BRICS is gaining global traction, with plans for major 2025 meetings under Brazil’s leadership and a vision to rival G20 prominence while championing collaboration. BRICS Rising: Is It Set to Eclipse the G20 in 2025? Brazilian Foreign Minister Mauro Vieira has highlighted the growing influence of BRICS, stating that the group is approaching the stature […]
Ripple’s chief legal officer has urged Congress to focus on innovation-friendly crypto regulation, rejecting punitive measures and abstract policies amid growing criticism of the SEC’s approach. New Congress, New Rules? Ripple’s Vision for Crypto Regulation Unveiled Ripple’s chief legal officer, Stuart Alderoty, has called for a pragmatic approach to cryptocurrency regulation in the upcoming Congress. […]
Bitcoin has faced its first major correction since early November, dropping 13% from its all-time high of $108,364. This sudden pullback has sent shockwaves across the crypto market, shifting sentiment from extreme bullishness to uncertainty and even fear. The sell-off has been particularly brutal for altcoins, many of which are bleeding hard as Bitcoin struggles to regain momentum. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details Key metrics from CryptoQuant highlight the gravity of the situation, with realized losses totaling $28.9 million—an alarming 3.2 times higher than the weekly average. This spike in realized losses suggests that some investors exit positions as the market recalibrates after weeks of aggressive upward movement. The big question now is whether this is simply a healthy correction in an otherwise bullish trend or the start of a larger downtrend. Traders are closely watching Bitcoin’s ability to hold critical support levels and the behavior of altcoins, which often amplify Bitcoin’s price movements. For now, the market remains at a crossroads, with the coming days likely to reveal whether Bitcoin can recover and resume its uptrend—or if this correction signals a more prolonged period of weakness. Bitcoin Facing Selling Pressure Bitcoin is under significant selling pressure after two days of aggressive bearish activity, marking a pivotal moment for the market. The sudden sentiment shift has caused many analysts and investors to turn cautious, with some flipping bearish as Bitcoin’s recent trend begins to lose momentum. This correction has left the market questioning whether the current price movement is a natural pause or a precursor to deeper losses. Top analyst Axel Adler recently shared insights on X, supported by compelling on-chain data, highlighting that realized losses have surged to $28.9 million. This figure is 3.2 times higher than the weekly average, indicating heightened selling activity. Adler’s analysis underscores that while the sell-off might seem alarming, it’s consistent with a healthy market correction, especially following Bitcoin’s remarkable rally to $108,300. Adler notes that the current dip should not trigger panic but instead serve as a moment of patience for long-term holders. He emphasized that now is a time to HODL unless additional bearish signals emerge to suggest a more prolonged downtrend. Corrections like this often provide the market with the necessary fuel for the next leg up, as weaker hands exit and strong hands position themselves strategically. Related Reading: Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout? Price action remains critical, with investors watching closely to determine whether this correction solidifies a strong foundation for future growth or signals further downside. BTC Holding Bullish Structure (For Now) Bitcoin is trading at $94,400 following three consecutive days of aggressive selling pressure. Despite the apparent bearish sentiment gripping the market, BTC has managed to maintain its footing above the key support level of $92,000. This support is crucial as it clearly defines the ongoing uptrend. Holding above this level suggests resilience and sets the stage for a potential strong bounce if buyers regain control in the coming sessions. While the recent price action reflects uncertainty, the decline has not been as severe as the market sentiment indicates. Negative emotions have driven many traders to adopt a cautious stance, but BTC’s ability to stay above $92,000 shows underlying strength in the market structure. Related Reading: ONDO Exchange Inflows Grow – Volatility Ahead? However, sentiment remains a critical market driver. Restoring confidence will be essential for Bitcoin to reclaim higher levels and resume its bullish momentum. If sentiment does not improve and prices continue to drop, the risk of a deeper correction becomes more likely. Losing the $92,000 support could pave the way for a retest of lower levels, potentially causing additional volatility. Featured image from Dall-E, chart from TradingView
Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
Key Takeaways: Binance’ve listed four new perpetual futures contracts all at once: AIXBT, FARTCOIN, KMNO, and CGPT. AI tokens, meme coins, and DeFi are hot areas, and Binance is giving users more trading options in these spaces. Why It Matters? Binance is making big moves to grow its offerings. Listing four futures coins at once…
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Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement shared with Bitcoin.com […]
I can see on etherscan that it looks like there are fake tokens in my Coinspot account, but when I go to my Coinspot account, I do not see any? submitted by /u/Street_Staff_5850 [link] [comments]
Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Bitcoin Price Mirrors December 2023’s Performance On Wednesday, Bitcoin and the rest of the crypto market saw a massive correction after the US Federal Reserve (Fed) announced a 25-basis-point rate cut and signaled fewer cuts than expected in 2025. The flagship cryptocurrency dropped 9.2% from its $108,135 all-time high (ATH), briefly falling below the $99,000 on support before recovering. BTC quickly climbed back to $100,000, surging 2% on Thursday morning to the $102,000 resistance. After the dump, crypto trader Follis suggested that this month’s price action mirrored BTC’s 2023 trajectory. The trader stated that Bitcoin was “repeating the December playbook from last year,” forecasting that a pump to a new high is coming soon. Per the chart, BTC moved within the $40,000-$45,000 price range before breaking out in January 2024. The breakout was followed by a significant 20% correction to the previous consolidation zone, briefly dipping below this range. However, Bitcoin reclaimed the breakout levels in the following weeks and surged another 47% to its March ATH of $73,000. If the largest crypto by market cap continues to follow this “playbook,” then its price could see a correction below $88,000 by year-end before resuming its bullish run to new highs. Similarly, Daan Crypto Trades pointed out that BTC’s performance in Q4 resembles its Q4 2023 price action. The analyst stated that Bitcoin will likely continue the “slow hoppy grind up before the actual breakout” happens. He recommended “zooming out” as the short-term chart “doesn’t look pretty” but noted that BTC’s price is still “trending up slowly.” Analyst Warns Of BTC’s Daily Close Other analysts suggested that the coming hours will be decisive for BTC’s short-term performance. Rekt Capital asserted that holding the $100,000 support was crucial, as failing to maintain this level could send Bitcoin below the previous key resistance of $98,000. Moreover, a daily close above the $101,000 mark would be necessary to prevent this range from turning into resistance again. The analyst emphasized that “doing so could kickstart a chain of events where BTC starts to lose support level by level.” Related Reading: Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming He added that a close above this level would invalidate the short-term bearish outlook. Previously, the analyst explained that Bitcoin is amid the first “Price Discovery Correction,” which tends to happen between the 6thand 8th week of BTC’s post-halving “Parabolic Upside Phase”: As a result, over the next 3 weeks or so, I am going to be increasingly cautious about retest attempts, and given BTC’s history at this point in the cycle, I wouldn’t be surprised to see key levels get invalidated. However, he emphasized that the “Second Price Discovery Uptrend” will follow the big correction. As of this writing, Bitcoin has dipped below the $100,000 support level, registering a 5.1% 24-hour drop to the $98,900 mark. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin (BTC) recently hit an all-time high of $108,364, only to tumble to $92,118 within three days. This dramatic price drop coincides with growing political unease in the U.S., as the federal government faces a potential shutdown. Despite the downturn, some anticipate the emergence of a “God candle” that could mark bitcoin’s most impressive rebound […]
You want to know why ETH isnt mainstream or taken seriously? Its because crypto bros gamble their money away on ETH hoping it goes to the moon like bitcoin yet dont understand its supposed to be a currency alternative. If the US dollar inflated randomly to the moon, shit would not be good for the…
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