Tether has partnered with Reelly Tech to integrate USDT transactions into the UAE real estate market, allowing 30,000+ agents to leverage stablecoins for streamlined property transactions. USDT to Power Real Estate Transactions in UAE Tether, one of the world’s largest stablecoin issuers has announced the signing of a Memorandum of Understanding (MoU) with Reelly Tech, […]
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After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading: Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin’s breakout from the $100,000 barrier for the first time in history. The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months. On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle “into a pretty interesting one.” The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing “plenty of demand for the time being.” Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is “what’s in the way of further expansion higher.” Daan also noted that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason is still ahead. He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly. Cycle Top Coming In Q4? Analyst Sjuul from AltcryptoGems shared an analysis of the total crypto market chart. The analyst stated that he doesn’t see the “warning signs” other investors and market watchers have mentioned online. From a technical perspective, the crypto market’s rally is a “straightforward support and resistance situation” since flipping the 2021 ATH level, which the market is currently holding. Sjuul compared this cycle to the previous one, stating that it technically is the beginning of the “real bull run.” Timewise, the chart presents various similarities between the two cycles, suggesting the top is around 230 days away. He explains that the 2021 breakout from the previous cycle’s top occurred 1,120 days from the 2017 ATH. Additionally, the 2021 cycle top occurred 1,400 days after the 2017 peak. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Meanwhile, this cycle’s breakout from the 2021 ATH happened approximately 1,120 days after the top, similar to the last cycle. If history repeats itself, this cycle’s timing suggests that the crypto market top is around 7-9 months away. Ultimately, the analyst projected the market peak to occur in Q4 2025 and potentially hit a market capitalization of $4.5 trillion. Featured Image from Unsplash.com, Chart from TradingView.com
Onchain RWAs are gaining traction as Bitcoin’s price struggles, with market commentators predicting TVL could hit $50 billion in 2025 as demand grows.
The director general of the Nigerian Securities and Exchange Commission (SEC) has praised blockchain technology for its potential to improve efficiency and aid in capital market regulation. Blockchain Solutions for Africa’s Challenges Emomotimi Agama, director general of the Nigerian Securities and Exchange Commission, praised blockchain technology, saying it has the potential to improve efficiency and […]
Bitcoin price in recent days seems to have dimmed investor’s confidence in the asset for now with the community seeing less buzz as BTC sees fewer green days. Regardless of this, some analysts are still eager to analyze BTC and its major metric to at least get a perspective on if there’s hope around the corner. An instance is a CryptoQuant analyst known under the pseudonym ‘Avocado Onchain’ who recently shared an insight on BTC focusing on Binance funding rates. Funding rates, which represent the cost of holding long or short positions in the futures market, can provide insight into market sentiment. A decrease in funding rates often suggests growing pessimism, as traders who previously held bullish positions are forced to cover their positions due to mounting losses. This shift in sentiment can have cascading effects, leading to mass liquidations and further price declines. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Binance’s Funding Rates And Potential for Rebound Avocado, has recently examined the implications of Binance’s funding rates in a post titled “Monitoring Binance Funding Rates: Will Bitcoin Rebound After Extreme Fear?” According to the analysis, a notable wave of long position liquidations occurred recently, leaving the market in a state of extreme fear. Funding rates on Binance, a platform known for its large retail investor base, have shown a pattern that may hint at future price movements. Historically, negative funding rates on Binance have been relatively rare, but when they do occur, they have often preceded significant price rebounds. Avocado suggests that this dynamic is linked to the behavior of retail traders, who dominate Binance’s trading volume. When these traders display heightened fear—manifested through negative funding rates—Bitcoin has tended to defy the prevailing sentiment and recover. The analyst also pointed out that during past bull markets, Bitcoin’s price has rebounded after hitting negative funding rates triggered by large-scale liquidations. This historical pattern could indicate that, while the current market environment appears grim, further declines in funding rates might signal a reversal. Essentially, if negative funding rates reappear on Binance, it may suggest that the market has reached a point of capitulation, often a precursor to a sustained recovery. Bitcoin Market Performance Meanwhile, Bitcoin has continued to face challenges in its upward momentum. Although the asset briefly rebounded to $100,000 earlier today following a mixed US jobs report, it quickly lost ground and was unable to sustain this recovery. At the time of writing, BTC is trading at $98,226, reflecting a modest 1.8% gain in the past day. Interestingly, while Bitcoin’s price was higher at this time last week, today’s trading volume surpasses last week’s levels. Notably, so far, BTC’s daily trading volume climbed from $34 billion last Friday to over $55 billion today. Featured image created with DALL-E, Chart from TradingView
The best no KYC crypto exchanges are MEXC, Bybit, dYdX, Uniswap, Pancakeswap, Changelly, CoinEx, PrimeXBT, Pionex, and ProBit. These platforms allow traders to buy, sell, swap, and invest in crypto without identity verification. Generally, these anonymous trading platforms are significant for users who prioritize privacy and want to avoid lengthy registration processes. This article outlines…
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Welcome to the Ethereum Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want…
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What are the top 3 reasons behind the underperformance of Ethereum? submitted by /u/Ajindextrades [link] [comments]
I could literally put $100 into Bitcoin at $95,000, and a few days later it could go to $105,000 (which is actually pretty likely) and barely make $10, and there’s still FEES. I could put $1,000 in and barely make anything. I could go for the much cheaper “altcoins”, like PEPE, but that’s more volatile…
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