Summary
BTC falls 6% with $400m liquidations blamed on ETF outflows and dollar strength. Funding at lows, market in ‘no trade zone’. ETH unlikely to be classified a security. Crypto VC funding up 53% in March. Ansem’s cat coin has more volume than NFT market. Memecoins down 10-20%, MEW up 10% after HTX listing. MEME to launch memecoin chain, NFTs on the rise. Pixelmon releases Anime series trailer.
Key Points
1. BTC falls another 6% amid $400m liquidations. ETF outflows and dollar strength blamed for move. Funding completely reset to lows in move. BTC lower high leaves market in ‘no trade zone’. This cycle acting ‘nothing like previous cycle’.
2. ETH unlikely to be classed a security: Coinbase CFO. Crypto VC funding up 53% in March. Ansem’s cat coin sees more volume than NFT market. Most memecoins down 10-20% given move in majors. MEW up 10% after HTX lists, airdrop to Saga phones. MEME to launch memecoin chain, NFTs rise. Pixelmon releases trailer for Anime series.
3. Cats are the new trend in the cryptocurrency market, with Ansem’s cat coin seeing more volume than the NFT market. This shift in focus may be influencing the performance of memecoins, with many experiencing a 10-20% decrease in value. Additionally, the launch of a memecoin chain and the rise of NFTs are shaping the market dynamics.