Cryptocurrency exchange Coinbase (COIN) could be one of the biggest corporate beneficiaries of the United States’ first comprehensive crypto legislation, the GENIUS Act, which was signed into law in July 2025 and established a federal framework for stablecoin issuance and oversight. Coinbase Stablecoin Revenue Jumps 48% According to Bloomberg analysts Paul Gulberg and Samuel Radowitz, the new framework may significantly strengthen Coinbase’s fast-growing stablecoin business, particularly if adoption of dollar-backed tokens expands into mainstream payments. Related Reading: Bitcoin May Be In A Price Slump—But Adoption Is In A Bull Market In 2025, Coinbase generated an estimated $1.35 billion in revenue tied to stablecoins, a 48% increase from $911 million in 2024. That segment represented 19% of the company’s total annual revenue, underscoring how important stablecoins have become to the exchange’s overall business model. Unlike trading fees, which tend to rise and fall sharply alongside crypto market volatility, stablecoin-related income is derived from interest earned on reserves backing Circle’s USDC. Those reserves are primarily invested in US Treasuries and other low-risk instruments, producing yield. Coinbase receives a significant share of that interest income, making the business more predictable and generally higher margin than transaction-based revenue. The importance of this revenue stream became particularly evident in late 2025. During a period when Bitcoin (BTC) and broader crypto prices declined sharply, and Coinbase’s fourth-quarter revenue dropped 20%, income generated from stablecoins remained comparatively stable. Paul Gulberg and Samuel Radowitz argue that this consistency could become even more meaningful if regulatory clarity accelerates broader USDC adoption. GENIUS Act Expected To Accelerate USDC Growth The GENIUS Act is central to that outlook. By providing a national regulatory structure for stablecoin issuers, the legislation could remove barriers that have limited the use of USDC in areas such as cross-border payments and merchant settlements. If businesses and financial institutions adopt stablecoins more widely for real-world transactions, the overall supply of USDC could expand substantially. An increase in USDC circulation would require additional reserves to back those tokens, which in turn would generate more interest income from the underlying Treasury holdings. Because Coinbase shares in that yield, greater adoption directly translates into higher potential revenue. Bloomberg analysts estimate that under favorable conditions, Coinbase’s USDC-related revenue could grow by two to seven times its current level. Related Reading: Expert Forecasts $5 Trillions Pouring Into Crypto Post CLARITY Act Passage Yet, reaching the upper end of that projection depends on whether Coinbase can continue offering rewards to customers who hold USDC. If customer reward mechanisms remain in place, analysts believe USDC adoption could accelerate more rapidly. However, even if those programmes are limited or scaled back in the ongoing negotiations on the CLARITY Act, the clearer regulatory environment created by the GENIUS Act is still expected to support meaningful growth in stablecoin usage. At the time of writing, the exchange’s stock, trading under the ticker name COIN, surged towards $185 during Wednesday’s trading session, marking a 22% increase in the 24-hour time frame. Featured image from OpenArt, chart from TradingView.com
The Swiss crypto bank will handle strategic asset allocation for corporate crypto treasuries and is already actively managing $200 million in volume at launch.
HB 1042 has passed both chambers of the Indiana Legislature and now awaits the signature of Eric Holcomb. The bill defines cryptocurrency under state law and requires certain public retirement plans, including PERF and TRF annuity accounts, to offer self-directed brokerage options with crypto investments by July 1, 2027. It also prevents state and local …
Pi Network has completed one year since launching its Open Network, and its founders used the milestone to stress that their focus remains on building infrastructure and real-world use cases rather than chasing short-term price action. From the very beginning, the project has faced doubt and controversy. Questions about its structure, rollout, and long-term vision …
Senator Elizabeth Warren said Sam Bankman-Fried’s public backing of the CLARITY Act should “set off alarm bells” for lawmakers and regulators. Elizabeth Warren delivered a sharp criticism of the bill after it received surprising praise from Sam Bankman-Fried, the former FTX executive who is currently serving a 25-year prison sentence for fraud. The back-and-forth unfolded …
Indiana has passed House Enrolled Act 1042, giving cryptocurrency an official legal definition. The law describes crypto as a digital asset that works without central control and uses encryption to create units and verify transfers. Payment stablecoins are not included. The measure also requires the state retirement board to offer at least one crypto investment …
On-chain analytics firm Glassnode has highlighted how accumulation from the large Bitcoin entities has remained relatively weak recently. Bitcoin Accumulation Trend Score Has Been Struggling To Break 0.5 In a new post on X, Glassnode has talked about the latest trend in the Accumulation Trend Score for Bitcoin. This on-chain indicator tracks whether BTCinvestors are accumulating or distributing right now. The metric calculates its value by looking at the balance changes happening in the wallets of the investors. Additionally, it also accounts for the size of the wallets themselves. This second weighting factor means that larger entities have a stronger influence on the indicator. Related Reading: Bitcoin Nears Death Cross That Preceded Final Bear Market Legs When the value of the Accumulation Trend Score is greater than 0.5, it means large investors (or a large number of small entities) are accumulating. The closer the metric is to 1, the stronger this behavior is. On the other hand, the indicator being under 0.5 implies that distribution is the dominant behavior on the network. The extreme point on this side of the scale lies at 0. Now, here is the chart shared by Glassnode that shows how the Bitcoin Accumulation Trend Score has changed over the course of the cycle: As displayed in the above graph, the Bitcoin price crash in November saw the Accumulation Trend Score take on a dark purple color. Here, a light yellow shade on the indicator reflects a value close to zero, while a dark purple one to a value near 1. Thus, it would appear that the market reacted with a near-perfect accumulation behavior to the November price lows. While December saw continued accumulation, a shift occurred in January; the price recovery rally was met with distribution as the Accumulation Trend Score turned orange-yellow. The cryptocurrency’s price has plummeted since the onset of this selling pressure. The price crash has been met with some accumulation, but from the chart, it’s visible that the indicator’s color has still only been red. “The Accumulation Trend Score has struggled to push above 0.5 since early February,” noted the analytics firm. While the current value suggests aggressive distribution is no longer happening, it’s not necessarily a sign of a return of demand for Bitcoin, either. As Glassnode explained, the trend reflects “persistently weak accumulation, particularly among larger entities, signalling that meaningful capital has yet to step back in.” It now remains to be seen how long the current neutral market behavior will continue and which way the next shift will lean. Related Reading: Bitcoin Capitulation Persists As Short-Term Holders Realize $0.48B Daily Losses BTC Price Bitcoin slipped under the $63,000 level on Tuesday, but the market has rebounded since then as the cryptocurrency’s price has returned to $65,300. Featured image from Dall-E, chart from TradingView.com
The crypto market turned positive over the past 24 hours, with broad participation across major assets and legacy altcoins. Total market capitalisation rose fro $2.19 trillion to $2.35 trillion as Bitcoin price stabilized above $68,000, and established tokens like Polkadot (DOT), Uniswap (UNI), and Cardano (ADA) posted notable gains. Besides, the Ethereum price secured $2000, …
Stakers who vote at least twice during their lock period would earn roughly 2% annualized rewards from the WLFI treasury.
The bill seeks to open up crypto investment options for public retirement plans and protect digital asset activities on an individual level.
World Liberty Financial’s USD1 is the fifth-largest stablecoin by market capitalization at $4.7 billion, while USDT is the market leader, followed by USDC.
The proposal details how banks, nonbanks and foreign issuers could operate stablecoins under U.S. banking supervision.
“They’ve heard the promises of institutional adoption for so long that they no longer register," said Bitwise's Matt Hougan.
Ether, solana, and cardano all outpaced bitcoin on the day, suggesting a rotation into higher-beta tokens as forced selling from the February crash begins to clear.
A governance proposal would activate protocol fees across eight additional chains and automate fee collection on all v3 pools, potentially adding an estimated $27 Million in annualized revenue.
Dogecoin started a major increase above $0.10 against the US Dollar. DOGE is now consolidating and might decline again if it fails to clear $0.1060. DOGE price started a fresh increase above $0.0950 and $0.10. The price is trading above the $0.10 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0988. Dogecoin Price Consolidates Gains Dogecoin price started a fresh increase after it settled above $0.0950, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 resistance to enter a positive zone. There was also a break above a bearish trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD pair. The bulls were able to push the price above $0.10. A high was formed at $0.1061 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $0.0910 swing low to the $0.1061 high. Dogecoin price is now trading above the $0.10 level and the 100-hourly simple moving average. If there is another increase, immediate resistance on the upside is near the $0.1028 level. The first major resistance for the bulls could be near the $0.1050 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward $0.1120. Any more gains might send the price toward $0.120. The next major stop for the bulls might be $0.1220. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1050 level, it could start a downside correction. Initial support on the downside is near the $0.10 level. The next major support is near the $0.0.988 level or the 50% Fib retracement level of the upward move from the $0.0910 swing low to the $0.1061 high. The main support sits at $0.0950. If there is a downside break below the $0.0950 support, the price could decline further. In the stated case, the price might slide toward the $0.0920 level or even $0.090 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0988 and $0.0.950. Major Resistance Levels – $0.1050 and $0.1120.
Stripe executives Patrick and John Collison expect blockchain network demands to increase significantly as adoption and use of AI agents grow in the future.
Bitcoin continues to struggle to push decisively above the $66,000 level as persistent selling pressure weighs on sentiment across the crypto market. Despite intermittent rebound attempts, momentum remains weak, with buyers showing limited conviction while volatility stays elevated. The broader environment — shaped by cautious liquidity conditions, macro uncertainty, and restrained risk appetite — has kept Bitcoin locked in a consolidation phase rather than a sustained recovery trend. Related Reading: Why XRP’s 0.16 Leverage Floor Ends The Era Of The Flash Crash – And the Hope for a Quick Recovery Increasingly, Bitcoin is not behaving like “digital gold,” a narrative that dominated market discourse for years. Instead of acting as a defensive asset during periods of economic stress, Bitcoin has recently traded in closer alignment with equity markets, particularly technology stocks. This correlation suggests that capital is treating Bitcoin more as a high-beta risk asset than as a store of value comparable to precious metals. This shift challenges a long-standing thesis within the crypto ecosystem. While the digital gold narrative remains influential, current price behavior indicates that liquidity cycles, institutional positioning, and broader macro risk dynamics are exerting stronger short-term influence. Whether Bitcoin eventually reclaims its perceived safe-haven role or continues behaving like a risk asset will likely depend on evolving macro conditions and investor positioning. Correlation With Nasdaq Highlights Structural Shift According to On-Chain Mind, Bitcoin’s correlation with the Nasdaq has structurally tightened since 2020, marking a significant shift in how capital allocates to the asset. While earlier cycles showed more episodic alignment, recent data reveals that BTC now frequently trades in tandem with technology equities. Notably, the sharpest correlation spikes have tended to coincide with broader market drawdowns, particularly during bear market phases. This pattern is critical. In theory, an asset positioned as “digital gold” would be expected to decorrelate from risk assets during periods of stress. Instead, the data suggests the opposite: when liquidity contracts and equities sell off, Bitcoin often follows. These synchronized declines indicate that institutional capital increasingly treats BTC as part of the broader risk complex rather than as an independent hedge. Whether this development aligns with ideological expectations is secondary. The reality is that capital flows, portfolio construction frameworks, and macro-driven positioning now play a dominant role in Bitcoin’s price formation. Large allocators appear to manage BTC exposure alongside growth equities, responding to the same liquidity signals, rate expectations, and volatility regimes. Until correlation regimes shift meaningfully, Bitcoin’s behavior is likely to remain closely tied to macro risk cycles rather than to traditional safe-haven dynamics. Related Reading: The $33 Billion Drain: Bitcoin Realized Cap Craters as Capital Abandons the Network for a Second Month Bitcoin Price Structure Shows Persistent Downtrend Pressure Bitcoin continues to trade under clear technical pressure, with price action struggling to reclaim the $66,000–$67,000 zone after a sharp corrective move from late-2025 highs. The weekly chart shows a decisive break below the 50-week moving average, followed by rejection near that level, which now acts as dynamic resistance rather than support. This shift typically reflects weakening medium-term momentum. Price is currently hovering just above the 200-week moving average, a level historically associated with major cycle support. While this area often attracts strategic buyers, repeated tests without strong rebounds can weaken its effectiveness. Volume spikes during recent downside moves suggest distribution rather than accumulation, although confirmation would require sustained follow-through. Related Reading: The Saylor Discount: Why Bitcoin Trading Below Strategy’s Realized Price is a Gift for Late-Cycle Allocators Market structure also shows a sequence of lower highs since the peak near the $120K region, indicating that bullish continuation has stalled. Until Bitcoin reclaims the mid-$70K range and stabilizes above key moving averages, rallies may remain corrective rather than trend-reversing. That said, proximity to long-term support means volatility could increase. Either a structural rebound or a deeper capitulation phase remains possible, depending largely on liquidity conditions, macro sentiment, and institutional positioning in the coming weeks. Featured image from ChatGPT, chart from TradingView.com
XRP price started a decent increase above $1.40. The price is now consolidating gains and might aim for more gains above the $1.50 zone. XRP price started a decent upward move above the $1.420 zone. The price is now trading above $1.4250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.3820 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.50. XRP Price Rally Reaches Resistance XRP price started a fresh upward move above $1.40 and $1.420, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.450 resistance. There was a break above a key bearish trend line with resistance at $1.3820 on the hourly chart of the XRP/USD pair. The bulls even pumped the price toward the $1.50 zone. A high was formed at $1.4936 and the price started a consolidation phase. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.3125 swing low to the $1.4936 high. The price is now trading above $1.420 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.460 level. The first major resistance is near the $1.50 level, above which the price could rise and test $1.5450. A clear move above the $1.5450 resistance might send the price toward the $1.650 resistance. Any more gains might send the price toward the $1.720 resistance. The next major hurdle for the bulls might be near $1.80. Another Decline? If XRP fails to clear the $1.460 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.420 level. The next major support is near the $1.4030 level or the 50% Fib retracement level of the upward move from the $1.3125 swing low to the $1.4936 high. If there is a downside break and a close below the $1.4030 level, the price might continue to decline toward $1.3820. The next major support sits near the $1.3430 zone, below which the price could continue lower toward $1.320. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.420 and $1.4030. Major Resistance Levels – $1.460 and $1.50.
The governance staking overhaul could enhance decentralized decision-making and align long-term incentives, potentially boosting platform stability.
The post Trump-backed World Liberty plans governance staking overhaul to reward active participation appeared first on Crypto Briefing.
The crypto markets are sitting in a mood that rarely looks like hope. Fear sits very high, and that kind of fear has traders asking whether the worst is already behind them or still to come. Extreme Fear And Market Signals Reports note the Crypto Fear & Greed Index recently hit a low of 11, one of the weakest readings this year. That kind of reading has shown up near big turns before, but it is not a guarantee of an instant rebound. Related Reading: Bullish Signal? Coinbase Bitcoin Premium Turns Positive After Months In Red Some pieces of market data point to deeper stress — consumer credit trouble, weak housing figures, and loan strain — while other parts of the market, especially certain tech sectors, have kept rising. One analyst warns that what looks like calm at the surface may be hiding pressure underneath. Jesse Eckel argues the broader economy has been dragged forward by gains in AI-driven stocks, even though many everyday measures show strain. His view: investors who want exposure to AI’s upside may find it easier to chase smaller crypto tokens than to buy into giant tech firms. AI Speculation Spreads To Smaller Tokens That logic is simple. Big tech stocks are expensive. Smaller crypto projects promise bigger upside for retail traders who want a quick win. Analysts say this pattern could push money into crypto rails when mania returns, and that retail buyers often prefer instruments that feel close at hand and cheap. Yet there is a difference between wanting a bet and finding a solid reason to make one, and that difference matters to outcomes. A Paid Model’s Bold Numbers Some forecasts backing the bullish case come from an AI model accessed by market participants. The model gave numbers that look dramatic: roughly $155,000 for Bitcoin by the end of 2026 and about $240,000 by 2027. Those figures are treated as directional estimates, not precise promises, and the analyst using the model stressed they should guide thinking rather than dictate it. How This Might Play Out If money does rotate from expensive tech shares into speculative crypto bets, the flow would likely start small and then build as headlines and social chatter amplify the move. Related Reading: Is Bitcoin The Poor Man’s Hedge Against Inflation? Coinbase CEO Thinks So That could lift small tokens first. Big moves often happen after long stretches where few people expect them. But the timing is hard to pin down. Market sentiment can stay negative for a long time even when conditions for a rebound are present. Featured image from Unsplash, chart from TradingView
The crypto market is showing fresh signs of strength, and veteran trader Gareth Soloway says a short-term rally may have more room to run, even though he is not calling for a full bull market just yet. “Charts are unbiased,” he explained. “If I see a bullish pattern, I trade it long. If I see …
“The goal is to decouple slots and finality, to allow us to reason about both separately,” explained Ethereum co-founder Vitalik Buterin.
Ethereum price started a major rally above the $2,000 resistance. ETH is now correcting gains from $2,150 and might decline to $2,000. Ethereum started a fresh upward move above the $1,950 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 zone. Ethereum Price Rallies Over 15% Ethereum price managed to form a base and traded above the $1,920 resistance, like Bitcoin. ETH price rallied above the $2,000 and $2,020 resistance levels. There was a break above a bearish trend line with resistance at $1,920 on the hourly chart of ETH/USD. The bulls even pumped the price above $2,100. A high was formed at $2,158 before there was a sharp downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high. Ethereum price is now trading above $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,000, the price could attempt another increase. Immediate resistance is seen near the $2,080 level. The first key resistance is near the $2,120 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,975 zone or the 50% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high. A clear move below the $1,975 support might push the price toward the $1,930 support. Any more losses might send the price toward the $1,900 region. The main support could be $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,975 Major Resistance Level – $2,150
Aave continues to lead DeFi lending, with $27.2 billion in user value secured and $83.3 million in fees over the past 30 days, nearly four times more than its closest competitor.
The GENIUS Act will take effect on the earlier of 18 months after enactment, which would make it Jan. 18, 2027.
Ethereum has faced persistent selling pressure throughout the year, with price action repeatedly failing to reclaim the $2,000 level. Despite intermittent rebound attempts, momentum has remained weak, reflecting cautious sentiment across both retail and institutional participants. The broader market environment — characterized by tightening liquidity, macro uncertainty, and subdued risk appetite — has further complicated Ethereum’s recovery path, leaving the asset locked in a fragile consolidation phase. Related Reading: Why XRP’s 0.16 Leverage Floor Ends The Era Of The Flash Crash – And the Hope for a Quick Recovery Recent on-chain data has added another layer to this narrative. According to blockchain analytics platform Arkham, Ethereum co-founder Vitalik Buterin has sold an additional 675.88 ETH, worth roughly $1.25 million, in the past several hours. Over the last month alone, his total ETH sales have reached approximately 11,422 ETH, equivalent to about $23.33 million at prevailing market prices. Buterin remains one of the most influential figures in the Ethereum ecosystem, widely recognized as the protocol’s principal architect and a key voice in its technical and strategic direction. Transactions associated with such prominent insiders often attract attention because they can influence market sentiment, even when motivated by operational, philanthropic, or diversification needs rather than outright bearish positioning. Vitalik’s Ethereum Distribution Progress Nears Completion On-chain tracking suggests that Vitalik Buterin’s recent transactions are part of a broader planned distribution totaling approximately 16,384 ETH. Based on the latest observed transfers, roughly 70% of that amount appears to have already been executed. This leaves an estimated 4,962 ETH — valued near $9.5 million at current prices — potentially still pending. While these figures depend on wallet attribution accuracy, they provide a useful framework for interpreting recent market flows. From a market-structure perspective, such activity does not automatically imply directional intent. Large transfers from prominent figures often trigger short-term sentiment reactions because participants anticipate potential sell-side liquidity. However, historical precedent shows that founder-related transactions frequently relate to treasury management, ecosystem funding, or diversification rather than speculative positioning. In the near term, awareness that additional ETH may still enter the market can contribute to cautious positioning among traders, particularly in a fragile liquidity environment. Some participants may reduce exposure preemptively, which can amplify volatility even if actual selling volume remains moderate relative to total market depth. At the same time, markets typically absorb known supply events over time. If the remaining distribution proceeds gradually and demand remains stable, the overall price impact may remain contained rather than structurally bearish. Related Reading: The $33 Billion Drain: Bitcoin Realized Cap Craters as Capital Abandons the Network for a Second Month Price Tests Long-Term Support As Weekly Momentum Remains Under Pressure Ethereum continues to trade under sustained pressure, with price now hovering near the $1,900 zone after failing to reclaim the $2,000 psychological threshold. The weekly chart shows a clear loss of momentum following the rejection near the $3,500–$4,000 region earlier in the cycle, with lower highs and lower lows defining the current structure. This pattern typically reflects a transition from expansion to consolidation or corrective behavior rather than an immediate trend reversal. From a moving-average perspective, ETH is trading below the 50-week and 100-week averages, both of which are beginning to slope downward. This alignment generally signals weakening intermediate-term momentum. The 200-week average remains below price but is approaching as potential structural support, making this zone particularly relevant for longer-term positioning. Related Reading: The Saylor Discount: Why Bitcoin Trading Below Strategy’s Realized Price is a Gift for Late-Cycle Allocators Volume dynamics suggest increased activity during recent selloffs, indicating distribution rather than passive consolidation. However, there are early signs of stabilization as volatility compresses, often a precursor to either continuation or a relief rebound. If Ethereum fails to reclaim the $2,000–$2,200 region convincingly, downside probes toward the long-term average remain plausible. Conversely, sustained acceptance above that level would be required to rebuild bullish momentum and restore confidence among sidelined capital. Featured image from ChatGPT, chart from TradingView.com
Bitcoin price started a major increase above $68,000. BTC is now struggling to clear the $70,000 resistance and might correct some gains. Bitcoin started a fresh increase after it settled above the $67,000 support. The price is trading above $67,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,500 and $67,200 levels. Bitcoin Price Rallies 10% Bitcoin price managed to form a base above the $66,000 zone. BTC started a fresh increase and was able to surpass the $67,000 resistance zone. The price even rallied above the $68,000 resistance. Finally, the bears appeared near $70,000. A high was formed at $70,000, and the price is now correcting gains below the 23.6% Fib retracement level of the upward move from the $62,500 swing low to the $70,000 high. Bitcoin is now trading above $67,500 and the 100 hourly simple moving average. If the price remains stable above $67,500, it could attempt a fresh increase. Immediate resistance is near the $68,500 level. The first key resistance is near the $69,200 level. A close above the $69,200 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $71,200 level. The next barrier for the bulls could be $72,200 and $72,500. Another Decline In BTC? If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support is near the $67,500 level. The first major support is near the $67,200 level or the 50% Fib retracement level of the upward move from the $62,500 swing low to the $70,000 high. The next support is now near the $66,250 zone. Any more losses might send the price toward the $66,000 support in the near term. The main support now sits at $65,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $67,500, followed by $67,200. Major Resistance Levels – $68,500 and $69,200.
Vitalik Buterin is continuing his planned Ethereum sales, even as the market rallies sharply. According to on-chain tracking platforms Lookonchain and Onchain Lens, Buterin recently sold another 4,458 ETH worth approximately $8.92 million. This latest transaction brings his total progress to 97% completion of a previously disclosed plan to sell 16,384 ETH. Only 504 ETH, …
ETHZilla will now go by Forum in its second rebrand in less than 12 months as it looks to catch a windfall from the hype around tokenization.