Category: Cryptocurrency News

Two congressional Republicans are calling for a briefing from the US Treasury Department about the recent cyber breach by an alleged China backed hacker.

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

As part of the pilot, over 200 clinical providers and healthcare analysts helped identify potential vulnerabilities when using AI chatbots for military medical applications.

The Bitcoin market has been experiencing a phase of correction in recent weeks following its recent surge beyond $108,000. This decline has led to growing concerns among investors about whether the market is entering a prolonged cooling-off period or if this correction signifies the end of the bull cycle. However, historically, such phases have been common in Bitcoin’s market cycles, often followed by periods of renewed upward momentum. Analysts are now turning to key on-chain metrics to provide insights into the current phase and its implications for Bitcoin’s price trajectory. Related Reading: Market Alert: Bitcoin’s $81K Support Zone Could Decide Its Next Big Move Key On-Chain Indicators Reflect Market Sentiment A CryptoQuant analyst known as Avocado Onchain recently shared an analysis suggesting that the market remains within a broader bull cycle. Using on-chain indicators such as the Adjusted Spent Output Profit Ratio (SOPR), Miner Position Index (MPI), and funding rates, the analyst outlined the current state of Bitcoin. According to the report, the SOPR (7-day Simple Moving Average) remains above 1 but is trending downward, indicating reduced profit margins for sellers. This metric often acts as an early signal of market sentiment shifts, with drops below 1 historically triggering rebounds as selling pressure subsides. The report further analyzed Bitcoin’s Miner Position Index (MPI). This index measures miner behavior, particularly their tendency to sell Bitcoin in anticipation of significant market events, such as halving cycles or peak price levels. The current trend in MPI shows no significant outflows from miners to exchanges, suggesting that large mining operations are holding their Bitcoin reserves. Avocado added that this indicates confidence in the long-term value of Bitcoin, even as short-term volatility persists. However, periodic sell-offs to cover operational costs are still expected. Another important indicator highlighted by the CryptoQuant analyst is total network fees, measured using a 7-day Simple Moving Average (SMA). This metric reflects transaction activity and overall on-chain engagement. Avocado disclosed that the recent decline in network fees suggests reduced trading activity and a temporary cooling-off phase in market participation. Historically, such periods of lower transaction activity have preceded periods of renewed bullish momentum, especially when other indicators align with this trend. Bitcoin Funding Rates And Investor Sentiment Funding rates, another significant indicator in the analysis, have shown a downward trend. Funding rates represent the cost of holding long or short positions in Bitcoin futures contracts and are often used to gauge market sentiment. During bull cycles, sharp drops in funding rates have often been followed by rebounds, as bearish sentiment reaches an extreme point and buyers return to the market. Related Reading: Bitcoin Price Eyes Fresh Gains: Can Bulls Break Through? The analyst emphasized that while current on-chain data suggests a cooling-off phase rather than the end of the bull cycle, short-term price movements remain uncertain. Historically, funding rate drops have served as buying opportunities for long-term investors, particularly during periods of heightened market pessimism. Featured image created with DALL-E, Chart from TradingView

Hi So I bought high at $4400 long ago. What do we see as are chances of ever returning to those highs? Would I be better off swapping for a coin like bitcoin or maybe xrp? Throw it to Solana? What’s the community advice submitted by /u/phillynugget [link] [comments]

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

The cloud mining firm will be buying the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models.

MARA CEO Fred Thiel said Bitcoin has only fallen in three of the last 14 calendar years, which is why retail should consider buying Bitcoin and just let it appreciate in value.

Binance has secured its 21st regulatory approval with Brazil’s central bank, bolstering its growing dominance and expanding its footprint in Latin America’s booming crypto market. Binance Expands Regulatory Dominance With Brazil Approval Crypto exchange Binance announced Thursday that it has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer in […]

With the arrival of the new year, the cryptocurrency market is experiencing a significant rebound, as the leading 100 cryptocurrencies, headed by Bitcoin (BTC), show increases and positive trends.  In light of this revival, crypto expert Miles Deutscher has revealed his forecasts for 2025, providing perspectives on the upcoming paths of key cryptocurrencies and market tendencies. Bitcoin Price Potential To Hit $1 Million Deutscher begins by addressing the current state of the Bitcoin dominance chart, suggesting that it has likely peaked for this cycle. He anticipates that while BTC may experience periods of outperformance, it will ultimately stabilize around 61.5% dominance.  In addition, Deutscher has made bold predictions regarding Bitcoin’s future price, asserting that it will reach $140,000 by the end of 2025.  While he has seen more aggressive forecasts predicting prices over $200,000, he considers these estimates “overly ambitious” within the next 12 months. However, the expert expresses a long-term belief in Bitcoin’s potential to evolve into a $1 million asset, indicating his confidence in the cryptocurrency’s future growth. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details On the other hand, Deutscher highlights that the most significant developments in the altcoin market will not materialize until the second half of the year.  The expert acknowledges the macroeconomic challenges currently facing the market, which he believes have slightly delayed the overall cycle. Interestingly, he notes the historical trend of altcoin seasonality, which typically favors the first half of the year, suggesting the possibility of two distinct upward runs in the crypto market. Cryptocurrency ETFs Set To Flourish In 2025 In 2025, Deutscher further expects artificial intelligence (AI) to remain a dominant narrative within crypto. He believes that the integration of AI will lead to a major transformation in decentralized finance (DeFi) and on-chain trading, particularly through the development of AI agents.  He forecasts that several AI-driven projects will achieve market capitalizations exceeding $1 billion, signifying a shift towards more sophisticated financial instruments. Deutscher also emphasizes the importance of Real World Assets (RWA), predicting they will gain significant traction throughout the year. He notes that asset tokenization is still in its infancy, with influential figures like Donald Trump and Larry Fink likely to champion this sector, fostering growth and innovation. Predictions regarding DeFi utility coins are particularly noteworthy. Deutscher anticipates that major protocols, such as Chainlink (LINK), Aave (AAVE), Enjin (ENA), and Uniswap (UNI), will outperform their peers as the market recognizes the value of income-generating utility protocols.  The expert argues that the market has yet to fully appreciate the potential impact of the Trump administration on DeFi, suggesting that a favorable regulatory environment will benefit these protocols significantly. Related Reading: Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Another key prediction from Deutscher involves the potential approval of exchange-traded funds (ETFs) for cryptocurrencies like Solana (SOL) and XRP. The analyst believes that a new regulatory regime will facilitate a more accommodating environment for cryptocurrency ETFs in 2025. In a broader context, Deutscher foresees a strategic Bitcoin reserve being established in the United States, paving the way for other nations to follow suit.  This shift towards sovereign and institutional adoption of Bitcoin is expected to gain momentum, further legitimizing the market’s leading cryptocurrency as a viable asset class. As of now, BTC is priced at $97,570, showing an increase of almost 4% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com