Category: Cryptocurrency News

submitted by /u/CriticalCobraz [link] [comments]

submitted by /u/CriticalCobraz [link] [comments]

Bitcoin is poised for unprecedented mainstream growth, with experts predicting institutional adoption, regulatory clarity, and investment inflows could drive its value to historic highs. Bitcoin’s 2025 Breakout: Expert Sees Unstoppable Mainstream Growth Optimism about bitcoin’s future is increasing, with analysts and industry leaders anticipating significant progress in its adoption. As BTC cements its position as […]

Speaking on TV “I acted in good faith and took a hit,” “Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most. The vast majority of investors are Chinese and American.” “I shared this the same way I’ve shared hundreds of things. My tweet came just three minutes after…
Read more

Four have been arrested for allegedly stealing $50,000 worth of trading cards, along with firearms, car keys and six crypto ATMs.

Weeks after hitting an all-time high above $109,000, Bitcoin’s price remains under pressure. It is currently trading below the $100,000 mark, an 11.4% decrease from its peak. The crypto asset’s recent trajectory has raised questions about its next move as it trades within a relatively tight range. According to CryptoQuant analyst Percival, Bitcoin is exhibiting a pattern that hints at upcoming significant market movements. Related Reading: Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon? Potential Support Levels and Short-Term Indicators In a post titled “Bitcoin ready for either side,” Percival highlights the asset’s current “loading phase.” He explains that Bitcoin’s price dynamics have historically shown abrupt rises followed by prolonged periods of consolidation. The Choppiness Index—a measure used to determine whether the market is trending or consolidating—currently indicates instability, with daily and weekly readings at 62 and 72, respectively. Percival notes that this is a sign of impending volatility. Over the past 90 days, Bitcoin’s range has fluctuated within a band of roughly 16%, suggesting mounting pressure for a breakout. Percival outlines key price levels that could act as support if Bitcoin’s price declines further. The Short Term Holders Cost Base, located at $92,000, is the first significant support level. If that fails, the next support zone lies between $80,000 and $89,000, aligning with the 200-day exponential moving average (EMA). These levels could provide critical price floors as traders assess whether the current downtrend is nearing an end. The analyst also examines the short-term Spent Output Profit Ratio (SOPR), a metric that helps gauge whether coins moving on-chain are being sold at a profit or loss. Currently sitting just below 1, the SOPR suggests the market is near equilibrium. Percival compares the current scenario to August 2023, when a similar setup preceded significant price movements. At that time, low volatility cleared out traders with positions in the wrong direction before a major rally ensued. Today’s conditions—marked by a test zone near 0.99—suggest that sudden price swings could trigger liquidations and short-term panic. Bitcoin Market Sentiment and Next Steps Overall, Percival points out that Bitcoin’s market structure often involves false moves before establishing a clear trend. Breakout traders positioned near the current levels could find their positions shaken out before a sustained directional move materializes. This pattern highlights the importance of caution, particularly for traders attempting to time the market’s next breakout. Meanwhile, Bitcoin is currently trading at $96,265 after seeing a 1% decrease in the past day. According to a renowned crypto analyst, Ali on X, the asset is likely to see a notable rebound in the near term based on its TD sequential indicator flashing a buy signal. After accurately timing the recent local top, the TD Sequential indicator is now flashing a buy signal on the #Bitcoin $BTC 4-hour chart, suggesting a potential price rebound! pic.twitter.com/3IzinRirxo — Ali (@ali_charts) February 17, 2025 Featured image created with DALL-E, Chart from TradingView

Hackers compromised the X account of the Saudi Law Conference to promote a fake memecoin called KSA. KSA Memecoin Fails to Gain Traction On Feb. 17, hackers impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman launched a fake memecoin called KSA. The launch was announced on the X account of the Saudi Law Conference, which […]

Swapped my remaining sol today, I can’t stand by that community submitted by /u/Youngrezi [link] [comments]

might be a dumb question but I’m filling out my tax return and TurboTax asking me if I “Owned or controlled a foreign bank account, trust, or financial asset in 2024?” Since ETH originated in Switzerland and I’m in the US, does that mean it’s a foreign financial asset? submitted by /u/cuautlej [link]…
Read more