Plus: The Fed speaks this week – will BTC listen?
We’re kicking off today’s squeeze with something extra juicy:
BitDegree’s $30K Season 7 Airdrop
is live!
Earn Bits by simply answering questions and completing micro tasks – they’ll decide your $$ share of the prize pool when the Season ends on April 30.
Oh, and to make it even sweeter,
Uphold’s
adding an extra 1,000 USDC to the mix – but only until March 24.
No time to waste! Soo… you in or what? 😏
GM. Crypto: half of it is rotten pears, and the other half is hidden gold apples. We’ve already done the sorting – take a bite with no fear.
🙄 Hayden Davis strikes again.
🍋 News drops: UK man continues his fight to find his lost BTC, Pavel Durov was sent back home + more
🍍 Market flavor today
Bitcoin spent the weekend hanging out in the $82K – $85K range, and the vibe of the market’s still fear.
Not without reason, tho’ – we’ve got an interesting week ahead of us:
The big one: the FOMC meeting on Wednesday.
And it won’t be your average Fed meeting. Besides their latest decision on interest rates, they’re also dropping the dot plot – aka a sneak peek at where they see rates going in Q2, Q3, Q4, and next year.
Most people expect the Fed to keep rates unchanged for now, but recent inflation numbers and a strong labor market have some worried they might delay rate cuts longer than expected.
So yeah, brace yourself for volatility – nobody really knows what’s coming, and the crypto market could go into instant reaction mode the second Fed Chair Jerome Powell opens his mouth.
At the same time, analyst Timothy Peterson noted that Bitcoin tends to pump in April and October. So, if history repeats itself… well, you know, April’s right around the corner 😏
Plus, he looked at how long Bitcoin usually stays below its long-term growth trend before making a comeback. The magic number: four months.
If the pattern holds, he predicts that BTC could hit $126K by June.
Too optimistic? Maybe. Fun to think about? Absolutely.
So, on one hand, we’ve got uncertainty keeping retail traders cautious. But on the other? Large investors are seeing it as a buy the dip opportunity.
According to Bitwise’s André Dragosch, the 20-day rolling beta to BTC – which basically tracks how much crypto hedge funds are buying – hit a four-month high.
Translation? Confidence might be sneaking back into the market.
Be ready.
🥝 Memecoin harvest
From “Haha funny frog” to “Sir, this is a financial asset” 🐸
Data as of 07:00 AM EST.
Check out these memecoins and plenty more here.
As you go through life, you’re forced to accept some tough truths. Like how you can’t control everything. How not everyone’s going to like you (and that’s okay). How there are weirdos who pour milk before cereal…
The older you get, tho’, the less shocking these life lessons become. You just learn to deal with them.
But there’s still one lesson that doesn’t fail to make me speechless: and that’s the pure audacity of some people.
Exhibit A: Hayden Davis.
This is the dude who brought us MELANIA and LIBRA – memecoins endorsed by First Lady Melania Trump and Argentine President Javier Milei.
And what did both of these tokens have in common? They were shameless rug pulls.
Now, memecoins rug-pulling isn’t exactly groundbreaking news – we’ve seen it happen over and over again with celebrity memecoins. But when world leaders start playing the game, it raises a whole new set of concerns.
So much so that regulators took notice. In New York, lawmakers have introduced a bill to criminalize crypto fraud – specifically to target rug pulls like these.
Meanwhile, in Argentina, a lawyer requested an Interpol Red Notice for our guy Hayden.
You’d think that would be enough to make someone reconsider their life choices. But nope – like I said, the audacity.
We might as well make him Exhibit B, too, cuz Davis is back at it. AGAIN.
This time, it’s the WOLF memecoin – an attempt to cash in on rumors that Jordan Belfort (yes, the Wolf of Wall Street) might launch his own token.
And would you look at that – 82% of WOLF’s supply was controlled by the same entity.
To no one’s surprise, the token lost 99% of its value in two days.
Moral of the story? Some people will keep scamming as long as people keep falling for it. The only way to stop these people is to stop giving them opportunities.
So, before you jump into the next hyped-up memecoin, please take a step back and do your research.
Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵
Spread the word and be the hero you know you are!
🍋 News drops
👎 James Howells’ plan to dig up his lost 8,000 BTC from a landfill got rejected by the UK Court of Appeal. He now wants to take the fight to the European Convention on Human Rights.
👀 Debiex has to pay $2.5M after ignoring a CFTC lawsuit accusing it of running a romance scam. The platform’s team allegedly tricked people into fake relationships to gain their trust and steal their money.
🚨 Scammers are sliding into inboxes pretending to be Coinbase or Gemini. Their latest trick? Handing out fake recovery phrases, hoping you’ll set up a wallet they control. Be cautious!
✈️ The court allowed Telegram founder Pavel Durov to leave France and return to Dubai. Toncoin, closely linked to Telegram, pumped in celebration.
🧐 The Bank of Korea is saying, “Yeah, no rush on that Bitcoin thing.” Officials said they haven’t even talked about adding BTC to their reserves – because it’s too volatile.
