Day: February 3, 2025

Crypto fear & greed index falls to 44 on fears of market wipeout

The Crypto Fear & Greed Index has fallen to a 4-month low of 44 following the $2.2 billion crypto market crash earlier today. The index, which represents crypto market sentiments and emotions on a scale of 0 to 100, had not fallen below 50 since Oct.12. Triggered by U.S. president Donald Trump’s announcement of double digit trade tariffs on Canada, Mexico and China, the total crypto market cap fell nearly 12% in the early hours of Feb. 3, with Bitcoin (BTC) alone falling over 5%. The index immediately fell from…

Bitcoin Dominance Nears 62% as Altcoins Struggle, Highest Since 2021

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Bitcoin now commands nearly 62% of the total crypto market, its highest level since February 2021. As altcoins struggle, traders are closely watching BTC’s price movement, particularly the $102,000 CME Gap—a crucial level for potential reversals. As of Feb. 3, Bitcoin’s (BTC) market dominance has climbed to nearly 62%, marking its highest level since February 2021. BTC market dominance measures the share of total cryptocurrency market cap accounted for by Bitcoin. A dominance of 62% indicates that BTC makes up the bulk of the market, leaving altcoins with the scraps. …

Earning free Bitcoin and Cutoshi

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The easiest way to stack up free Bitcoin and Cutoshi is through sign-up bonuses, staking, and yield farming, with no extra effort required. Read on to find more methods. There’s hardly anything better than getting free Bitcoin, especially as the bull market is thriving. Many websites and exchanges give crypto away as part of their marketing and engagement strategies. Other times, crypto projects like Cutoshi offer access to earning…

Bitwise Predicts ‘Violent’ Surge Amid Trump’s Tariffs

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Este artículo también está disponible en español. The Bitcoin price sank by more than 13.5% over the weekend, dropping as low as $91,201 on Binance. The sell-off followed US President Donald Trump’s announcement of new trade tariffs. The administration levied a 25% tariff on most imports from Canada and Mexico, added a 10% tax on Chinese goods, and imposed a 10% tariff on Canadian energy resources. While market observers typically view such aggressive moves as a negative for risk assets, one prominent voice at Bitwise Invest sees a wildly different…

Ethena’s USDe Stable Despite Trade War Volatility

It’s business as usual for Ethena’s USDe as the synthetic stablecoin appeared to weather the storm brought on by market volatility from the White House’s trade war threats. USDe differs from stablecoins such Circle’s USDC because it’s a synthetic stablecoin and not backed by fiat assets at a 1:1 ratio. The stablecoin maintains its $1 peg by collateralizing stablecoins and leveraging a hedged cash-and-carry trade, which involves taking futures positions with large open interest available to stabilize value. USDe spent most of the Monday trading day maintaining its $1 peg,…

Bitcoin Kimchi Premium hits 3-year high as Asia market down

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The Bitcoin Kimchi Premium index has hit a three-year high due to economic factors like the strong U.S. Dollar or global trade war fears. The Bitcoin Kimchi Premium has spiked to a three-year high of 11.9%. The premium represents the price gap between Bitcoin (BTC) in South Korea and the rest of the world.  The increase suggests that there is a solid domestic demand for the asset even as prices fall globally. Even as BTC’s price dropped to $93,900, South Korean traders are paying a significant markup. At the same time, a…

Analyst Calls For XRP To Hit $70—Too Bold Or Realistic?

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The cryptocurrency community is abuzz with anticipation regarding XRP’s future price trajectory. Egrag Crypto, a market analyst, anticipates that XRP will experience a significant increase in value, with a potential 70% increase. Related Reading If these projections are accurate, XRP’s market capitalization could reach $300 billion in the near future, causing its price to fluctuate between $5 and $6. Nevertheless, the prospective for the future is the source of genuine enthusiasm. The token’s market capitalization could increase to over $1 trillion if XRP sticks to the patterns of previous market…

Crypto crash wipes out $2.2B—Worse than FTX and LUNA

Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered a massive crypto crash. The chaos led to the worst single-day liquidation event ever recorded—surpassing even the Terra (LUNA) collapse and the FTX (FTT) downfall. $2.15b liquidated from the crypto market in the past 24…

Chance of Bitcoin (BTC) Price Tanking to $75K Doubles as Trump’s Tariffs Ignite Trade War, Derive’s Onchain Options Market Shows

Bitcoin’s (BTC) on-chain options market on Derive.xyz indicates a 22% probability of prices falling to $75,000 by March 28, a notable rise from last week’s 10% chance. The sharp rise in probability follows a renewed import tariff war between the U.S. and its top trading partners, Canada, Mexico and China and concerns it will add to inflation in the global economy, making it difficult for central banks, including the Fed, to cut interest rates. “The recent tariffs imposed by Trump, including 25% on imports from Mexico and Canada and 10%…

Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead?

Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270. DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels. The price is trading below the $0.280 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.250 and $0.270 resistance levels. Dogecoin Price Dives…