Cryptocurrency traders are keeping a close eye on the Bitcoin market as a potential “bargain-buying” window opens up ahead of the upcoming Bitcoin halving, scheduled for April. Prominent pseudonymous crypto trader Rekt Capital has outlined a five-stage market pattern, signaling that investors may have just two weeks to make the most of favorable prices before a pre-halving rally begins.
Bitcoin halving: A catalyst for bullish sentiment The Bitcoin halving occurs approximately every four years and involves cutting mining rewards in half for miners. This event has historically been regarded as a bullish catalyst for Bitcoin’s price.
Rekt Capital highlights that the previous Bitcoin halvings have been characterized by steep price dips in the months leading up to the event, ultimately generating substantial returns for investors. The upcoming halving in 2024 appears to be following this historical pattern.
Rekt Capital points out that Bitcoin has already undergone an approximately 18% retracement in January, suggesting that there is currently a two-week window during which Bitcoin may undergo another significant pullback. According to the trader, this period could represent one of the final opportunities for investors to buy Bitcoin at attractive prices before the pre-halving rally begins.
#BTC
5 Phases of The Bitcoin Halving
1. Pre-Halving period
Approximately 77 days remain until the Bitcoin Halving in April 2024
Historically, any deeper retraces that occur during this orange period tend to generate fantastic Return On Investment for investors in the several… pic.twitter.com/8JC8qX2IVm
— Rekt Capital (@rektcapital) January 29, 2024 Pre-halving rally phase Following this potential short-term pullback, Bitcoin typically enters what Rekt Capital terms the “pre-halving rally” phase approximately 60 days before the halving event. During this phase, short-term traders aim to capitalize on the growing anticipation and “buy the hype” leading up to the halving. However, as the halving date approaches, a “sell the news” sentiment tends to set in, often occurring one to three weeks before the halving.
In the previous two Bitcoin halvings, Rekt Capital notes that a significant price dip occurred during the weeks preceding the halving. 2016, there was a 38% price dip, while in 2020, a 20% drawdown was observed. This pre-halving retrace is common as traders take profits, resulting in a temporary price decline.
Post-halving : Sideways price action Once the halving event has successfully transpired, Bitcoin enters a relatively “boring” phase characterized by sideways price action. This period can last an average of 150 days, often disappointing investors who expected immediate price surges following the halving. Many investors get “shaken out” during this time due to the lack of significant price movements.
Finally, Rekt Capital highlights the “parabolic uptrend” phase that follows months of accumulation and sideways trading. Bitcoin experiences accelerated growth during this phase and often reaches new all-time highs.
While Rekt Capital emphasizes the importance of the halving in shaping Bitcoin’s price action, not all experts agree. Some argue that the impact of halving on price is diminishing, with other factors taking precedence.
Ralph Zagury, Chief Investment Officer of Swan Bitcoin, suggests that liquidity is more integral in influencing Bitcoin’s price in 2024. He contends that flows and market dynamics are the primary drivers of price, rendering the halving less impactful than previously thought.
Earliest signs of an altcoin season are emerging, analysts say.Many big cap coins have enjoyed triple digit gains.Past cycles offer a guide of what's to come.Forget Christmas. Altseason is upon us.
Altseason is a period when interest – and prices – surge for cryptocurrencies other than Bitcoin.
In the 2017 bull cycle, for instance, alternative cryptocurrencies multiplied in value thousands of times within a few short months, triggering a shower of riches for newly minted investors in the space.
Now, with the value of the OTHERS altcoin index soaring 76% since early November, to $334 billion, a new golden age appears to be dawning for Bitcoin’s offspring.
“It’s far from a nothingburger, we’re on the brink of a full-blown altseason,” Matthew Mena, head of US crypto research at 21.co, told DL News.
Dino coinsWhile sceptics may doubt altcoins are poised to soar for a sustained period of time, Mena said positive signs are already emerging.
This year, a number of “dino” coins from the 2017 era have already jumped triple digits.
XRP, the coin associated with Ripple, is up 177% in the past 30 days, and Dogecoin, the memecoin stalwart, climbed 140% in the same timeframe. Cardano, meanwhile, spiked 186% in the past month, according to CoinGecko.
Even Axie Infinity, the blockchain game play that’s long been out of favour, is delivering a 43% return to holders of AXS over the last 14 days.
“On top of that, laggards like Ethereum are breaking key resistance levels,” Mena said.
‘The usual crypto bro cycling out of Bitcoin and into alts will look differently.’
— Christopher Inks, TexasWest CapitalOn Tuesday, the second most valuable cryptocurrency crossed the $3,600 mark for the first time since mid June. Many say a trip to $10,000 is just around the corner.
Alex Kruger, a macro analyst, agrees with Mena’s analysis, to a point.
Michael Saylor’s billion-dollar purchases of Bitcoin “gives oxygen to crypto natives to go gamble,” he told DL News.
Why won’t Bitcoin reach $100,000 already?
Bitcoin came as close as it ever has at topping $100,000...Bitcoin came as close as it ever has at topping $100,000 last Friday before falling back to five figures, leaving crypto investors...
That, in turn, is prompting seasoned retail investors to buy DINO coins even as newer entrants pile into memecoins.
Even so, Kruger doubts this altseason will feel like the 2017 bull run.
“Altseason a la 2017 is too much,” he said.
In any event, analysts are watching closely to see how the cycle pans out.
Juicy upsideAfter traders realise Bitcoin may not offer as much juicy upside, they “chase pumps” down the food chain, toggling from large caps to small caps, Mena said.
Unlike past cycles, this one features new forces that are reshaping the marketplace. Case in point: crypto ETFs, said Christopher Inks, CEO of trading firm TexasWest Capital.
“The usual crypto bro cycling out of Bitcoin and into alts will look differently,” he said.
That’s because ETF buyers, who have been in Pac-Man mode, aren’t rotating capital into alternative cryptocurrencies.
At the same time, Inks and Mena said investors may start focusing on specific sectors such as AI.
The intersection of digital assets and AI in offerings such as the bizarre memecoin GOAT is deeply crypto-native and making waves across Crypto Twitter, Mena said.
“AI and AI agents are two key sectors I’ve been keeping an eye on,” he said.
Pedro Solimano is a Markets Correspondent based in Buenos Aires. Got a tip? Email him at [email protected].
The past month has been unusually difficult for crypto markets. Nearly all major assets have traded lower following the record liquidation event of October 11, which triggered a broad risk-off phase across the sector. Bitcoin has continued to slide since, pulling most correlated tokens down with it.
Yet in the same period, some assets have behaved differently. While the broader market moved as a single macro-driven block, a few tokens showed price dynamics that didn’t fit the usual pattern. One of the most notable examples comes from football, specifically, from the Arsenal Fan Token ($AFC). That divergence raises an interesting question: what drives Fan Token valuations when the rest of crypto is falling?
Fan Tokens Decouple From the Crypto Market The past month has been challenging for crypto markets, with almost every major asset trading in negative territory. The downturn began on October 11, when the largest crypto liquidation event on record erased more than $20 billion in open interest immediately after the U.S. announced a tariff hike on China. The shock accelerated selling across the market and triggered a sustained decline: since that point, Bitcoin has fallen a further ~15%, dragging down the majority of tokens that remain closely correlated to it.
Source: TradingView
However, not all tokens respond to market conditions in the same way. Fan Tokens exhibit behaviours that set them apart from typical crypto assets. Their price action is heavily influenced by major football events and periods of high engagement, often causing them to decouple from Bitcoin and the broader market cycle. When anticipation and excitement build around a club’s performance, Fan Tokens tend to move according to sporting momentum rather than macro sentiment.
A clear example is the Arsenal Fan Token ($AFC). From the market bottom on October 11, $AFC sharply diverged from crypto benchmarks, outperforming $BTC, $CHZ, and $TOTAL3 (total crypto market cap excluding $BTC and $ETH). Over just slightly more than a month, $AFC gained over 30%. For comparison, $CHZ, the broad benchmark for Fan Tokens, increased nearly 19%, already strong relative to the market backdrop. Meanwhile, $TOTAL3 and $BTC declined by -2.4% and -7.6% over the same period.
Source: TradingView
Arsenal Case Study: Sporting Momentum as a Pricing Catalyst The clearest driver behind this decorrelation was Arsenal’s extended run of 10 consecutive victories across the Premier League and Champions League between September 25 and November 11.
Source: Diretta.it
As illustrated in the match sequence chart, each numbered point corresponds to one of those wins. After the October 10 crypto crash, the winning streak became the dominant catalyst shaping $AFC price action. Rising confidence among fans, combined with traders positioning around the possibility of yet another win, likely sustained continuous buy pressure. This dynamic pushed $AFC not only to recover its losses from the broader market sell-off but to move decisively higher in the weeks that followed.
Source: TradingView.
Arsenal’s case is not an anomaly. Similar price behaviours have appeared across other major Fan Tokens when clubs entered high-stakes phases of competition.
A clear example is Tottenham’s run in the Europa League 2025. After the club secured victory in the quarter-final and expectations of reaching the final increased, $SPURS began to reprice sharply higher. Over the following month, the token fully decoupled from broader crypto trends, with its correlation to Bitcoin dropping rapidly. At its peak, $SPURS gained +83% compared to Bitcoin’s +13%, a significant relative outperformance driven almost entirely by football-specific catalysts rather than market conditions.
Source: TradingView
A similar pattern emerged with Paris Saint-Germain during the Champions League 2025 campaign. After PSG advanced to the semi-finals and the probability of reaching the final increased, $PSG repriced meaningfully higher. Like Tottenham, the token broke correlation with Bitcoin and the broader market, showing independent behaviour. At its peak, $PSG reached +40% against Bitcoin’s +17%, again reflecting sentiment tied to football performance rather than crypto beta.
Source: TradingView
These cases highlight a fundamental characteristic of Fan Tokens: their performance is directly linked to sporting momentum, expectations, and tournament stakes. As confidence around a club rises, traders increasingly treat Fan Tokens as a way to express expectations about future results. In practice, this makes them function as an alternative to binary prediction markets such as Polymarket or Kalshi, and as a more transparent, continuous alternative to traditional sportsbook markets, where odds are centrally controlled.
Fan Tokens as Prediction Assets Unlike a sportsbook bet that locks users into a single outcome, Fan Tokens operate in a 24/7, liquid market where positions can be opened, closed, or scaled at any time. Investors are not betting on a single result, they are trading on momentum, probability, and belief. This shifts speculation from a one-off wager to an ongoing market-priced forecast.
Fan Tokens can also be used alongside prediction markets to exploit inefficiencies across related markets when expectations diverge. For example, if a club’s Fan Token begins pricing in higher confidence before odds adjust on a prediction platform, traders can act on that mismatch.
The rapid growth of on-chain prediction markets reinforces this dynamic. As more users become accustomed to speculating on sports outcomes, especially through platforms like Polymarket, that behaviour naturally extends to Fan Tokens, increasing liquidity, visibility, and demand across both ecosystems.
Source: Google Trends. Term: Polymarket.
A concrete way to observe the connection between Fan Tokens and prediction dynamics is by looking at the “English Premier League Winner” market on Polymarket, which settles in May 2026. Before October 2025, Manchester City was slightly favoured over Arsenal. However, as Arsenal entered its winning streak, the market rapidly repriced expectations: Arsenal’s implied probability rose from roughly 35% to 55%, while Manchester City dropped from around 45% to 30%.
Source: Polymarket
A similar repricing occurred in the Fan Token market over the same period. While Arsenal was outperforming on the pitch, $AFC appreciated more than 30%, whereas $CITY declined by over 5% across the same timeframe.
This divergence created two distinct trading approaches. A trader expecting Arsenal’s strong form to continue could simply take a directional position by going long $AFC. However, a more risk-controlled approach would be to trade the relative performance between the two clubs, going long $AFC and short $CITY. In that case, the bet is not on the absolute movement of the token, but on Arsenal outperforming Manchester City on the field, with the market continuously adjusting that expectation in real time. This is also a key difference between Fan Tokens and traditional betting: investors can hedge, neutralise wider market volatility, and express views on sporting momentum rather than binary outcomes.
Source: TradingView
The parallel movements across both markets, prediction platforms and Fan Tokens, send a consistent signal: Fan Tokens are highly sensitive to sporting performance and collective belief around future outcomes. As confidence grows or fades, Fan Token prices adjust in real time, allowing traders to gain or reduce exposure to a club’s trajectory rather than to the broader crypto market.
Conclusion The recent performance of $AFC, and similar patterns observed across $SPURS and $PSG, shows that while Fan Tokens remain broadly correlated to the wider crypto market, they possess unique dynamics that can override that correlation during key sporting moments. Their pricing is still influenced by macro trends, but real-world outcomes, momentum, and fan expectations can trigger periods of decorrelation and independent price discovery. When anticipation builds around a club’s trajectory, Fan Tokens reflect that belief in real time, often regardless of market-wide sentiment. For traders and fans alike, these assets provide a liquid, transparent and continuous way to take a view on sporting outcomes rather than macro conditions.
As the prediction-asset narrative gains traction across crypto and on-chain prediction markets attract growing participation, Fan Tokens naturally sit at the intersection of these two trends. Their value does not depend on isolated event settlements, but on the dynamic repricing of probabilities as a season unfolds. If current behavioural patterns continue, Fan Tokens may emerge as one of the clearest real-world demonstrations of markets pricing expectations, and one of the most accessible on-chain entry points for speculating on sport.
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In a market breakdown shared on X, independent trader and Zero Complexity Trading founder Koroush Khaneghah points to a handful of critical crypto charts that he believes could dictate the next major market move. Khaneghah, who has invested in over 50 startups, emphasizes that the charts for BTC/USD, BTC Dominance (BTC.D), TOTAL2, ETH/BTC, and SOL/BTC provide invaluable insights into the crypto market’s current condition and possible future shifts.
BTC/USD: Defining The Crypto Market Khaneghah identifies BTC/USD as the yardstick for gauging what stage of the bull run the market might be in. According to his view:
“This decides what stage of the bull run we’re in.
– Breaks above ATH resume the bull run
– Consolidation below ATH -> Altcoins enter accumulation zones
– Major structural breaks -> Time to turn bearish”
He suggests traders begin by determining which of three market environments Bitcoin is in: a raging bull market, a consolidation phase, or a structural downturn. Currently, Khaneghah sees BTC/USD “ranging below all-time highs, coming off some major uptrends,” which often presents either a catch-up scenario for altcoins or a prolonged accumulation phase ahead of Bitcoin’s next attempt to break all-time highs.
Bitcoin price analysis, 1-day chart | Source: X @KoroushAK BTC Dominance (BTC.D) To clarify whether altcoins are poised for a significant move, Khaneghah turns to BTC Dominance. As he explains: “BTC.D (bitcoin dominance) tracks Bitcoin’s share of the total crypto market cap. “Increasing Dominance = BTC outperforms and altcoins lag (same for upside and downside). Decreasing Dominance = BTC cools off and money flows into Altcoins.”
BTC.D, 1-week chart | Source: X @KoroushAK Dominance rising typically means Bitcoin is absorbing the bulk of market liquidity. Meanwhile, a drop in BTC.D often suggests altcoins are about to see greater inflows of capital.
Crypto Market Cap Excluding Bitcoin (TOTAL2) The TOTAL2 chart, which excludes Bitcoin from the total crypto market capitalization, is key to analyzing altcoin behavior. Khaneghah advises: “When BTC.D Falls, TOTAL2 increases because capital is rotating into altcoins. When TOTAL2 breaks out, look for longs on the strongest altcoins, rotate out of Bitcoin, and shift capital into alts again.”
Crypto TOTAL2, 3-week chart | Source: X @KoroushAK He stresses that the highest probability trades come from identifying moments when the market rotates away from Bitcoin. In these instances, traders might see stronger returns by entering altcoin positions rather than remaining primarily in BTC.
ETH/BTC Khaneghah underscores that ETH/BTC is a helpful barometer for broader altcoin sentiment: “The best altcoin plays happen when ETH/BTC stops trending downwards because the market confidence in alts returns here.”
ETHBTC, 3-week chart | Source: X @KoroushAK When Ethereum is outperforming Bitcoin or stabilizing against it, it generally sparks confidence that altcoins could experience rallies, often referred to as “altseason.”
SOL/BTC Khaneghah also shines a spotlight on SOL/BTC, suggesting that Solana’s performance relative to Bitcoin could reshape altcoin capital rotation: “I don’t normally look at this but a comparison helps decide if the money rotation has a better reward within the SOL ecosystem or ETH. People will think SOL has ‘pumped already’ but I like buying coins with strength, rather than buying coins that might catch a bid.”
SOLBTC, 1-week chart | Source: X @KoroushAK While Solana has posted significant gains, Khaneghah believes its strong performance could continue. He notes that if Solana keeps outperforming Bitcoin, some capital might shift away from ETH, potentially amplifying activity across the SOL ecosystem.
At press time, BTC traded at $105,026.
BTC price, 4-hour chart | Source: BTCUSDT on Tradingview.com Featured image from Shutterstock, chart from TradingView.com
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On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH’s price.
Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between the Ethereum market cap and the realized cap.
The realized cap here is a capitalization model that calculates ETH’s total valuation by assuming that the ‘real’ value of each token in circulation is equal to the spot price at which it was last transferred on the blockchain.
Since the last transaction of any coin is likely to correspond to the last point at which it changed hands, the Realized Cap essentially measures the sum of the cost basis of the circulating supply. This model could also be looked at as a representation of the amount of capital the investors as whole have put into Ethereum. In contrast, the market cap is the value that the holders are carrying right now.
When the value of the MVRV Ratio is greater than 1, it means the market cap is greater than the realized cap. Such a trend implies the investors as a whole are sitting on unrealized gains. On the other hand, the metric being under the mark suggests the holders are carrying a lower value than they initially put in, so the average investor could be considered underwater.
Now, here is the chart shared by the analyst that shows the trend in the Ethereum MVRV Ratio, as well as its 160-day MA, over the past year:
The two metrics appear to have crossed each other in recent days | Source: @ali_charts on X As is visible in the above graph, the Ethereum MVRV Ratio has registered a decline recently as ETH’s price has followed a bearish trajectory. The indicator is still above the 1 mark after this drawdown, suggesting the overall market remains in the green.
The metric’s fall, however, has meant that it has slipped under its 160-day MA. The combination of the indicator’s daily value and its 160-day is known as the MVRV Momentum. In the chart, Martinez has highlighted what happened the last time the MVRV Momentum showed a similar pattern as recently.
It would appear that the MVRV Ratio crossing under its 160-day MA led to a 40% price correction for Ethereum last year. It now remains to be seen whether the negative momentum in the indicator would also prove to be bearish for the cryptocurrency this time as well or not.
ETH Price At the time of writing, Ethereum is floating around $3,200, up more than 2% over the last seven days.
Looks like the price of the coin has seen a decline recently | Source: ETHUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
The crypto sector is experiencing a bullish trend amid several positive developments. As per the data from Top 7 ICO, the cumulative market capitalization of the crypto market has touched $3.56T while Bitcoin ($BTC) price has jumped to the $104K mark. This underscores an increasing investor interest in the crypto realm.
In addition to this, the Fear & Greed Index is also neutral, standing at 54. The overall optimistic market overview potentially suggests a gradual movement toward a likely upcoming bull run.
Bitcoin ($BTC) Reaches $104,944, Raising Dominance to 58.5% The data from the crypto analytics company Top 7 ICO, the crypto sector is witnessing an upward trajectory. Particularly, Bitcoin’s price has spiked to $104,944, denoting a 2.4% surge during the past twenty-four hours. Additionally, the overall $BTC dominance has reportedly increased by 58.5%, indicating a 1.8% jump. Simultaneously, the top crypto token’s market capitalization is $2.07T. On the other hand, Ethereum’s dominance has seen a slight downside. In this respect, the $ETH dominance stands at 10.8%, accounting for a 1.6% dip.
Ethereum ($ETH) and Solana ($SOL) See 1.12% and 1.74% Price Surge over 24 Hours Along with that, the well-known crypto assets have also seen gains over the recent twenty-four hours. Particularly, the price of Ethereum ($ETH) is $3.182, showing a 1.12% rise over the twenty-four hours. Additionally, the market capitalization of Ethereum ($ETH) is $383B. Ripple ($XRP) has emerged as another gainer with a 24-hour increase of 0.07%. While its price is $3.1, $XRP’s market cap accounts for $178B. Moreover, Tether ($USDT) and Solana ($SOL) have also recorded 0.05% and 1.74% gains as their prices touch $1 and $237 respectively.
24-Hour Spot Volume Records Staggering $130B after a 15.3% Rise According to Top 7 ICO’s data, the ratio between the Bitcoin ($BTC) season and altcoin season has reached 44/100 over the past week. Furthermore, Dar Network, Solana ($SOL), and Worldcoin ($WLD) are also launching significant events to increase adoption. These events include the Dalarnia Legends Beta project, linear unlock of up to $15.8M, and linear unlock of almost $9.41M respectively.
Apart from the crypto landscape’s spike to $3.56T in market cap, the spot volume has touched $130B over the last twenty-four hours. This shows an enormous 15.3% rise. Keeping this in view, all the respective developments are paving the way for a potentially massive bull market in the near term.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Shiba Inu could see its price eliminate a leading zero and trade with a market cap exceeding $132 billion if Solana reaches a price of $3,000.
Crypto assets like Solana (SOL) and Shiba Inu (SHIB) have experienced similar price dips recently as the bull momentum stalls but Optimism remains high in the crypto community regarding the future performance of both Solana and Shiba Inu. Both assets have a history of impressive growth during bull runs, and market participants are confident in their price actions.
For instance, at its current price of $240, Solana is up 183% over the past year. Similarly, at $0.00001983, Shiba Inu has gained 124% over the same timeframe.
This analysis considers the potential price of Shiba Inu should Solana’s value expand by more than ten-fold during this bull run.
Shiba Inu Price If Solana Reaches $3,000 At Solana’s current price of $247, a rise to $3,000 would require an increase of 1,115%. Notably, Solana currently has a market cap of $120.45 billion with a circulating supply of 486 million.
Should it maintain this supply, a price of $3,000 would bring Solana’s market cap to approximately $1.46 trillion, implying a 12-fold growth.
The market cap difference between Shiba Inu and Solana is approximately $110 billion. If Shiba Inu were to follow a similar growth pattern as Solana’s rise to $3,000 (i.e., its market cap grew by 12x), its cap could potentially increase to about $132 billion.
At press time, Shiba Inu is trading at $0.00001983 with a supply of 589 trillion tokens. A $132 billion market cap for SHIB would correspond to a unit price of $0.00024094.
This suggests that Shiba Inu could potentially cancel another zero if Solana reaches a $1.46 trillion market cap, especially if the current gap between the two assets remains unchanged.
Can Shiba Inu Reach a $132 Billion Market Cap? Numerous market analysts have expressed the belief that Shiba Inu could surpass a $100 billion valuation in this cycle. Recently, a Bitcoin analyst predicted that SHIB could reach prices of $0.000183312 (an 821% gain) and $0.0004729 (a 2,276% gain).
For context, both price projections would imply a market cap exceeding $100 billion for SHIB. Specifically, the $0.0004729 price corresponds to a $278 billion market cap, which the analyst believes is achievable this year.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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The Bitcoin (BTC) market recorded more losses than gains in the past week resulting in a net price decline of 2.37%. Nevertheless, investors and market experts alike remain highly bullish on the premier cryptocurrency’s potential for substantial gains amidst the current bull run.
Bitcoin Ready For $150,000 Price Target – Analyst In a Quicktake post on CryptoQuant, an analyst with username Percival has touted Bitcoin to achieve a $150,000 price in the current bull cycle. Commenting on the present market state which might be unsettling to certain investors, Percival states that Bitcoin’s price trajectory, marked by sharp upward spikes and periods of consolidation, resembles the structural dynamics of any mature financial asset.
In regards to future price movement, the analyst references a Fibonacci expansion from Bitcoin’s cycle low at $15,450 in November 2022 to the consolidation at $48,934 in 2024. In translating this historical data to the current market, Percival identifies a Bitcoin price target between $136,000 – $150,000 which is further supported by data from Bitcoin Realized Price Bands – a market metric that analyses supply based on different buying levels.
Source: CryptoQuant However, for Bitcoin to trade at $150,000, the asset must attain a total market cap of $3 trillion. Currently, there is strong historical data in support of this postulation. For context, Percival explains that Bitcoin Realized Cap rose by 470% in the previous bearish cycle in 2021. Presently, the realized Cap has only grown by 111% suggesting more potential for market growth.
Furthermore, the analyst identifies possible sources of demand to drive up the projected $3 trillion market expansion, one of which is the US Bitcoin Spot ETFs.
Notably, these investment funds registered nearly $40 billion in inflow during their debut trading year in 2024. With the US expected to adopt a pro-crypto stance in the Donald Trump administration, institutional demand is also likely to surge stronger through these ETFs. In addition, Percival includes the Bitcoin Futures market which is currently valued at $95 billion as another potential bullish driver for the projected market expansion
BTC Price Overview At the time of writing, Bitcoin trades at 102,334 reflecting a 1.66% decline over the last day. However, the flagship cryptocurrency is up by 7.93% on its monthly chart after a strong positive performance in January.
According to data from the prediction site CoinCodex, market sentiments remain bullish with the Fear & Greed Index of 76 which indicates extreme greed among investors. Looking forward, the analysts at Coincodex predict Bitcoin could trade at $113, 658 and $132,823 in the next five and thirty days respectively. In particular, they project the digital asset to have crossed $150,000 in the next three months.
BTC trading at $102,410 on the daily trading chart | Source: BTCUSDT chart on Tradingview.com Featured image from iStock, chart from Tradingview
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For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap.
According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023.
Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating.
🚨 Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum!
Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins.
This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE
— Alphractal (@Alphractal) January 31, 2025
Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday.
Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion.
USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC.
As of today, the market cap of cryptocurrencies reached $3.41 trillion. Chart: TradingView The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs.
What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months.
Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows.
On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months.
Featured image from Gemini Imagen, chart from TradingView
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The crypto and US equities markets started the week on the worst possible note, reacting negatively to the launch of the Chinese AI platform DeepSeek. Despite the initial downturn, the Bitcoin price has since returned above the $100,000 level, moving mostly sideways to close the week.
According to a recent on-chain report, liquidity on centralized exchanges has reached a new record high, suggesting that crypto bulls now have increased buying power. The question is — can this fresh buying power push the Bitcoin price to a new high?
Impact Of Growing Stablecoins On Crypto Prices In its latest weekly report, blockchain intelligence firm CryptoQuant revealed liquidity in the crypto market has experienced a significant boost since the US Presidential election in November 2024. Liquidity in crypto is measured by the total value of circulating stablecoins, which recently reached a new all-time high.
According to data from CryptoQuant, the market capitalization of dollar-backed stablecoins surpassed the $200 billion mark last week and is currently at $204 billion, a record high. This value represents an over 22% expansion since Donald Trump’s victory in the US elections.
One major contributor to this growth is Tether’s USDT, which accounts for nearly 70% of the USD-denominated stablecoin market. USDT’s market cap currently stands at around $139 million, reflecting a 15% increase since November last year.
Source: CryptoQuant Interestingly, this expansion has been mirrored in the stablecoin balances of centralized exchanges, with the total amount of USDT on these trading platforms now at record levels. CryptoQuant revealed that the market cap of USDT on centralized crypto exchanges has increased from $30.5 billion to $43 billion in the past three months, representing a 41% increase.
Dollar-backed stablecoins are an important source of liquidity for trading on centralized exchanges. Hence, an expansion in the stablecoin supply of exchanges implies an increase in the buying power of crypto investors.
“The next leg up for Bitcoin and crypto prices could be around the corner, as the stablecoin liquidity impulse starts to expand again,” CryptoQuant noted. Moreover, a growing stablecoin market cap — especially on centralized exchanges — is historically correlated with higher Bitcoin prices.
CryptoQuant added:
USDT’s liquidity impulse (30-day % change in market capitalization) is now slightly positive after contracting by 2% at the start of 2025. A further acceleration typically drives crypto prices higher. Meanwhile, USDC’s liquidity impulse is expanding by 20%, its fastest pace in at least a year.
From a different perspetive Alex Merz, from the Blockchain Game Alliance stated: “The cryptocurrencies scene face a new era, in which online casinos accepting bitcoin and other cryptos are multipliang exponentionally their new customers, due to the recent approval of cryptocurrencies by many jurisdictions and local regulators, and because users now find a way to gamble in an anonymous way with their investment wins, thanks to the price increase.”
Bitcoin Price At A Glance As of this writing, Bitcoin is valued at around $102,400, reflecting an almost 2% decline in the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView
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Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.
Prominent on-chain analytics firm Glassnode believes that Bitcoin (BTC) has more room to run to the upside based on one on-chain indicator.
On the social media platform X, the analytics firm points to BTC’s Realized Cap, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss.
[adinserter block="1"]
Says Glassnode,
“Realized Cap tracks net capital inflows into Bitcoin, a key driver of bull markets. So far, it has grown 2.1x from the 2022 low – below the 5.7x peak of the last cycle. The typical euphoric phase sees a sharp acceleration, but this hasn’t fully materialized yet.”
Source: Glassnode/X Glassnode also notes that Bitcoin’s current cycle appears to be following in the footsteps of its 2015-2018 bull run, which was largely driven by spot market investors.
“Despite a much larger market cap, pullbacks have rarely exceeded -25%, reflecting strong demand, ETF (exchange-traded fund) inflows, and Bitcoin’s role as a macro asset.”
Source: Glassnode/X The analytics firm says when new demand materializes, price action tends to accelerate in a “second euphoric phase.”
“Prior cycles saw explosive growth, though a 100x rally from the low – like in 2015 – is unlikely at today’s scale. If demand strengthens, there may still be room for further expansion.”
BTC is trading at $101,807 at time of writing. The top-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours.
A developer named Mini Doge announced that he launched the 1993 game Doom on the Dogecoin blockchain.
The game was launched using Inscriptions. A developer named Mini Doge announced that he found the 1993 game Doom inscribed onto the Dogecoin blockchain.
The game also has support for full-screen mode, which also works with a mouse. To do this, follow the link in the Content section. Mini Doge warned that the first boot would take about a minute.
To port the project, the developer used “inscription” technology; these are tokens based on the DRC-20 standard. When the client is deployed, all data is pulled directly from the Dogecoin blockchain.
Amid the launch, online activity jumped. A similar situation was observed at the stage of the appearance of Inscriptions in the Bitcoin network.
Source: BitInfoCharts The function of the Inscriptions has been repeatedly criticized. In particular, the US National Vulnerability Database (NVD) has flagged the “inscriptions” created in the Ordinals protocol as a cybersecurity threat to the Bitcoin network. According to the warning, in some versions of Bitcoin Core and Bitcoin Knots, BRC-20 can bypass restrictions on the amount of data transferred through a transaction by disguising it as code. Being listed as an NVD means a cybersecurity vulnerability has been studied, cataloged, and deemed necessary for public attention.
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Recent developments have rocked the bitcoin market; Bitcoin leads the drop and pulls numerous altcoins down as well. Though often written off as a joke, Dogecoin (DOGE) has shocked several analysts with its relative steadiness amid the crisis.
DOGE Holds On While Others Fall While well-known players like Bitcoin and Ethereum have witnessed notable price declines, Dogecoin has been able to keep support. With some experts cautiously hopeful, this surprising resilience has spurred discussions about the direction of DOGE.
Analyst Predictions And Community Sentiment Analyst forecasts drive this cautious optimism; figures like Crypto Patel say DOGE may have a buying opportunity from the present price adjustment.
Patel’s study shows DOGE’s relative stability during the recent market slump, therefore placing it perhaps for future expansion against other altcoins that dropped more steeply.
#DOGECOIN Chart Update 🚀
Down before the big pump$DOGE best accumulation zone:
$0.1-$0.07. I’m targeting $1 and $2 in the long term.
To those who’ve held for the last 6 years, your profit is 6900x at ATH and the current ROI is still 1150x.
Reminder: I never suggest… pic.twitter.com/bXT63iQb8V
— Crypto Patel (@CryptoPatel) June 24, 2024
Patel has proposed a “accumulation zone” for DOGE between $0.07 and $0.10, therefore implying a possible long-term price goal much higher. Based on his projection, DOGE might eventually climb to $1 or maybe $2.
Through social media campaigns and fervent buying frenzy, the driven “Doge Army” has a history of raising prices. Positive analyst views like Patel’s could inspire renewed community interest that could drive a spike in trading activity and maybe cause the price to rise.
DOGE market cap at $17.7 billion on the daily chart: TradingView.com The Challenge Of Sustainability The long-term sustainability of Dogecoin still begs questions. Although memecoins are naturally fluctuating, their value is more typically related with hype and social media trends than with actual usefulness. Although a temporary pump is definitely feasible, long-term success depends on elements outside community excitement.
Widespread acceptance and practical applications are what Dogecoin needs to really become established. Progress has been slow even as engineers work on enhancements like the “Dogechain” scaling solution. If DOGE is to have long-lasting success, constant growth and interaction with main platforms will be absolutely vital.
The Road Ahead For DOGE Dogecoin will depend critically on the next months. Will it find a niche in the always changing bitcoin scene using its recent resiliency and community support? Alternatively will memecoins’ natural volatility finally cause them to fade?
Featured image from Sports Illustrated Vault, chart from TradingView
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On May 22, 2010, programmer Laszlo Hanyecz made history by spending 10,000 BTC on two pizzas — the first-ever real-world Bitcoin transaction. Since then, “Bitcoin Pizza Day” has become a symbolic celebration for the crypto community.
Fifteen years later, the symbolic power of this date has only deepened. On May 22, 2025, Bitcoin broke past $110,000 for the first time — and on the same day, President Donald Trump gathered the top 220 holders of $TRUMP for a private dinner.
The moment carried more than just fanfare — it marked a shift. As the most powerful figure in the world welcomed crypto believers into the halls of power, one face stood out under the spotlight: Justin Sun — Founder of TRON, Advisor to HTX, and the largest $TRUMP holder.
Justin and the Long Journey Toward Crypto MainstreamCrypto’s path from the fringes of the internet to the core of global politics is an epic marked by builders, believers, and long-term visionaries. When Laszlo posted his now-famous “pizza trade” on a forum in 2010, few could have imagined Bitcoin — or crypto — standing at the heart of U.S. political power just 15 years later.
This transformation was made possible by those who committed themselves to the cause, year after year. Justin is one of those rare figures who has never wavered. For over a decade, he’s not only stayed the course — he’s helped define it.
On the technical front, TRON has become one of the most active blockchain networks globally, especially in stablecoin payments. Millions of users rely on this foundation every day. On the cultural front, Justin has used his influence and HTX’s global brand to break crypto into the mainstream consciousness. From the legendary lunch with Warren Buffett to headline-grabbing art purchases, from a Forbes magazine cover to space travel giveaways for HTX users — Justin has consistently opened the window between the crypto world and the general public.
In recent years, Justin's strategy has expanded. He made two major investments totaling $75 million into World Liberty Financial (WLFI), the Trump family’s crypto project. He now serves as the project’s strategic advisor.
At TOKEN2049 in Dubai, Justin was seen in a relaxed conversation with Eric Trump. Not long after, WLFI’s stablecoin USD1 was listed on HTX.
Notably, all of this began long before Wall Street giants jumped into crypto — and well before the U.S. political establishment started seriously debating crypto regulation. Why was Justin so early?
“From the beginning, I believed that Donald Trump’s influence would bring a huge wave of positive momentum into space,” said Justin.
“As an advisor, I’m actively involved in providing insights and helping bridge the gap between crypto and traditional politics. Our objective is to establish a robust, long-term relationship with the Trump family and onboard individuals from traditional industries into Web3.”
Behind the Dinner: A New Chapter for CryptoIn his first term, Trump was openly skeptical of Bitcoin. But now, crypto has become a major card in his second-term agenda and a tool to rally next-generation voters. Hosting a dinner for $TRUMP holders sends a clear message: crypto is no longer a fringe asset — it is being embraced by political elites at the highest level.
And so, on the same day the world celebrates Bitcoin Pizza Day, Justin stood at the heart of American political power — carrying with him the hopes, infrastructure, and global vision of an entire industry. This was no coincidence — this was crypto’s rise from the edges to the center.
Justin was not just a guest — he was a messenger, a facilitator, and a representative of the broader crypto world. He extended an olive branch from Web3 to the traditional system — while guiding mainstream players into the blockchain era.
When Trump and Justin shook hands, the distance between crypto and the establishment closed just a little more. As crypto moves from being anti-establishment to influencing the establishment itself, leaders like Justin are helping write the new global rules of engagement.
With the Bitcoin Strategic Reserve Act passed, the GENIUS stablecoin bill under review, and Bitcoin reaching unprecedented heights, the future that crypto believers have long envisioned may now be arriving.
From Pizza to the Presidency — And BeyondBitcoin Pizza Day is not just a festive — it’s a reminder. That all great things begin with small steps: two pizzas, two dreamers, and a piece of code no one fully understands yet.
Today, as crypto leaders toast with a sitting U.S. president, the story continues — in a new form, on a new stage.
The only question now is: How will we write the next 15 years?
Justin is still running. And all of us — builders, traders, believers — are running with him.
This article was provided by our partner, HTX, and was originally posted on HTX.com.
Natalie Brunell has deemphasized the notion that Bitcoin would face a potential collapse by 2026. According to Brunell, she is more concerned with a collapse in the bond market or the current fiat system. Brunell explained that deflation is incompatible with the current fiat system. Award-winning journalist Natalie Brunell has deemphasized the notion that Bitcoin would face a potential collapse by 2026. Brunell expressed her opinion in a recent interview on FOX Business, stressing that she will be more concerned with a collapse in the bond market or the current fiat system.
According to Brunell, the current fiat system is built on credit, where the money in the bank is an IOU and someone’s liability. She said:
I would be more concerned with a collapse within the bond market or current fiat system because we live in a system built on credit. Our money in the bank is not our money. It is an IOU and someone’s liability.
Brunell further noted that deflation is incompatible with the current fiat system, citing that it would collapse, and the Federal Reserve (Fed) is trying to do everything possible to tighten the system. However, the media commentator believes the Fed doesn’t want deflation because it needs it to stay solvent.
According to Brunell, instead of worrying about a Bitcoin collapse by 2026, Bitcoiners are worried about the current system’s sustainability. According to her, celebrating falling inflation means that Americans are paying ridiculously higher prices for everything, and the rate of it getting more expensive is just slowing down and getting back to 2%.
The award-winning journalist questioned why Americans would need 2% of their purchasing power stolen yearly. She affirmed that instead, Bitcoiners want technological progress and productivity to flow to people. In addition, she noted that the Bitcoin community wants hard money instead of a system that is just based on credit. They want to invest in something that cannot be printed out of thin air and devalued.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
South Korea-based cryptocurrency exchange Upbit has announced new market support for the digital asset Clearpool (CPOOL). The exchange announced that CPOOL will be listed on KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs.
Upbit Announces New Market Support for Clearpool (CPOOL) According to the statement, CPOOL deposits and withdrawals will become active within 1 hour and 30 minutes of the announcement. CPOOL spot transactions will begin at 4:30 PM on October 22nd.
CPOOL will be traded on the Ethereum network. Upbit emphasized that users should carefully select the correct network before depositing assets. It warned that assets sent via different networks may not be processed and that the refund process may take longer.
During the new listing, various trading restrictions will be implemented to counter market volatility:
Buy orders will be closed during the first 5 minutes after the trade is opened.
Sell orders cannot be placed 10% below the previous day's closing price.
Only limit orders will be accepted for 2 hours after the start of trading.
Clearpool operates as a decentralized lending marketplace offering collateral-free lending to institutional investors. The project aims to strengthen the bridge between traditional finance and DeFi (decentralized finance). The platform provides institutional lending infrastructure through various products, including PayFi Vault, USDX Treasury Pool, Dynamic, and Prime lending pools.
The CPOOL token is used for staking, governance, and incentive mechanisms on the network.
With this move, Upbit aims to expand access to DeFi-based lending protocols and increase liquidity options for institutional users.
*This is not investment advice.
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
LunarCrush, a platform that uses artificial intelligence (AI) to analyze digital assets like cryptocurrencies, has revealed the list of Top 10 Layer-1 Projects by social activity. Social Activity consists of Engaged Posts and Interactions. These two measures are used to check the Social activity of cryptocurrencies. Bitcoin ($BTC) leads the Top 10 Layer-1 Projects by social activity.
In this ranking list, Bitcoin ($BTC) dominates the market with 294.9K Engaged posts and 161.6M Interactions. Simultaneously, Ethereum ($ETH) is the runner-up in this race with 101.8K Engaged Posts and 26.9M Interactions. This small difference between these Layer-1 Projects shows that both are still in demand in the crypto market. Phoenix Group has released this news through its official X account.
Solana Outshines Zcash, Cardano, and Sui in Engagement Solana ($SOL) and Zcash ($ZEC) got third and fourth position with 90.7K and 20.9K Engaged Posts, respectively. These Layer-1 Projects show a negligible difference in terms of Engaged Posts, about 69.8K. While moving to Interactions, the difference goes to 17.3K. Solana ($SOL) stands with 26.0M, and ($ZEC) at 8.7M in Interactions, respectively.
Moreover, two more Layer-1 projects got Posts in thousands by social activity. In this, the first one is Cardano ($ADA), gained 17.6K Engaged posts and 2.0M Interactions. Further, the next one is Sui ($SUI), positioned its-self with 11.9K Engaged Posts and 817.1K Interactions surviving in the market.
$BNB and $HYPE Lead Engagement Race as ICP & TAO Trail Closely Behind BNB ($BNB) and Hyperliquid ($HYPE) observed very close to each other in terms of Engaged Posts, with 9.6K and 8.8K, respectively. Moreover, they also show a huge minor difference in terms of Interactions, which is about 0.2M, and in this way, ($BNB) is placed with 1.0M and ($HYPE) with 1.2M in Interactions.
In addition, Internet Computer ($ICP) and Bittensor ($TAO) got second last and last position, respectively. In this race, both Layer-1 Projects got 8.5k and 8.5k Engaged Posts, and 1.1M and 1.1M Interactions, respectively.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming.
Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers.
“This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the investment vehicle stated.
The size of the deal was not disclosed. The latest funding comes just a week after Prosper also received an undisclosed “key investment” from Waterdrip Capital, a venture capital firm founded by Chinese blockchain-aimed entrepreneurs. At the time, Waterdrip also invested in Prosper’s PROS token. Following BIT Mining’s funding, PROS price gained 7%, soaring to $0.52.
Founded in 2021, Prosper is a decentralized protocol that leverages Bitcoin hashrate to unlock the full potential of the network by bridging institutional-grade mining power on-chain. The protocol allows PROS token holders to earn passive income through “limited-duration” staking reward campaigns.
In the future, to be eligible, PROS holders would need to engage in protocol governance by casting at least one vote every three months, either on BNB Chain (formerly Binance Smart Chain) or Ethereum.
Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).
[PRESS RELEASE – Cayman Islands, Cayman Islands, November 14th, 2024]
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to unlock the potential of Bitcoin fully. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).
November 14, 2024 – Cayman Islands, Cayman Islands
Prosper – a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming – today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM). Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community.
As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers.
In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors – including a recently announced investment by Waterdrip Capital – Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem.
This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing.
The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem.
Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing.
The company also owns seven-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin.
For more information, users can visit the website or follow on X.
George Town, Cayman Islands, November 15th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.
Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN
Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
George Town, Cayman Islands, November 15th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.
Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN
Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).
[PRESS RELEASE – George Town, Cayman Islands, November 15th, 2024]
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.
Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN
Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).
Prosper – a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming – today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer. Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for PROS token holders.
The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming.
Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and PROS token holders.
This also highlights Prosper’s value proposition as the only Web 3.0 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand Antminer, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions.
The company’s R&D (research and development) center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia and the United Arab Emirates.
About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming.
For more information, users can visit the website or follow us on X.
