On January 9th, COINOTAG News disclosed significant developments in the cryptocurrency landscape, particularly regarding Backpack and its involvement with FTX EU. Following a court-review incident revealing that FTX’s acquisition in
Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level. Bitcoin started a fresh decline from the $97,500 resistance zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Below $95K Bitcoin price failed to start a recovery wave above the $98,000 resistance . BTC remained in a short-term bearish zone and extended losses below the $96,500 level. There was a clear move below the $95,000 support zone. The price even traded below $93,200. A low was formed at $92,501 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $102,760 swing high to the $92,500 low. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $95,000 level. There is also a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair. The first key resistance is near the $96,500 level. A clear move above the $96,500 resistance might send the price higher. The next key resistance could be $97,500 or the 50% Fib retracement level of the recent decline from the $102,760 swing high to the $92,500 low. A close above the $97,500 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $93,500 level. The first major support is near the $92,500 level. The next support is now near the $92,000 zone. Any more losses might send the price toward the $91,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $93,500, followed by $92,500. Major Resistance Levels – $95,000 and $96,500.
Ethereum Layer 2 StarkNet has released a new software called SN Stack that allows developers and users to build custom blockchains, according to a Jan. 8 X post . “At StarkWare, we’ve seen teams across the globe reach out asking to use technology underlying Starknet STARK-based ZK-rollups to build their own chains,” said Leo Sizaret, Business Development Manager at StarkWare (Isreal-based blockchain firm that developed Starknet) in the X post. “Now, after years of battle-testing our technology, StarkWare is making its technology stack publicly available. Now, any team can build and run their own chain with ease on the StarkWare stack,” Sizaret said. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
A dinner between Ripple’s leadership and President-elect Trump has sparked speculation that Ripple’s legal battle with the SEC may soon conclude, potentially reshaping crypto regulation. Ripple’s Trump Meeting Could End SEC War – Is XRP About to Skyrocket? Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with President-elect Donald
The sale of seized Bitcoin could impact cryptocurrency markets and set precedents for handling digital assets in legal contexts. The post DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road appeared first on Crypto Briefing .
The US Department of Justice has received approval to liquidate approximately $6.5 billion in Bitcoin, associated with the notorious Silk Road case. This substantial amount, resulting from the federal agency’s
Benjamin Cowen links Bitcoin’s price to historical QQQ ETF performance. The potential for Bitcoin’s volatility requires investor caution and risk management. Continue Reading: Benjamin Cowen Predicts Bitcoin’s Path Based on QQQ ETF History The post Benjamin Cowen Predicts Bitcoin’s Path Based on QQQ ETF History appeared first on COINTURK NEWS .
According to recent insights from Blocktrends Research Director Cauê Oliveira, following an impressive surge to an all-time high at the close of 2024, Bitcoin witnessed a notable decline as institutional
POPCAT [POPCAT] faces significant downside pressure, with projections indicating a potential drop of 42% to the $0.38 support level amidst market volatility. The current bearish sentiment is exacerbated by a
Binance Coin (BNB) is currently seeing growth as strong BNB bullish sentiment helps maintain its price around $700, indicating potential for more increases. At the same time, the Polkadot ecosystem is prospering, marked by significant strides such as a $210 million treasury and enhanced interoperability between networks. Moreover, BlockDAG’s partnership with Inter Milan is enhancing its international presence, crucial for boosting presale activity. This alliance has elevated its presale to over $176.5 million, making BlockDAG (BDAG) a prime candidate for the best crypto for 2025. BNB Bullish Sentiment Builds as Prices Stay Above $700 BNB’s bullish sentiment is intensifying as Binance Coin stabilizes around the crucial $700 mark. After breaking out of a downward channel, the cryptocurrency is testing previous resistance as support, hinting at potential bullish trends. An immediate resistance at $728 is an important barrier; overcoming it may lead to higher Fibonacci levels and a fresh upward surge. The BNB bullish sentiment is also highlighted by the Relative Strength Index (RSI), which, despite showing market uncertainty, points towards a potential decisive upward trend. Staying above $700 suggests more potential for an upward trajectory, whereas failing to overcome resistance could lead to a reevaluation of lower support levels at $684 and $671, possibly extending the correction period. Polkadot Ecosystem Achieves $210 Million Treasury The Polkadot ecosystem has exhibited impressive growth in 2024, with its Treasury reaching a new high of $210 million, or about 31 million DOT. This fiscal milestone emphasizes the ecosystem’s robustness, bolstered by Polkadot’s inflation mechanism to regenerate resources. Additionally, the ecosystem has seen a 300% increase in parachain transactions, with Kusama hitting a peak of 140,000 transactions per second during the “Spammening” event in December. The network has also rolled out three trustless bridges—Snowbridge, Polkadot-Kusama, and Hyperbridge—that improve cross-chain connections. Despite a 20% decrease in DOT prices in 2024, these achievements highlight the network’s ongoing dedication to innovation and broader adoption. BlockDAG and Inter Milan: Pioneering Global Crypto Reach Through Soccer BlockDAG’s collaboration with Inter Milan represents a significant advancement in global crypto adoption by uniting modern blockchain technology with the dynamic domain of one of soccer’s greatest teams. With a vast fanbase worldwide, Inter Milan provides BlockDAG an exceptional stage to display its pioneering technology. Showcasing at the famed San Siro Stadium during games offers unparalleled exposure, positioning BlockDAG as a familiar name not just in the blockchain community but among a global sports-loving audience as well. More than just enhancing visibility, this partnership fosters deep connections. Through BlockDAG’s blockchain, Inter Milan supporters can enjoy exclusive digital collectibles, unique content, and special experiences that enhance their connection with the team. Engagements that involve players and bespoke fan experiences strengthen this bond further. By integrating blockchain with sports, BlockDAG demonstrates how technology can revolutionize fan involvement, creating a community that feels more engaged than ever. Moreover, this collaboration has significantly driven the growth of BlockDAG’s coin. During its presale, the coin’s value increased by 2380%, from $0.001 in the first presale batch to $0.0248 by the 27th batch, accumulating over $176.5 million. With more than 17.7 billion coins sold, BlockDAG’s presale has become the largest on the market. This impressive growth, spurred by the partnership’s global visibility, establishes BlockDAG as a formidable contender for the best crypto for 2025 and cements its position in the blockchain sector. Key Insights & Future Crypto Leader The enduring BNB bullish sentiment signals its potential for further advancement as it remains stable above crucial price points, reinforcing its stature in the crypto market. The Polkadot ecosystem continues to demonstrate growth and innovation, with a treasury valued at $210 million and achievements in interoperability that encourage consistent adoption. However, BlockDAG is presenting the most compelling argument as the best crypto for 2025 . Its unprecedented presale success and a 2380% increase in coin value from the first batch underscore its robust momentum, while the Inter Milan partnership boosts its global profile. With the coin’s value escalating swiftly, those delaying their purchase might miss out on BlockDAG’s significant expansion. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Explore BNB’s Bullish Sentiment & the Growing Polkadot Ecosystem: BlockDAG Leads with Inter Milan Deal appeared first on TheCoinrise.com .