2026-01-07 Wednesday

Crypto News

Indulge in the Hottest Crypto News and Market Updates
SEI crypto Analysis: 24h breakout potential

SEI crypto Analysis: 24h breakout potential

The post SEI crypto Analysis: 24h breakout potential appeared on BitcoinEthereumNews.com. Traders are watching SEI as volatility dries up and SEI crypto trades in a tight range around a key support and resistance area. Daily bias: structurally bearish, tactically neutral SEI cryoto price is pinned around $0.14 in a market that is clearly nervous. Global crypto cap is down nearly 3% in 24 hours, fear is back at 29, and BTC dominance is pushing toward 57%. In other words, capital is hiding in majors while alt L1s like SEI are being left to drift. On the daily chart SEI is technically in a broad bearish regime, but the more honest description is “oversold, washed out, and going sideways.” Price is trading just under the 50-day and well under the 200-day, yet it is clinging to the 20-day and the mid-Bollinger at $0.14. That is classic late-stage downtrend behavior: trend is still down, but the easy short is gone and the market is deciding whether to base or break. This moment matters because volatility and range are compressed. Daily ATR is only about one cent, while hourly and 15-minute ATRs are effectively flat. When you see that kind of tightening after a prolonged decline, the next impulse move, up or down, is usually outsized relative to recent action. SEI is exactly in that kind of coiled state. Main scenario from D1: slightly bearish. The longer-term structure still points down: price is below the 50-day and 200-day EMAs, and the system labels the regime as bearish. However, momentum is no longer aggressively negative, and the oscillators are sitting in the middle of their ranges rather than screaming capitulation. Daily EMAs (trend structure) Price (close): $0.14 EMA 20: $0.14 EMA 50: $0.16 EMA 200: $0.22 Price is glued to the 20-day EMA, but still clearly below the 50-day and miles under the 200-day. That…
GameStop Bitcoin holdings value drop causes stock downturn, firm hints at selling BTC

GameStop Bitcoin holdings value drop causes stock downturn, firm hints at selling BTC

The post GameStop Bitcoin holdings value drop causes stock downturn, firm hints at selling BTC appeared on BitcoinEthereumNews.com. The video game retailer, which has invested in about 4,170 bitcoins, indicated it could sell some of its digital assets following its latest earnings report. GameStop Corp. (GME) saw its stock tank by over 5% this week as the value of its bitcoin holdings declined owing to the gloom of the ongoing crypto winter that has wiped 3.3% off the king coin’s value in the same period.  At the end of the third quarter on Nov. 1, the company’s Bitcoin stack was valued at $519.4 million. During the three-month period, the company recorded a $9.2 million loss on its digital asset holdings, after Bitcoin fell from over $122,000 to about $110,000 in the month of October, according to CoinGecko data. GameStop held onto its 4,710 BTC despite the steep drop in BTC prices, which was the same quantity it purchased between early May and mid-June. The company acquired the tokens using proceeds from a $1.3 billion debt offering announced in March. If the retailer was to sell its whole stash during Bitcoin’s all-time high peak of about $123,000 per coin, it would have collected a 12% profit from its holdings. But at current prices, the coins have taken a 2.7% slump since May 28. Bitcoin investment performance rags GME stock down When GameStop purchased $512 million worth of Bitcoin in May, its stock was valued at $35, its highest year-to-date price level. It has declined gradually by roughly 30% since then, dropping from $33 to $23.35 ahead of the earnings call.  The third-quarter report revealed the Bitcoin treasury had decreased in value by almost $10 million over three months, although the firm recorded $19.4 million above its initial investment. The company confirmed that it had not bought or sold any Bitcoin during the quarter. The decline in valuation came on…
Top Three Altcoins That Might Benefit From the Fed Rate Cut

Top Three Altcoins That Might Benefit From the Fed Rate Cut

The post Top Three Altcoins That Might Benefit From the Fed Rate Cut appeared on BitcoinEthereumNews.com. Key Insights: Zcash happens to be one of the top three altcoins because its strong negative correlation with Bitcoin can help it gain if BTC stays weak. Uniswap may benefit as money moves toward DeFi after the rate cut, supported by steady whale buying and rising DEX activity. Monero shows strong short-term strength, a negative 7-day correlation with Bitcoin, and clear breakout levels on the chart. The Fed rate cut of 25 bps pushed the crypto market into a mixed mood. Bitcoin stayed weak because the cut was already priced in. When this happens, the top three altcoins that move differently from Bitcoin is likely to witness a boost. Some DeFi tokens can also do well because crypto community look for safe ways to earn instead of taking large spot positions. Here are the top three altcoins that might benefit from this setup. Zcash Leads the Top Three Altcoins if Bitcoin Stays Weak Zcash often moves in the opposite way to Bitcoin. The one-year correlation stayed close to –1.0. This means Zcash rises many times when Bitcoin falls. Plus, privacy coins like ZEC have done well recently, despite the broader market being volatile. The 25 bps rate cut was priced in for weeks. So traders sold Bitcoin after the event. If Bitcoin keeps falling, Zcash can gain from the opposite move. BTC & ZEC Correlation | Source: DeFiLlama Zcash dropped 8% today, but still moved up around 13% this week. The chart shows the most important level at $573, which is the 0.618 Fibonacci level. If Zcash breaks above $573, it can open a larger move. It is worth noting that the ZEC price has taken support against the ascending trendline, making the pattern still bullish enough for a higher push. Zcash Price Among Top Altcoins to Watch | Source:…