Sonic (prev. FTM) ($S) Crypto Forecast: Down 11.6% Today

What is Sonic (prev. FTM)?

Asset S is a popular cryptocurrency token known for its innovative technology and strong community support. The overall cryptocurrency market has been volatile recently, with investors closely monitoring regulatory developments and geopolitical tensions.

Why is Sonic (prev. FTM) going down?

S crypto is down 11.6% on Mar 29, 2025 10:42

• The bearish movement in S today could be attributed to the overall negative sentiment in the cryptocurrency market, possibly influenced by regulatory concerns and geopolitical uncertainties.
• The potential transformation of the U.S. SEC with a focus on crypto could have raised concerns among investors about increased regulatory scrutiny on cryptocurrencies, leading to selling pressure on S.
• Additionally, warnings about de-dollarization risks among U.S. allies may have sparked broader market fears, causing investors to move away from riskier assets like cryptocurrencies.
• Recent developments related to Trump's actions in the crypto sphere and stablecoin strategy to reinforce U.S. dollar dominance may have added to the uncertainty and volatility in the market, contributing to the bearish movement in S.

S Price Chart

S Technical Analysis

S News

Paul Atkins Poised to Transform U.S. SEC with Crypto Emphasis

Paul Atkins Poised to Transform U.S. SEC with Crypto Emphasis

https://coincu.com/329302-paul-atkins-sec-crypto-strategy/

Trump and Carney Talks: Will April 2 End the US-Canada Trade War?

Trump and Carney Talks: Will April 2 End the US-Canada Trade War?

https://www.coingabbar.com/en/crypto-currency-news/trump-and-carney-in-talks-is-a-us-canada-trade-deal-coming

Deutsche Bank Warns of Significant De-Dollarization Risks Among US Allies

Deutsche Bank Warns of Significant De-Dollarization Risks Among US Allies

https://news.bitcoin.com/deutsche-bank-warns-of-significant-de-dollarization-risks-among-us-allies/

Trump Pardons BitMEX Founders, Clearing Their Names After Crypto Legal Battles

Trump Pardons BitMEX Founders, Clearing Their Names After Crypto Legal Battles

https://cryptodnes.bg/en/trump-pardons-bitmex-founders-clearing-their-names-after-crypto-legal-battles/

All about Trump’s stablecoin strategy to reinforce U.S. dollar dominance

All about Trump’s stablecoin strategy to reinforce U.S. dollar dominance

https://ambcrypto.com/all-about-trumps-stablecoin-strategy-to-reinforce-u-s-dollar-dominance/

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Sonic (prev. FTM) Price History

29.02.2025 - S Crypto was down 10.4%

• The movement of $8M in Bitcoin by the U.S. government may have raised concerns about potential regulatory changes or increased scrutiny in the crypto space, leading to a sell-off in various cryptocurrencies, including token S.
• The FDIC's decision to clear the path for bank crypto activities without prior approval might have introduced uncertainty among investors, contributing to the bearish sentiment in the market.
• President Trump's clearance of money laundering convictions for Bitmex founders could have further fueled the negative sentiment, prompting questions about the regulatory landscape and compliance within the crypto industry.
• Bitcoin's testing of a critical support level at $84,000 amid rising inflation in the U.S. likely impacted the overall crypto market, including token S, as investors turned to safer assets in response to economic concerns.

29.02.2025 - S Crypto was down 7.2%

• The bearish movement of cryptocurrency token S could be attributed to the negative sentiment surrounding the broader cryptocurrency market due to regulatory developments.
• Clearing Hawk Tuah Girl despite the crash of $HAWK meme coin might have added to the overall uncertainty and lack of investor confidence in the crypto space.
• Seeking forfeiture of $23 million in crypto after Gotbit guilty plea could have raised concerns about regulatory crackdowns and legal risks associated with cryptocurrencies, impacting token S negatively.
• The U.S. government's movement of $8 million in Bitcoin and clearing path for bank crypto activities without prior approval may have created uncertainty about potential regulatory changes, leading to a sell-off in token S.
• Clearing Bitmex founders' money laundering convictions might have had a minimal direct impact on token S but could have contributed to the overall negative sentiment in the crypto market.

29.02.2025 - S Crypto was down 10.2%

• The bearish movement of S today could be attributed to the overall negative sentiment in the cryptocurrency market due to regulatory concerns and legal battles affecting major players like BitMEX.
• Concerns about significant de-dollarization risks among US allies, as highlighted by Deutsche Bank, may have also contributed to the bearish trend as investors seek more stable assets amid geopolitical uncertainties.
• The strategy proposed by Trump to reinforce US dollar dominance through stablecoins could have added to the selling pressure on cryptocurrencies like S, signaling potential challenges for alternative digital assets.
• The Department of Justice's action to seek forfeiture of $23 million in crypto after a guilty plea from Gotbit might have further spooked investors, leading to a broader sell-off in the cryptocurrency market, including S.

29.02.2025 - S Crypto was down 11.6%

• The bearish movement in S today could be attributed to the overall negative sentiment in the cryptocurrency market, possibly influenced by regulatory concerns and geopolitical uncertainties.
• The potential transformation of the U.S. SEC with a focus on crypto could have raised concerns among investors about increased regulatory scrutiny on cryptocurrencies, leading to selling pressure on S.
• Additionally, warnings about de-dollarization risks among U.S. allies may have sparked broader market fears, causing investors to move away from riskier assets like cryptocurrencies.
• Recent developments related to Trump's actions in the crypto sphere and stablecoin strategy to reinforce U.S. dollar dominance may have added to the uncertainty and volatility in the market, contributing to the bearish movement in S.

28.02.2025 - S Crypto was down 12.0%

• The bearish movement of token S today could be attributed to the recent events involving US authorities seizing USDT held in crypto wallets allegedly intended to support Hamas. This development has likely raised concerns about regulatory crackdowns and illicit activities in the cryptocurrency space, prompting a general sell-off of various digital assets, including token S.
• Moreover, the SEC's decision to drop charges in crypto cases and ease its regulatory stance may have unsettled investors, leading to a sense of uncertainty and contributing to the bearish sentiment affecting token S.
• The reintroduction of a bipartisan crypto bill aimed at combating illegal blockchain activities in the US House may have further contributed to the overall cautious atmosphere in the crypto market, exerting downward pressure on the price of token S.

28.02.2025 - S Crypto was down 12.2%

• The bearish movement of cryptocurrency token S today could be attributed to the negative sentiment created by US authorities seizing USDT allegedly intended to support Hamas.
• The reintroduction of a bipartisan crypto bill in the US House may have raised concerns about regulatory scrutiny and compliance within the crypto space, leading to a sell-off of S tokens.
• The bearish trend in the cryptocurrency market, including the decline of token S, could also be linked to the overall risk-off sentiment due to inflation fears and the plunge of the Venezuelan Bolivar after a tariff regime announcement.

28.02.2025 - S Crypto was down 10.9%

• The bearish movement of cryptocurrency token S today can be attributed to the overall market sentiment influenced by regulatory concerns and inflation fears.
• The appointment of a new SEC chair focusing on creating a regulatory framework for crypto may have spooked investors, leading to a sell-off in token S.
• The spike in the Fed's favorite inflation gauge and the resulting market tumble likely added to the negative pressure on cryptocurrency prices, including token S.
• The criticism surrounding the new SEC head's ties to FTX and lack of transparency might have further fueled uncertainty in the crypto market, contributing to the downward trend in token S.

28.02.2025 - S Crypto was down 11.4%

• The bearish movement of S today could be attributed to the overall market sentiment following the plunge of Bitcoin (BTC) and the broader crypto market.
• U.S. banks no longer needing advance permission for crypto activities may have led to increased regulatory uncertainty, impacting investor confidence in cryptocurrencies like S.
• The announcement regarding the Venezuelan Bolivar plunging after a crude tariff regime change could have sparked concerns about geopolitical instability, causing investors to move away from riskier assets like cryptocurrencies.
• Additionally, potential inflation fears due to hot PCE data may have prompted a shift towards traditional safe-haven assets, leading to a sell-off in cryptocurrencies like S.

28.02.2025 - S Crypto was down 5.7%

• The bearish movement of Token S could be attributed to the overall negative sentiment in the cryptocurrency market following the dismissals of Ripple and Coinbase cases by the SEC.
• The downward trend in Token S might have been exacerbated by the general slide in Ethereum and XRP prices, indicating a broader market correction.
• The news about Nasdaq seeking SEC approval to list Grayscale’s spot Avalanche ETF could have diverted investor attention away from Token S, leading to a decrease in demand and subsequent price drop.
• The mention of an Ethereum rival offering opportunities at current levels with a catch might have also shifted investor focus towards other cryptocurrencies, contributing to the bearish movement of Token S.

28.02.2025 - S Crypto was down 9.3%

• The bearish movement of token S today could be attributed to the overall negative sentiment in the cryptocurrency market due to regulatory uncertainties.
• The news about the SEC filing for Grayscale’s AVAX Trust seeking a Nasdaq listing may have diverted investor attention away from token S, leading to a decrease in demand.
• Additionally, the discussions around the future of cryptocurrencies post the Ripple and Coinbase dismissals by the SEC might have added to the bearish pressure on token S as investors remain cautious.
• The rise in gold prices and the fall in Wall Street due to tariff-inflation concerns could have also prompted investors to move towards traditional safe-haven assets, impacting the demand for riskier assets like token S.

28.02.2025 - S Crypto was down 10.7%

• The bearish movement of S could be attributed to the overall negative sentiment in the cryptocurrency market following Bitcoin testing a key support level amid rising inflation concerns in the U.S.
• The news of FDIC clearing the path for bank crypto activities without prior approval might have added to the bearish pressure as it raises concerns about potential regulatory challenges for cryptocurrencies.
• The clearance of money laundering convictions for Bitmex founders by President Trump could have initially been seen as positive news but may have been overshadowed by broader market factors leading to the bearish movement of S.
• The dropping of charges by the US SEC against Hailey Welch in a crypto case may have had a limited direct impact on S but could have contributed to the overall uncertain regulatory environment for cryptocurrencies.

28.02.2025 - S Crypto was down 10.0%

• The bearish movement of token S could be attributed to the overall negative sentiment in the cryptocurrency market.
• Criticism towards the new SEC head for ties to FTX and lack of transparency might have added to the uncertainty and fear among investors, leading to a sell-off in various cryptocurrencies, including token S.
• Mention of altcoins to sell before March 31 to prepare for a crypto bull market might have prompted traders to reevaluate their positions, potentially causing a downward pressure on token S.
• The plunge in altcoins due to inflation heating up in February could have also influenced the bearish trend of token S as investors may have shifted their focus towards more stable assets amid economic uncertainties.