In crypto news today: Crypto market is red today Possible Market Reversal Incoming RedStone Expands Price Feeds to Movement Labs’ L2 Network Kraken Introduces Colocation Service for Institutional and Individual Clients __________ Crypto market is red today The crypto market has gone back to red in the past day. The global cryptocurrency market capitalization fell 3.4% over the past 24 hours, currently standing at $2.78 trillion. At the time of writing, the daily crypto trading volume is $82.7 billion, still significantly lower than what it had been over the past few weeks. Not many of the top 100 coins per market cap are green today. Among the green ones, the best performer is Tokenize Xchange (TKX) , which appreciated 7.2% to $32.68. The rest appreciated up to 4%. On the other hand, Pi Network (PI) continues to be the top red coin in this category. It is down 18% to $1.11. It’s followed by Cronos (CRO) in the distant second place – it is down 9.3% to the price of $0.07964. The other coins decreased by up to 6% each. As for the top 10 coins, only one is up. Tron (TRX) appreciated 3.5%, now trading at $0.2233. At the same time, Dogecoin (DOGE) is down the most: 4.5% to $0.1632. Bitcoin (BTC) fell 1.9%, currently trading at $81,435, while Ethereum (ETH) decreased by 1.2%, currently changing hands at $1,874. Possible Market Reversal Incoming Traders are cautious due to the current state of the market, says Nick Forster, founder of the decentralized onchain options AI-powered platform, Derive.xyz . His team expects to see a mix of continued consolidation and potential volatility in the coming weeks, Forster says in an email. “Both ETH and BTC face major challenges, but their longer-term prospects will depend on how these key developments unfold.” ETH is facing competition from Solana and other L1 chains, as well as challenges from divided liquidity and attention spread across multiple Ethereum Layer 2s like Base , Optimism , and Arbitrum . There is currently a 17% chance of ETH reaching over $3,000 by the end of September and a 31% chance it could settle below $1,500. However, Ethereum could benefit from the Pectra upgrade and the growing real-world asset (RWA) space. As for BTC, Forster comments that there is a 15% chance of its price exceeding $150,000 by September, and a 25% chance of it falling below $70,000 by the same time. Potential triggers include a ceasefire or lack thereof in Ukraine, or significant shifts in crypto regulatory policy in the US. Additionally, $980 million was withdrawn from BTC ETFs last week, and the outflows could cause further volatility in the market. Institutional money exiting could potentially result in mass sell-offs. You might also like Bitcoin Bull Cycle is Over, Expect 6-12 Months of Bearish Trend: CryptoQuant CEO RedStone Expands Price Feeds to Movement Labs’ L2 Network RedStone Oracles , a DeFi oracle backed by Arrington Capital , now delivers oracle price feeds for Movement Labs’ Layer 2 network. Per the announcement, the move enables the team to expand its price feeds across the Ethereum ecosystem. RedStone’s Pull Model infrastructure integrates seamlessly with Movement’s Layer 2 framework, providing developers with access to scalable and reliable oracle solutions. Furthermore, it offers high-performance, low-latency data feeds with cryptographic validation and leveraging the Data Distribution Layer (DDL) and MoveVM Data Consumption Module, said the team. MoveVM is a specialized Move Virtual Machine (Move VM) that enables precise asset control, optimized transaction processing, and verifiable security, the announcement claims. Additionally, the ecosystem integrates the Move Executor with Fast Finality Settlement for near-instant transactions and a Decentralized Shared Sequencer for fair transaction ordering. “Together, these powerful components enhance onchain performance by providing dual compatibility, rapid settlement, and seamless cross-chain capabilities while advancing blockchain security and scalability,” said the press release. 1/ Stake RED through @Eigenpiexyz_io to receive incentives and liquid staked mRED tokens. https://t.co/3HoH0ccpID pic.twitter.com/eQSFixBpTy — RedStone Oracles (@redstone_defi) March 18, 2025 You might also like RedStone Selected as Official Blockchain Oracle for Securitize’s RWA Expansion with BlackRock Kraken Introduces Colocation Service for Institutional and Individual Clients Crypto exchange Kraken has announced plans for its new colocation service for clients and partners seeking ultra-fast execution. The service is designed to boost trading performance and scalability, while maintaining fair and transparent access to Kraken’s global crypto markets, the announcement said . Speedrun trading, unlocked for Kraken clients Kraken is launching colocation services, an ultra-low-latency experience for traders looking for enhanced trade execution. Faster trades, tighter spreads, no lag—because milliseconds matter. Learn more … — Kraken Exchange (@krakenfx) March 17, 2025 Kraken clients will be able to access ultra-low latency trading from Kraken’s European data center by renting cloud compute from Beeks , a provider of low-latency compute, connectivity, and analytics solutions. The service will be available later this year. Eligible clients will also have the option to install physical hardware at Kraken’s data center and access colocation services directly, the team said. The exact latency improvements will vary based on client location, it added, but those using Beeks Exchange Cloud colocation services will have the same low-latency benefits as those installing physical hardware at the data center. “Traders operating from London, for example, can expect a sub-millisecond latency,” the exchange said. You might also like Crypto Exchange Kraken Mulls 2026 IPO: Bloomberg __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
