Peter Brandt predicts significant price movements for Bitcoin and Cardano. He warns of potential declines despite expected growth opportunities. Continue Reading: Peter Brandt Predicts Bitcoin’s Soaring Potential and Possible Downturn The post Peter Brandt Predicts Bitcoin’s Soaring Potential and Possible Downturn appeared first on COINTURK NEWS .
With President-elect Donald Trump’s inauguration just days away, speculation is mounting over his administration’s crypto policies, particularly th...
Bullish momentum in crypto is strong and thriving as Bitcoin hovers around $100K. BTC is not the sole beneficiary of greens, though, as the total cryptocurrency market cap has hit record highs , drawing attention from retail and institutional players alike. Amid this traction, web3 startups pulled in $2 billion in Q3 2024, with Crunchbase data showing over 300 deals closed. Although Funding is up, the deal counts are falling. It’s the lowest since Q2 2020. This marks two straight quarters of decline. While some may find this downturn disappointing, this investor behavior suggests that investors are being picky about which projects they put their money into. Against this backdrop, Ape Terminal , the industry’s leading open-access launchpad, has spearheaded a $3.4 million funding round for the crypto project NULS. Known for helping hundreds of blockchain startups secure funding, Ape Terminal connects them with a global network of investors. It’s a driving force in Web3 innovation. The funding will support NULS in its strategic shift toward advancing AI applications within its fast-growing network. With AI emerging as one of the year’s biggest narratives , alongside DeFi, memes, GameFi, ETF, RWA, and ZK, NULS is making its big move. The timing couldn’t be better. Blockchain and AI are on a collision course, and NULS aims to be at the center. “We are excited to support NULS in its next growth phase. Their commitment to fostering AI innovation aligns with the market’s evolving needs,” said Hassan “Hatu” Sheikh, founder of Ape Terminal. This funding strengthens Ape Terminal’s position in the Web3 ecosystem, providing startups with a powerful tool to scale faster. With a focus on transformative technologies like AI, Ape Terminal is driving innovation and enabling growth. NULS, in its part, is known for its ‘microservices-based architecture.’ It offers fast speed and low transaction costs and allows projects to take advantage of innovative technologies and develop promising products. Its native token, meanwhile, can be used to set up nodes and create tokens in addition to voting and staking. Last month, the NULS blockchain saw a sharp rise in $BTC-holding addresses. As a result, liquidity improved, security got stronger, and community engagement grew. These shifts reflect increasing trust in NULS, and Ape Terminal’s strategy and global investor reach were key drivers behind this momentum. Overall, as NULS advances in the AI sector, Ape Terminal leads the funding round. Their aim is to support projects aligned with market shifts. And together, they target untapped opportunities in the rapidly growing blockchain-AI landscape.
Open Campus, the decentralized autonomous organization building an on-chain education network, has launched the EDU Chain mainnet on Arbitrum Orbit. Designed for education-focused decentralized applications and EduFi, the EDU Chain on Arbitrum ( ARB ) Orbit has quickly become the leading Layer 3 blockchain, surpassing $150 million in total value locked, according to L2beat. The blockchain’s TVL includes contributions from Open Campus’s treasury and liquidity providers bridging assets to the platform, according to a release shared with crypto.news. During its testnet phase, EDU Chain processed over 86.2 million transactions and engaged 358,684 unique active wallets. With 47 dApps already live on the testnet, many are now preparing to deploy on the mainnet. You might also like: MEXC deepens support for Bitcoin staking innovation with Solv Protocol token launch Open Campus’s initiatives To drive dApp development, Open Campus ( EDU ) has launched two initiatives. The first is an ongoing hackathon series with $1 million in prizes, which has already attracted thousands of developers. The second initiative, the Open Campus Incubator, is a 12-week program designed to help hackathon winners scale their projects. Participants gain access to grants, venture capital funding opportunities, and resources to grow on EDU Chain. Additionally, the platform introduced Season 1 of its Yuzu Points rewards program. By interacting with mainnet dApps, users can earn Yuzu Points, which unlock EDU token emissions. Open Campus has allocated up to 150 million EDU tokens for these rewards. The launch positions EDU Chain as a leader in blockchain-based education solutions, combining decentralized finance, gamified learning, and developer support to foster innovation in on-chain education. You might also like: Bitcoin’s resurgence: A regulatory reset and a path to innovation | Opinion
Dogecoin Rally May Be Imminent, Says Analyst Dogecoin (DOGE) could be on the verge of a significant rally, according to cryptocurrency analyst and trader Ali Martinez . In a recent post on X , Martinez noted a striking similarity between DOGE’s current price movement and its behavior during the 2021 bull cycle . In January 2021, Dogecoin underwent a 56% price correction before embarking on a massive upward move. With DOGE recently experiencing a 46% correction , Martinez predicts that a rally could begin as early as next week , provided the historical pattern repeats itself. Historical Patterns in Dogecoin’s Price Movements 1. 2021 Bull Cycle Comparison Event: In the week of January 25, 2021, Dogecoin began a major rally after a 56% price drop. Outcome: This upward move saw Dogecoin’s value skyrocket, driven by increased retail interest and social media hype. 2. Current Market Context Correction Size: DOGE has recently corrected by 46% , a pattern reminiscent of its pre-rally behavior in 2021. Potential Timing: If history repeats, a new rally could commence in the coming days. Factors Supporting a Potential Rally 1. Increased Social Media Activity Dogecoin often benefits from viral campaigns and mentions by influencers, including notable supporters like Elon Musk . 2. Positive Market Sentiment With Bitcoin and other major cryptocurrencies showing strength, a bullish spillover effect could benefit Dogecoin. 3. Technical Indicators Oversold Conditions: Technical analysis indicates that DOGE may be entering oversold territory, often a precursor to a price rebound. Support Levels: DOGE has established a strong support zone around $0.06, providing a potential base for upward movement. Risks to Consider 1. Market Volatility Cryptocurrencies, including Dogecoin, remain highly volatile, and historical patterns are not guarantees of future performance. 2. Lack of Fundamental Drivers While Dogecoin benefits from community support, it lacks the fundamental use cases of more utility-focused cryptocurrencies. 3. External Influences Regulatory news or macroeconomic factors could impact Dogecoin’s price, regardless of technical patterns. Comparison: 2021 vs. 2025 Market Conditions Factor 2021 Market 2025 Market Correction Size 56% 46% Market Sentiment Bullish, fueled by retail FOMO Bullish, driven by institutional interest Social Media Influence High, led by Elon Musk tweets Moderate, with sustained retail engagement What Traders Should Watch 1. Key Resistance Levels Price Targets: A breakout above $0.07 and $0.08 could signal the start of a broader rally. 2. Trading Volume Increased trading activity often precedes significant price movements in Dogecoin. 3. Bitcoin’s Performance Dogecoin’s price often correlates with broader market trends, making Bitcoin’s performance a key indicator. Conclusion While no prediction is certain, Ali Martinez’s analysis highlights the possibility of a Dogecoin rally based on historical patterns. With DOGE having undergone a substantial correction and positive sentiment building across the crypto market, traders and investors should remain vigilant for potential breakout signals. As always, approach the market with caution, consider the risks, and base decisions on a combination of technical analysis and broader market trends. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Michael Lewellen, a blockchain developer, has sued the U.S. Department of Justice, alleging the agency was overly broadening its analysis of federal money transmission laws and criminalizing crypto development. The lawsuit , filed Thursday, aims to block the prosecution of his decentralized crowdfunding platform, Pharos. He says the platform falls beyond these regulations. Built on Ethereum, Pharos uses “assurance contracts,” which are smart contracts that hold funds and automatically refund donors if funding targets are not fulfilled. The lawsuit states that the platform is “non–custodial,” meaning Lewellen does not hold or control user funds as described in the lawsuit. Lewellen says the DOJ’s interpretation of 18 U.S.C. §1960 “Prohibition of illegal money transmitting businesses” incorrectly targets non-custodial software developers as unlicensed money transmitters. The lawsuit calls the DOJ’s stance a betrayal of “its own representations to the public by criminally prosecuting people who publish noncustodial cryptocurrency software.” The filing says those laws against unlicensed money transmission have nothing to do with “technologists who create tools that allow users to move money themselves.” DOJ is violating First and Fifth Amendments as per the lawsuit The lawsuit argues that the DOJ’s conduct violates the First Amendment by criminalizing the publishing of software code, as well as the Fifth Amendment, by enforcing laws based on no discernible standards. The case will fall to Attorney General Merrick Garland’s successor, as he is preparing to resign. On Wednesday, former Florida Attorney General Pam Bondi, who is set to become the incoming Attorney General, underwent a Senate confirmation hearing. Today, I’m taking a stand against the Biden administration’s unjust crackdown on crypto development. I’ve filed a lawsuit against the DOJ to challenge their flawed and unjust interpretation of the law. My work on Pharos—a non-custodial protocol for public goods… — Michael Lewellen (@LewellenMichael) January 16, 2025 Lewellen mentions in an X post that the DOJ’s broad approach to money transmission laws threatens the ability to build freely. He adds, “This isn’t just about Pharos; it’s about the future of cryptocurrency innovation in America.” The case also cites the high-profile cases of Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill and Tornado Cash developer Roman Storm as proof of a troubling expansion of federal authority over non-custodial crypto tools. Storm was among those charged in 2023 with Roman Semenov on the crypto mixer Tornado Cash, which was accused of money laundering and violating sanctions laws. Storm was arrested and is facing trial in New York, but Semenov remains out of custody. Federal authorities also arrested Rodriguez and Hill in April 2024 for claiming that their non-custody Bitcoin wallet application, Samourai Wallet, was used for unauthorized transactions. Prosecutors claim the wallet contained more than $2 billion in suspicious transfers, more than $100 million of which are associated with the illicit marketplaces on the dark web. Lewellen’s lawsuit stands on these references, arguing that these types of prosecutions essentially criminalize the creation of privacy-oriented tools rather than the users that use these tools for criminal purposes. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bloomberg Analyst Predicts Litecoin Could Be 2025’s First Altcoin ETF Eric Balchunas , a prominent exchange-traded fund (ETF) analyst at Bloomberg, has suggested that Litecoin (LTC) could become the first altcoin ETF of 2025. In a recent post on X , Balchunas noted that the U.S. Securities and Exchange Commission (SEC) has expressed its views on the S-1 filing for the proposed Litecoin ETF, affirming its classification as a commodity . This development coincides with the anticipated arrival of a new SEC chairman, further bolstering the likelihood of approval. Additionally, Nasdaq has reportedly submitted documentation for Canary Capital’s proposed Litecoin ETF , according to CoinNess . Key Factors Supporting Litecoin ETF Approval 1. Commodity Classification The SEC’s opinion aligns Litecoin with commodities , similar to Bitcoin, increasing its eligibility for an ETF structure. This classification could simplify the regulatory process compared to other altcoins with less clear designations. 2. SEC Leadership Transition A new SEC chairman is expected to bring a more crypto-friendly stance , potentially easing approval hurdles. Previous SEC leadership had been criticized for its stringent policies on cryptocurrency ETFs. 3. Nasdaq’s Involvement Nasdaq’s filing for Canary Capital’s Litecoin ETF indicates strong institutional support for the project. If approved, it would mark a significant milestone for the altcoin market, following Bitcoin’s ETF successes. Litecoin’s ETF Potential: What It Means for the Market 1. Increased Institutional Adoption A Litecoin ETF would provide institutional investors with a regulated and convenient avenue to gain exposure to LTC. This could significantly boost trading volumes and mainstream adoption. 2. Altcoin Market Validation Approval of an altcoin ETF would represent a major step toward recognizing the broader cryptocurrency market’s legitimacy. It could pave the way for ETFs linked to other altcoins such as Ethereum, Solana, or XRP. 3. Enhanced Liquidity and Price Stability ETFs typically improve liquidity by attracting a larger pool of participants, including long-term institutional holders. This could help reduce Litecoin’s volatility , making it a more stable investment vehicle. Why Litecoin? 1. Established Market Presence Litecoin has been a consistent performer in the cryptocurrency market since its inception in 2011 , earning the moniker “silver to Bitcoin’s gold.” 2. Proven Use Cases LTC is widely used for low-cost, fast transactions , making it a practical option for both investors and users. 3. Regulatory Clarity Unlike many newer altcoins, Litecoin has faced minimal regulatory scrutiny, making it a safer bet for ETF approval. Challenges and Considerations 1. Market Competition While Litecoin has a strong case, other altcoins like Ethereum or Solana may also vie for ETF approval, complicating the timeline. 2. SEC’s Stance on Altcoins Despite Litecoin’s commodity status, the SEC’s broader view on altcoins could influence the decision-making process. 3. Investor Demand The success of a Litecoin ETF will ultimately depend on whether institutional and retail investors show sufficient interest. Comparison: Litecoin vs. Bitcoin ETFs Feature Bitcoin ETF Litecoin ETF (Proposed) Market Size $1 trillion+ ~$15 billion Regulatory Status Well-established as a commodity Commodity classification confirmed Institutional Interest High Emerging Volatility Moderate Higher than Bitcoin What’s Next for Litecoin ETF Approval? 1. SEC Review Process The S-1 filing for the Litecoin ETF will undergo thorough review by the SEC before approval is granted. 2. Market Response The crypto market will closely watch for indications of approval, which could trigger increased Litecoin buying activity . 3. Competitive Filings Other asset managers may submit competing applications, leading to broader discussions about altcoin ETFs. Conclusion The prospect of a Litecoin ETF in 2025 marks a significant development for the cryptocurrency market. Backed by a clear commodity classification, growing institutional interest, and a potentially favorable regulatory environment, Litecoin is well-positioned to become the first altcoin ETF of the year. If approved, the ETF could bring greater legitimacy and liquidity to the altcoin space, reinforcing Litecoin’s position as a key player in the cryptocurrency ecosystem. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Tesla CEO Elon Musk, who will head the Department of Government Efficiency (DOGE) in the Donald Trump administration, made a reference to Bitcoin to US Treasury Secretary Janet Yellen due to a recent Chinese hacking incident. Musk's post came as the investigation into the alleged Chinese hack of the US Treasury Department continues earlier this month. New reports into the investigation have claimed that Chinese hackers gained access to US Treasury Secretary Janet Yellen's computer in the breach. In response to these latest reports, Elon Musk commented on his X account: “Maybe he clicked on the 'Send me 1 BTC, I'll send you 2 BTC' email.” Musk, known for his support of Dogecoin, humorously commented that Janet Yellen may have fallen for an email scam where hackers asked for 1 Bitcoin in exchange for sending 2 Bitcoin back. The attackers also hacked the computers of Janet Yellen and two of her aides, Wally Adeyemo and Brad Smith, sources told Bloomberg. One of the sources said fewer than 50 files on Yellen’s computer were accessed. Maybe she clicked on the “send me 1 btc, I send you 2btc” email https://t.co/mtIfZ4Cd4Z — Elon Musk (@elonmusk) January 17, 2025 *This is not investment advice. Continue Reading: Elon Musk Sends Bitcoin (BTC) to Janet Yellen!
The Bitcoin MVRV Z-Score has historically been one of the most effective tools for identifying market cycle tops and bottoms in Bitcoin. Today, we're excited to share an enhancement to this metric that makes it even more insightful for today's dynamic market conditions. What Is the Bitcoin MVRV Z-Score? The MVRV Z-Score is derived by analyzing the ratio between Bitcoin’s realized cap (the average acquisition cost of all Bitcoin in circulation) and its market cap (current network valuation). By standardizing this ratio using Bitcoin's price volatility (measured as the standard deviation), the Z-Score highlights periods of overvaluation or undervaluation relative to historical norms. Figure 1: MVRV Z-Score effectiveness may be reduced due to diminishing volatility. View Live Chart 🔍 Peaks in the red zone signal overvaluation, suggesting optimal profit-taking opportunities. Bottoms in the green zone indicate undervaluation, often marking strong accumulation opportunities. Historically, this metric has been remarkably accurate in pinpointing major market cycle extremes. While powerful, the traditional MVRV Z-Score has its limitations. In past cycles, the Z-Score reached values of 9–10 during market tops. However, in the last cycle, the score only reached around 7. This may be due to the rounded double-peak cycle instead of the sharp blow-off top we usually experience. Regardless, there’s the necessity to factor in the evolving market dynamics, with increasing institutional involvement and changing investor behavior. The Enhanced MVRV Z-Score The MVRV Z-Score standardizes the raw MVRV data using Bitcoin’s entire price history, which includes the extreme volatility of its early years. As Bitcoin matures, these early data points may distort its relevance to current market conditions. To address these challenges, we’ve developed the MVRV Z-Score 2YR Rolling . Instead of using Bitcoin's entire price history, this version calculates volatility based only on the previous two years of data. Figure 2: MVRV Z-Score 2YR Rolling accounts for reduced market volatility. View Live Chart 🔍 This approach better accounts for Bitcoin’s growing market cap and shifting dynamics and ensures the metric adapts to more recent trends, offering greater accuracy for contemporary market analysis. It still excels at identifying market cycle tops and bottoms but adapts to modern conditions. In the last cycle, this version captured a higher peak value than the traditional Z-Score, aligning more closely with 2017's price action. On the downside, it continues to identify strong accumulation zones with high precision. Raw MVRV Ratio Another complementary approach involves analyzing the MVRV ratio without standardizing for volatility. By doing so, we can see the previous cycle’s MVRV ratio peaked at 3.96, compared to 4.72 in the cycle before that. These values suggest less deviation, potentially offering a more stable framework for projecting future price targets. Figure 3: MVRV data can help to forecast potential price targets. View Live Chart 🔍 Assuming a realized price of $60,000 (factoring in the current projected increase over the next six months) and an MVRV ratio of 3.96, a potential peak price could be close to $240,000. If diminishing returns reduce the ratio to 3.0, the peak price might still reach $180,000. Conclusion While the MVRV Z-Score is still one of the most effective tools for timing market cycle peaks and bottoms, we need to be prepared for this metric potentially not reaching similar highs as prior cycles. By adapting this data to better factor in the changing market dynamics of Bitcoin, we can account for reduced volatility as BTC grows. For a more in-depth look into this topic, check out a recent YouTube video here: Improving The Bitcoin MVRV Z-Score For more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro . Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
Michael Saylor’s recent tweets emphasize the growing anticipation around Bitcoin as its price approaches a critical $103,000 mark. His declaration that “We are all Satoshi” reflects a broader sentiment within