The post Bitcoin Eyes Major Death Cross: Potential Price Scenarios appeared on BitcoinEthereumNews.com. Bitcoin saw a sharp drop on Tuesday, reaching a low of $102,422, having earlier traded at $107,482. At press time, Bitcoin was down 0.23% in the last 24 hours to $104,880, but up 2.80% weekly. Bitcoin’s recent price action follows a lull in the market amid October’s flash crash, with a bearish death cross — which occurs when the short term moving average MA 50 falls below the MA 200 — set to emerge in the coming days. The daily MA 50 is currently heading downward, raising the possibility of a death cross, the second of such occurrences this year, with the first in April. If confirmed, this would be the fourth Bitcoin death cross since 2023, with the last three occurring in September 2023, August 2024 and April 2025, indicating weak momentum in the short term. Key price levels Death crosses have proven unreliable on their own, with the previous three in September 2023, August 2024 and April 2025 marking a bottom for Bitcoin’s price. Whether history will repeat in this case remains unknown. According to Glassnode, at a current price of $104,880, Bitcoin is trading between the 0.85 and 0.75 cost-basis quantiles ($108,500 and  $100,600, respectively). Traders will be watching these two levels, which have previously acted as support and resistance, with a definite breach of any of the two likely to spell the next directional trend. Bitcoin might see increased volatility ahead if the price breaks above short-term resistance levels around $111,000 and $116,000. These two levels will also be watched. That said, Bitcoin is currently trading in a crucial inflection zone. The market sentiment remains cautious, with signs of a potential local bottom forming around $100,000. The range between $100,000 and $108,000 could form support in the midterm. Source: https://u.today/bitcoin-eyes-major-death-cross-potential-price-scenariosThe post Bitcoin Eyes Major Death Cross: Potential Price Scenarios appeared on BitcoinEthereumNews.com. Bitcoin saw a sharp drop on Tuesday, reaching a low of $102,422, having earlier traded at $107,482. At press time, Bitcoin was down 0.23% in the last 24 hours to $104,880, but up 2.80% weekly. Bitcoin’s recent price action follows a lull in the market amid October’s flash crash, with a bearish death cross — which occurs when the short term moving average MA 50 falls below the MA 200 — set to emerge in the coming days. The daily MA 50 is currently heading downward, raising the possibility of a death cross, the second of such occurrences this year, with the first in April. If confirmed, this would be the fourth Bitcoin death cross since 2023, with the last three occurring in September 2023, August 2024 and April 2025, indicating weak momentum in the short term. Key price levels Death crosses have proven unreliable on their own, with the previous three in September 2023, August 2024 and April 2025 marking a bottom for Bitcoin’s price. Whether history will repeat in this case remains unknown. According to Glassnode, at a current price of $104,880, Bitcoin is trading between the 0.85 and 0.75 cost-basis quantiles ($108,500 and  $100,600, respectively). Traders will be watching these two levels, which have previously acted as support and resistance, with a definite breach of any of the two likely to spell the next directional trend. Bitcoin might see increased volatility ahead if the price breaks above short-term resistance levels around $111,000 and $116,000. These two levels will also be watched. That said, Bitcoin is currently trading in a crucial inflection zone. The market sentiment remains cautious, with signs of a potential local bottom forming around $100,000. The range between $100,000 and $108,000 could form support in the midterm. Source: https://u.today/bitcoin-eyes-major-death-cross-potential-price-scenarios

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more