Two of the largest cryptocurrencies, Bitcoin and Ethereum, fell sharply today as fears of prolonged inflation weighed on global markets. Bitcoin and Ethereum Prices Drop Amid Inflation Concerns, Market Volatility Bitcoin (BTC): After briefly breaking the $100,000 mark earlier this week, it fell 5% to $96,527. Ethereum (ETH): It fell 8.5% in the last 24 hours to $3,314. Other Cryptocurrencies: Major tokens like Dogecoin (DOGE) and Avalanche (AVAX) saw losses exceeding 10%. Macro Fears Trigger Market Pullback The decline follows macroeconomic signals pointing to persistent inflation and tighter monetary policies. Stock Market Impact: U.S. stocks also declined, with the NASDAQ and S&P 500 down more than 1% on Tuesday. Inflation Concerns: Faster-than-expected growth in the U.S. economy, according to ISM data, has fueled concerns about long-term inflation. Bond Yields Rise: The yield on 10-year Treasury notes rose to their highest level since April, reflecting investors' concerns. “Both crypto and traditional markets are reacting to the Federal Reserve’s decision to maintain higher interest rates for longer, coupled with inflation fears,” said Min Jung, an analyst at Presto Research. The Federal Reserve and Market Sentiment Comments by Federal Reserve Chairman Jerome Powell in December hinted at a determined approach to inflation control, dampening hopes that interest rates would be cut soon. Analysts expect the Fed to keep its target interest rate between 4.25% and 4.5% at its meeting on Jan. 29, according to the CME FedWatch Tool. “Jerome Powell’s comments in December, coupled with stronger-than-expected U.S. economic data, have heightened market jitters and led to increased volatility across both crypto and traditional asset classes,” said Rachael Lucas, crypto analyst at BTC Markets. Trump’s Inauguration Holds Major Importance President-elect Donald Trump's inauguration on January 20th increases uncertainty in the market. Analysts suggest that Trump’s crypto-friendly administration could signal a shift in US economic and cryptocurrency policies, with key appointments such as Scott Bessent as Treasury Secretary and Elon Musk as advisor. *This is not investment advice. Continue Reading: Bitcoin Couldn't Hold Above $100,000! Here Are the Factors That Triggered the Fall!
Bitcoin has surged over 50% since November 2024. Technical analysis reveals potential bearish patterns and key support levels. Continue Reading: Bitcoin Faces Potential Decline as Patterns Signal Caution The post Bitcoin Faces Potential Decline as Patterns Signal Caution appeared first on COINTURK NEWS .
Bitcoin's drop from $102K to $96K in a day marks the second shake-up in under a month. Is this the beginning of the end?
Bitcoin ETFs have become a focal point in the crypto landscape, showcasing significant volatility as both optimism and caution permeate the market. Tuesday saw a stark contrast in Bitcoin ETF
BNB Designated as Strategic Reserve Asset in Bhutan, Says CZ ————— 💰Coin: BNB ( $BNB ) $696.90 ————— NFA.
Bitcoin’s recent surge beyond $100,000 signals a pivotal moment as it begins to diverge from traditional equity markets, hinting at a potential new bull run. Analysts are observing a significant
Hyperliquid (HYPE) token is once again in the spotlight as validators have raised concerns about its centralization and lack of transparency. The topics of major challenges including closed source code, centralized API dependence, and closed decentralization have generated discussions across crypto. As a result, HYPE token price suffered a sharp drop of 15% in the last 24 hours amid the broader market volatility. With increasing demands for transparency, the project’s future remains under a critical challenge . Hyperliquid Responds to Validator Decentralization Concerns Hyperliquid has come under fire following claims about decentralization flaws raised by Kam , a well-known figure in the crypto community. Kam, in a detailed post on X, highlighted concerns about the platform’s validator structure, accusing it of being overly centralized and closed to wider participation. He also alleged that the current system restricts competition and creates barriers for validators outside the initial testnet participants. In so doing, Hyperliquid released a press statement in response to the accusations. The platform emphasized that all validators earned their positions based solely on testnet performance, rejecting accusations that seats could be purchased. Hyperliquid noted that such allegations trivialize the effort taken, by validators who dedicated a lot of time to learning and aiding to evolve the system. In an effort to further decentralize the network, the exchange has announced plans to develop the validator set as the blockchain ages. The Foundation Delegation Program is introduced to back the high-level validator and build up a more decentralized ecosystem. The group also dispelled the misconception about API server availability, that it is possible to run any server pointing to any node. Hyperliquid addressed concerns about the closed-code status of its existing node. The platform assured users that open sourcing will happen once development stabilizes and becomes secure. Hyperliquid’s Stance on Testnet Tokens and Market Innovation Responding to calls about testnet tokens, Hyperliquid restaffed the company’s position against a black market for testnet HYPE. This also presented current work to better the participation onboarding of subjects. The platform reaffirmed its commitment to fast innovation. It aims to put all financial transactions on-chain in a transparent and inclusive way. At the same time, dYdX’s CEO, in another statement, commented on the current controversy in that the criticisms against Hyperliquid’s validator model. He added that it is common for early-stage projects to face scrutiny regarding centralization as they scale and mature. He acknowledged the criticisms but stressed the need for robust technical systems. HYPE Token Price Drops Amid Concerns HYPE token has dropped sharply by 15% over the 24 hours to date and was trading at $21.62. The 24-hour low and high were $21.25 and $26.29, respectively. The market cap of the token was $7.24 billion and the trading volume was $213 million. As per Coinglass data, Hyperliquid Futures’ trading volume reached $7.45 billion, with $3.47 billion in open interest. HYPE Price Meanwhile, this Hyperliquid concern also comes amid soaring interest in the HYPE token. Notably, despite the recent dip, the token has added about 64% over the last 30 days. Besides, a recent CoinGape report showed that Solana’s price fell after a whale dumped its Solana reserves and exchanged them for HYPE . On the other hand, Hyperliquid mainnet has recently revealed a major update, which has also fueled market optimism. In a recent announcement, the project introduced the HYPE token staking feature on its decentralized exchange. The post Hyperliquid Under Fire As Validators Expose Key Decentralization Flaws appeared first on CoinGape .
The post Solana Price Hits Shallow Waters, To Retest $181 Before the $300 Mark? appeared first on Coinpedia Fintech News The cryptocurrency market has experienced a strong bearish pullback in the past 24 hours. This has resulted in top tokens breaking down their important support levels. Moreover, the SOL price has recorded a similar price action by dropping below its $200 watch level. Will the self-claimed “Ethereum-Killer” regain momentum and surpass the Binance (BNB) token to become the 05th most valued crypto token by this weekend? In this article, we present the possible short-term possibilities of the Solana (SOL) token. SOL Price Loses ~10%, Stands Below $200! The Solana price has plunged below its important price level of $200 with an intraday drop of 9.62%. Notably, with a trading volume of $5.243 billion, this altcoin has experienced a significant setback this week, indicating an increase in the bearish influence. TradingView: SOL/USDT With a Year-to-Date (YTD) return of +3.48% and a market capitalization of $94.719 billion, the Solana crypto is currently the 06th largest cryptocurrency by valuation. Solana (SOL) Technical Sentiments The Relative Strength Index (RSI) records a sharp decline below the neutral point of the SOL price chart in the daily time frame. Further, with its average trendline recording a bearish convergence, this altcoin may continue losing value this week. The EMA 50-day shows a negative curve in the Solana price chart, indicating a bearish price sentiment. However, the 200-day EMA is strong support, highlighting room for a potential bullish reversal in the upcoming time. Is Solana A Hold Or Sell? If a bullish reversal occurs, the SOL coin price could reclaim the $200 mark and head toward its important resistance level of $209. Suppose, the bullish sentiment sustains at that point, this could push the price of this altcoin toward its upper high of $225. Conversely, if the bears outrun the bulls, the Solana token could drop toward its support level of $190. Moreover, if the bearish sentiment intensifies, this could pull the price toward its crucial support level of $181. Curious to find out if the SOL crypto coin will ever reach $1000? Read CoinPedia’s Solana Price Prediction to uncover the possible mysteries until 2030! FAQs How much is Solana worth today? With a 24-hour trading volume of $5.099 billion, the SOL crypto token is presently exchanging hands at $196.04. How much will 1 Solana be worth in 2025? With a potential Solana ETF filing, its native token could conclude the year with a high of $400. What was Solana’s highest price in history? The all-time high (ATH) of SOL coin is $263.83 and was recorded on 23rd November 2024.
Analyst and trader Kevin Svenson believes that the most explosive phase of the cycle for altcoins is still to come. In a new strategy session, Svenson tells his 81,300 YouTube subscribers that based on historic precedence the TOTAL3 chart may soon have an astronomical breakout. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin ( BTC ), Ethereum ( ETH ) and stablecoins. “[In 2021] Bitcoin got to a really high price and just started chopping. And when it was chopping around, the TOTAL3 went to the moon.” Source: Kevin Svenson/YouTube Svenson predicts that the most explosive season for the alts will start around the 40th week after the halving event in April 2024, when miners’ rewards were cut in half, which would be around the end of January. “So in this cycle right now the altcoins are currently not even the 40th week post-halving. We haven’t even gotten the all-time high break. In the last cycle, when you broke that high, it was 170% for the TOTAL3 as a whole, 170% up. Maybe it won’t be as much a percent, but still, there’s a major move ahead of us… The most bullish part of the cycle has not even started yet, hasn’t even begun yet. So we have multiple more weeks to go where Bitcoin could get really, really bullish and continue to be bullish. And the altcoins also will look for a major pump over the next couple of months, in my opinion.” Source: Kevin Svenson/YouTube Looking at his chart, the analyst suggests the TOTAL3 market cap may reach around $2 trillion for the cycle peak, up from the current $982.2 billion. Svenson also believes that the flagship crypto’s dominance level (BTC.D) will soon start to decline. The BTC.D is the ratio between the market cap of BTC versus the market cap of all crypto assets combined. “What you’ll notice in previous cycles is that right after the 40th week – the halving takes place, 40 weeks later – that’s when [Bitcoin] dominance really starts to plummet… Once we get into this green zone past the 40th week that’s when I think Bitcoin dominance is going to start to take a big tumble, and altcoins are going to take over in dominance.” Looking at his chart, the analyst suggests that BTC.D may dip to around 42% within six months. Source: Kevin Svenson/YouTube At time of writing, BTC.D is at 58.01%. ? 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 Most Bullish Part of Altcoin Cycle Hasn’t Even Begun Yet, According to Analyst Kevin Svenson appeared first on The Daily Hodl .
Victoria, Seychelles, January 8th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has launched ZENUSDT perpetual futures trading with a maximum leverage of 75x, effective January 6, 2025, at 20:00 (UTC+8). This launch introduces advanced trading opportunities, complemented by support for futures trading bots, enabling users to automate strategies and optimize their trading performance. ZENUSDT-M perpetual futures are settled in USDT and offer a tick size of 0.001, with funding fees settled every eight hours. Trading is available 24/7, ensuring continuous access to the market. Users can access this feature through the official Bitget website or the Bitget app, making trading flexible and convenient for global participants. To maintain a secure and efficient trading environment, Bitget retains the discretion to adjust key parameters such as tick size, maximum leverage, and maintenance margin rates based on prevailing market conditions. This proactive risk management approach ensures optimal trading performance while safeguarding users against market volatility. Comprehensive Futures Offerings Bitget’s futures platform includes USDT-M Futures, Coin-M Futures, and USDC-M Futures: USDT-M Futures: Utilize USDT for all trading pairs, allowing users to manage multiple futures contracts under a unified account. Profits, losses, and risks are consolidated within the same equity pool for streamlined portfolio management. Coin-M Futures: Trade using the underlying asset as collateral for settlements. USDC-M Futures: Designed for settlements in USDC, catering to a wider array of trading preferences. This addition to Bitget’s extensive futures lineup reflects the platform’s commitment to empowering traders with innovative tools, flexible options, and a robust trading ecosystem. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in the EASTERN, SEA, and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . Contact Public Relations Media Bitget media@bitget.com