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Bitcoin price experienced a significant drop as BTC futures gaps appeared following a negative turn in Coinbase premium. This shift in market dynamics can have a notable impact on the future direction of Bitcoin’s value. The sudden change in premium reflects a shift in investor sentiment and could signal a potential trend reversal. The price [...]
The Treasurys fight against illicit finance will focus on better regulations, greater enforcement and AI.
Ethereum is facing renewed downward selling pressure, with the entire crypto market entering a fresh downtrend in the past 24 hours. This renewed selling pressure has seen the Ethereum price lose a strong support level at $1,800, causing it to fall by about 14.5% from its price 24 hours ago at the time of writing. The trading trend shows that the Ethereum price is about to break below $1,500, with one analyst even suggesting a potential break to $1,000. Yet, despite the sharp decline, technical patterns suggest the possibility of Ethereum revisiting much higher price levels upwards to $3,933, specifically to fill multiple CME futures gaps that are still open above. Ethereum Breaks Below Key Support, Larger Breakdown Ahead The loss of the $1,800 support has strengthened the bear case for Ethereum, especially amid broader weakness in the altcoin market. One of the more blunt takes comes from crypto analyst Andrew Kang, who argued that the price of Ethereum is actually overvalued. He described Ethereums $215 billion market cap as ridiculous for what he calls a negative growth/profitability asset. Related Reading: Analyst Reveals Bullishness On Ethereum Price At This Point, Can It Hit $4,000 Again? According to Kang, the momentum of speculative winds that used to ignite Ethereums price surge has run dry, and a revisit of the $1,000 to $1,500 zone is not only likely but overdue. What adds weight to Kangs warning is how quickly the market appears to have validated his concerns. Since his statement, Ethereums market cap has dropped significantly, sliding to $186.5 billion at the time of writing. Although the decline is due to other market factors, the pace and depth of this decline suggest that investor confidence in Ethereum may be lower than expected, with no immediate signs of reversal in sight. If bearish pressure continues, Ethereum could soon find itself trading at the lower end of Kangs projected range at $1,000. CME Gaps Above $2,500 Offer A Technical Outlook For Rebound Even as price action trends lower, Ethereums CME futures chart tells a different story. Titan of Crypto pointed out that three distinct CME gaps are unfilled above the current market level. These include a gap between $2,550 and $2,625, another between $2,890 and $3,050, and a partially filled third gap between $3,917 and $3,933. Related Reading: Ethereum Price Hits 300-Week MA For The Second Time Ever, Heres What Happened In 2022 The CME gap theory is rooted in the observation that asset prices often return to fill these voids, even if the move takes weeks or months. In the case of Ethereum, the odds of a return to the CME gaps are very low in the short term. However, considering Q2 2025 is only just starting, there is still enough time to witness the buying pressure needed to fill these levels before the end of the year. At the time of writing, Ethereum is trading at $1,540, down by 14.5% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
The Bitcoin price is struggling to recover from recent declines, as the market downtrend has kept it significantly below the $100,000 mark. Amidst this volatility, Bitcoin is experiencing a bearish deviation that is filling a new Chicago Mercantile (CME) Gap. This has triggered a fresh prediction from a crypto analyst who believes that the pioneer cryptocurrency is set for a higher high. Bitcoin Price To Form Higher Low As CME Gap Fills Crypto analyst Rekt Capital took to X (formerly Twitter) on Monday to share his projected outlook for the Bitcoin price. The analyst highlighted that Bitcoin is currently undergoing a bearish deviation, which is filling a massive gap on the CME futures chart. Related Reading: Crypto Pundit Who Correctly Called The Bitcoin Price Surge From $15,400 To $100,000 Reveals Whats Next CME gaps are disparities between closing and opening prices in the Bitcoin futures market. They appear when Bitcoins price moves as the exchanges close over the weekend and reopen on weekdays. Over the past few days, Bitcoin has been filling its new CME gap amidst the broader market downturn. This downward move was expected, as the Bitcoin price often gravitates toward unfilled CME gaps before resuming regular activity. Despite Bitcoins present bearish deviation, Rekt Capital believes that the downtrend could present an opportunity for the market to form new higher lows. The analyst shared two charts, with one revealing several resistance and support zones for the Bitcoin price. The orange and yellow boxes in the chart suggest strong support areas where Bitcoin has historically bounced, while the blue boxes highlight past resistance areas. In the second chart, Rekt Capital showcases repeated breakout patterns, where BTC consolidates and then initiates a surge. If the cryptocurrency can make the expected higher low above last weeks low, this could confirm that Bitcoins broader uptrend may still be intact. Conversely, if it fails to hold above support levels and declines again, the market may see a more resounding crash, potentially triggering sell-offs and exacerbating the bearish trend. Analyst Foresees A Move Towards $95,000 Not too long ago, Bitcoin shocked the market, skyrocketing by more than 9% in one day and surging back above the $90,000 mark. According to X crypto analyst Jelle, this massive price surge was the higher low the market was anticipating. Related Reading: Analyst Reveals When Bitcoin Price Will Reach $180,000 The analyst suggests that the surge has paved the way for BTC to build a more solid base and slowly make its way toward the $95,000 mark. While the price of BTC currently trades at $87,596 and faces bearish pressures that have triggered multiple price crashes, Jelle believes that the cryptocurrency can overturn bearish conditions and initiate a recovery. As of this writing, it appears Bitcoin may be slowly recovering from the bears. The cryptocurrency has surged by 5.3% in one day, and its market capitalization is also up by the same amount despite its declining trading volume. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst Tony Severino has drawn similarities between Ethereums price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETHs future trajectory. Ethereums Price Action In 2024 Vs. 2025 Based On Important Technical Indicators In an X post, Tony Severino provided a Japanese candlestick, TD Sequential and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETHs 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024s candlestick and is entering 2023s candle body. Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close. Ethereum is currently in a downtrend, having dropped below $2,000 yesterday for the first time since December 2023. Although ETH has recovered above this psychological level, concerns remain about its current price action. As Severino noted, the Ethereum price could be facing its first-ever yearly downtrend. Ethereum began the year in an unusual manner, recording a negative monthly close in both January and February, the first time this has happened. Crypto analyst Ali Martinez warned that the Ethereum price could still drop to as low as $1,600 or even $1.200, having broken below the lower boundary of a parallel channel. ETHs Bottom Might Be In In an X post, crypto analyst Titan of Crypto asserted that Ethereums bottom is in. He revealed that the 2024 low has been swept on ETHs perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analysts accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH). Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels. At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The XRP price has been consolidating for an extended period after its previous rally. However, a crypto analyst warns that the cryptocurrency could face a flash crash in April, potentially driving its price to new lows. Despite this, the analyst anticipated that the downturn may be short-lived, predicting a rebound shortly after. MetaShackle, a crypto analyst on TradingView, has shared a chart presenting an Elliott Wave-based analysis of XRPs price movements. The analyst has also used technical levels such as Fair Value Gaps (FVGs), liquidity zones, and trendlines to determine XRP’s next price action. XRP Price False Breakout Ahead Of Flash Crash According to MetaShackles analysis, XRP may be heading for a false breakout in the coming weeks, followed by a sudden flash crash that could liquidate overleveraged traders. While this deep correction could shake out weak hands, the analyst also outlines a path for a massive rally later in the Second Quarter (Q2) of 2025, potentially pushing XRP to a new all-time high. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge The XRP price chart follows an advanced 6-wave pattern, with a potential 7th-wave breakout. XRP is currently in Wave 4 of a larger cycle. While Waves 1 to 3 represented a strong upward move, Wave 4 triggered a major correction for the XRP price. If Wave 4 is completed, the cryptocurrencys price could push higher into Wave 5, reaching $2.80 – $3.00, where an FVG awaits. This move would create a false breakout, taking out liquidity above recent highs. After the projected false breakout, XRP is expected to experience a flash crash in Wave 6 by April 2025. This flash crash will likely hold above the lower white trendline after breaking the upper trendline and targeting the green target area between $1.6 and $1.4 $highlighted by the chart. The flash crash in April is a theoretical move in which the XRP price retraces sharply before a real breakout. This breakout is expected to start in Wave 7, potentially leading to a price discovery for XRP and reaching a likely target of $3.00 before skyrocketing to new highs above $3.6. Notably, the analyst predicts that Wave 7 will begin in May 2025. The breakout is anticipated to take out previous all-time highs for the altcoin, surpassing its $3.84 price record in 2018. Update On Price Analysis The XRP price is now trading at $2.44 after increasing by 4.56% in the past week. Despite a sharp price crash from its $3.00 high earlier this year, the cryptocurrency remains resilient, and analysts are closely watching its next move. Related Reading: XRP Threatens Death Cross On 4-Hour Chart, Is Another Crash Coming? Notably, analysts continue to take a bullish stance on the XRP price outlook, predicting a potential breakout in the short term. An X (formerly Twitter) market expert, identified as Steph Is Crypto, forecasts that the asset could surge to $3.4 soon, marking a 39.34% jump from its market price. Featured image from Adobe Stock, chart from Tradingview.com
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. [...]
The post US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto appeared first on Crypto Breaking News.
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