Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Bitcoin may continue its recent upswing after achieving an 8% daily gain on Wednesday, as crypto analysts suggest that a local bottom might already have been established.“The combination of extreme deleveraging, capitulation among short-term holders, and initial signs of seller exhaustion has set the stage for a stabilization phase and a relief bounce,” Bitfinex analysts stated in a report on Tuesday.The remarks followed shortly after Bitcoin (BTC) surged nearly 8% on Wednesday, momentarily approaching $94,000. At the time of this report, Bitcoin is priced at $91,440, as per CoinMarketCap.Bitcoin operating on a “leaner leverage base”Bitfinex noted that the market is…
The recent monthly MACD rollover for Bitcoin, combined with on-chain metrics, has increased the likelihood of a more significant downturn, leading to price predictions now hovering around the mid-$60,000s.
Bitcoin may continue its recent upswing after achieving an 8% daily gain on Wednesday, with crypto analysts suggesting indications that a local bottom could already be established.“The combination of severe deleveraging, capitulation among short-term holders, and early signs of seller fatigue has fostered conditions suitable for a stabilization phase and a relief bounce,” Bitfinex analysts remarked in a report on Tuesday.The insights emerged just before Bitcoin (BTC) surged close to 8% on Wednesday, momentarily approaching $94,000. As of the time of publication, Bitcoin is trading at $91,440, according to CoinMarketCap.Bitcoin operating on a “leaner leverage base”Bitfinex noted that the market…
A chip commonly found in smartphones, including the crypto-centric Solana Seeker, has an irreparable flaw that may enable attackers to fully control the device and steal stored private keys, according to Ledger, a crypto wallet manufacturer.Ledger revealed in a report on Wednesday that it successfully executed an attack on the MediaTek Dimensity 7300 (MT6878), circumventing its security protocols to achieve “complete and absolute control over the smartphone, with all security barriers breached.”Ledger security engineers Charles Christen and Léo Benito explained they seized control of the chip using electromagnetic pulses during its initial boot sequence.Crypto wallets typically depend on private keys,…
This week, Binance founder Changpeng “CZ” Zhao introduced a new BNB Chain prediction market through a post on X, showcasing predict.fun. This platform, developed by a former Binance employee, enables users to earn yield on their funds while maintaining open positions.The new market allows users to place bets while generating passive income on idle funds.This configuration addresses a significant inefficiency in the industry, as traders often have to lock up capital without any earnings while awaiting event conclusions.Platforms like Polymarket and Kalshi are also integrating staking rewards, treasury incentives, or points systems into their forecasting to engage users and mitigate…
Market maker Citadel Securities has urged the Securities and Exchange Commission to strengthen regulations on decentralized finance regarding tokenized stocks, sparking criticism from the crypto community.In a letter to the SEC on Tuesday, Citadel Securities stated that DeFi developers, smart-contract programmers, and self-custody wallet operators should not receive “broad exemptive relief” for trading tokenized US equities.The firm argued that DeFi trading venues likely fit the definitions of “exchange” or “broker-dealer” and should be regulated under securities laws if they deal in tokenized stocks.“Allowing broad exemptive relief for the trading of tokenized shares via DeFi protocols would create dual regulatory frameworks…
Bitcoin (BTC) reached new local lows after the Wall Street opening on Monday as analysis cautioned about “increasing” macro challenges.Key points:BTC price action descends to new local lows with daily losses exceeding 7%.Bitcoin encounters several macro headwinds from Asia, worsening already fragile liquidity conditions.A trader indicates that this week’s sessions will determine the trajectory for 2025 performance.Wall Street selling drives BTC price downData from Cointelegraph Markets Pro and TradingView revealed daily BTC price losses surpassed 7% as BTC/USD hit $83,814 on Bitstamp. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewA disheartening weekly and monthly candle close gave bears an advantage, and as US…
A significant surge in crypto liquidations is highlighting how many traders have increased their leverage in recent months. Related Reading According to a new report from Glassnode and Fasanara, average daily liquidations have risen from approximately $28 million in long positions and $15 million in shorts during the previous cycle to around $68 million long and $45 million short in the current cycle. This change has resulted in far more extreme sell-offs. Early Black Friday Shock Reports indicate that October 10 marked a clear indication of this shift. On that day, over $640 million per hour in long positions were…
Ripple’s CEO, Brad Garlinghouse, shared an optimistic bitcoin BTC$93,200.99 price prediction during a discussion at Binance Blockchain Week, where he appeared alongside Solana Foundation President Lily Liu and Binance CEO Richard Teng.He projected that BTC could hit $180,000 by the end of 2026, demonstrating robust confidence in the cryptocurrency’s future value. While Teng refrained from giving a specific prediction, he expressed his belief that prices would trend upward, emphasizing a focus on long-term gains over short-term fluctuations.Liu indicated her expectation for prices to surpass $100,000. At the time of reporting, Bitcoin was trading at roughly $93,000, following a peak of…
Major tokens saw increases up to 5% as Bitcoin BTC$93,083.81 peaked over $93,000 on Thursday, a movement described by some traders as a possible false signal amidst high volatility in the crypto market.Cardano’s ADA increased by 5% following essential network developments, as a governance vote passed a proposal of 70 million ADA to invigorate on-chain activity. Meanwhile, Ether ETH$3,195.61 rose by 4% as the Fusaka upgrade launched, aimed at enhancing the network’s capacity to manage larger transaction batches from layer-2 networks.Attention is currently focused on whether BTC can maintain stability within the $90,000–$91,000 support zone. Market positioning remains delicate following…