Analyst Jason Pizzino warns that Ethereum (ETH) may drop over 47% from its current price of $2,231, citing a bearish double-top pattern on the weekly chart. He suggests potential downside targets between $1,600 and $1,200, indicating a lack of bullish momentum. Investors are advised to exercise caution.
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0 posts last weekBybit and Solana Summit Highlight Community Engagement and SVM Innovations for 2025
Bybit Web3 served as the exclusive livestream partner for Solana Summit 2025, highlighting the importance of community engagement and SVM-powered dApps in addressing scalability challenges. Panel discussions emphasized that successful projects must empower communities beyond financial incentives, while SVM applications are crucial for enhancing transaction speeds and user experiences on Solana. As Web3 adoption accelerates, Bybit remains committed to bridging users and developers in the evolving decentralized finance landscape.
read moreHouse Committee Moves to Repeal IRS Tax Rule on DeFi Platforms
The House Ways and Means Committee has advanced a resolution to repeal the IRS’s tax reporting rule for decentralized financial (DeFi) platforms, which critics argue imposes an unfair burden on the crypto industry. The resolution, passed 26-16, now moves to the full House for consideration. Proponents claim the rule could cost the U.S. $3.9 billion over a decade, while opponents defend it as necessary for tax compliance.
read moreRobinhood Expands Crypto Ambitions After SEC Investigation Closure
Robinhood announced that the SEC has dropped its investigation into the firm’s crypto business, reflecting a shift in regulatory attitudes towards digital assets. With plans to expand globally, Robinhood aims to enhance its crypto offerings, including a $200 million acquisition of Bitstamp, while maintaining its core brokerage services. The company is optimistic about clearer US regulations that could facilitate faster innovation in the crypto space.
read moreJason Fang and the Growth of Bitcoin Adoption in Asia
Jason Fang, founder of Sora Ventures, is a pivotal figure in advancing Bitcoin adoption across Asia, launching a $150M fund to support companies in implementing Bitcoin-based treasury strategies. His journey from Fenbushi Capital to establishing Sora Ventures highlights his belief in blockchain as a transformative force in finance. Through mentorship and strategic investments, Fang aims to foster innovation and influence societal change in the blockchain sector.
read moreCrypto Analyst Predicts Market Cycle End with Targets for Bitcoin Ethereum and Sui
Analyst Jason Pizzino warns that the crypto market may be nearing the end of its cycle, suggesting limited upside for Bitcoin, which has surged 500% since November 2022. He predicts Ethereum could rise to between $8,000 and $10,000, while Sui may see a potential rally of over 190%.
read moreDeepSeek’s Low-Cost AI Disrupts Nvidia and the Tech Industry
NVIDIA’s stock plummeted 16%, losing $600 billion in market value, as Chinese AI startup DeepSeek showcased its low-cost, high-performance AI model, outperforming competitors like OpenAI. This shift has triggered a $1 trillion slump in the U.S. tech sector, raising concerns over the effectiveness of U.S. export controls on advanced hardware. DeepSeek’s success highlights the inefficiencies in the industry’s approach to AI development, prompting discussions about national security and transparency.
read moreOsprey Funds Plans to Convert Bitcoin Trust into ETF Following Acquisition Termination
Osprey Funds plans to seek SEC approval to convert its Osprey Bitcoin Trust (OBTC) into an ETF following the termination of its acquisition deal with Bitwise Asset Management. The firm will file a Form S-1 registration statement soon, as OBTC currently tracks Bitcoin’s price without holding the asset and has $181 million in assets under management. Despite recent gains, OBTC’s unit price remains below its all-time high of $50 from February 2021.
read moreBitcoin Price Predictions for 2025 Experts Expect New Record Highs
Bitcoin has reached $100,000 and experts predict it could double to $200,000 or even $250,000 in 2025, driven by pro-crypto regulations and increasing adoption. However, volatility remains a concern, with some analysts cautioning about potential market corrections.
read moreBitcoin’s Path to New All-Time High Predicted by Analyst Jason Pizzino
Cryptocurrency analyst Jason Pizzino predicts that Bitcoin will likely remain below its all-time high of approximately $108,200 for over a week but less than six months. He anticipates a potential breakout in early 2025, around the inauguration of President-elect Donald Trump, with significant upward movement expected by late January or February. Currently, Bitcoin is trading at $94,528, about 13% below its record high.
read moreUS Government’s Bitcoin Transfer Sparks Criticism and Strategic Concerns
Observers criticize the US government’s decision to transfer $1.9 billion in Bitcoin to Coinbase, labeling it a “huge strategic mistake.” Experts argue that selling Bitcoin is ill-advised, with concerns about the government’s understanding of the asset’s significance. While the transfers may be custody actions rather than sales, the US still holds approximately 183,850 BTC valued at around $17.7 billion.
read moreUS Government’s Bitcoin Transfer Sparks Criticism from Crypto Industry Leaders
Observers have criticized the US government’s decision to transfer $1.9 billion in Bitcoin to Coinbase, labeling it a “huge strategic mistake.” Experts argue that selling Bitcoin undermines its value and significance, with concerns about potential future justifications for reclaiming sold assets. Currently, the government holds approximately 183,850 BTC, valued at around $17.7 billion.
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