Bitcoin price drop to $113K might be the last big discount before new highs: Here’s why

A crypto analyst suggests that Bitcoin's price may not be the best indicator of its market cycle. He proposes a stronger factor for understanding the cycle.

Editor’s Note: This discussion is important as it challenges the traditional view of using Bitcoin's price as a benchmark. Understanding the market cycle better could help investors make more informed decisions.

Dogecoin is experiencing a significant price surge, driven by new institutional interest and investor enthusiasm. The recent establishment of a large DOGE reserve by a company highlights confidence in the cryptocurrency's future.

Editor’s Note: This surge in Dogecoin's price is important as it reflects growing institutional interest and investor confidence in cryptocurrencies. The establishment of a Dogecoin ETF could further legitimize the token and attract more investors.

Bitcoin is encountering strong resistance at $117,500, yet there is a significant chance for a rally to $124,474 if it stays above the moving averages.

Editor’s Note: This information is crucial for investors and traders as it highlights potential price movements in the cryptocurrency market, particularly for Bitcoin, which can influence trading strategies and market sentiment.

Bitcoin's value remains stable as treasury companies pause their activities. This stagnation reflects broader market trends and investor sentiment.

Editor’s Note: Understanding Bitcoin's price stability is crucial for investors and market watchers. The pause from treasury companies may indicate a cautious approach in the financial sector, impacting future cryptocurrency investments.

Bitcoin ETFs have purchased nearly nine times more BTC than miners have produced in the last five days, highlighting a surge in demand.

Editor’s Note: This trend indicates a growing interest in Bitcoin investment through ETFs, which could lead to increased market stability and price appreciation as demand outstrips supply.

XRP is showing signs of bullish divergence as it trades within a tight range of $2.96 to $3.07. This indicates potential upward momentum in the cryptocurrency market.

Editor’s Note: Understanding XRP's price movements is crucial for investors and traders. The bullish divergence suggests that XRP could be on the verge of a breakout, making it an important asset to watch in the current market.

Bitcoin's dominance in the crypto market is declining as altcoins gain traction, fueled by institutional interest and upgrades. Investors are increasingly recognizing the potential of altcoins.

Editor’s Note: This shift in dominance is significant as it reflects changing investor sentiment and the evolving landscape of the cryptocurrency market. Understanding these dynamics can help investors make informed decisions.

Strategy has amassed a Bitcoin treasury worth over $73 billion, holding 638,985 BTC as part of its accumulation strategy that began in 2020.

Editor’s Note: This significant investment in Bitcoin highlights Strategy's confidence in the cryptocurrency market and could influence other companies to consider similar strategies.

Hyperscale Data has announced a new strategy to invest $100 million in Bitcoin, aiming to enhance its financial portfolio and capitalize on the cryptocurrency market.

Editor’s Note: This move is significant as it reflects growing institutional interest in Bitcoin and could influence other companies to consider similar investments, potentially impacting the cryptocurrency market positively.

The crypto market is experiencing a downturn today, with Bitcoin and several altcoins losing gains from the weekend. Bitcoin's price has dropped to $115,000, while Ethereum, Solana, and Cardano have also seen significant declines.

Editor’s Note: This decline in the crypto market is important as it reflects broader trends in investor sentiment and market stability. Understanding these fluctuations can help investors make informed decisions and anticipate future movements in the cryptocurrency landscape.

The REX-Osprey XRPR ETF is set to launch in the US this week, potentially boosting the legitimacy of the crypto market and attracting traditional investors.

Editor’s Note: This launch is significant as it represents a step towards greater regulatory oversight in the cryptocurrency space, which could encourage more traditional investors to enter the market.

Memecoins have faced significant selling pressure since December 2024, leading to a collapse in prices and a decline in investor enthusiasm. This downturn has left many questioning the future of the memecoin sector.

Editor’s Note: The performance of memecoins is crucial as it reflects broader trends in the cryptocurrency market. Understanding this downturn can help investors make informed decisions about their portfolios and the potential for recovery in the sector.

A crypto analyst suggests that Bitcoin's price may not be the best indicator of its market cycle. He proposes a stronger factor for understanding the cycle.

Editor’s Note: This discussion is important as it challenges the traditional view of using Bitcoin's price as a benchmark. Understanding the market cycle better could help investors make more informed decisions.

Ethereum has seen significant institutional interest, with $638 million in net inflows into spot ETFs recently. This marks a continued trend of growth, pushing total ETF inflows above $13.3 billion.

Editor’s Note: This is important as it indicates a strong demand for Ethereum among institutional investors, which could lead to further price increases and market stability. The ongoing inflows suggest confidence in Ethereum's future.

Haseeb Qureshi from Dragonfly has proposed a new reputation system to improve token distribution through airdrops. This plan aims to reduce the impact of airdrop farmers who sell tokens immediately after launch, addressing concerns raised by Aztec's CMO.

Editor’s Note: This proposal is significant as it seeks to enhance the integrity of token distributions, potentially leading to more sustainable market practices. By filtering out those who exploit airdrops, it could foster a healthier ecosystem for both projects and investors.

The Fellowship PAC has raised over $100 million to support pro-crypto candidates and the White House's digital asset strategy.

Editor’s Note: This significant funding indicates strong backing for cryptocurrency initiatives in politics, which could influence future regulations and policies in the digital asset space.

The US SEC and Gemini Trust have reached a settlement regarding a lawsuit over an unregistered crypto lending program, resolving allegations of operating without proper registration.

Editor’s Note: This settlement is significant as it highlights the ongoing regulatory scrutiny in the cryptocurrency space and may set a precedent for how similar cases are handled in the future.

SEC Chair Paul Atkins emphasizes the importance of addressing clear fraud cases rather than focusing solely on technical breaches. This approach aims to enhance investor protection and maintain market integrity.

Editor’s Note: This matters because prioritizing clear fraud cases can lead to stronger enforcement actions, ultimately fostering a safer investment environment. It reflects a shift in regulatory focus that could benefit both investors and the overall market.