Cryptocurrency

Following the recovery patterns observed in previous bull markets, Bitcoin has risen more than 300% since its 2024 low of about $25,000. During these cycles, Bitcoin’s ROI (Return on Investment) has historically grown exponentially, frequently reaching new all-time highs. Even at its current price of almost $100,000, Bitcoin has potential for further increase.The Bitcoin rally in 2017 and 2021 went far beyond its initial 300% recovery, ultimately driving ROI to 15 times or more from the cycle’s bottom. A $200,000 target doesn’t seem out of the question if Bitcoin were to follow a similar trajectory. Such expansion would be consistent with its past performance, in which rallies propelled by momentum and rising adoption raised its valuation.The road to $200,000 won’t be without obstacles though. The $100,000 mark has already caused early investors to take profits because it serves as psychological resistance. Volume during recent declines emphasizes this pattern, indicating that short-term traders are profiting from Bitcoin’s increases.For indications of ongoing buyer interest, it is important to keep a close eye on key support levels at $93,000 and $84,000. The impending 2024 Bitcoin halving is one of the factors propelling the cryptocurrency’s upward potential. Events involving halving have historically decreased the supply of Bitcoin while igniting investor optimism. A favorable environment for Bitcoin’s growth may also be produced by growing institutional adoption and possible regulatory clarity.This article was originally published on U.Today More

For instance, the Bitcoin (BTC) price macro chart looks too different from the “Internet bubble” of 1990s that registered zero years in red. Neither overhyped MicroStrategy journey in crypto should be treated as a signal of a “bubble phase.”Instead, Visser recalled 2020-2021 NFT and early meme coin frenzies as textbook examples of what bubbles might look in crypto. They were accompanied by euphorias in media and splendid performance of all classes of altcoin assets:As such, altcoin statistics of this cycle also confirm that we are very far from reaching the top. As covered by U.Today previously, the ETH/BTC rate, a crucial indicator for the altcoin segment, set a multi-year low in recent weeks right before the Bitcoin (BTC) jump over $100,000.Ethereum (ETH) was not so cheap against Bitcoin (BTC) since April 2021. Visser admitted that despite ETH being back over $4,000, it still fails to revisit its ATH.Despite all controversy and regulatory hostility, crypto ETFs became the fastest-growing products in the entire ETF history.That being said, to register a proper “bubble” status, the Bitcoin (BTC) price needs to rally against MAG7, an index of top tech stocks including Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META) and Tesla (NASDAQ:TSLA).This particular process — parabolic growth of the BTC/MAG7 rate — marked the top for the last two Bitcoin (BTC) price cycles, seasoned CIO concluded.This article was originally published on U.Today More

He revealed what may be the most likely key driver for the very first Omega candle, which will push the price of the world’s flagship cryptocurrency toward $1 million. His prediction has to do with Michael Saylor’s Bitcoin-focused company, MicroStrategy.Mow expects the first Omega candle for Bitcoin to happen thanks to a gamma squeeze on MicroStrategy stocks. Gamma squeeze is related to options trading and it happens with a great number of call options (which indicate a bet on a price increase) gets bought. When this happens, market makes are forced to hedge the risks and they begin to buy the stock itself which backs the options. This drives the stock’s price higher. This is what Mow expects to happen to MSTR and then he expects this to push the Bitcoin price up.Meanwhile, MicroStrategy is not slowing down its strategic Bitcoin purchase plan, regularly adding more BTC to its stash.Mow explains that by dollar-sat parity he means the approximate purchasing power of the dollar in the present day. “A dozen eggs will be 2-3 sats,” he tweeted.He added that this will happen if the remaining Bitcoin is divided “equally between everyone on the planet.” It is already impossible to divide the 21 million BTC “equally” because of current holders. The actual number of BTC that the average person might end up with per Mow is likely 10-50K Sats.This article was originally published on U.Today More

The sharp red candle that follows the $100,000 test on the given chart indicates significant profit-taking by investors. This suggests that a lot of traders and holders took advantage of the chance to lock in profits, which led to selling pressure and kept Bitcoin from decisively breaking through the six-figure mark. Bitcoin is still above important support levels, such as $92,000, which could serve as a basis for additional upward movement in spite of this. Technically, Bitcoin is still trading above its upward-trending 50-100 and 200-day EMAs. Even in the case of brief market consolidation, this bullish alignment indicates that the overall upward trend is still in place. A slight overbought condition is also indicated by the RSI, suggesting that a cooldown may occur prior to any notable higher movements.Bitcoin must overcome the existing resistance levels and spark fresh buying interest in order to make a convincing break above $100,000. This will probably rely on a mix of improved macroeconomic circumstances, more institutional involvement and less profit-taking pressure to sell. It is impossible to completely rule out a short-term decline, but Bitcoin’s future is still bright. As a store of value and inflation hedge, the cryptocurrency has proven resilient and is still gaining popularity. Holding $92,000 and $85,000 would bolster Bitcoin’s case for another rally attempt, making them important support levels to keep an eye on.Ethereum’s gradual recovery over the past few weeks is depicted in the provided chart. The asset’s ascent has a strong basis thanks to the bullish alignment of key moving averages such as the 50-day and 200-day EMAs.However, as Ethereum gets closer to $4,000, the volume profile points to a minor drop in buying interest, suggesting that traders may be hesitant at these prices. Ethereum is still in a strong position for future expansion in spite of this.Having maintained higher highs and higher lows — two hallmarks of a persistent bullish trend — the asset has effectively exited a protracted consolidation phase. A break above $4,000 might open the door for a short-term move toward $4,300 or higher if Ethereum can generate enough buying pressure.But it is important to consider the dangers of a brief retracement. In the event that Ethereum is unable to break $4,000 with conviction, the market may retreat to support levels of $3,700 or even $3,400. Additionally, the RSI’s presence in the overbought area suggests that there may be a cooldown prior to a subsequent leg up.Ethereum’s next rally phase will be determined in large part by on-chain metrics. Ethereum might reach $4,000, with the help of an increase in staking activity transactions or active addresses.Ethereum is still in a crucial stage right now. Even though the momentum of the rally has slowed around $4,000, the asset still has room to grow. At these levels, traders should keep a close eye out for any indications of weakness or a clear breakout to determine the next course of action.Solana’s alignment above the major moving averages, such as the 50-100 and 200-day EMAs, supports its decisive crossing of the downtrend resistance line on the price chart. These indicators point to a continued upward trend and indicate that the overall trend is still bullish. The recent surge highlights buyer confidence and suggests that Solana may soon retest its prior highs. The decreasing volume that accompanies this breakout, however, raises questions regarding the move’s strength. A breakout supported by rising volume usually indicates strong market activity and long-term viability. The declining volume in Solana’s instance can be a sign of buyers waning interest or hesitancy, which might restrict future upside potential.A recovery in trading volume and activity is essential for Solana to solidify its breakout and clear the path for a move toward $260 and beyond. The strength of Solana’s breakout should be evaluated by investors by keeping an eye on important support levels and looking for indications of growing market participation.This article was originally published on U.Today More

WASHINGTON (Reuters) -U.S. President-elect Donald Trump’s crypto policy is taking shape with the announcement of a White House crypto czar and a new securities watchdog, but questions remain over who will drive policy and whether too many cooks could slow down changes.Trump on Thursday appeared to make good on his campaign pledge to be a “crypto president,” announcing he would make former top PayPal (NASDAQ:PYPL) executive and crypto evangelist David Sacks “White House A.I. & Crypto Czar.” A day earlier, Trump said he would nominate pro-crypto Washington attorney Paul Atkins to head the Securities and Exchange Commission. While crypto executives cheered the news, saying the pair would end the Biden administration’s crypto crackdown and promote innovation, some Washington analysts said the creation of a crypto czar, a new role, sowed ambiguity over who would drive crypto policy and flagged the potential for policy clashes. “One big question is whether the policy will be driven by Sacks himself. A czar appointed by Trump is going to want to see changes fairly quickly, but the SEC has processes and you can’t just snap your fingers at the SEC and have new rules,” Ian Katz, managing director of Capital Alpha Partners, said in an email to Reuters. “Personalities will be important,” he added.A Silicon Valley venture capitalist and friend of Trump billionaire backer Elon Musk, Sacks was an early bitcoin investor. In a 2017 CNBC interview, he said cryptocurrencies were revolutionizing the internet, but he acknowledged there were also scammers in the sector. He does not appear to have any experience writing or leading policy, according to a Reuters review of his background. Atkins, meanwhile, is a former SEC official and respected veteran of Washington policy circles who has said he supports crypto innovation as way to boost financial services competition, and has helped crypto companies in their dealings with regulators via his consultancy Patomak Global Partners (NYSE:GLP). “Atkins is kind of a known quantity,” said Lene Powell, senior legal analyst at financial consultancy Wolters Kluwer (AS:WLSNc). Sacks is from “a different sphere.” Both have called for regulators to be more accommodating of crypto companies, but neither appear to have taken a position on whether and under what circumstances crypto tokens should be considered securities, commodities or utilities – a core issue that will ultimately decide how the industry is regulated. “I think we’ll see more constructive regulation. Obviously, that includes some clarification around what is (a) security or not,” said Chen Arad, co-founder of Solidus Labs, a crypto compliance company. Atkins and Sacks did not immediately respond to requests for comment.Bitcoin, the world’s largest cryptocurrency, surged past the $100,000 milestone for the first time after Trump announced Atkins as his pick to lead the SEC, buoyed by hopes that the new administration would usher in softer crypto policies. Under President Joe Biden, the SEC has sued dozens of crypto companies, alleging they broke securities laws, while bank regulators discouraged lenders from dabbling in crypto and Congress failed to pass legislation that would help promote mainstream crypto adoption.The crypto industry is pushing for an ambitious raft of policies that would promote adoption of digital assets, including the creation of a crypto regulatory framework which would address when tokens can be classified as securities or commodities.Trump said in a Thursday post on his Truth Social platform that Sacks would “guide” crypto policy and “work on a legal framework so the Crypto industry has … clarity,” leaving it unclear whether Sacks would lead the incoming administration’s crypto policy. It was also unclear whether Sacks will lead Trump’s crypto advisory council, which is also expected to play a key role in shaping crypto policy. Reuters previously reported the crypto czar was expected to lead that body and coordinate policy among the various regulatory agencies. That coordination will be crucial, since a crypto legal framework would need extensive input from the SEC and the Commodity Futures Trading Commission, whose new chair has yet to be announced, and may also require congressional approval, said lawyers.Regulations on less contentious non-crypto issues such as proprietary bank trading and capital have been snarled up for years by inter-agency squabbles, they noted.”It definitely would be a lot of cooks,” Powell said. In an email on Friday, a Trump transition spokesperson reiterated the President-elect’s Thursday announcement in which he said Sacks would guide crypto policy, and did not answer Reuters questions seeking more details on how the role would work. Some consumer protection advocates have expressed concern that the Trump administration’s crypto agenda might create gaps that would leave investors at risk, a fear the industry has largely dismissed. “I don’t think there will be under-regulation,” said Anthony Scaramucci, the founder of asset manager SkyBridge, who briefly served in Trump’s first administration. “I don’t think it will create fraud, but I think it will help the United States maintain what it should be, which is our mantle of financial services leadership.” More

Pepeto: Low Price and Big Announcements AheadPepeto has captured the crypto community’s attention with its compelling story and utility. Currently priced at just $0.000000096, Pepeto offers an affordable entry point, with five days left in its current presale stage. Pepeto has also teased major upcoming announcements, further fueling speculation and interest. Its combination of narrative-driven appeal, advanced utilities like a cross-chain bridge and zero-fee exchange, and a rapidly growing community can make it a noticeable opportunity in the memecoin space. Pepeto: Community and Adoption for the Memecoin EraPepeto has made a wave of excitement across the crypto space, driven by its captivating story tied to the six documents—P, E, P, E, T, and O—that define its vision. This narrative has rallied a vibrant and growing community, as evident across its active social media platforms. Pepeto’s adoption utility stands out, positioning it as a possible exchange for the next generation of frog-themed and memecoin projects. By offering a seamless platform for trading, bridging, and listing, Pepeto aims to empower the wave of innovative frog-inspired tokens.Pepe Unchained: Scaling Memecoins with Layer 2 and Upcoming ListingsPepe Unchained brings a focus on Layer 2 technology, offering enhanced scalability and efficiency for blockchain transactions. This technical foundation positions the project to support higher transaction volumes and smoother operations, especially during peak market activity. With its presale now completed, Pepe Unchained is building momentum as it prepares for its official listing in less than four days. This milestone marks an important step in delivering value to both its community and the broader memecoin ecosystem.Two Major Announcements PendingPepeto has hinted at two significant announcements on the horizon. These announcements are hinted to include a potential exchange listing and the beta version launch of PepetoSwap, the project’s core utility.By adhering to its roadmap, Pepeto works to continue to build trust and excitement within its growing community. The upgraded platform will soon serve as the foundation for the bridge and exchange functionalities, offering a vital resource for the next generation of blockchain projects. Link to the roadmap: https://pepeto.io/en#roadmapPepeto Nears $2 Million Milestone (WA:MMD) in PresalePepeto’s presale is rapidly approaching the $2 million mark. This achievement can highlight the community’s confidence in Pepeto’s vision and utility, which includes its advanced bridge, zero-fee exchange, and staking rewards. With its low presale price and an ecosystem designed to support the next generation of memecoins, Pepeto aims to become a standout project in the lead-up to the 2025.Youtube link: https://www.youtube.com/watch?v=rm97G0v980APepeto: Building Momentum for the Future of MemecoinsPepeto’s steady progress reflects its commitment to delivering value and innovation to its community. From unveiling the anticipated PepetoSwap to upgrading its official website, every step underscores the team’s focus on creating meaningful utilities. With the beta launch of its bridge and exchange on the horizon and major announcements fueling excitement, Pepeto is positioning itself as a key player in the crypto space, paving the way for widespread adoption and collaborative growth in the memecoin ecosystem.About PepetoPepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.Disclaimer:The official website for Pepeto is https://pepeto.io/. Be cautious of fraudulent websites.To learn more about Pepeto’s progress and upcoming features, users can visit the official website and Pepeto official socials – https://pepeto.io/Official Website: https://pepeto.io/Social Media:This article was originally published on Chainwire More

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This movement of over 85,000 BTC is the highest since February 2024. In February, the BTC price was still below the previous all-time high (ATH) of $73,000.This recent movement might trigger price movement, as it occurred in February before Bitcoin hit an ATH about two months later.Despite the historical significance of miner activity, Santiment holds a different view. The platform emphasized that mining wallets have not strongly influenced Bitcoin’s price for much of 2024. This could mean that other market forces, such as whale action or institutional players, are playing a more dominant role.Sentiment maintains that the extreme drop should be a “net-neutral” signal. That is, the development is neither bearish nor bullish.As of this writing, Bitcoin price was trading for $99,091.99, a decrease of 4.27%. Bitcoin had dropped from its historic $100,000 psychological level in earlier trading. The world’s leading asset had dropped to a low of $94,035 before rebounding in the market.This article was originally published on U.Today More