AI Summary
- Bitcoin is experiencing significant volatility, with analysts predicting potential for a short squeeze at around $89,000 while also monitoring bearish pressure as it dips below $88,000.
- Ethereum maintains a bullish outlook above the $2,800 support level, even after dropping below $3,000, amid speculation of a potential recovery in the coming weeks.
- Regulatory discussions are intensifying, with the SEC granting no-action relief to Fuse Energy Token and Spain proposing a steep 47% crypto tax, highlighting the ongoing scrutiny faced by the sector.
- Traditional financial institutions are increasingly experimenting with crypto-related products; U.S. Bank is testing stablecoin issuance on the Stellar network, while Blockrise has secured a MiCA license to offer Bitcoin-backed loans in Europe.
- Market sentiment remains cautious, with most cryptocurrencies in the "extreme fear" zone, yet selective capital rotation into altcoins like MON and XRP is occurring as some investors anticipate a recovery from the current downturn.
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Sources
Cointelegraph
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Bitcoin analysis sees $89K short squeeze with S&P 500 2% from all-time high
an hour ago
by Cointelegraph by William Suberg
Bitcoin fielded new predictions of a short squeeze as price kept up pressure on key resistance at $88,000, while US stocks went higher.
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Four reasons why Ethereum price remains bullish above $2,800
2 hours ago
by Cointelegraph by Nancy Lubale
Despite Ether’s drop below $3,000, data suggested that ETH price could see a sustained recovery over the next few weeks, as long as the $2,800 support level held.
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How cooling inflation historically affects Bitcoin narratives and price behavior
2 hours ago
by Cointelegraph by Dilip Kumar Patairya
Learn how falling inflation influences Bitcoin’s identity, investor sentiment and price patterns while highlighting consistent trends across past macro cycles.
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Here’s what happened in crypto today
2 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, BitcoinNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Debate erupts over crypto’s network effects as investors question L1 value
2 hours ago
by Cointelegraph by Adrian Zmudzinski
Santiago Roel Santos argues that crypto lacks true network effects and is overpriced as a result, but other experts counter that L1 network effects are present.
CoinDesk
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The Protocol: Monad Airdrop + Blockchain Go Live
an hour ago
by Margaux Nijkerk
Tech, The Protocol, Newsletters, Monad, airdrop, Airdrops, Celestia, Celestia labs, Upgrade, Ethereum News, Fidelity, Fusaka, World app, NewsAlso: Celestia’s Matcha Upgrade, Fidelity on Fusaka and World’s New Payroll Pilot.
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Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally
an hour ago
by Helene Braun
Markets, Zcash, Grayscale, NewsThe crypto asset manager is converting its Zcash Trust into a spot ETF, betting on rising demand for privacy coins as ZEC outpaces BTC and ETH.
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Robinhood Makes Prediction Market Push With Purchase of Former FTX Platform LedgerX
an hour ago
by Will Canny
Markets, Robinhood, Prediction Markets, Bernstein, NewsWall Street research firm Bernstein said the move — which Robinhood made in conjunction with market-making giant SIG — raises the stakes for competitors like Polymarket and Kalshi.
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CoinDesk 20 Performance Update: Only Bitcoin Cash (BCH) Gains, Up 2.8%
2 hours ago
by CoinDesk Indices
CoinDesk Indices, CoinDesk 20, charts, Prices, NewsInternet Computer (ICP) fell 3.4% and Litecoin (LTC) dropped 1.7%, leading the index lower. .
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A New Crypto Project Vowed to Transform Stablecoins. Then Its Token Crashed 90%
2 hours ago
by Oliver Knight
Markets, Plasma, Stablecoins, FeatureThe stablecoin infrastructure hopeful is trading nearly 90% below its early peak, with thin usage, supply pressure and sparse communication fueling uncertainty about whether the sell-off has truly run its course.
Decrypt
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Morning Minute: Polymarket Gets the Green Light; Kalshi Hits a Wall
2 hours ago
by Tyler Warner
OpinionMixed news for prediction markets as the CFTC approved Polymarket, while a Nevada ruling set back Kalshi and likely the sector in the U.S.
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Crypto Game 'Cross the Ages' Launches 'Arise' RPG Alpha Test on Epic Store
2 hours ago
by Ryan Gladwin
GamingCross the Ages has released a trading card game, a novel, and music. Now, it's rolling out an action role-playing game.
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U.S. Investigated Bitcoin Miner Manufacturer Bitmain as National Security Risk: Report
4 hours ago
by Simon Chandler
BusinessThe DHS has reportedly investigated whether Bitmain can remotely control Bitcoin miners—though experts say it would be hard to do undetected.
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KakaoBank Pushes Forward With Korean Won-Backed Stablecoin Plans
5 hours ago
by Vince Dioquino
BusinessThe bank is ramping up technical work on a Korean won stablecoin after trademarks were filed ahead of forthcoming digital asset rules.
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Bipartisan Legislation Targets Rising Threat of AI-Powered Impersonation and Fraud
5 hours ago
by Vismaya V
Artificial IntelligenceThe bipartisan bill seeks to combat rising AI fraud threat with harsh penalties for wire fraud, money laundering, impersonation.