Author: Defx Intern

Dogecoin, the popular meme cryptocurrency, has recently experienced a significant price decline along with the broader crypto market. However, technical analysis from crypto analyst Trader Tardigrade suggests that Dogecoin may have already established its cycle bottom, setting the stage for the next potential price surge.

Last week, the cryptocurrency market faced a sharp downturn, with Dogecoin experiencing a nearly 40% drop before finding support around $0.22. This marked the lowest price level for Dogecoin since the beginning of 2025 and the last time it traded at this level was in early November 2024.

Despite the severity of the drop, Trader Tardigrade’s analysis highlights that the $0.22 level is part of a key trendline that played a crucial role in Dogecoin’s price movements throughout 2024. With the price now bouncing off this level, the analyst notes that the trendline has seemingly flipped into a strong support zone.

Dogecoin has already shown signs of recovery, rebounding to $0.2561, reflecting a 16% increase from its recent low. On-chain data from IntoTheBlock also indicates that buyers stepped in around this support level. However, the ability of Dogecoin to hold above this level in the coming weeks will be a key determinant of whether the cryptocurrency has truly reached a bottom for the rest of this cycle.

Trader Tardigrade’s analysis also highlights a recurring pattern in Dogecoin’s price behavior. Historically, Dogecoin has experienced significant pullbacks of more than 50% after strong multi-month rallies. However, these pullbacks have always been followed by another strong rebound, eventually leading Dogecoin to reach new peaks.

The analyst notes three major pullbacks in Dogecoin’s history: a 59.76% decline, a 56.2% drop, and the most recent pullback of 58.25%. Based on this historical behavior, Tardigrade suggests that the recent correction might be accompanied by another strong rebound.

In fact, the last time such a rebound occurred, Dogecoin went on a remarkable 23,000% increase to reach its current all-time high of $0.73. From the current levels, Trader Tardigrade predicts a similar trajectory, with a price target of $2 for Dogecoin.

The $2 price target has been a recurring prediction among crypto analysts for Dogecoin. Crypto analyst Dima Potts has also predicted that Dogecoin is poised to target all-time highs between $1.50 and $2.10. For now, a key milestone for a bullish Dogecoin would be to break above the $0.3 level.

If Dogecoin can maintain its position above the key support level and continue its recovery, it could signal a potential trend reversal and the beginning of a new upward cycle. Investors and traders will be closely monitoring Dogecoin’s price action in the coming weeks to see if the meme cryptocurrency can live up to the bullish predictions.

Tags: Dogecoin, DOGE, technical analysis, crypto market, price prediction, cycle bottom, support level

Source: https://www.newsbtc.com/altcoin/dogecoin-hits-weekly-support-trendline-analyst-signals-cycle-bottom-is-in/

In a surprising turn of events, Ethereum Spot ETFs have outshined their Bitcoin counterparts in the first week of February 2025, recording net inflows of $420 million, double the size of the Bitcoin ETF market. This impressive performance comes despite a bearish trading week for Ethereum, which saw its price decline by 16.18%.

The increased market interest in Ethereum Spot ETFs can be attributed to a spike in ETH being used as a preferred asset for CME basis trade over Bitcoin. The CME basis trade, a strategy where investors go long on an asset in the spot market and short in the futures market, has proven more profitable for Ethereum, with a 16% gain compared to Bitcoin’s 10% over the last week.

Among the Ethereum ETFs, BlackRock’s ETHA emerged as the investors’ favorite, attracting total net deposits of $286.81 million, followed by Fidelity’s FETH with $97.28 million. Other notable players such as Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million and $18 million.

Despite the positive inflows, the net assets of Ethereum Spot ETFs declined to $9.88 billion over the last trading week, with these ETFs now controlling 3.17% of the ETH market cap. This decline can be attributed to the overall bearish sentiment in the cryptocurrency market.

As of writing, Ethereum trades at $2,681, a 1.46% increase in the last 24 hours, with a daily trading volume of $16 billion, down by 45.15%. Technical analysis suggests a potential price reversal, with the Relative Strength Index currently at 34.03 and heading upwards. However, market bulls will face strong resistance in the $3,400 price zone, and pushing past this level could pave the way for a return to the local market peak of $4,000.

The outperformance of Ethereum Spot ETFs over their Bitcoin counterparts indicates a growing institutional interest in Ethereum as an investment asset. This trend may continue as more investors recognize the potential of Ethereum and its underlying blockchain technology. However, the overall market sentiment and regulatory developments will play a crucial role in determining the future trajectory of Ethereum and its associated investment products.

Tags: Ethereum Spot ETFs, Bitcoin ETFs, Institutional Investment, CME Basis Trade, Cryptocurrency Market, Technical Analysis

Source: https://www.newsbtc.com/news/ethereum/ethereum-spot-etfs-outshine-bitcoin-counterparts-with-double-market-inflows-details/

The Bitcoin price has struggled to gain significant momentum in 2025, despite briefly surpassing the $108,000 level in mid-January. The flagship cryptocurrency has faced several corrections over the past few weeks, with the most recent pullback seeing the BTC price slump towards $92,000 after US President Donald Trump introduced new trade tariffs on Canada, Mexico, and China. While the price quickly recovered above $100,000, it has since struggled to sustain bullish momentum, currently trading around $96,500.

However, recent on-chain data suggests that certain centralized exchanges have witnessed increased buying activity. Prominent crypto analyst Ali Martinez shared on the X platform that the Bitcoin taker buy/sell ratio on the HTX and BitMEX exchanges experienced a notable upswing on Saturday, February 8. The taker buy/sell ratio measures the taker buy and taker sell volumes for a particular asset, with a value greater than one indicating more buyers than sellers, which is typically considered bullish.

According to CryptoQuant data, the Bitcoin taker buy/sell ratio rose to around 5.7 on the BitMEX platform in the late hours of Saturday, while on the HTX exchange, it climbed as high as 16 before later crashing down toward 0.4. This spike in buying activity on centralized trading platforms could be a bullish signal for the Bitcoin price, which has lacked the momentum needed to sustain any significant upward movement.

Martinez also suggested in a separate post on X that it might be time for investors to consider buying BTC, based on the current negative crowd sentiment toward Bitcoin. Historically, prices have often moved in the opposite direction of the crowd sentiment, indicating a potential opportunity for contrarian investors.

The increased buying activity on major exchanges, coupled with the negative crowd sentiment, could signal a potential trend reversal for Bitcoin. If the taker buy/sell ratio continues to favor buyers and the crowd sentiment remains negative, it may provide the necessary catalyst for a significant price uptick.

However, investors should remain cautious and consider other market factors, such as the ongoing global economic uncertainties and regulatory developments, which could impact the cryptocurrency market. It is essential to conduct thorough research and risk assessment before making any investment decisions.

As Bitcoin continues to navigate the complex macroeconomic environment, it remains to be seen whether the recent spike in taker buy/sell ratio on major exchanges will translate into a sustained rally. Nonetheless, the current market conditions present an intriguing opportunity for investors who are willing to take calculated risks.

Tags: Bitcoin, Taker Buy/Sell Ratio, HTX, BitMEX, On-chain Data, Crowd Sentiment, Bitcoin Price

Source: https://www.newsbtc.com/news/bitcoin/bitcoin-taker-buy-sell-ratio-spikes-on-major-exchanges-time-to-buy/

In a recent series of bold predictions, Abra Global’s CEO Bill Barhydt has sent ripples through the crypto community by forecasting a staggering $350,000 price target for Bitcoin. This ambitious outlook is largely based on anticipated changes in U.S. monetary policy, with reduced interest rates and potential quantitative easing expected to flood the market with fresh capital.

While the correlation between Federal Reserve actions and crypto market movements is not always clear-cut, Barhydt’s projections have sparked both excitement and skepticism among investors. Beyond Bitcoin, his crystal ball also foresees significant growth for altcoins, with Ethereum potentially hitting $8,000 and Solana soaring to $900. These figures surpass even the most optimistic expectations from other analysts.

The recent approval of spot Bitcoin ETFs has brought fresh optimism to the market, with February alone seeing an inflow of $755 million into these investment vehicles. However, it is crucial to recognize that such snapshots of success do not guarantee sustainable inflows or future performance.

Despite the appealing narrative, several key factors warrant closer examination. Regulatory challenges, technological risks, and market manipulation concerns are potential headwinds that the analysis largely overlooks. While Barhydt’s confidence in a “brass balls” approach to investing may resonate with crypto enthusiasts, it does not fully account for the sophisticated risk management strategies employed by institutional investors.

As the crypto market continues to mature, its interaction with traditional economic data may evolve. Historical patterns linking looser monetary policy to asset price inflation might not play out the same way this time around. Astute investors will likely adopt a balanced approach to these predictions, weighing the substantial risks against the potential opportunities that lie ahead.

Tags: Bitcoin price prediction, altcoin forecast, crypto market analysis, monetary policy, ETFs

Source: https://www.newsbtc.com/news/bitcoin/350k-bitcoin-abra-global-ceo-predicts-massive-surge/

The Bitcoin price has settled within the $92,000 to $102,000 range, leading to discussions about its future trajectory. While it’s unclear if BTC has enough momentum to reach new all-time highs soon, significant bearish pressure would be needed to pull the price down. Recent on-chain data reveals a crucial level that could influence Bitcoin’s price in the short term.

According to ShayanBTC, an analyst on the CryptoQuant platform, the realized price of Bitcoin holders in the 1-3 month cohort has historically served as a critical support level. This metric, known as the UTXO age bands, measures the average price at which Bitcoin holders purchased their coins relative to how long they’ve held them. The 1-3 month group provides insight into short-term holders’ behavior and overall market sentiment.

CryptoQuant data shows that Bitcoin is currently trading above the realized price of the 1-3 month cohort, which is around $96,000. ShayanBTC emphasizes the importance of BTC holding above this level to maintain the bullish narrative. If the price remains above $96,000, it reinforces a positive market sentiment and increases the likelihood of an extended upward trend.

However, a breach below the $96,000 support could trigger a shift in investor sentiment from confidence to fear. Such a breakdown could force some investors to sell their holdings, threatening Bitcoin’s upward trajectory.

As of this writing, Bitcoin is trading at around $96,500, showing no significant change in the past 24 hours. The cryptocurrency started the week above $100,000 but quickly fell towards $92,000 due to bearish pressure triggered by new US trade policies. Over the past week, the price of BTC has declined by nearly 4%.

The $96,000 level will be crucial to watch in the coming days and weeks. If Bitcoin can hold above this support, it could provide a foundation for further upside. However, a sustained break below $96,000 might signal a shift in market dynamics and potentially lead to a deeper correction.

Investors and traders should monitor this key level closely, along with other on-chain metrics and market sentiment indicators, to gauge the overall health of the Bitcoin market. While the long-term outlook for Bitcoin remains bullish, short-term volatility and fluctuations around critical support levels can provide valuable insights into the market’s direction.

Tags: Bitcoin price, BTC, support level, realized price, UTXO age bands, market sentiment, technical analysis

Source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-holds-above-96000-analyst-explains/

Solana (SOL) has been facing significant selling pressure since reaching its all-time high in late January, with the price plummeting over 40%. Despite the bearish sentiment and broader market uncertainty, the Solana network continues to expand at an impressive pace, with key metrics revealing over 5 million new addresses being created daily.

The rapid growth in new addresses and daily activity demonstrates the network’s underlying strength and appeal to developers and users alike. This ongoing expansion could provide the foundation for a strong rebound, as fundamentals remain solid despite recent price action. As Solana navigates this challenging period, the next few weeks will be crucial in determining whether it can regain its bullish momentum.

Top analyst Ali Martinez shared insightful data on X, highlighting the strong growth of Solana’s user base and network activity, even during challenging market conditions. Martinez believes that this network expansion trend positions Solana for a potential price surge as fundamentals remain strong despite short-term price action. If the price manages to hold its critical support and maintain its growth trajectory, the coming months could bring renewed optimism and a recovery that could surprise the market.

Solana is currently trading at a critical support zone around $200, having dropped over 14% since Tuesday. The price has tested the last support level within its long-term bullish structure, leaving investors worried about sustained selling pressure. If SOL loses this level, a drop into lower demand zones around $190 is likely, with the possibility of further declines if selling pressure persists. However, a successful reclaim of the $200 mark and holding it as support could provide the foundation for a recovery, potentially pushing the price back above the $220 mark to signal strength.

As the broader cryptocurrency market faces heightened volatility and bearish sentiment, Solana’s ability to hold this support is key to avoiding a deeper correction. The coming weeks will be crucial in determining whether SOL can stabilize and begin to recover or whether it will face further declines amid a broader bearish trend in the cryptocurrency market.

Tags: Solana, SOL, Solana network, Solana price, Solana activity

Source: https://bitcoinist.com/solana-network-expanding-at-strong-pace-metrics-show-5-million-new-addresses-created-daily/

As the once-dominant meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) continue to struggle, investors are seeking new opportunities in the rapidly evolving world of cryptocurrencies. Enter Wall Street Pepe (WEPE), a project that has taken the crypto community by storm with its massive $70 million presale, blending meme culture with real utility.

Over the past month, both DOGE and SHIB have experienced significant declines, with DOGE falling more than 23% and SHIB losing over 25% in value. This downward trend has left investors questioning the long-term potential of these meme coins, as trading volume dips and retail interest wanes.

In contrast, Wall Street Pepe is gaining momentum, attracting fresh capital and attention from investors looking for the next explosive opportunity. The project’s unique approach combines the legendary Pepe meme with the financial world, offering exclusive access to an alpha trading group for token holders. This group provides market analysis and strategic insights, helping traders make informed decisions in the fast-moving crypto landscape.

The WEPE ecosystem is designed to provide real value to its holders, setting it apart from traditional meme coins that rely largely on speculation. In addition to the exclusive trading insights, the project offers staking rewards, allowing users to earn passive income while holding their tokens. With over 30 billion tokens staked for a 27% APY, the popularity of the Wall Street Pepe coin is skyrocketing.

The project’s strong community backing is another factor contributing to its success. With 45,100 followers on X (formerly Twitter) and 20,900 members in its Telegram channel, Wall Street Pepe has an engaged and growing user base that could drive future demand.

As the presale nears its end, investors who missed out on the early days of DOGE and SHIB are seizing the opportunity to get in on the ground floor of what could be the next big meme coin. However, time is of the essence, as the presale is almost sold out, and the next chance to buy will be on exchanges, potentially at a much higher price.

The rise of Wall Street Pepe signals a shift in the meme coin landscape, as projects begin to focus on delivering real utility and value to their holders. While the future remains uncertain, one thing is clear: investors are betting big on WEPE, and the project’s impressive presale numbers suggest that it could be poised for significant growth in the coming months.

Tags: Wall Street Pepe, WEPE, Dogecoin, DOGE, Shiba Inu, SHIB, meme coins, crypto presale, crypto investing

Source: https://bitcoinist.com/as-dogecoin-and-shiba-inu-struggle-investors-find-a-safe-haven-in-the-biggest-presale-of-the-year/

Fred Thiel, CEO of Bitcoin mining giant Marathon Digital, has expressed a highly bullish stance on Bitcoin, predicting it could reach $200,000 by 2025. With BTC currently trading around $97,000, this would represent a doubling in price from current levels.

Thiel attributes this optimistic outlook to the increasingly pro-crypto regulatory environment following the appointment of Donald Trump, which he sees as a major driving force behind Bitcoin’s potential rise. As the trend of debanking gradually comes to an end, more banks will be positioned to serve crypto startups, encouraging a greater number of businesses to add BTC to their balance sheets.

The inherent scarcity of Bitcoin is another key factor that could propel its price higher. Unlike commodities such as gold and silver, BTC has a fixed supply capped at 21 million coins. As demand from both retail and institutional investors continues to grow, the limited supply is likely to put upward pressure on prices.

Furthermore, discussions are underway regarding the possibility of various US states establishing their own Bitcoin reserves. Should this idea come to fruition, it would necessitate the acquisition of another 1% of the total Bitcoin supply, further contributing to price appreciation.

However, the journey to $200,000 may not be entirely smooth, as the looming tariff war instigated by Donald Trump could introduce short-term volatility. With the potential for additional tariffs to be imposed across various sectors, including automobiles, steel, oil, and pharmaceuticals, Bitcoin experienced a dip to around $91,000 following the recent tariff announcements targeting Mexico and China.

Despite the potential for short-term fluctuations, the long-term outlook for Bitcoin remains decidedly positive, with numerous analysts forecasting a move towards the $200,000 mark. As the tariff war unfolds, investors may find opportunities in yet-to-be-listed coins that are insulated from market volatility, such as those offered through crypto presales.

One notable example is Wall Street Pepe ($WEPE), a meme coin inspired by the popular frog meme that aims to democratize crypto trading by putting the power in the hands of retail participants. $WEPE’s presale has already garnered significant attention, raising over $70 million and positioning itself as the largest new meme coin presale since $PEPU.

As the $WEPE presale enters its final stretch, with tokens available at $0.0003665, investors have a limited window to capitalize on what could potentially be a lucrative opportunity. By providing token holders with access to exclusive alpha calls and market insights, $WEPE seeks to level the playing field and enable retail traders to stay ahead of institutional players.

While the crypto markets are expected to experience volatility in the face of the impending tariff war, the long-term prospects for Bitcoin and select presale tokens remain promising. As always, investors are advised to conduct their own thorough research and exercise caution when allocating funds to any cryptocurrency investment.

Tags: Bitcoin price prediction, Marathon Digital, Fred Thiel, crypto regulation, tariff war, Wall Street Pepe, $WEPE presale

Source: https://www.newsbtc.com/news/bitcoin-may-reach-200k-despite-trade-war-fears-can-the-biggest-presale-wepe-100x/

Bitcoin has been trading below the crucial $100,000 mark following a week of heightened volatility and selling pressure. The cryptocurrency experienced a sharp 9% drop last Sunday, and despite a brief recovery on Monday, the market remains uncertain as selling pressure persists.

According to key metrics shared by Axel Adler on X, the Bitcoin Short-Term Holder (STH) MVRV indicator has declined from $98,000 and a value of 1.35 to average levels. This suggests that short-term holders have been actively taking profits during this period of market turbulence. Historically, an STH MVRV above 1.30-1.35 indicates an overheated market, often leading to significant sell-offs. The recent decline in the indicator potentially marks the end of a local overheated phase.

As Bitcoin consolidates below $100,000, market participants are closely monitoring key support and resistance levels to anticipate the next major move in this unpredictable environment. The current profit-taking and volatility have negatively impacted altcoins and meme coins, leading to bearish price action across the market. Analysts are increasingly calling for a correction as bulls show signs of fatigue and price movements hint at further declines on the horizon.

If demand remains strong, Bitcoin may enter a consolidation or sideways trading phase following this period of profit-taking. However, a drop in the STH MVRV below 1.0 would signal the formation of a local bottom, potentially setting the stage for a future rally. As the market navigates this uncertainty, monitoring these key metrics will be crucial in anticipating Bitcoin’s next move.

Bitcoin is currently trading at $96,700 after several days of sideways movement within a tight range between $100,000 and $95,600. The lack of clear direction and momentum has created an atmosphere of uncertainty, leaving traders on edge as Bitcoin hovers near key support levels. If the $95,000 support level fails to hold, a deeper decline into the $90,000 demand zone could follow, signaling increased selling pressure and potentially extending the current consolidation phase.

On the other hand, reclaiming the $100,000 level is crucial for bulls to regain control and push the price higher. However, without a strong push above this psychological resistance, Bitcoin’s price action is likely to remain choppy and uncertain. Market participants are watching closely for any signs of a breakout or breakdown, as the next move could define Bitcoin’s trajectory in the coming weeks. For now, caution remains the prevailing sentiment.

Tags: Bitcoin, BTC, Bitcoin price, Bitcoin analysis, short-term holders, profit-taking, market volatility, $100K resistance

Source: https://www.newsbtc.com/bitcoin-news/bitcoin-indicator-signals-short-term-holders-have-been-taking-profits-is-the-next-rally-near/

The US Securities and Exchange Commission (SEC) has acknowledged a bid by Grayscale to create the first-ever exchange-traded fund (ETF) for Solana. This move reflects a significant change in the regulatory body’s stance, considering it rejected a similar bid just six weeks ago. The shift can be attributed to the arrival of the crypto-friendly Donald Trump administration in the White House.

With Solana ($SOL) holding support and remaining stable, the prospect of an ETF is indeed bullish news for the blockchain and its associated meme coins. Several cryptos stand to benefit from the launch of Solana-based ETFs, potentially yielding handsome returns for investors.

Among the top contenders is Solaxy ($SOLX), the first Layer 2 solution on the Solana network. By combining the strengths of Ethereum and Solana, Solaxy aims to address scalability issues and reduce failed transactions on the Solana blockchain. The $SOLX presale has already garnered close to $19M in funding, proving the project’s hype and worth.

Another promising meme coin is MIND of Pepe ($MIND), a revolutionary AI agent coin designed to assist small crypto traders. By leveraging AI and hive-mind analysis, $MIND offers exclusive access to early-stage, high-potential trading calls and new cryptos. The presale has already raised over $5.5M, with the price set to increase soon.

For investors seeking a less risky approach, Meme Index ($MEMEX) offers four different baskets of meme coins, catering to various risk tolerances. With the memecoin market poised for long-term growth, $MEMEX could be among the biggest gainers. The presale has already secured over $3.4M in funding.

Wall Street Pepe ($WEPE) has emerged as the biggest crypto presale of all time, crossing $70M+ in a short period. $WEPE aims to level the playing field for small investors by providing market insights, investment strategies, and access to a thriving trader community. The presale is ending soon, making it the last chance to join at a low price.

Established meme coins like Bonk ($BONK) and Pudgy Penguins ($PENGU) are also expected to benefit from the Solana ETF news. $BONK, the first dog-themed meme coin on Solana, is up nearly 7% in the last 24 hours, while $PENGU, an NFT-meme coin combination, is up around 3%.

As the crypto market evolves, it’s crucial for investors to stay informed and make strategic decisions. While the mentioned meme coins are likely to benefit from the Solana ETF launch, it’s essential to follow a healthy investment plan, invest only what you can afford to lose, and conduct thorough research before investing.

Tags: Solana ETF, Meme Coins, Crypto Investing, Solaxy, MIND of Pepe, Meme Index, Wall Street Pepe

Source: https://www.newsbtc.com/news/top-6-meme-coins-to-buy-as-sec-acknowledges-first-ever-solana-etf-application/