3 days ago
A crypto market sell-off went from bad to brutal in European morning hours Monday as bitcoin pierced the $75,000 level — extending losses on major tokens to nearly 20%. Tokens XRP, solana (SOL), and dogecoin (DOGE) plunged over 5% in the hours ahead of the European open, erasing tens of billions in market capitalization, driven by a cascade of macroeconomic uncertainty and aggressive liquidations that neared $1 billion. The broad-based CoinDesk 20 (CD20) index, which tracks the largest tokens, slumped 12%, signaling a widespread risk-off sentiment gripping the sector. XRP and SOL led the decline, each nosediving more than 20% in the past 24 hours and breaking under critical support levels. XRP, trading at $1.70, has slipped below its critical 200-day moving average — a key technical support level — raising fears of further downside toward $1.75. SOL, meanwhile, dropped under $100, breaching its 50-day moving average and marking a 64% retreat from its all-time high. DOGE, the meme coin darling, wasn’t spared, tumbling 20% to $0.13, as a CoinDesk analysis noted earlier Monday. President Donald Trump’s recent 25% tariffs on imports from Canada and Mexico, coupled with a doubled 20% levy on China, have sparked retaliatory threats. China is mulling front-loaded stimulus to counter these measures, adding to market jitters, as reported . Investors are fleeing risk assets for safe havens like gold, the Japanese yen and the Australian dollar. Meanwhile, traders expect the market decline to continue through the Asian day ahead of the U.S. open “Historically, crypto markets tend to front-run stock markets over the weekend, and this morning`s Asia market declines seem to have reinforced this belief,” Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message. “We expect crypto markets to dip once US markets open.” “As to whether or not they’ll recover depends on which large countries are able to secure short-term tariff delays or deals this week. Thus far, Vietnam, Cambodia, and Taiwan have already pledged to lower their own tariffs and/or increase US investment in exchange for relief, but we would need a larger trading partner like Japan or China to do so to restore confidence and certainty in the markets,” Mei added. Augustine Fan, head of insights at SignalPlus, said current price action was displaying bear market behaviour. “All the signs suggest that macro markets are now in `bear market` mode, rallies are to be sold, and investors will be forced to accept this new reality against the long-term wagers being made,” Fan said in a Telegram message. “The market will likely continue to frustrate and shake investor confidence for quite a while longer.” “Over the longer term, charts might argue that BTC has broken out against global equities and is overdue to catch up with spot gold, but catalysts appear to be fleeting at this time and risk management (ie. lower prices) will likely dominate until global stops melting down,” Fan ended.
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House of Doge Partners With 21Shares To Launch Dogecoin Foundation-Endorsed DOGE ETP
The official corporate arm of the Dogecoin Foundation is partnering with one of the world’s leading producers of crypto exchange-traded products (ETPs) on a new Dogecoin ( DOGE ) product. In a new press release , 21Shares and House of Doge are announcing their new partnership to launch DOGE ETPs globally. Says Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, of the new partnership, “This partnership marks a very large step forward for the Dogecoin vision. Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated real-world utility in payments, tipping, and charitable giving. For Dogecoin to reach its full potential as a global currency, institutional support and corporate partnerships are essential. This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the ‘Dogecoin is Money’ vision, while still honoring the community’s spirit. Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale.” Dogecoin is the original memecoin, and 21Shares boasts over $7 billion in assets under management across 11 major exchanges. Says Duncan Moir, President at 21Shares, of the powerhouse crypto partnership, “Registered investment vehicles are essential for broadening access to digital assets, and Dogecoin’s growing adoption underscores its significance in the crypto ecosystem. By partnering with the House of Doge, we are taking a pivotal step in bringing transparent and institutional-grade investment options to the market. This move reflects our commitment to expanding investor access to innovative and community-driven assets while maintaining the highest regulatory and operational standards.” DOGE is trading for $0.150 at time of writing, up 1.7% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post House of Doge Partners With 21Shares To Launch Dogecoin Foundation-Endorsed DOGE ETP appeared first on The Daily Hodl . CoinDesk
Meanwhile Raises $40 Million to Expand Bitcoin Life Insurance Offerings and Address Financial Needs Amid Inflation
Bitcoin life insurance innovator Meanwhile has successfully secured $40 million in Series A financing, signaling a growing trend in crypto-based financial products. This recent funding round follows a strong seed CoinDesk
