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Established in 2013, NewsBTC is a premier news service for the cryptocurrency industry. It focuses on Bitcoin news technical analysis and blockchain reviews, serving as a trusted resource for global investors seeking market depth.

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Institutions Have Been Buying Solana Every Day For 2 Weeks, Is $300 Possible?

Institutions Have Been Buying Solana Every Day For 2 Weeks, Is $300 Possible?

Institutional capital is circling back to Solana (SOL) as Spot Exchange Traded Funds (ETFs) open the gates to a new wave of inflows. Solana’s resurgence has caught the attention of the broader crypto community, recording consistent daily inflows and experiencing momentum it has not seen in months. The question now remains whether this steady buildup of institutional accumulation could eventually propel SOL’s price toward the $300 mark.  Solana Records 11 Days Of Consecutive ETF Inflows The Solana price is currently hovering above $156, roughly half of its ATH of just over $294 set in January 2025. Over the past few months, the altcoin has experienced significant volatility, including a 20% decline in the last month. During this period, there was little news to drive the market. However, the recent surge in SOL ETF activity could signal a potential turnaround for Solana’s price.  Related Reading: Institutional Investors Are Buying XRP And Solana At An Accelerated Rate While They Dump Bitcoin According to data from SoSoValue, US Spot Solana ETFs have witnessed a cumulative total net inflow of $350.47 million in less than two weeks. This suggests that institutions have been buying Solana ETFs every single day since its launch, signaling confidence in the current volatile market.  Today, the daily total net inflow of Solana ETFs reached $7.98 million, approximately $1.2 million higher than the previous day’s $6.78 million. SoSoValue’s chart shows that the highest daily inflow during the past 11 days occurred on November 3, when Solana ETFs drew an impressive $70.05 million from both Bitwise and Grayscale.  Bitwise’s BSOL ETF has been the primary driver of this steady inflow, accounting for $331.74 million of the total, while Grayscale’s GSOL ETF contributed a modest $18.72 million. The data underscores that institutions are not only showing interest in these new crypto investment products but are actively establishing long-term positions in Solana exposure. Considering Bitcoin ETFs drive the cryptocurrency’s price to former ATHs in 2024, Solana could see a similar response if ETF inflows remain strong and the broader market sentiment stays positive. While it remains unclear whether the cryptocurrency can reach $300, the steady accumulation from institutions provides a constructive foundation for future price appreciation.  Grayscale Expands Trading Access With Solana ETF New reports reveal that Grayscale has added another layer of optimism to the SOL news by announcing that options trading for its Solana Trust ETF is not yet live. This provides investors with additional opportunities to gain exposure to the cryptocurrency, manage risk, and trade around Solana’s price movements.  Related Reading: Solana To Dethrone Bitcoin And Ethereum? Here’s How The First SOL ETFs Are Faring Grayscale has announced that the Solana Trust will offer 100% staking, zero fees, and an average staking rewards rate exceeding 7%, making it an attractive option for investors seeking both exposure and yield. As Grayscale’s new moves strengthen Solana’s presence in the digital asset landscape, the introduction of options trading could also improve liquidity for the cryptocurrency. Featured image from Pixel Plex, chart from Tradingview.com

Bitcoin Loans Usher In a New BTC Era – Bitcoin Hyper Tipped as the Next 1000x Crypto

Bitcoin Loans Usher In a New BTC Era – Bitcoin Hyper Tipped as the Next 1000x Crypto

What to Know: Bitcoin loans mark a shift from passive holding to active $BTC deployment, broadening access and reinforcing Bitcoin’s monetary role.  Active $BTC lending can tighten liquidity loops: more collateralization, deeper markets, and stronger institutional incentives to hold $BTC.  Bitcoin Hyper aims to make $BTC fast and programmable via an SVM-based Layer 2 with ZK settlement to Bitcoin.  $HYPER’s strong presale momentum and large whale purchases fit perfectly into the current $BTC-focused cycle – one that’s fueled by real utility rather than pure hype. A Canadian Bitcoin-native company just issued its first Bitcoin-backed loan. That’s not a small tweak to the status quo. It’s a signal that $BTC is edging from ‘digital gold’ into an active financial asset, one that non-crypto users can finally access through a familiar product: lending. The firm’s goal is simple: accumulate $BTC and deploy it productively, yet the implication is big. More ways to borrow and build with Bitcoin usually mean stronger demand, deeper liquidity, and a broader user funnel. This design shift matters because utility beats narrative over a full cycle. Loans let institutions put idle $BTC to work and give businesses a way to leverage $BTC without selling it. The feedback loop is obvious: lending platforms attract borrowers, borrowers source $BTC, hodlers see new yield paths, and liquidity improves for everyone. Every service that treats $BTC as collateral, rather than a speculative asset, boosts its monetary credibility. That sets a timely backdrop for Bitcoin Hyper ($HYPER), a $BTC-centric Layer 2 project built to make Bitcoin fast, programmable, and dApp-ready, and one many investors are already eyeing as the next 1000x crypto. If Bitcoin is stepping into mainstream finance, a chain that bridges $BTC into high-throughput smart contracts sits right in the slipstream. Bitcoin Hyper ($HYPER) Turns $BTC Into A High-Speed, Programmable Asset Bitcoin Hyper ($HYPER) proposes a Bitcoin Layer-2 that uses an SVM-based execution environment, canonical bridging, and ZK proofs to move $BTC at near-instant speed with low fees. The aim is to retain Bitcoin-grade security while unlocking staking, DeFi, and on-chain apps for $BTC itself. This approach directly addresses a pain point that lending alone can’t solve: throughput and programmability on Bitcoin. If loans expand demand for $BTC as collateral, a performant L2 expands what that collateral can actually do. The flow is straightforward. Users bridge $BTC, transact on Layer 2 with high throughput, then periodically settle back to Bitcoin L1 with cryptographic proofs. In practice, that means cheaper payments, faster markets, and room for dApps that rely on programmability without compromising the trust people expect from Bitcoin. The more services reference $BTC, like the newly launched loans, the more a generalized execution layer becomes useful for builders who prefer to stay within the Bitcoin ecosystem rather than porting value elsewhere. Utility also needs clear developer pathways. The $HYPER whitepaper emphasizes developer experience, observability, and infrastructure, enabling teams to ship quickly. If the project can make building on $BTC feel familiar to teams used to modern VM stacks, it lowers switching costs and accelerates innovation. That’s the kind of narrative institutions understand: faster rails, safer settlement, and broader use cases. Get on the $HYPER train before it’s too late.  Presale Momentum Meets A $BTC Lending Tailwind Momentum is real. The Bitcoin Hyper presale has reached $26.9M, and you can buy $HYPER right now for just $0.013265. That’s a solid show of demand for a $BTC-first L2 at a time when Bitcoin’s financialization is visibly accelerating. If lending adoption widens the $BTC gateway, $BTC-native infrastructure stands to benefit directly. On-chain activity adds another datapoint. A recent transaction sent about 63.8 ETH, roughly $226K, into the presale contract, resulting in a transfer of 16.8M HYPER. While one whale doesn’t define a market, large buyers usually do their homework and often act as early liquidity. That fits the pattern of growing presale participation and the broader rotation toward $BTC-aligned narratives. What does the $HYPER price prediction look like in simple terms? Using the current price as a base, a year-end 2025 target of $0.02595 implies roughly 1.96x from here if the team delivers core milestones and listings. A 2026 scenario at $0.08625 would be about 6.51x if the DAO and incentive programs mature as planned. As Bitcoin-backed lending marks a new phase in $BTC’s financial integration, Bitcoin Hyper stands out as the infrastructure built to support that momentum. With its Layer 2 approach and growing presale, $HYPER could play a key role in turning the latest Bitcoin lending headlines into lasting on-chain utility. This article is for informational purposes only and doesn’t constitute financial advice. Always do your own research (DYOR) before investing in crypto. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/bitcoin-loans-usher-in-a-new-btc-era-bitcoin-hyper-tipped-as-the-next-1000x-crypto

Bitcoin Supply-Loss Chart Flashes Possible Bottom Signal — Is Reversal Emerging?

Bitcoin Supply-Loss Chart Flashes Possible Bottom Signal — Is Reversal Emerging?

The cryptocurrency market has weathered a challenging period, testing the resolve of the most seasoned investors. After a prolonged period of downward pressure, the Bitcoin Supply-Loss Chart is flashing a possible bottom signal. A Deeper Look At Bitcoin Supply In Loss Chart Bitcoin on-chain data on the loss chart is currently flashing a possible bottom. In an X post, CryptosRus has revealed that the supply in the Loss metric chart tracks the total amount of BTC held by addresses where the current market price is below the average cost basis of those holdings. Essentially, the portion of BTC owners is currently underwater on their investment. Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point As a sentiment indicator, the high levels of supply in the Loss chart typically signal fear, capitulation selling, and potential market bottoms. In addition, the low levels indicate broad profitability and market greed. On April 7, 2025, when BTC traded around $74,508, the supply in loss was 5.159 million BTC. By November 5, 2025, even with BTC rising to $98,966, the supply in loss had also increased to 5.639 million BTC. During mid-2024, a similar situation reportedly occurred, marking the bottom at that time. The expert also outlined particular areas on the chart marked as 3, 4, and 5, which show uncanny similarities. Furthermore, in October 2025, recent lows showed a sharp spike in losses amid volatility, with approximately 30% of supply going underwater. On the chart, the yellow boxes highlight a rapid build-up, which has been a potent precursor to the market bottom. Currently, the supply in the loss has climbed to 28% and 33%, which is equivalent to 5.5 million BTC to 6.5 million BTC, matching the October endpoint on the chart and echoing the correction patterns seen in 2024. CryptosRus concluded that this may bring short-term bearish pressure, but it could flush out the final weak holders, opening the way for a bounce in Q4 and Q1 2026. The Accumulation Phase Before The Breakout Bitcoin has experienced three major corrections in this cycle, and each one has eventually led to a new all-time high after months of conviction. According to an analyst known as 0xBossman, this correction is no different, and each of these corrections has been brutal in its own way. BTC’s market flushed out the leveraged traders, resulting in them losing it all. Related Reading: Bitcoin Bull Market Peak Indicators Says Hold Despite Crash Below $100,000, What’s Happening? Meanwhile, the boredom that comes as a result of these corrections is what has led to the bearish sentiment. The market feels indecisive, and altcoins have bled. Thus, 0xBossman advised that traders should step back and realize that this consolidation will end with a massive green candle. Featured image from Getty Images, chart from Tradingview.com

Canary Capital’s $XRP ETF Is Imminent. $SUBBD Could Be Next In Line

Canary Capital’s $XRP ETF Is Imminent. $SUBBD Could Be Next In Line

What to Know: An $XRP spot ETF listing widens regulated access to altcoins, which usually tightens spreads and deepens liquidity across adjacent sectors. Canary’s 8-A form points to a Thursday debut; $XRP already saw a price pop and volume surge into the launch window. SUBBD introduces on-chain subscriptions, token-gated content, and AI assistants that turn creator-fan interactions into repeatable transactions. The presale sits at over $1.33M, with $SUBBD valued at $0.056925 and staking at a fixed 20%. Canary Capital’s spot XRP ETF has cleared the last major hurdle and is now teed up to begin trading on the Nasdaq as early as Thursday, with listing references pointing to the ticker ‘XRPC.’ $XRP reacted on cue, notching an intraday jump of up to 10% while 24-hour trading volumes swelled by roughly 40%, sending spot prices near $2.43. The timing isn’t random. In September, US exchanges won the ability to use generic listing standards for spot crypto ETFs, compressing timelines that used to drag on for months. That rule change opened the door for non-$BTC assets to follow, and the first wave has already shown how fast the playbook can run once the plumbing is in place. 💡 If $XRP joins $ETH and $SOL in the ETF club, altcoin liquidity broadens, spreads tighten, and flows begin migrating from pure crypto rails to brokerage accounts. That’s real market structure change, not just another narrative. And for $XRP, that’s payments and creator-facing commerce where fast settlement and low fees matter. This is where one of the season’s better-positioned presales, SUBBD Token ($SUBBD), is pitching utility instead of vibes: an AI-powered creator subscription stack with on-chain payments, content gating, and baked-in rewards. $XRP ETF Opens The Floodgates For Altcoin Liquidity A confirmed listing path for an $XRP spot product means passive money can finally ‘buy the basket’ of large-cap alts without dealing with self-custody. Canary’s trust moved forward after a Form 8-A filing – typically the final procedural check before trading – while market monitors flag a Thursday go-live window. That backdrop should play well for projects tied to real spend. 💡 SUBBD’s design is straightforward: creators sell subscriptions, fans unlock content and features, and $SUBBD settles the exchange while powering perks like discounts, XP multipliers, and early feature access. The team frames it as an AI-driven layer for the already-massive subscription content market. This includes native token incentives that reduce platform take rates and keep more earnings with the people actually making the content. If ETF flows are the macro tide, platforms that turn that liquidity into daily transactions are the shoreline. The SUBBD ecosystem is one of them. SUBBD Turns Creator Subscriptions Into On-Chain Utility On the product side, SUBBD ($SUBBD) ships the elements most creator platforms still duct-tape: payments, token-gated content, and AI assistants to handle requests, chat, and simple management chores. Holders pay less for subscriptions, stake to amplify XP and rewards, and gain access to exclusive drops and beta features. 🔄 For top creators, staking also unlocks VIP perks and collaboration opportunities. It’s a clean loop: pay, participate, earn, repeat – all recorded on-chain for better transparency. The $SUBBD whitepaper lays out an ecosystem where the $SUBBD token is the medium of exchange and the incentive rail, with staking and gamification stitched directly into the product rather than bolted on. Tokenomics mirror that utility focus. Allocations reserve a dedicated pool for staking rewards and liquidity, with the rest split across development, marketing, airdrops, and community incentives. Staking is live at a fixed 20% rate during presale, with a short cooldown after claiming. It’s the kind of predictable reward that helps creators and fans set expectations while the platform ramps. If you want a token built around actual usage – paid subscriptions and content access – this is the pitch, so get your $SUBBD today Presale Math And The Near-Term Upside The presale has raised $1.33M+, with a current token price of $0.056925 and staking rewards locked at 20% APY. 💰 $SUBBD’s potential is massive, though. Our price prediction for $SUBBD sees a possiblw 2026 high of around $0.668, which – if reached – implies roughly 11.6x gains from the current presale mark. That’s an ROI of 1,073%. The estimates lean on standard drivers: user growth, exchange access, and delivery of the AI tooling that turns creators into full-stack micro-businesses. None of that is guaranteed, but the path is more practical than many presales. The $XRP ETF matters here because liquidity attention tends to cascade. Payments-adjacent and creator-commerce projects sit close to XRP’s core utility narrative, so they often see spillover when fresh ETF demand hits the tape. If $XRP volumes lift and spreads compress, user-facing apps with low-friction payments usually benefit next. $SUBBD is positioning for that moment with a working economic loop and clear rewards. The first steps have already been taken, as the project has already onboarded the 2K+ of the top content creators, bringing a combined following of 250M+. So, read our guide on how to buy $SUBBD and head to the official presale website for more information. 🚀 The conclusion is simple: buy $SUBBD today before the train leaves the station. Disclaimer: This isn’t financial advice. Always do your own research before making any investment decision. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/xrp-etf-launch-canary-capital-subbd-token-presale

3 Top Trending Crypto to Watch as Tether Records Big Profits

3 Top Trending Crypto to Watch as Tether Records Big Profits

What to Know: Tether’s new commodities desk and expanding gold reserves show crypto’s largest stablecoin is morphing into a broader financial platform. Tether’s recent Q3 report showcases profits north of $10B and a balance sheet of over $181B. For traders seeking trending crypto, infra plus utility shines: Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and Polkadot ($DOT) align with this shift. $DOT offers cross-chain optionality near multi-year value zones as flows broaden beyond ETH/SOL; watch ecosystem execution. Tether just signaled it’s not content being ‘only’ a stablecoin giant. In a headline-grabbing move, the company poached HSBC’s top precious-metals executives to build a commodities desk, an unmistakable push into the bullion trade. Vincent Domien and Mathew O’Neill, senior metals leaders at HSBC, are set to spearhead the new unit, according to a Bloomberg article. That’s the crypto world stepping directly onto TradFi’s most guarded turf. Why now? The firm’s latest attestation shows year-to-date profits above $10B, excess reserves of $6.8B, and double-digit billions in gold and bitcoin on the books—financial firepower that turns experiments into strategy. With a balance sheet of over $181B, liquidity ripples across crypto. For now, momentum is pointing sideways, but historically, fresh institutional rails have opened new speculative lanes. That’s why capital is hunting narratives with clear catalysts—the kind that could benefit Bitcoin scaling plays, utility tokens tied to wallets, and high-beta layer-zero ecosystems. With that as a context, here are three crypto to watch as this story unfolds. 1. Bitcoin Hyper ($HYPER) – Bitcoin Rollup Narrative With SVM Firepower If Tether is normalizing real-world collateral on-chain, the next crowd-pleaser is throughput: cheap, fast execution secured by Bitcoin. Bitcoin Hyper ($HYPER) pitches exactly that, an SVM-powered rollup aligned to $BTC settlement, aiming to make Bitcoin app-usable without impacting its security. The project’s documents and public dev notes emphasize native Solana-program compatibility, sequencing research, and a rollup-first security model, pragmatic signals for builders who want speed but won’t compromise finality. For traders watching risk rotations, a ‘Bitcoin L2 with Solana-grade performance’ is a potent narrative, while tools like the Canonical Bridge create powerful utility by dropping confirmation times from hours to seconds and reducing transaction costs significantly. The presale numbers back up the interest: over $26.9M raised so far, with a token price of $0.013255 and virtually unlimited potential. This alone makes $HYPER one of the best crypto to watch today. Based on Hyper’s value proposition, meme context, and impact on Bitcoin’s ecosystem, our price prediction for $HYPER proposes a price point of $0.08625 by the end of 2026. An easy 550% ROI if you invest at today’s price. If this sounds like profit, read our guide on how to buy $HYPER before doing anything else. Then head to the official presale page to secure your $HYPER allocation today. 2. Best Wallet Token ($BEST) – Utility Token for an Active Web3 Wallet Wallet tokens trend when retail flows return. Best Wallet Token ($BEST) leverages this approach with tangible in-app perks, including reduced swap fees, early access to curated presales, boosted staking tiers, and card rewards, thereby tying token ownership to ongoing wallet usage. The token supports the Best Wallet ecosystem, which offers top security, non-custodial services, and access to a variety of present and upcoming features. These include the Best Card and the Best Dex, with access to over 50 chains. For traders, the angle is simple: if Tether’s push accelerates tokenized-asset adoption, the next wave of users needs a wallet that lowers frictions and funnels opportunities. $BEST attempts to monetize that funnel. The presale raised over $16.9M so far, with $BEST valued at $0.025935. Based on the token’s utility and Best Wallet’s value proposition, our price prediction for $BEST puts it at $0.05106175 by the end of 2026. As an early investor, you’re looking at a 96% ROI over the course of 12 months. You can read our guide on how to buy $BEST to learn more about the purchasing process. Go to the presale page and buy your $BEST today. 3. Polkadot ($DOT) — Cross-Chain Upgrades at ‘Value’ Altcoin Levels Not every rotation needs seed-stage risk. At roughly $3 and a $5B-class market cap, Polkadot ($DOT) screens as ‘value beta’ among layer-0s, with a multi-year push to simplify parachain economics and improve bridging safety. Real-time dashboards put $DOT at $3.11 and market cap just over $5B, with mainstream investor outlets flagging similar levels. If tokenized real-world assets ramp, cross-chain messaging and sovereign app-chains re-enter the conversation—and $DOT’s architecture was built for that. For developers, the play is specialized chains with common security; for traders, it’s the optionality that comes with volumes broadening beyond Ethereum and Solana. Key catalysts to watch include enhancements to core messaging, scheduling of next-generation parachain auctions, and any progress from $DOT-based RWA pilots. Price-wise, $DOT doesn’t need mania to re-rate; it needs credible throughput demand across its ecosystem—something that tends to firm up when liquidity is allocated to new venues. If Tether’s metals desk deepens on-chain settlement for RWAs, a neutral routing layer like Polkadot starts to look mispriced relative to its optionality. If you want to invest, go to your favorite exchange and buy your $DOT today. Recap: Tether’s raid on HSBC’s bullion bench isn’t a stunt—it’s a signal that tokenized commodities are entering prime time. In that environment, infrastructure and utility stand to benefit. Bitcoin Hyper ($HYPER) aims to be the BTC-secured rollup where apps actually run; Best Wallet Token ($BEST) anchors wallet-level utility and user acquisition; Polkadot ($DOT) offers cross-chain plumbing at a ‘value’ multiple. This is not financial advice. Do your own research before investing. Authored by Aaron Walker, NewsBTC: https://www.newsbtc.com/news/tether-trending-crypto-bitcoin-hyper-best-wallet-polkadot

Bitcoin Dominance Has Broken Below 50 EMA, What Happens If It Falls Below 40%?

Bitcoin Dominance Has Broken Below 50 EMA, What Happens If It Falls Below 40%?

The Bitcoin dominance has remained quite high over the last year, holding firmly above 50% and preventing altcoins from making any meaningful recovery. Even now, the dominance has climbed close to 60%, showing that Bitcoin is still determining the direction of the entire market. However, there has been a development that could change the trajectory of the Bitcoin dominance and put altcoins in the spotlight once again, highlighted by crypto analyst Unichartz. Bitcoin Dominance Breaks Below 50 EMA Since 2023, the Bitcoin dominance has remained firmly above the 50-Day Exponential Moving Average (EMA), showing immense strength around this level. Even through market crashes, the digital asset has maintained its dominance, and with each passing year, the trendline has continued to rise. As long as the Bitcoin dominance stayed above the 50 EMA, it showed it would continue to dominate, but this is changing now. Related Reading: Shiba Inu Derivatives Market Is Taking Off Again, But What Does This Mean For Price? According to the post by Unichartz, it shows that the Bitcoin dominance has now crashed below the 50-Day EMA for the first time in almost one year. This comes as the dominance lost its footing above 60% and has failed to reclaim its position above it. Naturally, there has been an attempt to reclaim the 50-Day EMA once again. However, this attempt failed after the brief surge above 63% in early October was thwarted by the market-wide crash on October 10. Since then, the dominance has remained below the 50 EMA and has now spent a full consecutive month below this critical level. What This Means For The Crypto Market Historically, the altcoin season has only begun when the Bitcoin dominance has seen a decline. This trend has held strong through the years, and even through the current cycle, has prevented the rise of another altcoin season. Related Reading: Dogecoin Does Not Have Potential For A Strong Move Upward, Analyst Says However, with the crash below the 50 EMA, the analyst predicts that the Bitcoin dominance is about to see a massive crash. It shows that the dominance will fall below 40% if it fails to reclaim the 50 EMA soon. Such a crash would give room for altcoins to actually run as the focus moves away from Bitcoin. With the Altcoin Season Index sitting at a low 31 at the time of this writing, it shows that a crash in the Bitcoin dominance is sorely needed for altcoins to rise again. However, the analyst explains that if the dominance does reclaim the 50 EMA, then Bitcoin’s lead may be extended for longer before attention rotates back to altcoin. Featured image from Dall.E, chart from Tradingview.com

China’s Cybersecurity Agency Alleges US Government Stole $13 Billion In Bitcoin

China’s Cybersecurity Agency Alleges US Government Stole $13 Billion In Bitcoin

According to a recent report by Bloomberg, the cybersecurity arm of China has openly accused the US government of orchestrating the theft of approximately $13 billion in Bitcoin (BTC), adding tension to the ongoing cyber relations between the two nations. China Alleges State-Level Operation The incident in question revolves around the theft of 127,272 BTC from the LuBian Bitcoin mining pool in December 2020, constituting one of the most substantial crypto heists in history.  Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point The Chinese National Computer Virus Emergency Response Center suggests that this large-scale hack was likely a planned “state-level hacker operation” orchestrated by the US.  The agency points to the discreet and delayed movement of the stolen Bitcoin as indicative of governmental involvement rather than typical criminal behavior. The report further links the Bitcoin from LuBian, a former Bitcoin mining firm, to tokens seized by the US government, which authorities claim are linked to Chen Zhi, the chairman of the Cambodian conglomerate Prince Group.  Chen Zhi had been accused by the US of participating in a wire-fraud conspiracy and running a money-laundering scheme in October. Notably, details on when and how the Bitcoin was confiscated by the US remain undisclosed. The narrative put forth in the report suggests that the US government might have employed hacking tactics as early as 2020 to appropriate the 127,000 Bitcoin associated with Chen Zhi, characterizing the operation as an example of a “black eats black” maneuver orchestrated by a state-level hacking entity. Bitcoin Forfeiture Fallout Federal prosecutors involved in the Chen case have refrained from disclosing the methods used to gain control of the Bitcoin, following the Department of Justice’s civil forfeiture complaint seizing the 127,271 BTC, which stands as the most substantial forfeiture action undertaken by the US government. Recent statements from the Chinese government have highlighted a growing trend of accusing the American government of engaging in hacking activities.  Related Reading: Crypto Treasuries Shift Focus From Bitcoin And Ether To These Lesser-Known Altcoins Earlier this year, China asserted that the US exploited vulnerabilities in Microsoft Exchange servers to target Chinese companies. Just last month, China alleged that it possessed undeniable evidence of a US cyber attack on the National Time Service Center. In response to the allegations, a lawyer representing Chen Zhi has filed a request for additional time in a US court to allow for tracing of the stolen BTC from LuBian. The attorney, Matthew L. Schwartz has criticized the government’s claims against Chen as being “seriously misguided.”  Schwartz, who serves as counsel to Mr. Chen and the Prince Group, stated that they are collaborating with cryptocurrency experts to trace the Bitcoin seized over a year ago and stolen back in 2020. T At the time of writing, BTC was trading at $102,550, recording losses of 3% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com

SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead?

SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead?

Amid the recent market volatility, SUI is attempting to hold a key level as support following its breakout from a local resistance. Some analysts have suggested that if momentum holds, the altcoin could be preparing for a 50% rally to the next major resistance. Related Reading: Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off SUI Recovers Major Support Zone On Tuesday, SUI retested a crucial area as support after recovering from the recent market crash and breaking out of a one-month downtrend line. The altcoin traded between $2.30-$3.00 after the October 10 correction, when the cryptocurrency briefly crashed by over 87% to $0.50. However, the early November pullback sent the price below the local range and to seven-month low levels. Last week, SUI closed below the $2.00 barrier for the first time since April, briefly retesting the $1.80 area. After bouncing from this zone, the altcoin surged above $2.00, retesting this level as support over the weekend. As a result, SUI’s price started the new week reaching a one-week high of $2.20 on Monday, before retracing alongside most of the market on Tuesday morning. Amid its recovery, analyst Ali Martinez recently highlighted that the TD Sequential indicator flashed a buy signal for the cryptocurrency, suggesting that the bottom could be in and a rally to higher levels is next. The analyst later confirmed the buy signal, adding that “sustained buying pressure here could push it to $3 or even $4.” Adding to the potential momentum, the Sui Network announced a partnership between the exchange Crypto.com and the Sui Foundation, the organization behind the adoption and advancement of the ecosystem. According to the announcement, the exchange has launched regulated custody and liquidity support for SUI, giving institutions’ clients “a secure, compliant way to store, manage, and access deep liquidity for SUI.” Downtrend Breakout Eyes 50% Rally Offering a broader outlook, market watcher Daan Crypto Trades noted that the cryptocurrency continues to trade within its big higher timeframe (HT) area, currently retesting a make-or-break zone. Notably, SUI has been hovering between the $2.00-$4.00 levels for most of the cycle, with the range’s lower boundary serving as a major support zone since late 2024. Now, the price “is holding initially on this higher low,” but must show short-term strength to break out from this area. Per the post, the altcoin has also broken out of its one-month diagonal resistance, which could send the price back to pre-November pullback levels. Currently, SUI’s price is retesting the downtrend line as support, which could turn the correction into a deviation and propel a move back above $2.30. “That’d be a solid sign of strength for me that this might be due for a larger reversal,” the trader added. Similarly, analyst Crypto Kaleo highlighted the recent performance, affirming that “when SUI breaks out of a major downtrend, it rips.” Related Reading: Shiba Inu Derivatives Market Is Taking Off Again, But What Does This Mean For Price? As he pointed out, the cryptocurrency broke out of similar downtrends during the May and July rallies, soaring more than 50% within a week. Therefore, if the altcoin holds the current levels, its price could jump to the $3.00 barrier in the short term. Nonetheless, he warned that the two previous breakouts also saw some volatility after the initial move, suggesting another retest of the downtrend line could happen before the next leg up. As of this writing, SUI is trading at $2.07, a 3.8% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Reclaim Or Retreat? Bitcoin Is Struggling At This Make-Or-Break Zone

Reclaim Or Retreat? Bitcoin Is Struggling At This Make-Or-Break Zone

Bitcoin is currently locked in a decisive struggle at a make-or-break resistance zone. After a strong attempt to push higher, BTC was rejected and has retreated to a pivotal support area. The next few sessions are crucial: bulls must quickly reclaim the critical overhead resistance, or risk triggering a wider market retreat back toward lower support levels. Battle At Resistance: Can Bitcoin Reclaim $107,000–$108,000? In a recent update, Crypto Candy noted that Bitcoin’s price action continues to unfold largely as anticipated, maintaining strength and structure across key levels. After enduring a volatile period, BTC held firmly within the $99,000–$101,000 support zone. This strong defense from buyers set the stage for a rebound toward the upper resistance area around $107,000–$108,000. Related Reading: Bitcoin Valuation Reset: MVRV Slides Into Macro Correction Territory — What This Means At present, the $107,000–$108,000 range is acting as a critical barrier, and Bitcoin’s ability to reclaim this zone could determine its short-term direction. The current consolidation suggests a tug-of-war between bulls and bears, with buyers aiming to push for a breakout, while sellers are attempting to cap further upside. The outcome of this battle may set the tone for the next decisive move in the market. If the current momentum fails to hold, Crypto Candy suggests a pullback to lower levels could follow, giving bears another short-term edge. However, Crypto Candy added that if Bitcoin successfully reclaims the $107,000–$108,000 range, the market could shift back in favor of the bulls. Such a breakout would likely trigger renewed buying pressure, potentially driving the price higher toward the $116,000–$118,000 zone or even beyond. BTC Faces Rejection At Resistance, Support At $105,000 In Focus Presenting an outlook, Crypto VIP Signal revealed that BTC has recently reached a key resistance area but was immediately rejected on its first attempt. This initial failure suggests that a significant pocket of selling pressure is positioned at that level. Related Reading: Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk Following this rejection, the price has now moved down to the $105,000 support level. The analyst stresses that the market must hold this specific price point, as it represents a crucial line of defense against a deeper pullback. Crypto VIP Signal warns that if there is a decisive break and a close below $105,000, the market could see a significant drop toward the next major support in the $103,000 zone. However, the crypto analyst highlighted that another attempt to retest the initial resistance area is expected in the coming days. This implies the rejection may be a healthy setback before bulls try to breach the critical ceiling again. Featured image from Pixabay, chart from Tradingview.com

Bitcoin Spot Demand Growing For First Time Since Early October: CryptoQuant Head

Bitcoin Spot Demand Growing For First Time Since Early October: CryptoQuant Head

CryptoQuant’s head of research has revealed how the “Apparent Demand” metric is now showing growth for the first time in more than a month. Bitcoin Apparent Demand Has Flipped Positive Recently In a new post on X, Julio Moreno, head of research at on-chain analytics firm CryptoQuant, has talked about the latest trend in the Apparent Demand for Bitcoin. This metric measures, as its name suggests, the amount of spot demand that’s currently present for the cryptocurrency. Related Reading: XRP To $10? Analyst Reveals What Could Be The Spark The indicator’s value is calculated by taking the difference between BTC’s production and changes in its inventory. “Production” here refers to the amount that miners are introducing into circulation each day. Similarly, the asset’s “inventory” is the amount stashed away in the 1-year inactive supply. Now, here is the chart shared by Moreno that shows how the 30-day sum of the Apparent Demand has changed over the last few months: As displayed in the above graph, the 30-day sum of the Bitcoin Apparent Demand fell into the negative territory last month, suggesting demand for the asset was decreasing. Recently, however, the metric has witnessed a sharp surge back into the positive territory. Thus, it would appear that, for the first time since early October, demand for BTC is growing again. While spot buying demand may be growing now, attention over in the perpetual futures market is down. As on-chain analytics firm Glassnode has pointed out in an X post, the Bitcoin Futures Open Interest has remained at low levels since last month’s leverage flush. The Futures Open Interest here refers to an indicator that keeps track of the total amount of perpetual futures positions related to Bitcoin that are currently open on all centralized exchanges. From the chart, it’s visible this metric saw a huge plunge in October as the drawdown in the BTC price liquidated a large amount of positions. The indicator has remained at its lows since this decline, indicating that there isn’t much speculative buildup happening in the market. “Derivatives activity has slowed materially, mirroring the broader backdrop of subdued market sentiment,” noted Glassnode. Related Reading: XRP Jumps To $2.56 Despite 240% Increase In Profit Taking Another side of the sector where demand has been weak is the US spot exchange-traded funds (ETFs). As the chart shared by Glassnode in a separate X post shows, the US Bitcoin spot ETFs have mostly seen outflows since early October. “This trend points to a broader de-risking phase among ETF investors,” explained the analytics firm. BTC Price Bitcoin has retraced some of its latest recovery as its price has come down to $103,200. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com