Monad still accounts for less than 0.4% of the approximately $91 billion total TVL tracked across all chains.
Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle. Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to $12,000 were sidelined during the 2022 bottom. Commenting on the current BTC price action, the analyst noted that the leading crypto is trading in the largest pocket of supply it has seen in over five years, just below the higher-time-frame (HTF) bullish structure. Related Reading: Bitcoin Price At $59,000 Is The Line In The Sand, Here’s What You Should Know He stated that back in 2022, the Bitcoin price action was totally different. Back then, BTC had lost its HTF structure, and there was zero demand below. Instead, what was below was “clear air” with Bitcoin dropping below. However, the analyst said such price action is unlikely to occur this time around. Sykodelic said that the most he sees happening this time around is a deviation from the range low at around $60,000, then a reclaim, followed by a push back above $74,400, which would confirm an expanded flat. The analyst added that if a deviation move below $60,000 occurs, it is very likely due to the U.S.-Iran war, and that it could happen in the next two weeks. Lastly, he mentioned that there have been signs of large accumulation across the board, with much greater strength. As such, the analyst is confident that this downtrend will be over much faster than most people expect. Why BTC Could Drop To As Low As $46,000 In an X post, popular crypto analyst Willy Woo stated that old-school on-chain models suggest that Bitcoin will form a bottom between $46,000 and $54,000. He further remarked that the Orange line on the accompanying chart corresponds to the capital stored in BTC, and it has been leaving since November. The analyst also pointed out that the CVDD Floor Model has the advantage of climbing over time and is currently at $45,500. Related Reading: The Last Time Bitcoin Sentiment Was This Bad Was 2022, But There Was A Silver Lining However, Willy Woo cautioned that these models rely on past behavior and that there have been only four prior bear markets, all within a secular bull market in risk equities. As such, he noted that if the foundation collapses, Bitcoin and the broader crypto market will enter uncharted territory, which could lead to a deeper bear market. At the time of writing, the Bitcoin price is trading at around $68,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
A debate over stablecoin yield, likely to impact Tether, is underway in the US government as lawmakers consider a market structure bill.
Google's cheapest video model yet targets developers burned by high generation costs, arriving just days after OpenAI pulled the plug on Sora.
What looks like a geopolitical threat aimed at US multinationals could quickly become a crypto story too. That is because several of the companies threatened by Iran now sit inside the infrastructure, payments, and corporate treasury layers that parts of the digital-asset industry rely on. According to the Wall Street Journal, the IRGC warned that […]
The post Crypto faces a new risk as Iran threatens major US companies in the Middle East appeared first on CryptoSlate.
The Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows.
Drift Protocol suspended deposits and withdrawals after warning of an active attack as third party estimates put outflows near $270 million.
The post Drift Protocol halts activity as suspicious transfers point to possible $270 million exploit appeared first on Crypto Briefing.
The playful exchange highlights the ongoing rivalry and competitive dynamics within the crypto industry, influencing market perceptions.
The post Ava Labs CEO says banks love Ripple, then hits April Fools appeared first on Crypto Briefing.
The plan risks escalating US-Iran tensions, reducing ceasefire prospects and increasing likelihood of US ground operations in Iran.
The post US military plans to seize iran’s uranium at trump’s request appeared first on Crypto Briefing.
Bithumb is extending its IPO runway as it works through internal fixes while rival Upbit works on its own public listing.
Market volatility reflects uncertainty in US-Iran relations, with potential diplomatic shifts impacting geopolitical stability and investor sentiment.
The post Trump claims Iran seeks ceasefire; tehran denies, market odds react appeared first on Crypto Briefing.
Elon Musk’s rocket company has confidentially submitted IPO paperwork to U.S. regulators, potentially setting up one of the largest public listings in history.
Increased US-Iran tensions could destabilize the region, impacting global markets and diplomatic relations, with potential for regime change.
The post US strikes on Iran heighten odds of military escalation appeared first on Crypto Briefing.
Pezeshkian's softened rhetoric may signal potential diplomatic openings, yet market skepticism persists, reflecting uncertain ceasefire prospects.
The post Iran president denies hostility toward americans amid ongoing conflict appeared first on Crypto Briefing.
A market expert has outlined five distinct phases in the Bitcoin (BTC) bear market that could indicate when the leading cryptocurrency has hit a bottom. The analysis concludes that the cryptocurrency could still face additional downward pressure before ultimately reaching its final price floor this year. The Early Phases Of Bitcoin’s Price Bottom Ardi, a technical analyst on X, has used the market structure and price movements during the 2022 bear market to predict when Bitcoin could reach a price floor in this current bear cycle. In his analysis, he shared the five phases that could indicate that a bottoming process is already underway. According to the analyst, these five distinct stages have repeated across multiple assets, eras, and cycles, meaning they are not just limited to Bitcoin and could be used to determine the bottom timeline of other cryptocurrencies. He noted that Phase A is marked by an abrupt halt in the previous trend that has been pushing the Bitcoin price downward. He stated that a violent event usually takes place here, breaking the old momentum and forcing the market out of a clean downtrend. Related Reading: What Happens To The XRP Price If The 5D Bottoming Blueprint Repeats Itself? In Phase B, Ardi emphasized that this is where Bitcoin’s trading range will likely begin building. The analyst noted that the market is currently in this stage, suggesting that Bitcoin could still be months away from hitting a bottom. He explained that this stage is typically the longest of the five, often causing investors and traders to lose interest as prices consolidate and move sideways without a clear direction for weeks or months. After this comes Phase C, which the analyst described as a critical “test.” During this period, BTC is expected to make one final move in the direction of its previous downtrend, shaking out the weak hands and trapping bulls. Based on the analyst’s chart, Phase C will likely mark Bitcoin’s final market bottom. However, Ardi expects this move to trigger breakout traders into taking wrong positions, allowing the market to determine whether any significant pressure remains. The Final Stages Of The Bottoming Process Moving forward, Ardi noted that Phase D likely marks the end of the Bitcoin bear market, with a new trend gradually taking shape ahead of a bullish breakout. During this period, Bitcoin’s market structure could begin to strengthen, even as overall sentiment remains cautious, and participants may still feel uncertain about the safety of entering long positions. Related Reading: What Every XRP Holder Must Understand As Activity Wanes For the final phase of this bottoming process, Ardi expects Bitcoin to break out of its range-bound movement, making the emerging bullish trend more visible to the broader market. He noted that most traders trust this stage because it is the first point at which the market’s direction appears clear. However, he warned that this can be a trap. Traders often buy only when conditions feel safe and sell when the trend seems obvious, but by then, they may have already lost their advantage and missed the opportunity to accumulate at lower prices. Featured image created with Dall.E, chart from Tradingview.com
Iran's focus on US tech firms heightens geopolitical tensions, potentially broadening conflict and impacting global tech markets.
The post Iran threatens US tech firms, raising stakes in military escalation appeared first on Crypto Briefing.
Iran's strategic military stance suggests a focus on stability and diplomacy, reducing immediate regime change risks and influencing market perceptions.
The post Iran’s president calls military response measured and defensive appeared first on Crypto Briefing.
Iran's warning highlights the fragile geopolitical landscape, potentially impacting global markets and diplomatic relations significantly.
The post Iran warns against infrastructure attacks amid war escalation appeared first on Crypto Briefing.
Rising market optimism hints at potential diplomatic engagement, but concrete actions are needed to significantly alter conflict dynamics.
The post Iran’s president warns against infrastructure attacks amid war tensions appeared first on Crypto Briefing.
Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum.
The reported incident could be a $200 million exploit of the decentralized crypto exchange due to a leak of a crypto wallet private key.
Market skepticism persists despite diplomatic overtures, highlighting the need for tangible actions to shift sentiment and expectations.
The post Iran’s president claims US relations misunderstood appeared first on Crypto Briefing.
The exploit, which started over two hours ago, seems to be targeting multiple Drift vaults, totaling at least $200 million.
The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
The deployment signals increased US military readiness, impacting market predictions and highlighting geopolitical tensions in the region.
The post US deploys 18 additional A-10 aircraft to Middle East appeared first on Crypto Briefing.
Aptos, Sui & Filecoin: all the prices are trading within the lower bands and are showing the possibility of a breakout. While Bitcoin price is stuck between $60,000 and $70,000, and Ethereum is showing weakness against the star token, these altcoins could shake the markets. Aptos price seems to be ready for a breakout above …
Continued US-Israel operations suggest skepticism towards Iran's claims, impacting ceasefire odds and highlighting geopolitical tensions.
The post Iran’s surrender claim disputed by ongoing US-Israel operations appeared first on Crypto Briefing.
EDX Markets has applied for a national trust bank charter, seeking custody and trading services as crypto firms push deeper into banking.
The post Citadel-backed EDX applies for OCC trust bank charter to expand crypto services appeared first on Crypto Briefing.
Whitaker's diplomatic approach may signal a strategic shift, but skepticism persists about immediate conflict resolution, impacting market dynamics.
The post Whitaker Suggests Diplomatic Path for Iran Conflict appeared first on Crypto Briefing.
Paradigm founder and Kalshi board member Matt Huang has previously said that prediction markets represent a trillion-dollar opportunity.