Ethereum’s Path to $7200: Bullish Signals

Analyst VentureFounder highlights a “cup and handle” pattern on Ethereum’s chart, pointing to a potential surge to $7200 by Q1 2025.

The approaching “golden cross” adds to the optimism, though the strong US dollar could act as a headwind.

CRYPTO ROOM

🚀 Bitcoin hits a historic milestone, shattering $100,000 ATH! 🎉

📈Market Overview

Bitcoin trades above $99K. The top-10 cryptos are traded in green zone:

XRP +7.13%
Dogecoin +5.23%
BNB +4.23%

Market capitalization: $3.90T (+3.27%)
The BTC dominance: 50.58% (-1.55%)
Fear & Greed Index: 75 (Greed)

👉 Top Gainers

Satoshi AI agent by Virtuals +97.1%
FXN +92.3%
Sensay +91.1%
LOFI +84.4%
RWAX +83.2%

👉 Recent Funding Rounds

Suilend $4M Funding round led by Robot Ventures with participation from Delphi Ventures, Mechanism Capital, Alliance DAO, and others

Holyheld Funding round with participation from Zee Prime Capital, Kosmos Ventures, Toyota Ventures, Tomahawk VC, Prismatic Capital, Moonlanding Ventures, and TempleDAO

Sekai $3.1M Seed round led by Hashed Fund with participation from a16z CSX, OrangeDAO, Zypsy, and Azuki

📈Market Overview

Bitcoin trades above $97K. The top-10 cryptos are traded in red zone:

Cardano -9.05%
XRP -6.58%
Dogecoin -5.08%

Market capitalization: $3.68T (-2.65%)
The BTC dominance: 52.45% (+1.56%)
Fear & Greed Index: 78 (Extreme Greed)

👉 Top Gainers

GRIFFAIN +84.2%
SKI MASK CAT +82.5%
Koma Inu +80.4%
Cellframe +79.1%
Ancient8 +72.1%

👉 Recent Funding Rounds

Klickl $25M Series A round led by Aptos and Web3Port with participation from Summer Ventures, Heritage Horizon Capital, Alpha Square Group, and others

Mandala Chain $1M Pre-Seed round led by Harbour Industrial Capital with participation from NLS Ventures, and O-DE Capital Partners

Lava $10M Series A round led by Founders Fund and Khosla Ventures

❗️$1.5 Trillion Wipeout in US Stocks Hits Crypto Markets

Yesterday’s $1.5 trillion drop in US stock market capitalization sent shockwaves through crypto, leading to widespread losses across both markets.

@Crypto_RO0M

🤡 Powell hits global markets hard!

He’s now a Pornhub "Legend" for crashing the wallets of 8 billion people in one go.

🇺🇸 The Fed Won’t Stop Trump From Creating a Bitcoin Reserve — Analysts

According to analysts, Donald Trump might establish a strategic Bitcoin reserve for the U.S. through a direct presidential order. This would enable the Treasury to use the Exchange Stabilization Fund for BTC purchases.

The Federal Reserve lacks the authority to veto such a decision. With a Republican majority in Congress, long-term Bitcoin integration could become part of the U.S. economic strategy.

Turns out, 95K can feel very different.

Expect BTC growth after New Year?

Analysts at Matrixport suggest that after active accumulation by traders, a short consolidation phase is expected, followed by a potential bull market in early 2025.

Michael Saylor stated that the first country to print its national currency to buy Bitcoin will gain a major advantage.

He also mentioned that MicroStrategy is effectively doing the same by issuing its MSTR shares, which can be seen as a "currency," to acquire BTC.

Could Jack Dorsey be Satoshi Nakamoto?

A crypto analyst presented a theory linking the Twitter co-founder to Bitcoin’s creation. The key arguments:

🔸Dorsey was fascinated by cryptography and the cypherpunk movement in his early years.
🔸In 2003, he wrote about working on cryptography late at night—the timestamps of Bitcoin’s original files match this pattern.
🔸His Twitter bio (2007–2009) said "sailor," while Bitcoin’s source code contains a nautical proverb: “Never go to sea with two chronometers. Take one or three.”
🔸On January 10, 2009, Satoshi appeared in an IRC chat with a California-based IP—the same place where Dorsey was at the time.

Even Bitcoin’s major milestones align with Dorsey’s life:

🔸The first BTC transaction happened on his mother’s birthday.
🔸The last Bitcoin block mined by Satoshi was on his father’s birthday.
🔸Satoshi joined the Bitcoin forum on Dorsey’s birthday.

Too many coincidences, or is there truth to this theory?

Top 10 Projects on Sonic by 30D TVL Growth

Uniswap V3 +16,199%
Stability +2,131%
Impermax Finance +971%
Shadow Exchange +798%
Rings +660%
Avalon Labs +442%
Silo Finance +380%
Beefy +254%
MachFi +219%
ICHI +214%

Bitcoin Dominance Hits 4-Year High

Bitcoin dominance has surged to its highest level since March 2021, as BTC has shown greater resilience than altcoins during the recent market downturn. While Bitcoin's price dropped by 7.8%, ETH fell by 11.1% and SOL by 13.5%.

The Bitcoin dominance chart reflects steady growth over the past four years. Several factors contribute to this trend:

🥇Bitcoin is more than just a crypto asset—it is increasingly viewed as an alternative to gold, placing it in a separate league.

🔈Crypto reserve discussions revolve around Bitcoin, reinforcing its status as the primary store of value.

🏗The expansion of Bitcoin's DeFi ecosystem is strengthening its position in the market.

🧘‍♂️Bitcoin has avoided negative narratives, unlike Ethereum, which faces internal struggles within the Ethereum Foundation, and Solana, which has been impacted by scam memecoin controversies.

🔥 JUST IN: Binance has announced plans to delist Ethereum (ETH) from it platform, effective March 28.

📊 Ethereum under pressure: possible drop to $1000

Bloomberg’s Mike McGlone warns that ETH could reach $1000 if traditional markets continue their decline. The strong link between Ethereum and risk assets puts it at risk of further correction.

🔓 Top 7 Token Unlocks of the Upcoming Week

The following tokens with the largest unlock amount will be unlocked next week:

Sui - $179.33M
Ethena - $32.62M
Optimism - $23.36M
TRIBE - $13.52M
Grass - $6.26M
dYdX - $5.14M
Maverick Protocol - $3.31M

📉 Bitcoin Closes Q1 2025 With 11.7% Price Decrease

Bitcoin ended the first quarter of 2025 with a price decline of 11.7%. Meanwhile, BTC closed March's trading session down 2.1%.