Crypto Market Grapples with Bearish Signals, Key Price Predictions, and Strategic Blockchain Expansions
Crypto Market Grapples with Bearish Signals, Key Price Predictions, and Strategic Blockchain Expansions
The crypto market is showing mixed signals, with prominent altcoins like Ethereum facing bearish technical indicators targeting the $1,100 mark. Bitcoin's price is also under scrutiny, with technical charts indicating softening support around the $65,000-$68,000 range and potential for a drop to the $50,000s, despite some buyer resilience. Market analysis also highlights the influence of Treasury bills on Bitcoin's price dynamics. In a significant development for blockchain utility, SocGen's FORGE has expanded its EUR CoinVertible stablecoin to the XRP Ledger, furthering its multi-chain strategy which already includes Ethereum and Solana. Separately, a new Bermuda-licensed derivatives exchange, DerivaDEX, has launched under DAO governance.
The decentralized exchange has begun offering crypto perpetual swaps after receiving a test license from Bermuda’s regulator, operating under DAO governance and formal oversight.
Ethereum onchain data and a bear pennant on the daily chart suggest that bears may target the $1,100 level. Would a dip to that zone represent a generational buy opportunity?
Technical charts show Bitcoin price hanging on to softening support in the $68,000 to $65,000 zone, and a breakdown below the level could usher in new lows in the $50,000 range.
New Keyrock research finds not all newly created money impacts risk assets due to how fresh liquidity flows through the economy.
Two-year Bitcoin hodlers "absorbed" seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows.
The French banking group’s digital asset unit deploys EUR CoinVertible on a third public blockchain, alongside Ethereum and Solana.