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  • CoinDCX data reveals India’s rising appetite for diversified digital assets

    CoinDCX data reveals India’s rising appetite for diversified digital assets

    CoinDCX data reveals India’s rising appetite for diversified digital assets

    • CoinDCX users now hold an average of five tokens, up from two to three previously.
    • Women investors doubled year on year with broader diversification trends.
    • Millennials remain the dominant user base as the average age rises to 32.

    Indian crypto investors are showing a stronger preference for diversified digital asset portfolios, marking an early shift toward more deliberate and long-term allocation behaviour.

    CoinDCX’s annual report, released on Thursday, suggests that the country’s retail investor base is gradually moving away from the idea that crypto is synonymous with Bitcoin, signalling broader maturity in market participation in 2025.

    This trend reflects a market becoming more confident, curious, and willing to explore varied opportunities across the expanding digital ecosystem.

    The exchange found that the average user now holds around five tokens, compared with two to three in 2022.

    This steady expansion of holdings indicates a growing awareness of portfolio construction and a willingness to explore different parts of the crypto market beyond the most established assets.

    Layer-1 tokens lead activity

    CoinDCX reported that layer-1 assets accounted for 43.3% of portfolio volumes.

    Bitcoin, priced at $93,133, held a 26.5% share of allocations. Memecoins made up 11.8% of user portfolios, showing that speculative interest remains a part of broader diversification trends.

    According to the exchange, Indian traders have become increasingly comfortable navigating different digital asset categories as adoption widens across the country.

    The report noted that crypto is emerging as a natural extension of the financial products already familiar to many users.

    Millennials dominate participation

    The platform’s user base is ageing upward, with the average trader now 32 years old. Millennials continue to make up the majority of users, outpacing Gen Z in adoption, though younger traders remain active.

    Gen Z users, aged 18 to 24, tend to favour emerging narratives such as layer-2 ecosystems, memecoins, and non-fungible tokens. Their behaviour reflects a greater appetite for thematic or speculative sectors.

    CoinDCX also saw its number of women investors double year on year. These users are diversifying beyond Bitcoin and Ether, priced at $3,183, into tokens such as Solana at $143.04 and Sui at $1.67.

    Founded in 2018 and backed by Coinbase, CoinDCX is one of India’s largest crypto exchanges with more than 20 million registered users. It remains a key gateway for retail access to digital assets.

    India shows wide but shallow adoption

    CoinDCX noted that India continues to lead in early indicators of digital asset awareness, including mobile-first trading behaviour and high engagement across educational content on the platform.

    These signals reflect strong nationwide interest in crypto as a financial category.

    However, the exchange found that deeper, research-driven participation remains limited. Many users enter the market through popular assets or trending narratives rather than sustained ecosystem involvement.

    As a result, the platform characterised India’s adoption as “wide” but not yet “deep”.

    CoinDCX said the country is still in the early stages of its digital asset journey, leaving significant room for education, innovation, and long-term growth as user sophistication develops.

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  • Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market's focus shifts to US inflation data

    • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
    • Traders are awaiting a key US inflation (CPI) report due out on Friday.
    • Hopes are rising for a de-escalation in the US-China trade war.

    Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

    Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

    The stabilization reflects what the analytics firm QCP Capital has described as a “narrow-range equilibrium,” a period of calm before a potential storm.

    A singular focus on the US inflation report

    The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

    In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

    A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

    Hopes are rising for a US-China détente

    Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

    Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

    This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

    A cleaner slate after a brutal liquidation flush

    This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

    That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

    The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

    What to watch in the markets

    For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

    For Ethereum, the picture is more divided.

    A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

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  • Bitcoin drops as bearish data sparks a 10% price dip warning

    Bitcoin drops as bearish data sparks a 10% price dip warning

    Bitcoin drops as bearish data sparks a 10% price dip warning

    • Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off.
    • The market is showing signs of low volume and a lack of upward momentum.
    • Key on-chain data shows a lack of bid support below the 120,000 dollar mark.

    The triumphant return of the bulls has proven to be a fleeting and fragile affair.

    Just as the market was beginning to celebrate a new era of price discovery, a wave of determined selling has sent Bitcoin tumbling back below the critical 120,000 dollar level, a brutal rejection that has the bears once again in control and raises the grim prospect of a much deeper correction.

    The sell-off, which has seen the leading cryptocurrency fall nearly 3 percent on the day, is a story of fading momentum and evaporating support.

    The recent all-time highs now feel like a distant memory as the market slices through the bid liquidity that had once held it aloft.

    A market bracing for a deeper cut

    The mood among seasoned traders has shifted from cautious optimism to a grim acceptance of a new, more bearish reality.

    The market is now at a critical inflection point, with the very support that was so hard-won now under a sustained and powerful assault.

    “Market does still quote bid liquidity around 121K-120K but what we need to see next is absorption of sellers to rule out a sweep lower,” the popular trader Skew wrote in his latest market commentary on X.

    His short-term outlook was stark, adding that the market was “quite likely to be dominated by new shorts opening.”

    This view is being reinforced by the data.

    The trading resource Material Indicators highlighted that the market is now facing its “3rd consecutive Daily support test at the trend line,” a technical setup that suggests the bears are growing bolder with each attempt.

    Data from CoinGlass paints an even more worrying picture, showing a distinct lack of bid support much below the 120,000 dollar mark, while a wall of sell orders has multiplied overhead.

    The return of the $108,000 ghost

    This short-term weakness is taking place against a backdrop of a more troubling long-term picture.

    The veteran trader Roman warned his followers on X that the situation for Bitcoin remains tenuous, despite its recent record highs.

    “A friendly reminder that we are once again printing more bearish divergences, low volume, & lack of momentum on HTF. Both 1W & 1M,” he wrote, pointing to a series of classic warning signs that the rally is running out of steam.

    His conclusion is a chilling one for the bulls: the local range lows at 108,000 dollars, a level that has been a key battleground in the past, could soon come back into play.

    The king of crypto may have briefly touched the heavens, but the bears are now doing their best to drag it back down to earth.

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  • Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    • Bitcoin is on track to close September with a rare positive gain of 4.5 percent.
    • Historically, a green September has preceded an average Q4 rally of over 50 percent.
    • If the pattern holds, Bitcoin could be eyeing the 170,000 dollar region by year-end.

    In a powerful and rare defiance of its own grim history, Bitcoin is on the verge of closing the books on a positive September.

    This is no small feat. The month has long been the cruelest on the crypto calendar, a consistent sea of red that has earned it the ominous nickname “Red September.”

    But this year, a 4.5 percent gain has flipped the script, and in doing so, it may have just lit the fuse for an explosive rally into the final quarter of the year.

    A prophecy written in the charts

    History doesn’t repeat, but it often rhymes. And in the world of Bitcoin, the rhyme of a green September is a powerful and bullish prophecy.

    According to historical data, on the rare occasions that Bitcoin has managed to close September in positive territory—in 2015, 2016, 2023, and 2024—the final quarter of the year has produced spectacular results, with average returns soaring to more than 53 percent.

    In those instances, the fourth quarter returns have ranged from a powerful 45 percent to a stunning 66 percent.

    If that historical pattern were to play out again this year, Bitcoin could be eyeing the 170,000 dollar region before the calendar flips to 2026.

    The data shows that October typically acts as the launchpad for these powerful moves, with an average gain of 21.8 percent, while November continues the ascent.

    This seasonal effect has been particularly profitable in the years following a Bitcoin halving, as a potent cocktail of capital inflows and bullish market positioning combine to push the asset into a fresh phase of price discovery.

    The view from the blockchain: a bullish tide is turning

    This bullish seasonal setup is not just a statistical anomaly; it is being actively confirmed by the deep undercurrents of the blockchain itself.

    Key on-chain metrics are now flashing green, signaling a fundamental and powerful shift in market momentum.

    The Spot Taker Cumulative Volume Delta (CVD), a crucial indicator that tracks the difference between market buy and market sell volumes, has flipped positive on a 90-day basis for the first time since mid-July.

    This is a clear and direct signal that a “Taker Buy Dominant Phase” is underway, a period where buying pressure is now decisively outweighing selling activity.

    At the same time, the Coinbase premium index has been highlighting consistent and aggressive accumulation by US investors throughout the third quarter.

    The powerful alignment of these two key on-chain metrics reinforces the view that a new wave of buying momentum is not just coming—it’s already here.

    The stage is set, the signals are aligning, and the final quarter of the year could once again prove to be a decisive and explosive one for the world’s leading digital asset.

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  • Bitcoin treasury purchase size collapses 86%, data shows

    • Total BTC treasury holdings have hit a record high of 840,000 BTC.
    • However, the average purchase size has collapsed by a staggering 86 percent.
    • This waning demand was the key driver of the Q2 Bitcoin rally.

    They were the heroes of the last great rally, the talk of the town at the recent BTC Asia conference, their voracious appetite for Bitcoin single-handedly driving the market to new heights.

    But a shadow has fallen over the world of the corporate Bitcoin treasury.

    A new report reveals a worrying trend beneath the surface: while their total holdings are larger than ever, their conviction, measured by the size of their buys, has collapsed.

    The great contradiction: more players, smaller bets

    The on-chain data, laid bare in a new report from CryptoQuant, tells a tale of two conflicting truths.

    On one hand, the aggregate Bitcoin treasury holdings have surged to a record 840,000 BTC, a war chest led by the titan Strategy, which holds 637,000 BTC. Transaction activity also remains near record levels, with 46 deals in August alone.

    But on the other hand, the average size of these purchases has fallen off a cliff. Strategy bought just 1,200 BTC per transaction in August, while other firms averaged a mere 343 BTC.

    Both of these figures are down a staggering 86 percent from their peaks in early 2025. In total, Strategy acquired only 3,700 BTC in August, a whisper compared to the 134,000 BTC it bought at its peak last year.

    This is not the behavior of a market brimming with confidence; it is the sign of smaller, more hesitant buys, a clear signal of liquidity constraints or waning conviction.

    The ghost of rallies past

    This dramatic slowdown is a major concern for investors because it was the relentless engine of treasury accumulation that drove Bitcoin’s spectacular price growth in the second quarter.

    As CoinDesk reported at the time, by late August 2025, institutions were absorbing more than 3,100 BTC a day against a mere 450 being mined.

    This created a powerful 6-to-1 demand-supply imbalance that sent prices soaring.

    Now, that engine is sputtering. This slouching demand raises the critical risk that the market’s current price strength may not be sustainable if the giants of the space continue to nibble cautiously rather than devour at scale.

    A new hope? The rise of Asia’s treasury front

    But as the Western giants grow hesitant, a new front in the treasury movement is opening in the East.

    According to a Bitwise report, 28 new treasury companies were formed in July and August alone, collectively adding over 140,000 BTC to their coffers.

    More significantly, Asia is emerging as the next major battleground. Taiwan-based Sora Ventures has launched a massive 1 billion dollar fund specifically to seed new regional treasury firms, with an initial commitment of 200 million dollars.

    This new vehicle will pool institutional capital to support a fresh wave of entrants, a different model from the region’s current largest player, Metaplanet.

    The stage is now set for a fascinating and pivotal confrontation.

    The central question that will define the next phase of Bitcoin adoption—and its price—is whether this new, hungry wave of Asian treasuries can offset the shrinking appetite of the incumbents who first blazed the trail.

    Market updates

    BTC: Bitcoin remains resilient for now, trading in the 110,000–113,000 dollar range. The price is being supported by broad expectations of Federal Reserve rate cuts and continued, if smaller, institutional inflows via ETFs.

    ETH: Ethereum is trading near the 4,300 dollar level. Its recent weakness, marked by a 3.8 percent weekly decline, is being attributed to ETF outflows and the historically subdued trading that characterizes “Red September.”

    However, its longer-term outlook remains positive, buoyed by deep institutional interest and growing staking activity.

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  • Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction

    • ETH derivatives show weak momentum despite strong ETF inflows.
    • Ethereum’s network activity and TVL continue to decline.
    • Technical analysis hints at long-term upside, but traders stay cautious.

    Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time.

    However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon.

    In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises several questions for market participants.

    Is Ethereum’s recent rally sustainable, or is it merely a reflection of speculative optimism driven by ETF hype?

    Furthermore, are investors losing confidence in Ethereum’s network fundamentals amid rising competition from rival blockchains?

    Derivatives market tells a cautious tale

    While Ethereum’s spot market has been energised by inflows into exchange-traded funds, futures data shows traders are hesitant to commit to leveraged bullish positions.

    As of Thursday, the annualised funding rate for ETH perpetual futures had fallen back to 9%, down from 19% earlier in the week, with the ETH OI-weighted funding rate dropping to 0.0043% from 0.0163% on July 21.

    ETH OI-weighted funding rate

    This suggests waning demand for long positions, even after a near 46% gain in ETH price since early July.

    This behaviour is unusual. Historically, rising prices coincide with stronger futures premiums, yet the current trend indicates hesitation.

    The 3-month ETH futures premium has also softened slightly to 6%, down from 8% just days ago.

    While this still sits within a neutral range, it reveals a reluctance among whales and market makers to bet aggressively on further price appreciation in the near term.

    Ethereum network weakness frustrates investors

    The cautious tone in derivatives is likely being fueled by stagnant on-chain activity.

    Ethereum’s total value locked (TVL) dropped to a five-month low of 23.4 million ETH, falling 11% in just 30 days.

    That sharp decline comes despite ETH’s rising dollar value and highlights a significant reduction in the volume of assets being deployed within the ecosystem.

    In contrast, Solana’s TVL only fell 4% during the same period, while BNB Chain’s TVL rose 15% in native token terms.

    These shifts show that competing platforms are either maintaining or growing their utility at a time when Ethereum’s activity appears to be plateauing.

    Even more concerning is Ethereum’s decline in dominance among decentralised exchange (DEX) volumes.

    According to DefiLlama, Ethereum recorded $81.32 billion in DEX activity over the past month.

    Solana surpassed that with $82.9 billion, while BNB Chain led with a staggering $189.2 billion.

    These figures highlight that Ethereum is no longer the go-to platform for certain core DeFi activities.

    Technical analysis signals a mixed ETH price outlook

    Despite lukewarm derivative activity, technical analysts remain divided on Ethereum’s future trajectory.

    Popular investor Ivan On Tech has pointed to a symmetrical triangle pattern that could lead to a breakout toward $7,709, more than double the current price.

    Meanwhile, another analyst, Mikycrypto Bull, has identified a long-term ascending triangle formation dating back five years, which could theoretically launch ETH as high as $16,700.

    Adding to the bullish sentiment is a recent MACD crossover on the monthly chart, a signal that has preceded major rallies in previous cycles.

    However, while long-term technicals hint at explosive potential, short-term forecasts are more cautious.

    ETH must first break through $4,100 and hold above $3,700 to sustain its upward momentum.

    Corporate confidence grows amid market doubts

    Institutional and corporate adoption of Ethereum continues to grow.

    Firms such as SharpLink Gaming and World Liberty Financial have accumulated substantial ETH reserves in recent months.

    SharpLink now holds over 438,000 ETH and actively stakes its assets to generate passive income.

    World Liberty Financial has acquired over 77,000 ETH, with recent purchases near $3,294 per coin.

    These moves suggest that some institutions are positioning Ethereum as a long-term strategic asset.

    Their investments reflect confidence in Ethereum’s evolving role as foundational infrastructure for decentralised applications and finance.

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  • Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    • Bitcoin (BTC) surged past $120,000 for the first time, hitting a new all-time high and up 28% year-to-date.
    • The rally follows a 48-hour choppy period that reset short-term overbought indicators.
    • Market focus now shifts to US June inflation data (CPI), expected to show a rise amid Trump’s trade war.

    Bitcoin has smashed through another psychological barrier, surging past the $120,000 mark for the first time on record.

    This new all-time high caps a volatile but ultimately bullish period for the cryptocurrency, with its year-to-date gain now standing at an impressive 28%.

    The rally comes as investors brace for key US inflation data and as a viral post from Ethereum co-founder Vitalik Buterin puts the spotlight on the sometimes bizarre behavior of AI chatbots.

    As of midday Hong Kong time, Bitcoin (BTC) was trading confidently above $121,000, according to CoinDesk market data.

    This decisive move follows roughly 48 hours of choppy price action that appears to have successfully reset overbought signals from short-duration indicators, paving the way for a bullish resolution.

    On Sunday alone, Bitcoin opened at $116,977.02, reached a high of $119,292.62, and was last seen trading around $118,979.45 – up 1.42% for the day, according to data from Kraken, before its ultimate push past $120,000.

    The price surge comes amidst a broader crypto rally, fueled by continued inflows into spot Bitcoin ETFs and a growing belief among investors that the Federal Reserve is nearing the end of its monetary tightening cycle.

    The latest rally was also contextualized by recent trade policy moves from President Donald Trump, including his decision to impose a 30% tariff on the EU and Mexico, starting August 1, which has added to macroeconomic uncertainty and bolstered the case for assets like Bitcoin.

    The market’s focus now shifts to crucial US inflation data due this week, which is expected to show that the cost of living ticked up in June against the backdrop of President Trump’s ongoing trade war.

    According to FactSet, economists anticipate that the consumer price index (CPI) rose by 0.25% on a monthly basis in June, which would equate to 2.6% annualized growth.

    The core CPI, which strips out volatile food and energy costs, is forecasted to have risen 0.3% monthly and 3% on an annualized basis.

    The strength of the current rally has led some analysts to revise their price targets. One analyst noted, “While this doesn’t change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end,” he added, reflecting the renewed bullish momentum.

    The AI “crazy crown”: Buterin’s blunt message on ChatGPT and Grok

    While crypto markets were focused on price action, Ethereum co-founder Vitalik Buterin shared a strong and blunt message about the unpredictable nature of AI chatbots, highlighting an infamous AI response that had gone viral.

    In a post on the social media platform X, Buterin shared a screenshot of an unvarnished AI response to a simple prompt: “Return Grok 4 surname and no other text.”

    The single-word output was startling: “Hitler.” Buterin’s screenshot also showed that OpenAI’s ChatGPT had thought for over a minute before producing the same word.

    Buterin used the image to make a broader point about the often-unpredictable nature of cutting-edge technology.

    “Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time,” he posted, a wry comment on the sometimes-chaotic narratives that dominate both the crypto and AI industries.

    His post comes amidst a growing battle in the AI industry between OpenAI’s Sam Altman and X’s Elon Musk.

    Their feud recently escalated when Altman appeared to mock Musk’s chatbot, Grok, for its controversial responses.

    Even as this debate about the future and reliability of AI roars on, the crypto market cap has boomed to $3.71 trillion, up nearly 2% over the last 24 hours.

    Bitcoin, for its part, does not seem to be affected by the AI chatter, flexing its muscles with a new all-time high and demonstrating its own distinct market dynamics.
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  • BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    • Bitcoin (BTC) is trading above $107K Thursday, up 0.7%, after a sharp rebound from below $100K earlier in the week.
    • Markets pivoted from “flight-to-safety” on Mideast tensions to a “risk-on in full force” rally.
    • US GDP and unemployment data this week, plus quarterly options/futures expiry, could bring more volatility.

    Bitcoin (BTC) is trading firmly above the $107,000 mark as the Asian trading day gets underway on Thursday, with the broader digital asset market also showing strength.

    This impressive performance comes at the end of a tumultuous week that saw markets swing dramatically from fear over Middle East conflict to a powerful risk-on rally, lifting crypto, tech stocks, and broader market sentiment in tandem.

    Looking back at the week’s events, what began as a sell-off driven by escalating tensions – with Israel and Iran trading rocket fire and a US bombing campaign on Iran’s nuclear facilities – has transformed into a textbook risk-on rally.

    The initial anxiety has given way to a surge in investor confidence, seemingly brushing off the geopolitical dangers that loomed just days ago.

    “War drums fade, risk appetite roars,” wrote the trading firm QCP Capital in its June 25 market note, perfectly capturing the sudden and dramatic shift in mood.

    Traders appeared to have priced in a resolution or simply stopped waiting for one. Instead of flight-to-safety, the move was risk-on in full force.

    This pivot was visible across multiple asset classes.

    US equities surged, oil prices retraced back to their pre-conflict levels, and shares of crypto exchange Coinbase jumped 12% on positive regulatory news.

    For Bitcoin, the strong rebound above $107,000 signals not just relief from the recent tension but a renewed sense of upward momentum, even as savvy investors keep one eye on the macroeconomic calendar and the other on potential global flashpoints.

    Navigating the swings: key data and volatility ahead

    The recent price action has been nothing short of volatile. “It’s been a week of sharp swings in crypto,” commented Gracie Lin, CEO of OKX Singapore.

    Bitcoin dipped below $100,000 earlier in the week when Middle East tensions rattled the markets, but rebounded quickly after news of a ceasefire – now trading just below its all-time high in a sharp reversal.

    Lin points to a series of upcoming US economic data releases, including GDP figures and unemployment claims due later this week, as the next potential catalysts for Bitcoin’s price movement.

    “Recent PMI numbers have held steady, but continued weakness in housing is raising questions about the broader economy,” she said.

    If Thursday’s GDP or unemployment claims come in weaker than expected, bitcoin could benefit as investors look for hedges against traditional market weakness.

    Adding another layer of potential turbulence, the quarterly expiration of Bitcoin futures and options is scheduled for June 27.

    These events often bring increased price swings as traders close out or roll over their positions. “Another bout of volatility is expected,” Lin warned.

    The bigger picture

    While short-term volatility is expected, QCP Capital, in its analysis, is looking beyond the week’s sharp swings to spotlight the structural forces that are driving Bitcoin’s evolution into a recognized macro asset.

    They point to significant institutional momentum, highlighted by events like ProCap’s $386 million BTC purchase and Coinbase’s recent regulatory win under the EU’s MiCA framework.

    “If this accumulation trend persists,” QCP wrote, “bitcoin may not just rival gold as a macro hedge but potentially in total market capitalisation.”

    This suggests a long-term bullish outlook underpinned by growing institutional adoption.

    Still, QCP adds a crucial note of caution: “Geopolitics remains an ever-present undercurrent.”

    While markets have largely shrugged off the recent Israeli strikes, new concerns are mounting over NATO–Russia tensions.

    With Western nations increasing their defense budgets and President Trump set to attend the upcoming NATO summit, the next geopolitical shock may not originate from the Middle East.

    For now, Bitcoin is riding the powerful wave of risk-on enthusiasm.

    But just beneath the surface, the fundamental battle between short-term volatility and long-term conviction, between the fading sound of war drums and the steady rhythm of institutional buying sprees, continues to define this dynamic market.
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  • Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

    Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

    • TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion.
    • Senator Warren’s involvement is seen as part of a broader political strategy.
    • Bitcoin mining faces scrutiny for energy consumption, environmental impact.

    In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have filed a lawsuit, alleging unlawful data collection demands targeting the Bitcoin mining sector.

    EIA’s data collection plan 

    Last month, the EIA announced plans to collect data on electricity consumption by certain US-based crypto miners, effective from early February. Commercial miners were mandated to disclose intricate details, including the types of machines used and the locations of their mining operations. The controversial move followed an emergency approval from the Office of Management and Budget on January 26.

    TBC, a non-profit association, expressed concerns over the sensitive nature of the information requested, fearing potential public disclosure. The council sees this as a direct assault on private businesses, characterizing it as a political manoeuvre under the guise of an emergency.

    The TBC points fingers at Senator Elizabeth Warren and the Biden administration, accusing them of orchestrating a targeted effort against the digital asset industry. The EIA’s push for oversight is viewed as an intrusion and a worrying escalation in monitoring and regulating the cryptocurrency sector.

    As part of a broader strategy, Senator Warren and other Democratic lawmakers had previously urged major US crypto mining companies to disclose their energy usage. The current legal action represents a firm industry backlash against what is perceived as increased regulatory scrutiny.

    Bitcoin Mining realities and environmental considerations

    The EIA, in a report dated February 1, highlighted a significant jump in annual electricity consumption by crypto miners, from 0.6% to 2.3%. Despite the benefits of Bitcoin mining, such as network decentralization and profit opportunities, the industry faces growing scrutiny due to its environmental impact.

    The Rocky Mountain Institute estimates global Bitcoin mining consumes around 127 terawatt-hours annually. This has sparked debates about the environmental sustainability of the industry. Proponents argue that compared to traditional sectors like banking, Bitcoin’s energy usage is relatively lower, but critics remain concerned about its contribution to global energy consumption.

    As the legal battle unfolds, the cryptocurrency industry finds itself at the crossroads of regulatory pressures and environmental accountability, navigating the delicate balance between innovation and responsibility.

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  • Will inflation data push it higher?

    Will inflation data push it higher?

    Key takeaways

    • Bitcoin has been trading below the $30k level in recent days, but favourable inflation data could push it higher.

    • Chancer’s stage two presale is now close to the $1.2 million mark. 

    The cryptocurrency market has been choppy over the past few weeks, with prices of most coins stuck within certain regions.

    BTC has been trading below the $30k level for the past few days, with market experts still believing it could drop lower in the near term. 

    Bitcoin stays below $30k

    Bitcoin, the world’s number one cryptocurrency by market cap, began the week in a positive manner. BTC has added more than 1.5% to its value so far today but continues to trade below the $30k psychological level.

    At press time, the price of Bitcoin stands at $29,424. Bitcoin could be heading towards the $30k level over the new few hours or days if the inflation data in the United States comes out favourably. 

    The inflation data could determine if the US Federal Reserve continues its rate hikes or will stop them. Halting rate hikes could be a bullish sign for Bitcoin and the broader cryptocurrency market. 

    What is Chancer?

    The recent bearish trend in the market has not affected Chancer’s ongoing presale event. Chancer is a web3 project that seeks to decentralise the betting ecosystem. 

    It is a Web3 peer-to-peer (P2P) custom betting platform allowing users to live stream betting events. Chancer will operate as a completely decentralised online gaming platform.

    Chancer is building a platform that will offer improved services compared to what they are getting from the traditional sports and casino betting platforms. With Chancer, users can bet on any event, even ones they make up themselves. 

    The funds raised from the funding rounds will be used to build the decentralised P2P betting platform. According to their whitepaper, Chancer users will have access to a wide range of features, including betting markets in real-time and based on user interests, social media connections, and expertise. 

    Users will also be able to set up their custom P2P betting markets, allowing others to bet on selected events and games. 

    Chancer’s second presale generates nearly $1.2 million

    Chancer’s presale event will occur in stages, and the second stage is currently underway. The team has raised nearly $1.2 million of the $2 million required in the second stage. 

    Chancer will use the funds from the presale to develop its products. The team will conduct 12 presale events, with a target of $15 million. 

    Currently, CHANCER, the native token of the ecosystem, is going for $0.011 per token, with the price set to increase to $0.012 in the next presale round.

    The native token has numerous utilities within the ecosystem. Token holders can create markets and also invest in markets launched by other users.

    By holding the token, users can create, participate in, and profit from their very own predictive markets. 

    You can purchase the CHANCER tokens by connecting your Web3 wallet to the Chancer website. Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow are some supported wallets. 

    Visit the Chancer website to get more information about the presale. 

    Should you buy CHANCER tokens now?

    Investing in a project during its presale or private sale is usually one of the best decisions investors make. This is because the tokens are not available to the general public yet. 

    With Chancer, it could be an excellent idea to invest in the project now. Chancer is a promising project and could gain massive adoption over the coming months and years.

    If the adoption level rises, CHANCER’s price could skyrocket, and early investors could benefit. Early investors in projects such as Ethereum, Solana, Dogecoin, and Shiba Inu, recorded thousands of percentages in ROI. 

    If CHANCER gains the necessary adoption combined with a Bull Run, its price could soar higher in the medium to long term. 

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