Nasdaq’s recent filing to list an ETF focused on Hedera’s HBAR token underscores the growing interest in altcoin investment products. The ETF trend reflects a broader acceptance of cryptocurrencies within
The post Bitcoin Drops Below $95,000 as Crypto Markets Crash: How Low Can the BTC Price Go? appeared first on Coinpedia Fintech News Bitcoin’s short-term downtrend continues while the bulls are trying hard to keep up the rally above the pivotal support. Besides, the market sentiments have dropped to 30, which suggests they have turned to fear. Currently, the price is heading towards a pivotal support range and also towards a liquidity test. This could drag the BTC price into the demand zone and this cascade is expected to begin beneath $93,400. The crypto markets recorded one of the largest pullbacks, similar to that of the one that occurred in the first few days of the month. In the past 24 hours, nearly 1,48,643 traders were liquidated, while the total liquidations came in at around $379.24 million. The BTC price swiped the lows and liquidated almost 100x longs that were made since Friday. The above liquidation heatmap from Coinglass shows enough liquidity has been mounted on either side of the price. This suggests the traders have become unsure of the upcoming price action and hence want to grab liquidity with a small price movement of Bitcoin. On the other hand, the exchange inflow volume continues to shrink, indicating a lower on-chain activity that usually occurs due to reduced investor interest and declining network utilization. Is Bitcoin (BTC) Price Heading Back to $90,000? In a recent update, the retail demand for Bitcoin is rebounding. The 30-day demand that had dropped to -21% has reversed and surged back to neutral. These levels were last seen in 2021, right before the beginning of the bull run. These types of recoveries have preceded big price moves in recent history and hence a similar price action is expected to occur soon. As seen in the above chart, the BTC price has been facing acute bearish pressure in the past few days, which has kept the token below the 50-day MA. After remaining consolidated within a narrow range, the Bollinger bands have also begun to shrink, hinting towards lowered volatility as it reaches a multi-month low. However, the price action which follows the squeeze is believed to be massive. Therefore, the Bitcoin price is believed to remain under significant bearish pressure for a while and probably enter the demand zone. This could compel the price to remain stuck to the lower support band of the Bollinger which may cause massive bullish action beyond the interim highs.
Is the crypto market tilting heavily in favor of Bitcoin? The latest readings from the Altcoin Season Index suggest just that. For crypto enthusiasts and investors, understanding market cycles is crucial. The Altcoin Season Index, a vital metric, has recently signaled a shift, indicating we might be firmly in a Bitcoin Season . Let’s delve into what this means for your crypto portfolio and the broader market landscape. Decoding the Altcoin Season Index: A Critical Market Indicator The Altcoin Season Index , meticulously tracked by CoinMarketCap (CMC), serves as a compass to navigate the ever-changing tides of the cryptocurrency market. This index, which registered a value of 29 at 00:27 UTC on February 24th, after a slight increase of one point from the previous day, isn’t just a number—it’s a powerful indicator of market sentiment and potential investment strategies. But what exactly does this index measure, and why should you care? To put it simply, the Altcoin Season Index measures the recent performance of altcoins (all cryptocurrencies other than Bitcoin) against Bitcoin itself. It focuses on the top 100 cryptocurrencies listed on CMC, excluding stablecoins and wrapped tokens to provide a clearer picture of genuine market dynamics. Here’s a breakdown of how it works: Measurement Period: The index analyzes the price performance of the top 100 coins over the past 90 days. This timeframe is considered significant enough to reflect prevailing market trends, filtering out short-term volatility. Performance Benchmark: The key comparison is against Bitcoin. The index checks how many of these top 100 coins have outperformed Bitcoin in terms of price percentage gains over the 90-day period. Index Range: The Altcoin Season Index score ranges from 1 to 100. A higher score indicates a stronger “Altcoin Season,” while a lower score suggests a “Bitcoin Season.” Altcoin Season Threshold: For the market to be officially in an “Altcoin Season,” at least 75% of the top 100 coins must have outperformed Bitcoin over the last 90 days. This signifies a broad-based rally in altcoins, surpassing Bitcoin’s gains. Bitcoin Season Threshold: Conversely, a “Bitcoin Season” is declared when 25% or fewer of these coins have outperformed Bitcoin. This points to Bitcoin leading the market, with altcoins lagging behind in performance. What Does an Index of 29 Really Mean for Bitcoin Season? With the Altcoin Season Index currently at 29, it firmly places us in what’s termed a Bitcoin Season . This score of 29 signifies that fewer than 25% of the top 100 altcoins have outperformed Bitcoin in the last 90 days. In simpler terms, Bitcoin has been the dominant force in the crypto market recently, outshining the majority of altcoins in terms of price appreciation. This isn’t just a statistical quirk; it reflects a broader market sentiment and investment flow. Key takeaways from a Bitcoin Season Index of 29: Bitcoin Dominance: A low index value directly correlates with increased Bitcoin dominance. Investors are generally favoring Bitcoin, potentially viewing it as a safer or more established asset in the current market conditions. Altcoin Underperformance: While some individual altcoins might still be performing well, the majority are not keeping pace with Bitcoin’s growth. This could be due to various factors, including market risk aversion or capital rotation into Bitcoin. Market Sentiment: Bitcoin Season often reflects a risk-off sentiment in the crypto market. When uncertainty looms, investors tend to flock to Bitcoin, perceived as the ‘original’ and most resilient cryptocurrency. Navigating Crypto Market Trends: Bitcoin Season vs. Altcoin Season Understanding the difference between Bitcoin Season and Altcoin Season is crucial for strategic crypto investing. These aren’t just labels; they represent distinct phases in the crypto market cycle, each with its own set of opportunities and challenges. Feature Bitcoin Season Altcoin Season Dominant Cryptocurrency Bitcoin Altcoins (collectively) Altcoin Season Index Value 25 or below 75 or above Market Sentiment Risk-off, flight to Bitcoin Risk-on, appetite for higher-risk altcoins Investment Strategy Focus on Bitcoin, potentially accumulate during dips Explore altcoins with strong fundamentals and growth potential Potential Opportunities Bitcoin accumulation, Bitcoin-related investments Altcoin trading, exploring emerging projects, higher potential for exponential gains (but also higher risk) Potential Challenges Altcoin portfolio may underperform Bitcoin, missing out on potential altcoin rallies Higher volatility and risk associated with altcoins, potential for significant losses if altcoins underperform Actionable Insights for Thriving in a Bitcoin Dominance Market So, what should you do when the Altcoin Season Index signals a Bitcoin Season ? Here are some actionable insights to consider: Re-evaluate Your Portfolio: Assess your current crypto holdings. If your portfolio is heavily weighted towards altcoins, consider rebalancing to increase your Bitcoin allocation. Focus on Fundamentals: During Bitcoin Season , it’s even more critical to focus on the fundamental strength of any altcoins you hold. Projects with strong technology, active development, and real-world use cases are more likely to weather a Bitcoin-dominated market. Bitcoin Accumulation Strategy: Consider dollar-cost averaging into Bitcoin. Bitcoin Season can be an opportune time to accumulate more Bitcoin, especially if you believe in its long-term value proposition. Monitor the Index: Keep a close eye on the Altcoin Season Index . A rising index might signal a shift towards Altcoin Season, prompting you to adjust your strategy accordingly. Stay Informed: Continuously research and stay updated on crypto market trends. Market dynamics can shift rapidly, and being informed is your best tool for navigating these changes successfully. The Unpredictable Nature of Crypto: Prepare for Market Shifts The cryptocurrency market is inherently volatile and cyclical. While the Altcoin Season Index provides valuable insights into current crypto market trends , it’s not a crystal ball. Market conditions can change swiftly, influenced by a multitude of factors ranging from regulatory news to technological advancements and broader economic trends. Therefore, adaptability and a well-informed approach are paramount for navigating the crypto landscape effectively. Whether it’s Bitcoin Season or Altcoin Season, understanding the indicators and adjusting your strategies accordingly can significantly impact your investment journey. In conclusion, the current Altcoin Season Index reading of 29 clearly indicates a Bitcoin Season , signaling Bitcoin’s current dominance in the crypto market. This doesn’t mean altcoins are obsolete, but it does suggest a shift in market focus and investor preference. By understanding and utilizing tools like the Altcoin Season Index , you can make more informed decisions, adapt to market cycles, and position yourself strategically for potential opportunities, regardless of whether it’s Bitcoin or altcoins leading the charge. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Canary, a financial services firm specializing in digital asset investment products, has announced the launch of a new HBAR exchange-traded fund (ETF) on Nasdaq , marking a significant milestone for Hedera (HBAR) adoption in traditional financial markets. The listing aims to provide institutional investors with regulated exposure to the Hedera network, further integrating distributed ledger technology (DLT) into mainstream finance. HBAR ETF Brings Institutional Investment to Hedera The listing of an HBAR-focused ETF is a crucial step toward expanding Hedera’s reach beyond the cryptocurrency sector and into traditional investment portfolios. ETFs provide institutional investors with a regulated vehicle to gain exposure to digital assets without directly purchasing or holding cryptocurrencies. With increasing demand for blockchain-based assets in regulated markets , the HBAR ETF on Nasdaq is expected to attract a new class of investors who were previously hesitant due to regulatory uncertainties surrounding direct crypto investments. “This is a major step forward in our mission to bridge traditional finance and the digital asset ecosystem,” said a Canary spokesperson. Hedera’s Growing Adoption and Use Cases Hedera has been gaining traction as one of the leading DLT platforms , offering high-speed transactions, low fees, and enterprise-grade security . Unlike conventional blockchains, Hedera operates as a hashgraph-based network , making it faster and more energy-efficient than many competing platforms. The Hedera ecosystem has attracted partnerships from major corporations , including Google, IBM, Boeing, and LG , all of which are part of the Hedera Governing Council . These companies use the Hedera network for applications such as supply chain tracking, tokenized assets, and digital identity solutions . With the introduction of an HBAR ETF , institutional investors now have a structured way to gain exposure to Hedera’s growth and adoption trends without navigating the complexities of buying and storing HBAR tokens. Impact on HBAR Price and Market Sentiment The announcement of the HBAR ETF listing on Nasdaq has already sparked excitement among Hedera supporters, with expectations that increased institutional access could drive demand for HBAR tokens . Historically, the launch of ETFs for other major crypto assets, such as Bitcoin and Ethereum , has led to price surges due to the influx of new capital from traditional investors. However, whether HBAR will experience a similar rally depends on broader market conditions and the level of institutional interest. “The listing of an HBAR ETF is a game-changer for Hedera’s adoption, potentially increasing liquidity and mainstream recognition,” said a crypto market analyst. Regulatory Landscape and Institutional Confidence The approval and listing of the HBAR ETF also signal a positive shift in regulatory sentiment toward digital asset investment products . While regulatory concerns continue to loom over some crypto projects, the ability of an HBAR-based ETF to meet Nasdaq’s listing standards suggests that institutional confidence in Hedera’s compliance and long-term viability is growing. This move aligns with a broader trend of crypto ETF adoption following the approval of Bitcoin spot ETFs in various jurisdictions. As more asset management firms explore regulated crypto investment vehicles , the HBAR ETF could set a precedent for other altcoins seeking mainstream financial market exposure. What’s Next for HBAR and Institutional Adoption? With Canary’s HBAR ETF now trading on Nasdaq , investors will be closely monitoring its performance and the overall impact on Hedera’s ecosystem . If the ETF sees strong demand and inflows , it could pave the way for additional Hedera-based financial products , further legitimizing HBAR as an institutional-grade digital asset. Additionally, if other blockchain networks follow suit by introducing their own ETFs , the market could witness an acceleration in institutional crypto adoption , reinforcing digital assets’ role in modern investment strategies. Conclusion The launch of the HBAR ETF on Nasdaq represents a major milestone for Hedera’s institutional adoption , opening the door for regulated investors to participate in the Hedera ecosystem . As crypto ETFs continue gaining traction , this move could contribute to wider adoption of distributed ledger technology while enhancing HBAR’s role as a mainstream financial asset . With institutional confidence growing and Hedera’s enterprise adoption expanding , the HBAR ETF listing marks a key moment in the ongoing evolution of the crypto investment landscape .
Bitcoin’s resilience shines amid recent market turbulence, with spot traders purchasing $1.07 billion worth of BTC, reflecting growing bullish sentiment. Despite bearish market winds, the contrasting behavior of spot traders
Bitcoin (BTC) is on fire, pushing toward $100,000 as institutional adoption and growing investor demand fuel its meteoric rise. Currently priced at $96,506, Bitcoin continues to dominate the market, setting the stage for massive altcoin gains. XRP is surging at $2.70, while Ethereum (ETH) and Cardano (ADA) remain strong players. But the real wealth-building opportunity? MAGACOINOFFICIAL.COM . With over $3 million raised in its presale and projections of 1,000x returns, this could be the best investment of 2025. To celebrate its explosive growth, early investors can claim a 50% EXTRA BONUS with MAGA50X! ACT FAST—PRESALE SPOTS ARE SELLING OUT! Bitcoin & XRP: The Market Leaders Bitcoin (BTC): Unstoppable Growth Bitcoin’s momentum continues to build, currently trading at $96,506. With experts predicting a push past $100K soon, BTC remains the foundation of the crypto market. XRP: Banking Disruption in Full Force XRP is up over 30% this year, fueled by its expanding role in global banking and payments. Trading at $2.70, XRP’s strong fundamentals make it one of the best altcoins in the market. ADA, ETH, OP, and VET: Solid But Slower Growth Cardano (ADA): Priced at $0.878, ADA has long-term potential but lacks short-term explosive growth. Ethereum (ETH): Trading at $2,643.92, ETH is a safe bet but may not deliver the biggest returns. Optimism (OP): At $1.12, OP is strong in Layer 2 solutions but faces intense competition. VeChain (VET): Sitting at $0.038, VET is gaining traction but isn’t experiencing massive breakouts. Why MAGACOINOFFICIAL.COM Is the #1 Opportunity While other cryptos are great, the real money is made in early-stage investments. MAGACOINOFFICIAL.COM is leading the pack with: Over $3 million raised in presale—huge investor demand Early-stage access before exchange listings Projected to hit $1 by 2025, offering 1,000x returns TIME IS RUNNING OUT—USE MAGA50X TO GET A 50% EXTRA BONUS NOW! Conclusion Bitcoin (BTC) and XRP continue to dominate, while ADA, ETH, OP, and VET offer solid but slower gains. But the best opportunity for explosive wealth-building in 2025? MAGACOINOFFICIAL.COM . Opportunities like this don’t last—secure your stake today at MAGACOINOFFICIAL.COM . Website: MAGACOINOFFICIAL.COM X/Twitter: https://x.com/officialMAGAx Continue Reading: Can $100 Turn Into Millions? XRP, Bitcoin, and MAGACOINOFFICIAL.COM Are 2025’s Most Exciting Picks!
Analysts are currently leaning towards a further breakdown in the Bitcoin price, as market volatility has positioned the pioneer cryptocurrency in a tight consolidation zone. Crypto expert Hamed_AZ on TradingView has shared a bullish and bearish outlook for the Bitcoin price. However, the analyst highlights that a crash of $85,000 is more likely. According to Hames_AZ, the Bitcoin price is set to decline further, possibly reaching new lows at $85,000. The analyst revealed that the cryptocurrency continues to trade sideways, failing to break out of its present consolidation zone. Bitcoin Price Set To Crash To $85,000 Earlier this month, the Bitcoin price crashed to new levels below $100,000, failing to break key resistance areas in its attempt to reach new all-time highs. At the time, the sharp decline was likely due to broader market volatility and a shift in sentiment. However, the cryptocurrency has failed to recover its position above $100,000, driven by downward pressure from recent tariffs implemented by the United States on other countries. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Hames_AZ asserts that the market will remain in a downtrend, with no hint of an upward movement, if Bitcoin continues to trade below key resistance levels. Sharing two possible scenarios for the cryptocurrency’s future trajectory, the analyst leaned towards a more corrective outlook, projecting that Bitcoin could retrace back to the support zone before initiating another upward move. As indicated in the green area in his price chart, the analyst pinpointed Bitcoin’s support zone between $85,000 and $87,500. While Bitcoin is historically known for not staying in a downtrend for too long, the TradingView analyst still expects further breakdown in its price, highlighting that a decline at this time is a more probable scenario. In the chart, the analyst also illustrates a descending channel pattern, where the price of Bitcoin is clearly moving within a downward-sloping channel, indicating a short-term downtrend. The Fibonacci level at 0.382 further aligns with the support zone, making it a strong potential area for a price reversal. Based on the analyst’s projection, a bounce from this support would invalidate further bearish momentum. Additionally, the support zone serves as a critical demand area where buyers typically step in, reinforcing price stability. Possible Bullish Scenario If Key Resistance Levels Are Breached While sharing a bearish prediction of the Bitcoin Price to $85,000, Hames_AZ also presented an alternative bullish scenario that could propel the cryptocurrency to new all-time highs. The TradingView analyst believes that if Bitcoin can successfully break resistance levels between $97,000 and $102,500 and close above them, then the market should anticipate a continuation of its previous uptrend. Related Reading: This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming A confirmed breakout from this resistance area would signal stronger market dynamics and further growth for the Bitcoin price. Based on his analysis, he expects Bitcoin to rise as high as $120,000, surpassing previous all-time highs attained earlier this year. Featured image from iStock, chart from Tradingview.com
Are you an altcoin enthusiast feeling the chill of the recent market downturn? You’re not alone. The crypto sphere has been navigating some turbulent waters lately, leaving many wondering about the future of their favorite altcoins. But hold on to your hats, because a prominent analyst is offering a beacon of hope! Benjamin Cowen, the insightful mind behind Into The Cryptoverse, has just dropped a prediction that could inject some much-needed optimism into the altcoin market. Let’s dive deep into Cowen’s analysis and see what the charts and historical data are suggesting for a potential altcoin recovery . Decoding the Crypto Market Analysis: Is November the Turning Point for Altcoins? Benjamin Cowen, known for his data-driven approach to crypto market analysis, recently shared his insights in a YouTube video that’s making waves in the crypto community. He suggests that after a challenging Q3, altcoins are poised for a potential recovery starting in November. This isn’t just a shot in the dark; Cowen’s prediction is rooted in a meticulous examination of historical market cycles. But what exactly is he looking at? The TOTAL3 Index: A Key Indicator for Altcoin Health Cowen focuses heavily on the TOTAL3 index. For those unfamiliar, this index is a crucial tool in crypto market analysis . It essentially tracks the total market capitalization of all cryptocurrencies, but with a twist – it excludes Bitcoin (BTC), Ethereum (ETH), and stablecoins. This exclusion is deliberate, allowing analysts to get a clearer picture of the pure altcoin market performance, independent of the two giants and stable assets. According to Cowen’s analysis, the TOTAL3/BTC ratio is a critical metric to watch. This ratio compares the total market cap of altcoins (TOTAL3) against Bitcoin’s market cap. Currently, this ratio hovers around 0.47. Cowen points out a potentially concerning trend: he anticipates this ratio could dip below 0.27. Why is this significant? Historically, when the TOTAL3/BTC ratio has fallen to such levels, it has often preceded a significant downturn, or even a ‘collapse,’ in the altcoin market. This is where the historical cycles come into play. Cowen is drawing parallels from past market behaviors to forecast potential future movements. Historical Cycles: Learning from the Past to Predict the Future? The beauty of technical analysis, especially in relatively young markets like cryptocurrency, is the potential to identify repeating patterns. Cowen’s prediction hinges on the idea that market history, while not perfectly repeating, often rhymes. By analyzing past cycles where the TOTAL3/BTC ratio declined significantly, he’s attempting to identify potential future trajectories for altcoins. It’s crucial to understand that historical analysis isn’t a crystal ball. Past performance is never a guarantee of future results. However, it provides valuable context and can help investors make more informed decisions. Cowen’s approach is about identifying probabilities based on observed patterns, rather than making definitive pronouncements. The Bitcoin Correlation: Why BTC’s Movements Matter for Altcoins One of the most fundamental aspects of the cryptocurrency market is the dominance of Bitcoin. Bitcoin correlation with altcoins is a well-documented phenomenon. In essence, where Bitcoin goes, altcoins often follow – and sometimes with even greater volatility. Cowen emphasizes this strong relationship, stating that the health of the altcoin market is intrinsically linked to Bitcoin’s movements. This correlation means that keeping a close eye on Bitcoin’s performance is paramount for anyone invested in or considering investing in altcoins. Bitcoin often acts as the market leader, setting the overall sentiment and direction. When Bitcoin rallies, it can lift the entire crypto market, including altcoins. Conversely, Bitcoin dips can trigger wider market corrections, impacting altcoins even more significantly. Actionable Insights: Watching Bitcoin in March So, what are the actionable takeaways from Cowen’s analysis? While the prediction of an altcoin recovery in November is encouraging, it’s not a guaranteed outcome. Cowen himself stresses the importance of continued monitoring and vigilance. Specifically, he highlights the significance of observing Bitcoin’s performance, particularly in March. Why March? While not explicitly stated in the provided content, it’s likely related to historical seasonal patterns or specific macroeconomic factors that have historically influenced the crypto market around March. It underscores the need for investors to stay informed and adaptable. Here are some key actionable insights based on Cowen’s analysis: Monitor the TOTAL3/BTC ratio: Keep an eye on this index to gauge the relative strength of altcoins against Bitcoin. A further decline below 0.27 could signal continued altcoin market weakness. Track Bitcoin’s performance: Pay close attention to Bitcoin’s price action. Significant movements in BTC will likely have a ripple effect on the altcoin market. Be prepared for volatility: The crypto market is inherently volatile. Even with predictions of recovery, expect fluctuations and be ready to manage risk. Consider historical context, but don’t rely solely on it: Historical cycles provide valuable insights, but they are not foolproof predictors. Market conditions are constantly evolving. Stay informed: Follow reputable analysts like Benjamin Cowen and stay updated on market news and data. To summarize Cowen’s prediction: Key Metric Current Status Predicted Trend Implication for Altcoins TOTAL3/BTC Index ~0.47 Potential drop below 0.27 Historically linked to altcoin market downturns Altcoin Market Sentiment Currently cautious/bearish Potential recovery expected in November Possible shift to bullish sentiment if prediction materializes Bitcoin Performance Critical factor Needs to be monitored, especially in March Major influence on altcoin market direction Navigating the Path to Potential Altcoin Recovery Benjamin Cowen’s analysis offers a glimmer of hope for altcoin investors who have weathered the recent market storms. The prediction of a potential November cryptocurrency prediction for altcoin recovery, based on historical cycles and the TOTAL3 index, provides a framework for understanding current market dynamics. However, it’s essential to remember that market predictions are not guarantees. The crypto landscape is dynamic and influenced by numerous factors. The key takeaway is to remain vigilant, stay informed, and manage risk responsibly. By monitoring key indicators like the TOTAL3/BTC ratio and keeping a close watch on Bitcoin’s movements, especially as we approach and move beyond November, investors can better navigate the path to potential altcoin recovery and position themselves for future opportunities in the ever-evolving crypto market. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Bitcoin spot traders bought $1.07 billion, offsetting $552 million ETF outflows, signaling potential bullish momentum.
Strategy's Saylor has hinted that the company's holdings will eventually exceed 500,000 BTC