Day: February 10, 2025

PEPE Price Enters Oversold Levels On Daily Timeframe, Here’s What Happened The Last Two Times

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Este artículo también está disponible en español. The recent downturn that has swept across the entire crypto market has pushed meme coin PEPE into oversold territory, according to the Relative Strength Index indicator. Notably, this is only the third time PEPE has reached the oversold levels in its history, particularly on the daily candlestick timeframe.  Historical data shows that in the previous two instances, PEPE’s price movement followed a specific pattern, leading to a strong recovery after a period of consolidation. As such, the recent PEPE price crash might be…

Trump’s Tough Talk on Iran Sends Rial Tumbling to Record Lows

The Iranian currency plummeted to new lows against the U.S. dollar after President Donald Trump reinstated his “maximum pressure” policy against the Middle East country. Trump’s Rhetoric Impacts Markets The Iranian currency plummeted to new lows against the dollar after the U.S. President Donald Trump reinstated his “maximum pressure” policy against Iran. Some observers linked […] Source CryptoX Portal

Ethereum Holds Multi-Year Bullish Pattern – Expert Suggests The Next Move Will Be ‘The Real Deal’

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Este artículo también está disponible en español. Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally.  The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Related Reading Despite this negative…

Ticking Clock: Institutional Bitcoin Supply Dwindles as Holders Tighten Their Grip

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As bitcoin hovers just above $97,000 per unit, conversations are intensifying over the possibility of a future supply squeeze. On Monday, digital asset manager Bitwise highlighted a crucial reality: if corporations and governments seek to acquire substantial quantities of BTC, they will need to persuade current holders to part with their assets—a task that may […] Original

North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

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North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S. states have introduced legislation to permit holding Bitcoin (BTC) as a strategic reserve. North Carolina is the latest to join the push with the introduction of HB 92. The bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion. It also…

Binance-Backed Memecoin Rips 1,267% After Crypto Exchange Announces Trading Support

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A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it. In a new announcement, Binance says that it is adding support for Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Amid the listing news, TST soared to an all-time high of $0.5113 from its low of $0.02607. The memecoin has since retraced. TST is trading for $0.1717 at time of writing,…

Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target

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Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern that has formed for Solana. Based on this pattern, the analyst predicted that SOL could witness a parabolic rally to a new all-time high (ATH) and provided a target that the crypto could reach.  Solana Could Rally To $565 As Ascending Triangle Forms In an X post, Trader Tardigrade predicted that Solana could rally to $565 following the formation of an ascending triangle. He noted that SOL has been forming…

QCP Capital: Bitcoin Volatility Skews Toward Puts as Upside Catalysts Remain Absent

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QCP Capital reveals financial markets are navigating intensified turbulence after former President Donald Trump unveiled fresh tariffs targeting steel and aluminum. Bitcoin Fluctuations Trend Bearish Per QCP Capital’s latest market update, U.S. President Donald Trump’s plan to impose a 25% duty on these metals sent ripples through markets ahead of pivotal moments such as Federal […] Original