Derivative contracts for the Trumps’ World Liberty Financial token have seen spikes in volume and open interest just hours ahead of a partial unlock.
After hitting a new all-time high last month, the Bitcoin price has since retraced by more than 10%, crashing below $110,000 once again. This bearish pressure has continued into the new month, with sell-offs being the order of the day, especially as investors move to secure their profits. Despite calls for a possible bottom, a crypto analyst has suggested that the Bitcoin crash is far from over. In fact, going by the analysis, the decline may just be starting as Bitcoin is expected to tumble further. Why A Crash To $93,000 Is Imminent In the analysis, crypto analyst MMBTtrader acknowledges the fact that the Bitcoin price is already under immense pressure. This is shown by the fact that the cryptocurrency has been rejected from $120,000 and has now fallen back to the next major support zone. Related Reading: Cardano Price To Rise 300% To $4? Analyst Reveals When So far, the $108,000 level has acted as a support, preventing further decline. However, with sellers still being in charge of the market, it is possible that this level does not hold for long. Looking at the broader picture, the crypto analyst calls for further price decline, and this could trigger a cascading effect. As the analyst explains, this is happening because the market needs some rest. There is also the trendline that began back in 2024, shown by the line in green, suggesting where the Bitcoin price could fall next. A retest of this trendline suggests that Bitcoin could dump back to $93,000, where the trendline makes its next contact. Naturally, the next retest of the trendline in this case would mean that it is hitting support. But there is also the fact that momentum doesn’t point to a possible Bitcoin price recovery. Even after hitting $93,000, the analyst expects a further breakdown and a move to as low as $70,000. Why Bitcoin Price Could Still Jump In the case of bulls being able to maintain support and triggering a bounce, the crypto analyst shows there is still a possibility of a price jump. Here, the price would have to reclaim the trendline above $117,000 to complete the upward continuation. Related Reading: Analyst Says XRP Price Is Yet To Hit Its First Bearish Target – Details A price jump from this support level could end in another 30% price increase, pushing the price above the $137,000 level. However, the analyst remains adamant that there is more possibility of a breakdown. “I am thinking of breakout to the downside and more dump after that like red arrows maybe now with higher possibility,” MMBTtrader stated. Featured image from Dall.E, chart from TradingView.com
Gold surged to a record high after Donald Trump’s “no inflation” comments, but Bitcoin fell to a two-month low, breaking their correlation pattern.
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One analyst said bitcoin's key support level sits at $100,000 and a breach would trigger a broader liquidity crunch.
LRC price posted a strong 9.21% overnight run, to trade at around $0.09951. The token’s market cap rose to $136.01 million, while trading volume hit $33.9 million. That being said, Loopring price ranged between a 24-hour low of $0.09082 and a high of $0.1178, signaling rising volatility as traders react to fresh momentum shifts. Why …
World Liberty Fi (WLFI) has officially launched its USD1 stablecoin on the Solana blockchain, expanding beyond its presence on Ethereum, BNB Chain, and TRON. The move includes the minting of 100 million USD1 tokens, integration with major Solana platforms, and support on key exchanges like Binance and Bithumb. This launch aims to boost liquidity, enhance …
Sonic Labs has passed the proposal to make a $200 million foray into the TradFi market, with plans to create a US company and launch an exchange-traded product.
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Metaplanet has expanded its Bitcoin holdings once again, purchasing 1,009 BTC worth about $109 million. This latest acquisition pushes the company’s total stash to 20,000 BTC, further cementing its position as a major corporate Bitcoin holder. The move highlights Metaplanet’s ongoing commitment to Bitcoin as a long-term reserve asset. With growing institutional interest and rising …
A plan reportedly circulating in the Trump administration would sees the US take over Gaza and give Palestinians a digital token for their land.
Cardano price started a fresh decline below the $0.850 zone. ADA is now consolidating and might extend losses below the $0.80 support. ADA price started a fresh decline below the $0.850 support zone. The price is trading below $0.8320 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.820 resistance zone. Cardano Price Dips Further After a steady increase, Cardano faced sellers near $0.880 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.850 and $0.8320 support levels. The bears even pushed the price below $0.820. A low was formed at $0.8003 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. Cardano price is now trading below $0.820 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.820 zone. The first resistance is near $0.8280 or the 76.4% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. The next key resistance might be $0.840. If there is a close above the $0.840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8620 region. Any more gains might call for a move toward $0.880 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.80 level. The next major support is near the $0.780 level. A downside break below the $0.780 level could open the doors for a test of $0.7620. The next major support is near the $0.750 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.8000 and $0.7800. Major Resistance Levels – $0.8200 and $0.8400.
As the cryptocurrency market steps into September, the big question on every crypto investor’s mind is whether this month could finally spark the rally many have been waiting for. August turned out to be a difficult stretch for the market, much like it has been historically, with Bitcoin and most altcoins stuck in corrective phases. …
Ethereum co-founder Joseph Lubin says Ether will flip Bitcoin as a “monetary base” as Wall Street adopts staking and DeFi infrastructure into their ecosystems.
XRP is showing signs of weakness on the charts as bearish pressure continues to weigh on price action. After touching nearly $3.40 earlier this month, the token has been steadily retracing, confirming a bearish divergence that analysts have been warning about since July. Bearish Divergence Still in Play On the weekly time frame, XRP is …
The exchange will open WLFI spot pairs against USDT and USDC, marking the token’s shift from a non-transferable presale to full tradability.
During a 12-hour buying spree over the weekend, the “Bitcoin OG” whale gobbled up 96,859 spot Ether after selling 4,000 Bitcoin.
XRP price is struggling to recover above the $3.00 resistance zone. The price is now declining and might extend losses if it drops below $2.70. XRP price is correcting gains below the $3.00 resistance. The price is now trading below $2.850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.80 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $2.850 zone. XRP Price Dips Below Support XRP price started a fresh decline below $3.00, like Bitcoin and Ethereum. The price traded below the $2.950 and $2.920 levels to enter a bearish zone. The bears were able to push the price below $2.850 and the 100-hourly Simple Moving Average. Finally, the price declined below $2.80 and tested $2.74. A low was formed at $2.738 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3.040 swing high to the $2.738 low. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $2.80 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.720 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.80 level. The first major resistance is near the $2.820 level. A clear move above the $2.820 resistance might send the price toward the $2.850 resistance. Any more gains might send the price toward the $2.90 resistance or the 50% Fib retracement level of the downward move from the $3.040 swing high to the $2.738 low. The next major hurdle for the bulls might be near $3.00. More Losses? If XRP fails to clear the $2.820 resistance zone, it could continue to move down. Initial support on the downside is near the $2.720 level. The next major support is near the $2.650 level. If there is a downside break and a close below the $2.650 level, the price might continue to decline toward $2.60. The next major support sits near the $2.50 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.720 and $2.650. Major Resistance Levels – $2.850 and $2.90.
Michael Samadi claims his AI collaborator “Maya” fears deletion like death. As lawmakers move to ban AI personhood, his group UFAIR insists machines deserve continuity—and a voice in the debate.
A core part of Seker's mandate is to 'strengthen engagement with policymakers and regulators,' according to Binance.
The debut for World Liberty's WLFI token comes after months of fundraising, insider-linked purchases, and caution from analysts.
The debut for World Liberty's WLFI token comes after months of fundraising, insider-linked purchases, and caution from analysts.
Metaplanet's strategic Bitcoin accumulation and capital-raising efforts could significantly influence its market position and investor confidence.
The post Metaplanet tops 20,000 Bitcoin ahead of key capital-raising vote appeared first on Crypto Briefing.
Technical indicators confirm a bearish shift suggested by violation of key price support levels.
Metaplanet's total holdings of 20,000 BTC made the company the sixth largest public corporate holder of bitcoin.
Ethereum price started a fresh decline below the $4,650 zone. ETH is now showing bearish signs and might gain bearish momentum if it drops below $4,340. Ethereum is still struggling to settle above the $4,500 zone. The price is trading below $4,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses and dive if there is a close below $4,340 in the near term. Ethereum Price Dips Again Ethereum price started a recovery wave after it tested the $4,260 zone, like Bitcoin. ETH price was able to climb above the $4,320 and $4,350 resistance levels. The price surpassed the 50% Fib retracement level of the key decline from the $4,660 swing high to the $4,261 low. However, the bears remained active near the $4,480 resistance zone. There were two attempts, but the bulls failed to gain strength to clear $4,500. The 61.8% Fib retracement level of the key decline from the $4,660 swing high to the $4,261 low is acting as a barrier. The price reacted to the downside below $4,450. Ethereum price is now trading below $4,450 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,460 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,450 level. The next key resistance is near the $4,480 level. The first major resistance is near the $4,500 level. A clear move above the $4,500 resistance might send the price toward the $4,565 resistance. An upside break above the $4,565 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,650 resistance zone or even $4,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,500 resistance, it could continue to move down. Initial support on the downside is near the $4,375 level. The first major support sits near the $4,340 zone. A clear move below the $4,340 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,260 support level in the near term. The next key support sits at $4,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,340 Major Resistance Level – $4,500
The Sonic Labs community voted to approve a governance proposal that would support a Nasdaq PIPE and a crypto ETF launch.
The whale's shift from Bitcoin to Ethereum may signal changing market dynamics, potentially influencing investor strategies and crypto valuations.
The post Bitcoin whale dumps 4,000 BTC and stacks over 837,000 ETH total appeared first on Crypto Briefing.
Bitcoin price is showing bearish signs below $112,000. BTC is struggling to recover and might start another decline below the $108,000 zone. Bitcoin started a fresh decline below the $112,550 zone. The price is trading below $111,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $108,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it breaks the $108,000 support zone. Bitcoin Price Dips Again Bitcoin price attempted a fresh recovery wave from the $107,352 low. BTC was able to climb above the $108,000 and $108,500 resistance levels. The price cleared the 23.6% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. However, the bears remained active near $109,500 and prevented more gains. The price is again moving lower below $109,000. There was a break below a bullish trend line with support at $108,450 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $109,400 level. The first key resistance is near the $110,000 level. The next resistance could be $110,500 or the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $112,500 level. The main target could be $113,500. More Losses In BTC? If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,000 level. The first major support is near the $107,400 level. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $107,400, followed by $106,500. Major Resistance Levels – $109,500 and $110,500.
Bitcoin liquidation heat maps favor sellers, who continue to overpower bulls in spot and futures markets despite the return of dip buyers.