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Market Alert: Bitcoin Slides Below $80K – Is the Bull Run on Pause? 🚨
Bitcoin took a major hit this Saturday, tumbling over 10% to around $75,700. This move marks a significant breakdown, with BTC now down more than 30% from its April 2025 peaks. The carnage didn't stop there—major altcoins like Ether (ETH) and Solana (SOL) both plummeted roughly 17% in the crossfire.
The Damage in Numbers:
$111 Billion: Total crypto market cap wiped out in just 24 hours.
$1.6 Billion: Leveraged positions liquidated (ouch!).
$75,709: The intraday low that put Strategy (formerly MicroStrategy) slightly underwater on their holdings.
Why is this happening?
According to CryptoQuant CEO Ki Young Ju, the "realized cap" has flatlined. In plain English: new capital has stopped flowing in. While the ETF hype fueled last year's rally, long-term holders are now aggressively taking profits.
What’s Next?
Don't expect a "V-shaped" recovery just yet. Analysts suggest we are entering a prolonged period of sideways trading rather than a swift rebound. The silver lining? A total 70% "cycle-style" crash is unlikely unless major institutional holders like Strategy start offloading their bags—which hasn't happened yet.
Stay cautious out there and keep an eye on those Coins.
#crypto #solana #ETH #CoinDesk
Bitcoin took a major hit this Saturday, tumbling over 10% to around $75,700. This move marks a significant breakdown, with BTC now down more than 30% from its April 2025 peaks. The carnage didn't stop there—major altcoins like Ether (ETH) and Solana (SOL) both plummeted roughly 17% in the crossfire.
The Damage in Numbers:
$111 Billion: Total crypto market cap wiped out in just 24 hours.
$1.6 Billion: Leveraged positions liquidated (ouch!).
$75,709: The intraday low that put Strategy (formerly MicroStrategy) slightly underwater on their holdings.
Why is this happening?
According to CryptoQuant CEO Ki Young Ju, the "realized cap" has flatlined. In plain English: new capital has stopped flowing in. While the ETF hype fueled last year's rally, long-term holders are now aggressively taking profits.
What’s Next?
Don't expect a "V-shaped" recovery just yet. Analysts suggest we are entering a prolonged period of sideways trading rather than a swift rebound. The silver lining? A total 70% "cycle-style" crash is unlikely unless major institutional holders like Strategy start offloading their bags—which hasn't happened yet.
Stay cautious out there and keep an eye on those Coins.
#crypto #solana #ETH #CoinDesk
Bitcoin #defi Gets Another Institutional Boost Through Anchorage Digital Custody _ #AnchorageDigital is opening institutional pathways into Bitcoin-native DeFi, providing a regulated gateway to #Bob ’s hybrid Bitcoin–Ethereum ecosystem.
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$BTC $ETH
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$BTC $ETH
Uniswap Proposes Sweeping ‘ #Unification ’ With UNI Burn and Protocol Fee Overhaul _ The proposal, called “UNIfication,” would activate #protocol fees, #burn millions of UNI tokens and consolidate the project’s key teams under a single strategy.
"Disclaimer _ Source: Binance News / Bitdegree / #CoinDesk / Coinmarketcap / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$UNI
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$UNI
#Canary Likely to Hit Pause on New #etf Filings After Launching XRP _ The firm’s CEO says it has ‘filed everything that falls under the generic listing standards’ as #SEC approval barriers remain high.
"Disclaimer _ Source: Binance News / Bitdegree / #CoinDesk / Coinmarketcap / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$XRP
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$XRP
#Halloween dose of hopium
'HOPIUM' for Bitcoin Price #Bull 's _ A long-term moving average indicator offers hope to bitcoin bulls.
Sam Bankman-Fried Posts Lengthy '#FTX Was Never Insolvent' Document _ The disgraced FTX founder resurfaced on social media with a sprawling self-defense arguing that customers could have been made whole in 2022.
XRP Drops 5% to $2.47 as #Bear 's Break Key Support Level _ The breach of the $2.50 level triggered significant trading activity, with a 158% increase in volume.
Source: #CoinDesk Headlines
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$BTC $XRP
'HOPIUM' for Bitcoin Price #Bull 's _ A long-term moving average indicator offers hope to bitcoin bulls.
Sam Bankman-Fried Posts Lengthy '#FTX Was Never Insolvent' Document _ The disgraced FTX founder resurfaced on social media with a sprawling self-defense arguing that customers could have been made whole in 2022.
XRP Drops 5% to $2.47 as #Bear 's Break Key Support Level _ The breach of the $2.50 level triggered significant trading activity, with a 158% increase in volume.
Source: #CoinDesk Headlines
"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC $XRP
#DOGECOİN is currently consolidating just above its key support around $0.16–$0.17, forming a tight symmetrical triangle—a pattern that often signals a strong upcoming move. Technical indicators like RSI (neutral) and a flattening #MACD suggest momentum is building, though direction has yet to resolve.
A breakout above $0.20 (or even the $0.22 range) is seen as pivotal: several analysts argue that overcoming this resistance could validate a bullish run toward $0.25+. #CoinDesk previously estimated the triangle could lead to a 60% price swing, depending on breakout direction.
On the flip side, the downside risk remains real. If DOGE fails to maintain support around $0.16–$0.17, a drop could follow, likely toward lower consolidation zones.
From a fundamental perspective, #Dogecoin $ continues to benefit from strong community support, and there are signs of institutional flows entering the meme-asset space. However, inflation remains a structural concern: DOGE’s annual inflation rate (fixed minting of ~5 billion #DOGE per year) could weigh on long-term value.
Bottom line: Dogecoin is at a critical technical inflection point. A clean breakout above $0.20–$0.22 could fuel a meaningful rally, while failure to hold support under $0.17 may trigger a sharper retracement. Traders should watch volume closely.
A breakout above $0.20 (or even the $0.22 range) is seen as pivotal: several analysts argue that overcoming this resistance could validate a bullish run toward $0.25+. #CoinDesk previously estimated the triangle could lead to a 60% price swing, depending on breakout direction.
On the flip side, the downside risk remains real. If DOGE fails to maintain support around $0.16–$0.17, a drop could follow, likely toward lower consolidation zones.
From a fundamental perspective, #Dogecoin $ continues to benefit from strong community support, and there are signs of institutional flows entering the meme-asset space. However, inflation remains a structural concern: DOGE’s annual inflation rate (fixed minting of ~5 billion #DOGE per year) could weigh on long-term value.
Bottom line: Dogecoin is at a critical technical inflection point. A clean breakout above $0.20–$0.22 could fuel a meaningful rally, while failure to hold support under $0.17 may trigger a sharper retracement. Traders should watch volume closely.
Tokyo Exchange Operator Mulls Limits on Digital Asset #Treasury Firms: The Tokyo Stock Exchange operator #JPX is reportedly exploring stricter rules, including backdoor listing restrictions and mandatory audits, to curb listed companies pivoting to large-scale bitcoin/crypto treasuries #DAT 's.
"Disclaimer _ Source: Binance News / Bitdegree / #CoinDesk / Coinmarketcap / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
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1. Range Pressure & Key Zones
$ETH has seen a significant downside recently. According to #CoinDesk on shorter timeframes, ETH faces resistance in the ~$3,945–$4,000 range, while support is around $3,870–$3,880.
coindesk.com
ZebPay notes critical higher-timeframe support at $3,600, with a more major support zone around $3,300–$3,400 if things weaken further.
ZebPay +1
2. Momentum & Indicators
There has been a surge in volatility, especially during recent sell-offs, suggesting panic or forced selling.
ZebPay
RSI readings are hovering in neutral-to-slightly-weak territory in some analyses, implying there's room for both a continued drop or a corrective bounce.
CoinCodex
On the 4H structure, some analysts suggest an ascending channel may still be intact, though this is under threat if support breaks.
analyticsinsight.net
3. Chart Patterns / #RiskAnalysis Scenarios
If $ETH breaks below $3,870–$3,880 decisively on the 4H chart, it could trigger a move toward the $3,600 zone (or even lower).
Conversely, a strong rebound and close back above ~$3,945–$4,000 could open the door for a retest of $4,200+, though that would require good buying volume.
There is a risk of “fakeouts” — short swings that test support/resistance and then reverse — especially in this volatile environment.
$ETH has seen a significant downside recently. According to #CoinDesk on shorter timeframes, ETH faces resistance in the ~$3,945–$4,000 range, while support is around $3,870–$3,880.
coindesk.com
ZebPay notes critical higher-timeframe support at $3,600, with a more major support zone around $3,300–$3,400 if things weaken further.
ZebPay +1
2. Momentum & Indicators
There has been a surge in volatility, especially during recent sell-offs, suggesting panic or forced selling.
ZebPay
RSI readings are hovering in neutral-to-slightly-weak territory in some analyses, implying there's room for both a continued drop or a corrective bounce.
CoinCodex
On the 4H structure, some analysts suggest an ascending channel may still be intact, though this is under threat if support breaks.
analyticsinsight.net
3. Chart Patterns / #RiskAnalysis Scenarios
If $ETH breaks below $3,870–$3,880 decisively on the 4H chart, it could trigger a move toward the $3,600 zone (or even lower).
Conversely, a strong rebound and close back above ~$3,945–$4,000 could open the door for a retest of $4,200+, though that would require good buying volume.
There is a risk of “fakeouts” — short swings that test support/resistance and then reverse — especially in this volatile environment.
Hong Kong will host at least 93 major events in the first half of next year, expected to bring in HKD 3.3 billion in consumption!
Recently, the Hong Kong government announced the event calendar for the first half of next year. Hong Kong's Deputy Financial Secretary, Huang Weilun, stated at a press conference that there will be at least 93 major events in the first half of next year, of which 14 will span this year, expected to attract 840,000 visitors, an increase of over 50% year-on-year, and is expected to bring in HKD 3.3 billion in consumption and HKD 1.8 billion in economic added value, representing an increase of 40% and 30% year-on-year, respectively.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
#CloudflareOutage Sends Shockwaves Through Crypto, Renewing Push for DePIN _ Some in the #crypto world have called for #DePIN to be more widely adopted to combat internet outage issues.
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🟨 CoinDesk 20 Performance Update 🟨
🗓️ June 11, 2025 | 9AM ET
📈 Index: 3,283.15
↗️ +0.4% (+13.33) from Tuesday
🔥 Top Performers:
🔹 $AAVE +2.8% 🚀
🔹 $BCH +1.9% 💥$
📊 Market showing bullish momentum as leaders outpace the pack. Are we setting up for another green day? 🟢
💬 Drop your trades below 👇
#CoinDesk #AAVE #BCH #BinanceSquare #TradingUpdate
🗓️ June 11, 2025 | 9AM ET
📈 Index: 3,283.15
↗️ +0.4% (+13.33) from Tuesday
🔥 Top Performers:
🔹 $AAVE +2.8% 🚀
🔹 $BCH +1.9% 💥$
📊 Market showing bullish momentum as leaders outpace the pack. Are we setting up for another green day? 🟢
💬 Drop your trades below 👇
#CoinDesk #AAVE #BCH #BinanceSquare #TradingUpdate
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
Pakistan Bets on Blockchain: Will Billion-Dollar Remittances Change the Landscape?
Pakistan, one of the largest remittance-receiving countries in the world, is considering using blockchain technology to revolutionize the process of transferring money from abroad. According to Bilal bin Saqib, senior advisor to the Finance Minister and member of the newly established Pakistan Cryptocurrency Council (PCC), blockchain could be the key to reducing costs and speeding up transactions. Could this move help Pakistan tap into the enormous economic potential from its overseas labor community?
#CongressTradingBan
This doesn't harm those people who invite others to invest. The real impact won't be on them. The real risk is only for those whose investments are not transparent or who are in it for short term gain.
But if your investment is clean and you're in a long term project then there's not much to worry about.
What you need to do
Keep an eye on the news
Follow updates on #Binance #CoinDesk and #cointelegrapy
Avoid short term hype and schemes in this situation
Focus on transparent and utility based projects like RWA
DePIN just like what $SOL is doing.
This doesn't harm those people who invite others to invest. The real impact won't be on them. The real risk is only for those whose investments are not transparent or who are in it for short term gain.
But if your investment is clean and you're in a long term project then there's not much to worry about.
What you need to do
Keep an eye on the news
Follow updates on #Binance #CoinDesk and #cointelegrapy
Avoid short term hype and schemes in this situation
Focus on transparent and utility based projects like RWA
DePIN just like what $SOL is doing.
Pakistan's Strategic Move Towards Cryptocurrency Integration
Pakistan is embarking on a transformative journey to integrate cryptocurrency and blockchain technology into its national economic framework. This initiative is spearheaded by the newly established Pakistan Crypto Council (PCC), led by Chief Advisor to the Finance Minister, Bilal Bin Saqib.Bitcoin $BTC
agazine+14CoinDesk+14Reddit+14
A cornerstone of this strategy is the creation of a national Bitcoin reserve, inspired by similar moves in the United States. The reserve will consist of Bitcoin holdings from criminal and civil forfeitures, with a policy of long-term retention rather than speculative trading. This approach aims to establish Bitcoin as a strategic asset within Pakistan's financial system.
To support this digital infrastructure, Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers. This move addresses the country's surplus electricity capacity and is expected to attract foreign investment, create high-tech employment opportunities, and foster economic growth. Reuters
The PCC is also working towards formalizing cryptocurrency regulations to provide a clear legal framework for digital assets. This includes exploring blockchain-based solutions for remittances, which could streamline the process and reduce costs for the significant Pakistani diaspora. Business Recorder+7The Express Tribune+7Profit by Pakistan Today+7CoinDesk
With over 60% of its population under the age of 30, Pakistan is positioning itself to become a hub for blockchain and Web3 innovation. The government's proactive stance on cryptocurrency and blockchain technology reflects a commitment to embracing digital transformation and fostering a more inclusive financial ecosystem.#CoinDesk
agazine+14CoinDesk+14Reddit+14
A cornerstone of this strategy is the creation of a national Bitcoin reserve, inspired by similar moves in the United States. The reserve will consist of Bitcoin holdings from criminal and civil forfeitures, with a policy of long-term retention rather than speculative trading. This approach aims to establish Bitcoin as a strategic asset within Pakistan's financial system.
To support this digital infrastructure, Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers. This move addresses the country's surplus electricity capacity and is expected to attract foreign investment, create high-tech employment opportunities, and foster economic growth. Reuters
The PCC is also working towards formalizing cryptocurrency regulations to provide a clear legal framework for digital assets. This includes exploring blockchain-based solutions for remittances, which could streamline the process and reduce costs for the significant Pakistani diaspora. Business Recorder+7The Express Tribune+7Profit by Pakistan Today+7CoinDesk
With over 60% of its population under the age of 30, Pakistan is positioning itself to become a hub for blockchain and Web3 innovation. The government's proactive stance on cryptocurrency and blockchain technology reflects a commitment to embracing digital transformation and fostering a more inclusive financial ecosystem.#CoinDesk
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