Bitcoin News in Philippines

PANews reported on November 21 that, according to OKX market data, BTC has just fallen below $86,000 and is currently trading at $85,993.60 per coin, down 4.31% on the day.

PANews reported on November 21 that, according to SoSoValue data, the crypto market generally declined today, with BTC falling 5.71% to below $88,000 and ETH falling 5.63% to below $2,900; however, the NFT and GameFi sectors rose 0.63% and 0.20% respectively. Among them, BEAT surged 84.18% and BEAM rose 6.38%, showing outstanding performance.

The post Bitcoin Nears End Of 2022–2025 Market Cycle: CryptoQuant appeared on BitcoinEthereumNews.com. Bitcoin is entering bearish territory as institutional demand dries up and key market indicators point to a downward phase, according to data from analytics platform CryptoQuant. Bitcoin (BTC) market conditions have turned the “most bearish” within the current bull cycle that started in January 2023, CryptoQuant said in its latest crypto weekly report shared with Cointelegraph. CryptoQuant’s Bull Score Index has declined to extreme bearish levels of 20/100, while the BTC price has fallen far below the 365-day moving average of $102,000 — a key technical level and the final bearish signal marking the start of the 2022 bear market. The price drop comes amid weakening institutional demand, including reduced buying by Bitcoin treasury firms such as Michael Saylor’s Strategy, along with limited inflows into exchange-traded funds (ETFs). Corporate Bitcoin demand tapers off Even with Strategy’s latest purchase of 8,178 BTC ($835 million) — its largest acquisition since July 2025 — the buy remains significantly smaller than many of its previous major purchases, CryptoQuant’s head of research Julio Moreno noted in an X post on Wednesday. “Treasury companies have basically stopped buying, some have even sold part of their holdings,” Moreno observed, referring to companies like Metaplanet, whose most recent BTC purchase was in September. Source: Julio Moreno In addition to waning corporate buying, Bitcoin ETFs have also faced pressure, with year-to-date inflows dropping to $27.4 billion — around 30% below last year’s total of $41.7 billion, according to data from CoinShares. Key market drivers “off the cards” Addressing the past key market catalysts, CryptoQuant mentioned Donald Trump’s presidential election win in 2024, which pushed Bitcoin above $100,000 for the first time by early December. In 2025, the launch of several Bitcoin Treasury Companies pushed Bitcoin above $120,000 in August. “Those catalysts are now gone,” the report states, adding: “What…

The post BTC Tightens Its Trading Range While AlphaPepe Strengthens Its Narrative appeared on BitcoinEthereumNews.com. Crypto Presales Bitcoin (BTC) has entered a phase of consolidation after losing a significant portion of its 2025 gains. The world’s largest cryptocurrency is now trading within a tightening range, and the indicators suggest that the wave of rapid downside may be slowing. Meanwhile, among lower-cap tokens, AlphaPepe (ALPE) is gaining traction as a structured meme-coin presale, drawing retail interest while majors stabilize. Bitcoin’s Current Range and Technical Structure Bitcoin is currently trading around the 91,000–93,000 USD band, after briefly falling below 90,000 USD earlier this week following its October high near 126,000 USD. Price history shows a strong drop of around 30% from its peak, and analysts now identify the 90,000–92,000 USD zone as critical support. A break below that may trigger lower levels; a hold would signal that selling pressure is diminishing. On the upside, resistance in the 96,000–103,000 USD area has become a short-term ceiling. Multiple technical reports describe the pattern as a symmetrical triangle or narrowing range, often a precursor to a breakout when volatility eventually returns. The appearance of reduced futures open interest and a lower leverage ratio suggest BTC may be entering a late-cycle base rather than an early-cycle breakout. Underlying Fundamentals and Market Flow Fundamentally, Bitcoin remains the anchor of the crypto ecosystem. Its dominance in spot markets, institutional-grade products like ETFs, and increasing consideration as a digital reserve asset make it structurally important. One major financial institution has noted that Bitcoin’s recent deleveraging may signal “significant upside” over the next 6-12 months now that structurally weak holders and speculative futures positions have been flushed out. Yet challenges remain: macro uncertainty, interest-rate speculation, and liquidity constraint continue to weigh on risk assets as a whole. Until one of these drags eases, Bitcoin may remain in its current range rather than blast off immediately.…

Bitcoin is currently trading below $92,000, and the market is showing clear signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment toward the bearish end of the spectrum, with many analysts now arguing that BTC may be entering a new bear market. The loss of key support levels and the rapid acceleration of downside volatility have only fueled these concerns, especially as short-term holders continue to capitulate at scale. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging However, not all perspectives are bearish. Some analysts believe that Bitcoin may be forming a local bottom, as the current correction resembles previous mid-cycle retracements seen during strong bull markets. They argue that the broader macro environment remains supportive and that long-term holders have not shown signs of structural weakness. As selling pressure concentrates among weak hands, the possibility of a reversal increases — especially once forced sellers exhaust themselves. Adding to the uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour ago. Moves like this often trigger speculation, as exchange deposits from early holders can signal potential selling. Yet historically, similar events have also occurred near cycle bottoms when panic is at its peak. A Massive BTC Transfer Sparks Market Speculation According to fresh data from Lookonchain, Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 million) into Kraken roughly an hour ago. This move has immediately raised questions across the market, as large exchange deposits from early whales often signal potential selling pressure. What makes this development even more notable is the context: just two weeks ago, Lookonchain reported that Gunden appeared ready to offload his entire 11,000 BTC stash — a position worth over $1.12 billion at the time. Now, with this final deposit, it appears he has officially completed the move. For many traders, this confirms that one of the oldest and largest long-term holders has fully exited or is preparing to exit the market. Such whale behavior can amplify fear during corrective phases, especially as Bitcoin continues to struggle below $92K. Moves of this scale not only contribute to short-term volatility but also influence sentiment by signaling that even early accumulators may be reducing exposure. However, historically, capitulation events from long-term holders have often coincided with or preceded major turning points. If this massive transfer marks the end of Gunden’s sell-off, the market may soon absorb the pressure — potentially clearing the path for a recovery once the fear subsides. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 Short-Term Trend Still Under Pressure Bitcoin’s 4-hour chart reveals a market that remains firmly under short-term selling pressure, despite occasional relief bounces. The price is struggling to reclaim $92,000, a level that previously acted as support but is now working as resistance. The series of lower highs and lower lows highlights a persistent downtrend that has shaped BTC’s trajectory since early October. All major moving averages—the 50 SMA, 100 SMA, and 200 SMA—are positioned above current price action and pointing downward. This alignment confirms a clear short-term bearish structure. Each time BTC attempts to recover, it meets strong resistance at these declining MAs, signaling that sellers remain in control. The most recent bounce barely reached the 50 SMA before being rejected again, reinforcing the weakness of buyer momentum. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume remains elevated on downswings, which indicates that sell-offs continue to be driven by conviction rather than random volatility. Buyers are stepping in around the $89,000–$91,000 zone, but so far, this support has only produced temporary pauses rather than meaningful reversals. For a structural shift, BTC would need to reclaim at least the $95,000 area and break above the 100 SMA. Until then, the trend remains tilted toward further downside or continued consolidation near current levels. Featured image from ChatGPT, chart from TradingView.com

Meanwhile, among lower-cap tokens, AlphaPepe (ALPE) is gaining traction as a structured meme-coin presale, drawing retail interest while majors stabilize. […] The post Bitcoin Price Outlook: BTC Tightens Its Trading Range While AlphaPepe Strengthens Its Narrative appeared first on Coindoo.

A nationwide boost for taxpayers takes shape as a new plan would let Americans use bitcoin for federal payments while building a long-term reserve designed to protect purchasing power, expand choice, and strengthen the country’s financial footing. US Lawmaker Champions Bitcoin for America Act With Multi-Decade Asset Retention A wave of digital-asset policy momentum is […]

The post US Lawmaker Proposes Bitcoin Tax Payments to Bolster Strategic Reserve appeared on BitcoinEthereumNews.com. Americans could soon pay federal taxes in Bitcoin under the Bitcoin for America Act, introduced by Representative Warren Davidson. This bill would direct such payments into the US strategic Bitcoin reserve without triggering capital gains taxes for taxpayers, helping build national holdings efficiently. Tax-Free Bitcoin Payments: Transferring BTC for taxes avoids capital gains and is […] Source: https://en.coinotag.com/us-lawmaker-proposes-bitcoin-tax-payments-to-bolster-strategic-reserve

Zcash has seen a strong surge in recent weeks as demand for privacy coins grows across the market. ZEC’s rise stands out due to its limited correlation with Bitcoin, allowing it to perform independently during periods of volatility.  This unique behavior has fueled renewed interest and helped strengthen ZEC’s upward momentum. Zcash Is Independent Zcash’s correlation with Bitcoin currently sits at -0.78, signaling a strong negative relationship. This means ZEC is moving in the opposite direction of BTC, which is highly beneficial at a time when Bitcoin is trading near $90,000 after several days of decline. ZEC’s ability to decouple from BTC enables it to avoid broader market pullbacks. This negative correlation has remained intact since early November, reinforcing ZEC’s resilience. As long as the correlation stays below zero, Zcash will be less vulnerable to Bitcoin-driven sell-offs.  Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. ZEC Correlation With Bitcoin. Source: TradingView Macro indicators also suggest favorable conditions. Zcash’s liquidation map reveals that short sellers should approach the market with caution. If ZEC climbs to $788, roughly $51 million worth of short positions could be liquidated. This creates an additional incentive for traders to avoid bearish strategies. Large liquidation clusters often discourage short positions and can fuel further upside as forced liquidations amplify price movement. For ZEC, reaching these levels would disrupt bearish sentiment and provide additional support for continued appreciation. Zcash Liquidation Map. Source: Coinglass ZEC Price Has A Lot Of Room To Grow Zcash trades at $671, sitting just below the $700 resistance level. The altcoin has gained 65.5% since the start of the month. This reflects strong market participation and growing interest from both retail and institutional traders. If momentum continues, ZEC could rise toward $1,000, which sits 49% above current levels. Achieving this target within 10 days is possible if investor support remains consistent. To reach $1,000, ZEC must first break through and convert the $700, $800, and $900 levels into support. ZEC Price Analysis. Source: TradingView However, if selling pressure increases, ZEC could lose momentum and fall to $600. A deeper correction may push the price toward $520, invalidating the current bullish thesis, leaving the altcoin vulnerable to a crash.