Author: Defx Intern

Bitcoin Price Tests $85K: Key Technical Levels Signal Potential Breakout
Bitcoin’s price action is showing signs of a potential breakout as the leading cryptocurrency consolidates near critical technical levels. Recent analysis suggests the $85.7K level could trigger a significant move, making current price movements particularly noteworthy for traders and investors.

Current Market Status and Key Price Levels

Bitcoin has entered a consolidation phase after declining below the $85,500 mark. Here are the critical levels traders should monitor:
- Current trading range: Below $85,000 and the 100-hour SMA
- Key resistance: $84,800 (bearish trend line)
- Primary support: $83,200
- Secondary support: $82,200
Technical Analysis Deep Dive

The recent price action has formed several significant technical patterns:
- Formation of a bearish trend line at $84,800
- 50% Fibonacci retracement level breakthrough
- 61.8% Fibonacci resistance at $85,150
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Potential Scenarios

Two primary scenarios are emerging:

Bullish Case
- Break above $85,500 could trigger rally to $85,800
- Further momentum could push price to $86,400
- Key catalyst: Clearing the $85,000 resistance zone
Bearish Case
- Failure to break $85,000 could trigger decline
- Initial support at $83,900
- Risk of further drop to $81,500
Technical Indicators Overview
- MACD: Showing weakness in bearish zone
- RSI: Hovering around 50, indicating neutral momentum
- Moving Averages: Price below 100-hour SMA
FAQ Section

What are the key resistance levels for Bitcoin?

The immediate resistance levels are $84,750 and $85,150, with a major barrier at $85,500.

Where is the strongest support for Bitcoin?

The main support levels are at $83,200 and $82,200, with ultimate support at $80,800.

What technical indicators should traders watch?

Focus on the MACD, RSI, and the 100-hour Simple Moving Average for short-term trading signals.
April 17, 2025
De-dollarization Accelerates: Trump Tariffs Spark Global Dollar Decline
A prominent Chinese financial expert has warned that former President Trump’s latest tariff policies could accelerate global de-dollarization efforts, potentially threatening the U.S. dollar’s dominance as the world’s reserve currency. This development comes as Fed Chair Powell recently warned of growing stagflation risks, creating a perfect storm for dollar instability.

Key Takeaways on De-dollarization Impact
- Chinese academic Zheng Runyu identifies Trump’s tariffs as a catalyst for accelerated de-dollarization
- BRICS nations showing increased interest in alternative payment systems
- Global trade patterns shifting away from dollar dependence
Trump’s Tariff Policy and Dollar Implications

The latest round of tariffs introduced by Donald Trump has drawn sharp criticism from international financial experts. Chinese academic Zheng Runyu’s analysis suggests these protectionist measures could backfire, potentially accelerating the ongoing trend of countries seeking alternatives to the U.S. dollar for international trade.

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Global Response to Dollar Uncertainty

The international community’s reaction to these developments has been swift, with several key implications:

BRICS Nations’ Strategic Shift
- Increased focus on local currency settlements
- Development of alternative payment systems
- Strategic reduction of dollar-denominated reserves
Expert Analysis and Market Impact

Financial analysts worldwide are closely monitoring these developments, with many suggesting that the combination of trade tensions and de-dollarization efforts could lead to significant market volatility. Recent data shows an increasing correlation between Bitcoin and traditional markets as investors seek hedge against dollar uncertainty.

FAQ Section

How will de-dollarization affect global trade?

De-dollarization could lead to increased use of alternative currencies and payment systems, potentially reducing U.S. economic influence.

What are the implications for cryptocurrency markets?

Uncertainty in traditional currency markets often drives interest in cryptocurrencies as alternative stores of value.

How might this affect international trade relations?

The shift away from dollar dominance could reshape global trade partnerships and economic alliances.

Looking Ahead: Future Implications

As these developments continue to unfold, market participants should closely monitor:
- Changes in international trade settlement patterns
- BRICS nations’ currency initiatives
- U.S. policy responses to de-dollarization trends
April 17, 2025
SEC Crypto Custody Roundtable: Major Industry Players Set to Shape Regulation
The U.S. Securities and Exchange Commission (SEC) is intensifying its focus on cryptocurrency regulation with the announcement of its third crypto custody roundtable, marking a significant development in the ongoing dialogue between regulators and industry stakeholders.

Key Highlights of the SEC Crypto Custody Roundtable

On April 16, the SEC revealed detailed plans for its upcoming cryptocurrency custody roundtable, which aims to address critical challenges facing the digital asset industry. This initiative comes at a crucial time when major crypto platforms like Coinbase face increased regulatory scrutiny.

Regulatory Framework and Industry Impact
- Custody solutions for digital assets
- Security measures and risk management
- Institutional investor protection
- Compliance requirements for custody providers
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Expert Perspectives and Market Implications

The roundtable’s timing is particularly significant as it coincides with broader market developments and regulatory initiatives. Industry experts anticipate that the outcomes of this discussion could have far-reaching implications for institutional adoption and market structure.

FAQ Section

What is the main focus of the SEC’s crypto custody roundtable?

The roundtable primarily focuses on establishing clear guidelines for cryptocurrency custody solutions and addressing security concerns in the digital asset space.

How will this affect crypto exchanges and custodians?

Custody providers and exchanges may need to adapt their operations to comply with new regulatory frameworks resulting from these discussions.

What are the implications for institutional investors?

The outcome could provide clearer pathways for institutional participation in the crypto market through regulated custody solutions.
April 17, 2025
Base Meme Coin Crashes 92%: Coinbase Warning Comes Too Late
A meme coin associated with Coinbase’s Base network has experienced a dramatic 92% crash, leaving traders with substantial losses despite explicit warnings about its unofficial status. This incident highlights the ongoing risks in the volatile meme coin sector and raises questions about cryptocurrency exchange responsibilities.

Key Takeaways:
- Unofficial Base network meme coin surges then crashes 92%
- Token was explicitly labeled “not an investment”
- Traders ignored warnings, leading to significant losses
- Incident mirrors recent Bigcoin crash patterns
The Rise and Fall of the Base Meme Token

The unofficial Base token, despite being clearly labeled as a digital collectible with no investment value, attracted significant trader attention. The token’s price action followed a familiar pattern in the meme coin space: rapid appreciation followed by a devastating crash.

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Market Impact and Warning Signs

This incident bears striking similarities to other recent meme coin crashes, including warning signs observed in Dogecoin trading patterns. The rapid price movement and subsequent collapse demonstrate the continued speculative nature of meme token trading.

Risk Management Lessons

The Base token crash serves as a crucial reminder about the importance of due diligence in cryptocurrency investing, particularly with unofficial or unendorsed tokens.

FAQ Section

What was the Base token?

An unofficial meme token created as a digital collectible associated with Coinbase’s Base network, explicitly labeled as not being an investment vehicle.

Why did traders invest despite warnings?

Speculative fever and FOMO (Fear of Missing Out) often drive traders to ignore explicit warnings in pursuit of quick profits.

What are the lessons for crypto investors?

Always verify token legitimacy, heed official warnings, and conduct thorough due diligence before investing in any cryptocurrency asset.
April 17, 2025
Shiba Inu vs Dogecoin: 79% of Experts Reject SHIB Flippening Potential

A comprehensive survey by Finders has revealed that an overwhelming 79% of financial experts believe Shiba Inu (SHIB) will never overtake Dogecoin (DOGE) in market capitalization, casting doubt on the popular meme coin’s long-term potential. This analysis comes at a crucial time for both cryptocurrencies, with Dogecoin’s long positions reaching 72% on Binance, suggesting increased market speculation.

Expert Survey Reveals Skepticism About SHIB’s Future

The survey, which gathered insights from 14 prominent finance experts, paints a clear picture of market sentiment. Only 7% of respondents expressed confidence in SHIB’s ability to surpass DOGE, with these optimists projecting a potential flip by 2026. The remaining 14% maintained an uncertain stance on the matter.

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Supply Dynamics: The Core Challenge

Dr. Sathvik Vishwanath, Unnocoin’s jurisdictional head, highlights the fundamental supply disparity between the two tokens. SHIB’s massive circulating supply of 589.25 trillion tokens dwarfs DOGE’s 148.82 billion, creating a significant barrier to market cap dominance despite Shiba Inu’s strong tokenomics and community backing.

Market Cap Analysis: The 240% Challenge

Currently, Dogecoin maintains its position as the 8th largest cryptocurrency with a $24.60 billion market cap, while Shiba Inu sits at 17th place with $7.3 billion. For SHIB to achieve a flippening, it would need a remarkable 240% increase in value, assuming DOGE’s price remains stable.

Recent Whale Activity Signals Potential Shift

Despite expert skepticism, recent on-chain data shows increasing whale interest in SHIB. IntoTheBlock reports a surge in daily trading volume to 224 billion tokens, with large holder inflows more than doubling from 96 billion to 224 billion SHIB between April 13-14.

Historical Context: The 2021 Temporary Flippening

This isn’t uncharted territory for these meme coins. In 2021, SHIB briefly surpassed DOGE with a $39 billion market cap, though this victory proved temporary as Dogecoin quickly reclaimed its position as the leading meme cryptocurrency.

FAQ Section

Can Shiba Inu realistically overtake Dogecoin?

While technically possible, experts suggest it’s highly unlikely due to the massive supply disparity and current market dynamics.

What factors could enable a SHIB flippening?

A combination of significant token burns, increased institutional adoption, and enhanced utility could potentially create conditions for a flippening scenario.

How does whale activity impact SHIB’s price?

Large whale movements often precede significant price action, with recent increased activity potentially signaling growing institutional interest.

April 17, 2025
PEPE Price Analysis: Technical Patterns Signal 796% Rally Potential
The PEPE token has entered a critical accumulation phase, with technical analysis suggesting a potential 796% price surge by 2025. As the broader crypto market experiences sideways movement, similar to what we’ve seen with Dogecoin’s recent technical patterns indicating a 400% rally potential, PEPE’s chart structure is forming a compelling bullish case.

Technical Analysis Reveals Bullish Pattern Formation

The meme coin’s price action has been relatively subdued recently, experiencing consistent selloffs amid market volatility. However, crypto analyst MasterAnanda has identified a promising technical formation that mirrors PEPE’s previous rally to its all-time high of $0.00002803.

Historical Price Pattern Comparison

The current technical setup shows remarkable similarities to PEPE’s 2024 performance, where the token:
- Traded in a descending channel (May-September 2024)
- Broke out of the channel structure
- Formed a lower low before significant upward movement
- Rallied to peak levels in December 2024
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Key Support Levels and Accumulation Zones

The analysis highlights several critical technical factors:
- Formation of a short-term higher low
- Strong support level consolidation
- Potential for one final shakeout before upward momentum
- Clear reversal structure on daily timeframes
Fibonacci Extension Targets

The technical analysis identifies two major price targets based on Fibonacci extensions:
- 1.618 Fibonacci level: 480% potential upside ($0.0004264)
- 2.618 Fibonacci level: 796% potential upside
Risk Management Considerations

While the technical outlook appears promising, traders should consider:
- Potential short-term weakness and volatility
- The importance of proper position sizing
- Different strategies for spot vs. leveraged trading
- Current price level: $0.00000708 (down 4.7% in 24 hours)
Frequently Asked Questions

What is the current PEPE price prediction for 2025?

Technical analysis suggests a potential 796% rally, with price targets reaching $0.0004264 based on Fibonacci extension levels.

What are the key support levels for PEPE?

The token has established strong support at the current higher low formation, with additional technical support at previous consolidation levels.

Is PEPE a good investment in 2025?

While technical indicators suggest significant upside potential, investors should conduct thorough research and consider the high-risk nature of meme coins.
April 17, 2025
Bitcoin Whale Activity Stalls: CryptoQuant Data Shows 62% Drop in BTC Outflows
Key Takeaways:
- Bitcoin whale outflows decreased from 800,000 to 300,000 BTC
- Market sentiment shows broad caution amid reduced accumulation
- Mining pressure continues to impact Bitcoin price action
Recent data from CryptoQuant reveals a significant slowdown in Bitcoin whale activity, with daily outflows dropping 62.5% from their February peak. This development comes as Bitcoin miners face increasing cost pressures, potentially signaling a shift in market dynamics.

Whale Accumulation Patterns Show Market Hesitation

According to CryptoQuant’s latest analysis, Bitcoin’s largest holders have significantly reduced their trading activity. Daily outflows have decreased from 800,000 BTC in late February to approximately 300,000 BTC in the current period, marking a substantial decline in whale movement.

Mining Pressure Intensifies

The reduced whale activity coincides with increased pressure from Bitcoin miners, who continue to face operational challenges. This situation mirrors recent market trends where analysts have warned about potential market capitulation at key price levels.

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Market Implications

The combination of stalled whale accumulation and ongoing miner pressure suggests a period of market uncertainty. Experts anticipate this could lead to increased volatility in the coming weeks.

FAQ Section

Q: What does reduced whale activity mean for Bitcoin’s price?
A: Decreased whale activity often indicates market uncertainty and can lead to periods of consolidation.

Q: How significant is the current drop in whale outflows?
A: The 62.5% reduction from 800,000 to 300,000 BTC represents a substantial decrease in large-holder activity.

Q: What role do miners play in current market conditions?
A: Miners continue to exert selling pressure on the market, potentially impacting price stability.
April 16, 2025
AI Robot Revolution: $70K Humanoid Bot Signals Tech Market Shift
The intersection of artificial intelligence and robotics reached a new milestone today with the launch of Reachy 2, the world’s first factory-ready open-source humanoid robot, priced at $70,000. This development comes amid growing interest in AI technology across various sectors, including the crypto and blockchain space.

In a move that parallels OpenAI’s recent AI agent launch that triggered significant movements in crypto markets, Reachy 2’s introduction represents another step forward in the commercialization of advanced AI technology.

Technical Specifications and Capabilities

The Reachy 2 comes equipped with an impressive array of sensory capabilities:
- Stereo vision for advanced depth perception
- Integrated microphones for audio processing
- Built-in speaker system
- LIDAR technology for precise environmental mapping
Market Impact and Industry Applications

The robot’s release at the $70,000 price point positions it as an accessible option for:
- Research laboratories
- Industrial automation facilities
- Educational institutions
- Tech development companies
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Implications for the Crypto and Tech Sectors

The launch of Reachy 2 coincides with increasing integration between AI and blockchain technologies. This convergence suggests potential applications in:
- Automated trading systems
- Blockchain network optimization
- Smart contract automation
- Decentralized AI development
FAQ Section

What makes Reachy 2 different from other humanoid robots?

Reachy 2 is the first factory-ready, open-source humanoid robot available for commercial use, offering advanced sensory capabilities at a relatively accessible price point.

How does this development impact the AI-crypto ecosystem?

The advancement in commercial AI robotics could accelerate the development of automated trading systems and AI-powered blockchain solutions.

What are the potential applications in the crypto industry?

Applications range from automated trading execution to physical security systems for crypto infrastructure.
April 16, 2025
XRP Price Dips to $1.97: Key Support Level Could Trigger 15% Rally
XRP’s recent price action has entered a critical phase as the digital asset retreats to the $1.97 support level, presenting what technical analysis suggests could be a strategic entry point for traders. This pullback comes amid broader market adjustments, with several major cryptocurrencies experiencing similar corrections.

Technical Analysis Points to Strong Support

The $1.97 price point has emerged as a crucial support level for XRP, having previously served as resistance during the asset’s recent upward movement. Market data indicates strong buyer interest at this level, with multiple technical indicators suggesting the potential for a significant bounce:
- MACD convergence showing early signs of bullish reversal
- Historical price action confirming $1.97 as a key pivot point
- Volume analysis indicating accumulation at current levels
Market Indicators Signal Potential Reversal

The Moving Average Convergence Divergence (MACD) indicator has begun displaying promising signals for XRP bulls. The convergence of the MACD line toward the signal line suggests diminishing bearish momentum, often a precursor to price reversals. This technical setup aligns with previous breakout patterns that led to significant rallies.

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Key Breakout Conditions

For XRP to confirm a bullish reversal, several critical conditions must align:
1. Sustained trading volume above the 20-day average
2. Clear break above the $2.25 resistance level
3. RSI movement away from oversold conditions
4. Confirmation of MACD bullish crossover
Price Targets and Risk Levels

If the current support holds, technical analysis suggests potential upside targets:
- Initial resistance: $2.25
- Secondary target: $2.40
- Major resistance: $2.50
However, traders should maintain stop-losses below $1.90 to protect against potential downside risks.

Frequently Asked Questions

What makes $1.97 a significant support level for XRP?

This price point has historically acted as both support and resistance, with significant trading volume clustering around this level.

What technical indicators support a potential XRP rally?

The MACD convergence, RSI readings, and volume patterns all suggest building momentum for a potential upward move.

What are the key resistance levels to watch?

Primary resistance sits at $2.25, with secondary targets at $2.40 and $2.50 representing major psychological levels.
April 16, 2025
Crypto Scam Alert: UK Minister’s X Account Hacked in $HCC Token Scheme
In a concerning development for cryptocurrency security, UK Government Minister Lucy Powell’s X (formerly Twitter) account fell victim to hackers promoting a fraudulent ‘House of Commons’ cryptocurrency token. The incident, which occurred on Tuesday morning, highlights the growing sophistication of crypto-related social media scams targeting high-profile accounts.

This attack comes at a time when sophisticated phishing attacks are increasingly targeting crypto users, demonstrating the evolving nature of digital asset security threats.

Inside the House of Commons Crypto Scam

The attackers compromised Powell’s verified account, which boasts nearly 70,000 followers, to promote a fake cryptocurrency dubbed “$HCC” (House of Commons Coin). The scammers went to considerable lengths to create an air of legitimacy, including:
- Using the official House of Commons logo in promotional materials
- Creating professional-looking marketing content
- Leveraging the account’s verified status to appear legitimate
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Anatomy of a Pump and Dump Scheme

According to Luke Nolan, senior research associate at CoinShares, the scam followed the classic “pump and dump” playbook:
1. Create worthless cryptocurrency tokens
2. Artificially inflate the price
3. Convince investors to buy in
4. Sell holdings before the inevitable crash
Limited Success Despite High-Profile Target

Despite targeting a prominent government official’s account, the scam’s success was minimal:
- Only 34 total transactions recorded
- Approximately £225 in total profits
- Swift response from Powell’s office to contain the breach
Growing Trend in Social Media Account Compromises

Action Fraud reports alarming statistics for 2024:
- 35,343 social media and email account hacks reported
- Majority of attacks initiated through phishing emails
- Increasing sophistication in impersonation tactics
Security Best Practices for Crypto Users

To protect against similar attacks, experts recommend:
- Enable two-factor authentication on all accounts
- Use unique, complex passwords for each platform
- Verify all cryptocurrency-related communications
- Never click suspicious links, even from trusted sources
FAQ Section

How can I protect my social media accounts from crypto scammers?

Enable two-factor authentication, use strong unique passwords, and be skeptical of unexpected cryptocurrency promotions.

What are the warning signs of a crypto pump and dump scheme?

Look out for sudden promotional pushes, promises of guaranteed returns, and pressure to act quickly.

How can I verify legitimate cryptocurrency projects?

Research the team, check official channels, verify smart contracts, and consult multiple independent sources.
April 16, 2025