Bitcoin

Solana price forecast as bulls fight to keep $80 support intact

Solana changed hands for around $83 on the morning of March 9, 2026. The cryptocurrency could dip to under $75 if bearish sentiment holds. SOL price has floundered amid macro headwinds but could see another oversold bounce. Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in…

Solana changed hands for around $83 on the morning of March 9, 2026.
The cryptocurrency could dip to under $75 if bearish sentiment holds.
SOL price has floundered amid macro headwinds but could see another oversold bounce.

Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in the past 24 hours.

The altcoin may be showing signs of bucking the trend across stocks as Bitcoin also pulls off the $66,000 low.

However, SOL is down by more than 5% in the past month and could revisit recent lows under $80 amid persistent negative funding rates and as the Iran war decimates risk sentiment.

Solana price: market conditions fuel caution

SOL has faced headwinds alongside Bitcoin and Ethereum since sliding from $250 in September 2025.

An acceleration in losses saw SOL drop to lows of $75 on February 5, 2026, and bulls have struggled to break above $90 since.

The broader macro and geopolitical headwinds have been key downward catalysts year-to-date, with these contributing significantly to the fading memecoin hype that has hit trading volumes hard.

While net inflows into Solana spot ETFs have largely defied the sharp redemptions that hit BTC and ETH products, institutional demand has slowed.

Cumulative SOL ETF assets sit at $958 million.

SoSoValue data shows two consecutive days of outflows last week, with over $8.2 million exiting on Mar 6.

That saw weekly flows cut to about $24 million from over $44 million the previous week.

Technical analysis

Standard Chartered recently cut its 2026 target for SOL to $250, but analysts at the bank forecast a bullish flip to $2,000 by 2030.

Buyers have the long-term forecast in their favour.

However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to batter sentiment.

Solana SOL Chart — Solana price chart by TradingView

SOL prices hover in a broader range between $75 and $94, but as broader crypto sentiment weighs on investors amid surging oil prices, the altcoin could flip lower.

Earlier on Monday, oil prices surged to near $120 a barrel amid concerns around the US- Iran war. Prices have since dropped to $100 after reports said the G7 will discuss to release emergency oil reserves.

The RSI and MACD indicators on the daily chart above highlight this possibility.

But could Solana bulls hold $80-$75 as a support zone intact as they eye a bullish reversal?

On-chain data shows funding rates extending in the negative and open interest down to $4.93 billion, down from $8.86 billion in mid-January.

Prolonged negative funding rates have nonetheless preceded an upside flip for the cryptocurrency.

This positions SOL for a likely short-term uptick, with $118-$120 the primary hurdle above the psychological level of $100.

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The amended registration describes a proposed fund structure centered on cost efficiency and direct bitcoin exposure, positioning the product against existing spot ETF offerings with higher expense ratios. The development introduces potential downward pressure on fees across issuers competing for institutional and adviser-driven allocations. According to the prospectus, the Morgan Stanley Bitcoin Trust is designed as a passive vehicle that tracks bitcoin using the Coindesk Bitcoin Benchmark 4PM NY Settlement Rate while holding bitcoin directly without leverage or derivatives. The fund facilitates share creation and redemption through bitcoin transfers tied to large basket sizes, with authorized participants able to transact in cash or in-kind via designated counterparties.

Blackrock Dominance Faces Pressure as Morgan Stanley Scale Looms

Comparative data shows Blackrock’s Ishares Bitcoin Trust ETF (IBIT) carries a 0.25% expense ratio and holds approximately 785,241 BTC valued at approximately $54.09 billion, representing a 100% allocation to bitcoin with minimal cash exposure as of March 26. The scale of these holdings underscores its dominant market position, while the fee differential highlights how Morgan Stanley’s proposed pricing could challenge established leaders.

Additional projections point to significantly larger potential inflows tied to Morgan Stanley’s wealth management platform. Phong Le, president and CEO of Strategy, stated that Morgan Stanley Wealth Management oversees about $8 trillion in client assets and recommends a 0%–4% bitcoin allocation range, which could translate into substantial demand. “A 2% allocation would represent $160 billion, ~3x the size of IBIT. MSBT: Monster Bitcoin,” Le said. The estimate highlights how even modest portfolio shifts could materially expand the scale of spot bitcoin ETF markets.

Fee positioning across issuers shows a tight clustering below 0.30%, with Morgan Stanley’s proposed 0.14% undercutting rivals, including Grayscale’s Bitcoin Mini Trust at 0.15%, Franklin Templeton’s EZBC at 0.19%, and offerings from Bitwise and Vaneck at 0.20%. Ark 21Shares maintains a 0.21% fee, while Blackrock’s IBIT, Fidelity’s FBTC, and Invesco Galaxy’s BTCO each sit at 0.25%, underscoring the significance of further compression at the lower end of the range.

Scale remains a defining factor in the proposal’s broader implications. The Bloomberg analyst noted:

“The reason this particular launch is so interesting is that this will be the first bank to put out spot BTC ETF and this bank happens to have 16K advisors managing $6T in assets. They are the ultimate gatekeepers of rich boomer money.”

He pointed to adviser influence as a key driver that could shape flows and competitive responses across the bitcoin ETF market.

FAQ 🧭

Why does Morgan Stanley’s ETF fee matter for investors?

Lower fees can improve returns and influence adviser allocations at scale.
How could this impact competing bitcoin ETFs?

It may pressure rivals like Blackrock and Grayscale to reduce fees.
What makes Morgan Stanley’s distribution unique?

Its adviser network controls trillions in assets that could drive inflows.
Is the ETF backed by actual bitcoin?

Yes, it is structured as a fully backed spot bitcoin vehicle.

Bitcoin

‘Bitcoin’s Very Powerful’: Trump Pushes US Toward Undisputed Crypto Capital and Bitcoin Superpower

President Trump intensifies the U.S. push to dominate bitcoin and crypto markets, declaring Bitcoin “very powerful” as policy shifts, regulatory clarity, and rising adoption accelerate digital assets’ role in national economic strategy.

Trump Signals Aggressive Push Toward Crypto Leadership

A stronger federal push toward digital assets emerged as U.S. President Donald Trump addressed the Future Investment Initiative Summit in Miami on March 27. The remarks emphasized positioning the United States at the center of bitcoin adoption and crypto market expansion.

“My administration has also worked tirelessly to ensure that America remains at the bleeding edge of crypto revolution. We’re really doing great. And if we’re not going to do it, then China is going to take it over. They want to do it,” Trump said. Setting the tone for market ambition, he declared:

“We’re going to be the undisputed crypto capital and Bitcoin superpower of the world. Bitcoin’s very powerful. It’s all becoming powerful.”

“So many people, now, they want to pay you in crypto. They want to pay you in bitcoin, and we have to be at the top of it in all of these—call it an industry,” Trump stressed.

Linking that outlook to policy groundwork, he pointed to stablecoin legislation, stating: “Last year I signed the landmark Genius Act into law, creating a clear and simple framework for dollar-backed stablecoins.” Emphasizing the significance, he added that “this was a historic achievement,” and stressed he will “not allow Democrats and their big bank donors” to deter progress. Addressing political dynamics, he noted, “Although they’ve had a lot of support for crypto … the Democrats have been very strong on crypto. They want to see it too, which is shocking if you want to know the truth.”

Regulatory Clarity and Growth Agenda Drive Momentum

Regulatory developments tied to the address included joint interpretations issued March 17, 2026, by the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which categorized many digital assets, including bitcoin, ether, and XRP, as digital commodities. The move redirected oversight away from enforcement-led actions and aligned with the GENIUS Act’s framework for dollar-backed stablecoins, establishing clearer conditions for issuance and compliance.

Outlining a broader regulatory philosophy, he said:

“But we don’t want any pointless regulations or needless restrictions. We want to have free enterprise, open. America became the world financial capital because we were the strongest and the freest nation on earth. And the Trump administration’s going to keep it that way. We’re very open.”

Beyond digital assets, the address also highlighted artificial intelligence and advanced manufacturing as parallel priorities within a wider economic agenda. The administration tied these sectors to a target of attracting more than $2.7 trillion in technology investment, positioning innovation-led growth alongside expanding financial market infrastructure.

He concluded by emphasizing accessibility in governance. “And I tell people, if you have problems, call me. Call me. And some of them are amazed. I actually take their call and get their problem solved,” Trump claimed.

FAQ 🧭

What did Trump say about bitcoin’s importance?

He described Bitcoin as very powerful and central to future financial systems.
How is the U.S. positioning itself in crypto markets?

The administration is aiming to make the U.S. the global hub for crypto adoption and innovation.
What role does regulation play in this strategy?

Clearer rules are intended to support growth while reducing uncertainty for investors and companies.
Why is crypto tied to broader U.S. economic policy?

It is being integrated into a wider push for technological leadership and investment expansion.

Bitcoin

KuCoin launches KCS PulseDrop to turn trading and payments into rewards

KuCoin launches KCS PulseDrop to expand the utility of its native token. Users earn points from trading, staking, and payments on the platform. Initiative aims to embed KCS deeper into KuCoin’s ecosystem utility. Global crypto exchange KuCoin has launched a new rewards initiative called KCS PulseDrop, marking a strategic step toward expanding the utility of…

KuCoin launches KCS PulseDrop, turning trading, staking, and payments into rewards to expand the utility of its native token.

KuCoin launches KCS PulseDrop to expand the utility of its native token.
Users earn points from trading, staking, and payments on the platform.
Initiative aims to embed KCS deeper into KuCoin’s ecosystem utility.

Global crypto exchange KuCoin has launched a new rewards initiative called KCS PulseDrop, marking a strategic step toward expanding the utility of its native token, KuCoin Token (KCS).

The program connects everyday user activity, from trading to payments with a transparent points and rewards system, effectively turning KCS into a more active, multi-dimensional part of the KuCoin ecosystem.

The exchange said PulseDrop is designed to shift KCS “from a passive holding asset” into an engagement-based tool that bridges trading, staking, and real-world cryptocurrency use.

Participating users earn points through actions like futures or spot trading, staking KCS, or making payments with KuCard, P2P, or KuCoin Pay.

Points accumulate over time and determine each user’s share of reward distributions.

In essence, PulseDrop transforms interaction into measurable participation.

KuCoin described the framework as a “participation economy,” one that rewards sustained activity rather than short-term speculation, an idea gaining traction among digital asset platforms seeking to retain users and build long-term loyalty.

By aligning engagement with tangible outcomes, the company hopes to position KCS as a functional utility token underpinning a wider user ecosystem, rather than merely a token conferring fee discounts or passive yield.

Expanding KCS beyond exchange use

The PulseDrop system introduces tiered point mechanics and multipliers that let users accelerate accrual through specific behaviors, such as trading particular project tokens or KCS itself.

Transactions made through fiat and payments channels also contribute to a “Payment Task” score, rewarding real-world crypto usage, a move that ties KuCoin’s growing payments infrastructure more tightly to its core token.

The exchange said the design is meant to balance simplicity and transparency while giving users early exposure to promising projects listed on its platform.

KuCoin positions PulseDrop as both a community engagement tool and a means of democratizing access to project rewards by basing allocations on participation rather than holding size alone.

Analysts view the initiative as part of a wider industry shift, where exchanges seek to extend the relevance of their native tokens beyond transactional perks.

As competition among global exchanges intensifies, platforms like KuCoin, Binance, and OKX are experimenting with loyalty or activity frameworks that embed token value deeper into users’ daily interactions.

KuCoin, which serves over 40 million users across 200 countries, has been steadily expanding its regulated footprint under CEO BC Wong, with recent licensing milestones in Austria (under MiCA) and Australia.

The exchange, recognized by Forbes and Hurun for its innovation and security standards, maintains SOC 2 Type II and ISO 27001: 2022 certifications.

By knitting together engagement, rewards, and payments, KCS PulseDrop reflects KuCoin’s broader ambition to create an integrated and participatory digital-asset ecosystem, where token holders play an active, sustained role in shaping its growth trajectory.

The PulseDrop platform is now live on KuCoin’s official website: www.kucoin.com/pulsedrop.