The Solana blockchain is facing significant scrutiny with its newly proposed inflation reduction plan, aimed at lowering the annual inflation rate from 5.7% to 1.5%. This initiative has elicited a
Bitcoin has gained 9.22% this week but dropped No data found for bitcoin on 7 seconds ago% in the past 24 hours after setting up a daily high of $105,784 on Friday. Why is BTC suddenly crashing today? This bearish development comes when the crypto market is confused about the recently launched TRUMP meme coin . Why is Bitcoin Price Crashing Today? Bitcoin price today trades at No data found for bitcoin on 7 seconds ago after dropping No data found for bitcoin on 7 seconds ago%. This short-term pullback comes after BTC registered a 19% gain since the January 13 low. Due to this sudden surge, investors who bought the dip are likely offloading or booking profits, which explains the small retracement. As a result of the recent uptrend drop, Ethereum (ETH) and Ripple (XRP) also registered No data found for ethereum on 7 seconds ago% and 17.83% gains, respectively. Solana (SOL), on the other hand, rose 10% today due to Trump’s meme coin. *bitcoin price updated as of No data found for bitcoin on 7 seconds ago Short-Term Holders Rush to Book Profits Santiment shows that the 7-day MVRV indicator hovers around the danger zone, which short-term investors often book profits. The 7-day Moving Average (MA) of this indicator drowns the noise and provides a good data point to identify where Bitcoin price could reverse. During consolidations, when the 7-day MA of this indicator reaches 3%, a reversal happens. Currently, BTC’s recent 18% rally has generated a similar top signal, hinting that BTC is primed for another correction. Bitcoin Price vs. 7-day MVRV chart During uptrends, these corrections are short-lived and are often reversed due to the buying pressure. Let’s take a look at the technical analysis and what it forecasts for BTC in the mid-to-long-term. BTC Price Analysis: What’s Next For Bitcoin? The four-hour chart shows Bitcoin has overcome the volume profile’s range high at $99.8K and set up a top at a key resistance level of $105.7K. Typically, when the price moves out of a range, it tends to trigger an impulsive move until it creates another consolidative range. Hence, Bitcoin price forecast notes that the recent breakout above $99.8K will lead to a leg up to a new all-time high. Due to the weekend, profit-taking might lead to a pullback into the buy zone, extending from $100.4K to $99.1K. If buyers defend this retracement, BTC’s value could inflate, targeting a new all-time high (ATH). BTC/USDT 4-hour chart Fibonacci Tool Forecasts Key Levels To Sell BTC In the past two months, Bitcoin created a high of $108,421 and a low of $89,100. Using the Fibonacci tool to these two swing points reveals a target of $120,362.3. However, investors should watch for a bounce around the $100K level for an impulsive move to the upside. The key levels to book profits or sell BTC are $100K, $115K & $120K. These areas are where investors should watch for strong reversals or exhaustion that leads to reversal. Conclusion In conclusion, Bitcoin’s sudden crash comes as no surprise, given the recent surge and short-term holders’ eagerness to book profits. While the 7-day MVRV indicator suggests a potential reversal, the Fibonacci tool forecast and technical analysis indicate a bullish outlook for Bitcoin in the mid-to-long term. As the market navigates the current volatility, investors should keep a close eye on key levels, including $100K, $115K, and $120K, to capitalize on potential reversals or impulsive moves to the upside. The post Bitcoin Price Down Today: Why Is BTC Crashing Suddenly? appeared first on CoinGape .
Frank Corva shares insights on Bitcoin investment strategies and risks. He emphasizes maintaining a cash reserve for financial flexibility. Continue Reading: Navigate Bitcoin Investments with Practical Advice from Expert Frank Corva The post Navigate Bitcoin Investments with Practical Advice from Expert Frank Corva appeared first on COINTURK NEWS .
According to cryptocurrency onchain data, there was an increase in whale activity for an altcoin after Binance listed it on futures. Onchain data has revealed that two different crypto whales began accumulating AVA (AVA) following Binance’s announcement. The first whale purchased 1.49 million AVA for $350,000, while the second whale purchased $318,000 worth of AVA after the announcement, for a total of $758,000 today. AVA, which has not yet been listed on any major cryptocurrency exchange other than KuCoin, stands out as a Solana-based memecoin. The altcoin, which was launched via the memecoin launch platform PumpFun, has a large market value of $223 million at the time of writing. Related News: Veteran Analyst Reveals the Scenario He Expects in Bitcoin This Weekend Additionally, AVA has been included in Binance’s pre-listing pool, Binance Alpha, and a spot market listing may also be possible in the future. However, memecoins, especially in the Solana ecosystem, are known for their high risk. Many altcoins released through PumpFun were actually revealed to be pump-dump schemes. *This is not investment advice. Continue Reading: Onchain Data Shows: Whales Focus on This Altcoin After Binance’s Announcement
PRESS RELEASE. January 2025 marks the beginning of a groundbreaking journey as Aiden Labs Airdrop Season 1 takes off! This event isn’t just about rewards—it’s your gateway to exploring Gen Images, Aiden Labs’ innovative feature that combines creativity with cutting-edge AI and Blockchain technology. Join the Aiden Labs community to unlock exclusive rewards, showcase your
BitMEX’s Arthur Hayes has once again caused a stir across the cryptocurrency landscape, primarily with his statements amid the new Donald Trump meme coin launch. Notably, the BitMEX co-founder spotlighted the TRUMP token launch, calling it the start of a “political memecoin market.” As a result, market participants are now thoroughly monitoring the newly launched token, as its remarkable growth promptly post-launch aided it in securing the 4th spot in terms of global meme coins’ market cap. BitMEX’s Arthur Hayes Sparks Buzz With “Political Memecoin Market” Comment In an X post dated January 18, Arthur Hayes reiterated the 47th U.S. president’s TRUMP token announcement, saying, “This is the launch of the political memecoin market.” Further, the American co-founder goes on to add, “any politician who isn’t afraid of knowing what the people think in real-time will launch their own memecoin.” These statements underscore the beginning of a new era and segment of cryptocurrencies, ‘political memecoin.’ However, Hayes says that “these tokenomics are fugazi,” hinting that these coins may be extremely unreliable. But, the chances of these coins hitting a $100 billion market cap prevail amid the current market trends, per the BitMEX co-founder. Overall, these statements amid the launch of a new meme token on Solana have gained significant traction across the crypto industry. TRUMP Token: Talk Of The Crypto Town In a riveting turn of events, President-elect Donald Trump recently announced the launch of TRUMP meme coin , a token on Solana. Promptly after its inception into the crypto realm, the token has claimed 4th rank, standing right after Pepe Coin in terms of market cap. Notably, CoinGape reported that the newly launched token even aided traders in making millions within a day of its launch. Also, accumulations for the same have been on a constant spike, indicating that further price gains for the token may be imminent. Moreover, in light of Donald Trump’s presidential inauguration, which is set to take place on January 20, market sentiments surrounding the new Solana meme crypto’s future action remain highly bullish. It’s also worth mentioning that Binance had to suspend SOL withdrawals amid the new token’s launch on the network, which further sparked market discussions over the coin’s rising popularity. At the time of reporting, the Official TRUMP crypto exchanged hands at $22.15, witnessing a staggering 241% uptick intraday. The cryptocurrency’s 24-hour low and high were $6.24 and $24.50, respectively. In conclusion, Arthur Hayes’ statements on a “political memecoin market’ may be true, as seen by the new Republican-backed coin’s recent rising dominance across the broader sector. The post Arthur Hayes Spotlights Political Memecoin Market Launch Amid TRUMP Token Saga appeared first on CoinGape .
The new Solana inflation proposal has attracted mixed reactions.
Choosing the best cryptocurrency to purchase in 2025 is tricky, yet three particular coins demonstrate promising signs. Current Aptos (APT) market trends hint at a possible rebound, despite a recent 9% decrease in its value over the last week, finding support at the 0.618 Fibonacci level. Similarly, the robust Dogecoin bullish sentiment is evident, with 81.05% of Binance traders opting to maintain their long positions. In the meantime, BlockDAG (BDAG) has enhanced its leadership by recruiting Marius Bock as its new Lead Project Manager. Boasting over 25 years of experience in blockchain and prior involvement with Cardano, Bock’s addition is poised to significantly benefit the team. With BlockDAG approaching its mainnet launch and its presale nearly hitting $600 million, the anticipated $1 value for BDAG seems increasingly attainable. Latest Aptos (APT) Market Trends Recently, Aptos has undergone substantial losses, decreasing by 9% this past week and 36% in the last month, paralleling Bitcoin’s performance. Nonetheless, the latest Aptos market trends suggest a resurgence might be on the horizon. The support at the 0.618 Fibonacci level provides a strong base, with crucial resistance points at $13, $19, and $28. Should market conditions improve, Aptos could experience an upward trajectory. The broader crypto market’s revival might also contribute to boosting APT’s value, making it vital to keep a close eye on the Aptos market trends. Dogecoin (DOGE) Bullish Sentiment in Debate A majority of traders on Binance remain upbeat about Dogecoin, with 81.05% holding long positions, reflecting a solid Dogecoin bullish sentiment. Conversely, only 18.95% are speculating on a price drop. The long-to-short ratio stands at 4.28, signaling a growing confidence. Despite a slight 1% decrease in Dogecoin’s price following a 10% rise a few days earlier, the positive funding rate indicates that traders anticipate an increase in value. Although it encountered a minor setback, the prevailing Dogecoin bullish sentiment suggests that more traders betting against DOGE are facing losses. BlockDAG Gains Momentum as Marius Bock Joins the Team BlockDAG has enhanced its project management with the addition of Marius Bock as Lead Project Manager. Bringing over 25 years of experience in fintech and blockchain, Marius is well-equipped to propel BlockDAG forward as it approaches its anticipated mainnet launch in 2025. His extensive background with prominent figures in the cryptocurrency industry aligns perfectly with BlockDAG’s goals to innovate blockchain scalability and functionality. Marius’s significant roles include spearheading wallet enhancements for Cardano and contributing to projects at Fundamo (a Visa subsidiary), IBM, Naspers, and ACI Worldwide. With the presale crossing the $181.5 million mark, BlockDAG is drawing attention. This success, combined with solid foundational work, has led experts to foresee BDAG reaching $1 soon. Currently priced at $0.0248 in batch 27, this opportunity is ripe for those looking to get involved early. Those who joined during batch 1 have already seen their holdings increase by 2380%! As BlockDAG gears up for its mainnet launch, its robust leadership and Marius Bock’s expertise are sure to achieve significant milestones. The mix of cutting-edge technology, a seasoned team, and the potential for strong returns positions BlockDAG as the top crypto to buy in 2025. With batch 27 nearing completion and only a few more available, acting now is crucial before BDAG’s value skyrockets. Final Thoughts on the Top Crypto to Buy in 2025 APT may be set for a comeback if it maintains key support, with the Aptos (APT) market trends indicating a potential rise. Concurrently, the enduring Dogecoin bullish sentiment suggests traders anticipate an increase in its value. Yet, for those targeting the top crypto to buy in 2025, BlockDAG emerges as the front-runner as it edges closer to the $1 mark each day. The recruitment of Marius Bock, a seasoned leader from Cardano, elevates the project’s stature and boosts confidence among holders. With the final batches approaching sell-out and the mainnet launch anticipated in 2025, now is the optimal time to engage before BDAG’s price escalates. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG Welcomes Cardano Exec Marius Bock! Recovery Signs for Aptos & Bullish Sentiment for DOGE appeared first on TheCoinrise.com .
On January 18th, COINOTAG News reported significant activity in the cryptocurrency market led by prominent influencer BTCdayu, who generated an impressive $6.8 million profit trading in TRUMP tokens. According to
Bitcoin is currently positioned to validate a classic technical pattern that could propel its price to unprecedented heights. The prominent cup and handle formation identified on Bitcoin’s price chart suggests