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Tag: Pressure

  • Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

    Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

    An Image Showing ICP Token

    • Internet Computer (ICP) price has dropped 6% in the past 24 hours to under $3.50.
    • Recently, the altcoin pumped from lows of $2.80 to above $9.62.
    • Overall market weakness could see ICP price tank further, although an uptick for Bitcoin will boost altcoins.

    The Internet Computer (ICP) token has endured a sharp downturn in the past month, culminating in a 24-hour dip of over 6% as the price broke below $3.50.

    Losses for Internet Computer come amid a 29% decrease in trading volume, suggesting bulls could benefit from reduced selling pressure.

    However, with ICP briefly rallying on hype around AI integrations like the Caffeine platform, only to reverse course, it may yet allow bears to strengthen the upper hand.

    Internet Computer price slips to $3.50

    The ICP project, launched by the DFINITY Foundation, is one of the top artificial intelligence-related coins.

    DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without reliance on traditional cloud providers.

    In early November, the DFINITY Foundation unveiled an update for its AI platform Caffeine DeAI.

    The news saw the price of ICP surge sharply, with bulls eventually hitting highs of $9.62 on Nov. 8, 2025.

    ICP Price Chart
    Internet Computer price chart by TradingView

    The uptick aligned with market cheer for an update that pushed the narrative of the Internet Computer as a key AI cloud engine.

    As well as allowing users to create and deploy apps easily, Caffeine features an App Market and supports monetization.

    DFINITY said Caffeine will help drive network usage and transition ICP to a deflationary asset, among other features.

    However, the token’s price has tumbled since that November peak and hit $3.50 on December 5, 2025. That’s a 64% dump in the past month and reflects broader market pressure.

    What could catalyze short-term losses for ICP?

    Market analysts have attributed the sell-off pressure across crypto to a confluence of factors.

    As well as macroeconomic headwinds, FUD around Tether and Strategy (MSTR) has dampened risk appetite for Bitcoin (BTC) and the speculative assets across altcoins.

    These same aspects apply to ICP and the dip to $3.50, with intraday revisits of lower levels, strengthening the fragile outlook.

    Adding to this is the overall sentiment around token dumps if BTC price tanks.

    Recently, when Bitcoin dipped to near $80,000, the Internet Computer token plummeted from above $5 to below $4.2.

    Price currently hovers around $3.51 as Bitcoin flirts with support near $90,500. If momentum escapes bulls further, sellers could eye the all-time lows of $1.98 reached in October 2025.

    On the flipside, the altcoin could benefit from network upgrades and adoption trends.

    This, amid a resurgence in AI tokens and tokenized Bitcoin demand, may help buyers. A shift in sentiment as the macro environment improves will be crucial to bulls.

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  • Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure

    • Bitcoin ETF outflows and shrinking liquidity intensified the recent BTC price decline.
    • Margin liquidations accelerated the selloff as key support levels broke.
    • Correlation with tech stocks added pressure amid broader risk-off sentiment.

    Bitcoin price has come under intense pressure in recent weeks, with the market enduring a deep pullback fueled by weakening demand, heavy ETF outflows, and a wave of forced liquidations.

    The downturn has erased months of gains and pushed traders to question whether the latest slide marks a temporary setback or the start of a deeper cycle reset.

    ETF outflows add fuel to the decline

    Bitcoin’s slide has been sharp and persistent since its early October peak above $126,000.

    Since the October peak, the cryptocurrency has shed almost $800 billion in value, sinking to levels last seen in the spring.

    ETFs, once a stabilising force for Bitcoin (BTC), are now driving additional weakness.

    BlackRock’s IBIT ETF, which previously absorbed sell-offs, has posted its largest monthly redemption on record, with $520 million leaving the fund.

    This reversal marks a shift in institutional sentiment and has become a major source of downward pressure.

    A recent NYDIG research highlights how ETF outflows, shrinking stablecoin supplies, and changing corporate treasury strategies are eroding the demand engine that supported Bitcoin earlier this year.

    Greg Cipolaro of NYDIG describes the current cycle as a “negative feedback loop,” in which factors that once boosted the market are now accelerating the downturn.

    This shift has placed Bitcoin under sustained selling pressure at a time when broader risk appetite is also weakening.

    A key part of this shift can be seen in the stablecoin market, where supplies have declined for the first time in months, with some tokens losing significant value after liquidation events.

    In addition, digital asset treasuries, once active Bitcoin buyers, are pulling back as they reduce liabilities through asset sales or share buybacks.

    These moves have contributed to a steady drain of liquidity across the crypto sector.

    Bitcoin price outlook

    From a technical standpoint, Bitcoin has plunged into oversold territory and printed a hammer candle, hinting at a potential swing low.

    Eyes are now on $88,500, which capped rallies earlier in the year and briefly halted last week’s selloff.

    A sustained break above it could create conditions for a short-term recovery, with targets near $94,000 and $95,000.

    However, that setup faces stiff resistance from broader market sentiment.

    Bitcoin’s tight relationship with risk assets adds another layer of complexity.

    The correlation between Bitcoin and Nasdaq 100 futures has climbed to unusually high levels, reaching near 0.96.

    When tech stocks fall, Bitcoin tends to follow, and recent turbulence tied to concerns over an AI bubble has weighed heavily on both markets.

    Bitcoin dominance has also slipped to multi-month lows, signalling that capital is drifting away from BTC and into either safer assets or high-risk alternatives.

    The market is also seeing increased volatility from margin liquidations.

    Leveraged positions, especially in perpetual futures, have magnified the recent moves.

    As Bitcoin fell below $87,000, more than $900 million in positions were wiped out, with longs taking most of the damage.

    Notably, liquidation cascades have become a recurring theme, deepening each leg lower.

    Furthermore, oscillating indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), remain bearish, hinting that previous bounces have been sold into quickly.

    Bitcoin price analysis
    Bitcoin price analysis | Source: TradingView

    A drop below recent lows could open the door to a retest of the $76,000 region, where Bitcoin (BTC) stabilised during an earlier market shock linked to tariff fears.

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  • Aster price tanks 20% as sell-off pressure hits altcoins

    Aster price tanks 20% as sell-off pressure hits altcoins

    Aster Price Bearish

    • Aster price fell 20% to near $1 as sell-off pressure hit altcoins
    • The altcoin touched its all-time high of $2.42 in September, but has declined amid broader selling.
    • Altcoins are dumping as Bitcoin slips to under $106,000.

    Aster (ASTER)’s parabolic gains in recent weeks are quickly fading in the rearview mirror as cryptocurrencies plummet.

    The decentralized exchange’s governance token fell nearly 20% to inch closer to the $1 support level, with bulls succumbing to broader sell-off dynamics.

    Aster has erased significant gains, and broader risks could see bears take control.

    Aster price extends decline amid 20% dip

    With crypto in red early Friday, Aster’s price plunged  20% to hit lows of $1.08 across major exchanges and trading platforms. 

    Having changed hands above $1.36, the double-digit declines over the past 24 hours meant ASTER ranked among the top losers alongside Zcash, Mantle, SPX6900 and Morpho. 

    Aster’s sharp downturn extends a multi-day decline since bulls failed to hold onto gains near $1.60.

    The token had surged to the mark after bouncing off lows seen during the crypto crash on October 10.

    In the past week, Aster’s price has fallen more than 32%, as profit-taking and broader macroeconomic pressures weighed on sentiment.

    The next-generation decentralized perpetuals and spot exchange, built on the BNB Chain, had previously drawn significant attention from investors and traders alike.

    Aster’s rapid rise had been bolstered by recent listings on major platforms such as Robinhood and Binance, which helped fuel earlier momentum.

    However, the euphoria looks to be dissipating as sell-off pressure across cryptocurrencies mounts.

    Bitcoin dipped below $105,000  early Friday. As bears touched lows of $104,597 after a 4% drop in the last 24 hours, top altcoins plummeted. 

    Ethereum, Solana and XRP all dipped to or below key support levels, intensifying the bloodbath.

    What next as Aster revisits $1 level?

    Currently, Aster’s price flirts with the $1 psychological threshold.

    This is a key level that bulls have to defend to avoid giving up further ground.

    Prices, as the chart below shows, have recently consolidated above the critical mark.

    ASTER price chart by TradingView

    However, the sharp decline and breakdown from a descending triangle pattern mean bulls are at risk of more pain.

    The token’s all-time high of $2.42 on September 24 is well off.

    Nonetheless, technical indicators such as the Relative Strength Index (RSI) on the daily put ASTER in oversold territory.

    What this suggests is that exhausted selling could allow bulls to target a rebound. 

    Any downward pressure could nonetheless see the support at $1.00 collapse.

    Data from Coinglass shows a sharp decline in open interest for Aster, now at $477 million.

    Bullish positions have borne the brunt of the correction, with long liquidations accounting for nearly 90% of total liquidations — more than $10 million out of $12 million in the past 24 hours.

    Short positions made up just $1.73 million of the total.

    For bulls, a decisive breakout above $1 remains critical to regain momentum.

    Conversely, sustained selling pressure below $0.85 would likely hand control to the bears.

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  • Bitcoin remains under pressure as gold targets a new all-time high

    Bitcoin remains under pressure as gold targets a new all-time high

    Bitcoin remains under pressure as gold targets a new all-time high

    • Bitcoin’s rally attempt fails as it retreats to below 112,000 dollars.
    • Gold continues its quiet but powerful climb, nearing its all-time high.
    • In August, gold is up nearly 4 percent while Bitcoin has fallen over 5 percent.

    A hopeful rally in the cryptocurrency market was decisively crushed on Thursday, as steady selling pressure throughout the US trading session sent prices into a familiar retreat.

    The failed bounce underscores a growing sense of fatigue in the digital asset space and throws a stark and revealing light on the silent, powerful ascent of its analog rival: gold.

    After a brief flirtation with the 113,000 dollar level, Bitcoin (BTC) was beaten back, sinking to 111,800 late in the session for a loss of 0.7 percent over the past 24 hours.

    The selling was even more pronounced in other major tokens, with Ether (ETH) and XRP shedding a more sizable 2.1 percent and 1.4 percent, respectively.

    The one notable bright spot in a sea of red was Solana’s SOL, which managed to buck the trend with a respectable 3.1 percent gain.

    A silent ascent to the summit

    While the crypto market grapples with its own inertia, a different story is unfolding in the world of precious metals.

    Quietly, but with unshakable conviction, gold has been on the rise. The yellow metal added another 0.8 percent on Thursday, climbing to 3,477 dollars per ounce.

    This puts the safe-haven asset just a few dollars shy of the record high of 3,534 dollars it touched earlier this month.

    The performance in August paints an even more dramatic picture of this great divergence: while Bitcoin has slid 5.2 percent, gold has rallied by nearly 4 percent.

    The great disconnect

    This decoupling is the great mystery currently haunting the market.

    The very same macroeconomic tailwinds that are propelling gold higher—namely, the prospect of lower interest rates and a weaker US dollar—are conspicuously failing to ignite any significant bid for “digital gold.”

    The fundamental case for Bitcoin as an inflation hedge and a store of value is being put to a severe test, and for now, it is failing.

    A September showdown looms

    The stage is now set for a potentially volatile final four months of the year.

    The resumption of Federal Reserve rate cuts appears to be firmly on the table for September, a move that could be amplified by President Trump’s appointment of one or possibly two new, likely dovish, members to the Fed’s board.

    As these powerful forces converge, the market is watching to see if Bitcoin can finally catch the golden tailwind or if its strange and troubling disconnect is a sign of a deeper malaise.

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  • Bitcoin rally gains steam above $95K amid Fed pressure, tariff worries

    Bitcoin rally gains steam above $95K amid Fed pressure, tariff worries

    Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K?

    • Bitcoin climbed above $95,490 Monday ahead of Trump’s 100-day speech, eyeing policy clarity.
    • Potential confirmation of a US Bitcoin strategic reserve could be a major catalyst towards $100K.
    • Bitcoin shows resilience (YTD +5.6%) vs. US stocks (YTD -5%) amid tariff uncertainty, boosting safe-haven appeal.

    Bitcoin demonstrated renewed strength on Monday, climbing back above the significant $95,000 mark as the broader financial markets turned their focus towards President Donald Trump’s upcoming 100-day policy review speech.

    Amidst a complex macroeconomic backdrop shaped by Trump’s second term policies, on-chain data showing significant Bitcoin withdrawals from exchanges added fuel to bullish sentiment, prompting speculation about a potential push towards the $100,000 milestone.

    Anticipation builds ahead of Trump’s 100-day review

    After a period of consolidation, Bitcoin prices pushed higher, reaching levels above $95,490 according to CoinGecko data, marking an 0.8% gain over 24 hours and reflecting a robust 8.9% increase week-over-week.

    This price action mirrored gains seen in US equity markets, particularly among top technology stocks, as investors awaited clarity from Trump’s address.

    Crypto-related policies have been a notable feature of Trump’s second term thus far, and market participants are particularly keen for updates on proposals like the potential creation of a US Bitcoin strategic reserve.

    A definitive announcement confirming the strategic reserve initiative could serve as a powerful catalyst, potentially triggering a rapid (“parabolic”) move towards and beyond $100,000.

    Conversely, renewed emphasis on aggressive tariff strategies or drastic budget cuts in the speech could dampen overall market sentiment, potentially capping Bitcoin’s near-term upside despite its recent resilience.

    Macro crosscurrents: tariffs, inflation, and Fed pressure

    The first 100 days of Trump’s term have been marked by distinct policy trends influencing market dynamics.

    While US inflation has continued its downward trend (falling from a 9.1% peak in 2022 to 2.4% in March 2025, per TradingEconomics), Trump’s continued advocacy for tariffs – measures widely warned by economists as potentially inflationary – creates tension.

    The President has claimed victory over inflation while simultaneously pushing for policies that could reignite price pressures.

    This backdrop informs Trump’s recently intensified calls for the Federal Reserve to cut interest rates, including public pressure and threats aimed at replacing Fed Chair Jerome Powell.

    While these pronouncements have sparked market speculation, data from the CME FedWatch tool still indicates a dominant (90.1%) probability that the Fed will maintain current rates at its upcoming May 7 FOMC meeting.

    However, the administration’s focus on tariffs (“impose across-the-board tariffs on most foreign-made goods”) continues to inject uncertainty into US stock markets.

    This uncertainty appears to be bolstering Bitcoin’s narrative as a potential safe-haven asset, relatively insulated from direct geopolitical trade spats and supply chain disruptions.

    Notably, Bitcoin has posted year-to-date gains of 5.6%, contrasting with declines seen in the S&P 500 and Dow Jones indices (down 5% YTD) during the same period.

    Should Trump’s policies continue to foster volatility in traditional financial (TradFi) markets, Bitcoin’s perceived resilience could attract further capital inflows.

    On-chain flows signal accumulation?

    Adding weight to the bullish case is compelling on-chain data indicating significant Bitcoin movement off cryptocurrency exchanges.

    Analysis from CryptoQuant reveals that investors have withdrawn over $4 billion worth of Bitcoin from tracked exchange wallets since Trump’s recent calls for rate cuts began around April 22.

    Total exchange reserve balances reportedly fell from $237.8 billion to $233.8 billion during this period.

    This trend of coins leaving exchanges is often interpreted bullishly, as it suggests investors are moving Bitcoin into private storage (“cold wallets”) for longer-term holding rather than keeping it readily available for sale on trading platforms.

    This reduction in easily accessible supply, coupled with potentially steady or increasing demand triggers (like the safe-haven narrative or strategic reserve news), strengthens the argument for a potential price breakout.

    Bitcoin tests $95K resistance, eyes $100K breakout

    With demand factors seemingly active and exchange supply tightening, the technical picture comes into sharp focus. Bitcoin is currently testing the significant resistance zone around 95,000−95,500.

    Successfully overcoming and holding above this level is seen as crucial for confirming the next leg higher.

    The $100,000 psychological milestone remains the key upside target in the near term, with the confluence of macro uncertainty, potential policy catalysts from Trump’s speech, and supportive on-chain data suggesting the stage could be set for such a move.

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  • Bitcoin (BTC) drops below $57K again amid strong selling pressure

    Bitcoin (BTC) drops below $57K again amid strong selling pressure

    Bitcoin (BTC) drops below $57K again amid strong selling pressure
    • Bitcoin drops below $57K due to major institutional sell-offs and market pressure.
    • Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses.
    • $51K is a crucial support level and long-term investors might see this as a buying opportunity.

    Bitcoin (BTC) has once again slipped below $57,000 as its turbulent journey continues. At press time, BTC was trading at $56,749.40, down 5.32% in a week.

    This latest dip is driven by a confluence of factors, including significant institutional sell-offs, the pressure from short-term holders facing unrealized losses, and ongoing spot market selling.

    Institutional sell-offs impact Bitcoin price

    A major factor behind Bitcoin’s price decline is the heavy selling activity by institutional investors. Prominent players such as Fidelity, Grayscale, Ark Invest, and Ceffu have significantly contributed to the downward pressure.

    Fidelity leads the charge, having sold 16,000 BTC, valued at approximately $915 million. Grayscale follows with the offloading of 15,000 BTC, amounting to roughly $858 million. Ark Invest has divested 7,000 BTC worth about $400.4 million, while Ceffu has sold nearly 3,124 BTC, totalling around $178 million.

    This institutional sell-off has been a crucial factor in Bitcoin’s drop. The substantial transfers of Bitcoin to exchanges suggest that these major players are either taking profits or rebalancing their portfolios.

    Interestingly, while these institutions are actively selling, BlackRock has maintained a neutral stance, avoiding both buying and selling Bitcoin amid the current market fluctuations.

    Risk of short-term holders exiting positions en mass

    The selling pressure is further exacerbated by the situation of short-term Bitcoin holders, who are currently facing significant unrealized losses.

    According to data from Glassnode, short-term holders who acquired Bitcoin in the last six months are experiencing financial stress, with their average cost basis ranging from $59,000 to $65,200, substantially above the current market price.

    This cohort’s financial strain is evident in key metrics, and their potential to exit positions en masse poses a considerable risk for increased market volatility.

    Despite the average Bitcoin investor remaining profitable, the substantial unrealized losses among short-term holders could potentially trigger broader market weakness if they decide to cut their losses.

    The $51,000 price level is highlighted as a critical support that must be maintained to preserve the current market structure.

    Potential for market stabilization

    As Bitcoin continues to experience strong selling pressure, its market behaviour reflects a complex interplay of institutional actions, short-term holder dynamics, and broader market conditions. While immediate prospects appear uncertain, particularly with the potential for further short-term declines, long-term investors may find value in this period of adjustment.

    Analysts have observed some absorption at lower price levels, which might suggest that Bitcoin could be poised for a period of sideways movement before making a decisive move.

    The current dip might present a buying opportunity for long-term investors who can weather short-term volatility.

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  • Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve

    Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve

    A photo image of mark cuban
    • Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban
    • The billionaire believes Trump’s lower tax rates and tariffs could push up Bitcoin’s price
    • Elon Musk plans to commit $45m a month to back Trump’s presidential run

    US billionaire Mark Cuban believes that through a combination of inflationary pressure and geopolitical uncertainty, Bitcoin could become a global reserve currency.

    Taking to X, the billionaire indicated that Silicon Valley’s support for former President Donald Trump was a “bitcoin play” to boost its price. Cuban, who has backed Joe Biden for re-election, stated that lower tax rates and tariffs under Trump could push up Bitcoin’s price.

    “Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration,” Cuban wrote.

    He added that this will make it easier to “operate a crypto business because of the inevitable, and required, changes at the” US Securities and Exchange Commission (SEC).

    How High?

    Questioning how high Bitcoin can go, Cuban didn’t give a figure, but wrote “way higher than you think,” adding that this is due to its global status, its 21 million Bitcoin limit, and the fact that the currency has unlimited fractionalisation.

    In Cuban’s view, Bitcoin could become a safe haven as countries turn to it as they seek to protect their savings if geopolitical uncertainty continues and the dollar declines as a reserve currency.

    While he only indicated that this was a possibility and isn’t saying it will happen, he added that it’s already happened in countries facing hyperinflation.

    Following Trump’s injury during an assassination attempt at a campaign rally in Pennsylvania, Musk officially endorsed the former GOP President by saying he plans to commit $45m a month to a new super political action committee backing Trump’s presidential run.

    In March, billionaire Elon Musk indicated he wasn’t voting for the Democratic Party in November. The tech mogul who owns Tesla and SpaceX, in addition to X, wrote “I voted 100% Dem until a few years ago. Now, I think we need a red wave or America is toast.”

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