Crypto News Today, 28th March : Why Crypto is Down? Bitcoin News, Ethereum Price, Pi Network Price

MicroStrategy ($MSTR) stands to profit significantly if Bitcoin closes above $96,000 on March 31st. Normally, founder Michael Saylor buys BTC quietly to avoid moving the market—but this time, the company has a clear incentive to see prices surge. With a low-liquidity weekend ahead, any sharp move could have an outsized impact on BTC’s price. As March closes in, all eyes are on Bitcoin and whether MSTR will seize the moment.

South Korea’s largest cryptocurrency exchange, Upbit, has issued an official investment warning for the HIFI token. This comes after the Digital Asset eXchange Association (DAXA) placed HIFI on its transaction watchlist due to concerns over unusual trading patterns or potential risks. As a precautionary measure, Upbit announced it will suspend deposit services for HIFI, urging users to exercise caution when trading the token. The exchange is closely monitoring the situation and will provide updates as necessary.

A fraud gang of 34 individuals ran the fake “OURBIT Digital Currency Trading Platform,” falsely claiming to have financial licenses from the US and UK. They manipulated Bitcoin-based K-line charts to simulate trading of nine virtual currencies, scamming nearly 30,000 victims within a year. The total amount involved reached 460 million yuan (approximately $63.6 million USD), making it one of the largest crypto fraud cases uncovered in recent years.

No, the viral video showing Donald Trump revealing the Bitcoin whitepaper in the Oval Office is fake. It was digitally altered from a Fox News segment where Trump showcased the Declaration of Independence. Despite being doctored, the video reflects a real trend—Trump’s growing embrace of crypto. Since returning to office, he’s signed an executive order to build a Bitcoin reserve and pushed pro-crypto policies, including repealing a controversial DeFi tax rule and supporting ETF partnerships.

As of March 26, 2025, President Donald Trump has signed 104 executive orders in his second term, breaking Franklin D. Roosevelt’s record of 99 within the first 100 days. This makes Trump’s pace of signing executive orders the fastest in modern U.S. history. His orders mainly focus on shrinking the federal government, adjusting trade tariffs, rolling back environmental regulations, and tightening immigration controls. Some orders have been challenged in court, raising concerns over potential executive overreach and legal reversals.

Ethereum is down over 5% today, trading around $1,925.96, due to broad crypto market volatility and investor caution. Despite the successful completion of the Pectra test upgrade, concerns around Ethereum’s high gas fees, rising competition from faster blockchains, and short-term profit-taking have pressured its price. ETH also briefly dipped below $2,000 twice in the past 24 hours, triggering bearish sentiment. The decline reflects short-term uncertainty despite strong long-term fundamentals and network upgrades.

Ethereum developers have completed the final Pectra test on the Hoodi Testnet, moving closer to the mainnet upgrade expected in 30 days. The upgrade aims to boost scalability, reduce latency, and allow multi-token gas payments and smart contract execution within wallets. Despite the progress, Ethereum’s price remains stable around €1,866, with a 0.2% daily rise. The recent dips below €1,866 haven’t shaken investor optimism, as analysts believe ETH is still undervalued compared to other altcoins.

Binance added four new tokens — Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) — to multiple services. As of March 28, 2025, they are available on Binance Simple Earn, Buy Crypto, Convert, and Margin trading. They will also be supported on Binance Auto-Invest starting March 29, 2025. Users can trade them against BTC, USDT, and more, and buy with payment methods like VISA, MasterCard, Google Pay, and Apple Pay.

On March 27, 2025, the U.S. Government transferred 97.336 Bitcoin (worth around $8.46 million) from the ‘Sae-Heng Confiscated Funds’ wallet to another address. While the purpose of the transfer remains undisclosed, it has sparked speculation about whether the move is tied to a strategic Bitcoin reserve. The lack of official clarification has fueled curiosity among crypto watchers, especially as governments worldwide explore digital asset strategies amid growing adoption and institutional interest.

Gold hit a new all-time high of $3,077, just two weeks after breaking $3,000 on March 14, 2025. It’s now up 15.76% year-to-date, driven by rising global tensions and increased safe-haven demand. Investors are turning to gold following U.S. President Trump’s 25% tariff on imported cars, which sparked fears of a trade war. In response, Goldman Sachs raised its year-end forecast to $3,300, citing strong ETF inflows and central bank buying. Gold remains a top choice for stability.

Over $120 million was liquidated from the crypto market in the past 60 minutes, highlighting extreme volatility. If Bitcoin drops below $86,000, cumulative long liquidations on major CEXs could surge to $648 million. Conversely, if BTC rises above $88,000, short liquidations may reach $515 million. This liquidation pressure on both sides is causing sharp market movements. Bitcoin is currently hovering near $86,115, making traders nervous as it approaches critical levels that could trigger further cascading liquidations.

Crypto market is crashing today due to weak momentum and resistance at key levels. Bitcoin is stuck around $87,000 with its RSI showing trader indecision. Ethereum dropped below $2,000 after facing rejection at $2,081, with its RSI signaling bearish pressure. Ripple is nearing its 100-day EMA at $2.31, and if it breaks below, it could fall further. Overall, technical indicators show a lack of strong buying, leading to the current pullback across major cryptocurrencies.