Author: Defx Intern

Dogecoin (DOGE) has experienced a significant 23% price crash since the start of February, following a modest 4% gain in January. Historical data suggests that February is typically a bearish month for DOGE, with the meme coin having suffered an average loss of 1% in this month since its launch in 2013. However, some crypto analysts remain bullish on Dogecoin’s future prospects.

Despite the current bearish sentiment, it’s worth noting that Dogecoin has only once closed out February with a loss exceeding 20%, which occurred in 2014 when its price crashed by over 30%. This suggests that the current 23% crash could be followed by a relief bounce, potentially mitigating some of the losses.

Technical analysis by crypto analysts like Master Kenobi, Ali Martinez, and Trader Tardigrade indicates that Dogecoin may be poised for a significant rally in the coming months. These analysts have highlighted similarities between DOGE’s current price action and that of the 2017 bull run, predicting that the meme coin could surge above $1 and potentially reach as high as $10 in this market cycle.

However, it is crucial for investors to exercise caution and consider the inherent volatility of the cryptocurrency market. While bullish predictions can be encouraging, it is essential to conduct thorough research and invest responsibly.

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Tags: Dogecoin, DOGE, Crypto Market, Technical Analysis, Bullish Predictions, Crypto Trading

Source: https://www.newsbtc.com/news/dogecoin/dogecoin-crash-in-february/

In a significant development for the cryptocurrency industry, Alexey Pertsev, the developer behind the controversial Ethereum-based mixer Tornado Cash, has been granted supervised release by a Dutch court. This decision comes after Pertsev spent several months in prison following his arrest in August 2022.

The case against Pertsev and Tornado Cash has been a contentious one, with the US Department of the Treasury banning the mixer for allegedly facilitating money laundering. The crypto community has been divided on the issue, with some arguing that privacy tools like Tornado Cash are essential for maintaining financial privacy, while others point to the potential for misuse by criminals.

Pertsev’s release, albeit under supervision, marks a potential turning point in the ongoing legal battle. It presents an opportunity for the developer to work on his appeal and fight for the legitimacy of privacy-focused tools in the crypto space. The outcome of this case could set a precedent for the treatment of open-source developers and the future of decentralized technologies.

As the cryptocurrency market continues to evolve, the balance between innovation, privacy, and regulation remains a delicate one. The Tornado Cash case highlights the need for clear guidelines and a nuanced approach to dealing with emerging technologies. The crypto community will be closely watching the developments in Pertsev’s case, as it could have far-reaching implications for the industry as a whole.

Tags: Alexey Pertsev, Tornado Cash, Privacy, Regulation, Cryptocurrency

Source: https://bitcoinist.com/jailed-tornado-cash-developer-alexey-pertsev-to-be-freed-under-supervision/

Dogecoin (DOGE) has recently experienced a significant downturn, with its value dropping by around 20% over the past week. However, analysts suggest that this correction could be a precursor to a record surge in the popular meme-based cryptocurrency.

Despite the current market volatility, on-chain data reveals that large investors, known as “whales,” have taken advantage of the dip to accumulate substantial amounts of DOGE. This accumulation, totaling 750 million units of the meme coin, is often seen as a strong indicator of investor confidence in the long-term potential of Dogecoin.

Analysts have drawn parallels between the current market sentiment and Dogecoin’s 2017 bull cycle, which saw similar corrections followed by impressive rallies that led to new all-time highs. If this historical pattern holds true, DOGE may have reached its local low and could be poised for a significant upswing. Technical indicators also hint at a potential trend reversal, further supporting this optimistic outlook.

The future of Dogecoin largely depends on the overall sentiment in the Bitcoin market. If Bitcoin stabilizes and market conditions improve, DOGE could be set for a substantial increase. Investors are closely monitoring the market, anticipating that Dogecoin will not only regain its previous high prices but also potentially reach new record levels.

While the recent price drop may concern some investors, it is important to consider factors such as increased whale accumulation, historical price patterns, and the potential for market stabilization. These indicators suggest that the current decline could be a temporary setback before a strong recovery. As always, investors should exercise caution and conduct thorough research before making investment decisions.

Tags: Dogecoin, DOGE, cryptocurrency, market analysis, whale accumulation

Source: https://www.newsbtc.com/dogecoin-2/final-dip-dogecoin-correction-could-precede-a-record-surge-analyst/

As the bull market continues, Ethereum’s performance has been lackluster compared to other major altcoins, causing investors to exercise caution. Advanced on-chain analytics platform Alphractal highlighted the waning investor sentiment, indicating a decline in risk appetite for ETH.

This shift in market dynamics suggests a slowdown in aggressive buying as investors adopt a more protective strategy amid heightened volatility and concerning macroeconomic conditions. The current level of Ethereum’s Normalized Risk Metric (NRM) at 0.38 is similar to past market cycles in 2019 and 2020, which saw periods of high volatility with alternating corrections and rallies.

If history repeats itself, ETH may experience extreme volatility in the near term, presenting both opportunities and risks for investors. Despite the recent volatility, Ethereum-based products, particularly spot ETH Exchange-Traded Funds (ETFs), have seen persistent capital inflows, with the largest inflows since December 2024. This suggests a resurgence in investor confidence and heightened accumulation from retail and institutional participants.

Technical analysis reveals bullish structures on ETH’s chart, with a pattern similar to Bitcoin’s past cycle setup that sparked a major breakout to new all-time highs. As a result, some analysts predict that Ethereum’s most explosive breakout is on the horizon, targeting new highs in the coming months.

In conclusion, while Ethereum’s recent performance has been relatively weak, the increasing capital inflows into ETH-based products and the emergence of bullish technical patterns suggest that the altcoin may be poised for a significant breakout. However, investors should remain cautious and prepared for potential volatility in the near term.

Tags: Ethereum, ETH, Altcoins, Investor Sentiment, Market Volatility, Technical Analysis, ETFs

Source: Bitcoinist

The U.S. Securities and Exchange Commission (SEC) has acknowledged an application for a spot Solana (SOL) exchange-traded fund (ETF), marking a potential shift in the agency’s framework for crypto products. This move comes after the SEC has previously approved Bitcoin and Ethereum futures-based ETFs but has been hesitant to give the green light to spot ETFs.

The acknowledgment of the Solana ETF application suggests that the SEC may be open to considering a wider range of crypto assets for ETF listings. If approved, a spot Solana ETF would provide investors with direct exposure to the cryptocurrency, as opposed to futures contracts.

The potential approval of a spot Solana ETF could have significant implications for the crypto market. It would not only increase the accessibility of Solana for mainstream investors but also potentially pave the way for ETFs based on other prominent cryptocurrencies. This development could lead to increased institutional adoption and liquidity in the crypto space.

However, it is essential to note that the SEC’s acknowledgment of the application does not guarantee its approval. The agency will still need to review the proposal thoroughly and consider factors such as market manipulation risks and investor protection.

Solana, known for its high-performance blockchain, has garnered significant attention from the crypto community due to its fast transaction speeds and low fees. The cryptocurrency has experienced substantial growth over the past year, with its price reaching an all-time high in 2021.

As the crypto industry continues to mature, the SEC’s stance on spot ETFs will be closely watched. The potential approval of a Solana ETF could signal a new era for crypto-based investment vehicles and further legitimize the asset class in the eyes of traditional finance.

Tags: Solana, ETF, SEC, spot ETF, crypto regulation

Source: https://decrypt.co/305039/sec-new-territory-solana-etf-nod

Bitcoin’s price action has taken a bearish turn, with the leading cryptocurrency failing to reclaim the crucial $99,000 resistance level. According to QCP Capital’s latest market update, this failure has triggered a market-wide selloff, pushing Bitcoin to a new daily low of $95,600 and marking a three-day losing streak. The uncertainty surrounding the broader crypto market has increased as a result.

QCP Capital notes that the upcoming listing of BERA, a new cryptocurrency, has added to the market’s jitters. The regulatory landscape also appears to be shifting, with potential changes on the horizon that could impact the crypto space. These factors have combined to create a sense of unease among investors, leading to the current downward pressure on Bitcoin and other digital assets.

The key support level to watch for Bitcoin is now around the $95,000 mark. If this level fails to hold, we could see further downside in the near term. However, if Bitcoin manages to find support and rebound from this level, it could signal a potential reversal in the current bearish trend. Traders should keep a close eye on these key levels and be prepared to adjust their strategies accordingly.

The broader market implications of Bitcoin’s struggles are significant. As the leading cryptocurrency by market cap, Bitcoin often sets the tone for the rest of the market. If Bitcoin continues to face downward pressure, it could lead to a wider selloff in altcoins and other digital assets. This could result in a period of increased volatility and uncertainty for the crypto market as a whole.

As always, it’s crucial for investors to stay informed and adapt to changing market conditions. Keep a close eye on regulatory developments and be prepared to adjust your portfolio accordingly. By staying nimble and responsive to market shifts, investors can navigate these challenging times and potentially emerge stronger on the other side.

Tags: Bitcoin price, crypto market update, BERA listing, regulatory shifts, market volatility

Source: QCP Crypto Market Update: Bitcoin Struggles Amid BERA Listing and Regulatory Shifts

Amid recent market volatility, XRP has shown remarkable resilience, rebounding over 33% from Monday’s low. On-chain data reveals that whales have seized this opportunity, accumulating a staggering 520 million XRP during the dip. This significant buying pressure from large investors suggests strong confidence in XRP’s long-term potential and could signal a major price move on the horizon.

As the broader crypto market consolidates, XRP appears poised for a breakout. Analysts are turning bullish, citing strong technical and on-chain indicators that point toward a significant price surge in the coming weeks. The accumulation by whales and institutions during this correction reinforces the notion that smart money is positioning for a potential rally.

Currently trading at $2.37, XRP is testing a crucial support level at $2.30. If this level holds, it could serve as a springboard for a strong recovery. However, for bulls to confirm a trend reversal, XRP needs to decisively break above the $2.72 resistance zone. A sustained move above this level, backed by strong volume, could open the doors for a rally toward $3.00 and beyond.

On the flip side, a break below $2.30 could invite further selling pressure, potentially leading to a retest of the psychological $2.00 mark. As the market watches XRP closely, the next few days will be crucial in determining whether the bulls can maintain their grip and push prices higher.

Tags: XRP, Whales, Accumulation, Market Dip, Technical Analysis, On-Chain Data, Crypto Market

Source: NewsBTC

Coldware (COLD) is revolutionizing financial inclusion by launching a mobile-first blockchain network that brings decentralized finance (DeFi) and digital assets to underserved regions. With over 1.4 billion adults worldwide lacking access to traditional banking services, Coldware’s unique approach aims to bridge the gap and provide financial opportunities to those who need it most.

By leveraging blockchain technology and focusing on mobile accessibility, Coldware is poised to make a significant impact in regions where financial infrastructure is limited. The introduction of Coldware devices, tailored for this specific purpose, further enhances the potential for adoption and empowerment of individuals in these communities.

The implications of Coldware’s initiative are far-reaching. As more people gain access to DeFi and digital assets, it could lead to increased economic activity, entrepreneurship, and wealth creation in previously underserved areas. Moreover, the decentralized nature of blockchain technology ensures that individuals maintain control over their financial assets, reducing reliance on traditional institutions that may have historically excluded them.

Coldware’s mobile-first approach is particularly noteworthy, as mobile devices have become ubiquitous even in regions with limited infrastructure. By leveraging the power of smartphones, Coldware can deliver financial services directly into the hands of those who need them most, bypassing the barriers posed by traditional banking systems.

As Coldware continues to develop and expand its network, it will be crucial to monitor its progress and assess the real-world impact it has on financial inclusion. The success of this initiative could serve as a model for other blockchain projects seeking to address similar challenges and create a more inclusive global financial system.

Tags: Coldware, blockchain, financial inclusion, DeFi, digital assets

Source: https://news.bitcoin.com/coldwares-unique-blockchain-network-improves-financial-inclusion-opportunities-with-coldware-devices/

Asset manager Vaneck has projected that Solana (SOL) will reach a price of $520 by the end of 2025, despite the cryptocurrency’s recent 15.8% decline over a seven-day period. The firm’s analysts believe that Solana’s growing dominance in the smart contract platform market will drive this significant price increase.

Vaneck’s bullish outlook on Solana comes amidst a broader crypto market rally, which the firm attributes to the growth in M2 money supply. The analysts suggest that the increasing money supply will fuel demand for cryptocurrencies, benefiting projects like Solana that have established themselves as leaders in their respective niches.

The recent slump in Solana’s price, which saw SOL trading at $198.05 per coin at the time of the report, appears to be a temporary setback in the eyes of Vaneck. The firm remains confident in Solana’s long-term prospects, citing its robust ecosystem and growing adoption among developers and users alike.

If Vaneck’s projections materialize, Solana could be one of the top-performing cryptocurrencies over the next few years. However, investors should remain cautious and consider the inherent volatility of the crypto market when making investment decisions.

Tags: Solana, SOL, Vaneck, price prediction, smart contract platforms

Source: https://news.bitcoin.com/vaneck-forecasts-solana-to-hit-520-by-end-of-2025-despite-recent-slump/

Ethereum, the world’s second-largest cryptocurrency by market cap, is set to undergo a significant upgrade called Pectra. This upgrade aims to enhance the network’s scalability, staking capabilities, and gas payment options through various technical improvements.

The Pectra upgrade is part of Ethereum’s future roadmap, which focuses on addressing the platform’s current limitations and preparing it for widespread adoption. By implementing these changes, Ethereum developers hope to attract more users and developers to the ecosystem, ultimately strengthening its position in the competitive blockchain space.

One of the key aspects of the Pectra upgrade is the enhancement of Ethereum’s scalability. As the network continues to grow and more applications are built on top of it, scalability becomes a crucial factor in ensuring smooth and efficient transactions. The upgrade will introduce optimizations and improvements to the underlying infrastructure, allowing for faster and more cost-effective transactions.

Another significant feature of the Pectra upgrade is the expansion of staking capabilities. Staking allows users to participate in securing the network and earn rewards for their contributions. With the upgrade, Ethereum aims to make staking more accessible and user-friendly, encouraging greater participation from the community. This increased participation will further decentralize the network and enhance its overall security.

Additionally, the Pectra upgrade will introduce new gas payment options, providing users with more flexibility in how they pay for transaction fees. This improvement will make it easier for users to interact with the Ethereum network, regardless of their preferred payment method.

The Pectra upgrade represents a significant milestone in Ethereum’s evolution. By addressing scalability concerns, enhancing staking opportunities, and expanding gas payment options, Ethereum is positioning itself for long-term success. As the upgrade rolls out, it will be interesting to observe how the market reacts and how these improvements contribute to the growth and adoption of the Ethereum ecosystem.

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Tags: Ethereum, Pectra Upgrade, Scalability, Staking, Gas Payment, Blockchain

Source: https://decrypt.co/resources/what-is-the-pectra-upgrade-inside-ethereums-future-roadmap