The stock price of BitMine could be preparing for a strong rebound. The move may happen if Ethereum follows the recovery pattern predicted by company chairman Tom Lee. BMNR shares were trading near $20, a key support level where the stock has consolidated in recent days. However, it remains far below its all-time high of $160. Lee believes the ongoing downturn in Ethereum will end with a V-shaped recovery. He noted that Ethereum has suffered eight major drawdowns since 2018. Each one was followed by a sharp rebound. He also said Ethereum has strong fundamentals. It remains the largest smart…
Author: Sazid Kabir
Read More
Shiba Inu has stabilized after a sharp sell-off pushed the token into deeply oversold territory. The price briefly broke below a major monthly support level but quickly reclaimed it, signaling that selling pressure may be fading. SHIB was trading slightly higher on the day, showing early signs of recovery. The quick rebound above monthly support has shifted the short-term outlook from continued decline to possible stabilization. The recent drop created strong bearish momentum, with a series of lower lows. However, the breakdown did not hold. Instead, buyers stepped in and pushed the price back above support, a move that often…
Michael Saylor’s company, Strategy, has bought another 2,486 Bitcoin as the crypto market struggles. The purchase comes even as technical charts warn that prices could fall further. In a post on X, Michael Saylor said the company spent $168 million on the latest buy. Strategy now holds 717,131 BTC, worth nearly $50 billion at current prices. Bitcoin was trading around $67,000 at the time of writing. Despite the steady buying, the coin remains under pressure after weeks of weak momentum. Strategy funded the purchase by selling more shares. The company still has about $7.8 billion in common shares available for…
The crypto market wavered on February 17 as traders reacted to fresh comments from a senior Federal Reserve official. Investors are also watching tensions in the Middle East and the upcoming release of the Fed’s meeting minutes. Bitcoin was little changed at around $67,000, while Ethereum traded near $1,980. The total crypto market cap slipped by about 0.15% to $2.34 trillion in the last 24 hours. Market sentiment remains weak. The Crypto Fear and Greed Index stayed in the extreme fear zone at 13, showing that many traders are still cautious. The Altcoin Season Index stood at 31, suggesting that…
Bitcoin (BTC) fell for the second straight day, dropping to around $68,500 after briefly touching $70,800 over the weekend. The pullback came as traders took profits following a recent rally driven by a softer U.S. inflation report. The cryptocurrency is now about 45% below its all-time high of $126,300. Analysts say momentum has weakened as demand slows and leverage declines across the market. Data shows that Bitcoin futures open interest has dropped to $43 billion, its lowest level since September 2024. This figure has fallen sharply from last year’s peak of $95 billion. Lower open interest usually signals that traders…
Dogecoin (DOGE) has fallen for two straight days, slipping to the key support level of $0.100. The drop came after the token failed to break above its 50-day Exponential Moving Average, a sign that buying pressure remains weak. The meme coin is now down about 67% from its 2025 high of $0.3073. Earlier this month, DOGE reached $0.1176, but it has since moved lower as the broader crypto market struggles. The wider market downturn has also weighed on sentiment. Bitcoin (BTC) and several major altcoins have posted losses in recent weeks. As a result, risk appetite has fallen across the…
Solana (SOL) has confirmed a bull trap after failing to hold above the $88 resistance level. The breakout attempt looked strong at first, but the price quickly reversed, trapping late buyers and shifting short-term momentum to the downside. The failed move above $88 marked a key turning point. Instead of building support above resistance, SOL fell back into its previous trading range. This pattern often signals weakness and leads to further declines. After the rejection, the price rotated toward the point of control, a level where the highest trading volume occurred during consolidation. Solana failed to reclaim this level, which…
Cryptocurrency payments to suspected human trafficking networks jumped 85% in 2025, according to a new Chainalysis report. Hundreds of millions of dollars in transactions were traced on public blockchains. Most activity was concentrated in Southeast Asia, where organized networks run escort services, labor scams, and illegal gambling. However, paying customers came from the Americas, Europe, and Australia, showing the global reach of these operations. Traffickers increasingly use messaging apps like Telegram to recruit victims, advertise services, and coordinate crypto payments. Stablecoins and money laundering groups also help them move and cash out funds quickly. The report highlighted three main categories:…
The Binance mobile app is no longer available on the Google Play Store for users in the Philippines. A search for “Binance” now shows local alternatives like Coins.ph and region-specific Binance apps for other countries, such as Binance TH (Thailand) and Binance TR (Turkey). The main global platform is missing. The removal is part of ongoing enforcement by the Philippine SEC and National Telecommunications Commission (NTC). The SEC previously warned that Binance lacked the proper license to offer securities in the country. This step prevents new users from downloading the app and may stop existing users from receiving updates through…
Bitcoin has fallen nearly 50% from its record high above $126,000 last October, raising fears of another “crypto winter.” In the past month alone, the cryptocurrency has dropped more than 25%, weakening confidence in the digital asset market. The sharp decline has hurt sentiment among investors who once viewed bitcoin as “digital gold” and a hedge against market uncertainty. The fall has also surprised traders who expected strong gains under a crypto-friendly political environment. Despite the price crash, exchange-traded fund data suggests investors are not fleeing entirely. The iShares Bitcoin Trust (IBIT) has seen about $2.8 billion in net outflows…