Day: March 15, 2025

Ether may fall below $1.9K ‘robust’ demand zone, analysts eye capitulation

admin

Ether risks another decline below $1,900, which may open up a significant amount of investor demand, which may catalyze Ether’s recovery from its three-month downtrend Ether (ETH) price fell over 52% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows. While another correction below $1,900 is on the horizon, this may unleash significant buying pressure, according to Juan Pellicer, senior research analyst at IntoTheBlock. ETH/USD, 1-day chart. Source: Cointelegraph/TradingView “Onchain metrics reveal a robust demand zone for ETH just below $1,900,” the analyst…

Trade war puts Bitcoin’s status as safe-haven asset in doubt

admin

Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today. A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock.  A spreading global tariff war set off by the United States, as well as troubling economic reports, have sent equity markets tumbling, and Bitcoin too — which wasn’t supposed to happen with a “risk off” asset. …

Bitcoin’s megaphone pattern, explained: How to trade it

admin

Key takeaways The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure. Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability. The formation signals heightened volatility, with price swings becoming more pronounced over time. Depending on the trend direction, the pattern can indicate potential breakouts either upward (bullish) or downward (bearish). The megaphone pattern, also known as a broadening formation, is a technical analysis chart pattern that traders observe in various financial markets, including cryptocurrencies like Bitcoin. …

Bitcoin needs weekly close above $81K to avoid downside ahead of FOMC

admin

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025. Bitcoin (BTC) price fell over 3% during the past week, to trade above $83,748 as of 9:33 a.m. in UTC, Cointelegraph Markets Pro data shows. Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.…

‘Very possible’ Bitcoin consolidates for 8 months again: 10x Research

admin

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on. “Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November. Bitcoin’s current chart signals “market indecision” Thielen…

‘Very possible’ Bitcoin consolidates for 8 months again: 10x Research

admin

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent much of the year consolidating after hitting all-time highs early on. “Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024, where it reached an all-time high of $73,679 in March before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November. Bitcoin’s current chart signals “market indecision” Thielen said…

Crypto faces ‘starkest’ gap between sentiment and fundamentals: BlockTower

admin

The major disconnect between crypto traders’ growing short-term market uncertainty and crypto builders becoming more bullish than ever creates a prime setup for long-term investors, according to a crypto hedge fund founder. “This is one of the starkest divergences I’ve seen in sentiment and fundamentals,” BlockTower Capital founder Ari Paul said in a March 14 X post. Optimism grows among those beyond crypto natives Paul said that while traders and analysts have turned bearish on crypto recently, crypto developers — and more broadly, those working for crypto companies less focused…

Coinbase files to launch Cardano, Natural Gas futures contracts

admin

Key Takeaways Coinbase is introducing futures contracts for Cardano and Natural Gas, pending CFTC approval. Cardano futures allow traders exposure to price movements without holding the asset. Share this article Coinbase is seeking regulatory approval to launch Cardano (ADA) and Natural Gas (NGS) futures contracts—a move that would expand its offerings in the energy and crypto derivatives markets. Coinbase Derivatives, Coinbase’s futures exchange, said Friday it had submitted documentation to the CFTC to self-certify futures for ADA and NGS. We’re excited to announce that Coinbase Derivatives has filed with the…

Sacks and his VC firm sold over $200M in crypto and stocks before WH role

admin

David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5. Crypto sell-off in an effort to prevent conflict of interest The memorandum said the “significant steps” were taken to reduce potential conflicts of interest…