulders (H&S) formation coupled with a bearish divergence of the weekly Relative Strength Index. In the past few days, the XRP price has been retesting a crucial support level around $2, which coincides with the possible neckline of the H&S pattern.
If the XRP buyers fail to defend the current support level, a major selloff towards $1.5, which coincides with the 0.618 weekly Fibonacci Retracement, will be inevitable.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Subscribe to News FAQs Why is the crypto market going down today?
The market is dropping due to selling pressure, trade wars, and reduced institutional interest, despite the U.S. Bitcoin reserve announcement.
How high can Bitcoin go in 2025?
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
What will the price of Ethereum be in 2025?
As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $5,925.
What is the XRP price prediction after the lawsuit?
If Ripple wins against the SEC, XRP could reach $10 or higher. A prolonged case might keep prices around $5.81 in 2025 before further growth.
How high can XRP go in 2025?
XRP might reach a high of $5.81 with an average of $4.89.
The recent pump didn't have strong spot buying behind it—mostly leverage and hype. Once the momentum faded, there were no real buyers to hold the price, leading to a sharp drop. Traders who bought during the pump panicked when $BTC reversed sharply, triggering a chain reaction of selling.
Congress to Vote on Trump’s Crypto Reserve Plan, Potential Limits on Rally
Former President Donald Trump's recent endorsement of cryptocurrency has caused a significant surge in market value, leading investors to diversify their portfolios with digital assets.¹ This move has sparked optimism among market participants, resulting in increased trading volumes and a bullish trend in the crypto market. Trump's support for cryptocurrency as a reserve asset signals a shift in attitudes towards digital currencies and their potential role in the future of finance.
*Key Impacts of Trump's Endorsement:*
- _Increased Mainstream Attention_: Trump's endorsement has brought mainstream attention to the crypto market, attracting new investors and bolstering confidence in digital assets. - _Rising Crypto Prices_: The positive sentiment has been reflected in the rising prices of various cryptocurrencies, with Bitcoin and Ethereum experiencing notable gains. - _Regulatory Discussions_: Trump's endorsement has reignited discussions about regulating cryptocurrencies, with policymakers and industry leaders seeking clear guidelines for the growing market. - _Potential for Stability and Legitimacy_: Increased scrutiny from regulatory bodies could bring stability and legitimacy to the crypto space, paving the way for greater adoption and acceptance by mainstream financial institutions.
Overall, Trump's support for cryptocurrency has had a profound impact on the market, signaling a new era of acceptance and recognition for digital assets. As the market evolves, investors must stay informed and adapt to the changing landscape of finance.
Bitcoin's value dropped more than 25% from its peak when Trump was elected, as the US president's stance and economic concerns impacted crypto investments. The selloff worsened in Asia, affecting Bitcoin and other cryptocurrencies like Ether, Solana, and XRP.
Bitcoin is crashing due to Trump's trade tariffs, massive ETF outflows, and recent security breaches in the crypto industry. How much has Bitcoin lost since Trump's inauguration? Bitcoin has dropped nearly 20% since Trump took office in January, driven by economic uncertainty and market instability.
URPD analysis: 7% of Bitcoin’s supply locked in $60,000 to $65,000 price range
Bitcoin has maintained a price above $60,000 since Feb. 28, briefly dipping below the level only twice — once on March 5 and during a brief period between April 17 and April 19.
Although Bitcoin briefly surpassed $70,000 multiple times in March and April, the URPD metric reveals a significant accumulation of supply between $60,000 and $65,000 — with BTC trading within this range for the past two weeks.
Approximately 7% of the total supply is concentrated within this range as of April 26, based on Glassnode data.
The live price of Bitcoin is $ 64,519.52 per (BTC / USD) with a current market cap of $ 1,270.38B USD. 24-hour trading volume is $ 30.58B USD. BTC to USD price is updated in real-time. Bitcoin is -3.28% in the last 24 hours with a circulating supply of 19.69M. #bitcoinhalving #Bitcoin❗️
Solana Price Continues to Drop Despite NFT Outperforming
The sales volume and NFT transactions on Solana have decreased in the past month. SOL's price movement continues to decline, with indicators suggesting further price decreases ahead. #solana #binance
BNB is a valuable asset that has multiple use cases and strong fundamentals. As Binance continues to grow and innovate its ecosystem, and as BSC attracts more users and developers to its platform, the demand for BNB will increase accordingly. Therefore, it is expected that BNB will hit $1000 in the future for sure!
We predict that Bitcoin will jump to an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000
South Korean NFT Marketplace PlayDapp Loses Over $290 Million in Crypto Exploit
According to CryptoPotato, South Korean blockchain-based game development platform and non-fungible token (NFT) marketplace PlayDapp has lost over $290 million in crypto from an exploit lasting four days. The smart contract of PlayDapp’s native token, PLA, has been paused, and preparations are ongoing to conduct a snapshot for migration.The exploit began on February 9 when an unauthorized wallet minted 200 million PLA tokens worth $36 million at the time. Blockchain security firm PeckShield revealed that the wallet was recently added after the token’s smart contract’s private keys were compromised and the protocol hacked. In response, PlayDapp offered the hacker a white hat bounty of $1 million in exchange for the funds to be returned by February 13, threatening to involve law enforcement agencies in multiple jurisdictions in a criminal investigation if the hacker failed to accept the offer.However, the attacker minted another 1.59 billion PLA tokens worth $249.6 million at the asset’s price during the exploit. The hacker began to launder the stolen funds, swapping and dispersing the assets to different blockchains. PlayDapp asked centralized exchanges to suspend deposit and withdrawal transactions for PLA, hindering the hacker’s attempts to move the tokens further. The hacker’s wallets have been frozen as well.PlayDapp is currently investigating the hacker’s intrusion methods, tracking the minted and swapped tokens, and engaging in talks with exchanges for migration solutions like airdrops. Blockchain intelligence and security firms and law enforcement agencies are involved in resolving the issue, prioritizing the protection of PLA holders’ assets. The PlayDapp team has requested PLA token holders to halt transactions and decentralized exchanges to temporarily pause all liquidity pool activities regarding PLA tokens as precautionary measures. Meanwhile, PLA has lost more than 18% of its value, significantly plunging from $0.182 before the first attack to $0.148 at the time of writing.
Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K
The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions.