- Bitcoin (BTC) — The launch of spot ETFs in the United States locked price action above the psychological $100 000 mark, while a large quarterly expiry of put options at the same level acted as market-wide “insurance.”
- Ethereum (ETH) — March’s Dencun upgrade (Proto-Danksharding) slashed L2 fees, reignited DeFi traffic, and kept ETH in its role as the ecosystem’s indispensable “fuel.”
- Tether (USDT) — Capitalization pushed past $150 billion because the issuer parks reserves in short-term U.S. Treasuries; rising T-Bill yields make USDT a high-liquidity crypto cash alternative.
- XRP — The drawn-out court battle with the SEC finally ended in Ripple’s favor, removing a years-long legal lid and letting the token clear $2.
- BNB — Ongoing token buybacks plus the coming opBNB upgrade (double throughput, even lower fees) keep price comfortably above $600.
- Solana (SOL) — Still the go-to chain for fast DeFi and metaverse apps; everyone is waiting for the Firedancer client, expected to accelerate the network further and hold SOL near $130.
- USD Coin (USDC) — Circle is prepping an IPO, while a U.S. stable-coin bill moves through Congress; the market views both as signs of growing maturity, keeping cap near $61 billion.
- TRON (TRX) — Yield schemes around stUSDT and aggressive tokenization of real-world assets in Asia pushed capitalization over $20 billion for the first time.
- Dogecoin (DOGE) — Every hint from Elon Musk about future X payments sparks a price pop; the token runs purely on social fuel—and that fuel is abundant.
- Cardano (ADA) — The Chang hard fork introduces decentralized governance, and talk of an ADA ETF keeps whales interested even as price hovers around $0.55.
Key Takeaways
- Prices are moving on concrete events: regulatory decisions, tech upgrades, and taps into traditional capital markets.
- Bitcoin and Ether ride institutional inflows and lower fees; stable-coins benefit from Treasury yields; select alt-coins gain on real products—payments, RWA tokens, faster clients.
- Speculative candles are still wild, but their amplitude now revolves around fundamental levels set by these drivers.
- Track those triggers—they create the entry points and set the long-term ranges for the entire market.
