The cryptocurrency market is abuzz as Bitcoin (BTC) edges closer to the $1 million mark, a milestone that seemed unimaginable just a few years ago. This unprecedented surge has prompted investors to seek the next high-potential asset, and many are turning their attention to OFFICIALMAGACOIN . The Rise of OFFICIALMAGACOIN Amid Bitcoin’s ascent, OFFICIALMAGACOIN has emerged as a promising contender in the crypto space. Analysts have noted its potential for significant growth, with some predicting a breakout of up to 50,000%. Key factors contributing to OFFICIALMAGACOIN ‘s appeal include: Limited Supply: Capped at 100 billion tokens, creating scarcity that can drive value. Early Adoption Opportunities: Investors have the chance to enter at a ground level, positioning themselves for potential exponential returns. ACT FAST! USE PROMO CODE MAGA50X NOW AND CLAIM YOUR 50% EXTRA BONUS! These values underscore a growing confidence in OFFICIALMAGACOIN ‘s long-term value, driven by increased institutional adoption and favorable regulatory developments. Comparative Analysis of XRP, ADA, TRX, LTC Here are brief descriptions and current prices for XRP, ADA, TRX, LTC XRP: A fast and scalable digital asset designed for cross-border payments, but faces regulatory challenges. ADA: A blockchain platform aiming for scalability and sustainability, yet struggles with adoption speed. TRX: A high-throughput blockchain for decentralized content sharing, though faces centralization concerns. LTC: A Bitcoin alternative with faster transactions, but lacks strong institutional backing. >> DON’T MISS THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN NOW! Conclusion As Bitcoin approaches the $1 million threshold, the crypto market is ripe with opportunities for discerning investors. OFFICIALMAGACOIN stands out as a high-potential asset poised for remarkable growth. Seizing this opportunity early could position investors for substantial returns in the evolving digital currency landscape. Opportunities like this don’t last—secure your stake today at OFFICIALMAGACOIN . 🔹 Website: officialmagacoin.io 🔹 X/Twitter: https://x.com/officialMAGAx The post Crypto’s Next Superstar? OFFICIALMAGACOIN, XRP & Bitcoin Are on Everyone’s Radar! appeared first on TheCoinrise.com .
RSI screams oversold, but is a recovery around the corner or is Bitcoin’s worst drop yet to come?
COINOTAG News reported on February 27 that CryptoQuant’s CEO, Ki Young Ju, shared insights via social media regarding current market trends. He emphasized that panic selling is often an indication
As Cardano (ADA) faces significant bearish pressure amidst Bitcoin’s (BTC) declines, market players speculate on its recovery potential. Despite recent ETF acknowledgments, Cardano’s demand remains lackluster, highlighting macroeconomic uncertainties affecting
Bitcoin Magazine Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation. Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance from ranking member of the subcommittee, Senator Ruben Gallego (D-AZ). The witnesses included Tim Massad, former CFTC Chair and Research Fellow at the Kennedy School of Government at Harvard University; Jai Massari, Chief Legal Officer at Lightspark; Jonathan Jachym, Global Head of Policy and Government Relations at Kraken; and Lewis Cohen, Partner at Cahill Gordon & Reindel LLP. Setting the tone for the meeting, Senator Lummis stated that she intends to do her part in passing bipartisan legislation for Bitcoin and stablecoins. (This was one of the few times during the meeting that the word “Bitcoin” was mentioned. One of the only other times in the hearing it was mentioned was when Massad voiced that he’s objected to the creation of a Strategic Bitcoin Reserve .) Throughout the hearing, Massad stressed the importance of monitoring stablecoin transactions. He suggested extending the “regulatory perimeter” to address AML (Anti-Money Laundering) challenges associated with stablecoins and even proposed that smart contracts be designed in a way that mitigates the risk of bad actors using them. “Our entire [Bank Secrecy Act] framework relies on centralized intermediaries.” @timmassad calls on Congress to extend the “regulatory perimeter” and require “stablecoin issuers to aggressively monitor transactions and freeze stablecoins.” pic.twitter.com/Y5TyGRx4i1 — Nick Anthony (@EconWithNick) February 26, 2025 “[We might] program smart contracts so that transactions can’t go through unless someone has been properly vetted,” said Massad. Massad also suggested that stablecoin issuers “aggressively monitor stablecoin activity” as a means to keep an eye out for AML violations. Massari pointed out that authorities can also surveil stablecoin transactions, as these assets run on public blockchains. She also called for sensible regulation around the technology — so long as it isn’t too heavy-handed. “We have a tendency [when regulating] financial services to take the new thing and cram it into the old,” she said. What is more, she also advocated for a “common set of standards” to govern stablecoin issuers so that users can feel more confident in all stablecoins being properly backed. Jachym made efforts to shift the focus of the hearing from stablecoins to the Digital Asset Market Structure bill , claiming that it was “critical” that regulatory agencies construct clear guidelines for which digital assets are securities and which aren’t. He didn’t receive much uptake though. Massad stated that discussing stablecoins was more important than discussing the market structure bill, making the case that the market structure bill isn’t a pressing matter, as regulators can work with existing securities laws to regulate crypto markets. Jachym stressed the point that “the jurisdictional lines [around] digital assets should be simple” and said that “the lack of regulatory certainty in the U.S. has impeded growth [in the crypto industry.]” Cohen made a similar claim, stating that crypto entrepreneurs in the U.S. “feel the constant threat of litigation,” alluding to former SEC Chair Gary Gensler’s “ regulation-by-enforcement ” approach. He also shared that the “uncertain regulatory environment has left both consumers and users of digital assets at risk.” The only participant in the hearing who directly pushed back on the U.S. government’s desire to (over)regulate digital assets was Senator Bernie Moreno (R-OH). “The government has this total and complete desire to control things,” said Senator Moreno, who went on to share that a number of recent technologies have been used for illicit purposes, not just crypto. “Why all of a sudden when we got to digital currencies did we think here in Washington, D.C. that we are going to decide the pace of innovation?” he concluded. Throughout the meeting, the subcommittee members asked the witnesses which jurisdictions around the world the U.S. should take cues from in modeling its digital asset regulatory framework. Massad made the case for Europe and the Markets in Crypto-Assets Regulation (MiCA) framework, which the European Union just put into effect, while Jachym suggested looking to states like Wyoming, where Kraken is based, to learn from the crypto laws the state’s legislature has passed . While the Senators on the subcommittee and the witnesses present offered various perspectives on the topics discussed, a certain sentiment permeated the hearing, which was that it’s high time politicians on both sides of the aisle come together to create clear rules of the road for the crypto industry. “Bipartisan support for crypto policy is no longer a distant goal on the horizon,” said Jachym, with a certain sense of relief. This post Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing first appeared on Bitcoin Magazine and is written by Frank Corva .
Bitcoin (BTC) price plunged to a new 120-day lows of $82,250 on Wednesday Feb 28 as US tech stocks sell-off spread bearish headwinds across the crypto sector. Markets data shows a prolonged selling spree among Bitcoin ETFs could escalate the BTC price downtrend further. Bitcoin (BTC) losses in February surpass 20% amid NVIDIA rally Bitcoin (BTC) remains under intense bearish pressure, sinking to fresh multi-month lows as macroeconomic uncertainty and aggressive capital rotation weigh on the market. BTC has now lost over 20% in February, marking its worst monthly performance since the FTX collapse in November 2022. NVIDA Price Action After Q4 Earnings Report, Feb 26 2025 While the BTC price decline has been primarily attributed to multiple macro factors, one of the biggest catalysts emerged from an unexpected source: NVIDIA’s explosive earnings report. The semiconductor giant posted $39.3 billion in Q4 revenue, marking a 12% increase quarter-over-quarter and a staggering 78% jump year-over-year. Profits also skyrocketed, with GAAP earnings per share (EPS) at $4.93, up 33% from the previous quarter, while non-GAAP EPS soared 28% to $5.16. This blockbuster performance triggered a 5% rally in NVIDIA’s stock, adding over $500 billion to its market capitalization within a single session. Bitcoin (BTC) Price Action Feb 26, 2025 As capital flooded into high-growth AI stocks, Bitcoin suffered. BTC price plunged 5% on Thursday alone, dropping from $86,680 to $82,256, highlighting a dramatic loss of investor confidence in digital assets. The sharp correction reflects mounting concerns over U.S. protectionist trade policies, geopolitical tensions, and sticky inflation, which could drive investors toward traditional equity markets rather than speculative assets like Bitcoin. Bitcoin ETFs bleed $2.1 billion in six consecutive days Beyond NVIDIA’s dominance in equity markets, Bitcoin’s downtrend has been reinforced by a persistent exodus of institutional capital from BTC exchange-traded funds (ETFs). According to, Bitcoin ETFs have recorded outflows for six straight trading sessions, wiping out $2.1 billion from the market. This trend began on February 18 and intensified after NVIDIA’s earnings, as investors reallocated funds toward high-performing tech stocks. Bitcoin ETF Flows, Feb 2025 | Source: Fairside Breakdown of Bitcoin ETF Outflows (Feb 18 – Feb 25), according to Fairside data: Feb 18: -$60.7M Feb 19: -$64.1M Feb 20: -$364.8M Feb 21: -$62.9M Feb 24: -$539.0M Feb 25: -$1.14B Total Outflows: $2.1 billion withdrawn in six days This persistent outflow suggests that institutional investors are shifting away from Bitcoin exposure in favor of equities. If NVIDIA’s rally continues and capital rotation intensifies, BTC could remain vulnerable to further downside. The absence of fresh inflows into BTC ETFs weakens Bitcoin’s support structure, raising the risk of a deeper correction below $80,000 in the short term. If macroeconomic pressures persist, BTC could struggle to reclaim its psychological support at $85,000, leaving it exposed to further losses. Bitcoin is facing a perfect storm of capital flight, macroeconomic uncertainty, and an AI-driven stock market frenzy. The $2.1 billion ETF outflow underscores investor hesitancy, with BTC’s February losses now exceeding 20%. With NVIDIA absorbing billions in liquidity, Bitcoin’s short-term trajectory hinges on whether capital outflows slow or accelerate. If AI stocks continue their ascent and BTC ETF redemptions persist, Bitcoin could be at risk of testing $80,000 sooner rather than later. BTC Price Forecast: $80K support at risk Bitcoin price forecast charts show momentum remains under severe bearish pressure, with BTC trading at $84,784 after a 20.53% decline over the past 26 days. The sell-off has intensified as BTC breaks below key support levels, with Bollinger Bands (BB) indicating extreme volatility. The price is now hovering near the lower BB at $86,736, while the upper BB sits at $102,907, highlighting the magnitude of recent downside moves. BTC Price Forecast The Relative Strength Index (RSI) has plunged to 25.92, a deeply oversold level not seen in months. Historically, RSI below 30 suggests that BTC could be due for a short-term relief rally. However, the downtrend remains strong as the RSI continues to trend lower, confirming sustained selling momentum. If Bitcoin fails to reclaim the mid-BB resistance at $94,822, bearish pressure could drive BTC toward the psychological $80,000 level, where buyers may attempt to re-enter. Despite the bearish breakdown, a potential short-term bounce remains possible if BTC stabilizes above $84,500 and RSI begins to recover. If Bitcoin closes a daily candle above $86,736, bulls may regain control and push prices toward $90,000. However, failure to hold above $84,000 could accelerate losses, exposing BTC to a steeper drop below $80,000 in the coming sessions. The post Bitcoin Price Analysis: NVIDIA exposes BTC to $80K breakdown risk as ETFs bleed $2.1B in 6 days appeared first on CoinGape .
Bitcoin experienced its biggest price drop in recent days, finally breaking out of the price compression that had been building since early February. After weeks of sideways trading and uncertainty, BTC lost weekly support around the $90K level, sending shockwaves through the market. This drop has fueled speculation about a potential bear market, with investors fearing further downside. Market sentiment is turning increasingly bearish as selling pressure accelerates. CryptoQuant analyst Axel Adler shared key on-chain data revealing that in the last 24 hours, 79.3K BTC were sold at a loss on exchanges. This is a clear sign of panic selling, with short-term holders capitulating as prices decline. Despite the negative outlook, analysts remain divided on whether this is just a short-term correction or the beginning of a longer bearish phase. The next few days will be crucial as BTC attempts to find strong support and determine its next major move. Will bulls step in to defend key levels , or is Bitcoin set for an even deeper decline? All eyes are now on BTC’s ability to reclaim lost ground. Bitcoin Faces Heavy Sell-Off Bitcoin is trading below its mid-November highs, which were set post-election when President Trump’s victory was announced. Since then, BTC has been on a steady decline, and now, fear has taken over the market as prices keep retracing. Speculation about a potential bear market is growing, with many investors worried that Bitcoin’s bull run could be coming to an end. Analysts and traders remain cautious as BTC attempts to reclaim key levels and reverse the bearish trend that has defined price action in recent weeks. So far, Bitcoin has struggled to find strong support, making investors anxious about whether further declines are coming. To add to this uncertainty, Adler’s data reveals that the 79.3K BTC sold at a loss on exchanges in the last 24 hours marks the largest Bitcoin sell-off of 2025, highlighting the level of panic among short-term holders. Historically, sell-offs of this magnitude can signal one of two things: either a market bottom is forming as weak hands capitulate, or it marks the start of a deeper bearish phase. The next few trading sessions will be crucial as Bitcoin fights to regain key support levels. If BTC fails to recover soon, the market may be in for a prolonged bearish trend. Price Drops Below $90K Bitcoin is trading at $88,400 after enduring days of massive selling pressure, with the price plummeting below key demand levels. BTC recently tagged the 200-day exponential moving average (EMA), a critical indicator of long-term market strength. This level typically acts as a strong support zone, but if BTC fails to hold, it could signal further downside. Bulls now face a crucial test—they must reclaim the $90K level and push above $95K to confirm a recovery rally. Breaking above these levels would shift the momentum back in favor of the bulls and could trigger a renewed push toward $100K. However, if BTC loses its current support zone, it could lead to a deeper correction, potentially sending the price into lower demand areas. Investors and analysts are closely watching whether Bitcoin can stabilize at these levels or if another wave of selling pressure will drive prices even lower. With market sentiment leaning bearish, Bitcoin needs a strong bounce soon to avoid further downside risk. The coming days will be critical, as a failure to hold the 200-day EMA could confirm a more extended bearish phase for BTC. Featured image from Dall-E, chart from TradingView
A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again. Pseudonymous trader Pentoshi tells his 858,600 followers on the social media platform X that altcoins now have less potential to print the same level of gains seen in 2017-2021 because the market has significantly expanded and the total market cap started at a much higher level this cycle. “Well some updated thoughts. I think for alts, we will never see a run like 2017-2021 again. But I also said that previous to this run. The space is just way too big now, with hundreds of millions of people, whereas there, we really did start at 0 for DeFi (decentralized finance) and in 2017 all alts combined were $13 billion. We just started at such a high floor.” He also says that the robotics and artificial intelligence (AI) sector may start dominating investor interest at the expense of alts. “I also believe the next bubble won’t even be in crypto. It’s likely going to be in robotics/AI. 50% of the global GDP is labor, a $50 trillion annual market… These fields are moving at lightning speed and likely to have the most allocations. Of course, there will be big opportunities here, a lot of that will end up back in utility too. Memecoins I think are too extractive, and while people call utility a meme, they have stood the test of time.” However, the veteran trader says there still remains the potential this cycle for the total crypto market cap to surge to around $4.4 trillion. The total crypto market cap is $2.97 trillion at time of writing, down 8.9% in the last 24 hours. “It’s just a maturing market, and for most of us. We got in pretty damn early and got to capture immense upside. It just isn’t realistic to expect the cycles of the past because eventually returns would be smoothed out. It couldn’t last forever. It takes far more now to move the capital than before. I never expected anything wild this cycle, my expectations for alts were maybe 2x the previous highs and for total [crypto market cap] to reach $4.4 trillion or so, which was a pretty conservative estimate. We may still even get there yet. But I think we need to set realistic expectations for alts in general and the market.” 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 2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why appeared first on The Daily Hodl .
Assessing recovery odds of ADA amid ETF speculation and BTC dominance dip.
According to recent analysis by on-chain expert Wu Jinyu, significant movements in the cryptocurrency market have drawn attention to whale activity. In September, a notable whale invested $25.33 million, procuring