Bitcoin News

In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment Officer (CIO) Matt Hougan has backed the potential of a brewing crypto altseason. The key crypto figure and market pundit has stated that certain DeFi developments are pointing to a robust price surge for the crypto market. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum DeFi Boom Incoming: Jupiter, Ondo, Uniswap Lead Charge To Altseason Via an X post on February 21, Hougan listed several developments, especially in the DeFi industry that hint at an incoming altcoin bull rally. Firstly, Hougan references the US Securities and Exchange Commission (SEC)’s latest decision to drop its lawsuit against the Coinbase Exchange. In June 2023, the US regulator charged Coinbase to court over several alleged securities violations including serving as an unregistered exchange and broker. However, in a sharp turn of events, the SEC has decided to withdraw its complaint ending a 2-year long legal battle The Bitwise CIO also mentions DEX aggregator Jupiter’s recent move to activate a fee structure introducing a minimum of 0.01% fees on all platform swaps which creates a more efficient operational model. Another development raised by Hougan is Ondo Finance’s announcement of the Ondo Global Market, a tokenization platform designed to introduce on-chain exposure to US securities such as stocks, bonds, and exchange-traded funds listed on the NYSE and NASDAQ. Finally, Hougan also spotlights the launch of the Unichain – an Ethereum-layer 2 solution designed by Uniswap labs to improve liquidity, cross-chain operatalibility and also significantly reduce transaction fees. In reality, these are all singular developments. However, Hougan explained these developments can be attributed to the ongoing efforts by the current US Government to create a “fair regulatory environment.” In doing so, crypto companies and DeFi projects can run effectively extending their reach beyond the digital asset space. The potential of this scenario is likely to encourage investor engagement serving as an early indicator of altseason.  In particular, Matt Hougan explains the DeFi market presents a lot of hidden potential to influence the non-crypto markets under the right conditions. Crypto Market Overview At press time, the crypto market cap is valued at $3.12 trillion after a 1.78% decline in the past day. Bitcoin maintains strong market influence with a dominance of 60.4%, followed by Ethereum (10.2%) and other altcoins (29.5%).  Meanwhile, the Altseason index is at 31 strongly in favor of the premier cryptocurrency. Related Reading: Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming? Featured image from iStock, chart from Tradingview

Dogecoin whales have executed a substantial transaction in the last two days, purchasing 110 million DOGE while the price of the meme coin declined. This systematic accumulation has attracted the interest of experts and traders, igniting discussions regarding a possible price reversal. With DOGE presently trading at $0.25, many are speculating whether this may indicate a forthcoming bullish breakout. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Whale Accumulation Signifies Assurance A substantial number of investors, often referred to as “whales,” play a crucial role in shaping market patterns. On-chain data indicates that these whales have accumulated DOGE valued at around $27.5 million in the last 48 hours. Historical market cycles indicate that such strong buying behavior from significant holders often precedes rising price trends. The rise in whale accumulation aligns with a broader trend of increased whale activity in the cryptocurrency sector. Analysts suggest that the continued purchase pressure may create substantial support for DOGE, hence reducing the likelihood of a significant fall. Whales bought 110 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/bwMiGNW0gp — Ali (@ali_charts) February 21, 2025 Essential Support Levels Maintain Stability Technical analysts have noted that Dogecoin’s most recent fall encountered a resistance close to the $0.22 level. Historically, this level has been a strong demand zone that draws investors even in DOGE’s decline. If the price keeps above this crucial support level, it could stimulate a possible recovery. Conversely, resistance levels at $0.27 and $0.30 remain pivotal for DOGE’s future upward movement. A breach above these levels may lead to a prolonged rise, whereas a failure to achieve this could result in more consolidation. Market Sentiment & Price Projection Despite the recent decline, the majority of sentiments about Dogecoin are still positive. The trading volume and social media conversation around the meme coin suggest that individual traders are closely keeping tabs of its movements, with many estimating a potential breakout. Additionally, analysts keeping an eye on DOGE’s price movements believe that the symmetrical triangular pattern on the 1-hour chart portends an impending breakthrough. In the coming days, DOGE can face its closest resistance levels if bullish momentum builds. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Meanwhile, despite ongoing concerns over price volatility, historical trends indicate that substantial acquisitions by large investors typically result in price appreciation. Featured image from Gemini Imagen, chart from TradingView

The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last trading week, BTC declined by 2.24%, bringing its total value loss over the past 30 days to around 8.59%. Amidst this indecisive market, digital asset analysis X page More Crypto Online has shared some valuable insights on potential short-term price movements. Related Reading: Bitcoin 4-Year CAGR Drops To 14.45% But Still Outshines Gold, Stocks – Details Bitcoin Fails To Move Above Feb. 14 High — Market Bulls In Trouble? In an X post on February 21, More Crypto Online provided an interesting outlook on the Bitcoin market structure. In the past week, the premier cryptocurrency notably experienced some rise price gains leading to a temporal rise above the $99,000 region, before crashing to its present market price of around $95,000. Following this price action, the experts at More Crypto Online postulate that Bitcoin might have formed a local price top which shows some correlation with recent developments in the stock market. This theory holds more weight, especially considering BTC’s inability to hold above the February 14 market high of $97,800. However, using Elliot Wave Theory, these analysts explain two scenarios that could confirm the actual status of the Bitcoin market. Firstly, they propose that BTC could likely be in a corrective Wave 2 movement i.e. a mere retracement after its initial upswing (Wave 1) that precedes a strong bull rally (Wave 3). For this bullish prediction to remain viable, Bitcoin must hold above the $94,645 support level. If a considerable amount of buying pressure can be introduced at this price zone forcing a consolidation, the cryptocurrency could be set for a price surge to around $103,000.  Conversely, if Bitcoin breaks below $94,645, selling pressure is likely to intensify, leading to further price drops. However, only a price fall below the $93,450 support zone would nullify the current bullish set-up, indicating the current downtrend is a trend reversal rather than a retracement. In this negative case, Bitcoin could slide to $91,000 with the potential for further decline to below $89,000. Related Reading: Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout BTC Market Overview At press time, Bitcoin trades at $96,261 following a 1.78% loss in the past 24 hours. However, the market’s daily trading volume is up by 56.60% and is valued at $49.03 billion. According to data from Coincodex, the Fear & Greed Index is currently at 49 indicating a neutral sentiment from investors. This development corresponds with the general uncertainty as investors are in a wait-and-see phase as they are unsure about Bitcoin’s next price move. Interestingly, CoinCodex analysts remain optimistic with a bullish prediction of $108,429 in five days and $131,693 in the next month. Featured image from The Guardian, chart from Tradingview

Joe McCann, a hedge fund founder with experience of more than 25 years, has been up to some interesting research as far as meme coin investing is concerned. His flagship fund, called the Technology Master Fund, is ranked third in the world in terms of 12-month cumulative returns. This is as of March 2024. When the world was jumping into trending meme coins, McCann developed a pretty unique method of catching the bull by its horns. He merged the traditional Wall Street methods of mitigating risk and the frenzy of the meme market to build a new ‘Meme Street’ investing ethos. McCann believes that one of the key skills of a trader is to stay as unemotional as possible, especially when the markets are tanking. If not, it can lead to very poor trading decisions. Plus, seeing as the memecoin market is filled to the brim with euphoria, it can be very difficult for investors to get a hold of their thoughts. This is where a more risk-measured and systemic approach like Meme Street comes in handy. What Are the Rules of Meme Street? The biggest difficulty in trading meme coins for institutional investors is liquidity. That’s why McCann only takes large exposure in blue-chip meme coins. These are the biggest cryptocurrencies that have maintained over $1B market cap mark for at least 90 days. Another rule of Meme Street is to limit the exposure of the entire fund to just 2% for coins that are not a part of the top 20% of the total crypto market cap. Once these ground rules have been established, McCann goes on to analyze the best meme coins just as any other asset class using technical analysis and data. McCann’s $BONK Trade In 2023, McCann observed that stablecoin funds were flowing from Ethereum to Solana. Now, Solana had not crossed the $30 mark for the most part of 2023. A shift in funds could have helped $SOL hold its resistance and see the prices soar, which is exactly what happened. Now, investors would use this game to park their funds in high-beta coins for a steep risk-to-reward possibility. The challenge was to find out which asset investors would sit on. McCann placed his bet on $BONK, which, lo and behold, saw a massive rally in Q4 2023. Exiting a position is also crucial. Now, since Bonk was still in a price discovery mode, there were no technical indicators to suggest an exit. To solve this, McCann started studying real-time order flows to see if there is any slowdown in Solana’s inflows. McCann built a system that could identify large order flows into a particular asset (say Solana) and then use this information to decipher whether this flow can be attributed to accumulation or distribution. If data suggested distribution trends, it would be safe to exit a meme coin trade. McCann’s Outlook for 2025 McCann is bullish on Bitcoin and Solana in 2025, primarily due to increasing institutional interest. Several countries have been aggressively buying $BTC as a part of their strategic reserves. Solana, on the other hand, is a cheaper, faster, and more user-friendly alternative to Ethereum. However, he also has a word of caution for those looking to buy into hype for quick gains. McCann believes the period of easy money is over, and only strategic traders will survive in 2025. Investing in meme coins doesn’t have to be super risky, especially when a systemic investing method similar to Meme Street is now launching for meme coins. Enter Meme Index ($MEMEX). What Is $MEMEX? Meme Index ($MEMEX) brings the good old stock market concept of index funds to meme coins. It offers a total of four different meme coin baskets, each with a varying degree of volatility, risk, and profit potential. Depending on your risk appetite and analysis (a slow market would mean you should go for safer investments, for instance), you can choose one or more $MEMEX baskets. Here’s a brief rundown of the four indexes on offer: Meme Titan Index: Contains well-established meme coins with a market cap of over $1B. Perfect for risk-averse and new meme coin investors. Meme Moonshot Index: Meme coins that are about to surge past $1B in market capitalization. This provides a balanced mix of risk and reward. Meme Midcap Index: Coins with a market cap between $50M and $250M. Riskier than the above two but also more rewarding. Meme Frenzy Index: Cryptos that are likely to explode. A very volatile index, ideal only for real risk-takers. Needless to say, these meme coin baskets, even the riskiest Meme Frenzy one, significantly reduce the total amount of risk you put on by diversifying your investment across various coins. So, you’re less likely to go bust if a meme coin doesn’t perform as well. Because others in the basket will still ensure you end up in green. Why Can $MEMEX Be the Next Crypto to 100x? As McCann said, the current market conditions aren’t screaming bullishness, meaning ‘buy and HODL’ wouldn’t probably work as well as it does in bullish conditions. Times like these require smart investing. Exactly what $MEMEX brings to the table. Furthermore, investors who have been so far skeptical of entering the meme coin space because of its volatility and dare we say pump-and-dump nature will consider $MEMEX as their chance to finally set foot in meme coins. For more information, check out $MEMEX’s whitepaper and its X feed. Meme Index is currently in presale, where it has already raised over $3.8M. You can get 1 $MEMEX for just $0.0164239 if you get in now, but hurry up because prices increase in the next 18 hours. If this is your first crypto presale purchase, here’s a guide on how to buy $MEMEX. As always, we urge you to do your own research before investing your hard-earned money. The crypto and memecoin markets, after all, are quite volatile and unpredictable in the short term. Also, this article isn’t a substitute for professional financial advice.

Bitcoin has experienced a tiring price action in recent weeks, with the price struggling to set a clear short-term direction. Investors are beginning to feel impatient as BTC remains stuck in a tight range, showing no decisive breakout. The price was testing crucial supply between $98K and $100K when the market was hit by negative news, adding further uncertainty. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore On Friday, the cryptocurrency exchange Bybit suffered a massive hack, with $1.4 billion in ETH stolen. The incident triggered fear among traders, leading to increased volatility across the crypto market. However, Bybit responded quickly, working to reassure investors and prevent further market-wide panic. As Bitcoin remains range-bound, price compression is becoming extreme, indicating that a major move could be coming soon. Top analyst Big Cheds shared an analysis on X, revealing that Bitcoin is facing its tightest daily Bollinger Bands (BBs) since August 2023, when the price was at $29.5K. Historically, such low volatility phases lead to explosive price movements, making BTC’s next move critical. Bitcoin Price Action Signals Imminent Breakout Bitcoin has struggled below the $100K mark since late January, with bulls unable to confirm a recovery rally despite multiple attempts. At the same time, bears have failed to push BTC below key demand levels, keeping the price above $90K. This ongoing battle between supply and demand has created an uncertain short-term outlook, leaving the market waiting for a catalyst to determine the next move. The lack of directional clarity has led to Bitcoin consolidating in a tight range, signaling an upcoming breakout. Big Cheds’ insights on X reveal that Bitcoin now has its tightest daily Bollinger Bands (BBs) since August 2023, when BTC was trading at $29.5K.The last time BTC saw this level of price compression, the market experienced an aggressive price drop before a long accumulation phase that eventually led to a recovery.  With BTC now coiling up for another breakout, traders remain cautious about the direction of the move. If BTC reclaims $100K, an explosive rally into price discovery could follow. However, a breakdown below $94K–$90K could trigger deeper corrections, making the next few days critical for the market. Related Reading: Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst If history is any indication, this period of low volatility is unlikely to last much longer. The market is preparing for a major move, and traders are closely watching key resistance and support levels for confirmation. With Bitcoin’s supply on exchanges at historically low levels and long-term holders showing resilience, a breakout above $100K could spark a new wave of buying pressure. BTC Struggles After Volatile Friday Bitcoin is trading at $96,000 after a highly volatile Friday, where the price spiked to $99,500 before dropping to $94,800 following news of the Bybit hack. This sudden price action unsettled investors, as BTC failed to hold above critical supply levels and experienced a rapid selloff. Now, bulls must defend the $95K level throughout the weekend to prevent further downside. Holding this level would signal strength and allow BTC to push toward the $98K resistance, a key area that needs to be reclaimed for a breakout attempt above $100K. However, losing the $95K mark could trigger a breakdown into lower demand levels, potentially retesting the $94K or even $90K zones. Market sentiment remains divided, as BTC is showing signs of compression, typically leading to an aggressive move in either direction. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? For now, all eyes are on whether Bitcoin can reclaim $98K and sustain momentum, or if bears will push the price into deeper corrections. The weekend could be critical in determining the next major trend, as BTC remains stuck in a tight range between $94K and $100K with increasing volatility. Featured image from Dall-E, chart from TradingView