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Charles Hoskinson, founder of the Cardano (ADA) blockchain, recently extended a special deal involving Dogecoin (DOGE) to billionaire entrepreneur Elon Musk. Hoskinson dropped his Dogecoin idea in an X post, tagging Musk, a long-time supporter of the leading memecoin. Hoskinson asked Elon Musk if he is ready to make DOGE the main currency on social media X, formerly Twitter. The Cardano founder added that an old Bitcoin 2 roadmap he had written years ago could form the base for DOGE’s inclusion on X. He also mentioned Ergo’s tech as another option for a Dogecoin fork. Notably, the proposed upgrade will require adequate parameters for proper implementation. These include full smart contract support, state channels for super-cheap tipping on X, and a new proof-of-work system to handle Grok AI’s heavy computing. The list also includes Quantum resistance, with the decision up to the Dogecoin community. When asked how many Dogecoin he owns, Hoskison replied, “None.” However, he thinks the project would be fun, labeling it one of his “sidequests.” Although Hoskinson’s tone appeared relaxed, the tech behind such a project is enormous. As of this writing, Elon Musk has yet to respond to Hosinson’s idea. However, market participants have speculated a long time ago about Dogecoin becoming part of X. Intriguingly, Musk has played into the hype before as the platform prepares to move into financial services. As mentioned in our previous news brief, X CEO Linda Yaccarino announced the launch of a peer-to-peer payment functionality on the platform. This move aligns with Elon’s vision of making X the ultimate “everything app.” Although X initially planned to integrate fiat currencies, the platform’s development hinted at the potential future integration of cryptocurrencies. Shortly after the creation of X Payments, DOGE saw a rally of over 9%, as indicated in our earlier discussion. Several reports recently claimed that X plans to launch its payment system, X Money, this year. The speculation intensified after a software code leak suggested that X Money may debut sooner than expected. Whether Musk will consider integrating DOGE into X is yet unknown. The crypto market is still experiencing difficulty as liquidations continue to soar. This broader market sentiment has affected top cryptocurrencies, including Dogecoin. Currently, DOGE’s price has lost 14.7% of its value within the last 24 hours, setting the price at $0.1894. DOGE is now trading as the ninth-biggest crypto with a market capitalization of $28 billion. So far, there are no reversal signals for DOGE on the bigger time frame. Nevertheless, Dogecoin could see a breakout if the correction continues to the nearest support level. This potential breakout will likely lead to a further decline to the $0.16 mark. Meanwhile, market analyst Ali Martinez forecasted that DOGE could hit $4 if it holds above $0.16–$0.19.

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Crypto traders face challenges as market volatility and economic policies like Trump trade tariffs send the market into a downtrend. Investor confidence has dropped, increasing selling pressure and causing a crypto liquidation surge. Bitcoin and major altcoins have also lost substantial value, erasing recent gains and heightening investor fears. The market’s instability forces traders to adjust strategies quickly. Despite the uncertainty, opportunities remain for those who analyze trends effectively. Panic Selling Hits Crypto: $460 Billion Wiped Out in 24 Hours The crypto traders are panicking as the market records $1.09 billion of liquidation in 24 hours. This market chaos has been caused by a variety of reasons, but Trump trade tariffs are creating the biggest turmoil. The tariffs on Canada and Mexico are going into effect today, and risk assets are losing investors once again. Today’s wave of liquidation was accompanied by massive drops in cryptocurrencies’ value. Bitcoin lost 10% of its value, while big altcoins, including ETH, XRP, SOL, and ADA, lost between 15% to 25% Provided by Kobeissi Letter, Published on CoinGape, March 4, 2025. Today, Bitcoin has had the biggest liquidation among cryptocurrencies, suffering more than $400 million of the $1.09 crypto liquidation surge. Additionally, as Graph 1 highlights, In the last 24 hours, the crypto market has also lost $460 billion in market cap. Moreover, according to The Kobeissi Letter, this caused a $19.1 billion loss in market cap per hour in the past day. BTC Hits $94K, Then Crashes – Will $70K Be the Bottom? Before today’s explosive downturn, the markets were experiencing a hopeful surge following the announcement of a crypto reserve on Sunday. Although President Donald Trump’s announcement energized the market over the weekend, all the gains were wiped out after today’s crash. On the weekend, BTC even reached $94,000, but today, it is trading at nearly $84,000. BTC’s trading volume saw a 15% increase today, reaching $77 billion and increased selling pressure. If this trend continues, Bitcoin can fall into the $75,000 range before starting a recovery. Arthur Hayes, the former BitMEX CEO, reaffirms this view while remaining positive about BTC’s performance. While suggesting that Bitcoin’s bull cycle can continue, he mentioned in the worst-case scenario, BTC could bottom at $70000. KALEO, a crypto commentator, also suggested that after such a chaotic week for crypto, BTC’s fall to $70000 is not improbable. Altcoin Market Takes a Hit: Will Patience Be Rewarded? Unsurprisingly, altcoins were not safe from this crisis, with the biggest altcoin, Ethereum, reaching as low as $2,030. Altcoins were also underwhelming throughout February, with Ethereum, Cardano, Solana, and XRP seeing 25% corrections in the last month. As such, although the year started with investors expecting an altcoin season, the market sentiment now shows no such expectation. Despite this disappointing performance, some analysts ask investors to refrain from panic selling. For instance, Michael van de Poppe, a known crypto analyst, is one of the commentators who urged the community to be patient. “Most of the altcoins are giving back their gains against Bitcoin today. Why? People want to get out; that’s why they sell on every bump upwards, and that’s why things will take time.”. From Correction to Comeback: Is Crypto Rebound Coming? If selling pressure persists, BTC could test lower support levels, possibly near $70K, while altcoins may decline further. However, renewed stability might restore confidence, sparking a market rebound as crypto continues to evolve. Long-term adoption remains a significant factor in sustaining growth. Although the current market condition is disappointing, experienced traders know historically, after every correction, a recovery can be coming. So, despite how market sentiment hinges on emotional decisions and celebrity endorsements, smart investors can analyze the market logically. The post Crypto Market in Chaos! $1.09 Billion Liquidated After Trump Tariff Shock appeared first on Coinfomania.

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A motivational message for the crypto community! Key Takeaways 1. *Stay Focused*: Maintain a clear mindset and avoid impulsive decisions. 2. *Manage Risks*: Be cautious and manage your risks wisely to minimize losses. 3. *Consistency*: Prioritize consistency over intensity for long-term success. 4. *Smart Moves*: Make informed, strategic decisions to achieve significant gains. Inspirational Reminder "Small, smart moves lead to big wins!" Wishing You A profitable and rewarding day ahead!