Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction

Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Dips To Support Bitcoin price started a fresh decline and traded below the $105,650 support zone. BTC even traded below the $105,200 level and tested the $104,200 zone. A low was formed at $104,279 and the price is now consolidating losses. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. Bitcoin is now trading below $106,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. The first key resistance is near the $106,220 level. The next key resistance could be $106,800. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $107,500 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,500 level and the trend line. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $105,500 and $106,800.

Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction

Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Dips To Support Bitcoin price started a fresh decline and traded below the $105,650 support zone. BTC even traded below the $105,200 level and tested the $104,200 zone. A low was formed at $104,279 and the price is now consolidating losses. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. Bitcoin is now trading below $106,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. The first key resistance is near the $106,220 level. The next key resistance could be $106,800. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $107,500 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,500 level and the trend line. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $105,500 and $106,800.

Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details

Despite recent volatility, several key indicators are pointing to a bullish undercurrent for Bitcoin (BTC). These include Binance’s rising market dominance, renewed accumulation by long-term holders (LTH), and significant BTC withdrawals from major crypto exchanges. Bitcoin Showing Signs Of Renewed Strength At the time of writing, Bitcoin is trading in the mid-$100,000 range – approximately 6.1% below its latest all-time high (ATH) recorded on May 22. The flagship cryptocurrency has declined more than 3.5% over the past seven days amid renewed concerns over global trade tensions and tariffs. Related Reading: Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming? However, according to a recent CryptoQuant Quicktake post by contributor Amr Taha, several bullish signals have emerged since the start of June. Most notably, the LTH Net Position Realized Cap recently crossed the $20 billion threshold, reflecting increased confidence among seasoned investors. For context, LTHs are entities that have held BTC for over 155 days. Often referred to as “smart money,” these investors typically follow long-term strategies and are less likely to sell during short-term market corrections. The Realized Cap metric tracks the total value of BTC held by LTHs, based on the price at which coins were last moved. A rising value in this metric implies accumulation by long-term investors – behavior that historically precedes bullish continuation phases. Meanwhile, major exchanges such as Kraken and Bitfinex have witnessed substantial BTC outflows. Over two consecutive days, more than 20,000 BTC exited these platforms – marking one of the largest short-term withdrawal spikes in recent months. Such major Bitcoin withdrawals from exchanges are considered bullish because they signal that investors intend to hold their BTC in private wallets rather than sell it, reducing the available supply for trading. This supply contraction can create upward pressure on price, especially when demand remains steady or increases. At the same time, Binance has strengthened its lead in spot market dominance. Since early June, its share of BTC spot trading volume has increased from 26% to 35%, signalling growing market activity. This uptick aligns with BTC testing key resistance levels. Taha remarked: The convergence of rising exchange dominance, long-term holder confidence, and supply tightening paints a bullish picture for Bitcoin. While short-term corrections are possible, the underlying demand and reduction in available BTC on exchanges suggest that the uptrend is far from over. BTC Benefitting From Neutral Funding Rates, Low Selling Pressure Recent on-chain data shows that the BTC derivatives market has undergone a complete reset, with its funding rates now hovering around zero, not showing any directional bias. Similarly, selling pressure on BTC has remained subdued, evident from low Binance inflows. Related Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows That said, some caution is warranted. Fresh on-chain data suggests that cracks may be forming in the sustainability of the current bullish momentum. At press time, BTC trades at $105,022, down 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details

Despite recent volatility, several key indicators are pointing to a bullish undercurrent for Bitcoin (BTC). These include Binance’s rising market dominance, renewed accumulation by long-term holders (LTH), and significant BTC withdrawals from major crypto exchanges. Bitcoin Showing Signs Of Renewed Strength At the time of writing, Bitcoin is trading in the mid-$100,000 range – approximately 6.1% below its latest all-time high (ATH) recorded on May 22. The flagship cryptocurrency has declined more than 3.5% over the past seven days amid renewed concerns over global trade tensions and tariffs. Related Reading: Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming? However, according to a recent CryptoQuant Quicktake post by contributor Amr Taha, several bullish signals have emerged since the start of June. Most notably, the LTH Net Position Realized Cap recently crossed the $20 billion threshold, reflecting increased confidence among seasoned investors. For context, LTHs are entities that have held BTC for over 155 days. Often referred to as “smart money,” these investors typically follow long-term strategies and are less likely to sell during short-term market corrections. The Realized Cap metric tracks the total value of BTC held by LTHs, based on the price at which coins were last moved. A rising value in this metric implies accumulation by long-term investors – behavior that historically precedes bullish continuation phases. Meanwhile, major exchanges such as Kraken and Bitfinex have witnessed substantial BTC outflows. Over two consecutive days, more than 20,000 BTC exited these platforms – marking one of the largest short-term withdrawal spikes in recent months. Such major Bitcoin withdrawals from exchanges are considered bullish because they signal that investors intend to hold their BTC in private wallets rather than sell it, reducing the available supply for trading. This supply contraction can create upward pressure on price, especially when demand remains steady or increases. At the same time, Binance has strengthened its lead in spot market dominance. Since early June, its share of BTC spot trading volume has increased from 26% to 35%, signalling growing market activity. This uptick aligns with BTC testing key resistance levels. Taha remarked: The convergence of rising exchange dominance, long-term holder confidence, and supply tightening paints a bullish picture for Bitcoin. While short-term corrections are possible, the underlying demand and reduction in available BTC on exchanges suggest that the uptrend is far from over. BTC Benefitting From Neutral Funding Rates, Low Selling Pressure Recent on-chain data shows that the BTC derivatives market has undergone a complete reset, with its funding rates now hovering around zero, not showing any directional bias. Similarly, selling pressure on BTC has remained subdued, evident from low Binance inflows. Related Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows That said, some caution is warranted. Fresh on-chain data suggests that cracks may be forming in the sustainability of the current bullish momentum. At press time, BTC trades at $105,022, down 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Visibility of mutually exclusive transactions

I have a system with two parties, P1 and P2. At some point, P2 gains the ability to use transaction T2 and, later, P1 gains the ability to use transaction T1. In my system, when P2 can use T2, they are supposed to and T1 only exists as an escape if P2 vanishes. But it…
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Still holding XMR in Europe- but it’s getting nearly impossible to buy

I’ve been holding Monero (XMR) for a while now- currently it makes up about 10% of my crypto portfolio. I live in Europe and over the past year it’s become nearly impossible to buy XMR directly with EUR. Most exchanges have delisted it or disabled EUR/XMR pairs. Even when using a VPN or international account,…
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JPMorgan CEO Warns US Dollar Could Lose Reserve Status Without Reform

JPMorgan CEO delivers a dire wake-up call as he warns that internal chaos could dethrone the U.S. dollar and shatter American global supremacy. JPMorgan CEO Jamie Dimon Questions Future of US Dollar as Reserve Currency Amid Domestic Decline JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon issued a stern warning at the Reagan National Economic Forum […]

Anyone letting Trumps off the hook from their scamcoin is doing a disservice to crypto community and the principles we pretend to uphold

Ok I get it when people want to avoid politics. In a way I would also love crypto to be a non bipartisan issue. However, can you believe getting into crypto for decentralization, tech, or any of the benefits or freedoms it is supposed to provide to regular people like ourselves and then supporting anything…
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Account Abstraction: ready for the masses or still just for geeks?

ERC-4337 is live. Smart accounts now let you avoid seed phrases, support social recovery, automate gas payments, and define custom rules for transactions. it sounds like a UX breakthrough but most users still rely on EOAs and dapp support remains limited. What do you think will this become the standard in 2025 or are we…
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