Category: Cryptocurrency News

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.Bitcoin (BTC) price fell over 3% during the past week to trade above $83,748 as of 9:33 am UTC, Cointelegraph Markets Pro data shows.Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.BTC/USD, 1-year chart. Source: CointelegraphClosing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”The analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch toolThe outcome of the meeting may significantly impact Bitcoin investor sentiment, said Lee, adding:“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets.”“Even a dovish surprise, like a rate cut, might not be the immediate boost some are hoping for, as investors are still weighing macro uncertainties,” added the analyst.Related: US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserveBitcoin close above $85,000 may reignite investor optimism for more upside: analystOther analysts are seeing a silver lining in Bitcoin’s stagnant price action.A weekly close above $85,000 may inspire more investor confidence and lead to the next breakout, according to Enmanuel Cardozo, market analyst at Brickken real-world asset tokenization platform.The market analyst told Cointelegraph:“Traders and investors alike are keeping a close eye on the $80,000 support and the $85,000–$90,000 resistance, with a break above the latter potentially sparking a strong upward movement.”While Bitcoin’s short-term momentum may be limited by the upcoming economic releases, the regulatory developments around Trump’s Bitcoin reserve plan may gradually bring more market optimism and mass adoption, added the analyst.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionTrump’s Bitcoin reserve came one step closer to fruition on March 14, after US Representative Byron Donalds introduced a bill that seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.If the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.The bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority — and amid a generally more crypto-friendly environment — the bill has a chance of passing.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.Bitcoin (BTC) price fell over 3% during the past week to trade above $83,748 as of 9:33 am UTC, Cointelegraph Markets Pro data shows.Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.BTC/USD, 1-year chart. Source: CointelegraphClosing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”The analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch toolThe outcome of the meeting may significantly impact Bitcoin investor sentiment, said Lee, adding:“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets.”“Even a dovish surprise, like a rate cut, might not be the immediate boost some are hoping for, as investors are still weighing macro uncertainties,” added the analyst.Related: US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserveBitcoin close above $85,000 may reignite investor optimism for more upside: analystOther analysts are seeing a silver lining in Bitcoin’s stagnant price action.A weekly close above $85,000 may inspire more investor confidence and lead to the next breakout, according to Enmanuel Cardozo, market analyst at Brickken real-world asset tokenization platform.The market analyst told Cointelegraph:“Traders and investors alike are keeping a close eye on the $80,000 support and the $85,000–$90,000 resistance, with a break above the latter potentially sparking a strong upward movement.”While Bitcoin’s short-term momentum may be limited by the upcoming economic releases, the regulatory developments around Trump’s Bitcoin reserve plan may gradually bring more market optimism and mass adoption, added the analyst.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionTrump’s Bitcoin reserve came one step closer to fruition on March 14, after US Representative Byron Donalds introduced a bill that seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.If the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.The bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority — and amid a generally more crypto-friendly environment — the bill has a chance of passing.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.Bitcoin (BTC) price fell over 3% during the past week to trade above $83,748 as of 9:33 am UTC, Cointelegraph Markets Pro data shows.Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.BTC/USD, 1-year chart. Source: CointelegraphClosing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”The analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch toolThe outcome of the meeting may significantly impact Bitcoin investor sentiment, said Lee, adding:“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets.”“Even a dovish surprise, like a rate cut, might not be the immediate boost some are hoping for, as investors are still weighing macro uncertainties,” added the analyst.Related: US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserveBitcoin close above $85,000 may reignite investor optimism for more upside: analystOther analysts are seeing a silver lining in Bitcoin’s stagnant price action.A weekly close above $85,000 may inspire more investor confidence and lead to the next breakout, according to Enmanuel Cardozo, market analyst at Brickken real-world asset tokenization platform.The market analyst told Cointelegraph:“Traders and investors alike are keeping a close eye on the $80,000 support and the $85,000–$90,000 resistance, with a break above the latter potentially sparking a strong upward movement.”While Bitcoin’s short-term momentum may be limited by the upcoming economic releases, the regulatory developments around Trump’s Bitcoin reserve plan may gradually bring more market optimism and mass adoption, added the analyst.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionTrump’s Bitcoin reserve came one step closer to fruition on March 14, after US Representative Byron Donalds introduced a bill that seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.If the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.The bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority — and amid a generally more crypto-friendly environment — the bill has a chance of passing.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.Bitcoin (BTC) price fell over 3% during the past week, to trade above $83,748 as of 9:33 a.m. in UTC, Cointelegraph Markets Pro data shows.Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.BTC/USD, 1-year chart. Source: CointelegraphClosing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”The analyst’s comments come days ahead of the next FOMC meeting scheduled for March 19. Markets are currently pricing in a 98% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Source: CME Group’s FedWatch toolThe outcome of the meeting may significantly impact Bitcoin investor sentiment, said Lee, adding:“The market largely expects the Fed to hold rates steady, but any unexpected hawkish signals could put pressure on Bitcoin and other risk assets.”“Even a dovish surprise, like a rate cut, might not be the immediate boost some are hoping for, as investors are still weighing macro uncertainties,” added the analyst.Related: US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserveBitcoin close above $85k may reignite investor optimism for more upside: analystOther analysts are seeing a silver lining in Bitcoin’s stagnant price action.A weekly close above $85,000 may inspire more investor confidence and lead to the next breakout, according to Enmanuel Cardozo, market analyst at Brickken real-world asset tokenization platform.The market analyst told Cointelegraph:“Traders and investors alike are keeping a close eye on the $80,000 support and the $85,000–$90,000 resistance, with a break above the latter potentially sparking a strong upward movement.”While Bitcoin’s short-term momentum may be limited by the upcoming economic releases, the regulatory developments around Trump’s Bitcoin reserve plan may gradually bring more market optimism and mass adoption, added the analyst.Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspensionTrump’s Bitcoin reserve came one step closer to fruition on March 14, after US Representative Byron Donalds introduced a bill that seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.If the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.The bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority — and amid a generally more crypto-friendly environment — the bill has a chance of passing.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

Bitcoin’s price trajectory has become a significant point of interest in light of the recent downtrend, which has disappointed many bullish traders. According to on-chain analytics platform IntoTheBlock, the recent price crash up to the current price has seen over 6.5 million BTC addresses falling into losses. Still, technical analysis suggests Bitcoin could experience further drops.  The question is whether Bitcoin will test the $70,000 mark before regaining strength or can rebound from here toward a $300,000 price target. Insights from price structure and historical patterns help provide a clearer picture of what’s next. Bitcoin Price Decline: A Normal Cycle Within Uptrends Despite concerns over Bitcoin’s recent price swings, crypto analyst Philip (BasicTradingTV) maintains that the market is behaving normally within a long-term bullish structure. He highlights that on the higher monthly timeframe, Bitcoin continues to create higher highs and higher lows and maintains a solid uptrend that dates back to 2017.  Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? This technical outlook, which was noted on the TradingView platform, comes as a response to concerns about whether BTC is still bullish after the ongoing 25% correction from its recent all-time high.  Traders have been unsettled following the recent drop, but historical trends suggest this kind of movement is part of the market’s natural cycle. According to the analyst, Bitcoin is still forming a bullish market structure, and while short-term fluctuations may continue, the broader uptrend channel from 2017 is still in place. Furthermore, the analyst noted previous instances of 25% and 40% corrections during Bitcoin’s rallies from the lower trendline of this uptrend channel. What’s Next For BTC? Possible Retest Of Resistance Before Rally To $300,000 With the notion of a long-term uptrend still intact, the analyst noted, however, that Bitcoin could continue its downtrend until it reaches $70,000. This level holds significant importance, as it previously marked Bitcoin’s all-time high before turning into resistance around mid-2024. After multiple attempts, Bitcoin eventually broke through this resistance toward the end of the year, leading to its new all-time high of $108,786 in January 2025. Related Reading: Bitcoin Price Action Says Bottom Is In, Analyst Reveals What’s Coming As such, this $70,000 level is now a major psychological support zone, making it a key area to watch amidst the ongoing Bitcoin price correction. From here, the analyst predicted a rebound that would send BTC to reach as high as $300,000. “Levels to watch: 70.000, $300.000,” the analyst said. At the time of writing, Bitcoin is trading at $82,555, having spent the majority of the past 24 hours trading between $79,947 and $83,436. This leaves Bitcoin still about 14% away from testing the $70,000 support level. However, there is also the possibility that BTC may not drop as low as $70,000 before bullish sentiment takes over once again. If Bitcoin continues to follow the trajectory of past cycles, Fibonacci extensions point to price targets between $150,000 and $300,000. Featured image from Unsplash, chart from Tradingview.com

Key Takeaways: Europe’s first leveraged Bitcoin and Ethereum ETNs were launched by HANetf, providing leveraged exposure to the number one and two cryptos. The ETNs are traded on leading European stock exchanges, enabling institutional investors to participate while adhering to regulatory environments. Just as with traditional crypto ETPs, leveraged crypto ETNs present both potential opportunities…
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Key Takeaways: $LIBRA was promoted by president Javier Milei, resulting in a spike but later crashing. Investors lost around $250 million, amid allegations of a “rug pull” scam. They are accused of manipulating the market, and opposition parties are calling for an investigation and potential impeachment. Debates of financial regulation surface as Argentina grapples with…
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Dogecoin (DOGE) is potentially forming cup and handle formation on the weekly chart. Crypto analyst David (@david_dogecoin) suggests that, if confirmed, Dogecoin could be targeting an ambitious price target of $4. Dogecoin Cup And Handle Pattern The first stage of this pattern, the cup, began taking shape when Dogecoin initially declined from its May 2021 all time high at $0.74. This downward movement led to an extended consolidation period, where the asset gradually formed a rounded bottom in the $0.05–$0.06 range. The curvature of the price action suggests a slow but steady shift in market sentiment, where selling pressure was gradually absorbed by buyers accumulating DOGE at lower levels. As time progressed, Dogecoin started to recover from this bottom, pushing back towards its December 2024 high at $0.48. The gradual and steady rise back to this high signals that bullish momentum has been building, with increasing interest from market participants. Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge After reaching the $0.48 resistance level, Dogecoin faced a rejection, leading to a moderate pullback. This decline formed the handle, a smaller downward retracement that typically precedes the final breakout. The handle in this setup is forming around the $0.14–$0.17 price zone, where the market is currently consolidating. The handle serves as the last phase where weaker hands exit, and stronger buying interest gathers momentum before a decisive move higher. If Dogecoin successfully breaks out of the cup and handle pattern, the projected price target can be estimated using the measured move technique. This involves calculating the depth of the cup and adding that value to the breakout point. Based on this method, the expected target is around $4, according to the chart shared by analyst Kevin. Critique: Why This Is Not A Classic Cup And Handle A textbook cup and handle requires specific structural characteristics, including a rounded bottom and a shallow handle, forming near a prior all-time high or key resistance zone before a breakout. However, there are critical deviations in this analysis that cast doubt on its validity. Related Reading: Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate The decline from $0.74 (May 2021 ATH) to $0.05–$0.06 is too deep and prolonged to be considered a proper cup formation. Classic cup patterns typically form over weeks to months, not multiple years of extended downtrend. The recovery from $0.05–$0.06 to $0.48 is not symmetrical with the initial drop, making the “rounded bottom” aspect of the cup questionable. Instead, the price action resembles a multi-year accumulation phase rather than a continuous rounding structure. Moreover, the handle is forming too deep in the structure. A valid handle should develop near the rim (i.e., close to $0.48), but in this case, Dogecoin has retraced all the way down to $0.14–$0.17—which is a massive drop of over 65% from the supposed cup rim. A healthy handle should not drop below 50% of the cup’s depth, but here, it retraces nearly to the lower third of the structure, invalidating the classical pattern. At press time, DOGE traded at $0.17. Featured image created with DALL.E, chart from TradingView.com

Base has become Ethereum’s top layer two (L2) across several metrics and Base projects will now have access to onchain startup capital on Echo. Echo Hosts Coinbase Ventures’ New Base Ecosystem Group to Expand Crypto Development Projects building on Ethereum’s largest L2 network Base will now have access to early startup capital via the Echo […]

A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated […]