A notable prediction suggests that cryptocurrencies like FIL could experience significant price surges, similar to past movements of other coins. The recommendation is to invest in 100 FIL on the spot market and hold for 2-3 years, especially with the CEO’s participation in a summit focused on crypto regulation in the U.S.
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El Salvador President Rejects IMF Bitcoin Purchase Restrictions
El Salvador’s president Nayib Bukele has firmly rejected the IMF’s recent request to halt government Bitcoin purchases, asserting that the country “won’t stop” buying the cryptocurrency. Despite the IMF’s call for a “ceiling of 0” on government acquisitions and a ban on voluntary accumulation, Bukele emphasized the nation’s commitment to Bitcoin, stating, “If it didn’t stop when the world ostracized us, it won’t stop now.” El Salvador currently holds over 6,100 Bitcoin, valued at more than $527 million.
read moreBitcoin Struggles Below Key Support Levels Amid Market Volatility and Uncertainty
Bitcoin is currently trading around $83,700, struggling to regain momentum after a brief rally to $95,000 following President Trump’s pro-crypto announcement. The market remains volatile, with key support at $85,000; failure to hold this level could lead to deeper corrections. Despite bearish sentiment, on-chain activity suggests the broader bull trend may still be intact, pending improved U.S. sentiment and stronger market catalysts.
read moreMarket Reactions to Tariffs Impact Bitcoin and Altcoin Prices
Bitcoin has experienced a significant drop of 10% in the past 24 hours, coinciding with the U.S. tariffs on Canada and Mexico, impacting risk assets. While Bitcoin’s price has fallen below $84k, analysts suggest the bull cycle may continue despite current market conditions.Top altcoins like XRP and SOL have also seen declines, with XRP down 15% and SOL down 19%. However, the presale of Bitcoin Pepe (BPEP), aiming to create a meme Bitcoin layer 2, has garnered attention, raising nearly $3.7 million, with its price currently at $0.0255.
read moreBitcoin Faces Critical $75K Support Amid Trade War Concerns
Bitcoin is facing significant downside risk as it drops below the crucial $80,000 support level, currently trading around $79,856. Analysts warn that if it fails to hold the $75,000 support, a further decline to $70,000 could occur, driven by macroeconomic concerns linked to potential US-China trade tensions. Despite the bearish sentiment, some believe a plunge to $70,000 is less likely without new catalysts, as institutional buying may provide some stability.
read moreBitcoin Faces Panic Selling Amid Market Correction and Uncertainty
Bitcoin (BTC) is currently trading below $90K, experiencing a significant correction with a 14% drop in three days, leading to panic selling among investors. Despite fears of a bear market, experts suggest that such pullbacks are typical in bull cycles, urging investors to avoid emotional trading and maintain a clear strategy. Key support levels are being tested, with the next crucial phase dependent on whether BTC can stabilize above $86,400 and reclaim the $90K mark for a potential recovery.
read moreBitcoin Indicators Signal Uncertainty as Market Faces Potential Bull-Bear Shift
Bitcoin on-chain indicators are currently at a critical bull-bear boundary, with the next month or two being pivotal for market direction, according to CryptoQuant CEO Ki Young Ju. He anticipates the bull market could last until April 2025, but warns that if demand does not recover, a downtrend may emerge. Bitcoin is trading at $84,400, reflecting a 2.4% decline, amid significant institutional outflows and rising inflation concerns.
read moreCZ Declares No Plans for New Crypto Projects While Supporting Founders
Changpeng Zhao, co-founder and former CEO of Binance, announced he will not launch a new crypto project but will instead support other founders in the industry. Despite recent market volatility, he remains optimistic about Bitcoin’s future, having sold no crypto during the downturn. Bitcoin has begun to recover after a significant drop, currently trading at $86,380.
read moreExplosive Investment Potential of RXS and XRP in Cryptocurrency Market
Rexas Finance (RXS) and Ripple (XRP) are positioned for significant growth, with RXS’s innovative hybrid approach combining AI and tokenization, and XRP benefiting from ETF approvals and institutional adoption. Analysts predict XRP could reach $15, while RXS may surge from $0.25 to $40 by 2026, making both assets attractive for investors seeking high returns.
read moreBybit CEO Explores Ethereum Rollback After Major Hack and Fund Recovery Efforts
Bybit CEO Ben Zhou is exploring options to recover funds stolen in the recent Lazarus Group hack, including a bounty program of up to $140 million for white hat hackers. He suggested that any potential rollback of the Ethereum blockchain should involve community voting, reflecting on the precedent set by the 2016 DAO hack. The Lazarus Group currently holds around 489,395 ETH, valued at approximately $1.3 billion, and has been moving the stolen assets to obscure their origin.
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