In Brief The total crypto market cap has risen by $77 billion, breaking above $3.16 trillion resistance, signaling bullish potential. Bitcoin faces resistance at $100,000, impacted by broader economic concerns; stronger sentiment needed for a sustained push. PancakeSwap (CAKE) surges 56%, but faces resistance at $3.13; breaking this could lead to further gains, while failure…
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In Brief Pi Network is set to launch its Open Network on February 20, 2025, marking the end of its Enclosed Mainnet phase. The network has exceeded its goal of 10 million Mainnet migrations, reaching 10.14 million, with 19 million verified Pioneers. This transition unlocks Pi’s ecosystem for real-world use, removing firewalls to enable communication…
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In Brief Solana hovers near $200 as whale addresses decline, signaling potential shifts in market sentiment. The DMI indicator shows weakening trend strength, with selling pressure easing but no strong bullish momentum yet. SOL price remains in consolidation, with key levels at $220 resistance and $187 support defining its next major move. Solana (SOL) price is…
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In Brief The crypto market lost $53 billion, falling below $3.09 trillion, with $3.00 trillion as the next critical support level. Bitcoin dropped to $95,489, with further decline possible to $93,625 unless it reclaims $95,869 for a potential recovery. Onyxcoin (XCN) fell 10%, holding above $0.0184 support; a break above $0.0237 could signal recovery. The…
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In Brief ADA’s BBTrend is recovering from -28 to -9.4 but remains negative, signaling lingering bearish pressure. The Ichimoku Cloud setup reflects weak momentum, with ADA struggling to break above key resistance levels. If bullish momentum returns, ADA could test $0.82, with a breakout potentially leading to a 67% rally toward $1.16. Cardano (ADA) price…
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In Brief Analysts favor Litecoin for ETF approval but unexpectedly rank Dogecoin above Solana and XRP for SEC consideration. The SEC’s new Crypto Task Force may reclassify assets, benefiting Litecoin and Dogecoin while hurting Solana’s chances. Grayscale and Bitwise push new ETF applications, signaling growing demand and possible SEC action in the near future. Analysts…
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In Brief Solana smart wallets are profiting from crypto narratives, with one turning $511,000 into $4.8 million in TRUMP trades. A high-risk trader achieved a 2,993% return on RIF and a 1,460% gain on OPXL, capitalizing on volatile swings. A meme coins specialist traded 205 tokens in 90 days, securing $1.4M in realized profit from…
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In Brief A Beijing court sentenced former financial official Hao Gang to 11 years in prison for bribery and Bitcoin-related money laundering. Investigators found that Gang accepted millions in bribes to assist Bitcoin mining firms and help a senior executive evade travel restrictions. Despite these efforts, China’s approach to cryptocurrency regulation remains inconsistent, with conflicting…
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In Brief Ethereum’s weekly price plunged 20% to $2,608, with supply in profit dropping from 97% to 65%, fueling bearish sentiment among traders. Despite the decline, US Spot ETFs saw a two-month high inflow of 89,290 ETH ($236 million), signaling institutional accumulation. ETH must reclaim $2,698 to spark recovery; losing $2,546 support could push the…
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In Brief Hong Kong has reportedly approved Bitcoin and Ethereum as valid proof of assets for investment immigration applications. Reports indicate that two applicants have successfully used cryptocurrency holdings to meet the HK$30 million requirement. This decision reinforces Hong Kong’s ambition to become a global digital finance hub while ensuring regulatory oversight on crypto. Hong…
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