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News | Crypto Converter | Crypto Calculators |
Bitcoin faces extended recovery timeline as gold surges amid trade war fears |
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Key points: |
Analysts predict a delayed crypto recovery following the recent market sell-off, with Bitcoin struggling below $100,000. Gold demand skyrockets, weakening the Bitcoin-Gold ratio as traders seek traditional safe havens.
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News: BTC's recovery may take months - Bitcoin's recovery from the recent market crash could take at least two months if historical trends repeat, crypto analyst Matthew Hyland warned. |
Following a record-breaking liquidation event on February 3—where over $2.24 billion was wiped from the crypto market—Bitcoin fell to $92,584, breaching the psychological $100K support. While BTC has since bounced back above $97,500, Hyland cautioned against expecting a quick rebound. |
According to Hyland, market-shaking events like the 2020 COVID-19 crash and 2022's Terra and FTX collapses took months to recover from. " Even a V shape like 2020 took weeks with many dips on the way back up," he noted. |
Trade war concerns remain a key factor influencing investor sentiment. President Trump's proposed 25% tariffs on China, Canada, and Mexico initially sent shockwaves through markets. While he later paused tariffs on Canada and Mexico, China has retaliated with tariffs on U.S. goods, fueling global economic uncertainty. |
Bitcoin-gold ratio hits 12-week low - Bitcoin's struggle to regain momentum coincides with gold's surge to record highs. The Bitcoin-Gold ratio—which measures BTC's price relative to an ounce of gold—has dropped to 34, its lowest since November. This decline highlights the shift in investor preference toward gold, often seen as a hedge against economic instability. |
Gold has rallied nearly 10% year-to-date, climbing to $2,877 per ounce, driven by rising demand from China and increased U.S. imports. JPMorgan is set to deliver $4 billion worth of gold bullion to New York this month, underscoring the metal's strong market appeal. |
Meanwhile, Bitcoin ETFs have failed to generate meaningful upside pressure. Analysts at 10x Research suggest that recent inflows into spot BTC ETFs are primarily arbitrage-driven rather than long-term accumulation plays. |
What's next for Bitcoin? - Bitcoin remains in a tight trading range between $97,700 and $99,500, facing resistance at the $100,000 level. Analysts warn that a break below $97,000 could trigger another sell-off, potentially pushing BTC toward $90,000. |
For a bullish turnaround, Bitcoin must reclaim $100,000 and establish higher support levels. Until then, market sentiment remains fragile, with gold continuing to outshine BTC as investors hedge against macroeconomic uncertainties. |
Solana battles to stay above $200 as investor interest fades |
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Key points: |
Solana remains under pressure below $210, with weak investor sentiment and fading market confidence increasing the likelihood of a dip below $200. A drop in new user participation and negative Chaikin Money Flow (CMF) indicate reduced demand, signaling potential downside risks as selling pressure mounts. The $201 support level is crucial for avoiding a deeper pullback to $183, while a rebound from this zone could pave the way for a recovery toward $221.
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News: Solana faces selling pressure amid weak market sentiment - Solana's price has been stuck in a downtrend, failing to break past the $270 resistance level for three months. Currently, SOL is hovering below $210 and is at risk of losing key support levels as investor sentiment weakens. The broader crypto market downturn has added further pressure, limiting Solana's ability to stage a strong recovery. |
A significant decline in new addresses joining the Solana network is also a red flag. Fresh market participants are essential for maintaining price momentum, and their absence suggests reduced demand. This slowdown could lead to lower trading volumes and weaker netflows, further dampening price action. |
Adding to concerns, the Chaikin Money Flow (CMF) indicator—which tracks capital inflows and outflows—has slipped into negative territory. This suggests that sellers are currently in control, making it harder for Solana to sustain any upside moves. |
Key support and resistance levels to watch - Despite these challenges, Solana's price remains above its key support level at $201. This level is crucial—if it holds, it could act as a foundation for recovery, potentially pushing SOL toward $221 in the near term. A breakout above this resistance would signal a bullish shift and invalidate the current bearish momentum. |
However, if Solana fails to maintain support above $201, a further decline toward $183 is likely. Given the current weak investor sentiment and outflows, SOL's ability to hold this level will determine its next major move. |
What's next for SOL? - For now, Solana remains at a critical juncture, with investors closely watching whether it can reclaim upward momentum or face further downside pressure. Market conditions will be key in determining if SOL can shake off its recent slump and regain investor confidence. |
UAE partners with Shiba Inu for nationwide blockchain integration |
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Key points: |
Shiba Inu has secured a groundbreaking partnership with the UAE government, making it the first national-scale blockchain adoption for Web3 solutions. ShibOS will be implemented across various sectors, including energy, infrastructure, and public services, enhancing efficiency through decentralization. The collaboration further strengthens Shiba Inu's ecosystem, leveraging AI, encryption, and digital asset utility within government services.
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News: UAE chooses Shiba Inu to power blockchain innovation - In a landmark move for crypto adoption, the United Arab Emirates (UAE) has partnered with the Shiba Inu ecosystem to integrate blockchain solutions into government services. The UAE's Ministry of Energy and Infrastructure (MoEI) selected Shiba Inu's Operating System (ShibOS) as a key component in advancing Web3 technologies at a national level. |
This collaboration aims to streamline essential services across various sectors, making the UAE the first country to officially integrate blockchain at this scale. His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, highlighted the partnership's importance, stating that the UAE's focus on emerging technologies will set a global benchmark for innovation. |
Shiba Inu lead developer Shytoshi Kusama emphasized the project's potential to redefine government interactions with businesses and citizens. The initiative will leverage cutting-edge Web3 technologies, including artificial intelligence and Fully Homomorphic Encryption (FHE), to ensure security, transparency, and efficiency. |
Shiba Inu expands beyond meme coin status - The partnership represents a major step for Shiba Inu in proving its blockchain capabilities beyond its meme coin origins. The ecosystem, which includes tokens like SHIB, BONE, LEASH, and TREAT, saw a brief price surge following the announcement, though profit-taking by investors limited the upside. |
Shiba Inu has also been expanding its Web3 presence with projects like the WHY Combinator incubator, aimed at fostering blockchain innovation and increasing BONE's utility. This latest development further positions Shiba Inu as a serious player in the blockchain space. |
What's next? - Meanwhile, the UAE continues to position itself as a global crypto hub. Recent initiatives, such as tax exemptions for blockchain enterprises and AI-driven policymaking, have attracted major players, including the Aptos Foundation. |
With this strategic partnership, the UAE is advancing its blockchain ambitions while providing Shiba Inu with a real-world use case—one that could set a precedent for further governmental blockchain adoption worldwide. |
Trump's SEC takes a new direction: Crypto task force overhaul and regulatory reset |
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Key points: |
SEC's new crypto task force, led by Hester Peirce, aims to clean up what she calls a regulatory 'mess.' Over 50 lawyers from the SEC's crypto enforcement unit have been reassigned as part of a policy shift under President Trump. The agency is reconsidering crypto ETF approvals and token classification, while promising more transparency and engagement.
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News: SEC reshapes its crypto approach - The U.S. Securities and Exchange Commission (SEC) is making significant changes to its crypto regulatory approach under the Trump administration. Commissioner Hester Peirce, now leading the agency's new crypto task force, has criticized past enforcement methods and pledged to establish clearer guidelines. |
Peirce emphasized that the SEC will no longer rely on a "regulation by enforcement" strategy that saw crypto firms targeted with lawsuits under former Chair Gary Gensler. Instead, the task force will focus on defining which digital assets fall under securities laws, creating a pathway for token registration, and clarifying whether crypto staking and lending fall within the agency's jurisdiction. |
The SEC is also handling new applications for exchange-traded funds (ETFs) beyond Bitcoin and Ethereum, including funds for XRP, Solana, and Dogecoin. Peirce has promised a transparent approval process and more structured feedback for applicants. |
SEC restructuring and market impact - In line with Trump's deregulatory stance, the SEC is scaling back its specialized crypto enforcement division, with over 50 agency lawyers reassigned. Some insiders view these moves as controversial, with reports of senior officials being removed from enforcement roles entirely. |
This restructuring has raised questions about ongoing SEC lawsuits against major crypto firms, such as Coinbase. The case against the exchange, which hinges on whether crypto tokens are securities, could be impacted by the agency's shift in approach. |
Meanwhile, the SEC has scrapped Staff Accounting Bulletin No. 121 (SAB121), a policy that forced financial institutions to treat customer-held crypto as liabilities. Critics, including Peirce, argued that the rule discouraged banks from entering the digital asset space. |
What's next? - As the SEC recalibrates its stance, the agency is encouraging direct engagement with industry participants. The task force has launched a new email, crypto@sec.gov, for stakeholders to provide input on regulatory matters. |
With President Trump establishing a presidential working group on crypto policy and banning the creation of a U.S. central bank digital currency (CBDC), the broader regulatory landscape is expected to shift further in favor of crypto innovation. |
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More stories from the crypto ecosystem |
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Did you know? |
Ethereum Name Service (ENS) domain names became increasingly popular in 2022, with numerous domain names being sold as NFTs. These NFT-based domains, which represent ownership of digital assets on the blockchain, were auctioned off through various platforms, allowing users to buy, sell, and transfer domains as unique digital assets. This shift in domain ownership represents a significant integration of NFTs with web3 technologies. In 2022, a Bitcoin ATM network in El Salvador reached a major milestone, with more than 200 Bitcoin ATMs being installed across the country. This move made El Salvador the first country to adopt Bitcoin as legal tender, giving residents and visitors a practical way to access and exchange Bitcoin in the real world. The first blockchain-based climate data platform was launched in 2023, allowing companies and governments to track and verify carbon emissions using immutable blockchain records. This platform aims to improve transparency in climate change efforts by creating verifiable and tamper-proof climate data.
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Top 3 coins of the day |
Amp (AMP) |
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Key points: |
At press time, AMP was trading at $0.006276, marking a modest increase of 0.67% in the last 24 hours. AMP's daily trading activity exhibited notable strength, positioning it as a token of interest.
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What you should know: |
Amp's price movement demonstrated a recovery from recent lows, closing at $0.006276. The token showed bullish tendencies, with the SMA (9) at $0.006645 acting as an immediate resistance level. The Awesome Oscillator highlighted a continuing bearish trend, as evidenced by its red bars. However, the gradual reduction in negative momentum could suggest a potential shift in sentiment. Trading volume remained robust, reflecting sustained interest among market participants. The observed increase in volume may influence AMP's next directional move. Immediate support is located near $0.005500, while the SMA (9) at $0.006645 serves as the next resistance level to monitor. Breaching this resistance could allow AMP to test the $0.007000 zone. If AMP maintains its upward trajectory, it may push past $0.006645 and establish a stronger bullish trend. On the downside, failure to sustain above $0.006000 could lead to a retest of the $0.005500 support level. |
dowifhat (WIF) |
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Key points: |
At press time, WIF was trading at $0.828, reflecting a 3.11% increase over the last 24 hours. The token has seen heightened trading volume, with 55.46 million units traded in the last session, suggesting increased market participation.
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What you should know: |
dogwifhat's price rebounded slightly from its recent low of $0.793, closing at $0.828. The token has been trading below the 9-day Exponential Moving Average (EMA) at $0.986, indicating a prevailing bearish trend. The Relative Strength Index (RSI) stood at 25.85, signaling that WIF is in the oversold zone. This could suggest a potential reversal if buying pressure increases. Trading volume has surged significantly, reaching 55.46 million units. This could be a sign of accumulation by investors anticipating a rebound. Immediate support lies near $0.750, while resistance is located at the $0.986 EMA. A sustained move above the EMA could shift the market sentiment toward bullishness. If the price breaks below $0.750, WIF may experience further downside pressure, possibly testing $0.700. Conversely, a break above $1.00 could attract bullish momentum and push the price toward $1.20 in the short term. |
Ethena (ENA) |
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Key points: |
At press time, ENA was trading at $0.58, reflecting a decline of 3.57% over the last 24 hours. The token demonstrated significant trading activity, with 108.41M volume recorded, as per CoinMarketCap.
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What you should know: |
Ethena's price declined further and closed near $0.58, aligning with bearish market sentiment. The Parabolic SAR indicated a sustained downward trend, with dots placed above the price candles, confirming bearish pressure. The MACD showed a continued negative momentum, with the MACD line below the signal line. However, the histogram reflected shrinking red bars, hinting at a possible slowing of bearish pressure. The trading volume spiked, reflecting heightened activity among traders, which might signal potential price volatility in the near term. The immediate support lies near $0.50, while resistance near $0.70 could come into play if a bullish reversal occurs. Traders should closely monitor the Parabolic SAR for signs of a shift in trend or further downside continuation. If the price breaks below the $0.50 support, it might lead to extended losses toward $0.45. On the other hand, a price recovery above $0.65 could bring a renewed bullish momentum, possibly driving the price back to the $0.70 resistance. Traders should watch for changes in trading volume and the MACD's crossover for early signs of trend reversals. |
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