Author: John Smith
Pi Network price remained in a tight range this week, even as Bitcoin and other altcoins plunged. Summary Pi Network price remains in a deep consolidation this week. Bollinger Bands and the Wyckoff Theory suggest a potential rebound. The bullish outlook is supported by the ongoing whale accumulation. Pi Coin (PI) token was trading at $0.2250 today, inside a range it has remained in the past few weeks. This article explores the top three reasons why the token is ripe for a bullish breakout. Pi Network price technicals points to a rally The daily timeframe chart shows that the Pi…
ICP, HYPE, ASTER Gain as Bitcoin Falls Below $90,000 Bitcoin fell below $90,000, hitting its lowest level in seven months, with most major cryptocurrencies losing value. Despite the market slump, ICP, HYPE, and ASTER posted notable gains, defying broader crypto declines. The total crypto market capitalization slid sharply, but weekend trading was quieter, with select altcoins showing resilience. Bitcoin experienced continued price declines over several days, dropping below $90,000 in recent trading, according to market data. Most altcoins followed the downward trend, though several tokens posted gains against the broader market movement. The primary cryptocurrency entered November at elevated levels…
Can Bitcoin regain momentum after forming a death cross, or will the setup echo the extended weakness seen in 2022? Summary Bitcoin has formed a death cross after falling below its 50-day and 200-day moving averages. Analyst Ali Martinez points to historical cycles and MVRV data to outline possible lower levels if weakness continues. Egrag Crypto disagrees, arguing that moving averages have lost reliability and that the market remains intact above long-term support. Bitcoin has entered a technical pattern commonly known as a death cross, as its short-term moving average has fallen below its long-term moving average. The formation appeared…
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? Summary The White House is reviewing a proposal that would allow the IRS to access U.S. taxpayers’ crypto activity on foreign platforms. The move follows an earlier administration report recommending alignment with global reporting standards to improve tax compliance. The White House stressed that any new rules should avoid additional reporting burdens for decentralized finance transactions. The White House is examining a proposed rule that would give the Internal Revenue Service access to data on U.S. taxpayers’ digital asset…
Bitcoin dropped below $90,000, intensifying a month-long decline that has wiped out its 2025 gains and shaken confidence across the digital-asset space. Summary Bitcoin fell below $90,000, marking a significant drop that has wiped out its 2025 gains, continuing a month-long downtrend from its October peak of over $126,000. The downturn is attributed to growing economic concerns, including uncertainty over interest rate policies and overvaluation in speculative markets, causing traders to reassess risk. A selloff in October triggered over $19 billion in liquidations, and retail participation has faded, with institutions and digital-asset treasuries under pressure to adjust their positions as…
Bitcoin tumbled below $91,500 on Monday, deepening a selloff that has wiped out all its year-to-date gains, while the total crypto market capitalization free falls at least 30% since October 6. Summary Traders are increasingly betting on continued declines in Bitcoin, with a surge in demand for downside protection, particularly around key levels like $90,000, $85,000, and $80,000. A sentiment index shows “extreme fear” in the market, while corporate crypto treasuries face pressure to sell assets to protect balance sheets. El Salvado, meanwhile, added 1,091 Bitcoin, worth over $100 million, during the market dip. Economic factors, including Nvidia’s earnings report…
President Trump recently declared that making America “number one in crypto” is a top priority. This lofty goal hasn’t exactly helped Bitcoin, which has plummeted 25% in just one month, leaving Americans juggling inflation, student loans, and health care premiums while watching digital gold stumble. Summary Despite Trump’s push for America to lead in crypto, Bitcoin has plunged 25% in the past month. Institutional outflows and extreme leverage have amplified liquidations, creating a volatile and hypersensitive market. Ethereum and other altcoins have also taken heavy losses, while safe-haven gold has outperformed Bitcoin, highlighting investor caution. Crypto markets have endured a…
Binance Coin extended its weekly decline on November 17, dropping after a pullback in the last 24 hours, according to market data. The cryptocurrency traded firmly below a key psychological level, reflecting broader market stress across large-cap digital assets. The dip comes amid growing scrutiny of Binance, especially after its founder, Changpeng Zhao, received a controversial pardon from President Trump, raising questions about potential pay-to-play allegations. Summary Binance Coin extended its weekly decline on November 17, trading below a key psychological level as market stress impacted large-cap digital assets. A jump in 24-hour trading volume amid falling market cap indicated…
Pi Network has established a clear double bottom at $0.21, with bullish volume defending support twice. A breakout above $0.23 may trigger a relief rally to $0.25. Summary $0.21 support defended twice with increasing volume Break above $0.23 confirms double bottom structure Next upside target sits at $0.25 resistance Pi Network’s (PI) price action has turned technically significant as the asset confirms a double bottom at the $0.21 support level. This structure has now held twice, supported by increasing bullish volume, indicating sustained demand at lower levels. With the price starting to reclaim short-term resistance zones, traders are now watching…
The crypto market crash continued its downtrend today, Nov. 17, as the Fear and Greed Index plunged to extreme fear and stablecoin exchange outflows jumped. Summary The crypto market crash continued on Monday, with Bitcoin falling below $93,000. Stablecoin exchange outflows have accelerated in the past few months. The decline happened as the Crypto Fear and Greed Index moved to the extreme fear zone. Bitcoin (BTC) price dropped below $94,000 for the first time since May 6, while Ethereum (ETH) plunged to $3,020. Some of the top laggards were tokens like Dash, Decred, Telcoin, and Aerodrome Finance, which dropped by…