Day: February 4, 2025

Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To $1 Resume?

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Este artículo también está disponible en español. Dogecoin is beginning to regain momentum after a sharp drop in the early hours of January 3, a move that liquidated many traders who had been betting on continued upside. This decline wasn’t just another pullback, as it marked the most significant Dogecoin price drop in six months. As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery…

Hong Kong SFC Doubles Down on Crypto Regulation With Staff Hires

Hong Kong’s Securities and Futures Commission (SFC) is looking to increase its headcount, with more than half the added roles dedicated to regulating crypto, according to a two-year budget plan presented to the Legislative Council, the region’s legislative body known as Legco. Despite freezing its headcount in three of the five financial years since 2020, it is looking to add another 15 people, eight of whom will be dedicated to crypto as the regulator furthers its commitment to regulate the industry. “Eight of the proposed new headcount is for enhancing…

5 Promising Meme Coins to Buy as Trump Pauses Canada Tariffs

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Ethereum and Solana have bounced back into full recovery mode after Donald Trump agreed to temporarily suspend tariffs on Canada and Mexico, signaling bullish times for meme coins.  Since yesterday, $ETH has spiked from $2.5K to $2.7K, and $SOL has rebounded from $183 to $209. Why? Because when global trade tensions ease, traders often feel more confident to invest in riskier assets, like crypto. Further highlighting a bullish market reaction to the news, the Crypto Fear & Greed Index is back in the green zone. Over the past 24 hours,…

ADA Bullish Momentum Fades As Bears Reclaim Control At $0.8119

Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance.  The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper…

Will Bitcoin survive the coming financial collapse?

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Federal Reserve has a tall order: protecting the US dollar, which is quickly losing its value as BRICS nations explore a post-dollar world. From the Federal Reserve’s perspective, the outlook is unclear because Trump’s policy plans remain unclear. As far as anyone knows, a severe market crash à la 2008 could be on the horizon. The business cycle theory suggests these crashes are a natural part…

BTC Hashrate Hits All-Time High Defying Analyst Expectations

Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days. According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms had stocked up on equipment in anticipation of this event, ensuring their operations remained competitive; however, analysts now expect a slowdown in hashrate growth. Hashrate measures the computational power used to secure the bitcoin network…

Ethereum Traders Buy the Dip as Solana Stablecoins Soar. Will $BEST Go Bullish?

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Ethereum saw some huge selling in the early trading hours of Monday as it dipped below the $2.1K mark – a 25% dip from its opening price that day. This fall was a result of whale wallets liquidating their positions in $ETH. For instance, two dormant wallets sent $149M and $201M worth of $ETH to Bitfinex. These wallets were last active in 2019 when a withdrawal of 77,736 $ETH was made. Aave ($AAVE) also saw some rapid liquidations during this time, totaling around $200M. Most of this liquidation came in…

Whales Are Manipulating ETH Price

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Este artículo también está disponible en español. Major fluctuations in the Ethereum (ETH) market yesterday triggered a wave of reactions across social media, with one Ethereum co-founder claiming that certain large holders—or “whales”—were deliberately pushing the asset’s price downward. The activity reached a fever pitch on Monday, February 4, when the ETH price swung from around $2,900 to as low as $2,120 before bouncing back sharply. Despite the intraday plunge, Ether ultimately closed the day sporting a 26% green wick—an uncommon price rebound in such a short window. Ethereum Price…

Taiko Takeoff Initiative Set to Propel Blockchain Projects

Felix Pinkston Feb 04, 2025 10:53 Taiko introduces the Taiko Takeoff program, designed to support new blockchain projects through marketing, funding, and tech support, fostering a thriving community. The innovative blockchain platform Taiko has announced the launch of its new initiative, Taiko Takeoff, aimed at supporting burgeoning projects within its ecosystem. This program is designed to provide essential resources such as marketing, funding, networking, and technical support to help projects gain momentum in their early stages, according to taiko.mirror.xyz. Empowering the Taiko…