The Russian Ministry of Finance says it&#8217;s working to regulate crypto by rolling out national infrastructure that would move the local crypto market out of the gray area. Russia&#8217;s Ministry of Finance is stepping up efforts to bring crypto into…

Russia’s MinFin says it wants to curb unregulated crypto activity with national infrastructure

Copper, a provider of digital asset custody and collateral management, has 
partnered with staking infrastructure provider Figment to enhance 
institutional staking options. The collaboration enables Copper’s 
institutional clients to stake assets securely while earning rewards across 
multiple blockchain networks, including…

EXCLUSIVE: Copper and Figment partner to expand institutional staking

XRP is currently trading at $2.27 to $2.32 over the past hour, with a market 
capitalization of $131 billion and a 24-hour trading volume of $4.82 billion, 
moving within an intraday range of $2.14 to $2.28, as technical indicators 
across multiple timeframes reveal a mixed sentiment with both bullish and 
bearish signals shaping the market […]

XRP Price Watch: Bulls Eye $2.50, but Resistance Threatens a Potential Reversal

Redstone&#8217;s native token RED is pumping after a series of developments in a 
single day. RedStone (RED) price has surged by 18% in the past 24 hours, 
trading at $0.57 with a 24-hour trading volume of $188 million, up 287%.…

RED price surges 18% after a slew of developments in a single day, boosting trading volume by over 200%

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key 
support levels since February. As its price retests a key horizontal level, 
some analysts warn of a potential 50% correction to a yearly low. Related 
Reading: Solana Falls Under Realized Price: Here’s What Happened Last Time 
Solana Loses Key Support Level Solana has been one of the leading 
cryptocurrencies of the cycle, fueled by the market’s memecoin frenzy. The 
altcoin climbed over 270% in a year to its latest all-time high (ATH) of $270, 
registered nearly two months ago. Nonetheless, SOL’s bullish sentiment has 
significantly decreased since January, recently plummeting to its lowest point 
in over a year. As a result, the cryptocurrency has dropped over 50% from its 
January 19 ATH. Solana lost the key $200-$220 support zone at the start of 
last month, with the February market crashes sending SOL to retest its next 
crucial levels. After losing the $180 mark two weeks ago, its price hovered 
between the $130-$150 range, surging to the $179 mark at the start of March. 
This week’s market correction, which saw Bitcoin (BTC) drop to $76,000 for the 
first time in four months, has sent Solana to new monthly lows. On Tuesday, 
SOL’s price briefly dropped to $111, a level not seen since the August 2024 
market crash, before bouncing back to $125. Amid the ongoing retest, pseudonym 
trader Crypto Busy warned that SOL must “hold this crucial support to maintain 
a bullish sentiment above $100.” Crypto analyst Ali Martinez previously noted 
that the most crucial zone for Solana appears to be between $110 and $125, as 
this horizontal level served as a key support during its 2021 and 2024 
rallies. The analyst suggested that “holding above this range could be key for 
the next move.” SOL Price Risks Move To $60 Martinez also pointed out that 
Solana could be on the verge of a breakdown, as it has broken below its key 
level. According to the post, SOL risks a 50% crash to the $60 mark if it 
fails to hold the $125 support zone. The analyst highlighted that the 
cryptocurrency has been forming a right angle ascending broadening pattern 
since March 2024, when it first reclaimed the level during this cycle. During 
this period, every higher high on Solana’s chart has created a rising 
trendline at the top of the pattern, while the $125 support has held “as a 
strong horizontal support trendline.” Related Reading: Ethereum Risks Another 
15% Correction After Fall Below $2,000 – What’s Next For ETH? However, SOL’s 
break below this horizontal zone has increased the odds of a 50% price 
correction to the Q4 2023 levels. Additionally, Martinez recently warned of a 
potential correction based on Solana’s trading pair against Bitcoin, which 
started to resemble ETH/BTC’s chart. The analyst suggested that the SOL/BTC 
chart was looking like Ethereum’s trading pair against BTC’s past price 
action, adding that if it continued to follow this pattern, the SOL/BTC chart 
could see a drop to the 0.0008 region. After the recent price action, the 
trading pair hit a 15-month low of 0.0014624 on Tuesday. As of this writing, 
Solana trades at $124, a 14% decline in the weekly timeframe. Featured Image 
from Unsplash.com, Chart from TradingView.com

Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon?

The Turkish Capital Markets Board introduces new licensing and operational 
regulations for cryptocurrency exchanges, custodians, and wallet service 
providers. Turkish authorities have rolled out a new regulatory framework on 
March 13 to tighten oversight and operational standards for cryptocurrency 
exchanges,…