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  • Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    • PancakeSwap (CAKE) dips as investors eye OM and BPEP for gains.
    • Mantra (OM) has surged by 36% in the last 24 hours.
    • Bitcoin Pepe (BPEP) presale hits $2M as it aims to build a Bitcoin meme L2.

    PancakeSwap (CAKE) has flashed a bearish signal after a significant Bull Run causing investors to panic.

    As CAKE falters, investors are moving towards Mantra (OM) and the newly launched Bitcoin Pepe (BPEP) for their promising outlook.

    PancakeSwap drops after significant surge

    PancakeSwap has been a darling of the DeFi community, offering a decentralized exchange on the Binance Smart Chain. Over the past week, its native token, CAKE, has witnessed a remarkable price surge drawing the attention of many.

    However, over the past 24 hours, CAKE has experienced a 4.64% drop after a remarkable 80.21% increase over the past week.

    PancakeSwap price drops
    PancakeSwap price by TradingView

     

    This volatility, with the price now at $2.52, suggests that PancakeSwap might be facing some market resistance or profit-taking after the rally.

    The high trading volume of CAKE, close to $335 million in a day, indicates there’s still substantial interest, but the downward trend could be a sign of investors diversifying their portfolios or reevaluating their positions in CAKE amidst the broader market dynamics.

    PancakeSwap’s challenge now is to maintain its utility and attractiveness in a market where new, innovative projects are constantly emerging.

    Mantra (OM) sees a 36% surge

    Amidst the PancakeSwap price fluctuations, Mantra (OM) has captured the attention of investors with its compelling growth trajectory.

    Currently trading at $7.61, OM has shown a remarkable 36.07% increase in the last 24 hours and a 29.33% rise over the past week.

    Mantra (OM) price chart
    Mantra (OM) price chart by TradingView

     

    This performance has pushed its market cap to over $7.4 billion, highlighting strong investor confidence in the project.

    Mantra aims to create a decentralized finance (DeFi) platform tailored for institutional investors, which might explain the surge in interest. Its appeal lies in its foundation in real-world asset tokenization, aiming to bridge the gap between traditional finance and blockchain technology. This innovation not only promises to democratize investment in assets like real estate but also ensures that it’s built on a secure and scalable infrastructure.

    The significant growth in trading volume, hitting $756 million in the last 24 hours, underscores the growing confidence among investors in Mantra’s vision and execution.

    However, as with any investment, the crypto market’s volatility means that one should approach it with caution.

    Bitcoin Pepe (BPEP): the new meme coin frontier

    Besides Mantra (OM), a new memecoin dubbed Bitcoin Pepe (BPEP) also offers an intriguing investment opportunity in its ongoing presale.

    Bitcoin Pepe introduces an intriguing concept by integrating meme culture with Bitcoin’s robust security, positioning itself as the world’s only “Bitcoin Meme ICO.” Its presale, currently in stage 4 of 30, has already raised over $2 million signaling the demand among investors.

    The Bitcoin Pepe presale is structured in such a way as to incentivize early investors with the price increasing with each presale stage. The price is currently at $0.0243 and is set to increase to $0.0255 in the next stage.

    Notably, Bitcoin Pepe aims to build a Layer-2 solution on Bitcoin, promising instant transactions and ultra-low fees, an enticing proposition for those looking for efficiency in Bitcoin transactions.

    By leveraging Bitcoin’s longevity and combining it with fast transaction capabilities akin to Solana, Bitcoin Pepe is carving out a niche in the meme coin market. The project’s whitepaper and roadmap detail ambitious plans for development, including AMAs, interactive Q&As, and additional hires to support its Layer-2 build, which seems to fuel investor enthusiasm.

    While CAKE’s recent faltering might be temporary, the surge in OM and BPEP offers alternative opportunities that promise not just immediate returns but also long-term viability and utility within the crypto ecosystem.

    However, as with all investments in this volatile sector, due diligence remains crucial to navigate through the hype and understand the real potential of each project.

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  • Michigan proposes investments in crypto as Bitcoin Pepe’s presale nears $2m

    Michigan proposes investments in crypto as Bitcoin Pepe’s presale nears $2m

    Michigan

    • Michigan has joined the wave of other states in the US looking to invest in cryptocurrencies
    • Bitcoin Pepe’s presale approaches $2m two days after launch

    Michigan proposes crypto investments

    Michigan’s state representatives, Bryan Posthumus and Ron Robinson have proposed House Bill 4087 to allow the state to invest in Bitcoin and other cryptocurrencies. 

    If the bill is approved, the state treasurer can allocate up to 10% of Michigan’s general and economic stabilization funds to cryptocurrencies. Michigan joins a wave of other states in the US proposing to invest in cryptocurrencies.

    What is Bitcoin Pepe?

    With Michigan and other US states looking to invest in cryptocurrencies, Bitcoin will likely top the list as it’s the number one crypto by market cap. Bitcoin Pepe is leveraging Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

    It’s a layer-2 network building on the Bitcoin blockchain. Bitcoin Pepe is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

    According to the whitepaper, Bitcoin Pepe is designed to become ground zero for all memecoin trading and move all this economic activity to the BTC ecosystem. This project will unlock decentralized finance (DeFi) and meme trading on top of BTC.

    The team describes Bitcoin Pepe as the perfect fusion between BTC’s security and the unstoppable force of memecoins.

    The team added that Bitcoin Pepe is the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

    How can Bitcoin Pepe advance the Bitcoin ecosystem?

    Bitcoin is the oldest blockchain in the ecosystem, but offers less utility than smart contract blockchains like Ethereum and Solana. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

    By ushering in memes on Bitcoin, Bitcoin Pepe will turn the blockchain into the home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for memecoin trading.

    Bitcoin Pepe will launch as a layer-2 network, providing the necessary infrastructure for all memes to migrate to BTC and ensuring security and liquidity for investors and users. 

    Bitcoin Pepe presale raises $2m in two days

    Bitcoin Pepe’s presale launched two days ago and is already close to a new milestone. According to their official whitepaper, the Bitcoin Pepe presale has raised $1,937,568 in just two days.

    This isn’t surprising, as its native token, $BPEP, will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem. The presale allows investors to buy the tokens before they are listed on exchanges. 

    Investors can purchase the $BPEP tokens using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. 

    The presale could be an opportunity to purchase $BPEP at a discount. Solana’s SOL currently trades at $196 per coin. However, it was sold for $0.22 during its presale in 2020, indicating how early investors benefit from partaking in presales.

    Bitcoin Pepe aims to be a leading L2 network on Bitcoin, offering users security and liquidity. In addition to that, it’s leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem.

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  • Bitcoin Pepe, BTC, and Solana

    Bitcoin Pepe, BTC, and Solana

    Bitcoin price action

    Crypto majors including Bitcoin remain under pressure amid a neutral market sentiment. However, revolutionary projects within the sector are thriving as savvy investors look for cheaper alternatives with great growth potential.

    Bitcoin Pepe, the first meme ICO on the Bitcoin network has captured the attention of crypto enthusiasts, surpassing $1 million within the first 6 hours of its presale. Its early adopters acknowledge that its unique approach of merging the meme culture with Solana’s speed and Bitcoin’s security will yield hefty returns ahead of its launch in Q2’25.

    Bitcoin price to remain range-bound amid a neutral market sentiment 

    Bitcoin price has remained in consolidation; trading in the red for the third consecutive week. At a fear & greed index of 47, which points to a neutral market sentiment, the crypto major may remain range-bound in the absence of a key near-term catalyst. 

    In the short term, the range between the support level of $93,500 and the resistance zone of  $100,898.95 remains worth watching. Indeed, below this range, this thesis will be invalid. If successful at breaking the current resistance, bitcoin bulls will have their eyes on the next target at $102,954.12.

    Bitcoin Pepe’s unique trifactor positions it for fastest-growing ICO of 2025

    Bitcoin Pepe, the first meme ICO on the Bitcoin network, has already raised over $1.7 million within the first 48 hours of its presale. Indeed, this is the playing field that meme coin enthusiasts have hungered for. 

    On the one hand, Bitcoin is highly valued as the main alternative to fiat currency. Besides, it is considered as a safe haven and hedge against inflation. 

    While its Proof-of-Work (PoW) system assures Bitcoin’s unmatched security, it results in slower transaction speed of up to 60 minutes. In comparison, it takes about 0.5 seconds for a transaction to be completed on Solana with up to 65,000 transactions processed in a second. 

    Bitcoin Pepe has merged the two while propelling the meme culture; a trifactor that has captured the attention of crypto enthusiasts. The project leverages on Bitcoin’s security and Solana’s super speed while integrating the ultra-popular meme culture. 

    It is this ideal setup that has sparked immense interest among crypto enthusiasts. Amid the heightened FOMO, savvy investors understand that the current price of $0.0232 may be the lowest for the BPEP token moving forward. 

    It is currently at stage 3 of the total 30 stages on its 2025 roadmap, which also includes launching a decentralized exchange (DEX) and L2 Bridge. As it achieves these developments, its value is set to skyrocket. As such, this is the best opportunity for cryptocurrency enthusiasts to amass some BPEP tokens. Buy the Bitcoin Pepe here.

    Solana price will need steady rebounding to ratify trend reversal

    Solana price is set for its fourth week of losses despite the recent rebounding that cut across crypto majors. While the selling pressure may remain a headwind in the near term, improvement of the market sentiment may flip its plight as it leverages on its super speed and low transaction fees. 

    In the meantime, the bulls are keen on defending the support at $186.21. On the upside, additional momentum may have it break the resistance at $206.48. However, a rebound past $215.70 to rubberstamp a trend reversal. 

     

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  • Wiki Finance Expo Hong Kong 2025: Asia’s premier fintech and web3.0 summit returns on March 27

    Wiki Finance Expo Hong Kong 2025: Asia’s premier fintech and web3.0 summit returns on March 27

    The highly anticipated Wiki Finance Expo Hong Kong 2025 is set to take place on March 27, 2025, at The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC). As the largest and most influential Fintech and Web3.0 event in Asia this year, Wiki Finance Expo Hong Kong 2025 promises to deliver a remarkable and rewarding summit for the industry.

    This year’s event promises to be bigger and better than ever, with a record 7,000 delegates expected to attend and 3,000 companies planning to participate.

    Event Details

    • Date: March 27, 2025

    • Time: 9:00 AM – 6:00 PM

    • Venue: The Sky 100 Hong Kong Observation Deck, International Commerce Center (ICC)

    • Focus Areas: Fintech, Web3.0, Crypto, Forex, Payments, AI, Metaverse, NFTs

    • Registration & Tickets: Free of charge

    • Registration Link: https://www.wikiexpo.com/HongKong/2025/en/index.html?c=Bf34Yo8a

    Why Attend?

    Wiki Finance Expo Hong Kong 2025 is poised to surpass all previous benchmarks, with over 7,000 attendees and 3,000 participating companies. This year’s Expo offers:

    • Expanded Scale: A significant increase in attendees and exhibitors, making it the largest event of its kind in Asia.

    • Elite Networking: An unparalleled opportunity to connect with industry leaders, forge new partnerships, and establish lasting connections.

    • Insightful Discussions: Engage with over 50 esteemed speakers sharing groundbreaking perspectives on the future of finance.

    • Innovative Exhibits: Discover cutting-edge technologies and solutions from 80+ exhibitors revolutionizing the financial landscape.

    Past Speakers at Wiki Finance Expo Global:

    • Dominic Williams, Founder & Chief Scientist, DFINITY Foundation

    • Evan Auyang Chi-chun, Group President, Animoca Brands

    • Justin Sun, Founder – TRON, Member – HTX Global Advisory Board

    • Reeve Collins, Co Founder – Tether

    • Jun Du, Founder, SINOHOPE & ABCDE Capital

    • Alvin Hu, Managing Director, Head of Key Account, KuCoin Exchange

    • Kevin Lee, CEO, Gate.HK

    • Mario Nawfal, CEO, IBC Group

    • Julian Tehan, CCO, BitMEX

    • Hasnae Taleb, Managing Partner, Mintiply Capital, The Shewolf of Nasdaq by Nasdaq Stock Market

    • Mayoon Boonyarat, Director Revenue Tax Policy Division, Ministry of Finance of Thailand

    • John Riggins, Partner, BTC Inc

    • John Patrick Mullin, Co-Founder, MANTRA

    • Weronika Marciniak, CEO, Future is meta

    • Emomotimi Agama, Fellow, U.S. SEC & IFC – Milken Institute, Managing Director, Nigeria SEC/NCMI

    • Loretta Joseph, Policy Consultant, The Commonwealth, Chairman, ADFSAC

    • Dr. Florian M Spiegl, Appointed Member, (HK) SFC – FinTech Advisory Group, Founder & CEO, EVIDENT, Lecturer, HKU – Faculty of Business and Economics

    • Brian Norman, CFO – Auros, Co-Chair Web3 & Blockchain committee – FinTech Assoc HK

    • Stratos Pourzitakis, PhD, Head of Digital Policy APAC, HSBC

    • Bugra Celik, Director, Digital Assets | Global Private Banking & Wealth, HSBC

    • Simon Callaghan, CEO, Blockchain Australia

    • Hassan Ahmed, Country Director, Coinbase Singapore

    Join us at Wiki Finance Expo Hong Kong 2025 as we embark on an exhilarating journey to explore and shape the future of fintech. This is your chance to be at the forefront of the industry’s most transformative trends, surrounded by like-minded professionals eager to make a difference. Don’t miss out on this exclusive opportunity to connect, recharge, and redefine the future of fintech. Secure your spot now by registering through the event link provided. And don’t forget to spread the word. See you there!

    About Wiki Finance Expo

    Wiki Finance Expo is the world’s leading financial exhibition and fintech conference brand, holding large summits annually in Singapore, Sydney, Dubai, Hong Kong, and Bangkok. The event gathers and connects global high-quality resources for exhibitors and participants, including enterprises, start-ups, project owners, investors, and practitioners in the fields of blockchain, fintech, and forex.

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  • Avalon Labs evaluating a Bitcoin-backed public debt fund

    Avalon Labs evaluating a Bitcoin-backed public debt fund

    Avalon Labs evaluating a Bitcoin-backed public debt fund

    • Avalon Labs is planning to introduce a Bitcoin-backed public fund under SEC Regulation A.
    • Avalon Labs aims to bridge traditional finance and crypto, expanding Bitcoin’s utility.
    • Avalon’s AVL token has been listed on Bybit, boosting liquidity and community governance.

    Avalon Labs has decided to explore the uncharted territory of Bitcoin-backed lending products by leveraging SEC’s Regulation A framework.

    Barely a day after Avalon Labs announced the listing of its native token, AVL, on Bybit’s Spot trading platform, the company has announced it is considering launching a Bitcoin-backed public fund under the SEC Regulation A.

    The timing of this announcement coincides with a period of economic uncertainty, with rising inflation and evolving Federal Reserve policies influencing investor sentiment.

    By providing a structured entry point into Bitcoin investment for retail investors, Avalon might just lower the entry barriers for traditional investors, thereby expanding Bitcoin’s utility and acceptance.

    Expanding Bitcoin’s reach into traditional finance

    Avalon Labs’ move is seen as an attempt to open the door for massive adoption of Bitcoin-backed products, making them accessible not just to crypto enthusiasts but also to traditional investors. The initiative aims to position Bitcoin (BTC) not just as a store of value but as a dynamic financial instrument capable of generating yield through DeFi opportunities.

    By using Regulation A, often dubbed a “mini-IPO,” Avalon Labs seeks to bypass the complexities of a full SEC registration while ensuring compliance and transparency. This approach, commonly utilized by real estate investment trusts (REITs) and private funds, could provide a structured investment vehicle for retail investors, thus bridging the gap between traditional finance and the burgeoning crypto market.

    Avalon’s native token AVL debuted on Bybit on February 12

    Parallel to this financial exploration, Avalon Labs has also solidified its token ecosystem with the listing of AVL on Bybit. This move not only enhances liquidity but also introduces the token to a broader audience.

    AVL serves as the governance token, enabling community-driven decision-making, while USDa, the Bitcoin-backed stablecoin, offers a stable, bank-independent currency for on-chain transactions.

    The integration of AVL into Bybit’s platform, coupled with the potential launch of a public debt fund, underscores Avalon Labs’ strategic approach to expanding its footprint in the DeFi and traditional finance sectors.

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  • Crypto recorded $1.3B in investment product inflows this past week

    Crypto recorded $1.3B in investment product inflows this past week

    Bitcoin (BTC) price breaks above $62K as crypto market awakens after Fed rate cut
    • Crypto investment products registered $1.3 billion in inflows last week
    • Ethereum outpaced Bitcoin with $793 million compared to $407 million

    Digital asset investment products notched $1.3 billion in inflows in the past week.

    It’s the fifth consecutive week of positive net flows for crypto exchange-traded products despite recent price declines. According to latest weekly flows report from digital asset manager CoinShares, the scenario outlines strong interest in buying amid market weakness.

    Ethereum outpaces Bitcoin in weekly net inflows

    Per a Coinshares report on February 10, the net inflows is almost double from the $747.4 million recorded the week before. The increase comes despite US President Donald Trump’s tariff impositions that saw prices dip amid investor reaction.

    Bitcoin and Ethereum dominated the inflows. However, the latter outpaced the former this week, registering $793 million inflows compared to Bitcoin’s $407 million.

    Overall, Bitcoin ETPs represent 7.1% of total market capitalization, making digital asset investment products the largest holder compared to other investments.

    “Digital asset investment products saw inflows for the 5th consecutive week totalling US$1.3bn. Bitcoin’s BTC saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation. It was Ethereum who stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness, with inflows of US$793m,” CoinShares posted on X.

    Investors see decline as a buying opportunity particularly after the rise in investment interest followed Ethereum’s price dip.

    In the meantime, XRP and Solana secured third and fourth positions respectively with $21 million and $11million. Meanwhile, $1 billion in overall net inflows by the US was the highest regionally, followed by Germany, Switzerland, and Canada with $61 million, $54 million, and $37 million, respectively.

    Bitcoin’s price has struggled with downside pressure below $100k in recent weeks. ETH has also experienced a tough month or so, with prices helmed below $3,000 and hitting lows of $2,100 at one time.

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  • UK man looks to buy landfill site amid search for $784m lost Bitcoin

    UK man looks to buy landfill site amid search for $784m lost Bitcoin

    Bild von Bitcoins vor einem Mond
    • James Howells claims to have lost a hard drive with 8,000 BTC at a landfill site in 2013.
    • The man now wants to buy the landfill site as the search for the lost BTC worth over $784 million continues.

    James Howells, the man who has been in search of his lost bitcoin worth over $784 million since 2013 is seeking to buy a landfill.

    Howell claims to have mistakenly discarded a hard drive that contained 8,000 BTC and is seeking to buy the landfill site where he lost it in an attempt to recover his fortune.

    The man filed a lawsuit in a bid to have the Newport Council dig up the landfill to try and find the lost bitcoin.  In over 10 years Newport Council has made no attempts to try to recover the discarded bitcoin.

    The quest for lost BTC

    James Howells reported that his fiance discarded the hard drive containing cryptocurrency estimated to have a market value of $784 million in the landfill site in 2013. In an attempt to get his crypto assets back, Howells wants to buy the landfill site.

    BBC recently reported that Howells has approached various investors with a bid to potentially buy the whole landfill site.

    Since 2013, Howells claims that Newport city council have disregarded his plea to be allowed to search for his fortune. The city council has announced plans to have the landfill site converted to a solar farm. They have since acquired planning permission to establish a solar power firm on the site.

    Howells had filed a lawsuit against the council seeking legal grounds to hunt for the accidentally discarded bitcoin. In January, a high court judge made a ruling dismissing the case that required Newport council to forcefully allow Howells to search for his bitcoin.

    During the hearing, Howells noted that Newport council claimed that granting him a search warrant would have detrimental effects on the people around Newport. Plans to close the landfill were also underway, and that would be soon.

    After failed attempts to have the council retrieve the hard drive worth millions for him, Howells offered to buy the whole landfill.

    “I have discussed this option recently with investment partners and it is very much on the table,” he said, according to the BBC.

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  • Strategy spends $742m on BTC as Bitcoin Pepe presale commences tomorrow

    Strategy spends $742m on BTC as Bitcoin Pepe presale commences tomorrow

    Strategy buys over 7k bitcoins
    • Strategy (formerly MicroStrategy) has resumed its Bitcoin acquisitions with $742 million
    • The Bitcoin Pepe presale kicks off in 18 hours, with the project focusing on uniting all memes on a single blockchain

    Strategy purchases 7,633 BTC for $742m

    Michael Saylor’s Strategy (formerly MicroStrategy) has resumed its weekly Bitcoin acquisition after spending over $400 million. On Monday, the company announced that it purchased another 7,633 BTC for approximately $742.4 million at an average price of $97,255 per Bitcoin.

    This latest acquisition follows the sale of 516,413 shares of Strategy’s class A common stock ($179 million) and 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock ($563.4 million). Strategy now holds 478,740 BTC, worth over $46 billion.

    What is Bitcoin Pepe?

    Bitcoin is the world’s leading cryptocurrency by market cap, while Pepe is one of the most popular memecoins in the crypto ecosystem. However, Bitcoin Pepe is a unique project that is set to offer users utility within the Bitcoin ecosystem.

    Bitcoin Pepe is a layer-2 network building on the Bitcoin blockchain. It is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

    Bitcoin Pepe aims to become ground zero for all memecoin trading and move all this economic activity to the BTC ecosystem. 

    In their whitepaper, the team said Bitcoin Pepe unlocks DeFi and meme trading on top of BTC. They described it as the perfect fusion between BTC’s security and the unstoppable force of memecoins.

    The project also prides itself on being the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

    What does Bitcoin Pepe offer to the Bitcoin ecosystem?

    Bitcoin is currently the oldest blockchain and home to exciting projects like Ordinals. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

    The project intends to usher in memes on BTC, turning crypto’s oldest chain into a home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for memecoin trading.

    As a layer-2 network, Bitcoin Pepe will provide the infrastructure for all memes to migrate to BTC, ensuring security and liquidity to investors and users. 

    Bitcoin Pepe presale to commence on February 11

    Bitcoin Pepe is launching a presale to allow investors to purchase its native tokens before listing on exchanges. $BPEP will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem.

    The presale launches in 17 hours, and users can purchase the tokens using a wide range of accepted payment options, including cryptocurrencies, debit, and credit cards. Solana’s SOL currently trades at $202 per coin. However, it was sold for $0.22 during its presale in 2020, an indication of how early investors benefit from partaking in presales.

    As a layer-2 network on the Bitcoin network, Bitcoin Pepe offers users security and liquidity. Furthermore, it is leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem. 

    With the right level of adoption, $BPEP could become one of the best performers in the crypto market in the medium to long term.

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  • Weekly price analysis: crypto prices reel from risk off sentiments

    Weekly price analysis: crypto prices reel from risk off sentiments

    • The crypto market trended lower last week as US tariffs rocked the market, causing investors to flee to safe-haven assets like Gold
    • Crypto prices, which recovered slightly on Monday and Tuesday, continued trending downward as uncertainty looms
    • Meanwhile, spot ETF inflows remained positive despite some days of outflows

    Bitcoin

    Bitcoin’s price trended lower over the last week following US President Donald Trump’s announcement of tariffs on Canada, Mexico, and China. Investors fled to safe-haven assets like gold while risky assets, like crypto, trended lower.

    However, the tariffs are a catalyst for faster price declines as price action shows that Bitcoin was already on a decline in its substructure after failing to swing higher than the $108,000 level three weeks ago.

    BTC/USD chart by TradingView

    BTC made two consecutive lower lows on the substructure over the last two weeks and traded into the daily demand zone early last week, logging a weekly low of $91,176.94.

    After buying from the demand zone, the price rose to an internal supply zone at $102,000, validated by the 50% Fibonacci level, and sold off that zone to end the week at $96,475.03.

    BTC/USD chart by TradingView

    On the CME, where Bitcoin Futures are traded the most, open interest fell last week as traders closed contracts due to uncertainty caused by Trump’s tariffs.

    Meanwhile, spot BTC ETFs logged a positive week as net flows printed $208.30 million despite two days of major outflows.

    Price Outlook

    Provided the price remains above the demand zone on the daily timeframe, then Bitcoin’s overall structure should remain bullish despite price declines on the substructure.

    However, a daily close below the demand zone, i.e., below the $90,000 level, may trigger a sell-off to support levels around $84,000 or lower.

     

    BTC trades at $97,624.73 as of publishing.

    Ethereum

    After failing to break above March 2024 highs, Ethereum’s price has been on a downtrend on its substructure since mid-December 2024.

    On the 4-hour time frame, the price logged consecutive lower lows with the most recent low of $2,148.00 reached early last week. Price has improved since then, closing last week at $2,632.16.

    Open interest on Binance, where Ethereum Futures are traded the most, shows a decline in the number of open contracts, which could be another catalyst for price declines.

    Meanwhile, spot ETH ETFs logged positive inflows on all days last week, aside from Friday when it logged no inflows (or outflows), totalling $420.20Mn for the week.

    Price Outlook

    The next probable zone for ETH’s price to fall is a major support zone around $2,200. With Trump planning to impose a 25% tariff on steel and Aluminum as well as a fresh round of retaliatory tariffs against trade partners, more uncertainty could push ETH’s price there soon.

    ETH trades at $2,640.05 as of publishing.

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  • BTC briefly touches $94k amid sentiment-driven dip

    BTC briefly touches $94k amid sentiment-driven dip

    • BTC fell below $95k as sellers intensified pressure.
    • As well as the sentiment, key events to watch out for this week include tariffs news, Fed chair Jerome Powells testimony and CPI data release.

    Bitcoin (BTC) has witnessed notable downside pressure since recoiling from the all-time high reached in 2024 amid Trump’s victory in the US election.

    The benchmark crypto asset has broken to year-to-date highs with bulls largely unfazed. However, the past few days have seen BTC struggle below the psychological $100k level.

    BTC chart by CoinMarketCap

    On Feb. 10, the price of BTC flipped negative to briefly touch lows of $94.7k. While it has bounced to above $97k at the time of writing, analysts at QCP Capital say the market is cautious.

    What next for Bitcoin, altcoins

    Notably, the dip that pushed Bitcoin price to lows of $94,745 appears to be more of sentiment-driven than a reflection of a fundamental shift in broader markets’ risk appetite. QCP analysts opine that volatility will remain skewed toward puts for the next couple months.

    Among key things to watch out for is also Federal Reserve chair Jerome Powell’s testimony and the upcoming consumer price index data. Trump’s latest tariff move involving a 25% tariff on steel and aluminum could also fuel further uncertainty.

    “A feedback loop is emerging—Trump watches the markets, and the markets test his resolve. Will this embolden him further or force a pivot?” the analysts noted, pointing to the issue of tariffs and the market reaction.

    Despite the potential impact of a short term outlook, whales are strengthening to suggest long term confidence in Bitcoin performance.

    According to crypto analyst and YouTuber ‘CryptoJack’, 14,000 BTC have moved on-chain to suggest whales may be making moves amid an expected bull market.

    Bitcoin traded near $98k as of 11:30 am CET, with bulls likely to target $100k if positive vibes surge.

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