Bitcoin (BTC) has long been the cornerstone of cryptocurrency success stories, turning early adopters into millionaires. Cardano (ADA), Near Protocol (NEAR), and Kaspa (KAS) have also built strong reputations, while Arbitrum (ARB) has shown potential as an Ethereum Layer 2 solution. However, a new coin, OFFICIALMAGACOIN, is now commanding the attention of savvy investors. OFFICIALMAGACOIN Could Deliver 60,000% Returns OFFICIALMAGACOIN has emerged as a unique player, with a record-breaking presale raising over $1 million in minutes. The token is only available at officialmagacoin.com , adding an element of exclusivity that appeals to both retail and institutional investors. Its potential for 60,000% returns has investors speculating that it could mirror or even surpass Bitcoin’s early growth trajectory. Early-Stage Growth Potential: With its presale success, OFFICIALMAGACOIN offers investors a chance to get in on the ground floor of a coin poised for exponential growth. Exclusivity and Scarcity: Available only at its official website, the token creates urgency and a sense of premium access. Affordable Entry Point: At less than $0.20 per token, OFFICIALMAGACOIN provides a low-risk, high-reward opportunity. Comparing OFFICIALMAGACOIN to Competitors Bitcoin (BTC): Established but lacks the explosive growth of a new coin. Cardano (ADA): Reliable but maturing, leaving little room for exponential returns. Near Protocol (NEAR): Focused on Web3 but cannot match OFFICIALMAGACOIN’s exclusivity. Kaspa (KAS): A promising blockchain but with a slower trajectory. Investors eager to secure their position in this promising token can do so exclusively at officialmagacoin.com . With market buzz intensifying, OFFICIALMAGACOIN is becoming a top contender in the race for the next crypto millionaire-maker. EXCLUSIVELY AT WWW.OFFICIALMAGACOIN.COM CLICK HERE to secure your tokens exclusively at OFFICIALMAGACOIN.COM Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: OFFICIALMAGACOIN’s Token Supply Is Dwindling—Prices Could Climb Rapidly
In a notable development for the cryptocurrency community, Mt.Gox has recently moved funds from its cold wallet. As reported by Arkham Monitor on January 30, the exchange transferred 4.076 BTC,
Bitfinex securities is planning to issue tokenized Bitcoin Mining Note BMN2 from El Salvador under the Salvadorian law…
In the past few days, Bitcoin (BTC) has withstood two key developments that could have derailed the cryptocurrency’s bullish momentum. Given Bitcoin’s resilience, analysts are now predicting a new BTC all-time high (ATH) in the coming weeks. Bitcoin Defies DeepSeek Sell-Off, FOMC Uncertainty Earlier this week, US stocks took a hit after Chinese AI firm DeepSeek unveiled its open-source LLM, raising concerns over the high market valuation of its American counterparts. As a result, the S&P 500 saw a strong sell-off, with NVIDIA leading the losses, dropping 16% in a single day. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ Similarly, in its latest meeting, the Federal Open Market Committee (FOMC) left interest rates unchanged, in line with market expectations. While the hawkish stance was expected to deal another blow to crypto markets, BTC remained relatively unscathed after an initial dip. At the time of writing, BTC is trading at $105,839, having essentially recouped all its losses from the DeepSeek-induced market crash. In fact, BTC has outperformed the S&P 500 over the past five days, surging 1.53%, compared to the latter’s 1.25% decline. New BTC ATH In February? Seasoned crypto trader Pentoshi commented on BTC’s strength, saying that the digital asset has held up well despite the turmoil. The trader added that they see no reason why BTC shouldn’t hit a new ATH soon. Another Bitcoin enthusiast, Castillo Trading, noted that Bitcoin’s price structure “looks flawless.” They added that both lower- and higher-time frames suggest that BTC will likely go higher. Related Reading: Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report In a similar vein, crypto trader and entrepreneur Michael van de Poppe said that the market will likely see a new BTC ATH in the ‘coming weeks,’ potentially hinting at February as the target month. Further, crypto trader Roman shared the following chart, commenting that “Stoch & RSI have plenty of room to break $108,000 resistance and head higher.” They added that bullish divergence on BTC is also playing out nicely. For the uninitiated, both Stochastic Oscillator (Stoch) and Relative-Strength Index (RSI) are momentum indicators that help traders identify whether the underlying asset is oversold or overbought in current market conditions. While projections for a new BTC ATH may be focused on the short-term, market cycle peaks are expected to occur in the summer of 2025. For instance, a recent report by Bitfinex forecasts that BTC could surge to $200,000 by mid-2025, amid shallow price pullbacks. Meanwhile DeepSeek predicts that BTC may top out between $500,000 and $600,000 by Q1 2026. At press time, BTC trades at $105,839, up 3.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Cryptos endured a flash crash early this week as Bitcoin plunged below $98K following DeepSeek’s impulsive popularity. The Chinese AI chatbot dominated trends due to its affordability, threatening demand for United States chips like Nvidia. The news saw the crypto space tumbling, with tokens tied to artificial intelligence suffering the most after losing the $40B
Ethereum price started a fresh increase above $3,220. ETH is now consolidating and might eye more gains above the $3,270 resistance zone. Ethereum started a fresh increase above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,200 level. Ethereum Price Recovers Ethereum price started a decent increase from the $3,020 zone, like Bitcoin . ETH was able to surpass the $3,120 and $3,150 resistance levels to move into a positive zone. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. However, the bears are now active near the $3,270 and $3,280 resistance levels . Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,270 level and the 61.8% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. The first major resistance is near the $3,330 level. The main resistance is now forming near $3,360. A clear move above the $3,360 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,270 resistance, it could start another decline. Initial support on the downside is near the $3,220 level. The first major support sits near the $3,200. A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,200 Major Resistance Level – $3,270
The US Securities and Exchange Commission (SEC) has approved a key part of an application for a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum, the two largest cryptocurrencies. Bitwise Asset Management’s Bitcoin and Ethereum ETF aims to provide investors with exposure to both digital assets, weighted by their respective market capitalizations. The fund’s structure will be similar to existing ETFs that directly hold either Bitcoin or Ether. The SEC has approved the fund’s 19b-4 filing, an essential step in the approval process. However, Bitwise still requires the SEC’s clearance for its S-1 registration application, which is necessary before trading can commence. Bitwise Bitcoin and Ethereum ETF The “Bitwise Bitcoin and Ethereum ETF” will offer exposure to Bitcoin (BTC) and Ether (ETH) in a single fund, weighted by their relative market capitalizations—83% BTC and 17% ETH as of the filing date. The ETF will determine market capitalisation by multiplying pricing benchmarks by circulating supply, according to the filing. Approval comes less than two weeks after a crypto-friendly acting chair took over the SEC. Commissioner Mark Uyeda took over as acting head of the SEC while the agency awaits Senate confirmation of President Donald Trump’s nominee for the permanent role, Paul Atkins. Bitwise Investment Advisers will manage the fund, with Coinbase providing custody and Bank of New York Mellon serving as the cash custodian, administrator, and transfer agent. Crypto ETFs boom after Trump’s return Bitwise submitted the application for the dual crypto ETF in November, shortly after the US presidential election. The election saw Donald Trump, who has expressed a more favorable stance toward the cryptocurrency industry, return to office. The administration has pledged to introduce supportive regulations to position the US as a leading hub for digital assets. The SEC has received increasing numbers of ETF proposals from investment firms seeking to expand the range of crypto-based financial products. Bloomberg analyst Nathan Dean noted that issuers are “probing the SEC’s boundaries,” with some firms even filing applications for ETFs based on meme coins. Bitwise has proposed an ETF tracking Dogecoin , a cryptocurrency known for its volatile price movements influenced by social media trends. Additionally, the SEC has received applications for ETFs tracking assets like XRP , Solana, and Litecoin, which claim to offer various forms of utility beyond speculation. The launch of US-based Bitcoin ETFs in early 2024 was met with strong investor interest. The group of ETFs investing directly in Bitcoin—including one from Bitwise—has accumulated more than $121 billion in total assets. Ether-based ETFs followed later, with more than $11 billion in assets under management so far. The strong demand for these products reflects the growing role of cryptocurrencies in investment portfolios, despite ongoing debates over their classification and long-term value proposition. The post Bitwise’s Bitcoin and Ethereum ETF gets initial green light from SEC appeared first on Invezz
The post Big News: SEC Approves Bitwise Spot Bitcoin and Ethereum ETF appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has approved Bitwise’s Bitcoin and Ethereum ETF, offering investors exposure to both cryptocurrencies. The approval, granted on an “accelerated basis” on Thursday, allows the fund to track both spot Bitcoin (BTC) and Ethereum (ETH) based on their market capitalization. This approval marks a major shift in the regulatory landscape under the Trump administration, as several firms have recently sought to list new crypto products with the SEC. Bitwise’s ETF, launched in partnership with the New York Stock Exchange (NYSE), is designed to provide easier access to Bitcoin and Ethereum for mainstream investors. The NYSE Arca filed the necessary paperwork for the ETF in November 2024. “In particular, the Commission finds that the Proposal is consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the Exchange’s rules be designed to ‘prevent fraudulent and manipulative acts and practices’ and, ‘in general, to protect investors and the public interest,” the agency said. It added, “The Commission finds that the Proposal, as with other ETPs that the commission has approved, is reasonably designed to promote fair disclosure of information that may be necessary to price the Shares appropriately, to prevent trading when a reasonable degree of transparency cannot be assured, to safeguard material non-public information relating to the Trust’s portfolio, and to ensure fair and orderly markets for the Shares.” This approval follows a series of changes in the SEC’s stance on crypto products, including the previous hesitance of former SEC Chair Gary Gensler to approve Bitcoin ETF trading, which only occurred after a court ruling.
Grayscale launches Bitcoin Mining ETF to support the mining ecosystem. Bitcoin prices show positive trends following the ETF announcement. Continue Reading: Grayscale Launches an Exciting Bitcoin Mining ETF The post Grayscale Launches an Exciting Bitcoin Mining ETF appeared first on COINTURK NEWS .
Dogecoin (DOGE) could be on the verge of an explosive price rally , as recent technical analysis reveals that the popular meme coin may be forming a distinctive Ascending Triangle pattern on its 4-hour chart. This bullish continuation pattern, combined with a rebound from an oversold Relative Strength Index (RSI) , suggests that a breakout could occur anytime soon. Dogecoin Eyes Breakout As Ascending Triangle Forms An Ascending Triangle is typically seen as a bullish chart pattern, formed by a horizontal resistance line connecting swing highs and a rising trendline connecting lower lows. Interestingly, a crypto analyst, Trader Tardigrade, has identified what appears to be an Ascending Triangle forming on the Dogecoin price chart in the 4-hour timeframe. Analyzing the analyst’s presented chart, Dogecoin’s price action shows a series of higher lows along an ascending trendline while facing resistance at $0.334 on the horizontal level. This Ascending Triangle formation suggests that buyers may be gaining strength, potentially leading to a breakout to the upside if the meme coin breaches the above resistance level. Notably, the lower part of the chart shows that Dogecoin’s RSI indicator recently entered oversold territory, dropping below 30%. The RSI has since rebounded and is gaining significant momentum, with indicators suggesting it may have room to surge towards overbought zone s above 70%. This positive shift in momentum indicates a steady increase in buying pressure, supporting the possibility of a Dogecoin price appreciation to new highs. Based on the chart’s forecast, DOGE’s price could skyrocket toward the range between $0.355 and $0.360 if it successfully breaks above the Ascending Triangle resistance at $0.334. Conversely, a rejection at this resistance level could lead to a retest of the ascending trendline before another breakout attempt. What’s Next For DOGE? Despite reports from CoinMarketCap highlighting a price decline of over 6% in the past week, Dogecoin remains resilient, aiming for new highs above the $0.6 mark. A prominent crypto analyst, identified as ‘Coinvo’, has announced to his over 324,000 followers that a new Dogecoin all-time high is imminent . The analyst shared a detailed chart illustrating the DOGE price action over a multi-year period on a weekly timeframe. He highlighted two primary resistance levels, which suggests that the meme coin could rise to a new ATH soon. The first resistance level , $0.015, was broken in early 2021 during the previous bull run, leading to a parabolic price surge in Dogecoin. The second resistance level, $0.6, represents Dogecoin’s all-time high in 2021, which its current price looks to be approaching again. DOGE is currently trading at $0.33, having experienced a prolonged downtrend and consolidation between 2022 and 2023. Based on historical trends, the meme coin’s price could be nearing its previous peak, as it follows a similar bullish trajectory as the 2021 bull run.