News

Analysts indicate that market sentiment has reversed, marking the first relatively strong signal since bitcoin dropped from its peak to $60,000. They predict that if bitcoin holds steady at $74,000, it could usher in a new round of gains. Meanwhile, ETH is expected to reach $2,400, and SOL is projected to hit $100. (Ai Yi)

BlockBeats News, March 16th, according to Defillama data, Hyperliquid's 24-hour revenue exceeded $1 million, reaching $1.27 million, temporarily ranking third on the cryptocurrency project revenue leaderboard (Tether ranked first with $16.41 million in revenue, Circle ranked second with $6.87 million in revenue). Also, according to an exchange market data, Hyperliquid's native token HYPE surged over 5.2% in the last 24 hours, and over 26% in the past 7 days.

March 16 news, the latest market analysis from Xinhuo Research Institute shows that the crypto market is performing significantly better than the US stock market, with bitcoin price breaking through the $74,000 mark and reaching a new high since February this year. This trend effectively validates Xinhuo Research Institute's previous accurate prediction that the market has entered a "high cost-performance zone," marking the basic completion of the bottom-building phase. Xinhuo Research Institute's analysis points out that this breakout is supported by multiple verification signals. From the perspective of capital flow, Xinhuo OTC business has recently seen a significant surge, with the highest single-day trading volume increasing by 441.36% (more than four times) compared to the average daily trading volume in February 2026, and a week-on-week increase of 92.02%, reflecting strong institutional entry intentions; BTC and ETH spot ETFs have continuously shown net inflows, with cumulative net inflows exceeding $760 millions over the past week; a certain exchange's premium turned from negative to positive, indicating sufficient buying confidence among US institutions. In addition, several large institutions (DAT) have unusually increased their holdings simultaneously, and the Fear and Greed Index has rebounded from extreme fear to the 30-40 range. These data usually indicate that the main funds have completed low-level accumulation, retail investors' panic has been effectively alleviated, and the characteristics of the market bottom are becoming increasingly prominent. Looking ahead, although the capital side shows clear bottom-building signals, the macro environment and long-term technical aspects still exert some pressure. The uncertain geopolitical situation in the Middle East has led to rising oil prices, which may trigger a rebound in global inflation expectations and disrupt the pace of Federal Reserve interest rate cuts. Xinhuo Research Institute maintains its core judgment: it is not recommended to engage in overly aggressive short-term speculation at this stage, but it may be a good window for medium- and long-term investors to accumulate chips. Investors may need to remain cautiously optimistic at this stage, closely monitor the support levels at $68,600 and $71,000 below, as well as the resistance levels at $74,000, $76,000, and $82,000 above.