Category: Bitcoin News

How to Read Crypto Charts in 2025 Like a Pro

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Key takeaways Crypto charts display open-high-low-close (OHLC) data. OHLC data helps traders track price movements, analyze volatility and identify trading opportunities. The X-axis represents timeframes, while the Y-axis shows price levels, either on a linear or logarithmic scale. Volume bars below the chart help confirm market participation. Candlestick charts remain the most popular for their detail, while line charts offer quick overviews, and bar charts provide an alternative OHLC breakdown. Common patterns such as head and shoulders, double tops and bottoms, triangles, flags, pennants and wedges capture trader sentiment and…

What Happens If Ethereum Hits $100,000?

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What does ETH at $100,000 look like? If ETH hits $100,000, Ethereum will become a multitrillion-dollar economy with outsized knock-on effects. At $100,000 per Ether (ETH), today’s circulating supply of 121.1 million would imply a market value of around $12.1 trillion. That’s about 3.2 times Apple’s market cap and roughly 44% of gold’s estimated total value. If roughly 36 million ETH remains staked (29.5% of supply), that alone represents $3.6 trillion in bonded capital. At this scale, every downstream metric amplifies: from the security budget (via staking rewards) to the…

Bitcoin Price Eyes Drop to $74K as Whale Opens Another $140M BTC Short

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Key takeaways: Bitcoin’s rising wedge pattern suggests a potential drop to $74,000 if a key support level fails. A new whale has placed $140 million in short bets on BTC. Bitcoin’s (BTC) technical setup suggests a deeper correction to $74,000 is possible, as whales have increased their short exposure to BTC. Bitcoin’s rising wedge targets a 34% price drop The weekly chart shows the BTC/USD pair trading within a rising wedge, with the price testing support from the lower trendline of the pattern at $110,000.  Related: US Bitcoin and Ether…

Crypto ‘Got a Passing Grade’ on the Weekend Crash: Bitwise CIO Matt Hougan

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The crypto market faced its biggest leveraged wipeout in history last weekend, but the turbulence won’t leave a lasting mark, according to Bitwise chief investment officer Matt Hougan. In a Tuesday blog post, Hougan described the sharp drop as “a blip” and not a big deal. He added that crypto “got a passing grade” in its handling of the sell-off. “Many DeFi platforms performed flawlessly: Uniswap, Hyperliquid, Aave and others reported no losses,” he wrote, while noting that Binance and some other exchanges faced issues. “Taken together, crypto did as…

Bitcoin Short-Term Holders Struggle to Stay in Profit Despite ‘Euphoria’

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Key points: Bitcoin’s NUPL metric repeats past bull-market tops with a move from “optimism” to “euphoria.” The Bitcoin realized cap is increasingly in the hands of short-term holders. New investors continue to get squeezed by range-bound BTC price performance. Bitcoin (BTC) may be in its “final expansion” to a blow-off top despite recent lows, new research says.  In one of its Quicktake blog posts on Wednesday, onchain analytics platform CryptoQuant showed BTC price history repeating itself. Bitcoin NUPL implies “shift from optimism to euphoria” Bitcoin is headed for its new…

‘Double Top’ Setup Warns of 30% Price Drop in October

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Key takeaways: BNB (BNB) has failed to extend its record rally, facing rejection near the $1,350 level twice in the past week, a pattern that raises the odds of a pullback in October. Double top setup raises 30% BNB correction risks BNB’s daily chart reveals a classic double top formation near the $1,350-$1,375 area, signaling potential trend exhaustion after a 95% year-to-date rally. The two peaks, shown as Top 1 and Top 2, below, mark failed breakout attempts, with the neckline support sitting around $1,100. A decisive close below this…

NFT Market Rebounds After $1.2B Wipeout in Friday’s Crypto Crash

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The non-fungible token (NFT) market showed early signs of recovery after a steep sell-off wiped out about $1.2 billion in market capitalization during the crypto market crash on Friday.  According to CoinGecko data, the sector’s overall valuation fell from $6.2 billion on Friday to $5 billion on Saturday. This erased nearly 20%, or approximately $1.2 billion, in market capitalization for digital collectibles across all blockchain networks.  However, the sector experienced a rapid recovery as crypto markets rebounded. On Sunday, NFTs reached $5.5 billion, marking a 10% gain following the crash.…

Can It Resume Its Bull Market Uptrend?

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Key takeaways: XRP price must flip the 200-day SMA and the $2.70-$2.80 resistance into support for a rally above $3.00. Analysts see a 57% chance of an upward breakout to $9.5-$27, with a 43% chance of a drop to $0.50. XRP (XRP) has tumbled more than 31% since peaking near $3.66 in July, including a 12.5% drop in the past seven days that dragged it toward $2.50. XRP/USD daily price chart. Source: TradingView Can XRP hold $2.50 as support and continue rallying afterward? XRP must flip the 200-day SMA into…

Over 40% Of Ether Locked In Unprecedented Supply Squeeze

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The price of Ether (ETH) has nowhere to go but up, according to an analyst, with 40% of Ether now out of circulation amid record institutional demand.  “Ethereum has never experienced a market cycle with all three supply vacuums active at once,” said analyst “Crypto Gucci” on Tuesday.  Crypto Gucci noted that digital asset treasuries (DATs) did not exist in the last market cycle. Over the past few months, DATs have amassed a whopping 5.9 million ETH, worth around $24 billion and equivalent to 4.9% of the total supply, according…

Sorare CEO Hypes Ethereum Despite Upgrading to Solana

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Nicolas Julia, CEO of fantasy sports crypto platform Sorare, said he hasn’t lost faith in Ethereum despite its plan to migrate to Solana — a move he has described as an “upgrade.” Last Thursday, Sorare announced that it would migrate from Ethereum after six years, capitalizing on Solana’s scalability and consumer-focused user base. The company will move over 10 sports games and their trading cards to Solana.  “It’s not a replacement, it’s an upgrade,” Sorare said at the time. Julia later explained to Cointelegraph that Solana is the most viable…