Category: Cryptocurrency News

The market is recovering from the end-of-year bleeding that dragged most cryptocurrencies, including Bitcoin (BTC), to monthly lows. As the flagship crypto retests key levels, some analyst shared their predictions for the 2025 bull market and BTC’s performance. Related Reading: Solana-Based Pump.Fun Records $15 Million Daily Revenue As Memecoin Mania Continues Bitcoin Correction Close To An End? Over the last three days, Bitcoin has slowly climbed back to the $96,000 level, briefly trading near the $98,000 mark on Thursday afternoon. Last week, the flagship crypto lost this key range, failing to reclaim it for six days. This zone served as a crucial bounce point since mid-November. However, the New Year recovery sent BTC’s price up nearly 5%, with Bitcoin trading above $96,000 for the past day. Some crypto analysts previously suggested that reclaiming the $97,300 support zone is crucial to reverse BTC’s short-term bearish trend. This level was retested yesterday for the first time in over a week but failed to hold. Despite this, crypto analyst Rekt Capital noted that week 9 of its post-halving “Parabolic Upside Phase” is “slowly ending,” suggesting that BTC’s correction will likely be over soon. The analyst explained Bitcoin enters a parabolic period that lasts around 300 days each cycle after every Halving event. Historically, BTC registers the first major retrace a month after entering price discovery mode. The first “Price Discovery Correction” starts between Weeks 6 and 8 of each parabolic phase and sees pullbacks by at least 25%. This cycle, Bitcoin’s retrace started on Week 7 and saw a 15% correction, which some analysts suggest is due to the trend of smaller corrections. Rekt Capital stated that “once Bitcoin clears its historically corrective weeks,” the flagship crypto will offer plenty of reasons to be bullish. Similarly, the analyst pointed out that BTC’s peak will likely come this year, followed by the “very beginnings of a brand new bear market.” However, he explained that most of the bear market will occur next year, lasting “some 365+ days and be between -65% to -80% deep.” BTC To Perform Well In Q1 Daan crypto trades highlighted that Bitcoin has been “chopping around the $100K level for 6 weeks now, we’ve built up a good amount of liquidity in this area.” He added that from the $100,000 mark and above, “there should be plenty of fuel to propel this higher.” Moreover, the trader noted that BTC is “trading right around the high volume node. Meaning, most volume was traded between these prices. Generally, price moves easier when its able to break away from such a high volume area. The 4H 200MA is guarding that breaking on the top side. The 4H 200EMA below is offering support.” Related Reading: Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming? Daan asserted that a break above the $98,000 mark could “get the party started and start the run back to the all-time highs,” while holding the $95,000 support zone key in the short term. Ultimately, he considers there will be “an interesting race between BTC and ETH this quarter,” as the market’s performance during Q1 is usually “pretty positive.” Based on this historical performance, the trader expects the leading cryptocurrencies to perform well throughout the start of the year. As of this writing, Bitcoin is trading at $97,071, a 1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Garanti BBVA Kripto will allow Garanti BBVA customers to buy and sell cryptocurrencies legally in Turkey. European Banks Expanding Services to Include Crypto Turkey’s fifth largest bank, Garanti BBVA is set to launch its crypto trading services for retail users via its crypto custody platform, Garanti BBVA Kripto. Owned by Spanish banking giant, Banco Bilbao […]

In a promising development, the Bitcoin price is inching closer to the coveted $100,000 mark as it trades above $98,000 for the first time since late December.  Crypto analyst Ali Martinez has highlighted several critical metrics that could signal further bullish momentum for the leading cryptocurrency as the market begins to recover. Bitcoin Price Surges Amid Coinbase Premium Index Low One of the significant indicators discussed by Martinez is the Coinbase Premium Index, which recently hit -0.23%, its lowest point in two years. This index measures the price difference between Bitcoin on Coinbase and other exchanges.  A negative premium suggests that US-based investors may be less willing to pay a premium for Bitcoin, but the current rebound could indicate a shift toward growing institutional interest in the asset. Related Reading: Prepare For A Solana Sell-Off: How Grayscale’s 2025 Unlocks Could Shake The Market Martinez also noted that the recent uptick in the Bitcoin price comes amid a notable withdrawal trend, with over 48,000 BTC—valued at more than $4.5 billion—pulled from exchanges in the past week. This trend indicates a bullish sentiment among investors, despite a brief price correction that occurred late last year. Despite these positive signals, Martinez cautions that Bitcoin is at a crucial juncture. He emphasized the importance of sustaining a close above the 50-day moving average (MA), currently just above $96,000.  A failure to maintain this level could lead to a potential downward correction. Conversely, a sustained close above the 50-day MA could signal the end of the recent correction and confirm a more robust bullish trend. Strong Upward Move Expected After Wave Three Breakout In addition to Martinez’s insights, the Elliot Wave Academy has provided a technical analysis of the recent Bitcoin price movements, suggesting that the cryptocurrency is currently in the fourth wave of a larger bullish cycle.  The academy’s analysis indicates that after a powerful breakout from a price channel, Bitcoin has successfully surpassed the ideal level of wave three, which may signal a strong upward move. The fourth wave, according to their analysis, is characterized by a sideways pattern following the sharp rise of wave three.  The potential correction zones for this wave have been identified, and should these levels be breached, the next upward wave could target a Bitcoin price range between $117,475.70 and $138,058.37. These figures represent major bullish targets that could attract further investment and drive Bitcoin’s price higher. Related Reading: Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025 All around, as the Bitcoin price continues its upward trajectory, the combination of significant withdrawals from exchanges, a low Coinbase Premium Index, and positive Elliott Wave analysis paints a compelling picture for the cryptocurrency’s future.  However, investors should remain vigilant, keeping an eye on critical price levels that could determine the market’s next move.  At the time of writing, the market’s leading crypto is trading at $98,320.  Featured image from DALL-E, chart from TradingView.com 

On-chain data shows the Dogecoin whales have gone on a strong accumulation spree recently, a sign that could be bullish for DOGE’s price. Dogecoin Whales Have Just Increased Holdings By Around $1.08 Billion As pointed out by analyst Ali Martinez in a new post on X, DOGE whales have been participating in buying activities recently. The on-chain indicator of relevance here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the total amount of the Dogecoin supply a given wallet group is holding right now. Addresses or investors are placed into these cohorts based on the number of coins that they are carrying in their balance. In the context of the current topic, the whale group is of interest, which comprises of the holders who own between 10 million and 1 billion DOGE. At the current exchange rate of the memecoin, the upper bound of the range converts to $3.5 million and the lower one to $350 million. Thus, the only investors who would qualify as whales would be among the largest of entities on the network. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? Large holdings naturally mean more power in the market, so the whales can occupy a key role in the asset’s price action. This makes these holders’ supply worth keeping an eye on, as any changes in it may end up reflecting in the cryptocurrency. Now, here is the chart shared by the analyst that shows the trend in the Supply Distribution for the Dogecoin whales over the past month or so: As displayed in the above graph, the Dogecoin whales took their supply to a high at the start of December, but then they reversed course toward a gradual selloff. The slow distribution suddenly turned into a sharp plunge in the indicator during the second half of the month, alongside which the memecoin’s price also suffered a notable drawdown. Given the timing, it’s probable the former was at least in part responsible for the latter. After one last selling push around Christmas, the whales finally stopped selling, but they also didn’t begin accumulation as their supply showed a sideways trajectory. Related Reading: Bitcoin Decline Continues: Is $86,800 The Level To Watch? This has changed in the last couple of days, as these humongous entities have added a notable amount to their holdings. More specifically, the whales have purchased a total of $1.08 billion worth of coins during this surge in the metric. Once again, the trend in the whale Supply Distribution appears to be translating to Dogecoin’s value, which is displaying a recovery rally. It now remains to be seen whether the whales will keep supporting this run or if they would take some quick profits, potentially killing the momentum. DOGE Price Dogecoin briefly surpassed the $0.350 level earlier in the day, but the coin has since seen a small retrace to $0.349. Featured image from Dall-E, Santiment.net, chart from TradingView.com

While many celebrate Bitcoin’s 16th anniversary it’s always a good idea to reflect on the fact that in contrast to fiat currency, bitcoin represents a fascinating attempt to anchor value in the immutable laws of cryptography, mathematics, and energy rather than the arbitrary decrees of governments. Fiat’s Illusion, Bitcoin’s Reality During its early years the […]

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If there’s one crypto asset that is expected to make it big this 2025, it has got to be Bitcoin. The premiere crypto has demonstrated remarkable success as it ushers in 2025. Registering solid numbers in the last few weeks, analysts have high hopes that it can make further breakthroughs. In fact, based on latest research, Bitcoin has surpassed conventional asset classes such as gold, cementing the optimism behind the coin. The digital coin’s success this year is unsurprising, attributable to several advantageous market conditions, including Donald Trump’s victory in the recent US elections. Related Reading: Bitcoin Remains Below $100,000: Is the Bull Market Over or Just Taking a Breather? According to a report from Creative Planning, and from a post on Twitter/X by Charlie Bilello, Bitcoin’s performance dwarfed the results of other asset classes, with gold offering returns of just 26%. The same data shows the Nasdaq 100 gained 25%, US large caps 24%, mid-caps 13%, and convertible bonds 10%. Although proving showing decent numbers, Bitcoin is still a volatile asset with dramatic price swings. With the exception of Long Duration Treasuries, every major asset finished higher in 2024 with Bitcoin leading the way for the second straight year.https://t.co/l5IYmkf6Ih pic.twitter.com/TyStoT73rp — Charlie Bilello (@charliebilello) January 1, 2025 Bitcoin Edges Gold And Other US Indexes Although Bitcoin has received a few criticisms and was the subject of regulatory actions, it remains a top-performing asset class. Since 2011, BTC has led all other asset classes, except for at least three years where it yielded negative returns to holders. For example, in 2018, Bitcoin’s yield was at -73%. But most of the time, Bitcoin was a consistent performer, and there were even some instances when yields topped 1,000%. According to the same chart, Bitcoin even offered yields of 1,437% in 2011, even beating long-term treasuries with a “modest” 34%. There were instances when Bitcoin’s yield disappointed its holders and investors. If we check the asset’s yield this year, we’ll discover that it’s lower than last year’s 156% return. Last year, Bitcoin was also the top performer among major asset classes, also beating gold. Bitcoin Shows Strength, But Volatility Remains While most of the past 14 years have seen great performance of Bitcoin against other asset classes, its volatility still raises questions. Owning Bitcoin or other cryptocurrencies always has hazards related to erratic price swings and even policy announcements. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? Bitcoin’s price has more than doubled since starting 2024 within the $40k range. As of press time, Bitcoin trades between $95k and $97k. Last December 5th, Bitcoin’s price hit the $100k mark before dipping below $100k again after one day. Ether also joined the surge and volatility, with its nearly 50% gain for the year, and it’s currently trading in the $3,400 range. Featured image from Newsbit, chart from TradingView

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Airdrops are transforming blockchain engagement with almost $15 billion given to crypto users in 2024. Massive Surge in Rewards via Airdrops Airdrops have become highly valuable tools for marketing new crypto projects. According to an onchain analysis by Dropstab, a crypto aggregator, $14.91 billion was disbursed by various projects in 2024 to crypto users via […]

MicroStrategy may decide not to move forward with the perpetual preferred stock offering if market conditions aren’t favorable this quarter.