hodler

26 Mar 2026, 22:30

Analyst Reveals The Plan For XRP Price Using The Bitcoin Chart

A market analyst has released a new XRP price analysis, using the Bitcoin (BTC) chart and price action as the basis for her outlook. The analyst’s near-term outlook for XRP is bearish, with ongoing market volatility and shifting sentiment posing challenges. While she highlights potential downside targets, the analyst also applies Elliott Wave theory to pinpoint resistance levels, indicating areas where XRP could decline to. Market analyst Tara has shared her plan for XRP, drawing on patterns she observed on the Bitcoin chart. In her post on X, Tara outlined a clear roadmap for traders, warning that the current bounce seen in the XRP price could be a deceptive move and that significant downside risk remains ahead. The analyst identified a complete five-wave Elliott Wave decline on the one-hour XRP chart, noting that price finished its Wave 5 sell-off near the $1.362 support zone, a level visible on the chart as a strong horizontal floor. XRP Price Forecast Based On The Bitcoin Chart From that bottom, XRP has continued its corrective move upward, which Tara labeled as an ABC correction. This pattern consists of a Wave A rally, a Wave B dip, and a projected Wave C push, which she expects to carry the price higher in the short term. Related Reading: XRP Price Will Not Move The Way People Think, Here’s A Better Pattern The analyst explained that, like Bitcoin, XRP is currently awaiting a Wave 2 or Wave 5 retracement. She said the move is targeting the 0.618 resistance level at $1.51, which also lines up with a 1:1 measured move. Moreover, she clearly stated that this upward move carries a bearish label and should not be misconstrued as a sign of bullish strength returning to the market. Tara further warned that the move could trap many bulls. She noted that many traders may mistake the short-term rally for a genuine breakout, only to be caught off guard when the next wave begins. The analyst also noted that, based on her readings of the Elliott Wave structure, traders should already be thinking about what wave could come next once this retrace completes near the $1.51 resistance zone visible on the chart. Looking further ahead, Tara pointed to Wave 3 as the next major move to watch. She noted that Wave 3 carries downside targets as low as a Double Bottom at $1.12. The analyst added that the $0.87 macro support level on the price chart also remains a likely and valid target, representing a much deeper pullback from current price levels. Update On The XRP Price Action The XRP price is currently sitting at $1.37 after an unsuccessful attempt to break and sustain levels above the $1.40 resistance level. According to CMC data, XRP’s price performance has been largely bearish over the past two weeks, dropping by more than 6% in the last seven days and over 3% in the past 24 hours. Related Reading: XRP Still Stuck In Bear Market Cycle With Threats Of A Price Crash To $1.13 The recent downturn has been driven by a lack of strong bullish catalysts in a market marked by high volatility and ongoing geopolitical tensions. XRP’s persistent bearish technical structure and negative sentiment have also weighed significantly on its price momentum. Featured image from Getty Images, chart from Tradingview.com

26 Mar 2026, 22:20

AUD/USD Plummets Below 0.6900 as Middle East Fears Spark Devastating Rush into US Dollar

BitcoinWorld AUD/USD Plummets Below 0.6900 as Middle East Fears Spark Devastating Rush into US Dollar The Australian dollar suffered a sharp sell-off against the US dollar in early Asian trading, with the AUD/USD pair decisively breaking below the critical psychological support level of 0.6900. This significant move, observed on Tuesday, October 28, 2025, reflects a pronounced shift in global risk sentiment driven by escalating geopolitical tensions in the Middle East. Consequently, investors are rapidly seeking shelter in traditional safe-haven assets, propelling the US dollar higher across the board. AUD/USD Technical Breakdown and Key Levels The breach of the 0.6900 handle represents a major technical development for the currency pair. Market analysts had closely watched this level as a confluence zone of previous support. Furthermore, the move triggered a cascade of stop-loss orders, accelerating the downward momentum. The pair subsequently tested the next significant support near the 0.6850 region, a level not seen since late 2024. Technical indicators flashed strong bearish signals during this session. For instance, the Relative Strength Index (RSI) plunged into oversold territory below 30. Meanwhile, moving averages aligned in a bearish formation, with the 50-day average crossing below the 200-day average—a pattern known as a “death cross.” This technical backdrop suggests the potential for further downside pressure in the near term. Geopolitical Catalyst: The Flight to Safety The primary driver behind this forex market volatility is a sudden deterioration in the Middle East security situation. Reports of renewed hostilities have triggered a classic “risk-off” response in global financial markets. Historically, the US dollar benefits from such environments due to its status as the world’s primary reserve currency. Investors typically unwind carry trades and liquidate riskier assets, such as the commodity-linked Australian dollar, to buy US Treasuries and dollars. This dynamic creates a powerful feedback loop. As the US dollar appreciates, dollar-denominated commodities like oil often face price pressure. Subsequently, this can negatively impact export-oriented economies like Australia, which relies heavily on commodity exports. The resulting bearish outlook for Australian economic prospects further weighs on the AUD, creating a self-reinforcing cycle of weakness against the USD. Expert Analysis on Market Psychology Senior currency strategists at major investment banks have noted the intensity of the move. “The speed of the AUD/USD decline underscores how algorithmic trading and sentiment-driven flows can amplify fundamental shocks,” explained one market veteran with over two decades of experience. “The 0.6900 level was a key line in the sand for many systematic funds. Its breach was not just a technical event but a profound psychological shift, confirming the market’s dominant risk-averse stance.” This expert perspective highlights the interplay between technical levels and broader market narrative. The chart breakdown validated the growing fears about geopolitical instability, encouraging more participants to join the sell-off. Consequently, what began as a cautious repositioning evolved into a more aggressive risk-reduction exercise across portfolios. Comparative Impact on Major Currency Pairs The US dollar’s strength was broad-based, though the magnitude varied. The AUD, as a high-beta, growth-linked currency, experienced outsized losses. In contrast, other traditional safe-havens like the Japanese Yen (JPY) and Swiss Franc (CHF) also gained ground, though their moves were more contained compared to the USD’s surge. The following table illustrates the approximate moves of major pairs during the same session: Currency Pair Move (Pips) % Change Key Driver AUD/USD -120 -1.7% Risk-Off, Commodity Weakness EUR/USD -80 -0.8% USD Broad Strength USD/JPY -50 -0.3% Yen Safe-Haven Bid GBP/USD -90 -0.7% USD Strength, UK Exposure This comparative data clearly shows the Australian dollar underperforming its G10 peers. The scale of the AUD/USD decline indicates a targeted exodus from growth-sensitive assets. Moreover, it reflects specific concerns about how a prolonged period of global uncertainty could impact Australia’s trade-dependent economy. Fundamental Backdrop for the Australian Dollar Beyond the immediate geopolitical shock, the Australian dollar was already facing headwinds. The domestic economic picture has shown signs of moderation, with recent data pointing to softer consumer spending and a cooling housing market. The Reserve Bank of Australia (RBA) has maintained a cautious policy stance, signaling a data-dependent approach to future rate decisions. Key fundamental pressures on the AUD include: Commodity Price Sensitivity: Iron ore and coal prices have retreated from recent highs. Interest Rate Differential: The yield advantage over the US has narrowed considerably. China’s Economic Pace: Australia’s largest trading partner is experiencing a measured recovery. Global Growth Concerns: Recession fears in major economies dampen demand for cyclical assets. Therefore, the Middle East crisis acted as a catalyst that exacerbated these existing vulnerabilities. It shifted market focus squarely onto the currency’s downside risks. As a result, traders quickly repriced the AUD to account for a more hostile global environment. The Role of Central Bank Policies Diverging central bank policies between the Federal Reserve and the RBA also play a crucial contextual role. The Fed has reiterated its commitment to ensuring price stability, keeping the door open for further policy tightening if inflation proves persistent. This hawkish bias supports the US dollar by maintaining attractive yield differentials. Conversely, the RBA’s more neutral-to-dovish posture removes a key pillar of support for the Australian dollar, especially during periods of market stress when yield-seeking behavior evaporates. Market Implications and Forward Outlook The violent move in AUD/USD has several immediate implications. Firstly, it increases hedging costs for Australian importers and corporations with USD liabilities. Secondly, it could provide a modest boost to export competitiveness, though this may be offset by weaker global demand. For forex traders, volatility is likely to remain elevated as the market digests geopolitical developments and key economic data releases. The path forward for the currency pair will hinge on two main factors: the evolution of the Middle East situation and incoming economic data. A de-escalation of tensions could prompt a sharp, relief-driven rebound in the AUD. However, a protracted crisis would likely cement the US dollar’s strength and keep the Australian dollar under pressure. Traders will now monitor support levels around 0.6850 and 0.6800, while any recovery would face stiff resistance near the former support zone of 0.6900-0.6920. Conclusion The AUD/USD pair’s breakdown below 0.6900 serves as a stark reminder of forex markets’ sensitivity to geopolitical risk. The devastating rush into the US dollar, fueled by Middle East fears, overwhelmed the Australian dollar’s fundamentals and technical structure. This episode underscores the importance of monitoring global risk sentiment and safe-haven flows. Moving forward, the currency’s trajectory will depend heavily on whether the current risk-off environment persists or gives way to a calmer market backdrop. FAQs Q1: Why does the US dollar strengthen during geopolitical crises? The US dollar is considered the world’s premier safe-haven currency. During crises, global investors seek the stability and liquidity of US Treasury markets, increasing demand for dollars. Furthermore, uncertainty often leads to the unwinding of investments in riskier countries and assets, a process that requires buying dollars to repatriate funds. Q2: What does breaking the 0.6900 level mean for AUD/USD technically? Breaking a major psychological and technical support level like 0.6900 often signals a shift in market structure from range-bound or bullish to bearish. It can trigger automated selling from algorithmic trading systems and force traders who had bets on the currency holding above that level to exit their positions, accelerating the downward move. Q3: How does this affect the average Australian? A weaker Australian dollar makes imported goods more expensive, contributing to inflationary pressures. It increases the cost of overseas travel and online purchases from foreign retailers. Conversely, it can benefit exporters and sectors like tourism and education by making Australian goods and services cheaper for foreign buyers. Q4: Are other commodity currencies also falling? Yes, other growth and commodity-linked currencies like the Canadian dollar (CAD) and New Zealand dollar (NZD) typically weaken in broad “risk-off” environments. However, the magnitude can differ based on each country’s specific economic ties, central bank policy, and the particular commodities they export. Q5: What should traders watch next for AUD/USD direction? Traders should monitor developments in the Middle East, key US and Australian economic data (especially inflation and employment figures), statements from the Federal Reserve and RBA, and broader equity market performance as a gauge of global risk appetite. The price action around the new support and resistance levels will also be critical. This post AUD/USD Plummets Below 0.6900 as Middle East Fears Spark Devastating Rush into US Dollar first appeared on BitcoinWorld .

26 Mar 2026, 22:10

Coinbase is pushing US lawmakers to reform crypto tax rules, calling current laws outdated

Coinbase and its top executives have always been seeking clarity from US watchdogs on the use of crypto. In a fresh move, the exchange is ramping up pressure on US lawmakers to revamp how digital assets are taxed. They are arguing that current rules are stuck in a pre-crypto era, which is hampering adoption. Faryar Shirzad, Coinbase’s CPO, believes that a basic mismatch might be a blockage here. The US tax code was designed for “20th-century money,” while crypto operates in an entirely different way. However, treating crypto purely as “property” means that even the smallest transactions can trigger tax obligations. This will lead to a system where everyday usage is a compliance headache. Coinbase sees 34% jump in tax queries Shirzad mentioned that under the current rules, something as simple as paying a gas fee or using a stablecoin for a routine transaction is technically a taxable event. He added that the users are expected to calculate cost basis, track gains or losses, and report them. This happens even when the amounts involved are negligible. He noted that crypto’s ability to move seamlessly across wallets and platforms makes this even harder. It often leaves gaps in reporting that brokers themselves cannot fully resolve. According to a report , Coinbase has seen a 34% jump in customer service inquiries. All of them were linked to tax reporting compared with the same period last year. Meanwhile, the introduction of new reporting needs is generating what the company describes as a paperwork overload. It added that millions of Form 1099-DAs will be issued for the 2025 tax year. However, many of them are tied to extremely small transactions. A big portion of these forms relates to proceeds under $600, and hundreds of thousands even track activity below $1. The volume of reporting risks is doing the opposite. It is not improving the clarity among users and is burying meaningful info under huge amounts of data. Cost basis tracking is another structural issue among users. The exchange estimates that more than 63% of users have gaps in their records. This is purely due to crypto’s move between wallets and exchanges. Because of this, taxpayers either overpay or are forced to manually reconcile transactions, and that too with limited support. De minimis exemption for small transactions might work here. Similar limits already exist in other parts of the tax code. It can be applied to crypto to eliminate the need to report minor payments. Euro stablecoin holders jump to 1M The report highlighted that the GENIUS Act has already established a clearer framework for stablecoins and the market. Meanwhile, the Internal Revenue Code remains largely unchanged for cryptos. The cumulative digital assets market is hovering around the $2.4 trillion mark. A recent sell-off has dragged Bitcoin to trade below the $70k level. It is expected that the tax rules could push users and innovation offshore. The company framed the issue not just as a compliance challenge, but as a competitiveness one. It warns the US of losing ground in a sector that it is trying to lead. Data shared by Dune shows that Euro-pegged stablecoin supply has surged from $203 million in January 2023 to $912 million by February 2026. Holders grew from 13,000 to over 1 million during this period. Circle’s EURC leads this tally with $500 million. However, there are 13 euro-pegged stablecoins in the market. This includes EURS, EURe, EURI, EURCV, and more. Euro stablecoins: $203M → $912M supply. 13K → 1M+ holders. @circle EURC leads at $500M, but there are 13 euro-pegged stablecoins across the ecosystem — EURS, EURe, EURI, EURCV, and more. Post-MiCA, the euro stablecoin market is growing and fragmenting into specialized… pic.twitter.com/IBzxDSkyzI — Dune | We Are Hiring! (@Dune) March 26, 2026 Post-MiCA regulatory clarity has pushed this 4.5x supply and 80x holder growth. Euro stablecoins now represent over 80% of the non-USD stablecoin supply in the region. The cumulative stablecoin market holds a cap of more than $319 billion. Tether’s USDT leads the sector with an over $184 billion market cap. Beyond policy, Coinbase entered traditional finance with crypto. The company recently partnered with Better Home & Finance to allow homebuyers to use digital assets like Bitcoin and USDC as collateral for down payments. Despite the major announcement, the COIN price dropped by more than 4% in the last session. It has seen a decline of almost 45% over the last 6 months. COIN traded at $173.38 in the last session. There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance .

26 Mar 2026, 22:05

NZD/USD Slips: Stark Analysis as US Dollar Strengthens Amid Rising Geopolitical Tensions

BitcoinWorld NZD/USD Slips: Stark Analysis as US Dollar Strengthens Amid Rising Geopolitical Tensions The NZD/USD currency pair experienced notable downward pressure this week, slipping as a resurgent US Dollar and escalating geopolitical concerns converged to challenge risk-sensitive assets. Market analysts in Wellington and New York observed the pair breaking below key technical levels, a move that reflects broader shifts in global capital flows and investor sentiment. This development follows a period of relative stability for the New Zealand dollar and signals potential volatility ahead for traders and businesses engaged in trans-Pacific commerce. NZD/USD Technical Breakdown and Market Drivers Charts from major trading platforms clearly illustrate the NZD/USD descent. The pair moved from a weekly high near 0.6150 to test support levels around 0.6050, representing a significant drop of over 1.5% in a short timeframe. This movement coincided with a broad-based rally in the US Dollar Index (DXY), which climbed past the 105.00 mark. Consequently, the greenback’s strength against a basket of major currencies created substantial headwinds for the Kiwi. Furthermore, historical correlation data shows the NZD/USD often acts as a barometer for global risk appetite, making it particularly vulnerable during periods of market uncertainty. Several interconnected factors are driving this price action. Primarily, shifting expectations for interest rate differentials between the Federal Reserve and the Reserve Bank of New Zealand (RBNZ) are at play. Recent US economic data, including robust employment figures and persistent services inflation, have led markets to price in a more hawkish stance from the Fed. In contrast, economic indicators from New Zealand have shown signs of softening domestic demand. This divergence in monetary policy outlooks fundamentally supports a stronger US Dollar relative to the New Zealand Dollar. Geopolitical Tensions Weigh on Risk Sentiment Simultaneously, renewed geopolitical tensions in multiple regions have prompted a classic flight to safety among global investors. Assets perceived as safe havens, most notably the US Dollar, Swiss Franc, and gold, have attracted capital flows. Conversely, currencies like the NZD, which are often tied to commodity exports and global growth prospects, have faced selling pressure. Analysts point to specific events, including trade route disruptions and heightened diplomatic friction, that have injected volatility into currency markets. These events typically reduce investor appetite for growth-linked currencies and amplify demand for the liquidity and perceived stability of the US Dollar. The impact extends beyond spot forex markets into derivatives and international trade. Importers in New Zealand now face higher costs for US-denominated goods, while exporters may see a short-term competitive boost, albeit within a potentially shrinking global demand environment. Market volatility, as measured by indices like the CBOE FX EuroCurrency Volatility Index, has ticked upward, reflecting increased hedging activity by corporations and financial institutions. Central Bank Policy and Economic Data Analysis Monetary policy remains the cornerstone of medium-term currency valuation. The Federal Reserve’s latest meeting minutes reiterated a data-dependent approach, with officials signaling patience before considering rate cuts. This stance contrasts with market expectations earlier in the year that envisioned a more aggressive easing cycle. On the other side of the Pacific, the RBNZ has maintained its Official Cash Rate (OCR) but has adopted a cautiously neutral tone in recent communications, acknowledging slowing economic momentum. The resulting yield advantage for US Treasury bonds over New Zealand government bonds has provided a fundamental underpinning for the USD’s strength. Key economic data releases scheduled for the coming week will be critical. US Consumer Price Index (CPI) and Retail Sales figures will be scrutinized for signs of inflationary persistence or economic cooling. From New Zealand, Quarterly GDP data and the Business NZ Performance of Manufacturing Index (PMI) will offer insights into domestic economic health. Disappointing data from New Zealand coupled with strong US data could exacerbate the NZD/USD’s decline, while a reversal in this dynamic could provide support for the Kiwi. Historical Context and Comparative Currency Performance Placing the current move in context, the NZD/USD has traded within a wide range over the past decade, from highs above 0.8800 to lows near 0.5500. The current levels are closer to the lower end of this historical spectrum. A comparative analysis with other commodity-linked and risk-sensitive currencies is revealing. For instance, the Australian Dollar (AUD) and the Canadian Dollar (CAD) have also faced pressure against the USD, though the magnitude of decline has varied. The following table illustrates the recent performance of key currency pairs against the US Dollar over a one-week period: Currency Pair Weekly Change Primary Driver NZD/USD -1.6% USD Strength, Risk-Off Sentiment AUD/USD -1.2% Commodity Prices, China Concerns USD/JPY +1.8% Widening Yield Differentials EUR/USD -0.9% Diverging ECB/Fed Policy This pattern underscores the broad-based nature of the US Dollar’s rally. The New Zealand Dollar’s performance, while negative, is not an isolated event but part of a larger forex market recalibration. The relative underperformance compared to the AUD may reflect New Zealand’s specific economic exposures and its smaller, more trade-dependent economy. Conclusion The slip in the NZD/USD pair is a direct consequence of a potent combination of fundamental and technical factors. A strengthening US Dollar, fueled by resilient economic data and a recalibrated Fed policy outlook, forms the primary driver. Concurrently, rising geopolitical tensions have dampened global risk appetite, leading investors to retreat from growth-oriented currencies like the New Zealand Dollar. For market participants, monitoring upcoming economic data releases from both nations and tracking developments in global hotspots will be essential for navigating the near-term trajectory of the NZD/USD exchange rate. The pair’s movement will continue to serve as a critical gauge of international capital flows and shifting macroeconomic expectations. FAQs Q1: What does it mean when NZD/USD slips? A slip in the NZD/USD means the New Zealand Dollar is weakening against the US Dollar. It requires more New Zealand Dollars to purchase one US Dollar, indicating selling pressure on the NZD and/or buying pressure on the USD. Q2: Why does a strong US Dollar affect other currencies? The US Dollar is the world’s primary reserve currency. When it strengthens, it often reflects higher US interest rates or safe-haven demand, drawing global capital away from other currencies and assets, thereby exerting downward pressure on pairs like NZD/USD. Q3: How do geopolitical tensions influence forex markets? Geopolitical tensions increase market uncertainty and risk. Investors typically respond by moving capital into perceived safe-haven assets like the US Dollar, Swiss Franc, or gold, selling off riskier assets and currencies, including commodity-linked currencies like the NZD. Q4: What economic data most impacts the NZD/USD pair? Key data includes interest rate decisions and statements from the US Federal Reserve and Reserve Bank of New Zealand, inflation reports (CPI), employment figures, GDP growth numbers, and trade balance data from both countries. Q5: Is the NZD considered a risk-on or risk-off currency? The New Zealand Dollar is generally classified as a “risk-on” or growth-linked currency. Its value tends to rise when global investor sentiment is optimistic and appetite for risk is high, and fall during periods of market stress or uncertainty when capital flows into safe havens. This post NZD/USD Slips: Stark Analysis as US Dollar Strengthens Amid Rising Geopolitical Tensions first appeared on BitcoinWorld .

26 Mar 2026, 22:02

Bo Shen Offers Up to 20% Bounty to Recover $42M Stolen in 2022 Wallet Hack

Bo Shen, co-founder of Fenbushi Capital, has renewed efforts to recover roughly $42 million in digital assets stolen from his personal wallet in a November 2022 hack. This time, he is using a public appeal to mobilize the broader crypto community. At that time, blockchain security firm Beosin confirmed the incident and said the breach likely stemmed from a private key compromise, which allowed the attacker to gain control of the wallet and transfer all funds to two Ethereum addresses. Open Bounty for Missing Crypto In a detailed statement on X, Shen revealed that continuous tracking over nearly three years has led to clearer insights into how the stolen funds moved across the blockchain, as investigators gradually pieced together critical evidence. Building on this progress, he announced a bounty program of 10%-20% of any successfully recovered funds to individuals or organizations that make meaningful contributions to the recovery effort, regardless of their background or affiliation. Shen said that tools such as AI-driven data analysis and advanced on-chain forensics have evolved rapidly, enabling a level of tracing and coordination that was previously difficult to achieve. Interestingly, prominent on-chain investigator ZachXBT and security expert Taylor Monahan have already played a role in freezing approximately $1.2 million worth of related crypto assets. The Fenbushi exec said his team is working to recover those funds and will distribute rewards after the recovery process is completed. He also acknowledged assistance from other security teams, including SlowMist, along with individuals who responded early to the incident. The bounty is open to anyone regardless of background, as long as they provide useful information or technical support that leads to asset recovery. “The power of one person is ultimately limited, but the collaboration and persistence of the community can slowly turn many things that once seemed impossible into reality. Precisely because of this, we are even more convinced that good will prevail over evil. Under new technological conditions, many things that once seemed difficult are gradually becoming possible to advance and resolve.” Targeting Private Keys Nominis recently reported that private key theft is becoming a central attack vector in crypto breaches. A February exploit targeting Step Finance was traced to compromised devices used by its team, which may have led to leaked keys or unauthorized access approvals. Following this, attackers withdrew over 261,000 SOL from project-controlled wallets, as losses reached up to $40 million. The post Bo Shen Offers Up to 20% Bounty to Recover $42M Stolen in 2022 Wallet Hack appeared first on CryptoPotato .

26 Mar 2026, 22:00

ZachXBT flags USDC freeze – Why 16 exchange wallets were hit

USDC freezes reveal control risks, prompting cautious liquidity shifts and reassessment of stablecoin trust.