The cryptocurrency market is bracing for potential volatility as it turns its focus to critical U.S. inflation and employment reports amid shifting economic conditions. As Bitcoin hovers near the $104,000
Bitcoin price may reach new heights if certain market conditions are met. Key resistance and whale transaction levels play a critical role in price movements. Continue Reading: Will Bitcoin Approach $123,000? Discover Key Conditions Now! The post Will Bitcoin Approach $123,000? Discover Key Conditions Now! appeared first on COINTURK NEWS .
According to SaylorTracker, MicroStrategy is up over 65% all-time on its Bitcoin investment and is trading at a net asset value of 1.73x.
The Federal Reserve, through its spokesperson Gursbi, has emphasized its legal limitations concerning the acquisition of Bitcoin reserves. As articulated on January 31, the central bank cannot incorporate cryptocurrencies into
“With Trump’s inauguration festivity behind, the crypto market is shifting focus" to U.S. inflation and jobs reports, said a BitBank analyst.
The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin
Cardano (ADA) has been trading below the $1 mark for the past few days, fueling uncertainty and speculation among investors. As the broader market experiences shifting sentiment, ADA remains in a tight consolidation phase, leaving traders eager for its next move. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means However, market conditions have improved, and bullish sentiment is returning as Bitcoin flirts with a potential rally. With BTC leading the way, analysts believe altcoins like ADA could soon follow, setting the stage for a major breakout. Top crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern. This formation typically signals an upcoming breakout, though the direction remains uncertain. If ADA breaks above key resistance, a strong rally could follow. However, failure to hold support could result in further downside movement. As the crypto market turns bullish, all eyes are on ADA’s price action to determine whether it can finally reclaim the $1 level and start a new uptrend. The coming days will be crucial in deciding whether Cardano can break out of its consolidation phase and join the broader market rally. Cardano Consolidates After 25% Drop Cardano (ADA) has been under significant selling pressure since mid-January, experiencing a steep decline of over 25%. Market volatility has kept ADA trading below the $1 mark, a psychological level that has become a key battleground for bulls and bears. However, analysts are now calling for a recovery as altcoins begin to regain strength, signaling a potential turnaround for Cardano. Crypto analyst Ali Martinez shared a technical analysis on X, revealing that Cardano is consolidating within a symmetrical triangle pattern, a formation often preceding a large breakout. According to Martinez, a decisive breakout from this pattern could trigger a 40% price move, bringing renewed momentum to ADA. If Cardano reclaims the $1 level and continues to push higher, buying pressure will increase, potentially driving ADA toward multi-year highs. A successful breakout would confirm strong demand and signal the start of a new bullish phase for the altcoin. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level With Bitcoin leading the market upward and altcoins showing strength, ADA could be on the verge of a significant rally. The coming days will be crucial as investors watch whether Cardano can break out of consolidation and join the broader market surge. ADA Struggles Below $1 Cardano (ADA) is currently trading at $0.95 after failing to reclaim the $1 mark, a critical resistance level. The price has not closed above $1 since January 21, reinforcing it as a major hurdle for bulls. If ADA is to start a rally, buyers must push the price above $1 and hold it as support. This would confirm a trend shift and potentially trigger a move toward the $1.15 level, which has kept ADA suppressed for weeks. A breakout above this range could pave the way for strong bullish momentum and a rally into multi-month highs. However, risks remain. If ADA fails to hold above $0.90, selling pressure could intensify, leading to a deeper correction and prolonged consolidation before another breakout attempt. Losing this key support level could send ADA back to lower demand zones, delaying any significant upside moves. Related Reading: Solana ‘Still Wants Lower’ As Meme Coins Face A Major Shakeout – Analyst For now, investors are watching closely to see if ADA can reclaim key resistance levels or if another pullback is on the horizon. The next few days will be critical in determining Cardano’s short-term direction. Featured image from Dall-E, chart from TradingView
A closely followed crypto analyst believes digital assets will remain in a bullish trend for a longer duration than in previous cycles. In a new strategy session, crypto trader Michaël van de Poppe tells his 768,800 followers on the social media platform X that Bitcoin ( BTC ) and Ethereum ( ETH ) could hit massive new all-time highs if the current bull market extends beyond what many are predicting. “I think that there’s a significant chance that this cycle will be longer and go higher than everybody expects. We’ve had the longest bear market on altcoins. Why not have the longest, final bull market on them? Bitcoin to $500,000 and Ethereum to $20,000. Sign me up.” The trader says the cycle peak could arrive as late as 2027 and that Bitcoin may become less volatile as it continues upward. “I don’t think we’ll have many 30% corrections on Bitcoin during this cycle. The markets become larger, through which a lot more liquidity is added and Bitcoin becomes more ‘boring.’ Just a gradual upward pace. Either Bitcoin peaks in Q4 2025 or somewhere beginning 2027.” Bitcoin is trading for $104,600 at time of writing, flat on the day. Meanwhile, Ethereum is trading for $3,268 at time of writing, up 4.1% in the last 24 hours. Lastly, the trader says several altcoins may soon follow the lead of layer-1 blockchain network Sui ( SUI ) and start breaking out. He says bullish divergence is starting to appear on the three-day charts against Bitcoin for several alts, including Optimism ( OP ), Wormhole ( W ) and Omni Network ( OMNI ). A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “The markets start to signal massive signals that utility coins and ETH ecosystem is the next one to thrive. Why? SUI marked strong bullish divergences on HTF (high timeframe) levels at the lows resulting in 200% and 500% moves against Bitcoin. The same can now be seen on OP, W, OMNI and more.” Source: Michaël van de Poppe/X Source: Michaël van de Poppe/X Sui is trading for $4.15 at the of writing, up 8.6% in the last 24 hours, while OP is trading for $1.45 down about 1% on the day. Meanwhile, W is trading $0.24 at time of writing, up 14.4% in the last 24 hours, and OMNI is trading for $7.15, up 1.5% on the day. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Says Crypto Prices To Go Higher for Longer This Cycle – Here Are His Targets for Bitcoin and Ethereum appeared first on The Daily Hodl .
The stablecoin market cap has reached a record high of over $200 billion, according to CryptoQuant, signaling potential bullish momentum for the broader cryptocurrency sector. Stablecoin Market Surpasses $200 Billion, Raising Crypto Rally Expectations Stablecoins (digital assets pegged to traditional currencies like the US dollar) serve as a crucial source of liquidity for crypto markets, allowing investors to move their funds efficiently between different assets. The stablecoin market has grown by $37 billion since early November, when Donald Trump won the US election, CryptoQuant reported. The firm suggests that this liquidity expansion could trigger the next push for Bitcoin and other cryptocurrencies. “The next rally for Bitcoin and crypto prices could be around the corner as stablecoin liquidity begins to expand again,” CryptoQuant analysts wrote. Tether and USDC Dominate the Stablecoin Market The two largest stablecoins, Tether (USDT) and USD Coin (USDC), continue to drive market growth: Tether (USDT) remains the dominant force with a market cap of $139 billion, up 15% since November. USD Coin (USDC) grew at a rapid pace of 48%, reaching a market value of $52.5 billion. USDT’s 30-day liquidity change turned slightly positive after shrinking by 2% earlier this year. Meanwhile, USDC’s liquidity increased by 20%, its fastest growth rate in a year. The expanding stablecoin supply comes alongside a strong rally in Bitcoin (BTC) and the overall crypto market: The price of Bitcoin has increased by over 50% in recent months. According to TradingView's Total market cap metric, total crypto market capitalization has increased from $2.2 trillion to $3.5 trillion. Analysts view the surge in stablecoin supply as a bullish signal indicating growing investor demand and fresh capital entering the crypto market. As liquidity expands and institutional interest accelerates, the next major crypto rally could be just around the corner. *This is not investment advice. Continue Reading: Stablecoin Market Breaks Record by Reaching $200 Billion! Is It a Sign of a Rise? Here Are the Details
Ukrainian authorities have blocked access to Kuna, the country’s first crypto exchange, operational since 2014. Kuna, Ukraine’s oldest crypto exchange, shut down just days after authorities quietly blocked access to its platform without offering any explanation. The news came from Kuna’s founder and CEO, Michael Chobanian, who said in Telegram posts that he wasn’t informed by authorities and only found out about the ban when users started reporting the issue. The restriction follows an order issued by Ukraine’s State Service of Special Communications and Information Protection. The order directs Ukrainian’s internet service providers to block access to Kuna’s domain as well as its subdomains. The directive cites a decision by the Shevchenkivskyi District Court of Kyiv and a request from Ukraine’s Bureau of Economic Security, though it doesn’t specify what the case against Kuna is about. The order states that the restriction will remain in effect until martial law in Ukraine is lifted. Founded in 2014, Kuna became one of Ukraine’s well-known platforms to trade cryptocurrencies like Bitcoin ( BTC ) and Ethereum ( ETH ). Over the years, it played a key role in facilitating crypto adoption in the country. For instance, in early 2022, Kuna partnered with Ukraine’s Ministry of Digital Transformation and created a special dedicated Crypto Fund for Ukraine which accumulated over $100 million worth of crypto donations to support the Ukrainian army. You might also like: Binance recommends P2P as Ukraine suspends fiat deposits on exchanges In a Telegram post on Jan. 24, Chobanian said that most internet providers in Ukraine had already enforced the block. “What we know for now: most providers have already complied with the SSSCIP requirement, which means it’s only a matter of time before the remaining telecom operators follow suit.” He also pointed out that neither he nor anyone from Kuna was invited to court for the decision. “We were not called to court, as you can imagine, and we learned about the blocking from users in Ukraine,” Chobanian wrote. Despite the restriction, he reassured users that Kuna’s infrastructure is hosted on cloud servers in Europe, meaning that only users inside Ukraine are affected. While it’s still unclear why Kuna was banned, Chobanian made another post on Jan. 30 announcing the exchange’s closure and telling users they have two months to withdraw their funds. He also made it clear that the ban came after he failed to pay kickbacks to a Ukrainian law enforcement agency that was desperate to find money “at any costs” to fund the country’s economy. “Unfortunately, I didn’t manage to meet with all the [law enforcement] agencies. I’m familiar with all the law enforcement officers in Ukraine, except for the Economic Security Bureau of Ukraine. Well, in our country, it’s the usual thing for law enforcement agencies to get to know through raids, as a rule. But since I’m not in Ukraine, and it’s extremely difficult to raid a virtual thing, that’s why they blocked the domain.” Michael Chobanian According to Ukrainian news outlets , the Economic Security Bureau of Ukraine is investigating Kuna for alleged tax evasion. Officials reportedly claim a forensic audit confirmed “intentional tax evasion,” leading to a court decision to block the platform. A law enforcement source told local media that Ukraine’s potential losses amount to around 50 million hryvnia (approximately $1.3 million) due to the tax evasion. Now, Chobanian says he wants to focus on symbiocracy, a government model where people manage themselves while considering all of Earth’s interconnected systems, using artificial intelligence and nature. He’s also shifting his attention to AI and “public social activity.” Because of this change in priorities, he announced that as of Jan. 30, Kuna has shut down all of its commercial operations. Crypto.news reached out to the Kuna team multiple times but didn’t get a response. Still, despite the ban, the Kuna founder remains optimistic, urging the community to focus on global trends and pointing to the growing interest in Bitcoin from the Trump administration. “Crypto enthusiasts in Ukraine don’t need to be told how to use crypto freely, so we are watching the crypto revolution in the U.S., Bitcoin being added to foreign exchange reserves, and the price of the TRUMP memecoin.” Michael Chobanian Back in August 2024, Chobanian went off on Ukraine’s central bank, saying the National Bank of Ukraine had basically “killed” the local crypto market, pushing him to turn his focus to Europe. He called the state of Ukraine’s crypto scene a disaster and blamed it on the bank’s strict restrictions on hryvnia-based crypto transactions. Read more: Crypto donations for Ukraine raised fast, but the aid was still in fiat | Opinion