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Crypto Markets Tumble Again: What you need to know

Mass Liquidations, Expiring Options & Whale Moves—Here’s what is Driving the Chaos

Good morning, and welcome to the Cryptopolitan Daily.

The crypto market never sleeps, and neither do we. Whether it’s breaking news, market shifts, or regulatory updates, we’re here to bring you the insights that matter—fast, sharp, and to the point.

Market-moving headlines 🔥

The SEC is dropping its appeal against Ripple, pending final approval after more than four years of legal battles, but the fight isn’t over yet.

The Prime Minister Lawrence Wong has warned the public about the AI-generated videos and urged them to report such scams to the police.

U.S. spot Bitcoin ETFs have recorded 10 consecutive trading days of net inflows through Thursday—the longest uninterrupted streak since December 2023. 

Trevor Milton, the founder of the bankrupt electric vehicle (EV) company Nikola claimed President Trump pardoned him following his fraud conviction in 2022.

On March 28, 2025, the crypto market faced intense volatility, with nearly $120 million in liquidations occurring. Adding to the uncertainty, Bitcoin options worth $16.5 billion and significant Ethereum contracts are set to expire, potentially amplifying price swings. Ethereum took a sharp hit, plunging 4.7% in just an hour, slipping from $2,000 to $1,900

Source: Coinmarketcap

BTC lost its crucial $85K support, while ETH plunged below $2K, dragging the rest of the market down. 
ETH sentiment remains neutral as open interest declines to $9.9B. Liquidity has built up around the $2,040 and $2,100 levels, but a drop to the $1,800 range could still occur to trigger long liquidations before a potential short squeeze.

Whales Buy the ETH Dip, despite the broader market downturn, large holders continue accumulating ETH under $2,000. The asset remains essential for DeFi, trading, and lending, reinforcing its long-term utility. Currently, 45% of ETH holders are in profit, while 51% are at an unrealized loss, with a small group breaking even.

ETH’s outlook remains uncertain—some argue it could become obsolete or slip further, while others see whale accumulation as a sign of a potential relief rally.

What is next for Ethereum? Read our analysis here.

The reason behind this volatility? As markets brace for Trump’s upcoming 25% car tariffs, traditional assets are feeling the heat—and crypto is no exception. The S&P 500 plunged, with weak earnings hitting every sector, while tech giants saw an 11.3% drop, dragging markets lower.

🔥 Watch our live coverage on X as we track the impact in real time.

Bitcoin’s close correlation with equities—and its growing decorrelation with gold—is playing out once again.

As markets reel from liquidations and volatility, regulatory winds are also shifting. In a surprising move, the SEC has wrapped up several high-profile investigations without taking action—raising questions about what’s next for crypto enforcement.

The agency has officially closed its probes into major exchanges like Crypto.com, Kraken, Consensys, and Cumberland, opting not to pursue enforcement actions. 

This marks a potential turning point in the SEC’s approach, especially after years of aggressive crackdowns on the industry. While the move signals some regulatory relief, it also leaves uncertainty about future policies. With past legal battles still fresh, the question now is whether this signals a broader shift toward clearer guidelines—or just a temporary pause in enforcement.

This marks a potential turning point in the SEC’s approach, especially after years of aggressive crackdowns on the industry. While the move signals some regulatory relief, it also leaves uncertainty about future policies. With past legal battles still fresh, the question now is whether this signals a broader shift toward clearer guidelines—or just a temporary pause in enforcement.

For real-time updates and in-depth analysis, follow Cryptopolitan on X and stay ahead of the market.

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