Babylon aims to address Bitcoin's technical shortcomings in the DeFi sector. The protocol shows significant development activity, enhancing user trust and innovation potential. Continue Reading: Bitcoin-Based Babylon Stake Protocol Boosts Development Efforts The post Bitcoin-Based Babylon Stake Protocol Boosts Development Efforts appeared first on COINTURK NEWS .
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A breach of the $4,000 mark for the Ethereum price has looked almost like a certainty over the past two weeks, with the altcoin hovering around $3,900 in the last few days. However, this almost-certain event took a different turn after the price of ETH suddenly succumbed to severe bearish pressure. On Friday, August 1, the Ethereum price suffered a significant downturn, briefly falling below the $3,500 mark. While this has cast doubts on the likelihood of ETH returning above the psychological $4,000 level and perhaps reaching a new all-time high, recent on-chain indicators suggest that the “king of altcoins” might not be done just yet. ETH MVRV Ratio In 7-Year Downtrend In a Friday post on the X platform, crypto analyst Burak Kesmeci said that the Ethereum price might still have something in the tank despite its struggles going into the weekend. This evaluation is based on the MVRV ratio, which measures the ratio between an asset’s market capitalization and realized capitalization. Related Reading: XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance The Market Value to Realized Value (MVRV) ratio, as the name suggests, is typically used to evaluate whether a cryptocurrency (ETH, in this case) is overvalued or not. According to on-chain analytics firm CryptoQuant, an overvalued asset usually has an MVRV ratio greater than 3.7 while a ratio below 1 indicates undervaluation. Kesmeci explained in his post that the ETH MVRV has been in a downtrend since 2018 and may be close to breaking it. However, as shown in the chart, Ether’s MVRV recently suffered rejection at a long-term resistance level — which explains the level of profit-taking seen in the past few days. Nonetheless, Kesmeci still expects Ethereum to still break this seven-year resistance level, considering the institutional interest being enjoyed by ETH at the moment. For instance, as the on-chain analyst duly noted, the US-based spot ETH ETFs have seen a record amount of capital inflows in the past few weeks. As for the altcoin’s movement, Kesmeci expects the Ethereum price to resume its upward trend as long as the MVRV ratio stays above the 365-day simple moving average (white). If this remains the case, a return above $4,000 for the second-largest cryptocurrency might then come sooner rather than later. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,523, reflecting a 5% decline in the past 24 hours. Related Reading: XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter Featured image from iStock, chart from TradingView
Technical analysis showed that Chainlink bulls might have a chance of reversing the retracement from $19.5.
Cardano (ADA) is back in focus following new AI-based predictions showing a major potential surge by 2026. According to analysis from Perplexity AI, ADA could reach a value that would represent a 39x return from its current price of $0.7744—a move that would push the token well past its previous all-time high of $3.10. For traders seeking early exposure before the broader public catches on, this projection has sparked fresh optimism. At the time of writing, Cardano holds a market cap of $27.42 billion, ranking it as the 10th-largest crypto. While the token dipped nearly 6.7% over the past week, the bigger picture looks increasingly bullish as development ramps up and major events like the Midnight airdrop bring new attention to the ecosystem. A new altcoin, MAGACOIN FINANCE, has also started appearing on people’s radars for investors seeking high-risk, high-reward entries. Positioned as a politically-charged alternative to traditional memecoins, MAGACOIN is riding strong community momentum. With multiple presale rounds selling out in record time, analysts are now pointing to the project’s potential to deliver over 12,000% ROI . As the presale approaches its final stage, early buyers are rushing to secure a stake before the token lists on major exchanges. Why Analysts Are Still Bullish on ADA Despite recent dips, ADA has retained solid network growth and development activity. The upcoming upgrades in governance, scalability, and interoperability remain a central part of its roadmap. Combine that with rising speculation around potential U.S. ETF listings, and Cardano could be in the early stages of a new long-term accumulation phase. If ADA follows even a fraction of the AI model’s upper-bound forecast, a $5,000 position today could hypothetically reach nearly $195,000 by 2026 . Of course, those gains are far from guaranteed—but long-term holders are clearly betting on more than just hype. Conclusion Perplexity AI’s projection for Cardano reinforces growing confidence in its long-term potential . And as alternative tokens like MAGACOIN FINANCE capture investor excitement with bold ROI targets and strong presale performance, the race for next-cycle gains is heating up. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Cardano Forecast: What’s Coming in 2026?
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BitcoinWorld Bitcoin Price Drop: Understanding the Recent Market Shock The cryptocurrency market is once again showing its characteristic volatility, with a notable Bitcoin price drop capturing global attention. Recent market monitoring indicates BTC dipped below $112,000, trading at $111,964.01 on the Binance USDT market. This sudden downward movement sparks questions about the digital asset landscape’s immediate future. For both seasoned traders and new entrants, understanding these dynamics is crucial. What drives this downturn, and what might it signify for your portfolio? Let’s delve in. What Does the Recent Bitcoin Price Drop Mean for Investors? A Bitcoin price drop immediately ripples across the broader crypto ecosystem. As the largest digital asset, Bitcoin’s movements often dictate altcoin direction. When BTC declines, it typically pulls others down, leading to widespread portfolio adjustments and increased market anxiety. For investors, this means unrealized losses, especially for those who entered at higher prices. However, it also presents opportunities for strategic accumulation for long-term perspectives. Bitcoin is currently trading around $111,964.01. This level is a critical psychological and technical support. A sustained break below could signal further downward momentum, while a quick recovery indicates strong buying interest. The market is in flux, where every tick influences sentiment. Metric Value (Approx.) Significance Current Price $111,964.01 Recent trading level on Binance USDT. Previous Support Level $112,000 Key psychological and technical threshold. Market Sentiment Cautious/Bearish Driven by current downward price action. What Factors Contribute to a Bitcoin Price Drop? Several factors can trigger a significant Bitcoin price drop . Understanding these is essential for navigating crypto markets. It’s rarely a single cause, but a confluence of events. Macroeconomic Conditions: Global instability, inflation, interest rate hikes, or geopolitical tensions lead investors to de-risk, selling speculative assets like crypto for safer havens. Regulatory Scrutiny: News of stricter regulations, bans, or increased tax pressures creates uncertainty and panic selling. Governments’ evolving stances significantly affect sentiment. Whale Movements: Large Bitcoin holders (“whales”) influence the market. A sudden large sale floods the market, causing rapid price decline. Technical Analysis Breakdowns: When key support levels break or bearish patterns emerge, trading systems and human traders sell, exacerbating downward pressure. The $112,000 level is a critical technical point. Negative News or FUD: “Fear, Uncertainty, and Doubt” spreads rapidly. Reports of exchange hacks, project failures, or misinformation erode confidence and trigger sell-offs. How Have Past Bitcoin Price Drops Recovered? History provides context for a current Bitcoin price drop . Bitcoin has experienced numerous significant corrections and bear markets, only to recover and reach new all-time highs. These past cycles show the asset’s resilience and long-term adoption trends. For example, Bitcoin endured a massive bear market in 2018, falling from nearly $20,000 to around $3,000. In May 2021, it saw a substantial correction from its then-all-time high of over $60,000. In both instances, after consolidation, Bitcoin eventually regained upward momentum. This historical pattern suggests that while current dips are alarming, they are often part of Bitcoin’s volatile but generally upward long-term trajectory. Investors must differentiate between temporary corrections and fundamental market shifts. What Are Actionable Strategies During a Bitcoin Price Drop? Navigating a Bitcoin price drop requires a calm, strategic approach. Panic selling often leads to regret. Instead, consider these actionable insights: Dollar-Cost Averaging (DCA): Invest a fixed amount at regular intervals, regardless of price. This averages your purchase price, reducing volatility risk. Rebalance Your Portfolio: A downturn can be an opportune time to re-evaluate asset allocation. Adjust holdings to align with long-term goals and risk tolerance. Conduct Thorough Research: Use this period to deepen understanding of your investments. Revisit whitepapers, assess development, and evaluate underlying technology. Manage Risk: Never invest more than you can afford to lose. Set stop-loss orders for active trading. For long-term investors, simply holding (“HODLing”) can be viable if conviction remains strong. Stay Informed, Not Overwhelmed: Follow reputable sources, but avoid constant market chatter. Focus on factual updates and long-term trends. What Does the Future Hold After This Bitcoin Price Drop? Predicting Bitcoin’s exact trajectory after a Bitcoin price drop is challenging, given the multitude of influencing factors. However, increasing institutional interest and broader adoption suggest underlying support even during volatility. Analysts will watch key metrics: trading volume, funding rates on perpetual futures, and macro indicators like inflation reports. A quick bounce back above $112,000 could indicate a false breakdown, while prolonged trading below this level might suggest further downside. Bitcoin’s long-term value proposition remains tied to its scarcity, decentralization, and increasing utility. The recent Bitcoin price drop serves as a potent reminder of the cryptocurrency market’s inherent volatility. While unsettling, such dips are a normal part of asset cycles. For investors, the key is to approach these periods with a clear strategy, informed decisions, and a focus on long-term goals. By understanding causes, learning from history, and implementing sound risk management, one can navigate challenging times effectively and potentially position for future growth. The crypto journey is a rollercoaster; knowledge is your best seatbelt. The recent Bitcoin price drop is a common occurrence in crypto markets. Bitcoin Price Drop: Understanding the Recent Market Shock Frequently Asked Questions About Bitcoin Price Drops Q1: Is this Bitcoin price drop a sign of a bear market? A: A single price drop doesn’t automatically signal a long-term bear market. It could be a short-term correction. A bear market is sustained downward trends over months. Q2: What should I do if my Bitcoin investment is losing value? A: Actions should align with your strategy. Options include holding, dollar-cost averaging, or rebalancing. Avoid emotional decisions. Q3: How long do Bitcoin price drops typically last? A: Duration varies. Some corrections last days/weeks, others months. Historical data shows recoveries happen, but timelines are unpredictable. Q4: Can regulatory news cause a significant Bitcoin price drop? A: Yes, regulatory news is a major catalyst. New regulations, bans, or increased scrutiny can create uncertainty and fear, leading to rapid sell-offs and a notable Bitcoin price drop . Q5: Is it a good time to buy Bitcoin after a price drop? A: Many view a Bitcoin price drop as a “buy the dip” opportunity. However, it depends on your financial situation, risk appetite, and long-term outlook. Do your own research. Was this analysis of the recent Bitcoin price drop helpful? Share your thoughts and insights with your network! Engage with us on social media and spread the word to help others understand the dynamic world of cryptocurrency. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price market. This post Bitcoin Price Drop: Understanding the Recent Market Shock first appeared on BitcoinWorld and is written by Editorial Team
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The Bank of England (BOE) is widely expected to lower its benchmark interest rate by 25 basis points to 4% on Thursday, continuing its once-a-quarter easing cycle as Britain’s fragile economy struggles with tepid demand, rising unemployment, and tax-heavy policy. According to Bloomberg data, traders are nearly unanimous in predicting the cut, even as inflation recently clocked its fastest pace in 17 months. The Monetary Policy Committee (MPC) appears to be prioritizing recessionary risks over price pressures—unlike the US Federal Reserve, which left rates unchanged again this week. BOE weighs growth risks against inflation The BOE’s dovish stance comes on the back of two consecutive quarters of GDP contraction and a marked decline in hiring activity. Reacting to the Labour government’s first budget, employers have dialed back workforce expansion after being hit with a £26 billion ($34.5 billion) payroll tax hike and a sharp minimum wage increase. BOE Governor Andrew Bailey has repeatedly signaled a preference for gradual easing, maintaining that the inflation surge is likely temporary. Still, Thursday’s meeting will coincide with the release of a fresh set of quarterly forecasts—updated from May, when officials underestimated price momentum. “We think the central bank will be cautious about signaling more rate cuts are in the offing – inflation has surprised to the upside and price expectations are elevated,” said Dan Hanson, Chief UK Economist at Bloomberg Economics. Markets will be watching closely for any cues on the BOE’s bond portfolio plans. With the next quantitative tightening (QT) decision due in September, speculation is growing that the central bank might scale back active gilt sales amid recent volatility in long-dated UK bond yields. Global central banks diverge on rates as trade pressures mount The BOE isn’t the only central bank in action this week. Mexico’s Banxico is expected to deliver its ninth consecutive rate cut, bringing its benchmark rate to 7.75%, despite newly extended US tariffs. On the other hand, Lesotho’s central bank is forecast to reduce its rate to 6.75%, responding to severe export losses under the Trump administration’s trade policy. In contrast, the Czech Republic, Serbia, and Romania are holding steady rates in light of mixed inflation and fiscal signals. In the US, fresh trade data on Tuesday is expected to show a narrowing goods-and-services deficit for June, after months of import declines. Services PMI from ISM will also give insight into the strength of the largest segment of the American economy. The July jobs report disappointed markets, and Fed Chair Jerome Powell held rates steady, citing persistent economic uncertainty. With Fed Governor Adriana Kugler announcing her early resignation, attention is now turning to who the White House might tap to replace her—and potentially succeed Powell in May. Global markets react as trade tensions and inflation data drive rate decisions Across Asia, a flurry of economic reports will shed light on how the region is coping with Trump’s Aug. 1 tariff escalation. Inflation updates from South Korea, the Philippines, Taiwan, and Thailand are expected to show mostly contained pressures, giving room for more rate cuts. The second-quarter GDP from Indonesia and the Philippines will be closely watched, while export data from Vietnam, Australia, and China may reflect pre-tariff acceleration. A key chip exporter, Taiwan, will cap the week with fresh trade figures. In Europe, industrial and trade reports from Germany, France, Italy, and Spain could lead to revisions in GDP. Eurostat confirmed 0.1% quarterly growth for the eurozone in Q2. Meanwhile, Switzerland faces fallout from Trump’s 39% tariff, and inflation is expected to remain at 0.1%. Swedish inflation is forecast to surge past 3% on the CPIF measure, likely delaying further monetary easing. In Turkey, inflation may ease to 34% annually despite new price hikes, while the central bank remains on track to cut rates in September. Mexico’s central bank is poised for a 25bps cut in Latin America, its ninth straight, amid slowing inflation. Brazil, by contrast, is expected to remain on hold at 15%, with easing not likely before 2026. Colombia, facing fiscal strain and sticky inflation, will release its quarterly inflation report and central bank minutes. At the same time, CPI data from Chile and Mexico will help shape the region’s policy outlook. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
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