Category: News

Bitcoin (BTC) prices experienced a turbulent week amidst global trade war fears, falling to around $91,500 before recovering. However, a strong rejection at the $102,000 price zone has drawn speculation on the future of the current bull run.

Renowned crypto analyst Burak Kesmeci recently shared insights on the Bitcoin Advanced NVT (network value to transaction) metric, which evaluates BTC’s market valuation relative to its transaction volume. This metric helps traders identify overbought and oversold conditions in the Bitcoin market. According to Kesmeci, the Bitcoin Advanced NVT has indicated local bottoms on four occasions in the past year, with scores ranging from 30.78 to 38.21.

Interestingly, as Bitcoin crashed to $91,000 in the past week, the Advanced NVT metric fell to 38.13 – a level consistent with past local bottoms. This development suggests that Bitcoin is due for a price rally. However, historical data indicates that BTC may remain in consolidation for some time before launching a strong price rally. For a rally to materialize, market bulls must overcome resistance at $102,000, with further hurdles at $105,000 and $106,000.

In other bullish news, blockchain analytics company IntoTheBlock reports that the Bitcoin market experienced $267 million in net exchange outflows, forming a three-week streak of outflows. Consistent net outflow is a positive signal indicating investors are moving their assets off exchanges, reducing potential selling pressure. While the recent outflow volume is lower than levels recorded in November 2024, it still indicates room for growth in terms of investor confidence.

At the time of writing, BTC trades at $96,720, reflecting a 0.84% decline in the past 24 hours. The premier asset experienced an overall loss of 6.48% for the week, pushing its monthly gains to 2.90%. With a market cap of $1.9 trillion, Bitcoin remains the largest cryptocurrency and the eighth-largest asset in the world.

As the Bitcoin Advanced NVT metric signals a potential local bottom, investors and traders should keep a close eye on BTC’s price action in the coming days. A successful break above key resistance levels could confirm the start of a new price rally, while failure to do so may result in further consolidation or a potential trend reversal.

Tags: Bitcoin, BTC price, Advanced NVT, on-chain metrics, exchange outflows, crypto market analysis

Source: https://bitcoinist.com/bitcoin-key-metric-signals-local-bottom-price-rally/

Former Bitmex CEO Arthur Hayes has issued a stark warning about the potential consequences of the United States creating a strategic Bitcoin reserve. In an essay published on February 5, 2025, Hayes argues that such a move would be a “ticking time bomb” that could lead to political manipulation, market chaos, and a government ready to dump BTC at will.

Hayes suggests that a U.S. Bitcoin reserve would give the government unprecedented power over the cryptocurrency market. By holding a significant amount of BTC, the government could potentially manipulate prices, create artificial scarcity, or flood the market with supply whenever it sees fit. This level of control would go against the decentralized nature of Bitcoin and could undermine the very principles that make it attractive to many investors.

Moreover, Hayes warns that a strategic reserve could be used as a political tool, with the government using its BTC holdings to reward allies, punish enemies, or pursue other geopolitical objectives. This could lead to a situation where the price of Bitcoin is driven more by political considerations than by market forces, creating uncertainty and instability in the market.

The potential market implications of a U.S. Bitcoin reserve are significant. If the government were to suddenly sell off large amounts of BTC, it could trigger a massive price crash, wiping out billions of dollars in value and shaking confidence in the cryptocurrency market as a whole. On the other hand, if the government were to use its reserve to prop up prices or limit supply, it could create artificial bubbles and distort the market in ways that are difficult to predict.

From a technical analysis perspective, the creation of a U.S. Bitcoin reserve could introduce new levels of volatility and uncertainty into the market. Traders and investors would need to factor in the potential actions of the government when making decisions, adding an additional layer of complexity to an already complex market. This could lead to increased risk and make it more difficult for market participants to accurately assess the value of BTC.

Overall, the idea of a U.S. Bitcoin strategic reserve raises serious concerns about the future of the cryptocurrency market. While some may argue that government involvement could bring greater legitimacy and stability to the market, Hayes’ warning suggests that the risks may outweigh any potential benefits. As the crypto space continues to evolve, it will be important to watch how governments around the world approach the issue of strategic reserves and what impact their decisions may have on the market as a whole.

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Tags: Bitcoin, BTC, US Strategic Reserve, Arthur Hayes, Market Manipulation, Crypto Regulation

Source: https://news.bitcoin.com/arthur-hayes-warns-of-bitcoin-crash-if-us-creates-strategic-btc-reserve/

Bitcoin’s attempt to sustain momentum above the highly anticipated $100,000 mark has faced stiff resistance, leading to a sharp pullback. The rejection at this psychological level has fueled bearish pressure, pushing BTC into a corrective phase as sellers take control. Now, all attention turns to key support zones that could determine whether Bitcoin stabilizes or extends its decline.

The current downward move reflects weakening momentum as Bitcoin struggles to break above the $100,000 mark and reclaim the 100-day Simple Moving Average (SMA). This suggests that BTC may remain vulnerable to further declines unless buyers step in at critical support levels. A failure to hold above these zones may open the door for more downside, potentially testing lower price levels.

Furthermore, Bitcoin’s Relative Strength Index (RSI) is also gaining bearish traction, declining from neutral territory toward the oversold zone. This shift indicates weakening buying pressure, allowing sellers to dictate price action. If the RSI continues to drop, it could reinforce the downward trend and signal the potential for further declines.

The $93,257 level now serves as a crucial support test for Bitcoin. Holding above this level could signal a possible bounce, while a breakdown may accelerate losses toward lower support zones. Should the price drop below $93,257, bearish momentum could increase, pushing Bitcoin toward the next key support at $85,211.

On the other hand, if Bitcoin manages to hold above the $93,257 support level, it could trigger a rebound toward the $100,000 mark. A breakout above this key resistance would bolster upside movement and pave the way for further gains.

As uncertainty looms, Bitcoin’s next move will be pivotal in shaping its short-term trend. Traders and investors should closely monitor these key support levels and watch for any signs of a potential reversal or continuation of the current bearish pressure.

Tags: Bitcoin price, $100K resistance, support levels, technical analysis, cryptocurrency market

Source: https://www.newsbtc.com/news/bitcoin/bitcoin-100000-rejection/

The Dogecoin market has been experiencing a significant downturn in recent weeks, with the price of DOGE falling by nearly 50% since reaching a local high of $0.47 in early December. The latest on-chain data from Santiment reveals that this decline may be attributed to a decrease in activity among Dogecoin whales.

According to Santiment, the number of DOGE transactions worth over $100,000 has drastically reduced, falling by more than one-third compared to the volume seen during the “Trump pump run-up” in early November. Weekly $100,000 transactions have dropped from 20,200 to 6,200 since November 9, 2024, representing an almost 70% decline. Similarly, weekly $1 million DOGE transactions have plunged by over 75%, going from 3,490 to 850 in the last three months.

This decrease in whale activity suggests that large investors are becoming less confident in the Dogecoin market, which could further contribute to the downward pressure on the price of DOGE. As of this writing, the DOGE token is valued at around $0.246, reflecting a mere 0.5% decline in the past 24 hours. While the meme coin seems to have found support around $0.23, there has not been enough movement to ensure a comeback and recover the recent losses.

The general market condition has not been particularly positive, but the meme coin sector appears to be enduring the biggest impact of this climate shift. For the Dogecoin price to recover, these whale transaction metrics may need to pick up again, indicating renewed interest and confidence among large investors.

However, there may be a glimmer of hope for Dogecoin. Crypto analyst Ali Martinez recently revealed that whales have accumulated over 100 million DOGE tokens in the past 24 hours, signaling growing interest and confidence among some large investors. If this trend continues, it could potentially help to stabilize the price of DOGE and pave the way for a recovery.

Tags: Dogecoin, DOGE, Whale Activity, On-Chain Data, Crypto Market

Source: https://www.newsbtc.com/news/dogecoin/dogecoin-whales-desert-market-number-of-100000-transactions-nosedives-70/

In a remarkable display of computational prowess, Bitcoin’s hashrate has once again shattered records, reaching an astounding 852 exahash per second (EH/s) in February 2025. This milestone marks the imminent arrival of the zettahash era, with an expected 14.8% increase in processing power on the horizon.

The Bitcoin network’s resilience and growth continue to impress, as the hashrate has surged to new heights despite recent fluctuations in transaction volume. This record-breaking achievement underscores the unwavering commitment of miners and the robust infrastructure supporting the world’s leading cryptocurrency.

As the zettahash epoch approaches, it is crucial to consider the potential implications for the Bitcoin market and the broader cryptocurrency landscape. The increased hashrate not only bolsters network security but also reflects the confidence of miners in the long-term viability and profitability of Bitcoin mining.

This development may attract further investment in mining infrastructure, as well as drive innovation in mining technology. The race to develop more efficient and powerful mining equipment is likely to intensify, potentially leading to a consolidation of mining power among the most competitive players in the industry.

Moreover, the rising hashrate could influence the dynamics of the Bitcoin market, as the increased computational power may contribute to greater network stability and faster transaction processing times. This, in turn, could enhance Bitcoin’s appeal as a reliable and efficient means of value transfer, further solidifying its position as the flagship cryptocurrency.

However, it is essential to monitor the environmental impact of the escalating energy consumption associated with Bitcoin mining. As the hashrate continues to climb, the industry must prioritize the adoption of sustainable energy sources and explore innovative solutions to mitigate the carbon footprint of mining operations.

In conclusion, the Bitcoin network’s record-breaking hashrate of 852 EH/s in February 2025 signifies a major milestone in the cryptocurrency’s journey towards the zettahash era. This achievement highlights the strength and resilience of the Bitcoin ecosystem, while also presenting opportunities and challenges for miners, investors, and the wider cryptocurrency community. As we witness the unfolding of this new chapter in Bitcoin’s history, it is crucial to strike a balance between embracing technological advancements and addressing the environmental considerations that come with the increasing computational power of the network.

Tags: Bitcoin, Hashrate, Mining, Zettahash, Network Security

Source: https://news.bitcoin.com/bitcoin-hashrate-smashes-records-with-852-eh-s-frenzy-zettahash-era-inches-closer/

Solana-based meme coin BONK has recently flashed a major buy signal on the TD Sequential indicator following a dramatic 40% price crash over the past week. This technical analysis tool, used for identifying trend exhaustion and potential price reversals, suggests that BONK may be gearing up for a strong rebound to new highs, presenting a prime entry opportunity for investors amid the current market downturn.

According to crypto analyst Ali Martinez, the TD Sequential indicator has flashed a ‘9’ buy signal on the BONK daily chart. This signal comes after a week of consistent downward pressure that triggered a significant crash in the BONK price. Despite the recent decline, Martinez suggests that a strong rebound may be on the horizon for the meme coin.

Year-to-date, BONK has recorded an impressive 60.4% price gain, driven by bullish market conditions and increased demand for meme coins. However, CoinMarketCap’s data shows that BONK is currently on a bearish trajectory, nearly wiping out all its gains in 2025. The recent ‘9’ buy signal on the TD Sequential indicator suggests that this trend may be reaching its limit, potentially signaling a price reversal from the current bearish trend.

Martinez’s chart analysis reveals a series of bearish black candles aligning with BONK’s recent downtrend. The last white candle, which triggered the TD Sequential buy signal, indicates that bullish momentum may be building up for the meme coin. For traders, this could present a potential buying opportunity, provided the correct market conditions and factors align.

In general, when a cryptocurrency flashes a buy signal on its chart, it often suggests a favorable time to enter the market. Steep declines, such as the one experienced by BONK, are typically considered prime buying opportunities, as these dips offer low entry prices, allowing investors to acquire the asset at a discount before a potential rebound.

In other news, BONK has achieved a significant milestone by permanently removing over 2 trillion tokens from circulation. The marketing team behind the meme coin announced this monumental achievement on Friday, February 7, highlighting the community’s efforts in reducing BONK’s supply and inducing scarcity. While the massive token burn surprised many BONK community members, some users commented that such large-scale burns would have been more impactful if timed during a bull run, potentially sparking a stronger price surge for the meme coin.

Despite the 2 trillion token burn, BONK continues to trade sideways, experiencing significant volatility and price decline. The token burn has had no noticeable impact on its price dynamics. However, analysts remain optimistic about BONK’s future price outlook, considering the recent TD Sequential buy signal and the potential for increased investor interest in the meme coin sector.

As always, investors should conduct thorough research and exercise caution when investing in highly volatile assets like meme coins. While the recent buy signal and token burn may indicate potential opportunities, the cryptocurrency market remains unpredictable, and investors should only invest what they can afford to lose.

Tags: BONK, Solana, meme coins, technical analysis, TD Sequential, buy signal

Source: https://www.newsbtc.com/altcoin/bonk-flashes-buy-signal-after-crashing-40-in-one-week-time-to-get-in/

Bitcoin’s recent price volatility and struggle to maintain the $100K level have left investors uncertain about the cryptocurrency’s short-term trajectory. A closer look at on-chain metrics reveals a critical relationship between Bitcoin’s price performance and demand growth, shedding light on the current market dynamics.

According to CryptoQuant’s Head of Research, Julio Moreno, Bitcoin’s price return closely follows the trajectory of its demand growth. Since early December, demand growth has been slowing, directly correlating with diminished returns. This observation underscores the crucial role of market participation in sustaining bullish momentum.

The current state of the market, characterized by declining speculative appetite and weakening leveraged positions, has contributed to choppy price action. As Bitcoin hovers below the $100K mark, both bulls and bears are locked in a battle for control, with demand growth serving as a pivotal factor in determining the cryptocurrency’s future direction.

Bitcoin’s inability to break above $100K has raised concerns among investors, signaling potential growing weakness in the market. Meanwhile, bears have been applying consistent pressure, but they have yet to force the price below the critical $95K support level. If Bitcoin drops below this level in the coming days, a further decline into the $90K demand zone is likely, potentially leading to increased selling pressure as investors grow wary of a deeper correction.

However, if BTC can maintain its position above $95K, there is still potential for bulls to regain strength and push the price back toward the $100K mark. For now, the market remains uncertain, and traders are closely monitoring these key levels for signs of the next major move.

The relationship between Bitcoin’s price growth and demand highlights the importance of monitoring on-chain metrics to gauge market sentiment and predict potential rallies or corrections. As the battle between bulls and bears continues, the coming days could prove decisive for BTC’s short-term and long-term outlook.

Tags: Bitcoin, BTC, Bitcoin price, demand growth, on-chain metrics, technical analysis, market sentiment

Source: https://bitcoinist.com/bitcoin-price-growth-mirrors-demand-on-chain-metrics-show-a-slowdown-since-december/

Tether CEO Paolo Ardoino has predicted that while bitcoin users will likely transition to quantum-resistant addresses well before advanced computers pose a genuine threat to the cryptocurrency’s cryptography, millions of lost coins, including potentially Satoshi Nakamoto’s stash, could face risks in a quantum computing future.

Ardoino emphasized that quantum computing does not present an immediate threat to Bitcoin. However, he noted that lost wallets, where the private keys are no longer known, could be vulnerable if quantum computers advance to the point of being able to break Bitcoin’s cryptography. This includes the estimated 1 million BTC mined by Bitcoin’s creator, Satoshi Nakamoto, who has been inactive since the early days of the cryptocurrency.

If quantum computing does eventually progress to a level where it can compromise Bitcoin’s security, Ardoino believes that most users will have already moved their funds to quantum-resistant addresses. Nevertheless, the lost coins, which account for a significant portion of Bitcoin’s supply, would remain vulnerable and could potentially re-enter the market if a quantum computer is able to derive their private keys.

The implications of a large number of lost bitcoins re-entering circulation could be significant. If Satoshi Nakamoto’s dormant holdings were to move, it would likely send shockwaves through the market and raise questions about the creator’s identity and intentions. Furthermore, if a substantial amount of lost coins were to be recovered and sold off, it could potentially impact Bitcoin’s price and market dynamics.

Despite these potential long-term risks, Ardoino’s outlook suggests that active Bitcoin users and the overall network will likely adapt and maintain resilience in the face of evolving technological threats. As quantum computing advances, the Bitcoin community will need to stay vigilant and proactively work on solutions to ensure the cryptocurrency’s security and integrity.

While the quantum computing threat may seem distant, Ardoino’s comments highlight the importance of ongoing research and development in cryptography and blockchain security. As Bitcoin and other cryptocurrencies continue to gain mainstream adoption, maintaining their resilience against emerging technological challenges will be crucial for their long-term success and viability.

Tags: Bitcoin, Tether, Paolo Ardoino, Quantum Computing, Lost Bitcoins, Satoshi Nakamoto

Source: https://news.bitcoin.com/tether-ceo-predicts-lost-bitcoin-wallets-vulnerable-in-quantum-future-satoshis-stash-at-risk/

The Chainlink (LINK) price has recently experienced significant bearish pressure, falling to $17 for the first time since November 2024. This decline was triggered by broader market volatility, with Bitcoin dropping to $92,000 amid fears of a potential trade war sparked by US President Donald Trump’s tariffs. However, despite the initial 32% slump, the LINK token has shown signs of recovery, currently trading above $18.

Although Chainlink appears to be set for a bullish recovery, its price movement has been sluggish over the past few days. This slowdown may be attributed to a crucial resistance level at $23.78, which could prove pivotal in determining the start of a fresh bull run. Prominent crypto trader Ali Martinez recently highlighted this key level on the X platform, basing his analysis on the average cost basis of numerous LINK investors.

According to data from IntoTheBlock, approximately 96,760 investors purchased around 110.43 million Chainlink tokens within the $20.96 to $26.25 price range, at an average price of $23.78. This high purchasing activity has created a supply barrier within this region, as investors may be inclined to sell their tokens once they break even, potentially hindering further price increases.

For Chainlink to initiate a new bull rally, it is crucial for the price to successfully breach the $23.78 resistance level. If the buying demand can overcome the potential selling pressure from investors looking to exit their positions, LINK could gain the momentum needed to continue its upward trajectory. However, if the $23.78 level proves to be a formidable barrier, the price may continue to consolidate or even face a potential pullback.

Investors and traders should closely monitor the Chainlink price action around this key level, as a decisive move above $23.78 could signal the beginning of a new bullish phase for the token. Additionally, the overall market sentiment and developments within the Chainlink ecosystem may also influence the token’s price performance in the near future.

Tags: Chainlink price, LINK, resistance level, bull rally, IntoTheBlock, Ali Martinez, technical analysis

Source: https://www.newsbtc.com/news/chainlink/chainlink-price-could-start-new-bull-rally-heres-the-level-to-watch/

Amid the current market downtrend, crypto pundit Investments CEO has provided a bullish outlook for Dogecoin (DOGE), XRP, and Solana (SOL). In a recent X post, the analyst predicted that DOGE will hit $1, XRP will reach $6, and Solana will soar to $1,000, marking new all-time highs for each cryptocurrency.

The current all-time highs for DOGE, XRP, and SOL stand at $0.74, $3.3, and $294, respectively. If these cryptocurrencies were to reach the predicted levels, it would represent significant growth in the face of the ongoing market crash, which has been fueled by economic uncertainty. Investments CEO also predicted that Bitcoin will hit a new all-time high of $150,000.

The bullish sentiment isn’t limited to just one analyst. Other crypto pundits, such as Master Kenobi, have also suggested that DOGE could soon reach the psychological $1 level, citing similarities between the current price action and that of 2017. Based on these similarities, Master Kenobi believes that DOGE could witness a 6x increase from its current level and rally to as high as $1.25, potentially peaking in mid-April or May.

Similarly, crypto analyst Dark Defender has predicted that XRP could rally to $8 in the near future and even reach $18 within this market cycle. Meanwhile, Ali Martinez and Van Eck have provided bullish projections for Solana, with Martinez suggesting a target of $350 and Van Eck stating that SOL could reach $500 by year-end.

However, for these cryptocurrencies to maintain their bullish momentum, certain conditions must be met. Kevin Capital noted that DOGE needs to get back above $0.28 to see more upside, otherwise, it risks retesting the lows and potentially dropping to $0.19. Egrag Crypto emphasized that XRP needs to close above the 21 EMA at $2.67, with a close above $2.81 being essential for bullish momentum. CasiTrades added that XRP needs to reclaim $2.90, as a rejection at this level could lead to a drop to $1.88 or $1.53. For Solana, Ali Martinez stated that SOL needs to hold above the support at $196 to maintain the bullish projection of $350.

If these cryptocurrencies can overcome their respective hurdles and reach the predicted levels, it could signal a significant shift in market sentiment and potentially spark a broader market recovery. However, investors should remain cautious and closely monitor key support and resistance levels, as the market remains highly volatile and subject to sudden changes.

Tags: Dogecoin, XRP, Solana, Crypto Market, Technical Analysis, All-Time Highs

Source: https://www.newsbtc.com/news/dogecoin/dogecoin-xrp-solana-price/