Aster, a fast-rising decentralized exchange on Binance Smart Chain, has shocked the market with a massive 2347% jump in just one week, hitting a new all-time high of $2.12. Despite such a massive pump, well-known crypto analyst Kyle Chasse sees more room for the Aster token to surge; he sees the Aster token could still …
As a seasoned observer in the ever-evolving crypto landscape, I can’t help but note that FTX Token has stormed back to life. Clocking a jaw-dropping 20% daily price jump to $0.9789 and a weekly gain of 21.92%. Fueled by surging trading volume, up more than 500% and a bustling social media rumor mill, FTT’s comeback …
Strategy chair Michael Saylor says Bitcoin will gain after “macro headwinds” subside as treasury companies and ETFs put upward pressure on the cryptocurrency.
Bitcoin’s Bollinger Bands compressed to record-tight weekly levels, with analysts predicting inevitable volatility expansion and major price movement.
September 24, 2025 06:07:53 UTC Powell Flags High Stock Valuations, Markets React Federal Reserve Chair Jerome Powell highlighted that stock prices are “fairly highly valued,” acknowledging elevated asset levels during a Providence speech. While emphasizing that financial stability risks remain low, Powell noted the Fed monitors overall financial conditions to ensure policy effectiveness. Following the …
Brazil’s central bank (BCB) is moving to tighten oversight of the foreign exchange market with a new set of proposed rules. While the framework is primarily aimed at electronic forex platforms (eFX), the ripple effects could reach far beyond traditional finance—potentially reshaping how cryptocurrency exchanges operate in Brazil. New Oversight Rules for Brazil’s Forex Market …
Liquidity trends and buy-the-dip mentions point to potential for a deeper sell-off.
The long-running FTX bankruptcy case has entered a new chapter. The FTX Recovery Trust is now suing crypto mining company Genesis Digital Assets (GDA) in an effort to claw back more than $1 billion. The lawsuit highlights how deeply Sam Bankman-Fried’s financial decisions continue to impact creditors two years after FTX’s collapse. Lawsuit Claims Inflated …
Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support. SOL price started a fresh decline below $240 and $230 against the US Dollar. The price is now trading below $220 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $215 and $222. Solana Price Dips Again Solana price failed to stay above $250 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $240 and $232 support levels to enter a bearish zone. The bears even pushed the price below $220 and the 100-hourly simple moving average. A low was formed at $207 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $254 swing high to the $207 low. Solana is now trading below $220 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $215 level. The next major resistance is near the $220 level or the trend line. The main resistance could be $230 or the 50% Fib retracement level of the downward move from the $254 swing high to the $207 low. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level. More Losses In SOL? If SOL fails to rise above the $222 resistance, it could continue to move down. Initial support on the downside is near the $207 zone. The first major support is near the $202 level. A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $184 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $202 and $200. Major Resistance Levels – $215 and $222.
Former Binance CEO Changpeng Zhao, commonly known as CZ, has found himself at the epicenter of a new controversy following a recent report by the Financial Times regarding his Web3 and artificial intelligence (AI) venture, YZi Labs. CZ Denies Financial Times Report The report suggested that Zhao was planning to open a substantial $10 billion portfolio to outside investors, a claim that has sparked a vigorous denial from the former executive of the world’s largest cryptocurrency exchange. Related Reading: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump? According to the Financial Times, Ella Zhang, head of YZi Labs, acknowledged strong interest from potential investors, even mentioning that US Securities and Exchange Commission (SEC) Chair Paul Atkins had requested a private demonstration of the fund’s capabilities. The Financial Times report indicated that approximately 70% of YZi Labs’ portfolio consists of digital assets, with more than 50 token proposals reviewed over the summer. However, the former Binance executive took to social media platform X (formerly Twitter) to vehemently dispute the Financial Times’ claims, labeling the report as “complete false news” filled with what he described as “fake, wrong, and made-up information.” Zhao made several specific assertions in his posts. He stated that YZi Labs is not currently raising an external fund, nor is there any planned demonstration for investors. CZ expressed confusion over the concept of a “demo” for a fund and clarified that there has never been a pitch deck for YZi Labs, nor has the organization pursued any external investment discussions since its rebranding. YZi Labs Not Linked To Binance In his response, CZ further stated that YZi Labs operates independently from cryptocurrency exchange Binance and refuted claims that it was “spun out” of the exchange after his legal troubles with US authorities in November 2023. Addressing regulatory concerns, Zhao pointed out that he has only been cited for a single violation related to the Bank Secrecy Act, which he clarified involved a failure to maintain an adequate anti-money laundering program. He sated: I plead to a single violation of BSA, failure to maintain an adequate ANTI-money laundering program. Contrary to what FT characterized as “money laundering” violations. Related Reading: Why Aren’t Institutions Adopting XRP ‘Massively’? Pundit Answers The former Binance CEO stressed that his legal situation should not be conflated with accusations of money laundering, a distinction he feels is often misrepresented in traditional media. Zhao also noted that the Financial Times had previously attempted to arrange a lunch interview with him, promising positive coverage. After canceling the meeting, he expressed his regret about the situation, suggesting that the resulting article was not the narrative he had hoped for. At the time of writing, Binance’s native token, Binance Coin (BNB), trades above the $1,000 milestone, recording gains of 15% during this month’s uptrend. Featured image from BBC, chart from TradingView.com
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $1,000,000 by 2030, fueled by growing institutional adoption, ETF inflows, and its limited supply. He believes rising inflation and economic uncertainty are pushing investors to view Bitcoin as a reliable store of value. Armstrong also points to halving cycles and expanding developer activity as key drivers of …
Meme token holds above $0.24 support as volume spikes past 500M while resistance consolidates near $0.2.
The number of crypto millionaires has jumped 40% year-on-year to over 240,000, driven mainly by institutional adoption, according to Henley & Partners.
XRP price started a fresh decline below the $2.90 zone. The price is now showing bearish signs and might decline again below the $2.780 zone. XRP price is moving lower below the $2.90 support zone. The price is now trading below $2.880 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.90 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.780. XRP Price At Risk of Another Decline XRP price failed to stay above the $3.00 pivot level and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $2.920 and $2.90 support levels. The bears even pushed the price below $2.80. A low was formed near the $2.678 support, and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the recent decline from the $3.138 swing high to the $2.678 low. However, the bears are active near the $2.90 resistance. The price is now trading below $2.90 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $2.90 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.880 level. The first major resistance is near the $2.90 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $3.138 swing high to the $2.678 low. A clear move above the $2.90 resistance might send the price toward the $2.950 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.120. Another Decline? If XRP fails to clear the $2.90 resistance zone, it could continue to move down. Initial support on the downside is near the $2.780 level. The next major support is near the $2.7150 level. If there is a downside break and a close below the $2.7150 level, the price might continue to decline toward $2.650. The next major support sits near the $2.60 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 – $2.780 and $2.7150. Major Resistance Levels – $2.90 and $2.950.
As Solana attempts to reclaim the $220 level as support, an Australian-based firm has joined the trend of Digital Asset Treasury (DAT) companies with a $100 million financing facility for the launch of a new SOL treasury strategy. Related Reading: Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate First Australia-Based Solana Treasury On Tuesday, Nasdaq-listed Fitell Corporation, a global provider of fitness equipment and health solutions, unveiled the launch of the first Solana-based digital asset treasury in Australia. According to the announcement, the company has secured a $100 million convertible note facility with a US-based institutional investor to support the launch of its SOL treasury strategy. Notably, $10 million from the initial closing will be immediately deployed to purchase the altcoin. Following the launch of the Treasury, Fitell plans to rebrand to “Solana Australia Corporation.” Additionally, it has initiated steps for a dual listing on the Australian Securities Exchange (ASX). The DAT is expected to generate yields by deploying SOL assets across a “diversified suite of on-chain DeFi and derivatives strategies,” including structured products such as options, snowballs, on-chain liquidity provisioning, and other highly liquid strategies with managed downside risk. Meanwhile, returns generated will be reinvested into the treasury reserve, the company explained. Cailen Sullivan, one of Fitell’s advisors, affirmed that their strategy “focuses not only on Solana itself, but the broader ecosystem of applications being built on top.” “By deploying more assets on-chain, we aim to generate outsized returns, setting a new benchmark for performance in digital asset management while supporting the growth of DeFi applications on Solana,” Sullivan added. SOL Corporate Adoption Continues Fitell Corporation’s CEO, Sam Lu, expressed the company’s ambition to become the largest publicly listed SOL holder in Australia and the Asia Pacific regions: The launch of our Solana digital asset treasury positions Fitell at the forefront of Solana adoption in the regions of Australia and Asia Pacific. (…) With the expertise of David Swaney and Cailen Sullivan, we are excited to execute on a roadmap that combines innovation, yield generation, and disciplined risk management. This initiative follows the recent push for Solana-focused DATs, which have seen hundreds of millions of dollars invested in the strategies this month. Last week, neurotech company Helius Medical Technology revealed the launch of a $500 million SOL treasury strategy backed by Pantera Capital and Summer Capital. The Pennsylvania-based company announced the first purchase for its DAT strategy on Monday, adding 760,190 SOL, worth approximately $168 million, at an average purchase price of $231. Similarly, Nasdaq-listed Forward Industries Inc. has unveiled its plan to bring its equity to the blockchain. According to the announcement, the company has partnered with financial technology firm Superstate to allow stockholders to tokenize and hold FORD shares on the Solana blockchain. Related Reading: CEO Dismisses September Crash, Reveals Why The Bitcoin Price Is Headed For $150,000 Forward Industries Inc. is currently the largest corporate SOL Treasury, successfully closing a $1.65 billion private investment in public equity (PIPE) earlier this month to purchase the cryptocurrency, stake it, and generate excess returns. Bitwise’s CIO Matt Hougan suggested that strong corporate treasury purchases and the highly anticipated approval of spot SOL exchange-traded funds (ETFs) could start a “Solana Season” in the coming months. As of this writing, SOL is trading at $220, a 6.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Galaxy Digital’s Mike Novogratz says US crypto legislation will unleash new market participation, which could break the traditional four-year cycle.
Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone. Ethereum failed to extend gains and declined below the $4,200 zone. The price is trading below $4,220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,280 and $4,320. Ethereum Price Is Now At Risk Ethereum price failed to continue higher above the $4,500 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,420 and $4,350 support levels. The bears even pushed the price below $4,200. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. Ethereum price is now trading below $4,220 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,280 level. The first major resistance is near the $4,315 level and the 50% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. A clear move above the $4,315 resistance might send the price toward the $4,370 resistance. There is also a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD. An upside break above the $4,370 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,215 resistance, it could start a fresh decline. Initial support on the downside is near the $4,125 level. The first major support sits near the $4,050 zone. A clear move below the $4,050 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,750. 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 – $4,125 Major Resistance Level – $4,320
Bitcoin has seen “buy the dip” mentions spike on social media after the price crash, but Santiment warns this could be a contrarian signal. Social Media Users Are Calling To Buy The Bitcoin Dip In a new Insight post, analytics firm Santiment has talked about how the market has been reacting to the latest plunge in the Bitcoin price. “One of the first things we like to look for is a sign of retailers showing enthusiasm toward buying the dip,” notes Santiment. The indicator cited by the analytics firm is the “Social Volume,” which measures the total amount of posts/messages/threads appearing on the major social media platforms that make unique mentions of a given term or topic. Related Reading: Here’s The Boundary Bitcoin Bulls Must Defend To Save Rally Santiment has filtered the Social Volume for Bitcoin-related keywords and terms pertaining to calls for “buy the dip.” Below is a chart showing the trend in the metric over the past month. As is visible in the graph, the Bitcoin Social Volume has spiked for these terms, indicating that interest in buying the dip has surged among social media users. At the current value, dip-buying calls are at their highest in 25 days. While this could sound like a signal that a rebound may be coming soon for the cryptocurrency, history has had many examples of the contrary. “Prices typically move the opposite direction of the crowd’s expectations,” explains the analytics firm. Considering this, the dip-buying hype could actually be a sign that more pain may be ahead for BTC before the bottom can actually be in. “Once the crowd stops feeling optimistic, and they begin to sell their bags at a loss, this is typically the time to strike with your dip buys,” says Santiment. Another gauge for market sentiment is through the Binance Funding Rate, which is a metric that keeps track of the periodic fee that derivatives traders are exchanging between each other on the largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 The indicator turned sharp red just ahead of the latest plummet in the Bitcoin price, indicating that short positions became dominant on Binance. After the decline, however, traders changed their tune as the metric switched back to being green. This trend would suggest that investors are hoping Bitcoin would rebound soon. “Ideally, for a notable price bounce to occur, we need to see a sustained period of shorts outpacing longs,” notes the analytics firm. As such, this could be another indicator to keep an eye on, as a flip into the negative for an extended phase may pave the way toward a bottom. BTC Price Bitcoin has been unable to make recovery from its crash so far as its price continues to trade around $112,700. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Most currencies in the region are locked in by capital controls. Hong Kong's unique status as an autonomous part of China means its currency is available around the world.
Bitcoin price extended losses after it traded below $114,000. BTC is now consolidating losses and might decline further to test the $110,500 support zone. Bitcoin started a fresh decline below the $114,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,000 zone. Bitcoin Price Starts Consolidation Bitcoin price failed to stay above the $115,500 zone and started a fresh decline. BTC declined below the $115,000 and $114,000 support levels to enter a short-term bearish zone. The decline gained pace below the $113,500 level. A low was formed at $111,557 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Bitcoin is now trading below $113,200 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $113,000 level. The first key resistance is near the $113,500 level and the trend line. The next resistance could be $114,000. A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $114,750 resistance level or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Any more gains might send the price toward the $115,500 level. The next barrier for the bulls could be $116,250. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,000 level. The first major support is near the $111,750 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might gain bearish momentum. 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 – $112,000, followed by $111,750. Major Resistance Levels – $113,600 and $114,000.
The unexpected post sparked questions about inmate communications as the FTX estate sues for $1.1 billion and prepares a $1.6 billion payout.
Solana (SOL) has entered a crucial zone as the price tightens near the $200 support level. The recent pullback in crypto markets, which pushed Bitcoin below $112,000, has also put pressure on Solana. Despite the bearish sentiment, bulls remain active around this key support. Related Reading: XRP Price Chatter Heats Up After Developer’s $4 Hint – Details Trading volumes have surged past $12 billion within 24 hours, indicating strong participation from both buyers and sellers. Analysts point out that a drop below $200 could trigger liquidity-driven volatility, but any decline might also serve as a springboard toward $250 in the near term. The daily chart shows SOL consolidating within an ascending channel, with RSI cooling to neutral territory. If the midline support around $210 holds, a retest of $250 remains a possibility. SOL's price trends lower on the daily chart. Source: SOLUSD chart on Tradingview Institutional Confidence and Treasury Growth While short-term volatility weighs on the Solana price, institutional adoption continues to strengthen its long-term outlook. Roughly 590,000 SOL, worth over $120 million, has been added to portfolios in the past month. Corporate staking commitments now exceed 8.27 million SOL, equating to more than $1.7 billion. This growing treasury activity is no accident. With staking yields averaging 7%–8%, Solana offers businesses a more lucrative reserve strategy than Bitcoin, which provides no yield, and Ethereum, which averages around 3%–4%. Nasdaq-listed firms like DeFi Development Corp. and Fragmetric Labs have even launched Solana-focused treasuries in South Korea, further strengthening the network’s appeal as a corporate asset. Adoption Beyond Solana Price Action Adoption cycles are increasingly positioning Solana as a competitor to Bitcoin and Ethereum. Payment giants like Stripe and PayPal are integrating Solana into their systems, reflecting confidence in its speed and low-cost efficiency. Forward Industries has taken a further step, announcing plans to tokenize its public equity directly on Solana’s blockchain, a move that signals the merging of traditional finance with decentralized technology. Despite lacking an exchange-traded fund (ETF), Solana’s fundamentals suggest strong upside potential. Analysts believe that if SOL closes above $250, the token could target $300 before year-end. With institutional portfolios still holding less than 1% of Solana’s supply, the room for growth remains significant. Related Reading: Bitcoin Price Could Still Crash To $99,000 If This Happens, Warns Ostium Labs For now, all eyes are on whether Solana can defend the $200 support. A short-term dip may be inevitable, but with adoption accelerating and treasuries expanding, the long-term narrative suggests that Solana’s challenge to Bitcoin is only beginning. Cover image from ChatGPT, SOLUSD chart from Tradingview
ARK Invest's move suggests growing confidence in Chinese tech, potentially boosting investor sentiment despite geopolitical tensions.
The post ARK Invest acquires Alibaba shares for first time in four years appeared first on Crypto Briefing.
The sale highlights potential investor confidence shifts amid NVIDIA's dominant market position and the ongoing AI industry expansion.
The post NVIDIA director sells 350,000 common shares at $176.39 each appeared first on Crypto Briefing.
US Commodity Futures Trading Commission acting chair Caroline Pham said her agency is looking to allow derivatives traders to post stablecoins and tokenized assets as collateral.
OranjeBTC's acquisition highlights the increasing trend of corporate Bitcoin adoption as firms seek to hedge against inflation and diversify assets.
The post OranjeBTC acquires 3,650 Bitcoin for $385 million appeared first on Crypto Briefing.
Ian Calderon, a former California lawmaker and Bitcoiner, started his campaign for California governor as a long shot among several established candidates.
As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish momentum. Bitcoin NPC Back In Positive Territory According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the NPC of Bitcoin holders who have held the digital asset for less than one month has decisively flipped into positive territory. This change shows that new demand is flowing into the market at an accelerated rate. Related Reading: Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test Crazzyblockk highlighted that the 30-day change in supply held by wallets younger than one month has surged, hitting as high as +73,702 BTC on September 23. The following chart confirms the uptick following a period of negative action. It is worth emphasizing that the influx of fresh capital into the Bitcoin market is beneficial in helping to absorb the supply being sold by long-term holders (LTH). Typically, LTH refers to holders who have held BTC for more than six months. Currently, these LTH are selling their BTC at a rate of approximately -145,000 BTC, indicative of a typical bull market where early investors realize profits. The analyst added that the fact that selling pressure is being met with strong demand from new entrants is a sign of the rally’s sustainability. The CryptoQuant contributor added that the accumulation is not limited to the newest cohort. Besides the less than one-month cohort, short-term holders (STH) – investors who have held BTC for less than six months – are also accumulating. The STH NPC has changed to +159,098 BTC, cementing the robust demand for the top cryptocurrency by market cap across a spectrum of investors based on their time in the market. Crazzyblockk added: The current dynamic – where profit-taking from long-term investors is being absorbed by a new and enthusiastic wave of buyers – is a classic characteristic of a strengthening bull market. The positive flip in the youngest holder cohort is a leading indicator of broadening market participation and suggests a strong conviction among new investors. This robust demand structure is highly supportive of continued price appreciation in the near to medium term. Some Areas Of Concern For BTC While the demand for BTC from young cohorts is encouraging, some concerns still linger about the digital asset’s near-term price action. For instance, BTC exchange inflows remain elevated, raising fears of greater selling pressure. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Similarly, recent on-chain data shows that BTC’s current rally is primarily being led by retail investors. Bitcoin whales – wallets with significant BTC holdings – are noticeably absent from the current rally. That said, the digital asset’s fundamentals continue to strengthen as the Bitcoin network activity recently reached a new 2025 peak. At press time, BTC trades at $112,804, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Tether's ambitious valuation pursuit highlights the growing influence and critical role of stablecoins in global financial ecosystems.
The post Tether targets $500B valuation in major funding round appeared first on Crypto Briefing.
Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything Uniswap Gems noted that the recent huge, volatile move caught many traders off guard. As a result, the market is now in a period of consolidation. This chop is a sideways price movement within a tight range, which is often needed to establish a solid bottom after a sharp price swing. He cautions that this phase could last for the next 2 to 3 days, making it a difficult environment for those looking for quick directional trades. For a bullish trend to resume, BTC needs to flip $113,000 into a support level. If this happens, it could set the stage for a retest of the $115,000 range. However, if BTC fails to hold its current levels and makes new local lows, Uniswap Gems expects a more significant drop all the way down to sub $105,000, which would be a decisive move to the downside. Analyst Philakone, a crypto investor and day trader, has issued a stark reminder about the inherent volatility of BTC and historical price action in bear markets. His analysis focuses on the severe drawdowns that have consistently followed previous all-time highs. According to Philakone, BTC price has a historical tendency to drop between 75% to 85% from its peak during a bear market. This is a crucial point that he believes many people struggle to grasp, especially after a prolonged bull run. However, if BTC’s all-time high for the current cycle reaches $125,000, a 75% drop would bring the price down to a mere $30,000. Market Still Fragile Despite Heavy Liquidations Crypto trader known as KillaXBT has adopted a highly cautious stance on the BTC market. For the first time in a while, the expert is fading this BTC dip despite a massive liquidation event of 1.5 billion. His decision is based on a technical analysis of a key market indicator of the USDT dominance chart. Related Reading: Bitcoin Price Retreats Lower Again – Is This Just a Healthy Dip? KillaXBT explains that the USDT.D (Tether Dominance) chart is showing concerning signals. If it breaks above its Equal Highs (EQHs), it could lead to a bigger drop in price. Due to this analysis, he has decided not to open any position in the market and is not looking for either long or short trades. Featured image from Pixabay, chart from Tradingview.com