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#Bitcoin Breaks Records: Will #Ethereum Follow

The market leader, Bitcoin, had successfully achieved a new #ATH with a high of just over $70,000. However, the rally was short-lived as thAe market experienced significant short-selling in their respective portfolios.

Positively, the elite coins have successfully regained momentum over the past few hours, resulting in a bounce back in the chart. At the time of writing, the ETH token traded with a price tag of $3,906.57.

Ethereum Token On A Path To Record New High! The cryptocurrency industry continues to display massive price fluctuation with top tokens experiencing significant pumps and dumps to their valuation. With the BTC price experiencing a new ATH, the volatility in the market has leveled up.

The Ethereum token has recorded a jump of 2.14% within the past 24 hours, indicating a bullish reversal in the crypto space. Further, the ETH price has added approximately 15.35% within the past seven days, and 63.34% over the past 30 days.

TradingView: ETH/USDT Further, the star altcoin, Ethereum, is roughly 20% from achieving a new all-time high (ATH), highlighting an increased interest of investors in altcoins. Moreover, the market hints at a high possibility of an altseason which may act as a catalyst in the ETH price achieving a new ATH.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating a strong bullish influence in the crypto industry. Further, the averages show a rising pattern, suggesting a positive price action for the token in the upcoming weeks.

Will ETH Price Continue Rising? The Ethereum token is currently testing its major resistance level of $3,930 soon, the outcome of which is unpredictable. If the Star altcoin manages to hold itself above the level, it will prepare to test its all-time high (ATH) of $4,881 in the coming time.

Conversely, in case a trend reversal occurs, the ETH price may lose momentum which may result in a delay in achieving its target of a new ATH.

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This #analysis report, backed by quality data, covers the major developments the Web3, Blockchain and Crypto landscape has witnessed this week.

Breaking #News

This #Week Seneca Protocol Hacker Returns Stolen Ether Tokens After Exploit. The hacker returned $5.3 million worth of Ether after exploiting an approval mechanism bug in Seneca Protocol’s smart contract, draining $6.4 million. The protocol offered leniency, not pursuing legal action if 80% was returned.

Gemini to Return $1.1 Billion in Settlement Deal with NY Regulators  Gemini agrees to repay customers $1.1 billion from its defunct Earn Program in a settlement with New York regulators. The exchange faces legal challenges from the SEC and the NY Attorney General’s office.

Robinhood Partners with Arbitrum for Access to Layer-2 Swaps  Robinhood collaborates with Arbitrum to offer its wallet users access to swaps on the layer-2 network. The alliance aims to simplify access to layer-2 networks, announced at ETHDenver 2024 event.

Uniswap Introduces New Features to Enhance Swapping Experience  Uniswap introduces three features: Uniswap Extension, Limit Orders, and Data & Insights. Limit Orders and Data & Insights pages are live, with access via a waitlist system for users.

CDC Supports Kraken in Lawsuit Against SEC’s Regulatory Tactics  The Chamber of Digital Commerce files amicus curiae to support Kraken against SEC lawsuit. CDC aims to counter SEC’s regulatory tactics and advocate for clearer rules.

RiskOnBlast Under Scrutiny Amid Suspected Rug Pull Scam  RiskOnBlast project faces scrutiny over a suspected rug pull scam, leaving investors with significant losses. The project raised 25M in ETH for a presale token Risk.

HTX Withdraws Crypto License Application in Hong Kong HTX, formerly Huobi, withdraws crypto licence application from Hong Kong. The Virtual Asset Trading Platform (VATP) licence allows exchanges to operate within Hong Kong.

MicroStrategy’s X Account Compromised in Ethereum Token Scam  Micostrategy’s X account hacked...

Full report:
https://bit.ly/49WFcka

#Reddit Incorporates Cryptocurrencies into Balance Sheet

• Reddit disclosed in its IPO filing that it holds bitcoin, #ether , #matic
• The revelation came as part of Reddit’s filing with the SEC to go public on the NYSE under “RDDT,” without disclosing specific holdings;
• While Reddit’s use of Ethereum and Polygon for NFT avatars was known, its investment in Bitcoin signifies a strategic move for investment purposes.

Reddit has revealed in an IPO filing that it holds bitcoin, ether, and MATIC and has said that it may continue to build its crypto portfolio in the future. The social media platform made the revelation as part of its filing with the US Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol “RDDT,” although the company did not reveal its holdings. The holding of ETH and MATIC is not a surprise as the platform has used both Ethereum and Polygon for its NFT avatars, but its bitcoin holdings are purely for investment reasons.

Reddit Blockchain Adventure Started in 2022

Reddit revealed in January that it was seeking to go public in March, a sentiment made good with this week’s filing. All companies filing for IPOs need to list their investments and the risks associated with those investments, which is where we learned about the company’s crypto holdings.

Acknowledging the potential risks associated with holding cryptocurrencies, Reddit highlighted concerns such as exchange risk and additional tax, legal, and regulatory requirements. Despite these considerations, Reddit said that it remains committed to exploring blockchain technology and its applications within its platform, which it started with its NFT avatars in September 2022.

Holdings Not Revealed

The decision to go public marks a significant milestone for Reddit after undergoing a lengthy process with regulators. The company’s co-founder, Steve Huffman, emphasized the importance of advancing Reddit’s mission and empowering its user community...

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Bulls and Bears Battle: Bitcoin (BTC) Price Forecast at $100,000

The broader #crypto #market has become optimistic about the upcoming trend as the Bitcoin price is coiling up. The price of Ethereum is scaling up, many large-cap cryptos are gaining strength, and some mid-cap tokens are also performing well. In the meantime, the bulls and bears appear to have placed their bets, which could intensify over time. This may have a severe impact on the #BTC price rally, which could be witnessed as soon as the token marks a new ATH.

Order books are considered one of the best tools to know what’s going on in the market. It is a list of buy orders or bids and sell orders or asks with discrete units. They give an idea of at what price the bulls wish to accumulate BTC and the bears are willing to liquidate.

The recent data shared by an analyst, anonymously known as Bitcoin Munger, shows that sellers are building a new’sell wall’ while buyers want the BTC price to slash hard below $40,000.
The above data shows the sellers are placing huge bets or ‘asks’ just above the ATH at around $70,000 to $72,000. Therefore, the possibility of the price facing a huge rejection after reaching these levels is pretty high. On the other hand, the buyers still expect the price to plunge hard and reach levels below $40,000 as massive amounts of bids are being placed within the $30,000 to $40,000 range. Therefore, considering the above data, analysts mention two main observations.

The sellers are moving to sell liquidity to the $70,000 levels as they know the current sell wall at around $55,000 to $60,000 may not hold for long Many buyers still hope to buy BTC within the range of $30,000 to $40,000. Hence, they will be forced to bid higher, which may offer more fuel to the rally Besides, if the orders are adjusted, then the buy orders are likely to go higher as they have been there for a long time, meanwhile, sell orders have been adjusting higher this week...

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https://bit.ly/42U8v4E

Binance Coin Achieve $400 Mark!

The #Binance coin recorded a⁤ neutral trend for a brief period, indicating a rise in the disinterest ⁤of investors in this altcoin. However, the BNB token has regained‌ momentum and has recorded a notable run ⁣over the past few days.

The Binance coin price recorded a jump of approximately ⁢5% within the past​ day but has added over‍ 31%‍ to its portfolio this month,⁤ highlighting a positive outlook ⁢for the token in the coming time.‌ Further, the token has ‌successfully achieved its $400 mark,‌ indicating a bullpower in the market.

The BNB coin price traded in a closed ⁣range between $297.5 and $308 for over a week, following which the bulls gained momentum and recorded a jump of ​10.18% over the next two‍ days.

After this, the Binance token displayed a⁢ neutral⁢ trend for a brief period, indicating a weak price action ⁣for the coin in⁢ the market. As ⁤the market volatility grew, ⁤the BNB token regained momentum and jumped approximately 14% in valuation.

#BNB Coin‌ Price Analysis

Following this, the price traded in a closed ⁤range‌ between $348.5 and $364.5 for the‍ next⁣ six days.⁢ After multiple attempts, the ‍bulls jumped 8.78% before facing rejection at ​$393.9.

The Binance coin price⁢ traded sideways for‌ a while,⁤ following which the bulls⁣ recently‌ jumped 5%, resulting in it achieving its $400 ‌mark after over two​ years.

Will BNB #Price Go Up?

The Relative Strength Index ⁤(RSI) continues ⁤to hover above ‍the overbought range, indicating a strong bullish​ influence in the crypto ​space. Further, the averages show a‍ constant rise, suggesting the price will continue gaining value in the coming time.

If ⁣the market pushes the ⁢price above the resistance level of $401, the bulls will regain power and prepare to test ‍its upper resistance level of $420 this week. Maintaining⁢ the price at that level ⁤will set the stage for the BNB coin to attempt to test its ‍upper limit of $435 in the upcoming weeks.

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Five Things to Know in Crypto This Week: Bitcoin Eyes $50,000 on BTC-Spot ETF Flows

Key Insights:

BTC-spot ETF market net inflows fuel a five-day BTC winning streak.

• US Treasury Secretary Janet Yellen called on Congress to roll out a crypto regulatory framework.
• US Senators Target the SEC over the SEC Motion to Dismiss the charges in the SEC versus Debt Box case.
• BTC-Spot ETF Market: Net Inflows Fuel a Five-Day BTC Winning Streak

BTC was up 10.92% to $47,277 from Monday to Saturday. BTC-spot ETF market net inflows for the week fueled the investor fear of missing out (FOMO). BTC struck a Friday high of $48,175 on a Thursday jump in BTC-spot ETF market net inflows.

On Thursday, BTC-spot ETF market net inflows surged from $146.1 million (February 7) to $405.0 million (February 8). iShares Bitcoin Trust (IBIT) leads The Nine (January 2024 SEC-approved BTC-spot ETFs). IBIT saw net inflows of $204.1 million, taking total net inflows to $3,499.7 million.

Fidelity Wise Origin Bitcoin Fund neared the $3 billion mark, with net inflows of $128.3 million, taking total net inflows to $2,934.2 million.

BTC-Spot ETF Volumes and Flows

The FOMO phenomenon extended beyond BTC, with the total crypto market cap increasing by 9.46% ($150 billion) to $1,739 billion from Monday to Saturday.

SEC v Coinbase: US Treasury Secretary Janet Yellen Calls for Regulatory Framework

On Tuesday February 10, US Treasury Secretary Janet Yellen gave testimony at a House Financial Services Committee hearing. Referencing the US crypto market, Secretary Yellen had this to say,

“The council is focused on digital assets and related risks, such as from runs on crypto asset platforms and stablecoins. Potential vulnerabilities from crypto asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations...

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تستمر عملة البيتكوين في اتجاهها البطيء حيث يظل السعر عالقًا داخل مستوى محدد النطاق. إن الانخفاض الشديد في التقلبات يعطي إشارات صعودية ولكن قد لا يتم القضاء على الضربة القاضية الهبوطية. مع تحوم الأسعار داخل النطاق لفترة طويلة، تم تشكيل قاعدة قوية. قد يؤدي هذا إلى اختراق صعودي هائل، في حين قد يميل ما قبل النصف إلى الحدوث، والذي قد يتوقف أيضًا قريبًا جدًا.

يشير التداول الحالي إلى أن السعر إما يعاني من ضغوط مفرطة على أي من الجانبين أو أن كل من الثيران والدببة أصبحوا سلبيين. لذلك، بدون الكثير من المشاركة منهم، ربما ظل السعر عالقًا عند نفس المستويات. إلى جانب ذلك، شهدنا المزيد من التراكم عند هذه المستويات، حيث تراكمت ملايين العناوين ملايين من BTC عند مستوى السعر الحالي.

وفقًا للبيانات من Intotheblock، التي شاركها المحلل علي، فقد اشترى أكثر من 3 ملايين عنوان ما يقرب من 1.5 مليون BTC بين 41800 دولار و43080 دولارًا.

أصبحت هذه المستويات واحدة من أقوى مناطق الدعم لسعر البيتكوين حتى الآن وقد يكون هذا هو السبب وراء انتعاش سعر البيتكوين بشكل صحي في كل مرة يتم اختباره فيها. من ناحية أخرى، فشل السعر أيضًا في الارتفاع فوق 43800 دولار، وهو مستوى المقاومة المحوري الذي يجب كسره لبدء ارتفاع جديد. فهل سيكسر سعر البيتكوين جدار المقاومة؟

على الرغم من انخفاض الحجم، فإن الارتفاع الطفيف في مؤشر القوة النسبية يبعث على آمال صعودية للعملة المشفرة. يتم تداول النطاقات عند مستويات المقاومة والدعم الدقيقة. وبالتالي، فإن الاختراق من أي من النطاقات قد يثبت صحة حركة السعر المعنية.

يشير إعداد التداول الحالي إلى أن سعر البيتكوين (BTC) قد يصل إلى مستوى المقاومة المؤقت وقد يرتفع حتى فوق 45000 دولار ولكن قد يؤدي ذلك إلى تراجع هبوطي، والعودة إلى المستويات المتوسطة للنطاق.

https://cointacted.com/newspaper/bitcoin-price-faces-extreme-compression-heres-what-may-be-expected-from-the-btc-price-rally/

ناقش المحلل Crypto World الحالة الحالية للعملات المشفرة الرئيسية، مع التركيز على Bitcoin (BTC) وEthereum (ETH) وChainlink (LINK). وأشار المحلل إلى مستويات الدعم والمقاومة الرئيسية وأهداف الأسعار المحتملة بناءً على الأنماط الفنية.

بيتكوين (BTC): تمر عملة البيتكوين بمرحلة حرجة، بعد أن شهدت انخفاضًا بنسبة 12٪ من أعلى مستوياتها الأخيرة في الشهر الماضي. ينصب التركيز الحالي على مستوى الدعم 40000 دولار، والذي يحمل أهمية تاريخية. يتكهن المحلل بإمكانية حدوث انتعاش مثل عمليات التعافي السابقة إذا ظل مستوى 40000 دولار سليمًا. ومع ذلك، فإن اختراق هذا الدعم قد يؤدي إلى المستوى التالي عند حوالي 30000 دولار.

يشير التحليل الفني أيضًا إلى سيناريو اختراق محتمل مع مستوى مقاومة يبلغ 43700 دولار. قد يؤدي الاختراق المؤكد فوق هذا المستوى إلى تمهيد الطريق لتحرك صعودي نحو هدف سعر يبلغ حوالي 48800 دولار.

الإيثريوم (ETH): أثار التعافي الإيجابي الأخير لسعر الإيثريوم مناقشات حول إمكانية الوصول إلى معلم جديد في الأسابيع المقبلة. ويشير المحلل إلى احتمالية تصحيح السعر قبل استئناف مسار تصاعدي، مؤكدًا على أهمية مراقبة مستويات الدعم والمقاومة عن كثب. وتشمل المستويات الرئيسية 2320 دولارًا كمقاومة و2150 دولارًا كدعم.

يشكل الإيثريوم أيضًا نمط مثلث متماثل، مع توقع حدوث اختراق في غضون 24 ساعة القادمة. قد تؤدي الحركة المؤكدة فوق 2320 دولارًا إلى هدف سعر صعودي عند 2600 دولار، في حين قد يؤدي الاختراق إلى ما دون 2280 دولارًا إلى هدف هبوطي عند 2030 دولارًا.

تشين لينك (LINK): شهدت تشين لينك مؤخرًا اختراقًا كبيرًا مقابل الدولار الأمريكي والبيتكوين. يحدد المحلل نمط رأس وكتفين معكوس، مما يشير إلى تحرك صعودي نحو هدف سعر 20 دولارًا. ومع ذلك، يُنصح بالحذر، مع الأخذ في الاعتبار أن السعر شهد بالفعل زيادة.

تشمل المستويات الحرجة لـ Chainlink مستوى 15.90 دولارًا كنقطة إبطال محتملة للاختراق الصعودي و17 دولارًا، بالإضافة إلى 16.70 دولارًا كمستويات دعم في حالة التراجع.

https://cointacted.com/newspaper/whats-next-for-bitcoin-ethereum-and-chainlink-price/

Analyst Eric Krown Crypto is warning Bitcoin investors that this might be the last heads-up for February. In a recent video, Krown talks about how Bitcoin has been doing well, showing five straight green months, which hasn’t happened since September.

Krown looks at the history and notes that usually, after a green month, there are about three more before a red one. The current trend puts Bitcoin in a unique spot, possibly heading for a sixth green month.

However, Krown also points out some signs on the monthly chart that suggest Bitcoin might be undecided, potentially hinting at a reversal. He thinks February could be a chance for a correction, given Bitcoin’s rapid rise without many pullbacks since September.

Switching to the five-day chart, Krown notes the volatility at extreme lows and the stochastic momentum setup indicating a downside disposition. He suggests a potential short-term rally to $44,000 or $45,000 before a more likely move to the downside, stressing the importance of $46,000 as a bullish confirmation level.

In simpler terms, Krown thinks Bitcoin might take a breather and go down a bit, possibly to around $40,000, before potentially going up again. He reminds everyone to be cautious and pay attention to key levels to confirm where Bitcoin might be headed. While discussing the worst-case scenario, which could be around $28,000, he believes $42,250 is critical to watch for confirmation of a local high.

Bitcoin is at a big decision point. It dropped 12% from its recent high last month and now faces the risk of breaking the critical $40,000 support. This $40,000 level has supported Bitcoin strongly in the past, making some people hopeful for a possible bounce back. However, if Bitcoin falls below $40,000, the next support level is around $30,000. At the time of writing, Bitcoin is trading at $42,800.

https://cointacted.com/newspaper/bitcoin-btc-price-at-risk-of-dropping-below-30k-if-this-happens/