The introduction of a 25% tariff following the start of the Donald Trump administration has triggered significant fluctuations in the cryptocurrency market. Bitcoin (BTC) 
$91,967 fell below $83,000 on March 4, but briefly surged past $90,000 on March 6 when the tariffs were suspended. Despite this, Bitcoin dropped again below the $83,000 threshold over the weekend, marking an 11.8% decline over the past week. Similarly, Ethereum (ETH) 
$3,139 struggled with a weekly drop of 18.2%, hovering around the $2,000 mark. As the new week unfolds, attention shifts to developments involving Arbitrum (ARB), Flare (FLR), and Pi Network (PI).
Concerns Grow Over Arbitrum’s Token Unlocking
Though Arbitrum’s ARB token reached an all-time high of $2.42 in 2023, it has been in a declining trend for the past two years. The drop to $0.312 is attributed to a high circulating supply. With 4.41 billion coins in circulation and a total supply of 10 billion, approximately 479,068 new coins will be released daily until April 2027. This week, the unlocking of 93.2 million coins has caused the price to drop below the support level of $0.431.
Currently, ARB is trading below its 50-day moving average, with the RSI indicator signaling a downtrend. Experts suggest that after the token unlock, ARB could test the $0.25 level.
Keep an Eye on Flare and Pi Network
Flare reached its yearly peak at $0.03840 on December 3 but has since dropped nearly 60% to $0.01575. With 68% of the supply in circulation, an additional $28.16 million worth of coins will enter circulation this week. However, a “falling wedge” pattern in technical analysis indicates that FLR might rebound to the $0.0220 level (50-day MA).
Pi Network is facing turbulence due to news of 1.4 billion coins unlocking this year. The price fell to a low of $1.3960 since February. The completion of a head and shoulders formation has pushed PI closer to the $1.00 target, remaining below the $1.5337 support level. Experts warn that while potential listings on exchanges like Binance and Coinbase could support the price, selling pressure is likely to persist in the short term.
