BTCNews

Data shows the stablecoins USDT and USDC have been seeing capital inflows recently, something that could turn out to be bullish for Bitcoin. Top 2 Stablecoins Have Seen Their Market Caps Grow Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the market caps of the top two stablecoins : USDT and USDC. Below is the chart shared by the analytics firm, that shows the data for the 30-day change in the market caps of the two cryptocurrencies. As is visible in the graph, the 30-day percentage change in the market cap of USDC has spiked to sharp positive levels recently, implying that the stablecoin has been growing at a rapid rate. Unlike USDC, which has seen sustainable growth for the last few months, USDT kicked off the year 2025 with its 30-day market cap change dipping into the negative territory. Since bottoming at around -2% earlier in the month, though, momentum has returned for the asset as the indicator has just turned ba...

Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token’s price jumped from $1.98 on January 30 to $2.37 at the time of writing. Kraken Reintroduces Staking Services In Select States On January 30, cryptocurrency exchange Kraken announced the relaunch of its staking services for US clients in 37 states and two territories. The exchange also noted plans to expand these services to additional states as regulatory conditions allow. For the uninitiated, Kraken facilitates staking by delegating users’ staked tokens to network validators, who are responsible for transaction validation and block production. These validators then return rewards – minus fees – to clients who have staked their tokens with them. Commenting, Mark Greenberg, Global Head of Consumer at Kraken said the launch of this staking product in the US is a positiv...

Bitcoin has recently faced a slowdown in its upward trajectory after reaching over $105,000 earlier this week. The cryptocurrency had shown signs of a potential breakout, but key indicators have come into focus as the market evaluates its next move. The latest insights from analysts have raised questions about whether Bitcoin’s market momentum can overcome the resistance level at $108,000, its previous all-time high. Analyzing Bitcoin’s Market Indicators Amid the price performance from BTC, CryptoQuant analyst ShayanBTC has provided insights on the challenges and possibilities ahead for Bitcoin. Shayan noted that despite Bitcoin’s recent price increases, the funding rates—a critical on-chain indicator—have started to decline. This bearish divergence suggests that demand in perpetual markets may be weakening, casting doubt on whether the current bullish momentum is sufficient to push Bitcoin above its all-time high. Particularly, one of the primary hurdles for Bitcoin’s price t...

An unprecedented stablecoin supply of 73% has occurred on the Solana blockchain since the middle of January. A new initiative that has captured the attention of the crypto community, the $TRUMP memecoin, was launched at the same time as this spike. Solana has been a significant actor in the crypto space for a long time; however, the release of this memecoin has sparked new interest, propelling the network’s stablecoin ecosystem to new heights. TRUMP Token Drives Significant Stablecoin Supply Increase Its launch spurred activity on Solana’s distributed markets and further investments into the network. More stablecoins are now available thanks to the rise of money entering the market, therefore enhancing Solana’s significance as a key blockchain for distributed finance. Its debut attracted new investments to the network and increased activity on Solana’s decentralized markets. The increase in money flowing into the market has led to more stablecoins being available, boosting Solana’s...

Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone. Bitcoin started a decent upward move above the $103,200 zone. The price is trading above $103,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $102,000 zone. Bitcoin Price Recovers Above $102,000 Bitcoin price started a decent increase above the $101,500 resistance zone . BTC was able to surpass the $102,200 and $103,200 resistance levels to move into a positive zone. It even cleared the $104,500 resistance zone. The pair settled in a positive zone and now faces hurdles near the $106,500 zone. A high was formed at $106,414 and the price is now correcting gains. There was a move below the $105,000 level. It is now testing the 23.6% Fib retracement level of the up...

While the broader cryptocurrency market appears to be gradually recovering, Toncoin (TON) has yet to join the upward trend. Over the past week, TON has faced significant challenges, seeing its price dip by 5.4%. Amid this price performance, a CryptoQuant analyst has highlighted signs of a potential reversal, especially as recent data sheds light on underlying market dynamics that could impact the coin’s near-term trajectory. Toncoin Open Interest and Potential Reversal Signals The CryptoQuant analyst Joao Wedson has provided an intriguing perspective. In a recent post titled “TON: Signs of a Reversal?” Wedson highlighted a pattern within the open interest data that could hint at a price rebound. This analysis comes at a critical time, with market participants seeking any indicators that TON might stabilize and regain lost ground. Wedson’s analysis centers around the weekly variation in Toncoin’s open interest—a measure of the total number of outstanding derivatives contracts on t...

On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH’s price. Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently. The “ MVRV Ratio ” refers to an on-chain indicator that keeps track of the ratio between the Ethereum market cap and the realized cap. The realized cap here is a capitalization model that calculates ETH’s total valuation by assuming that the ‘real’ value of each token in circulation is equal to the spot price at which it was last transferred on the blockchain. Since the last transaction of any coin is likely to correspond to the last point at which it changed hands, the Realized Cap essentially measures the sum of the cost basis of the circulating supply. This model could also be looked at as a representation of the amount of capital the...

On Wednesday, Dogwifhat (WIF) led the crypto market with a 16% surge to $1.37, becoming one of the best-performing cryptocurrencies in the last 24 hours. The token swam against the current as most of the top memecoins recorded red numbers, leading analysts to suggest a possible breakout for the token. Las Vegas Sphere About To Be WIF Hat Dogwifhat has recovered from yesterday’s drop below the $1 mark following its team’s tease of the long-awaited Las Vegas Sphere project. On Tuesday night, the official Dogwifhat X account shared a picture of its mascot in Las Vegas. The image included the cute dog with the Las Vegas Sphere as its hat and an old Nokia phone with “01.2025” on its screen. Additionally, the account stated that the “hat stays on,” explaining that dates will be shared “as soon as we are allowed.” The bullish tease propelled the token back to its recently lost support of $1.30 and reignited the broader community’s interest in the memecoin. WIF became the memecoin sensa...

According to crypto analyst Titan of Crypto, Ethereum (ETH) could be on the verge of a “major move upward” this year as it continues to form higher lows on the weekly chart. However, breaking through the persistent $4,000 resistance level remains a key hurdle for the cryptocurrency, before it goes on to create new highs. Ethereum On The Brink Of A Massive Rally? While frustration may be getting the better of ETH holders due to the digital asset’s below par price performance over the past two years, there could still be a chance to witness a complete turnaround in ETH’s price trajectory. In a post on X, Titan of Crypto shared the following ETH weekly chart, illustrating how the digital asset has been consistently forming higher lows since 2022. If ETH maintains this trend, it could soon break through the crucial $4,000 level and potentially set new all-time highs (ATH) later this year. The analyst also applied Fibonacci extensions to estimate potential price targets, with the most...

Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum’s resurgence, urging investors to consider the long-term picture. In a detailed post on X, ProjectW outlined several factors that could drive Ethereum’s next breakout. The analyst highlighted Ethereum’s years of accumulation within a broad trading range, suggesting that such prolonged consolidation often precedes significant price expansions. Despite the negative sentiment around Ethereum and narratives favoring other networks like Solana, ProjectW emphasized that Ethereum’s long-term upward trend remains intact. A possible retest of the sub-$ 3,...

On-chain data shows the Bitcoin Miners’ Position Index (MPI) has recently formed a crossover that has historically been bullish for the asset’s price. Bitcoin MPI Has Seen Its 90-Day MA Cross Above The 365-Day As explained by an analyst in a CryptoQuant Quicktake post , the Bitcoin MPI momentum has recently given a bullish signal for Bitcoin. The “ MPI ” refers to an on-chain metric that keeps track of the ratio between the total miner outflow and its 365-day moving average (MA). The miner outflow here is naturally the amount of the cryptocurrency (in USD) that is being transferred out of the wallets associated with the network’s validators. When the value of the MPI is high, it means the miners are making more outflows than usual. Generally, the main reason why this cohort transfers tokens out of its wallets is for selling-related purposes, so this kind of trend can be bearish for the asset’s price. On the other hand, the indicator being low suggests the miners are withdrawing a...

Despite the recent Dogecoin pullback, crypto analyst Javon Marks has provided a bullish outlook for the foremost meme coin. According to m, DOGE’s price is gearing up for a move that could send it above $2.  Dogecoin Gears Up For 600% Run Above $2 In an X post , Javon Marks predicted that Dogecoin could record a 600% price rally and surge above $2. This came as he provided some optimism despite the recent pullback, with DOGE dropping to as low as $0.30. He stated that the price action is “refreshing” because prices still look on track for another great bullish performance.  Marks added that history suggests that another run of 600% or more could happen, sending the Dogecoin price above $2.28. In line with this, he remarked that the next wave can be historical. The analyst had previously alluded to DOGE’s historical performance when he predicted that the meme coin could rally above the 1.618 Fib extension, which is currently at $2.2.  Crypto analyst Trader Tardigra...

Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000. This represents a 6.3% increase over the past two weeks. Amid this upward trajectory, a CryptoQuant analyst has assessed the patterns of Bitcoin’s realized capitalization and UTXO age bands for clues about what might come next. What the Data Suggests About Bitcoin’s Future IT Tech, a contributor to the CryptoQuant QuickTake Platform, recently shared insights on Bitcoin’s current cycle behavior. According to the analysis, the proportion of younger UTXOs—coins that have moved recently—has begun to rise. Historically, high levels of younger UTXOs have coincided with cycle tops, as seen during the peaks of 2013, 2017, and 2021. Although the current cycle has not yet reached these extreme levels, the increase in younger UTXOs suggests that newer market entrants are becoming more active. Accordi...

Bitcoin has seen a modest recovery after dipping below the $100,000 mark earlier today. At the time of writing, BTC is trading just above $101,000, following a 3.7% decline in the last 24 hours. This recent movement appears to have not only instilled hope in investors but has also caught the attention of analysts now closely monitoring on-chain data and short-term holder behavior to understand the asset’s next potential move and the critical levels to watch. Key Support level for Bitcoin Yonsei Dent, a contributor to CryptoQuant’s QuickTake Platform, has highlighted key metrics indicating that short-term holders (STH) may play a pivotal role in defining Bitcoin’s immediate support levels. In his latest analysis, Dent identified $89,900 as a critical support level for holders who have held BTC for one week to six months . He noted that most short-term holders remain in profit, which reduces the likelihood of a sudden wave of selling pressure. However, Dent also acknowledged that ...

Solana has seen a price drawdown of around 12% during the past day, but if this pattern is to go by, there could be more decline on the way. Solana Has Seen A Crash Over The Last 24 Hours The cryptocurrency sector as a whole has plummeted during the past day, with Solana not being spared as its price has also gone through a notable decline. Below is a chart that shows how SOL’s recent performance has looked. From the graph, it’s visible that Solana has suffered a steep plunge of almost 12% in this period, which is worse than many other top cryptocurrencies. Bitcoin (BTC), for instance, has seen a decline of around 5%. Following this crash, Solana is now back at the $227 level. The asset has seemingly paused its fall for now, but it’s possible that it would resume soon. SOL Has Breached Under Its Symmetrical Triangle In a post on X earlier in the day, analyst Ali Martinez discussed about a Symmetrical Triangle that Solana had been trading inside. The “ Symmetrical Triangle ” he...

The Bitcoin price has long been celebrated for its explosive growth during bull market periods . However, its cyclic nature, which consists of both a bull and a bear market, often leaves many market watchers unprepared for inevitable crashes. If history is any guide, a crypto analyst predicts that Bitcoin will skyrocket to a new price peak in 2025 and hit the end of the road after crashing to $50,000 in 2026. Despite the anticipated bull run in 2025 , historical data suggests that Bitcoin could soon experience a significant market correction. TradingView analyst Xanrox said in a recent report that BTC’s price will crash to $50,000 in 2026. Analyst Calls For BTC Price Crash To $50,000 The analyst explained that statistically, Bitcoin’s price tends to crash by 77% to 86% every four years. Moreover, his predicted price decline to $50,000 aligns with past bull cycle patterns, where Bitcoin sheds substantial value after every bull run.  Presenting a chart, the analyst highlighted...

Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,420 resistance zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,150 support level. Ethereum Price Breaks Support Ethereum price started a decent upward move from the $3,280 level, like Bitcoin . ETH was able to surpass the $3,320 and $3,350 resistance levels. The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD. A low was formed at $3,16...

The Bitcoin (BTC) price has recently entered a consolidation phase following significant upward movements, as the cryptocurrency market experiences heightened volatility at the start of the year.  Currently, the market’s leading cryptocurrency is hovering above the critical $100,000 milestone, with analysts suggesting that further price increases could be on the horizon. Analyst Warns Of ‘Overly Bullish Sentiment’ In a detailed analysis by a market expert known on social media as Daily Crypto Trading, the Elliott Wave Theory is being employed to predict Bitcoin’s next moves.  According to this analysis, the market could be witnessing a flat corrective wave, with a target in the range of $90,000. The analysis confirms that the recent flat ABC structure held firm at the 89-90k levels, indicating that wave 4 has completed.  The analysis highlights that while the sentiment surrounding Bitcoin’s future is “overwhelmingly bullish,” this can often serve as a cautionary sig...

As Bitcoin (BTC) consolidates above the significant $100,000 milestone, previously a challenging resistance level to breach, market analysts are closely monitoring its potential for further price increases and the possibility of new all-time highs (ATHs).  A critical threshold of $109,000 looms in the near future for the market’s leading cryptocurrency, but the clock may be ticking as experts warn of an impending bear market that could emerge within just three months. Analyst Warns Of Imminent Bear Market For Bitcoin Market expert and technical analyst Ali Martinez raised concerns in a recent social media post on X (formerly Twitter), based on historical patterns observed following Bitcoin’s Halving events.  The analyst suggests that Bitcoin and the broader cryptocurrency market could enter a bear cycle approximately 90 days from now. This prediction is grounded in the cyclical nature of Bitcoin’s price movements, particularly during Halving years, which historically hav...

After surging by over 60% in the last three months, thanks to Donald Trump’s victory, the selling pressure for Bitcoin is no longer a point of concern for the overall crypto market. In fact, large whales are now in the mood to hold on to their Bitcoin investments for the long term, meaning prices could see a further move upwards in the coming months. With Bitcoin poised for a whale-driven rally, the crypto space across the board is also expected to follow suit and cough up some mind-boggling returns for those who invest smartly and in high-potential cryptocurrencies. To help you out, here are the top 5 cryptos to invest in to become a millionaire in 2025. 1. Wall Street Pepe ($WEPE) – Overall Best Crypto for First-Time Investors With over $60M in presale funding and recent whale purchases of $115K , $82K , and $66K – all in the last couple of weeks, by the way –  Wall Street Pepe ($WEPE) is undoubtedly one of the best crypto presales to invest in in 2025. What’s more, a whale ...