Stablecoins and crypto are threatening fiat money dominance in Eastern Asia

Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the regions value received in stablecoins.

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XRP Market Cap Soars 23% In 24 Hours, Hits Record Highs: Report

The market Capitalization of the XRP token has raised by 23% within the last 24 hours. In a recent X post, the platform highlighted that this sharp rise indicates that investors feel more comfortable with cryptocurrency and its potential, which has only been steadily growing and setting records recently. Santiments analysis shows that addresses holding […]

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Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High

Crypto analyst Rekt Capital has provided some form of optimism for Bitcoin investors, suggesting that the massive sell pressure on the flagship crypto is almost over. This comes amid a significant surge in Bitcoins dominance. Bitcoin Seller Exhaustion Is At Its Peak In an X (formerly Twitter) post, Rekt Capital mentioned that the sell-side volume has reached and even dramatically eclipsed Seller Exhaustion levels seen at previous price reversals to the upside. The analyst added that Bitcoin hasnt seen this level of sell-side volume since the Halving event in April earlier this year.  Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 This undoubtedly presents a bullish development for the flagship crypto since Bitcoin is bound to witness a massive reversal with the sell pressure almost over. This is already happening, as Bitcoin has rebounded in the last 24 hours, following its drop below $50,000 for the first time since January.  Rekt Capital also suggested that Bitcoin could rebound to as high as $62,550 in the short term as it looks to fill the CME gap, which is currently between $59,400 and $62,550. He noted that the odds favor Bitcoin filling this gap since the crypto token has filled all of the CME Gaps it has created over the past several months.  Crypto analyst Skew also commented on the massive sell-side volume that Bitcoin recently experienced. He explained that this happened because Bitcoin failed to hold above $70,000 following its July price rebound. The analyst added that there is no actual chaos yet, suggesting there was no need to be worried about the recent price correction.  With seller exhaustion at its peak, there is also the likelihood that Bitcoin has found a bottom and that this could be the final correction before the bull run kicks into full gear. Veteran trader and analyst Peter Brandt noted that Bitcoins decline since the halving means it has now achieved a price drop similar to the one during the 2015 to 2017 Halving bull market cycle.  BTC’s Dominance Hits 3-Year High Amid the market turmoil, data from Coinglass shows that Bitcoins dominance recently hit its highest level since April 2021. This rise has been largely due to the Spot Bitcoin ETFs, which have caused new money to flow into the Bitcoin ecosystem. Meanwhile, altcoins have had to battle for capital from existing retail investors who continue to divest their money between several crypto assets.  Related Reading: Dogecoin Open Interest Sees Sharp 24% Drop, Where Does Price Go From Here? Crypto analysts like Roman have suggested that Bitcoins dominance will likely continue to rise for now, as he predicted that the flagship crypto will continue to suck up all the liquidity until later this year. He expects Ethereum and other altcoins to continue trading sideways during this period.   At the time of writing, Bitcoin is trading at around $56,000, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image from Cointribune, chart from Tradingview.com

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Bitcoin on edge as economy falters: 10x Research report

Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.

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Hong Kong Bitcoin ETFs top $250M AUM

For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.

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Is Now a Good Time to Invest in Cryptos?

Is it a good time to invest in cryptos? I will give you 5 good reasons why you should consider investing in cryptos now. The last one is the most important. 1. Bitcoin Halving This year, in May, we had the Bitcoin halving. It’s an event that happens every 4 years, which cuts the number [...]

The post Is Now a Good Time to Invest in Cryptos? appeared first on Crypto Breaking News.

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Binance dominates among Chinese crypto users, X provides guidance

A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance.

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Crypto analyst doubts Bitcoin dominance is going back up to 70% again

Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its final move to 60% either in September or, at the latest, by December 2024.

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Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops

Amidst the general financial market crash in early August, Ethereum (ETH) lost about 30% of its value, falling to $2,226 per unit. Notably in the last few weeks, the prominent altcoin has shown much resilience climbing back into the $2,600 price region. Albeit, this recent price retracement is accompanied by much uncertainty on how long Ethereum can sustain such upward momentum. Commenting on this dialogue, CryptoQuant analyst ShayanBTC has postulated that Ethereum may likely resume its bearish course. Related Reading: Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation Ethereum Price To Suffer From Sellers’ Dominance  In a QuickTake post on Saturday, ShayanBTC shared that the Taker Buy/Sell Ratio indicated that Ethereum may be set for more price loss in the coming days. To explain, the Taker Buy/Sell Ratio is an analysis tool that gauges the balance between aggressive buying and selling activity. It is calculated based on the volume of taker buy orders and taker sell orders.  As common with other indicators, a Taker Buy/Sell ratio above one suggests there is an upward market momentum with more aggressive buyers than sellers and a ratio below one represents a downward market pressure with the opposite scenario. According to ShayanBTC, after recently failing to surpass the $3000 price resistance, Ethereums Taker Buy/Sell Ratio declined drastically as evidenced by the assets price movement. As expected, the metric also experienced a rebound following ETHs recent price gains. Albeit, the Taker Buy/Sell Ratio could not rise above 1 staying in the zero region, which indicated a lack of sufficient buying pressure allows the sellers to retain market control. However, ShayanBTC reports that the TakerBuy/Sell Ratio has once again declined indicating that sellers are preparing to offload their assets, potentially causing an Ethereum price fall. The analyst calls for caution, stating that the ETH market will require a massive rise in demand to avoid resuming the downward price movement. Related Reading: Brace For Impact: Ethereum Price Could Plunge To $1,200 In December, Says Expert ETH Price Overview According to data from CoinMarketCap, Ethereum currently trades at $2,610 reflecting a minor 0.61% gain in the last day. However, the assets performance on larger time frames is still unimpressive with a decline of 23.93% in the last month. With persistent gains, the most prominent altcoin is set to encounter an early resistance at the $2,700 price region. If buying pressure proves sufficient, ETH could move past this barrier rising as high as $3,000. On the other hand, a massive selling pressure as indicated by the Taker Buy/Sell ratio can force the assets price as low as $2300. Featured image from Adobe Stock, chart from Tradingview

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Bitcoin Breaks $56K, Top-10 Cryptos Surge, Altcoins Skyrocket: Report

The Cryptocurrency market has recently witnessed a substantial surge, with Bitcoin crossing $56K mark according to CryptoRank, a leading analytical platform. In the recent post on X, the platform outlined major market shifts and depicted the bullish trends in the top 10 cryptocurrencies. Bitcoin has continued to trade strongly with a price above $56 000. […]

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Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data

Data shows social media users are currently not paying much attention to memecoins like Dogecoin (DOGE) as compared to Bitcoin (BTC) and other top caps. Bitcoin & Other Layer 1 Top Caps Getting All The Investor Focus Right Now According to data from the analytics firm Santiment, social media users are showing increased focus on the top layer 1 assets as compared to memecoin and other sectors. The indicator of relevance here is the “Social Dominance,” which is based on another metric called the Social Volume. The Social Volume basically tells us about the amount of discussion that any given topic or term is receiving on the major social media platforms. The indicator makes this measurement by counting up all posts/threads/messages that make at least one mention of the keyword. Related Reading: Dogecoin Ready For $0.3? Analysts Bullish On DOGE Price Breakout Attempt The reason that the indicator doesn’t simply count up the mentions themselves is so that just a few posts with a large amount of mentions can’t skew the value by themselves. When the Social Volume spikes, it means the users across social media are talking about the term and not just niche circles. Now, the Social Dominance, the actual indicator of interest here, keeps track of the percentage of the combined Social Volume of the top 100 cryptocurrencies by market cap that a given coin or group of coins is occupying right now. Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for four segments of the sector over the past month: As displayed in the graph, the Social Dominance of the top 6 layer 1 assets has recently been the highest in the sector. “Layer 1” networks refer to those blockchains that handle their own security and aren’t built on top of another network. The networks that are built on these primary chains are titled Layer 2. Some of the top layer 1 coins are Bitcoin, Ethereum (ETH), and Solana (SOL). While these layer 1 coins are enjoying a high dominance of discussions in the sector now, this wasn’t the case just earlier in the month. Back then, the other segments of the sector had been getting the focus instead. From the chart, it’s visible that the top layer 2 coins, like Polygon (MATIC) and the top meme coins, like Dogecoin, have been receiving notable talk on social media. While this does mean that investors aren’t interested in assets like Dogecoin right now, the fact that the focus is on Bitcoin and other top caps could actually be a bullish development for the sector as a whole. Related Reading: Minimal Bitcoin On-Chain Resistance Ahead: Price Set For New ATH? “Crypto’s consistent rises occur most often when there is a focus on top caps (a sign of caution) rather than more speculative assets (a sign of greed),” explains Santiment. Dogecoin Price At the time of writing, Dogecoin is trading around $0.129, down more than 4% over the past week. Featured image from Dall-E, Santimnet.net, chart from TradingView.com

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When Will the Next Altcoin Season Start?

As the cryptocurrency market continues to evolve, many enthusiasts and investors are eagerly anticipating the onset of the next “altcoin season“. This term refers to a period when alternative cryptocurrencies (altcoins) experience significant price increases, often outpacing the growth of Bitcoin. But when can we expect this thrilling phase to begin? What is Altcoin Season? [...]

The post When Will the Next Altcoin Season Start? appeared first on Crypto Breaking News.

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Binance.US gets greenlight to invest customer assets in Treasury Bills

The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.

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Bitcoins Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling

Raoul Pal, Real Vision founder and prominent trading name, stated on Wednesday that the dominance of Bitcoin may have topped this cycle. In an X post, Pal said that DeMark Indicators’ signals point toward the potential that a change is imminent after several months of Bitcoin at the top of the market. Pal noted that daily, weekly, and monthly charts all are flashing top signals on Bitcoin dominance. Related Reading: XRP At $2.20? Analyst Insists Its Not Too Late To Get In Bitcoin dominance is now at nearly 65%, a figure that has increased steadily since December 2024. Despite this growth, it is still yet to reach the 2021 high of 74%, or the 2017 high previously. This, according to Pal, indicates a weakening trend in the percentage of the crypto market dominated by Bitcoin over time. DeMark Tops Flash Warning Signs Pal relied on technical analysis tools called DeMark Indicators, developed by market veteran Tom DeMark. They are used to identify when a trend could be losing momentum. Although Pal didn’t specifically state what the exact signals were that he watched for, one of the TD Sequential’s functions is to find turning points like this. I think BTC dominance topped today. There are daily, weekly and monthly DeMark tops in place and the top is well below 2021 top and that was below the 2017 top. If that plays out, it is the hallmark of the next phase of the Banana Zone. Let’s see… Raoul Pal (@RaoulGMI) May 8, 2025 Currently, Bitcoin is over 6% higher since the beginning of 2025 and has just reclaimed the $103k level. The coin is slowly making its way toward the $105,000 threshold. But while Bitcoin is going higher, most other cryptocurrencies have not been able to keep pace. Altcoins Have Fallen Behind Statistics indicate that the TOTAL2 index, which captures the value of the crypto market excluding Bitcoin, has fallen by almost 20% this year. It declined from $1.34 trillion to $1.07 trillion. This difference between Bitcoin and the rest of the market has contributed to increasing Bitcoin’s dominance. If Pal’s analysis is correct, this difference will soon begin to narrow. He thinks that as soon as Bitcoin dominance reaches a peak, money may begin entering altcoins. Traders usually move their focus from Bitcoin to smaller coins as soon as they feel the top coin has gotten its run out. That’s what happened before, and Pal believes the same may occur. The Banana Zone Theory Pal also mentioned what he refers to as the “Banana Zone.” It’s his terminology for a period where prices accelerate in a sharp, curved trajectory sort of like a banana. He divides this into three stages. Phase one, he says, began in November 2024, when the prices of crypto started to break out. Related Reading: Trump Trade News Ignites Bitcoin Mania$100K Coming? Now he believes were entering phase two, which he calls the Banana Singularity. Thats the part where altcoins start rising faster than Bitcoin, as more investors start hunting for bigger gains in riskier coins. This is usually when people start seeing major moves across smaller tokens. Altcoin Season May Be On The Way Pal’s message is crystal clear: Bitcoin’s time at the top may be slowing down. If the technical indicators are correct, altcoins may soon be taking center stage. It wouldn’t be the first time. In previous bull runs, capital rotated out of Bitcoin and into altcoins as the top coin’s dominance tailed off. Featured image from Unsplash, chart from TradingView

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Bitcoins Dominance Plummets to 71%: 5 Important Updates for This Week

Bitcoin’s dominance in the cryptocurrency market continues to rise as altcoins struggle to keep up. Here are five key highlights from Bitcoin’s performance this week. 1. BTC dominance hits a 65% high Bitcoin’s dominance in the crypto market reached a peak of 65% this week, showcasing its resilience and popularity among investors compared to other [...]

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Can Altcoins Reclaim Strength as Bitcoin Dominates the Market?

Altcoins experienced their most significant price rally from the middle of 2023 until Bitcoin started incorporating its spot exchange-traded fund during January 2024. The price of major ALTs grew along with the upward movement of the OTHERS.D index across six months during that period. Since this rise in altcoin momentum that occurred in the second […]

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Join Forces: 70+ Crypto Companies Unite to Challenge Big Techs AI Dominance

In an effort to combat the monopoly held by big tech companies in the realm of artificial intelligence (AI), several cryptocurrency firms have banded together. This alliance aims to challenge the dominance of tech giants in the AI space. The collaboration between these crypto companies is driven by the recognition of the growing influence and [...]

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Ethereum price chart hints at $4K breakout to new all-time highs

Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark.

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The XRP Rebound Blueprint: Double Bottom Could Fuel A Run To $2.80 Resistance

In a recent update on X, market analyst CRYPTOWZRD highlighted a developing double bottom formation on the XRPBTC chart, suggesting a possible bullish reversal may be underway. Although XRP ended the previous session with indecisive movements, this emerging pattern could drive its price action higher. Should the reversal confirm, XRP is likely to push toward the $2.80 resistance zone.  Bitcoin Dominance Pressures Altcoins, XRP Included Expanding on his initial analysis, the analyst noted that XRP and XRPBTC closed their daily candles indecisively, reflecting ongoing market uncertainty and a lack of strong directional action. While XRPBTC is currently holding above a key double bottom formation, the analyst emphasized that the pair still appears relatively weak and requires more stable and constructive price action to confirm a bullish breakout. A strong reaction from this level could serve as a catalyst, helping XRP gain momentum from its current position on the chart. Related Reading: XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts He also pointed out that Bitcoin dominance continues to exert pressure on altcoins, including XRP, causing them to underperform in their BTC pairs. As Bitcoin dominance approaches a major resistance level, the analyst anticipates a reversal that could shift capital flow back into altcoins. Such a reversal would provide a favorable environment and support a broader bullish continuation for XRP. Looking ahead, the analyst stated that his focus will remain on the lower time frames throughout the next trading session to determine the next scalp opportunity, particularly if XRPBTC begins to show signs of recovery and buyers step in with stronger momentum. Waiting On Confirmation: No Entry Without A Clear Move Concluding his analysis, the analyst provided his outlook for the near-term price action, noting that intraday trading was choppy and lacked clear direction throughout the session. Despite the indecisiveness, he predicts a potential upside continuation if the price breaks above the $2.4650 intraday resistance level.  Related Reading: Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns Conversely, he identified $2.3160 as a crucial intraday support level, where buyers may step in if the market pulls back. This zone will be important to watch, as a breakdown below it could delay any immediate bullish momentum and signal further consolidation. The price action between these two levels will likely define the short-term direction for XRP. He emphasized that patience is key at this stage, urging traders to wait for a clear and healthy move before considering new entries. With market conditions still uncertain, the analyst plans to stay focused on refined setups and mature formations to ensure higher-probability trades in the sessions ahead. Featured image from iStock, chart from Tradingview.com

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This Surging Bitcoin Metric Suggests Altcoin Season Is Upon Us

Analyst warns Bitcoin's market share surge signals 'final leg' of macro uptrend before potential dominance collapse and altcoin rotation.

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