Bitcoin data shows a series of bearish trading patterns that could usher in new price lows if the key support at $60,000 fails to hold. Here’s why bulls need a rally to $76,000. Bitcoin’s (BTC) range-bound trading within the $60,000 to $73,000 range is impressive, especially when considering the macroeconomic backdrop of Brent crude oil rising to levels not seen since 2008, a hot war between the US, Israel and Iran, and a volatile stock market where the S&P 500 index trades at a 3.95% year-to-date loss. Despite these intensifying headwinds, Bitcoin buyers have shown a steady appetite for buying the price drops to $60,000, and while the level currently holds as support, the risk of lower prices is not zero. Bitcoin’s 1-day chart shows a bearish continuation pattern, with one pattern confirmed on Jan. 20 as BTC price entered a correction to $60,014, and a second bear flag currently in play. Every price rally to the flag’s overhead trendline has been rebuffed since Feb. 8, and technical analysis stresses the...
Stablecoins dominated crypto trading in Q1 as investors sought safety, while rising bot usage and declining retail flows pointed to shifting market dynamics, according to CEX.io. Stablecoins were a rare bright spot in an otherwise subdued crypto market in the first quarter, with supply growth and transaction activity pointing to sustained demand even as broader market conditions weakened. Total stablecoin supply increased by roughly $8 billion to a record $315 billion in Q1, according to data from CEX.IO. Although this marked the slowest pace of expansion since Q4 of 2023, it still represented growth during a period when the wider crypto market contracted. The data suggests investors rotated into stablecoins as a defensive strategy, boosting their share of overall market activity. Stablecoins accounted for 75% of total crypto trading volume during the quarter — the highest level on record. Read more
Are Bitcoin’s odds for a rally to $75,000 diminished by a weakening US economy, the war in Iran and multiple institutional BTC holders selling in the open market? Key takeaways: Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining? Institutional Bitcoin ETF outflows and miner sales test BTC's strength, but the Federal Reserve's options for addressing the federal deficit may also favor scarce assets. Read more
The prediction market is introducing price-based contracts tied to stocks and commodities, using Pyth data feeds as the "resolution source" to automatically settle outcomes. Polymarket has added markets tied to equities, commodities and exchange-traded funds, using price data from blockchain oracle provider Pyth Network as the resolution source to determine outcomes for daily contracts. The new markets include daily up-or-down and closing price contracts for major equity indexes, commodities such as gold and oil, and a range of US-listed stocks, with outcomes settled automatically based on Pyth’s real-time price feeds. The contracts reset at the end of each trading session. According to the announcement, the offering includes more than a dozen US-listed stocks, including Tesla, Nvidia and Apple, alongside commodities and equity indices. Read more
The Commodity Futures Trading Commission claims it "first officially recognized" event contracts in 1992 and that Congress has granted it sole authority over the market. The Trump administration is suing Illinois, Connecticut, Arizona, and their gaming regulators over the federal government’s right to regulate prediction markets. The Commodity Futures Trading Commission (CFTC) and the US Department of Justice filed separate lawsuits on Thursday against the three states. In 2025, those states and their gaming regulators sent cease and desist letters to prediction platforms, including Kalshi and Polymarket, claiming that the event contracts offered by the platforms violated state gambling laws and licensing requirements. Read more
An executive said the social media platform could lock accounts mentioning crypto for the first time and require verification after a scammer faked reports of a tortoise's death. Social media platform X is considering implementing new rules for first-time user posts about crypto in an effort to crack down on scammers using phishing attacks to gain access to accounts. Nikita Bier, the head of product at the platform formerly known as Twitter, made the announcement on Wednesday amid reports that a scammer pretending to be a veterinarian previously responsible for the health of a 193-year-old tortoise named “Jonathan” conned social media users into buying crypto before the truth was revealed. Bier said that X could auto-lock accounts mentioning crypto for the first time and require them to go through verification. “This should kill 99% of the incentive, especially since Google isn’t doing shit to stop the phishing emails,” read his post. Read more
Fresh lows below $1,736 could be in store for Ether price if bulls fail to hold the altcoin’s price above an important ascending trendline. Ether (ETH) price may be at risk of a correction to new year-to-date lows, especially if the bulls fail to secure daily candle closes above the $2,150 to $2,400 range. Ether’s price action continues to be driven by US and global macroeconomic events, along with investors’ appetite for risk assets during the US and Israel-Iran war. As data shows more than $1 billion in futures-driven sell pressure, the chance of Ether falling below $1,800 rises. Repeat rejections near $2,150 continue to cap Ether rallies, and the level has acted as a strong resistance seven times over the past two months. The trend and its resistance dominate the price action, despite the pattern of higher-high and higher-low candles, which can be seen on the daily chart. Read more