Day: January 10, 2025

Bitcoin Price Under Pressure: BTC Struggles to Stay Afloat

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Bitcoin price extended losses and traded below the $93,500 zone. BTC is correcting gains and might struggle to recover above the $95,000 level. Bitcoin started a fresh decline from the $95,500 resistance zone. The price is trading below $95,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $91,200 support zone. Bitcoin Price Turns Red Below $95K…

Aptos Adopts Chainlink Standard to Advance Web3 Development

Aptos, a layer one (L1) blockchain project, has integrated Chainlink data feeds to enhance decentralized application (dapp) development on its platform. Aptos Partners With Chainlink This collaboration provides developers on the Aptos network with access to Chainlink‘s tamper-proof and decentralized data feeds. The integration aims to support the creation of secure and efficient applications, leveraging […] Source CryptoX Portal

Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk?

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Este artículo también está disponible en español. Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Related Reading Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are…

Is USDT Losing to RLUSD and USDC?

Is the EU’s MiCA framework forcing investors to rethink their allegiance to Tether’s USDT and explore alternatives like Circle’s USDC and Ripple’s RLUSD? USDT under radar For years, Tether’s USDT (USDT) has been the go-to stablecoin for traders and investors. Yet, as we step into 2025, its dominance is starting to waver, particularly in the European Union, where mounting regulatory scrutiny and growing competition are challenging its unshakable reputation. The turning point came on December 30, 2024, with the full implementation of the European Union’s Markets in Crypto-Assets regulations.  Designed…

Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals

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Este artículo también está disponible en español. The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn’t Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value to Realized Value (MVRV) Pricing Bands. The MVRV Pricing Bands is a pricing model for the cryptocurrency that’s based on the MVRV Ratio. Related Reading The “MVRV Ratio”…

Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000

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Este artículo también está disponible en español. Despite the recent Bitcoin price crash, crypto analyst TradingShot has suggested that this is not the end of the road for the flagship crypto. This came as he revealed why BTC could still rally to as high as $200,000 in this market cycle.  Bitcoin Price Set To Rally To $200,000 Despite Recent Crash In a TradingView post, TradingShot predicted that the Bitcoin price could rally to $200,000 despite the recent market crash. The analyst noted that Bitcoin has started this new year with…