Arthur Hayes emphasizes Bitcoin's support level is critical for its recovery. Market reactions hinge on economic policy changes announced by the U.S. Continue Reading: Arthur Hayes Predicts Bitcoin’s Recovery Depends on Critical Support Maintenance The post Arthur Hayes Predicts Bitcoin’s Recovery Depends on Critical Support Maintenance appeared first on COINTURK NEWS .
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This is a segment from the Lightspeed newsletter. To read full editions, subscribe . XNET, a Solana-based project building a decentralized network of Wi-Fi hotspots, has partnered with US telecom giant AT&T. The collaboration will enable AT&T to offload mobile data traffic onto XNET’s network, the team told Lightspeed exclusively. XNET sells Wi-Fi hotspots that businesses and public spaces can deploy in exchange for XNET token rewards. Together, the patchwork of hotspots makes up a distributed wireless network. XNET partners with cell carriers to offload mobile data onto its hotspots where available, easing network congestion and improving coverage — while the cell carriers pay XNET for the data. Under the agreement with AT&T, which has been live since September 2024, AT&T wireless customers connect to XNET’s Wi-Fi network where available. AT&T pays XNET in dollars for the data usage, and XNET passes tokens along to its node operators. According to a Dune dashboard , XNET currently has 688 active nodes, and around 9 million users have connected through its Wi-Fi offloading network. The handoff between AT&T’s coverage and XNET’s Wi-Fi is seamless, and most users have no idea it’s happening, XNET co-founder Richard DeVaul told me. He added that bootstrapping a business like XNET would have been difficult without a token. “XNET is the poster child for DePIN. We financed millions of dollars of equipment on our network using our token, without conventional equity or debt financing,” DeVaul said in a text. XNET has a similar feel to Helium Mobile, a popular DePIN company building a nationwide cellular network through token-incentivized hotspots. But while Helium lets individuals install hotspots at home, marketing lead Chris Banks said that XNET focuses exclusively on B2B services and restricts deployments to “high-value locations to the carriers.” “We see Helium as a potential customer, not a competitor. But [Helium Mobile CEO Amir Haleem] may have different ideas,” DeVaul said, adding a tongue-wagging emoji. Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam. Empire : Start your morning with the top news and analysis to inform your day in crypto. Forward Guidance : Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance. 0xResearch : Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more. Lightspeed : Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks. The Drop : For crypto collectors and traders, covering apps, games, memes and more. Supply Shock : Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
GameStop accelerates its pivot to cryptocurrency with CEO Ryan Cohen’s significant stock purchase, marking a momentous shift in corporate strategy. Following the popular trend of integrating Bitcoin reserves, GameStop aims
The video game retailer's stock jumped more than 11% in Friday trading.
The first quarter of 2025 marked a challenging period for the cryptocurrency market, as major players like Bitcoin and Ether faced significant downturns amid economic uncertainties. With the backdrop of
The total value locked (TVL) in decentralized finance (DeFi) has plunged over 30% from its December peak, reflecting ongoing market uncertainties and macroeconomic pressures. According to DefiLlama , the current TVL in DeFi is $94.65 billion, a far cry from the $137 billion mark it reached on December 17 and one that has been steadily declining since. The TVL had reached a recent low of $88 billion last month before bouncing back slightly. Late last year’s jump in DeFi’s locked value coincided with a general crypto market rally, largely stemming from the November 5 elections of pro-crypto U.S. President Donald Trump. The TVL of $94.49 billion is similar to the levels ahead of the election and before a run-up above $100 billion. But the latest drop is a sign of changing investor sentiment. Vincent Liu, Chief Investment Officer at Kronos Research, stated that the recent DeFi TVL decline shows how much market uncertainty can weigh against decentralized finance. He further noted that Ethereum and Bitcoin have seen declines in active addresses in the past week, reflecting a loss of user confidence in price rectifications, intensifying competition from alternative blockchains, and ongoing macroeconomic concerns. Source: DefiLlama Macroeconomic pressures weigh down on DeFi Trump’s crypto bull run fizzled in the year’s first quarter as the administration enacted sweeping reciprocal tariffs on key trading partners. This evolving dynamic dulled early excitement over the administration’s pro-crypto posture. Besides trade, concerns over resilient U.S. inflation and the Federal Reserve delaying interest rate cuts have been holding back sentiment. Bitcoin hit an all-time high of above $108,000 in January and has now fallen to about $83,000. Likewise, Ethereum fell from $4,000 in December to its current price of $1,800. Kevin Guo, a director at HashKey Research, noted macroeconomic challenges preventing the growth of DeFi. He explained that while the broader DeFi ecosystem has developed over the past few years, significant work remains to create not only DeFi-native products but also to integrate them into institutional financial products. According to Guo, competitive rates, stronger security guarantees, and a streamlined user experience are essential prerequisites for opening the market to institutional participation. Innovation and policy shifts may aid recovery A few experts believe DeFi is still a strong long-term investment despite short-term volatility. Liu emphasized that innovation is “crucial” for DeFi to return to form, and the sector must continue to innovate. He noted that a reversal of Trump tariff policies and a positive U.S. consumer price index (CPI) report due next week could trigger a broad market recovery that helps bring DeFi back to hype. Nick Ruck, Research Director of LVRG, stated that DeFi is well-placed to be a long-term growth story. He further stated that as regulators worldwide become increasingly friendly to blockchain technology and incorporate real-world assets in financial frameworks, DeFi is emerging as a good long-term investment prospect with comparatively stable investor yields. With ongoing challenges to the market, the future of DeFi will likely depend on regulatory equilibrium, macroeconomic patterns, and the ability of DeFi protocols to adapt to user demand. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Bitcoin experiences volatility as traders brace for potential price correction below $80K, adding tension to an already cautious crypto landscape. Liquidation clusters remain a concern, heightening the risk of abrupt
Bitcoin (BTC) is trading at $84,003, facing potential bearish pressure across multiple timeframes. With a rising wedge pattern on the 4-hour chart and a death cross on the daily chart, Bitcoin is at a crossroads. Let’s break down the key levels to watch. Daily Chart: Death Cross Looming The daily chart is showing signs of weakness as Bitcoin nears a death cross, a bearish signal where the 50-day moving average (MA) crosses below the 200-day MA. This typically marks a trend reversal to the downside. Support Levels: $82,400: Key short-term support. A breakdown here could signal further declines. $76,000–$78,000: A deeper support zone, is critical in preventing significant losses. Resistance Levels: $86,000: Immediate resistance, aligning with the 200-day MA. A breakout above this could shift momentum. $88,500: Another strong resistance level. A close above this would suggest bullish reversal potential. 4-Hour Chart: Rising Wedge Breakdown On the 4-hour timeframe, Bitcoin is forming a rising wedge, a pattern typically indicative of bearish reversals. The pattern recently broke down, with support being tested around $81,000–$82,000. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Support Levels: $81,000: Immediate support. A drop below this could accelerate selling and push BTC toward the next support zone. $78,500: Stronger support if the price fails to hold at $81,000. Resistance Levels: $85,000: First resistance after the breakdown of the wedge. A breakout above this level could signal a short-term bullish reversal. $88,500: Strong resistance, previously tested on higher timeframes. Bitcoin is at a pivotal point in its price action. The death cross on the daily chart and the breakdown of the rising wedge on the 4-hour chart suggests a bearish sentiment. However, support levels around $82,000 and $81,000 could provide temporary relief. Traders should closely monitor these levels for potential breakout or breakdown scenarios. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin (BTC) Technical Analysis: Critical Levels to Monitor Before Its Next Massive Move appeared first on Times Tabloid .
As the stock market declines due to U.S. tariffs on most of its trading partners, Bitcoin has shown some resilience. An expert at Unchained explains why. US stocks have seen some of the worst performance in years. However, Bitcoin (BTC) showed relative resilience, which is great news for institutional investment, explains Joe Burnett, Director of Market Research at the crypto financial firm Unchained. Trump's tariffs are here, U.S. equities are crashing, and China is retaliating. Now may be one of the best times to build a meaningful bitcoin position. Not financial advice. pic.twitter.com/Rf9Z01wrHM — Joe Burnett, MSBA (@IIICapital) April 4, 2025 On April 4, the Dow Jones Industrial Average shed more than 2,200 points, adding to Thursday’s decline of 1,679 points. This was the worst two-day performance in history, leaving many equity investors anxious over the weekend. You might also like: Traders holding onto Bitcoin despite market panic: Binance At the same time, Bitcoin showed relative resilience , even starting to recover, and actually registered a 2.2% gain in the last 24 hours. Burnett suggested that this is a repeat of the pattern from 2020, when Bitcoin prices led the market recovery. Recalling March 2020, bitcoin rapidly bottomed and recovered first (before U.S. equities), a pattern potentially repeating today as bitcoin hasn’t made new lows since March 11th. Due to Bitcoin’s high volatility, Burnett said it is often the first asset investors sell when liquidity dries up. However, because the selloff is typically fast and aggressive, Bitcoin often bottoms before equities. This may also indicate that stocks are nearing a bottom. Supporting this view is the AAII investor sentiment survey, which fell to 19.11% on March 13, the lowest level since the pandemic. This extreme negative outlook could mean that stocks are set for a reversal. Still, Burnett cautioned that this does not guarantee Bitcoin is out of danger. Of course, if stocks continue falling aggressively over the coming weeks, it’s reasonable to expect that bitcoin could experience another leg down too. You might also like: Bitcoin price could rise as U.S. bond yields, fear and greed index fall